By Chris Bailey | Wednesday 2 August 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Loads of interesting FTSE 350 corporate numbers out today. Akin to my thoughts a quarter ago, there is no need to own shares in Haleon (HLN) even if the world of consumer healthcare is not boring (just in this case heavily factored in). By contrast, Taylor Wimpey (TW.) shares are cheap, and are up this morning, and it was alright to read that its “full year UK completions excluding joint ventures to be in the range of 10,000 to 10,500, the upper end of our previous guidance”. However, I have no intention of buying the shares, even if the UK still needs plenty of new flats/homes and banks are desperate to introduce 35-year mortgages. A much smarter way to play this trend, for me, remains Ibstock (IBST) and the world of clay bricks and related.
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