noonriser7 Oct 2009 15:54
Yes i,m interested in them,think i mentioned on ifl earlier that figure,do you concur and whats the entry point? TW,short term forget it,the big boys are too high,redrow may be the exception there but like the fact gallifords are raising cash to specifically fund some cheap plots. Persimmon have got the largest landbank but dont know if they,re off loading any. As in the early 90,s, there are some bargain basement prices and some heavily endebted builders(will they ever learn) and i was going to invest in a new issue called "landbank" but they never listed as far as i know,so if thats why they,re raising the cash,then i,m viewing it as an investment rather than a punt,its overlooked currently that people actually want to buy houses and move due to the size of deposits required and job uncertainties but i believe demand is building up as people still change their circs and as an estate agent mate of mine said recently "theres a lot of people living in the wrong houses"! Anyway, i,d like some of that!