Member Info for HumpyDumpy

JL76 - You are at least polite. Some of my posts have perhaps not been so polite. As you say, let's see.

I look forward to seeing the accounts JL76!!! It looks like you've got some fantastic insider knowledge. Or maybe not.... I'm afraid your earlier posts have identified that you have zero understanding of this business or this market. In a way, I admire your chutzpah; but in most ways I don't.

JL76 - "To equal revenue figures from before"? When do you mean when you say "before"?

Well, good luck JL76.

B*llocks! Good luck; but don’t try and suck others into this folly. If you’re right (which you are not) then there is no need for you to do that. If you’re wrong then you are just being a total g*t! Lets catch up in three months and we’ll see where this is then…..

They don’t even have an insolvency team! The guy they had left last year! Just scroll down this message board and find out for yourself. Please god, do some research before you invest!

JL76 - I’m sorry but you haven’t got a clue what you are talking about. The company you are talking about was a completely different company! What’s left here is a total wreck. If you were a buyer of legal services why on earth would you go here? They’ve proved they can’t run their own business, so why would anybody trust them with their own business or personal affairs. If you want to spaf your own money go ahead - but encouraging others to do so with such uninformed garbage is a really sh*tty thing to do. Any credibility here is gone. Anyone worth their salt at the business would have jumped ship long ago. No new talent will join a firm with their background - at least not unless they are paid well over the odds in which case zero profit.

JL76 - You have to be joking!!! There are very, very good reasons this is at this price. It ain't market sentiment. People generally don't pay for dog dirt, but go ahead if that's your thing. If I were you, I'd pick it up for free from the pavement.

Who/ what is CLC?

Ahhh, Ok - but they’ll still expect 10% from most (as that is just a marketing ploy to get peeps buying with a whacking mortgage!), and they’ll only get that on exchange of contracts, not reservation. As an aside, I’ve just had a look at that Morecrofts link. You may get developers accepting clauses like that when there is a potential existential crisis like Brexit or the pandemic but generally developers won’t accept them - not least as a buyer’s mortgage offer is entirely outside their control (and could easily be manipulated by a buyer if they had a clause enabling them to escape if the mortgage offer was withdrawn/not renewed).

All housebuilders look to get their plots under exchange of contracts as soon as possible, but have to balance that with the length of mortgage offers. All the major housebuilders do now, and did prior to the credit crunch, start building before contracts are exchanged for the most part so they have stock ready to convert to cash. I don’t know where reference to a 5% deposit is coming from. The usual deposit on exchange is 10%. If you are talking about a reservation fee, 5% is much greater than I would expect to see.

That’s not correct. Once contracts have been exchanged, the buyer is committed to buy provided the house builder completes the house and gives the buyer notice of practical completion before an agreed long stop date. A buyer would only have the right to pull out where they have simply paid a reservation deposit but haven’t exchanged contracts (in which case they would lose their reservation fee which is a pretty nominal sum).

House builders don’t release that far in advance as peeps can’t get mortgage offers that last long enough - especially at the moment! The best they may do is get some very early reservations, and they’re not worth the paper they’re written on. What we really need to see here is what level of contract exchanges they achieve over the next few months. It’s simply too soon after the Truss carnage to have any real idea as to what the medium term effect of that is going to be from any info that may be disclosed over the next week or two. Rxdav, have a glass of wine and relax.

I think this will slowly drift further south. There’s definitely no catalyst for a rise, and the company would be wise to retain lots of the cash they’d otherwise use for dividends to pay the bills during the lean months ahead and to have a fighting fund for distressed purchases and hoovering up some cheap land. I think they can weather the storm but this is going down further before it goes up. I bought in just before the mini budget (doh!) and won’t be topping up unless it drops below £10. Even then of course that will be dependent upon what has made it fall to a tenner. Good luck all.

Somebody from Ince is obviously reading this. They’ve removed the old brochure now, just leaving reference to the 4 boggo corporate folks.

Sharebel - Looks like the charts are showing a reverse johnson rod. US will be waking up and piling in in 2 minutes. This will be up 100% by midday, and 10000% by Friday. "Buy don't buy I really don't care a jot". Then why have you been posting such utter, utter garbage on here?

He is the anti christ. But he can give very convincing and intelligent sounding answers, the problem is it’s all b*llocks as the rather lovely Gillian Tett recently astutely observed.

She’ll be gone tomorrow. She’s a floater, but they all get flushed eventually, and they’re currently spraying a fire hose down the toilet at her face. That’s why she’s blinking so much.

“The demand for houses is mental at the moment.” No it isn’t. Housebuilders are desperate to finish internal fit outs to get completions on exchanged contracts and to get as much stock sold whilst they can on current sites - that’s true, but the resi market is going down (of course it is!) and transaction numbers are obviously dropping - all the early signs are there. I’m a holder here, but I’m under no illusion that I’m in for a very rough ride before this turns. Is that doomy enough for you rxdav?

Slightly depressing but interesting read MrMath. Thanks.