Interesting to look at some of the below companies:
- Taylor Wimpey: Dividend = ~10.9%. PE = ~7.4. YTD down ~20%
- Barratt Developments: Div = ~8.8%. PE = ~7.3. YTD down ~20%
- Kier: Div = ~8.3%. PE = ~6.3. YTD = down ~19%
- Countryside Properties: Div = 4.5%. PE = ~7.0. YTD = down ~15.%.
These sorts of stocks aren’t usually something I would look into, but they seem remarkably cheap considering their yield/dividend. I imagine Brexit and other late-cycle factors are pushing down the UK stock prices, and perhaps a housing slump is factored into their price, but their underlying performance this year is still up.
What is everyone’s thoughts on these? Are they good value or are they reflecting a likelihood of a further Brexit/late-cycle fall?