nice starting point..

i don't see KB telling me that perhaps that wasn't such a bad thought of mine after all ...... shame i didn't follow my own gut feeling too, but as am travelling, prudence was wiser


for the record, both BDEV and WOS seem to have stormed away in the last couple of days

Savills (SVS)
i'm surprised there's no thread for this leading estate agent, so perhaps i should start one.
anyway, a mention here is scarcely out of place.
unequivocally the housing market is starting to recover.
up to now, i/we have only concentrated on housebuilders and associated companies (WOS), but of course estate agents are of course a key element in the process.

SVS sp has recovered sharply from its lows, but is still a long way off its highs (see chart below).
trading volumes are very variable, sometimes with just say 300k traded, and at other times, over 1m, as has happened today
EMS is 5000, so reasonably liquid

while admitting that the markets overall are performing strongly - still feels like something of an indian rope trick - it is good to report that

BDEV has recovered virtually all the ground it lost following rns re share placvement or similar to raise funds

RDW and SVS are both in the money

WOS, being the only one of the above where i did nothing, is also pretty much where it was

I like TW. Looks like a nice upward trend...

no reason to disagree ..... it just wasn't one that i contemplated, for no particular reason

Keep an eye on it cynic ,it takes mini steps forward. I like BDEV and RDW also but havn't bought any yet.

i know i should start a new thread, so sorry about that .....

RDW has been a star perfomer this week from my little batch of RDW, BDEV and WOS (didn't do those), but sp could now stall as chart indicates

Yes start a new thread cynic ,i'm interested in all the house builders ,only in TW. at the moment but positive housing news from the US today i'm thinking they are all worth a look .

Redrow has resumed work on nearly all of the projects it mothballed here in Wales last year at the height of the recession, so it is looking good for the industry again.

sorry guys, but too damn busy ..... economic recovery under way!
i almost just picked RDW out of the hat as one of the housebuilders which had been totally hammered over the last yeasr or so

where's that raddled tart KB? ...... amazing how quiet some vitriolic and noisy people get when they are shown to be wrong

FT Comment
Bovis has joined Berkeley and Bellway in a select club: UK housebuilders with net cash. That is a good position to be in at a time when the opportunities for buying builders key material land are reckoned to be the best in a generation. Bovis is hobbled compared with the other two by the fact that its cash flow-based banking covenants restrict its ability to spend big, but renegotiation of these will start in the next few months. There are cheaper picks for investors among the housebuilders now Taylor Wimpey and Barratt Developments are priced at less than half the value of their net assets but in normal times housebuilders will sit at twice net asset value. Bovis is still only at 1.02.

All the housebuilders coming back strong today.

see post 26 for chart - shall sleep on it, but think i may well be back in for a slice in the morning

Barratts in rights issue.

these are gonna fly BUY BUY and BUY

WHEN, WHEN, WHENNNNNNNNNNNN!

Taylor Wimpy is turning ,,bit of a bear squeeze .

see i told you so....

these will fly BUY BUY and BUY