Mixed messages abound. Considering that the majority view on this board is that btl doesn't stack up any more as a business it is amazing that the share price of major btl lender Paragon should be at its highest for at least 5 years! Likewise house builder Barratt Developments!

Personally, I've bought into all the major arguments for an HPC but this doesn't seem to be priced into associated stocks yet - baffling!

It's definitely thought provoking isn't it?

Very interesting. I think we're all expecting this to come down sooner rthaer than later - they (paragon) make their money by selling btl mortgages and if the demand falls then so'll their share price.

That;s my logic anyway - I wouldn't buy shares in them

the price is looking tired.


...as is barratt etc.

travis perkins results yesterday were awful,so the builders won't be too far behind...the only thing in major builders favour is they have a bit of overseas land bank....but that will be turning down shortly.

....the likes of wickes,jewson etc serve as a pretty good precursor.

All the major builders have spiked up in price Fri/Today. They don't look tired to me. What on the charts indicates "tiredness" ?

Not surprised they shot up today. Anyone seen their results? I thought they were quite solid.