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Pokerchips, Yes, operating profit is down vs peak 2022, but that was the top of the cycle — every housebuilder has seen margins compress with rates where they are. What matters is TW.’s resilience: £2.2bn order book, sector-leading dividend yield (~9%), and still sitting on very healthy net cash (£327m H1, rising into year-end). The 7.5% of BV dividend is covered, H2 margins are already guided to improve, and Labour’s planning reforms will be a structural tailwind. At ~0.85× book, TW. is being priced like rates are 10%+ when they’re actually only ~4% — historically cheap. The October CMD is a huge catalyst to reset sentiment, and any easing in rates will drive a sharp rerate from these depressed levels.

TW. is being priced like rates are sky high, but let’s keep perspective — UK buyers were taking mortgages at 10–15% in the 70s/80s/90s, even spiking to 17% in 1981. Today BoE base is only ~4.0% - historically dirt cheap. The real squeeze is house prices vs incomes, but that’s cyclical and policy-driven. Labour is pushing planning reform, inflation is trending lower, and rate cuts are back on the table. TW. sits at ~0.85x book with a 9% forward yield, £2.2bn order book and net cash. These levels are absurdly cheap – any sentiment shift on rates or housing policy and TW. could rerate sharply.

“at least here the fundamentals are strong”

I also agree, TW. fundamentals are very strong indeed, I’m here for the medium to longer term as Labour government push through their housing plans/commitments (I’m not political), markets are here to also provide opportunities, and this is a unique quality one IMHO.

TW. is set for a sharp rebound — deep value, +40% upside to analyst targets, and a sector-leading yield backed by a rock-solid balance sheet. Completions solid, guidance intact, H2 margins improving, and 7.5% of BV policy reaffirmed. One of the best total return profiles in UK housebuilding right now.

House prices climb at fastest rate in six months

House prices climbed at their fastest rate since January as falling mortgage rates provided a boost to home buyers.

The average price of property in the UK grew last month by 0.4pc last month, increasing to £298,237 compared to £297,157 in June, according to Halifax. Prices were 2.4pc higher than they were a year earlier.

It marks a return to price growth after a two-month slowdown brought on by the end of tax breaks on stamp duty in April. Prices climbed at their fastest rate since the start of the year, up on average £1,080.

https://www.telegraph.co.uk/business/2025/08/07/house-prices-climb-by-fastest-rate-in-six-months/

I wonder if the RNS today is inline for the planned move to the main market later this year.

@smokeyjohnson108, Tricky to separate short covering from fresh accumulation in real time, but today’s action gives strong clues:

• Volume was 3.5x average, yet price bounced hard from 316p to 332p — real demand soaking up pressure, not just shorts closing.

• If it were purely covering, you’d expect a slow grind — not that punchy late-session strength.

• Spread’s still choppy, but iceberg buys are likely soaking size in the background.

• Shorts are still around, but no longer steering the tape — control looks to be shifting.

With the Main Market move ahead and H1 results nearing, this feels more like smart money quietly positioning. 👀

Https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=20344416&type=bsm

Persimmon The Top Pick Among Undervalued UK Housebuilding Stocks

https://global.morningstar.com/en-gb/stocks/persimmon-top-pick-among-undervalued-uk-housebuilding-stocks

Persimmon: Plenty in the tank despite worries over the housing marker, says American bank

https://www.proactiveinvestors.co.uk/companies/news/1073682/persimmon-plenty-in-the-tank-despite-worries-over-the-housing-marker-says-american-bank-1073682.html

Just wait for the US open followed by broker notes and upgrades throughout next week as they update their models, today’s update was highly significant and as such, OCDO rally hasn’t yet even commenced, particularly from such now clearly unjustified lows.

OCDO - Fantastic RNS/Half Year Results Here Today In Every Single Aspect!

True, it’s a full HY, not just a Retail TU — but that’s exactly why it matters. We’ll get updated Retail, cash burn, margins, and any Smart Platform or ‘Other’ surprises they’ve timed for this. With heavy shorts, even a small beat or new pipeline news could squeeze the SP significantly and fast.

Sheltie — true, debt costs do hit the bottom line, but they’re small next to Ocado’s operating costs. The TU swing is all about Retail growth and any Solutions surprise — not the interest bill, which is already priced in. Personally, I’m cautiously optimistic, especially as the share price here seems to have somewhat already priced in every negative possibility!

Fair points — but the M&S cyber issue was just a brief blip for a few food lines, all sorted now. And the debt is real but not urgent — the TU will move on Retail growth and any Smart Platform surprise, not old noise. It’s all about the numbers!

Personally, I’ve never seen as many active Ocado vans roaming around in my area as I have in the past few months here, so hopefully it’s all a positive sign of things to come.

TU on 17 July could be the real trend-break trigger, any surprise on cost cuts or new deals could massively squeeze the heavy shorts fast.

Watching 245 for a clean break, could easily see 280+ if momentum kicks in. GLA!

BME - Fantastic RNS Update today, thank you very much BME team, now massively upwards and onwards from these crazy ultra lows!

There’s still obviously large seller(s) at work here, BYIT management have lost much confidence by their numerous directors sells here with all just days prior to a profit warning RNS, regardless of an open window or not, and much of it not even tax related, please DYOR.

'Dismal' month for supermarkets pushes down retail sales

A "dismal" month for supermarkets led to retail sales falling in May at the fastest pace for more than a year, the UK's statistics body has said.

https://www.bbc.com/news/articles/cz094j3nl1ro.amp

Looking very very good value here, like double your money within 6 months good!