Member Info for gregpeck7

You might say - other motives in play... Goes against the macro message

Labour need to get building quick.

House prices rose at the fastest pace in two years, a closely watched index showed, ahead of a stamp duty increase coming into force next year.

Property values climbed by 3.7pc in the year to November, according to the Nationwide house price index.

The gain was faster than a 2.4pc rise in October, although that was a slowdown from 3.2pc in September.

Compared to October, prices were up by 1.2pc in November, making the average home worth £268,144.

Nationwide’s chief economist Robert Gardner said: “The acceleration in house price growth is surprising, since affordability remains stretched by historic standards, with house prices still high relative to average incomes and interest rates well above pre-Covid levels.”

He said it was “unlikely” to have been driven by the increase in stamp duty coming in April, when the temporary increase in the threshold for payment will drop from £425,000 to £300,000.

Nathan Emerson, chief executive of estate agent group Propertymark, said: “It’s likely that as both the confidence and affordability of buyers increase due to the easing of inflation, this has spurred on activity in the market and as a result, we are starting to see health restored in the form of steady house price growth.

“What we are likely to witness now is a further spike in activity especially for buyers in England and Northern Ireland as some rush to complete before the upcoming Stamp Duty rises due to commence from April 2025.”

Another low noise weekend - things settling down here.

IMO

THe bottom line is - despite the issues - there is no way the shares should have come down from 1435p to 600p - the backdrop for house builders under labour is very very strong. The over reaction is huge. People will make big money from these swings .

Shorters will now be "bricking" it though.

The upside risk to them is huge now - for all sorts of reasons

Directors won’t be able to buy if there is a bid circling. Silence speaks volumes.

Shorts are about to be humped

Vistry Group appears to be attracting bid interest following its latest share slump. The recent profit warning, caused by £165m cost underestimates, also sparked the exit of COO Earl Sibley, enabling Greg Fitzgerald to tighten his grip on the housebuilder as CEO and exe chairman

There’s more. No comment from Vistry.

Rumours are out

3 months ago - even with what is now known. With a huge buyback now chewing double the amount of predicted shares. How heavy would you have loaded. Vistry is going nowhere. In a year when kier Stalin is begging for more homes at any price to avoid breaking another promise and boost the economy, these shares will probably be at record highs.

Smoke reported and numerous "shorters" being engulfed...

Its through. :-)

Its just too low - they wont be able to hold this much longer. The govt wants to build millions of homes and this is at 52 week low.. Its insane.. Whatever issues - the money is going to flow in herre.

Once this goes back through 700p shorts will really start to think the time to close is here. You have more halved the sp in a couple of months. Don’t be greedy.

They didn’t realise Israel conflict was going to end. That will drive down oil prices and inflation!

Whoops

And to the point about crap. When you see this 100p higher in very short order please retract that. Its coming

You can tell they want to close now but they will push the so hard. They have taken this too low and now they need to get out. Fireworks are coming. I suspect many are sitting below the notification level as well. Watch the rats start leaving soon.

FACT - the govt want to build millions of homes

That does not get done for free - the money is going to flow into house builders.

Labour are toast if they dont deliver on this.

This will not be under 700p for ling.

It’s fallen by such a crazy amount there should be a fair few more days like this to come

This crazy bargain share price sale will be over like Black Friday.