Member Info for Shanny80

I bought more too. Higher interest rates not great for tech stocks as they are priced more on future earnings, higher interest rates means future profits potentially worth less hence the drop.

@Jack I'm fairly active in the markets so I personally prefer dividends as they pay towards trading costs over the year. What's best for a company, there's many more here who could answer that one much better, you to name one. All eyes on tomorrow, have a good evening.

@Jack - Agree with everything you say but after a near 50% rise from the February lows I think its time to bank some profits then see where to re-enter. Higher defence spending will be realised here but another catalyst will be a possible hike in the dividend, it's well covered in 2022 and even more so into 2023 (x3) , I've always thought its been a bit on the low side.

Thanks.

Yeah, always have some cash reserves when there’s a bargain to be had. Covid was a good time to have spare cash and as recently at the awful war in Ukraine was another time when having cash spare was advantageous to investors. Gaps can act as support, one being filled can help investors to buy the gap with chance of a rebound. Risk management needs to be in place as can fall right through of course. Vice versa can act as resistance too.

No link, just read it on Apple News this morning. It’s from analysts at Capital Economics. I think prices won’t rise by the 9% stated, may be 5 or 6% but the drop could be nearer 9 or 10%. I’m just guessing though, time will tell. The institutions buying was one factor why I bought yesterday. I’ll buy more at 110p if it gets there.

House prices are set to go into reverse as mortgage rates double by the end of the year, signalling the economic crunch will bring the recent property boom to an end.
The average rate on new mortgages is set to double to 3.6pc by 2023, marking the sharpest increase since 1990, according to forecasts from Capital Economics.
While house prices are expected to rise 9pc this year, they’re set to drop 5pc over 2023 and 2024, reversing a fifth of the surge in house prices since the pandemic began.
It comes as the Bank of England scrambles to lift interest rates to battle surging inflation, while soaring energy bills and higher taxes are also set to spark the biggest fall in living standards since the 1950s.

@Peaky I bought a few today, will scale in as 100p is a possibility like you say. Missed the boat before being too patience though.
@Fug I use TA but some seem to get annoyed by the “mystic Meg” predictions as they say so I keep the TA chatter to a minimum on the boards. Agree, most gaps are filled and 108p probably will be but when, who knows.

Looked at PSN for the divi, broker upgrade there today. House prices will continue to be buoyant until inflation really takes a hold in six to twelve months time in my view. Then people will struggle with remortgaging etc, you all know the drill.

Cheers.

Low 120’s a possibility…..100p unthinkable right?!?! Probably worth a nibble around here. Nice rising divi, rising profits, spectacular NAV, no debt. Think I’m talking myself into this. Held before, luckily made a small profit. Why here over Vistry is the question posed?

Sold my holding today for a nice profit, struggling to move above 345-350, that sloping downward trendline from Feb 2020 seems to be proving hard to breakout of. Keeping it on my watchlist as the higher government defence spending around Europe will be realised at some time in the not too distant future, just need to time it right. Good luck, hope you all meet your individual price targets.

Long at 290p, in before ex divi. 275p area a possibility but happy to hold, outlook looks good.

Would like to buy in around 300p here given the chance but might pull the trigger a little sooner. I think this will make a move soon. Looks like selling pressure is declining but results not until July so might drift until then. 280p a possibility in my opinion but who knows for sure. Trading announcement in May potentially? What are the near term earnings risks here other than the market wanting clarity around energy costs and raw materials pricing, although costs seem to have been offset with regards to materials somewhat. Some nice director buys too.

News hits the markets imperfectly, hence the ups and downs of a chart. Something tells me people are expecting a fairly good trading update. Time will tell of course, may have got this disastrously wrong, wouldn’t be the first time, ha!

Topped up around 73p today, target 86p, not long to wait in my opinion. Risk management in place of course, nothing is a certainty in this game.

Some uptick in volume today. Make of that what you will.

RMG might see 3-310p area but not concerned as will be a long term hold. Good chance of another special divi on top of the already good yield there.

I’ve put some profits in RMG today. Significant headwinds there but good dividend and should be a much better company in a couple of years time.

That’s the sort of RNS I like to get. Well done all, only held for a short time myself. Onwards and upwards.

I just wonder if news could come tomorrow or next week, I think this is going to make a move in the next few days. Breakout above 86.5p with volume and I think we could test the mid to late 90's. Of course bad news and, well, we all know what happens there. Probably wrong but just seems ripe for a move in some capacity, hopefully not sideways. All in my opinion.

Amazing performance here after going ex divi yesterday.