Member Info for johncut

to add..

i did wonder why if you have 253m in cash plus undrawn facilities of £495m why would you take outa further £130m in bonds?? Its cheap money at 2.7% but just seems a bit unnecessary.

The trading update looked solid but i guess wider market sell off was for the fall. Wish I'd dived in some more this morning at £26.5.

They seem to be building a cash buffer at £250m so i guess the £0.5 dps is conservative but i think the emphasis on buying building plots is a better use of capital long term...especially if any forced sellers. Definitely not making anymore land. I agree on the Buffett philosophy with dividends - If it doesn't get paid out ultimately is should be reflected in a higher share price.

Redrow seemed to take more of hit today and now trading at 1.07 to book and Bellway 1.14