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Quote from Link;
We will build one million new genuinely affordable homes over 10 years, and ensure every council every year builds or commissions Labour’s new affordable homes.
Who is "We" ?
Who is Labour going to get to build them for an all in price (plot & house) of £83k ?
Hi johnson,
It's not an all in price but Govt backing towards building ' affordable houses '.
The details are all in the Green Paper and is very detailed and comprehensive. It mentions modular homes etc... and the establishment of an English Sovereign Land Trust.
The slums and no go areas of tomorrow
Barratts Chief Exec says ' Typically the Labour Party is very strong on the requirements for the provision of Housing .
We are just a housebuilder and just want to build houses. Labours manifesto is very sensible on housing issues '.
Builders margins are too high, giving massive bonuses for directors and excessive dividends for shareholders. What the country needs is lower margin affordable houses, not high margin executive houses.
If you feel that way, why are "YOU" investing in house builders or have you sold out ? What a hypicritacle thing to say.
Owls by the way, you come on our board now and again and throw a spanner in the works and I love your last effort where you complain about "margins are too high, giving massive bonuses for directors and excessive dividends for shareholders. What the country needs is lower margin"
I just looked at your last post on EZJ where you stated :-
"Purely based on momentum, especially 2 months momentum. Tends to be successful 2 times out of 3 and has generated me returns of over 10% on average for many years. I hold for a year and then sell"
And you have the nerve to come on our board to complain when YOU are doing exactly what you are condemning the house builders for, IE making a bit when they can. You are a disgrace to say the least.
Hi Tom
I'm keeping out of this one there are certainly some about at the moment.
What was your advice earlier "chill man" :))
Hi Tom,
What a hoot - Don't you recall pulling Ben up about spelling mistakes - HYPOCRITICAL.
Hi Bamps - DIVISIVE but agree regards Brexit - just a means to divide and rule.
Maybe a bit of respect for others differing points of view might be in order.
ATB
Troubles hi, whoops miss type, i next to the o.
Bet The owl will attack, claws full extended, right hoot what.
Have Good w/e
Tom:-)
Wow nature at its worse ! glad im not in that box .
TomE, I think you need to chill a bit. As I have mentioned before I base all my share price purchases on momentum. I agree that Easyjet are not a very ethical company, if I based my share investments on ethics I think I'd struggle to find any company to invest in. I make decent returns and any surplus profits I give to a CLL charity as I suffer from this condition.
I didn't condemn the housebuilders, I stated that margins are too high. I hope that the government does something about this so that houses are affordable for the average working person.
You assure me that builders do not have high profit margins. How do they make big profits if they don't have high margins?
As for "bonuses are not excessive" then you must believe the £110m for the Persimmon CEO was not excessive.
Owl you seem to have missed the point. Your post was very negative against house builders in general and my point is Why do you invest in a company that you feel their margins are excessive. I was referring to TW not PSN.
I can assur you that none of our board get anything near £100 million bonus.
If you feel so strong against house builders why do you invest in them ?????? you invest also in EZJ are they also tarred with the same brush.
Hi Owls
Psn Boss got £70m and lost his job as did the remuneration committee who set the conditions of the bonus.
Builders profits are high but you could argue that they are need to be to cover the expected Slump (that the market expects).
All created by the Govt anyway, via Banking crisis putting so many builders out of work, leading to the current housing shortage. We need less Govt interference, not more.
BoL
Hi all
Anyone any idea for the big rise today. Only news I could figure is Farage not contesting Con seats, which I hardly think justifies 3% av rise.
Long may it continue (whatever it is), need to make a new investment plan.
BoL
Ps
Got Relative Strength Graphs working again, need to check they are right and what they mean, before I can scatter some more pearls of wisdom!
BoL
https://www.insidehousing.co.uk/news/contractors-urged-to-wake-up-in-bid-to-meet-zero-carbon-target-64113
https://www.building.co.uk/news/spend-billions-on-zero-carbon-initiatives-urges-nfb-report/5102641.article
Seems Builders are asking for far more Govt involvement in order to address climate change issues.
Rise yesterday may have been due to a perceived lessening of risk regards Brexit uncertainty but a realisation then of an increased possibility of a collapse of trade deals with the EU in 12 months time should the unholy alliance be succesful.
In addition, there may have been some relief that a technical recession was avoided but GDP overall growth worst in 10 years - hope everyone is managing to stay ' dry '.
As I stated I invest in companies based on momentum, not fundamentals or ethics.
I was responding to the comment about affordable housing which I agree with. I assume that to make houses more affordable then the price of those houses would have to be reduced and as a consequence housebuilders profits would drop.
Hi Owls
The only issue is who is going to build them..? If margins lower the big builders won't want to do it, and basically there isn't enough labour available to build them. This all needs planning, more apprenticeships... which could take years, (unless you prioritise and import thousands of Poles or whatever).
We don't even have the capacity to produce the materials now (psn new brickworks, timber frames...)
BoL
Hi Nige,
Agree, but there has to be some Govt involvement with a carrot and stick approach regards land purchase and closing down loopholes regards affordable housing and essentially bringing the various parties together in an integrated and comprehensive plan.
Workforce and materials shortages are a real problem as are issues around climate change but just ignoring them means the situation and hopes and aspirations for many are inevitably just going to get worse, as in most other sectors.
BoL
Nige Hi, after reading the trading update :-
Just a few small points re the post the other day in respects to margins / profit etc.
1. Lower operating margins than we guided at the half year.
2. Operating profit is defined as profit on ordinary activities BEFORE net finance costs, exceptional items and tax, after share of results of joint ventures.
3. Customer satisfaction as important and are pleased that recent performance is back at a five-star level.
4. Payment of c. £600 million of dividends to shareholders in 2019.
5. Commitment to returning c.£610 million by way of total dividend to shareholders in 2020."
Nothing to complain about that for sure :-)
ATB
Tom :-)
Hi Troubles
My main point is Govt and Builders must work together, not against each other (Brokensh*t).
Hi Tom
In line with expectations - not great, small inc in Divis, dec margin.
Now 166 so not much affect on Sp.
BoL