Oh dear, two large companies combine and, like an intergalactic "event" only negative matter remains....a case of 1 + 1 = 0.2

Let me say - sp a year ago was 10x today's - so this business has earned its place in the 90% club....and maybe more to come, as they will need to go overseas for cash, if the UK is dry.

I doubt there is a UK Builder with enough dosh to bail-out this dullard. They all thought they could expand until the UK burst with immigrants - yet they consistently went for pricier properties and projects where ( even now), there is some doubt whether there are enough jobs to support new-build developments.

EDIT ( Nov 2015 ) - Seven years on and we're at 183p - so anyone that bought at the all-time Low has done very well - but the Market was fearful and that meant few were Buying. 2009/2010 averaged about 40p - that was a good time if you had the LT cash.
With the rise and yield-multiplier effect, this is looking like Buying it was "probably" inspired.... but it has not regained that earlier Value - which will surely take a lot longer.

i've just added more into pension

Good keep buying millions , i bought these as a trade when they went down a few weeks back and they won't move nearly sold out today.

DOG !!!!!

Why the price drop.

What am I missing!

Projected EPS increasing.

Yield projection increasings.

Is it fright over housing bubble?

Took advantage of the large fall and got some at just under 108p

One report said hard to find skilled labour ! i can't believe that ,typical markets .

Fred1new

ref - why the price drop

The market is well down today but also there has been some negative comments recently, below one late yesterday ......


Housebuilders fall after report highlights "panic" over house prices
By Ceri Jones | Mon, 7th April 2014 - 16:45

Housebuilders Barratt Developments (BDEV), Countrywide (CWD1) and Persimmon (PSN), and online estate agency Rightmove (RMV), fell by an average of around 3% today which has been attributed to a report by HomeOwners' Alliance which caused panic about the rapid rise in house prices across the UK.

The group said that more people now think excessive house prices are a "very serious issue". Most homeowners are now more worried about surging house prices than negative equity, and this sentiment is not limited to London but is spreading across the country, the Owners' Alliance poll of 2500-plus people found.

Still, it is hard to square why the findings should have so sharply pulled down the housebuilders' stock prices today. In terms of stoking the housing market, it should be a help, not a hindrance, that prospective homeowners in 10 out of the 12 UK regions are concerned about accelerating house prices and the scarcity of homes. Surely lack of supply is a very good sign for any product provider?

Perhaps lenders are suddenly planning to rein in mortgage approvals owing to fears of a housing bubble? However, the Help to Buy scheme has been extended to 2020 and the general economic backdrop is clearly improving, while the Chartered Institute of Purchasing & Supply's latest data portrays industry sentiment at its most upbeat since before the credit crunch.

Additional factors at play
There are almost certainly additional factors at play. In part the fall in housing shares will be a knock-on effect of the fall in tech stocks in the US as investors come to their senses about over-optimistic tech valuations, and all investors take a step back and try to not let sentiment outrun events.

It could also be a result of emerging capacity constraints in the building trade and delays in the supply chain. Building skills are in short supply and the availability of subcontractors had fallen at its fastest pace for 14 years, according to survey compiler Markit. Construction firms have also been having to wait longer for raw materials.

The third concern is the market conditions that will be created when the government exits from that other mortgage stimulus it has set up - the three-year mortgage guarantee scheme. Financial secretary to the Treasury Sajid Javid has tried to assure the market that mechanisms that will be deployed to phase out the scheme. At any rate, it is still some time away.

Meanwhile, there is every chance that the market could stop its recent escalation in a moderate fashion. Two recent surveys from Nationwide and Halifax building societies both found that although property values continued to accelerate last month, in London soaring by 18.2% in the year to March according Nationwide, both reports said there was evidence of a slowdown last month in the rate at which property values were rising.

Halifax even said property values fell 1.1% in March compared with February. So the market may not continue to escalate out of hand.

Barratt, in the firing line for any withdrawal of first-time buyer lending, was the biggest faller in the sector, tumbling 4.5% to 391.60p, against a 52-week high of 455.40p

Panto,

Thanks for the miserable report.

Rings true with some of my guesses.

Patience is needed.

I hope that is all!

Have a better day than mine!

Over done?

I've just had a dabble @107.70.

On edit :- its probably an irrational trade as the indicators look dire!

Good buy in my eyes skinny i was in at 114 so down for me but not bothered ,not happy with my entry on BOK though jumped the gun a bit there . Looking for other bargains myself now.

Well, Skinny, it goes xd tomorrow, so you'll get that.
All housebuilders in the same boat today.

Intraday chart looks promising as I can see an ..........

INVERTED HEAD & SHOULDERS

Deutsche Bank Buy 109.30 109.30 158.00 158.00 Reiterates

A nice GAP up at the start of the day and further going rise since to 111.35p

considering it has gone X- dividend today

Wednesday 9th - Taylor Wimpey PLC [TW.] (0.47 p)

that is a rise of 2.90p

she went over 113p at one time, some profit taking since

btw the 0.47p divident to be paid on the 21st of May

And then theres me still holding this one short... I just don't see the attraction right now..

Holders can also look forward to:

Special divi of 1.54p - xd 4 June - payday 3 July

Do I see a desesperado STAKER around?

not everyone has the right timing I would say, and now is talking nonsense

supper day up to 114p at one time

I can think of a number of stocks or even sectors which would make much better shorting targets

cynic

It seems the last comment from you supporting the - shorter - does not merit more talk about.

Has been talking from his backside for a few days now, mainly see post 735
its all about IMG and now comes with TW., enought said.
--------------
another 1.50p up for the day after reaching 116p at one time