nice starting point..

pth
i think you have summed it up very well. lets sit back and wait for those easier ones to materialise.they always do, eventually, as i am sure you know.
regards
jkd

CC

I think I was quite clear, from my perspective it's not worth investing in or trading at the moment. You go off and buy your Premium Bonds.

PS If you want investment advice, best you pay for it.

ptholden - Ok any other pearls of wisdom you would like to share, that are totally irrelevant and not worth investing in or trading at the moment?

CC - For your information, I was responding to comments made by Hyleo and Cynic re the merits of BDEV, ie, offering an opinion (FWIW) on a public financial BB (which is apparently the main purpose of such a forum).

Now if you don't agree or like what I post, the answers are quite simple; either squelch me or just fuck off, I don't really care which.

When you have something to offer, please let me know, I'll be all ears.

ptholden - Charming - Hyleo and Cynic must be feeling really grateful to hear your wonderful opinion (verbal shite) (FWIW) re the merits of BDEV.

CC - Are you for real? You take a critical pop, dripping with sarcasm (I'm not a stranger to such myself) elicit a negative response and then you're surprised?

Good grief, I wonder why I bother.

BTW, if you ever feel you can offer something useful or informative to this BB, don't be shy ;)

ptholden - I aplogise mate! Had one on me last night, didn't mean to take it out on you!

CC - Apology accepted, hope you have a better day today.

figures look good to me - which means shares will get dumped out of perversity!

I agree, numbers look ok - debt sl better than expected, order book and margins up slightly.... nothing new for the many shorters to jump on ?

More housebuilder results coming up, further "constructive" (!) comments confirming the slow turnaround should help.

NAV 210p, so unless more landbank -ve revals etc pretty cheap. Just the double dip to worry about then....

Just browsing at land prices and came across this prime plot of land in Grantham>
.
Size: 0.6 acre
Land Type: Residential Development
Planning Permission: Detailed Planning Permission
Description: This DPP is for 5 town houses over 2.5 floors in a conservation area in the town centre. The price includes an end terrace house with 6 double bedrooms. This is at the main entrance to the site.
Guide Price: 900,000
Now I have no further info about the Development but I would guess you would need to find a total of around 1.7-1.8ml to see the project throughand that is with good Merchants accounts.also a lot of pound notes sitting around from start to marketing and sell .plenty of work with time scales of completion from six months - ?.and marginscould be fu*k all
Now from a thickos point of view900,000 suggests that land is still not at a realistic price Barratts and other large house Builders with far larger projects have not written down their land banks sufficientlyI believe it was around billion BDEV last yearit is no coincidence that Builders Merchants are suffering big timewhich suggest to me a few more years of pain to large developers add to the fact they are continually finding it difficult to bankroll projects on any terms then end up virtually devalued on projected completion estimatesas opposed to the plus 10-20% increases they enjoyed in the past prompting sells at plan stage...I have not read their half year report and sector to swerve I fear!

prime plot in Grantham? ..... an oxymoron of the first order!

Ok CynicIm sure you get my meaning.

you do have a way with words cynic.......

My fault Balershould have found a nice plot in Slough.then he could have left the oxy off.

except they would have called it Farnham Common!
i take it you are not enamoured of housebuilders ..... i happen not to concur

Cynicnot at all true.I thank them dearly for building my houseI just believe they were caught out being a little greedyaccumulating large land banksnine times out of tenwith inviting backhandersand buying friends in Councils.they will be back in vogue.

And let me make this crystal clearBarratts did not build my housejust trumping any funnies!.

Broker note from Panmure Gordon today:
"We have upgraded our recommendation on Barratt from Hold to Buy following its interim results. While markets remain fragile, the group has clearly benefited from improving market conditions over the past few months and an ongoing focus on cost and efficiencies. Our target price has moved from 172p to 180p and reflects a 15% discount to our FY 2010E NAV of 210p."

I posted this on another thread 2 days ago.---'I struggle to understand broker recommendations, today Panmure Gordon have a hold rating on BDEV and a target price fully 50p above it's current level of 121p, why not a buy? I don't hold these or any hb's for that matter, I still feel there is more downside to come.'
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