Member Info for Raleigh

The ongoing emphasis of provision of homes to housing associations and the like for rental may in the shorter term prove to be something of a useful differentiator, with government conversely suggesting to local authorities they should delay section 106 provisions to kickstart private development.

The last was a generality geared at sales. In relation to Foxtons - "Lettings continues to provide a recurring revenue stream which contributes 61.5% (2018: 60.1%) to the Group's revenues"

The telegraph includes similar thoughts - https://www.telegraph.co.uk/property/uk/moving-house-during-lockdown-government-guidelines/. I read that valuers have quite a backlog to get through also, with no recent comparators, so it will be a question of getting all the ducks in a row again over the forthcoming months to get the mechanics operating acceptably. The housing market started the year well - then lockdown and recession. We shall just have to see how the year pans out from a buyer/seller financial perspective, but as with all businesses, going to work is a good start.

https://www.bbc.co.uk/news/uk-52641373

https://www.bbc.co.uk/news/uk-52641373

I believe estate agents are seeking further guidance, but https://www.bbc.co.uk/news/uk-52641373

Thank you. https://www.bbc.co.uk/news/uk-52641373
I think agents association are seeking detailed guidance but it is getting there. I read there is demand.

What we do know is that for MXCP Íde is very much a main project alongside the one with Liberty Global. MXCP have thrown money into it and hold all the debt, along with a proportion held by their investing partners, and for every £1 put in by MXCP 30p of that 'belongs' to Smith and Weaver, MXCP founders. They will sell this and all the other assets, prior to winding MXCP up in about 5 years. So they will do their very best for themselves as majority shareholders, with a possibility it may be sold into MXLG for Liberty Global. I remain optimistic - we have a long way to run. Smith says they are confident - but perhaps he too may be delusional.

That may be so, but these are payment for services not yet provided. Credit card companies will have an eye on progress and subject to the terms of agreements with credit card companies, the time may come when cash is retained by credit card issuers and not passed on to airlines - as with Flybe.

My final comment was a comment on my comment and not a comment on your comment!

Mentioning Norwegian, and taking the view there may be cash support across the industry, leads to the conjecture that some of that support may be backing the wrong horse - if one also takes the view it will take the industry years to recover to previous cruising levels, during which large lines have vessels empty and stored, with little prospect of sale to support the cash position. So it arguably begs the question of the shape of things to come, profitability, winners/losers, consolidation, and so on. A comment on the industry in general on the road ahead, emerging from coronavirus - nothing more.

Perhaps no more odd than the month's trend. People trying to catch what they believe is the bottom of what has been a distinctly higher share price, and the price is higher now on both exchanges than a month ago. Pre trade is up in America so far today as well.

Regardless of whatever Boris Johnson announces on Sunday it is clear from the trading update on 30th. April https://www.lse.co.uk/rns/SHI/operational-and-financial-update-and-fy19-results-date-putxbg7vjwuwzb4.html that the company is open for business as usual in Europe. Demand is increasing in the UK, and selective sites are already being opened, with a plan to be fully operational in mid-May, together with majority sites operational in Ireland. Profit of £42m for the year ending 31st December and well positioned to be quick off the mark as soon as existing impediments to some UK customers are removed.

"Shares rising". I think investors are taking the view that other sectors will be at least generating some cash in the foreseeable future (whilst cruise lines are still in port)

At least Credit Suisse have raised their heads over the parapet at 2724p.

Deluded or not, I am in here at 4p, and therefore must remain optimistic. It is certainly in MXCP's best interests to make a success of it - the founding partners are banking on it. But, as I have said, we know nothing of what progress may have been made, and the extent to which coronavirus or anything else may have impeded affairs.

The cruise line industry will be well aware that any outbreak on any of their ships will be devastating for future business. I do not expect them to attempt to sail until such time as it can be judged 'safe' whatever that may mean. It will be a difficult decision, even when they are permitted to make it by the various international authorities.

I think there is a distinct probability that the housing market, estate agents, construction, will be among the first to a return to the (new) normal.

This has had an excellent run, but I have it as a continued hold as the sector eventually emerges from lockdown.

It will be interesting to see what levels of mitigation are put in place, and their effectiveness, whilst coronavirus remains prevalent, and in the absence of requirement for vaccination. They might rather take the edge off the accepted cruising experience.