Basread

[The_Bard]

I am puzzled with the current low level of construction share prices despite the good flow of results and full order books that we have seen, especially from companies like Basil Read. With the government embarking on further infrastructure spending I would think that most construction shares are showing strong buy signals or am I missing something ?

[Galuc]

Infra-structure spending is only a certain percentage of the market, the rest of the construction market is in deep water and staring into even deeper waters at the moment. In other words the perception is terrible and that is what is driving the market