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underg

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Everything posted by underg

  1. todays article on IG says some cash rich companies will not have to cut divis and will survive including barrat,berkeley persimmon,taylor,however it contrasts with this analysis by UBS analysts that more housebuilders will cut divis: Uk Homebuilders: Save That Cash (1240 Gmt) There's been quite a lot of dividend cancellations among UK homebuilders: Crest Nicholson, McCarthy and Stone to name a few. ... "We think others in the sector will follow to suspend / postpone dividends for the timebeing to protect balance sheets in these uncertain circumstances," write UBS analysts. "Focus will now shift to cash burn in an scenario where business grinds to a halt," it adds. Highly intuitive the thought behind that: as more and more cities go into lockdowns, demandfor new homes could freeze. But with cash not coming in, homebuilders still have big fixedcosts. "This is unprecedented because in 'normal' economic downturns homebuilders are highly cash generative," UBS writes. As homebuilders enter the saving mode, which one has the most solid balance sheets? Here is UBS' analysis of homebuilders in the UK: Berkeley is at -31% net cash Persimmon -4% net cash Barratt 9% gearing Bellway 16% gearing Taylor Wimpey 17% gearing McCarthy & Stone 17% gearing Redrow 18% gearing Vistry c40% pro-forma Crest Nicholson 41% gearing (Joice Alves)
  2. there has been many examples of the sock exchange being suspended for days through time like September the 11th,during war other diseases etc,how low could the markets go for someone like trump or others to take the decision to suspend for good?
  3. is it possible to submit questions for the IG analysts every once in a while?I think that would be very helpful.
  4. does anyone know why quadruple witching did not result in the indices to go up and close up yesterday? RPT – 'Quadruple witching' may spell some relief to stressed stocks 20 Mar (Repeats from MARCH 19, no changes to text) By Saikat Chatterjee and Thyagaraju Adinarayan LONDON, March 19 (Reuters) – In calm markets "quadruple witching" usually passes unnoticed, but some market players are hoping this Friday's concurrent quarterly expiration of U.S. options and futures contracts could shake some sense back into stocks. The expiration of stock options, stock index futures and index option contracts on the same day on the third Friday of the last month each quarter usually heralds hectic trading and volatility as investors unwind old positions and take new ones. But after one of the most violent sell-offs in stock market history, some traders say those expiries may bring some relief as a large number of short positions rolling off could ease some of the recent selling pressure. A build-up in index futures contracts to multi-year highs before the sell-off has meant investors have become more sensitive to the move in market prices and the impact on these underlying contracts. For example, the open interest on March expiries of the popular S&P 500 futures contract stands at its highest level in three years, indicating that leveraged bets on U.S. stocks have ramped up rapidly in recent months. While those positions can be rolled over or unwound smoothly in calm markets, this can become very difficult in volatile markets where the average move of the daily stock index is above 2.5%, its biggest since the 2008 global financial crisis. That makes it difficult for traders whose job is to ensure that the sensitivity of the price of a derivative to a change in the underlying market has a relationship of one or "delta one" as they have to trade stocks in large quantities to ensure the relationship holds. Market analysts expect about 40% of the expected price swings to roll over in the quadruple witching hours and that should bring some calm to markets. "Potentially this cleaner dealer positioning may lead to less drastic market swings," one trader said. But some market watchers like Marija Veitmane, a multi-asset strategist at State Street Global Market say it is still too early to say whether markets have bottomed as an internal index of market fragility is still at extreme highs. "The market is extremely narrow and panic driven, so I suspect those wild moves will stay with us for some time," Veitmane said.
  5. normally shares in the same sector move together,today apart from crst's -25%,persimmon was down less than 1% today,vistry 2%.barat 8,redrow 10%.on Tuesday when most builders were down Berkeley was up 3%?!!
  6. crest Nicholson announced it will suspend the next dividend,now down 25% for the day,following in the steps of bkg,now all the other housebuilders could come out with same anouncements!
  7. since trump takes the us market performance as a measure of his presidency and his pride and joy,maybe he might want a suspension,and also since the markets seem to be falling on sentiment and panic more than anything else.
  8. Does anyone know how to get the chart of the McClellan Oscillator for free? It can be used as an indicator of oversold/overbought for the indices. Thanks
  9. housebuilders seem to be gradually going up day by day to all time highs now except for bkg or rdw.psn important cause it pays a hefty divi soon on march 5th and also in june.how far are they going to keep going?
  10. ...sensitive uk shares like airlines and housebuilders,etc? any thoughts?
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