Wimpey (George) - The UKs Leading Housebuilder

Tempting as it is to take profits as WMPY approaches an all time high, the fundamentals are suddenly looking better than ever. First, the minutes from the BofE plainly show interest rates have peaked and could come down early in the new year. Second all the talk is of modest house price rises in the new year which should boost margins. Third dividend yield for 2006 looks around 4% which, with gilts yielding no more, looks great. I am certainly going to wait for the trading statement in January before locking in any profits.