Member Info for ilikehousebuilde

Just wondering did tw pay dividends in 2020 and take it away later,or did they watied after the xdivi date and said we are not going to pay?

After positive broker commentry from HSBC &JP Morgan today on the sector,see tw board,but lower monthly mortgage approval no's all builders except two are down,don't understand why PSN is the biggest faller at 3%?

BUZZ – J.P. Morgan sees "Solid Foundations" for UK housebuilding sector
29 March 2021 09:46
* J.P. Morgan says the UK housebuilding sector is in "Solid Foundations" as the government's continued support has helped the sector outperform the market YTD
* Brokerage sees good demand trends and increased near-term visibility within the sector; remains positive and sees further room for outperformance
* Brokerage sees positive long-term outlook on the sector, which should be further supported by the positive earnings momentum in the near-term
* J.P. Morgan upgrades Taylor Wimpey Plc to "overweight" from "neutral", as it believes the group's earnings momentum is likely to outperform the sector
* Downgrades Barratt Developments to "neutral" from "overweight" in light of limited upside to consensus and strong performance over the last few months resulting in limited rerating potential
* Brokerage says Persimmon Plc remains its "core pick and top idea" as it is the most efficiently managed company, with one of the strongest balance sheets in the sector
* For Vistry Group , the brokerage sees limited room for further rerating potential and the next leg of performance needs earnings upgrades
* Brokerage also made the below PT changes within the sector:-
Company New PT Old PT
Barratt 850p 800p
Developments

Bellway 4150p 3500p
Berkeley 5100p 4900p
Group

Crest 320p 280p
Nicholson

Persimmon 3420p 3360p
Redrow 750p 710p
Taylor Wimpey 220p 190p
Vistry Group 1000p 980p
(Reporting by Aniruddha Chakrabarty) ((aniruddha.c.thomsonreuters.com@reuters.net)

© 2021 Thomson Reuters. Click for Restrictions.

except two,all builders are down upto 2 %,PSN the worst,although there was news that mortgage approvals had gone down!
BUZZ – UK homebuilders: HSBC sees upturn to continue on nascent WFH trend
29 March 2021 08:27
* HSBC analysts expect upturn in new construction demand since H2 2020 to continue at a robust level
* HSBC says there is increased preference for housebuilders' low-density housing, fuelled by nascent work-from-home trend
* HSBC raises TP on Barratt to 930p from 900p; Bellway to 4,630p from 4,510p; Taylor Wimpey to 260p from 220p; Persimmon to 3,420p from 3,130p, Vistry Group to 1,500p from 1,180p
* Shares of Taylor Wimpey and Vistry gain about 1% and 0.4%, respectively
* Barratt, Persimmon and Bellway fall between 0.6% and 1.3% in a broader market , which was almost flat
* Analysts at HSBC, however, expect the rise of work-from-home and London's temporary lower global appeal to reduce London apartment prices
* Brokerage cuts rating on 75%-London exposed Berkeley Group Holdings Plc to "reduce" from "buy"; cuts TP to 3,940p from 5,920p
* Shares of Berkeley down 1.1% in early trade
(Reporting by Aby Jose Koilparambil in Bengaluru) ((abyjose.koilparambil@thomsonreuters.com)

© 2021 Thomson Reuters. Click for Restrictions.

BUZZ – UK homebuilders: HSBC sees upturn to continue on nascent WFH trend
29 March 2021 08:27
* HSBC analysts expect upturn in new construction demand since H2 2020 to continue at a robust level
* HSBC says there is increased preference for housebuilders' low-density housing, fuelled by nascent work-from-home trend
* HSBC raises TP on Barratt to 930p from 900p; Bellway to 4,630p from 4,510p; Taylor Wimpey to 260p from 220p; Persimmon to 3,420p from 3,130p, Vistry Group to 1,500p from 1,180p
* Shares of Taylor Wimpey and Vistry gain about 1% and 0.4%, respectively
* Barratt, Persimmon and Bellway fall between 0.6% and 1.3% in a broader market , which was almost flat
* Analysts at HSBC, however, expect the rise of work-from-home and London's temporary lower global appeal to reduce London apartment prices
* Brokerage cuts rating on 75%-London exposed Berkeley Group Holdings Plc to "reduce" from "buy"; cuts TP to 3,940p from 5,920p
* Shares of Berkeley down 1.1% in early trade
(Reporting by Aby Jose Koilparambil in Bengaluru) ((abyjose.koilparambil@thomsonreuters.com)

© 2021 Thomson Reuters. Click for Restrictions.

So HSBC comes out with a bullish note on the sector excluding bkg,and except for tw and crst all other builders are down some by upto 2%!?wth

https://photos.app.goo.gl/sQ5jttsngDz7TTMRA

My mistake thought I was on PSN forum!

my bar,thought I was on PSN forum!

Trunky you mean £40.70!?

Nice wild intraday swings today,and now up 2%, which I had anticipated the intraday action and had traded it still in for a longer swing trade waiting for 3100's or above would be better!

Very nice to see!so after a negative reception to generally good bwy results yesterday HB's just realised they overreacted and want to make up for yesterday,right!? Haven't seen any broker upgrades yet although there was some PT upgrades on Tuesday.

Now biggest loser among the sector! down 2.5%

I know the profit was down but that was expected due to Corona,divi 35 Vs 50p normal,apart from that everything was positive! I would have expected downside for bwy just because it had been going up for 17 days in a row but the whole sector is down,wth?

This has been going up very strongly now for 17 consecutive days bar one ,can it still go up after hopefully positive results tomorrow?

This update was unescheduled! But pleased it's positive will it push up others in the sector today? Let's hope so...

Hope they are good!

Hope these are good and it pushes the whole sector up with it,any thoughts?

On no apparent news when other hb' s down only a BIT!

I just noticed this now:UBS downgraded its stance on shares of Persimmon on Thursday as it took a look at the UK housebuilding sector.

The bank cut Persimmon to 'neutral' from 'buy' and reduced its target price on the stock to 2,915.0p from 3,070.0p, stating the risk/reward ratio was now more balanced after the stock delivered a more than 20% total shareholder return since the start of 2020.

"Shares trade at a considerable premium on P/TNAV of 2.75x (sector 1.6x) which reflects substantially higher returns," it said.

"While we like Persimmon's attractive margin and return profile, we think the shares no longer prices in a material erosion of this and therefore we think the stock fairly reflects these superior returns."

UBS said it remains positive on the sector overall and continued to think there was upside, although it was more limited at around 15% on average after the recent rally.
Bit surprised,most brokers had given pt of 3000 plus as recently as 2-3 -weeks ago!