UK Housebuilding Sector: Q1 2017 “Births, Brexit, Bovis bids”

Hardman & Co

Hardman &Amp; Co Report Report DownloadsBaron King of Lothbury, also known as Mervyn King former Governor of the Bank of England, is married to Barbara, a Finnish lady. She was his girlfriend in 1970 but distance and steam-driven telecoms conspired to keep them apart. Barbara went on to marry someone else and divorce – before being reunited with King in the late 1990s. They married in 2007 and King, who had never had children, was presented with two step-children and four grandchildren; and, in a Sunday Times interview, he quoted the Finnish apothegm “Grandchildren are the dessert of life”.

Housebuilding SectorI very recently joined this rather large club and my Granddaughter, Phoebe, was one month old in March. The month also marked the 60th anniversary of The Treaty of Rome and it was the same one in which the UK invoked Article 50. Until the Treaty of Lisbon in December 2007, there was no legal means for a member state to leave the EU. The Rome convention sired the Lisbon accord which, in due course, begat third generation Article 50.

In the two trading days following the Brexit vote i.e. 24 and 27 June last year (with a weekend in between), the UK Housebuilding Sector lost 36% of its value and at one stage was discounted by almost 40%. But investors in UK housebuilders are clearly familial and, after a lengthy gestation, through 23 March 2017, the Sector nudged back above its 23 June 2016 level with an average gain of 81% in share prices across 16 companies…

Share on:

Latest Company News

Namibia’s oil and gas map sharpens focus on emerging investment opportunity

Namibia’s new oil and gas activity map gives investors a clearer view of key blocks, discoveries and operator activity as the country advances towards first oil.

Valeura strengthens Nong Yao position with completed drilling campaign

Valeura’s completed Nong Yao drilling campaign has lifted production, added new reservoir information and introduced multi-lateral drilling to support future offshore development.

Likewise targets scale as revenue momentum continues

Likewise Group has reported higher revenue, planned capacity growth and confidence in meeting 2026 market expectations.

itim Group’s award win strengthens its retail technology case

itim Group’s award win with The Entertainer gives investors a clear proof point for its retail technology credibility.

Cerillion’s Sinal project points to scalable demand in fibre software

Cerillion’s Sinal project shows how its software supports fibre expansion, acquisition integration and operational control for telecoms infrastructure operators.

Battery storage is becoming essential for data centre power

Battery storage is becoming a practical solution for data centres and other power-intensive assets that need dependable electricity and better control over energy costs.

    Search