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Housebuilder Shares Soaring since budget....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Housebuilders up sharply since the budget:
Barratt 4.91%
Taylor Wimpey 4.19%
Persimmon 3.69%
Not good news for the crashaholics......
Barratt 4.91%
Taylor Wimpey 4.19%
Persimmon 3.69%
Not good news for the crashaholics......
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Put a link in so we can monitor:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
why would there shares go up coz of the budget?0
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Euphoria1z wrote: »why would there shares go up coz of the budget?
VAT increase will make renovations more expensive, but new-builds will be relatively cheaper (VAT exempt).
We are still going to have a price crash though.. it's already happening.0 -
They have lost 40% of their value in the last 12 months:cool:
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Euphoria1z wrote: »why would there shares go up coz of the budget?
The share price is linked to the prospects for the housing market.
Investors liked what they saw in todays budget. Not as much pain as forecast, spread more widely, and almost nothing that will impact house prices.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Wake me up when they actually start building houses again.0
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Suits me just fine if they never do.....
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Surely this is in anticipation of them building more houses and making more money, wouldn't this enhance the supply and put a downward pressure on houses? It was only the other day somebody was posting that Tory policies were stopping new developments due to putting NIMBYs in charge etc. I'm confused.0
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HAMISH_MCTAVISH wrote: »Suits me just fine if they never do.....
I'm sure your neices and nephews will be delighted.0 -
TW lost about 38% of their value from April 2010 to June 2010. Since then it's bounced about 9%. I think the "crashaholics" would be pretty pleased with that as a leading indicator.
Olly## No signature by order of the management ##0
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