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Nobody who panic sold in the past 2 years regrets doing so. Only the buyers of this share regret it.

Paddy still kidding himself all the way down.

The relevance of other people’s commentary is that it may stop others losing their shirt here.

Shorts don’t cause stocks to go down, they predict they will go down, so they short it.

If they could take stocks down, why don’t they do it to momentum stocks?

I think we all agree they won’t stay down for long. 2025 onwards I’m sure the Housebuilders will boom, but I think we’ll see at least 30% further falls from here in the short term.

The BoE is fuelling core inflation imo with these interest rate rises. Companies have debt to service, increased finance cost = increased prices. Workers have higher mortgage payment so they demand higher salary, company them has to put prices up, fuels inflation.

Higher interest rates only reverse asset inflation (not core) because people can’t afford to borrow as much.

Going to be difficult to find a way out of this spiral.

I think they’re being very optimistic there.

Lorenzo is bang on with all he said!

I’m not sure a 2% short can be solely responsible for a 60% fall. Anyway, we’ll go with your philosophy, how far will “they” drag it down? There’ll be no change in direction of SP without a change in direction of interest rates and they can’t come down do I guess it will be this dog instead.

Except the debt isn’t unchanged paddy, it just got a whole lot more expensive, which will wipe out any profit. These interest rates are the norm, we won’t see the historic lows we had 2009-2021 again.

Panda, I wouldn’t value any housebuilder on profitability ratio at the moment. PSN is priced at the book value, all other housebuilders were priced below 80% of book value last time I checked.

Would expect them all to bottom out at somewhere around 50% of nav.

6x EBITDA 😂 when the biggest expense is interest on the debt mountain, followed by depreciation of the busses.

Try 6x actual profit and you come up with a value of £0.

Try net equity excl goodwill and you come up with a value of £0.

PSN was way overpriced compared to the other builders (still is) the premium was because of the divi. When that is cut, the premium is slashed.

Revenue means nothing if your paying it all out (and more). Mcg made a loss so don’t tell me it has a higher pbt.

Marstons looked cheap and at an all time low when the market cap was £400m, it’s now sub £200m and is a better business than MCG.

MCG is effectively owned by the creditors and the interest cover isn’t enough to cover these higher rates.

Only half? Ok I’ll sell when doubles from here then.

This is still on a bull run, although it has more than tripled it still has a long way to go yet as it’s still 97% down from where is was.

Hindy, I’m not a genius by any means. I simply look which way the wind has been blowing for the past 2 years and set my sail accordingly.

I wouldn’t go long on this until the Mcap is below 200m.

It will go below 1000 regardless unless were to interest rates come down which obviously can’t happen.

Whatever the reason, a crash is a crash. SP will continue to slide with the dead cat bounces along the way.

I’ve been short for a while. Follow the trend- Easy money.

How’s your crystal ball doing?