Member Info for TimBob

TW and most the big house builders dont typically do anything directly with / for the Govt. Housing schemes are normally paid for by Housing Associations. Typically, but not always, the HA will pay say TW a "golden brick" payment for the land and infrastructure; as Nige_W said, it still is typically 25% of the contract value; then staged payments per plot on a monthly basis.
You have to remember, House Building is differant than Construction... as much as people in the box bashing world might like to think otherwise... and as much as other industries look at it. House Builders tend to be speculative developers so take the risk and profit... In Construction, margins are lower, but so are the risks...

Is it me or does this stock seem to be taking more of a knock than most? Down 37% on its pre covid-19 low... still paying dividends at £0.0033 giving it roughly 8% yield at 50p/share. Latest dividend declaration is 75% or renters are still paying, which is enough to cover the current dividend payments. Ok NAV is up in the air, but even if you said there was a 20% drop in NAV, that would put the NAV at around £0.80/share... Surely this should be at the 60p/share mark?