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Good morning

6/28 red, but a b. better than the end of the market yesterday.

Skinny, you posted earlier that you had ignored "Builders".

One of my reasons, as well as being stupid, for being a little too heavy in this sector are the yields on some.

Hope over a period, to get rewards.

All of mine blue or flat apart from SFR but tbh I suspect I'm still down after yesterday. Not by much though as NMCN which was NMD to the rescue.

I think Fred you will be ok with the builders long term. Certainly any resolution to Brexit will be a positive as consumers are clearly holding back on expenditure (which is presumably going to savings). I think it's reached a point that even a hard Brexit (not that I want that) isn't going to be so damaging as much of it is already in expectations.

Further I think there will be a move to a higher proportion of houses being built by the big developers as availability of finance in the AFM dries up. Interesting article on one lender in this sector
I worry we have hit the tulip point on AFM.

My guesses are similar.

I think the large builders have enough cash in hand for a down period of 2years and there is an ongoing "need" of housing. At what prices not certain. But expect, unless it is a very soft or no exit, then the UK economy and the pound will drop like lead weights for a couple of years.

Is a pound in an ongoing "business" or "industry" worth more than a pound in the bank.
(Which sectors? Noticed Skinny buying CNA.)
Don't know!

Fred - I didn't ignore the builders as such, I just wasn't wasn't watching them over the last couple of months - one of my larger holdings is JLG.


As I posted (somewhere) I've been moving into REITS in my SIPP, IMO - worth a look.

Tata Motors posts record $4 billion loss on Jaguar woes, shares crash

Winners of the 2019 International Garden Photographer of the Year Competition

skinny,

Thanks.

I have skimmed the 350 REITS.

Interesting, I will wait a while with cash in hand.

CAD Employment Change 66.8K 6.5K 9.3K

CAD Unemployment Rate 5.8% 5.7% 5.6%

12/28 red.

Val down.

Not my best week.

Morning

Good morning!

Morning all... again.

Thought I had got up again!

😃

Not a very enjoyable day!!!!!