Member Info for johnson36

Brokerage Jefferies upgrades its rating on Britain's second largest homebuilder Persimmon to "Buy" from "Hold"; adds stock to list of preferred picks.
Brokerage says it continues to believe risk from Brexit may be overplayed and homebuilder sector's valuations appear to reflect a ~12% decline in house prices.
Brokerage, on Persimmon says: "we see the risks from customer service/quality reducing, and believe increasing confidence in the sustainability of sector leading margins should make this stock too cheap to ignore"
Jefferies, however, downgrades rating on both Taylor Wimpey and Barratt Developments to "Hold"
The unexpected increase in TW's build cost guidance earlier in the year raises questions of management's on-the-ground visibility - Jefferies
Brokerage raises price target on Persimmon to 2438p from 2196p, cuts price target on TW to 172p from 208p, cuts price target on Barratt to 696p from 734p
The sectoral index has risen 13.4% so far this year

Next BOE meeting and interest rate decision 7th Nov

https://www.bbc.co.uk/news/business-49850829

The Bank of England may need to cut interest rates should Brexit uncertainty persist, one of its policymakers has said.
Even if the UK avoids a no-deal Brexit, rates may still need to be cut, Michael Saunders said.
Interest rates have been on hold at 0.75% since August 2018, when they were raised from 0.5%.

Could be good news for us shareholders

Bamps

10 day weather forecast shows rain every day

troublesome

No but but you could have some fun trying

Bamps

No I haven't, his last post was Fri 02:44 and he hasn't posted on PSN or any others. He might have gone away for weekend. Not much happening here really. Im hoping for a rise to 180p soon so I can sell a few that I have used my HSBC trading reserve to buy. If they dont get past 175p then ill hold them all and take the Dividend.

Hi Bamps

The April special and final dividends were for 2018 and the September dividends were the 1st parts for 2019. So as I said they paid £4.16 for 2018. So far for 2019 they have paid £1.73, we need to wait to see what the final divisend will be. By the way I sold my last Rio at just over 20 quid 3 years ago. Lol

Hi Bamps21

I think you are a little out on the Rio dividend figures.
For 2018 they paid £4.16 ($5.50), made up of interim 20/09/18 $1.27 (96.82p), special 18/04/19 $2.43 (183.55p) and a final of $1.80 (135.96p) on the same day as special.
Total £4.16 for 2018.
For 2019 they have paid an increased interim of $1.51 (123.32p) and a much reduced special of 61 cents (49.82p) on 19th September. Total so far for 2019 £1.73. The final for 2019 will be paid next April (2018 final was 135.96p)

Nige_w
The Benn Bill has Royal assent now so there can't be a No Deal exit on 31st October.
Either Boris makes a deal with EU or he asks for an extension to 31st January.

Are any of you guys expecting good things for builders Share prices after Monday when the Benn Bill to make a No Deal exit illegal gets Royal Assent

Are any of you guys expecting good things for builders Share prices after Monday when the Benn Bill to make a No Deal exit illegal gets Royal Assent ?

https://www.thisismoney.co.uk/money/markets/article-7426533/Barratt-shares-slide-investors-fear-end-lucrative-Help-Buy-scheme.html

Nige
I agree. Boris has lost the plot. Worse case senario for us was always a No Deal exit and i can't see that happening now. I don't think he will get an election before 31st October so the only option is extension to 31st January. He says he won't ask for that so he will have to resign.

Who's watching ITV.
Britains New build nightmares.
Not doing us any favours

Who's watching ITV.
Britains New build nightmares.
Not doing us any favours

Omg. I was right in my 2nd to last comment so please ignore my last comment. Lol

Ignore my last comment :-)

I think our builders should see a rise on Thursday after results in parliament tonight.

I think our builders should see a rise on Thursday after results in parliament tonight.

Nige

I am baffled also. I bought a few more this morning in my ISA. Big Divi in 5 weeks, hopefully 650p by then.

17.3p special divi