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HOUSE BUILDING SURPLUS AT LAST HOORAY!!
CUEBALL
Posted: 23 September 2016 20:19:34(UTC)
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YOU'D THINK SO LOOKING AT THE SHARE PRICES...

WHAT YOU WAITING FOR THEN ?....

VERA (OFF THE NUMBER 9)

CUEBALL
Posted: 23 September 2016 20:33:37(UTC)
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....Apologies for that ...but don't shoot the messenger 'bin doin' my bit TW ..GLEESON..GFRD
as you know........and all their suppliers
x
Jon Snow
Posted: 23 September 2016 22:01:33(UTC)
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Cuey,

Where's the land "suddenly" coming from for your bricks and pipes to be used on?
CUEBALL
Posted: 24 September 2016 10:39:05(UTC)
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I don't think supply of land is the immediate concern ....on a personal note recently had yet another letter drop on my doorstep enquiring as to whether I would be prepared to sell (and not from an estate agent ) ...other's look to "past cycles"...current conditions? ....not in my lifetime
srg751
Posted: 25 September 2016 01:34:30(UTC)
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Jon Snow;37711 wrote:
Cuey,

Where's the land "suddenly" coming from for your bricks and pipes to be used on?



Builders have been acquiring and stockpiling it for 8 years. Bought at 'sale' prices. Some are now using it as a second revenue stream, selling plots to other builders.
Take a look at Inlands books.
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CUEBALL on 25/09/2016(UTC)
CUEBALL
Posted: 25 September 2016 09:21:23(UTC)
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.....send for Jimmy Nail......people have short memories.....we re-built Germany ......
Alan Selwood
Posted: 25 September 2016 10:30:47(UTC)
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There was a very comprehensive article about house-builders in Investors Chronicle dated 23/09/2016.

It showed the relative risk of downturn v. future gains of a number of house-builders, and various metrics for each one, from the basic P/E ratio to many much more complex ones. Also the NAV calculations for each builder on the list over the last few years. Overall, it seemed to conclude that the biggest influence on profitability and share prices was the rising sale price of houses, and the biggest downside was falling house prices followed by increased build costs.

All as you might expect, but clearly laid out. Well worth a read IMHO.
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Jeff Liddiard on 25/09/2016(UTC), Guest on 28/09/2016(UTC)
srg751
Posted: 25 September 2016 19:45:21(UTC)
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Gleeson results Monday.... And Wolsley results Tuesday.
SP reaction won't tell us a lot. But look at the numbers.
Jon Snow
Posted: 25 September 2016 22:14:26(UTC)
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I simplify to make my point.

Those big, out of town, out of favour hyper/supermarkets/parking spaces that still own their property, they could have some pretty valuable land if it could be passed for housing....

I recall, back in the day, Ken M liked to own his own properties before the smart guys appeared and said oh no, Opco and Propco is the future and so Propco gets spun off.

Sainsburys did the same, it seemed such a clever thing to do at the time.... what could go wrong, the SP is supported by our P/E not our boring tangible assets.
Jon Snow
Posted: 25 September 2016 22:17:33(UTC)
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srg751;37767 wrote:


Gleeson results Monday.... And Wolsley results Tuesday.
SP reaction won't tell us a lot. But look at the numbers.


Which ones in particular ?

The Wolseley UK business would be my suggestion.
srg751
Posted: 26 September 2016 00:01:29(UTC)
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Gleesons profits should be outstanding. Northern focused targeting first and second time buyers. Great long term hold.

Wolseley however, 11mil mkt cap (massive co) will tell us if the construction programmes are rising or falling. Not a company I hold for various reasons but it's numbers will tell us a lot more than some of these fingers in the air.
CUEBALL
Posted: 26 September 2016 08:26:29(UTC)
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Glee .....Its official ...the "north" is an island .....today's trading makes no sense ...

Reassuringly...lol
x
CUEBALL
Posted: 26 September 2016 14:29:31(UTC)
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The Trials and Tribulations of a 'small' investor....


...AW NO!!!..what shall i do what shall i do .....what shall i do ....why 'thi' down why thi down why thi down

.....makes no sense makes no sense makes no....

....buy high sell low ..buy high sell low....err that's not it ...

....what is it?

oh 'yeah'..sell high buy low ...that's it....that's it

but it's so haaaaaard what if.. what if ...what if .....AW NOOOOO!!!!!!!

"WHAT ON EARTH'S THE MATTER CUEBALL?"

Wall st ..down...Wall st down Wall st down ....debate tonight debate tonight debate tonight..

.."I'm sending for an ambulance"....

..no need for that just put Perry Como on ....

..."it's impossible.. ask a baby not to cry..it's just impossible...........and tomorrow should you ask me for the world somehow i'd get it...it's impossible...and a second that i never think of you ......

It's just impossible!!" ...X





"More tripe with your vinegar 'C'..?

OOOOH!!

xxx
Tony Peterson
Posted: 26 September 2016 19:49:00(UTC)
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Persimmon seeds would go very nicely with the tripe.
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CUEBALL on 26/09/2016(UTC), srg751 on 26/09/2016(UTC)
srg751
Posted: 26 September 2016 22:30:29(UTC)
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Gleeson......50% in under 3 months......... Well done Cuey.

You'll be sat here on the beach in Aruba with me in the time it takes to say "up the builderrrrrrrrs" !!

(Wife's 60th, It's not a regular occurrence. Ha ...)
CUEBALL
Posted: 27 September 2016 11:00:35(UTC)
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Not quite got the 'spends' I thought I had (Wolseley) I find the reaction (over) to what are essentially good results this morning ...well....buying opportunity for 'real' investors..

As regards Gleeson ..watch Mills'y....... come to think of it when you 'do' look at the content of BOTH his funds and the 'protection' they afford (How many more times)...well ....work it out....

x
Tony Peterson
Posted: 27 September 2016 15:48:23(UTC)
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Cuey,

Isn't it awful the way these builders, like the miners, bounce around? Bloody shameful.

There has to be some way of turning a fast buck from such gyrations. Isn't there?

And by the way happy birthday, belated, to Mrs srg 725. Hope you have as much fun in your sixties as we had in ours. Take care of your knees though.
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srg751 on 27/09/2016(UTC)
CUEBALL
Posted: 27 September 2016 17:11:46(UTC)
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..you might be onto something there T...

X
CUEBALL
Posted: 27 September 2016 17:21:10(UTC)
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...You from pennsylvania Stevie? ..love to all your wives....lol
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srg751 on 27/09/2016(UTC)
Tony Peterson
Posted: 27 September 2016 19:20:43(UTC)
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I thought the polyamorous morons lived in Utah?
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CUEBALL on 28/09/2016(UTC)
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