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Well, The Telegraph have suggested that HTB may not be extended beyond 2021. However, The Times suggests that Hammond will announce extension of HTB beyond 2021 in the next budget, albeit with some tweeks. Bear in mind that the builders are UK based companies and are all paying pretty much full corporate tax ~ 19 - 20 %, plus all these special dividends are also triggering lots of tax ( I can personally vouch for that ), so unlikely that the Treasury will risk upsetting the apple cart too much. Also good politics to get first time buyers onto the housing ladder, or put another way buying votes.

Sorry chaps for taking Tommy’s bait. Ferrari one two in qualifying.

Well, there may have been some nervousness on Friday prior to next weeks updates, compounded by the Nationwide press release and the media’s automatic “ glass half empty” interpretation. See what Cairn, Redrow and Berkeley have to say. Hope they choose their words carefully

Bamps, I guess you appreciated Northern Soul then

Well, depends where you are looking for your volume data. I respectfully suggest that if you are looking at the data from this site you are a little naive, in investment terms. These free BB’s do not undertake any qualification of data, just simple math assuming bid / offer and then position from that. You need to see SETS info, and broker dat to properly assess buys / sells.

Let’s see what the BoE has to say tomorrow, more petrol on the fire... or reassuring the sector. Some more reassuring noises from our European brothers might help.

Hi Troubles, yeah, I guess we are on the same page re politicians and media. Housing is part of the British psyche, and as such politicians will always take cheap shots if it suits their agenda, and same for the media if headlines attract eyeballs. No way round it I’m afraid just need to ride out the current poor sentiment. It’s obvious that traders are reacting to headlines, and not really doing enough coal face due diligence. New builds are not performing as bad as the second hand market, and in some cases are benefiting from buyers settling for a new build because of little choice in second hand market. Just need to see through all this poor sentiment and see where we are later in the year.

Troubles, one wonders why you are still invested in Wimps given your negativity on the sector. Presumably you were happy to buy them.

To be fair, if you agree on a deal then you should not renege on that deal. Can you imagine the bad press if Wimps were actively encouraging people to gazump. Unfortunately it is the Market that sets the SP, not the BoD, and if no one is prepared to commit to the sector given the uncertainties then the SP will get pulled around by the professional traders. We need the Letwin report published and good news on you know what, and IMHO the Market as a whole will rally. Just have to fill your boots at these prices and be patient. It is times like this which allow us to make shedloads. Of course IMHO.

For minor offences HMRC Officers can use their discretion, and if they believe it was a “mistake” you just pay back the owed tax without penalties.

Hi Trev, you can deduct all trading expenses to arrive at your profit. Don’t think you or HMRC will worry about a £. As whether to declare the £400, I guess that’s up to your own conscious. HMRC do get information on all trades forwarded to them as a matter of course, however unless they have a need to look you up they may never make the connection to your account, although this planned when they roll out the new real time tax accounts for us all. The roll out delayed because all effort re IT now directed to Customs systems in case of no deal Brexit. They can go back six years.

Hi Trev, you don’t enter dividends in the CGT calculator. They count as income, and should be added to any other income you receive (salary etc). You should then pay tax on those dividends at your appropriate rate).

All these sales are not recent, and occurred up to twelve months ago. Anyone who invests in the sector, or is close to the sector will have seen these as soon as the relevant RNS was issued. Just another example of headline grabbing populist media, and reflects he British psyche re house prices.

Daily Mail report 😃

Looking at trades booked after the closing auction is pretty meaningless. These are mainly trades that have occurred earlier in the day(s),and are just being booked late. Many trades have a delayed publication attribute attached so won’t be booked until after close. Also trades that occur outside of SETS may get booked late due to administrative delays. Many of these trades will be buys, as you don’t know whereabouts in the day(s) the trade actually took place, with respect to the pricing at that particular point. If the market is volatile in any particular direction then you will get very misleading info from these free sites. You need to see the trade “paperwork “ to know whether it was a buy or sell.

One things for sure, PSN Results on Tuesday will be heavily scrutinised, as will the BoD on the conference call. I suspect the numbers will be fine (looking backwards), just the CEO will likely be under pressure to reassure re outlook.

Yeah, as you would expect given the media ramping up the rhetoric on Brexit. Once the media latch on to any nervousness and hesitation re committing for house purchases, we can expect to hear about on every newscast. Which will compound the current situation re SP. Regardless of your politics, a quick deal to stay in would be the best outcome for builders in the short term. Any other outcome will delay any SP recovery further. If you can stomach the volatility bit like buying after the last crash, you will do well once we are through all this. Of course, IMHO.

Well, technical, the SP can go to zero, although I don’t expect any of us believe that. As we know sentiment is poor generally given the macro environment, and its “risk off” for the sector as the cycle seems to be topping out. Let’s see what PSN have to say on Tuesday. I suspect they will report steady progress as they operate at the lower end of the market with a high percentage of help to buy and no London exposure. Hopefully they will choose their words carefully.

Well, Wimps are trailing “rent to buy” which provides another channel, so see how popular that proves. However, they are still committed to Central London and I suspect that will hold them back in the eyes of the Analysts (not that I would give them the time of day), however they do influence sentiment. PSN, not in Central London and BDEV will be out within 12 months.

Like a bouncing ball. With each bounce energy is expended and the ball can never reach previous highs.