sometimes better to travel than arrive. q3 sales were down on last time but they said they expect increase into the end of the year. also pointing to cost issue creeping in. i think prices increases will outrun any cost increases but thats an unknown for the mkt so all in its a cautious takeaway and they have run up this year. if they manage to finish the day positive however i think it sets up a buy signal. at the moment its below key sup. |
Update is fine, usual reaction. |
Market not liking something so far.. |
Yes, no nasty surprises. |
Good Trading Update ! |
Higher tax and national insurance leaves less disposable income. I think it was Winston Churchill who said that a country trying to tax its way to prosperity was like a man trying to lift himself off the ground by pulling up on his boot laces |
Probably should have said expected reaction.The UK still has one of the highest house ownership rates in Europe as opposed to say France where most rent and the state has some control on rents. Maybe a state owned company could compulsory purchase derelict or empty properties, refurb and release for rental. We should make the best use of existing properties before building new homes. |
Knee jurk reaction by investors. Stamp duty for first time buyers still 0%.No stamp duty on first property under £300000.Extra cost for landlords and second homes. This should help release some more properties for buyers. It's interest rates that will drive demand. Still shortage of housing and gov encouraging more building. All positive for builders. |
Apocalyptic |
sikh,
I apologize - I misread the date. |
“ more cheaply “ Thicko. |
Agreed and with divi dropping next Friday we get to buy more cheaper. |
But their aren't many consequences if your a private home buyer, buying a house to live in? unfortunately the markets get spooked by a puff of wind these days, nothing more than great buying opportunity IMEO. |
JAF,
My post from yesterday was when share price was rising, lol
As gullible investors didn't understand the consequences of the budget.
The budget is great for the NHS (and TLY) but not for housing market and HBs. |
Sicktit has copied & pasted the same post on all hb's BB's, meanwhile the hb's carry on building & selling houses lol most 2nd home owners buy an old terraced house or a cottage by the sea, why would anyone buy a new build for A. a second home or B. a property to let out (unless you are paying cash in the first place) as you would never cover the repayment cost from rents if you had a mortgage. |
Share price drops, sikhthetech posts.
You could almost set your clock by it. |
Budget.
CGT up. Not good for investors.
Significant rise in Stamp duty on 2nd homes from 2% to 5%.
No replacement for "help to buy". No significant help for FTBs.
Budget not good for b2l/2nd property owners. |
I agree, it’s crazy. The company I work for has a share scheme, but I’m definitely a “working person”. When I retire, hopefully in few years, all my income will come from shares, by way of a defined contribution pension scheme (no gold plated final salary scheme unfortunately). I may not be working any more, but everything I have will be the proceeds of decades of work and saving. |
"Starmer pressed of whether his definition of a “working person” includes those who earn part or all of their income from property or shares.
Mr Starmer said: “Well, they wouldn’t come within my definition.” END
I thought company staff who are part of a share save scheme are defined as 'Working People'
The PM should make his definition 'Working People' perfectly clear to his electorate. |
"Kreature - 10 Nov 2023 - 08:25:58 - 4893 of 5676
Well I'm shorting the lot PSN, BWY, RDW"
Lol, just lol! |
Sure, there are plenty of empty houses in places where there are no jobs and no-one wants to live. The housing shortage is where houses are in demand. |
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