Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
House builders appear to be available right now at very undemanding prices and it is difficult to imagine that,whatever happens with covid,brexit and interest rates,that the 3 to 5 year outlook will other than spectacular.
If PSNs intention with the wording of todays update was to signal that the industry needs the government to continue support for housing,what they said,and importantly,what they did not say,was spot on.
Afull blown enthusiastic report might make the authorities think that coninuing stamp duty relief and other measures to assist buyers will not be necessary.The employment outlook for the near future is not good and buyers need to feel comfotable that they can afford a house purchase.
Todays announcement provides a degree of certainty and helps with making future plans but it will be interesting to see,when markets reopen,whether this is already in the price.
Over the next few months we should find out what is likely to happen with jobs and mortgages.
Bookmakers rate the chance of an agreed trade deal (eventually) at 70%.Boris is very pro Brexit so to leave without a deal will reflect badly on him.
We will get Covid under control at some stage and,until we do,the trick is to restrict it as much as possible with as little economic damage as can be managed.
Interest rates look like staying at negligeable levels and mortgage lenders will lower deposit requirements if house prices do not fall.Demand for mortgages remains robust.
On balance,housebuilders should be able to achieve earnings in line with their aspirations.
OWLS
The economic cost of Brexit to the UK is estimated to exceed the amount in net contributions over the last 47 years by a substantial amount.
It is going to cost us money,not save it.
I accept that we are leaving but finding it difficult to get anyone to explain what we have to gain.
The health of the house building industry has a very significant effect on a large part of the wider economy and it is difficult to imagine that the government will not continue to provide sufficient supportive measures to keep it healthy.
Macro problems worldwide are a risk but barring those,housebuilders should handsomely repay patient investment and eventually overcome the recent buge volatilty brought about by daily news events.