Member Info for Quickdip

It’s funny you mention PSN, because you were spouting plenty of Vitriol on there a few months back!

Aye paddy, you were saying the same thing at 140, will be saying the same thing at 50p. It’s because nothing has changed that the SP has continues downwards…

The divi was a mistake, not sustainable moving forward.

JG sums it up well. The penny is finally starting to drop here… both literally and metaphorically.

All valud points but at the end of the day, all stock prices are based on sentiment.

Housebuilders will continue going down until interest rates go down, which won’t be for a while yet, so buyers are sitting on the sidelines waiting for a better entry point and earning a positive return elsewhere in the meantime.

Just another saying mick. Ill help you, no god needed. I’ll keep it literal and break it down for you.

The overall trend is downwards, although it does sometimes go up, giving an opportunity to sell before it continues its downwards trend.

No, I don’t mean 3 months. It was going down right until 5 June. God help you if you can’t work out it was a typo for dead cat bounce.

The dead car bounce only started this month, it’s had them before but the overall trend is downwards…

6 months -15%

12 months -38%

24 months -73%

The shorts love a dead cat bounce to short some more…

Dead cat bounce. It’s never a smooth ride down.

Steve,

Lorenzo is generalising, of course he doesn’t know the financials of all FTB’s.

Compare pre 2021 to now:

FTB might have had the choice of renting a property for £700 a month vs buying with a 5% deposit (through HTB) at 2% interest rate. It was a no brained to buy a new build.

Today, buyers can’t afford the hefty deposit and they can’t afford the increased rates. “How do you know” I hear you ask, by doing research. It is cheaper for a FTB to pay rent than pay these interest rates, and they are t having to maintain the property or risk negative equity.

No, still some hope value in this of a bid. As the hope diminishes, SP will plung. Seen it several times before, WG, THG, asos to name a few. Shorts won’t close until it’s back below £4.

I had that logic with Asos when the shares dropped to £7. Shorts were 6% at the time. Then they went down another 50% within 2 weeks.

This was £4.29 before rumour of an Amazon bid came out. Will probably return to that level in the coming days now that’s not in the pipeline.

Nobody thanked me though…

Next pause, 80p.

Will be a buy at £5, not before.

I sold my shares at a loss for 11.95. I don’t like to crystallise my losses, but it turned out to be a wise decision. Expecting to buy them back at 6 quid in a few months.

Aye, anyone who predicted this correctly must be A) The same person and B) Mentally ill- oh the irony.

Meanwhile, another 4% down since your last post.

Drip…. Drip… Drip….

Judging by the SP performance over that past week, that does seem to be the case Steve.

Try gaslighting me all you like paddy. The fact is I sold my long position about 20% higher than this, went short and have made a small fortune. I have to question one’s mental state who continually throws their eggs in to a broken basket.

No equity other than goodwill so everything effectively owned by the creditors. ROA lower that current return on cash. Loss making- and that’s before the increased interest rates. Divi not sustainable.

Why don’t you tell me what isn’t dire?

Let me break it down for you avocet.

You say “it’s already fallen 66% so can’t fall much more”

If we get a repeat of 2008 and it crashes approximately 85% peak to trough, it would go from £33 to £4.95. You with me so far?

Now if it reaches 4.95, when the share price is currently £11, that would be approximately 55% loss from the CURRENT share price of you invested today.

And as for “IF there’s a downturn” there’s absolutely no question. There are far greater challenges facing HB’s today than in 2008. Building costs- up, wage costs-up, sales-down, profit margin- down. Cost of cladding rectification as well. Candle burning at both ends.