Saturday, November 17, 2007

Further negative momentum

British Land set to pounce if property prices wobble

"Mr Hester said that commercial property prices generally were falling. Further sharp drops were expected as the sector struggled with wider macro-economic uncertainties. “I cannot say definitively where or when it will end,” he added" C'mon BTLers, exit now before the market across the board becomes a falling knife

Posted by confused76 @ 09:07 PM (743 views)
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3 thoughts on “Further negative momentum

  • [url=”http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/23148/twelve_month.stm”]British Land[/url]

    Looking good!

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  • tyrellcorporation says:

    I’d be selling my shares in British Land pretty sharpish if I heard them make a statement like that. At what stage to they pile in with their £2 billion? As we;ve found out over the last few years, ‘calling’ the UK property market is virtually impossible. Peak to trough may take 4-5 years. I think this statement is just a cynical publicity stunt to inject a bit of excitement into a market looking very dicey.

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  • Ihopeitgoeswithabang says:

    Well he couldnt possibly say anything else could he?
    If he said it’s looking bleak and I can’t see what is worth buying the share price would take a hit.
    The number 1 priority in his position is to install confidence in his company and protect its share price.
    What he says doesn’t make much sense, but then he has no choice does he?

    They have all their eggs in one basket, no matter what the state of his basket is he is always going to have to say there is room for more.

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