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Share Name Share Symbol Market Type Share ISIN Share Description
R.e.a. Holdings Plc LSE:RE. London Ordinary Share GB0002349065 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 54.00 52.00 56.00 - 20,983 10:15:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 105.5 -5.5 -54.4 - 24

R.e.a Share Discussion Threads

Showing 76 to 95 of 300 messages
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
02/9/2005
16:00
Alpine's Lieber Still Hopeful on Housing By Gregg Greenberg TheStreet.com Staff Reporter ... 9/2/2005 Hurricane Katrina could buoy plummeting homebuilding stocks and REIT funds. The average REIT fund is down 6% over the past month, according to Morningstar, and the Philadelphia housing sector index has fallen more than 9%. The severe downdraft has got real estate investors on edge, wondering if the end of the so-called housing bubble is finally at hand. One voice of calm in an otherwise worried marketplace is Sam Lieber, portfolio manager for the $900 million Alpine U.S. Real Estate Equity fund. Lieber says the latest pullback is not unusual and certain sectors could even benefit from rebuilding projects associated with Hurricane Katrina. Lieber's fund, which is heavy on homebuilding stocks like KB Home (KBH:NYSE - commentary - research - Cramer's Take), Lennar (LEN:NYSE - commentary - research - Cramer's Take) and Toll Brothers (TOL:NYSE - commentary - research - Cramer's Take), has lost over 10% in the past month, but is still up more than 11% this year. TheStreet.com checked in with Lieber to get his views on housing bubbles and hurricanes. REITs and homebuilders have been hit pretty hard in the past month. What's behind the big downturn? You have to remember that these stocks have had a very good run. From March through the end of July, REITs and homebuilders rose 26% and 43% respectively. So to see a pullback makes sense. The stocks were due for a correction. On top of that, there are general fears about higher interest rates. Obviously, that hasn't happened yet, but the strong Aug. 5 employment report hit the stocks too. Fed Chairman Alan Greenspan alluded to a housing bubble recently, which also didn't help real estate stocks. What's your position on the so-called bubble? The world is certainly awash in liquidity. There are significant amounts of investment dollars looking for a home in real estate as well as a huge amount of investment dollars looking to finance real estate. Our view is that the world has not changed. There may be less of a cushion now, but overall there is less of a cushion in the economy whether it's the government or current account deficit. In terms of the risk premium in housing, Greenspan is certainly correct that low returns in other areas have pushed investors to take on more risk for incremental return. Your fund is top heavy when it comes to homebuilders and it's benefited you greatly. Is there any chance that you hit the brakes on the group soon? Since February 2000 through July 2005, the homebuilding group has gained 812%. During that time period, the companies also averaged 33.5% annual earnings growth. Hence, it's not surprising that their multiples only increased from 4.5 PE on a forward-looking basis to about 6.5 times. Given the huge order backlogs for these companies and their demonstrated capacity to increase market share at a double-digit pace and their financial strength, it suggests to me that these stocks will continue to provide revenue and earnings growth. ...MORE: http://www.thestreet.com/_yahoo/funds/gregggreenberg/10240802.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
energyi
25/8/2005
15:02
shorted toll today right at the top when it opened after results, it quickly reversed a buck and a half for a very quick profit.
scarface01
24/8/2005
17:11
THIS (from Header still looks right) BUT the peak stretched to July.2005. Next Low in Dec.2006, then? U.S. Homebuilder Cycle Timing Sym. .High- Low. : .High- Low. : .High- Low. : .High- Low. : .High- Low. Peaks #1........ : #2......... : #3......... : #4......... : #5......... CTX: Q1'72-q4'74 : Q1'80 q2'82 : Q3'86-q4'87 : Q1'94-q4'94 : Q4'98-q1'00 Ave. Timing : Years.....: Ave. : Quarters..........: Ave High-to-High: 8+6+8+4.. = 6.5yr: 32+26+22+19...= 99: 25 Low -to Low : 8+5+7+6.. = 6.5yr: 30+22+28+21...=101: 25 High-to- Low: 2+2+1+0+2 = 1.4yr: 11+ 9+ 5+ 3 +5= 33: 6.6 Low -to-High: 6+4+7+4.. = 5.2yr: 21+21+25+20...= 87: 22 : #6.?Current?.. : Q1/Q2'05-q3/q4'06 WHAT IS INTERESTING: ... Is the rapid SPEED of the Drop. The typical cycle was something like: 5yrs UP, 1.5yrs DOWN. ALSO: the cycles seem to be speeding up, especially the UP phase. THUS: We might expect: a 24/5 qtr. UP phase/#6 Peak: to Q1/Q2'05 & ...............: a 6 qtr. Fall to LOW of maybe q3/q4'05 (ideally: Oct.2006) 18 qtr. DOWN phase would mean a #6 Peak Q1/Q2.2005, a Low maybe: Q3/Q4'06 10-12 YEAR CYCLE?: US Property showed peaks in: 1972?, 1983?, 1993, 2005?
energyi
24/8/2005
17:05
Right. A bounce from oversold
energyi
24/8/2005
16:58
short covering today
scarface01
24/8/2005
14:00
The boom may be cooling Existing home sales fall more than expected though prices keep rising; are housing's best days over? August 23, 2005: 2:37 PM EDT By Chris Isidore, CNN/Money senior writer NEW YORK (CNN/Money) - Sales of existing homes slowed in July from their record pace as the latest reading on the strength of the real estate market came in below Wall Street forecasts. The National Association of Realtors (NAR) said sales of existing homes fell to an annual rate of 7.16 million in July from the revised 7.35 million sales rate in June. The pace of sales in July was still the third strongest month on record. Economists surveyed by Briefing.com had forecast the pace of home sales would slip to 7.25 million in July. "This is a big number any way you slice it, and housing is continuing to stimulate the overall economy," said a statement from David Lereah, the trade group's chief economist. The 7.16 million sales pace trailed only June and April 2005, when sales came in a 7.18 million rate. Still, the weaker-than-forecasted number, coupled with growing attention about the importance of the real estate market to consumer spending and the economy, sent stocks lower on Wall Street. "Reading through the housing tea leaves suggests that the housing boom is becoming a bit long in the tooth," said Anthony Chan, senior economist with JP Morgan Asset Management. "And while this outcome does not necessarily signal a collapse in activity just around the corner, it does suggest that the housing sector's best days are probably behind us." http://money.cnn.com/2005/08/23/news/economy/homesales/index.htm?cnn=yes
energyi
09/8/2005
13:58
America's riskiest real estate Report: Watch out Bostonians; rest easy Seattleites. August 4, 2005: 3:47 PM EDT By Les Christie, CNN/Money staff writer NEW YORK (CNN/Money) - Some of the nation's frothiest housing markets are at growing risk of price declines, according to the most recent survey from PMI Mortgage Insurance Corporation. The PMI Risk Index is based on economic activity and other conditions that PMI thinks are predictive of home-price declines over the next two years. Factors used to derive the index include home prices, employment conditions and the affordability of homes. At a 55.3 percent chance, the index singles out Boston as the area most at risk for a decline. That's up from 53.4 percent three months earlier. The Nassau and Suffolk County area, in suburban New York, is right on Boston's heels. The probability of a decline, according to PMI, is 54 percent, up from 51.1 percent. The metro area that had the biggest increase in risk is Riverside-San Bernadino, east of Los Angeles, which rose 8.3 points to 42.2 percent. Some areas got a little safer during the quarter. Among them, Detroit had the biggest drop from 37.9 percent to 29.5 percent while New York's risk score fell from 33.1 percent to 32.6 percent. So where are homeowners all but guaranteed to not go through a bubble burst? They can breathe easiest, according to the PMI listing, in Pittsburgh (5.6 percent), Memphis (5.8 percent), and Indianapolis (5.9 percent). Among western cities, Seattle scored the safest, at 6.4 percent. @: http://money.cnn.com/2005/08/03/real_estate/buying_selling/pmi_riskiest-markets/index.htm
energyi
09/8/2005
11:25
REASSURING? Not to me: Stronger housing market seen Mortgage Bankers group ups its home sales outlook, although it still sees cooling in '06 and '07. July 14, 2005: NEW YORK (CNN/Money) - The Mortgage Bankers Association raised its outlook for home sales through 2007 on Tuesday, although the trade group still sees a slowing in the real estate market in 2006 and 2007. "Housing will continue to be a major contributor to economic growth," said a statement from Doug Duncan, the group's chief economist. "We expect the string of record-high home sales to continue for a fifth consecutive year." The group's forecast said that it now expects existing home sales to be up 2 percent this year, then fall 3 percent in 2006 and decline another 2 percent in 2007. New home sales also are expected to post a 2 percent gain in 2005, then decline by 4 percent in 2006 and about another 3 percent in 2007. In the group's original forecast in January it projected declines in both types of homes sales this year, followed a sharper fall offs in 2006 and 2007, with 2007 sales levels then seen as falling to the 2002 pace of sales. The new forecast projects a stronger employment outlook and a more modest rise in mortgage rates than originally projected, both of which can support continued strength in the housing market. The forecast now calls for the average 30-year fixed-rate mortgage edging up to 5.7 percent in the fourth quarter of 2005 from the current 5.6 percent level. It then sees mortgages at 6.2 percent during the fourth quarter of 2006, and 6.3 percent in late 2007. "Despite a moderate increase from a currently low rate environment, interest rates will still be quite low by historical standards." ...MORE: http://money.cnn.com/2005/07/12/real_estate/housing_forecast/index.htm
energyi
09/8/2005
11:24
The Hurrah seems to have ended, killed off in July.
energyi
07/8/2005
14:57
HiTday, Just joined in with a purchase on Friday
hvs
05/8/2005
23:37
BIG DROPS today... down to support. We should know next wedek if the top is in Watch support levels like: CTX-$71 DHI-$40
energyi
31/7/2005
00:01
Greenspan resists arrest before being handcuffed WASHINGTONâ€"Alan Greenspan was arrested on Monday at the US Federal Reserve and formally charged with killing off large sections of the American middle class after police read the new book “Greenspan’s Fraud” by best-selling author and Economics Professor Ravi Batra. “I have no regrets,” snarled Greenspan as he was led away in handcuffs. “I was only following orders.” Yet the Fed Chairman later broke down and confessed to the crimes, pleading guilty. Greenspan has been killing off the middle class under a succession of US presidents from Ronald Reagan to George W. Bush, according to the new book. He helped extract trillions of dollars from the middle class to sharply enrich the rich and big business. Greenspan catered to the rich and powerful to maintain his lavish appointment as Chairman of the Federal Reserve, helping them shape government and economic policy in their favor. Batra explains how Greenspan’s policies on Social Security, income tax cuts, and the minimum wage are reducing the middle class and leading toward perilous times. Strangely, even as he harmed the middle class and created many economic crises, Greenspan has been worshiped like an oracle or wizard, and adored because he was seen as saving America from various economic crises. Although overall taxes have been reduced since Ronald Reagan, taxes have increased on the poor and been greatly reduced on the wealthy, in a robber baron taxation policy. “Greenspan’s fraud” is mainly a social security fraud which started in 1983 and continues until this day. It was based on Greenspan’s desire to raise revenues for the government without raising overall income taxes, which had been cut sharply mainly to benefit the rich in 1981. Instead of building up a trust fund with money invested on behalf of retired folks, it was used to reduce the Federal deficit. From the beginning, the surplus from the social security trust fund was used to fund the operating expenses of the government, but that was not the intent of the original legislation. These funds were to be collected for retirement, not for the government’s expenses, but the government looted the Trust Fund surplus the moment it appeared. So Greenspan’s fix for social security was a fraud because the public was convinced that the money would be saved in the trust fund while his intentions were to use additional social security revenues to balance the budget. Greenspan also cut interest rates and sharply expanded credit and debt. Wages are the main source of demand. Productivity is the main source of supply. So when wage growth lags productivity growth, there is inadequate demand. And so to shore up demand, debt must be created. Wages can be raised or debt can be created, but raising wages is something the establishment hates, and so they create more and more debt. Thus people borrow huge amounts of money. The debt culture is so strong that despite wages lagging behind productivity, there is an explosion of demand, and so demand is ahead of supply, and that causes the enormous trade deficit in America. But in addition to the wage gap, the big reason for the US trade deficit is that the manufacturing base has been destroyed in the US, and one reason for that is Greenspan’s program of financial deregulation. This financial deregulation enables foreign countries, particularly China and Japan, and foreign nationals to send money into America without any problems, which they couldn’t do in the past. All that money coming into America finances the trade deficit, and allows foreigners to buy government debt, making it possible for Americans to keep on consuming as much as they want. But in the process, because of the trade deficit, US manufacturing is destroyed. And since the US doesn’t manufacture much in America now, this trade deficit is really going to grow over time until there is some major disruption. This process leads to sharply rising corporate profits initially, and such a profit rise creates a stock market bubble, which eventually crashes because one day debt growth slows down. After the recent stock market crash, Batra claims that Greenspan went back to his old machinations to create even more debt. He did that by slashing interest rates drastically. The end result was the economy did stabilize but a real estate bubble developed in the process, and he thinks this bubble will also burst in the next two or three years or maybe even sooner. It is bound to burst because since wages continue to lag productivity, exponential growth in debt is needed for demand-supply balance, and that is simply impossible. So he thinks the next bubble to pop will be the real estate bubble. Batra believes the Iraq war has helped keep the economy going by way of increased spending. He thinks that the US government has now used almost all its defenses against a credit collapse. The 2000 stock market crash occurred because of the falling government deficit. The government began to create a surplus in its budget, and because it shifted from a deficit to the surplus, there was a big fall in debt growth. There is a time when debt growth falls and then there is a crash. Now they have re-inflated the market to another dose of debt creation. In fact there could soon be an inflationary depression resulting from a credit collapse all over the world. It would start out as a recession, but then quickly evolve into a depression because of the bursting of the real estate bubble as well as the Dow. Real estate is now a very serious problem, and Batra believes there is a real estate bubble now. In order to support the economy in the aftermath of a stock market crash, All the increase in the price of houses has enabled households to borrow a lot more money on the basis of their home equity. They are digging themselves into more debt, which means that a larger and larger portion of the income they are going to have to devote to servicing that debt is going to have to continue to rise. What is more likely according to Batra is that there will be a housing default. There will be a crunch in the economy and the politicians will want debt forgiveness but the banks will not go along with that. A depression could be worse than the 1930s. Because every market, every area is in an imbalance. Batra thinks an inflationary depression is a bigger possibility than a major deflation. Inflation is picking up now. Consumer prices are rising at the rate of 4% or 5% per year, and so inflation is coming back. The dollar is under pressure, so he thinks we are likely to see inflation along with a stagnant economy for the rest of this decade. Batra doesn’t think there is going to be a deflation, at least not prior to the collapse. He believes oil prices are going to stay high. Money supply will keep expanding because of Greenspan’s policies, so he doesn’t foresee a deflationary scenario. But he does think a housing collapse could lead to a deflationary collapse in the economy, two years or so after the housing collapse perhaps, but not right away.
scarface01
29/7/2005
17:36
took profits on 40pct - nice move
energyi
20/7/2005
06:04
FURTHER?... to go in the US Bubble, some think "As I have previously argued, however, housing prices are definitely due for a breather here, but who's to say we can't just have a severe and temporary correction here - similar to the severe decline of gold prices from December 1975 to September 1976? Given my global economic slowdown scenario (but not an outright recession), we could very well see a slowdown in homebuilding in the next 12 to 18 months- but a resumption of the uptrend thereafter. This is very much in the cards - as long as the yield of the long bond remains stable at current levels." @: http://www.gold-eagle.com/editorials_05/to071805.html
energyi
18/7/2005
20:20
BOT puts on FRE
energyi
18/7/2005
20:04
shorted toll will add more tommorow lets see what greenspan has to say
scarface01
11/7/2005
17:15
The Hurrah continues, it seems
energyi
11/7/2005
17:06
new high for toll, looking for 58$ for a short
scarface01
05/7/2005
12:15
shorts looking good for this week
scarface01
24/6/2005
18:16
Hope you got your CFC shorts at $40 today Waiting for the retracement on the Builders so I can buy puts
energyi
Chat Pages: 12  11  10  9  8  7  6  5  4  3  2  1
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