#HSBC housebuilders VALUATION Everything’s a “buy”: #SIG #BKG #TW. #PSN #BWY #CRST #MCS #RDW #VTY |
The retreat begins – Sector specific problem (building & construction) or part of the general fall back from the ramp up caused by central banks printing too much money - Remember inflation caused by too much money chasing too few goods - and thanks to general high level of shares across many companies too few equities available to soak up the surplus cash (imo) $64K question - a minor blip or the start of the 2nd down wave? |
This cant be worth more than 10p? Who is buying this stock? |
thanks. BWY finished near low for day as a few building stocks did . |
See chat on TW thread. Some sites closed it seems and selco/builders merchants too. |
not sure why building stocks underperforming the market on this strangely bullish day
as if corona virus problem almost over ! |
Buzz UK?? Never heard of them. Mr Lightyears slower mate?
I suspect the index has gone down a tad now. ;-)
I see bway interims are wed 25/3/20.
If nothing else,it should have comment on any real world impact of CV on their day to day activities, in terms of healthy workers and continuity of supplies. |
Dont think the dole bludgers, tea leaves and blade merchants were buying lovely new Bellway houses. But the new educated and employable migrants very possible would be. |
Big rise up this morning,I would of thought new migration rules would do opposite |
Wrong Dr Smith
This is actually all the latest valuation multiples and KPIs can be downloaded from here, including Bellway |
Good TU I would have said.
Further evidence of a strong housing market and increased demand following GE.
Lets see what the market makes of it. |
...and broke £40 earlier, another ATH. |
but a great looking chart and NOR situation ! |
Currently overpriced IMO. Wish I bought last year, but there you go. |
FWIW
Peel Hunt upgrades to "Add" , TP increased from 3,550 to 4,330. |
Some time back I built a google sheet showing share price for my folio relative to max for preceding 2 years.
I notice today BWY is at 101.13%, so ATH
Other builders:
BVS 96.47
RDW 99.97
TW 99.29 %
Dave |
xdiv today 100p i think |
 Morning folks.
Didn't the alarm bellway k you. ;-)
s.p. 7.5% down?
All looks as expected to me, I assume fly in ointment is the non-repeating 9 elms. I work this out as 5.4% of t/o where margin is is premium, ...actually lower down it says 5.5% and :
"In the new financial year, the one-off benefit to the operating margin from Nine Elms will not be repeated and in addition, in the absence of house price inflation, industrywide build cost pressures will continue to have a moderating effect. As a result of these combined influences, the reduction to a consistent, underlying operating margin will be more pronounced."
So..I guess market feels margins squeezed more than expected.
Unstated and IMO, we know businesses are holding back on various plans pending Brexit - and cnsequently employees and their families/house moves. Once there is a settled outcome, there should be increased demand, so room for optimism.
Nice to see the quality rating based on customer surveys.
I remain a LTH.
Still in bed? Come on, mist will soon lift for a rare old sunny day. I have 150 bulbs to plant with me dibber! oo er. ;-)
Dave |
Both a proper Brexit and a Corbyn govt are much further from being possible since Boris's troubles with remoaners intensified. That and generally good results from housebuilders over the last week or two. Redrow gave an upbeat outlook for starters |
why the rise? |
Generally positive trading update today, shares hammered down 3%. Tempted to add again at these levels. 5+% yield covered 3 times, can’t see too much downside here unless comrade Corbyn takes the helm. |
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