non-FTBer Posted June 8, 2006 Share Posted June 8, 2006 TWOD - down 4.72% today!! Thats almost 1/20th of the stock value wiped out this morning. I know that all markets seem to be getting hammered, but what is causing the builders stocks to get whacked even harder than the background market?? Quote Link to comment Share on other sites More sharing options...
teddyboy Posted June 8, 2006 Share Posted June 8, 2006 TWOD - down 4.72% today!! Thats almost 1/20th of the stock value wiped out this morning. I know that all markets seem to be getting hammered, but what is causing the builders stocks to get whacked even harder than the background market?? Who cares ????? TB Quote Link to comment Share on other sites More sharing options...
Jodyapple Posted June 8, 2006 Share Posted June 8, 2006 Who cares ????? TB I do! @ non-FTBer, please can you let me know the web page you pulled this from and if you know if this is just Taylor Woodrow - or the whole new build market? I'm really not very farmiliar with the stockmarket so may need a bit of an idiots guide. Thanks X Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted June 8, 2006 Share Posted June 8, 2006 I do! @ non-FTBer, please can you let me know the web page you pulled this from and if you know if this is just Taylor Woodrow - or the whole new build market? I'm really not very farmiliar with the stockmarket so may need a bit of an idiots guide. Thanks X BARRATT DEV PLC (BDEV.L)At 9:52AM : 839.00 p 42.00 (4.77%) BERKELEY GRP UTS (BKG.L)At 9:51AM : 1,065.00 p 38.00 (3.45%) G WIMPEY PLC (WMPY.L)At 9:52AM : 407.50 p 20.00 (4.68%) PERSIMMON PLC (PSN.L)At 9:53AM : 1,104.00 p 46.00 (4.00%) TAYLOR WOODROW (TWOD.L)At 9:52AM : 303.25 p 14.50 (4.56%) Quote Link to comment Share on other sites More sharing options...
non-FTBer Posted June 8, 2006 Author Share Posted June 8, 2006 I do! @ non-FTBer, please can you let me know the web page you pulled this from and if you know if this is just Taylor Woodrow - or the whole new build market? I'm really not very farmiliar with the stockmarket so may need a bit of an idiots guide. Thanks X All builders seem to be getting hit this morning, whether it will continue I don't know. I don't actually watch the builders too closely. Try FT.com for a good analytical charting engine, and data source. Summary of a few builders today: * TWOD: -4.56% * WMPY: -4.57% * BVS (Bovis): -2.89% * BDEV (Barratt): -4.61% * PSN (Persimmon): -4.00% FTSE is down 2% ish, so most of the big builders stocks seem to have lost 2.5% more than the overall FTSE falls. Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted June 8, 2006 Share Posted June 8, 2006 (edited) A lot of the stock market volatility is caused by the financial guys wising up to the end of cheap money. For some reason, they have been in denial about this and the effects of it until recently. With a global house price bubble and rising interest rates - finance costs, builders are looking like a very bad investment. As is property in general. People on here have been predicting most of this for months before the so called "experts" even realised what was happening. Very bad for UK property though all this Oh dear, that is what 80% of our pathetic economy is based on, so we may be in for a choppy few years Can only go up though, right? Edited June 8, 2006 by BubbleTurbo Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted June 8, 2006 Share Posted June 8, 2006 Builders get hit hard when the FTSE slumps. They tend to recover quickly, but not to their previous level. From what I've seen. Bubb follows it more closely than me! Quote Link to comment Share on other sites More sharing options...
bubbleturbo Posted June 8, 2006 Share Posted June 8, 2006 Is it possible the markets have got wind of the B of E decision and it is up?? All the builders are taking a total PASTING!!! Quote Link to comment Share on other sites More sharing options...
erd Posted June 8, 2006 Share Posted June 8, 2006 TWOD - down 4.72% today!! I know that all markets seem to be getting hammered, but what is causing the builders stocks to get whacked even harder than the background market?? Looking at the 12 month picture http://uk.finance.yahoo.com/q/bc?s=TWOD.L&...l=on&z=m&q=l&c= it got a huge 50% spike, so not surprising that it has gone back down. Question should be why did it go up so much in response to a 1/4% drop in interest rates? It is not alone though, the other builders equally took on large leaps and have been in retreat ever since. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted June 8, 2006 Share Posted June 8, 2006 waiting for gordon brown is making his face purple as by the time TB lets him in. rising IRs will be here. leaving gb to waffle and huff his way around number 10, while houses and economic miracles fall around. if it wasnt so serious, it would be funny. Quote Link to comment Share on other sites More sharing options...
non-FTBer Posted June 8, 2006 Author Share Posted June 8, 2006 waiting for gordon brown is making his face purple as by the time TB lets him in. rising IRs will be here. leaving gb to waffle and huff his way around number 10, while houses and economic miracles fall around. if it wasnt so serious, it would be funny. Its still funny. Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted June 8, 2006 Share Posted June 8, 2006 Is it possible the markets have got wind of the B of E decision and it is up?? All the builders are taking a total PASTING!!! Stench of corruption if rates do go up today. Quote Link to comment Share on other sites More sharing options...
Jodyapple Posted June 8, 2006 Share Posted June 8, 2006 Its still funny. Thanks for the extra info. I'm new to all this so some of it still seems like a foreign language! Quote Link to comment Share on other sites More sharing options...
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