RE: Interesting Valuation on TW.13 May 2018 20:51
Completely agree Nige_W, I guess the negative sentiment still stems from 2007/08 when many people got their fingers severely burnt. But the balance sheets of today's builders look very different to 10 years ago, especially with regards to debt position. A general change in strategy has now reduced the risk level should another housing slump or recession occur, so the sectors shares are relatively cheap as you suggest.
However, the slowing down of the market in London and the South East (which is long overdue to be fair) will lay heavy on the share prices for sometime to come so not holding my breath on doubling my money... but I can see these rising to around 205p before the dividend and recovering back to around 205/210p towards the end of June / mid July.