REPORT: UK Housebuilding Sector 2Q 2018; and beyond (the World Cup)

Hardman & Co

Video Assistant Referee (VAR):

Hardman & Co Report Report DownloadsThis VAR was conceived in 2010 by the Royal Netherlands Football Association (KNVB) but it was seven years later, in April 2017, that it had its professional club competition debut in the A-League in Australia in a match between Melbourne and Adelaide.

About the same time, at the beginning of the 2017-18 season, it was introduced to top-flight European football by the Bundesliga and Serie A; and, in the UK, in a third-round FA Cup game in January 2018 (between Brighton and Crystal Palace).

In March of this year, the International Football Association Board (IFAB) wrote VAR into the Laws of the Game; albeit its use remains optional for competitions (for example, it is not likely to be used in the English Premier League next season). Thereafter, FIFA officially approved the use of VAR for the 2018 FIFA World Cup in March and the first World Cup penalty awarded – after consultation with a VAR –occurred in France’s 2-1 win against Australia on 16 June.

But it has not had an easy birth and it is accused of “creating as much confusion as clarity” and of interrupting the flow of ‘the beautiful game’. It was the same in rugby union, when the Television Match Official, or TMO, was introduced. Pandemonium at first and now we can’t live without it.

Isn’t it better to have (as near as damn it) confirmation rather than doubt and debate? And FIFA says VAR scores 99.3% accuracy against 95.0% for a human.

It is the same in the UK Housebuilding Sector, where share prices have clearly been adjudicated by a more empyreal VAR…

Share on:

Latest Company News

Graphite’s Strategic Importance Sharpens

Graphite demand is rising with battery production, while supply concentration and policy shifts are reshaping its investment profile.

Accesso Technology Group plc New Payments Strategy Drives Margin Strength and Shareholder Returns (Video)

Richard Jeans of Hardman & Co outlines why Accesso’s partnership with Adyen could significantly increase wallet share across its global venue base. With 85% repeatable revenues, rising cash EBITDA margins and a £14.5m tender offer set to retire around 12.7% of shares, the group combines operational resilience with capital discipline. Despite this, it trades on around 8.5x 2027 earnings, a discount the analyst believes is unwarranted.

Valeura Energy responds to Thailand’s request to support domestic oil aupply

Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) is seeking clarification from Thailand’s Ministry of Energy following a request for domestic producers to delay facility downtime and suspend crude exports amid Middle East supply disruptions.

Copper prices break above US$13,000

Copper’s relevance to electrification and digital infrastructure makes it a strategic consideration for long-term investment narratives.

Geopolitical tensions reinforce gold’s strategic appeal

Heightened geopolitical tensions are reinforcing gold’s role as a strategic hedge as investors navigate currency strength and shifting rate expectations.

Oil rally reinforces energy sector positioning

Oil prices have risen on renewed Middle East tensions, reinforcing the near term earnings outlook for energy producers.

    Search

    Search