RE: Terrible Trading Outlook21 Apr 2026 11:17
‘Seeking temporary banking covenant relaxation’ strikes fear into the heart of the market maker. Probably not the disaster it might appear but sentiment is on a knife edge. Forecasts on a housing recovery have been bleeted about for a year or more while it continues to tighten up. All three of those accusations are probably reasonably accurate. To be fair they are almost obliged to put a positive spin on outlook, partly because nobody really knows especially in these extreme circumstances, but mostly you can hardly ask your bank for a relax on covenants if you are full of doom. The bank ultimately don’t want to take a big hit either so will support where they can I would hope.