being realistic29 Jul 2018 16:42
Too much uncertainty around right now for housing demand to transform into actual sales.Nobody has a clue what is happening with Brexit,Theresa May hanging onto her job by her finger tips,multinational companies threating to move away from the UK,rumours of interest rate rise to come,Trump destabilising world trade and making military threats,employees pay rising slowly,builders flagging up future EPS pressures,Examination of TEFs availability lists shows sales almost at a standstill and Jeromes arrival has yet to result in further confirmation of long anticipated IPRS deals.TW announcement on Tuesday will probably provide direction for housebuilder SPs this week but there is not getting away from the fact the business is becoming much more "difficult".High street retail is under the cosh with numerous well known names under intense stress.The mood is not good and the outlook for TEF increasing ( or at least maintaining EPS after the current financial year is not a done deal.Our BOD will need all their skills and experience to adapt to changing circumstances.All part of being involved with business though and no need to go elsewhere.