Taylor Wimpey Share Discussion Threads

[kreature] 26/4/2024 00:51

JUGS ……..You can just politely decline without telling hardworking staff where to stick it. Shocking really

[sikhthetech] 25/4/2024 22:12

Jugears

"You would probably be surprised how many people keep large sums of money in a current account"

How many?

It's not the bank's fault if people keep large sums of money in current accounts when other forms of savings are available. You're quick to blame the consumer when they have been fleeced.

I agree bank interest on credit cards/unsecured loans is extortionate.


"my bank offered me an unsecured over draft once just in case I needed it at 29% interest"

That's cheap compared to what's on the market for unsecured overdraft and credit cards.

[jugears] 25/4/2024 22:02

You would probably be surprised how many people keep large sums of money in a current account, it is a competition market out there, but banks could still pay better interest rates on current accounts, they could also notify customers that they could actually gey a better rate rather than waiting for a customer to contact them,my bank offered me an unsecured over draft once just in case I needed it at 29% interest they were politely told where they could stick it especially as my account had always been in credit for several times more than they would have been prepared to loan me!
Lef totally agree with credit cards, fortunately I've never had one, I was all ways taught that if you needed to pay for goods in that way then you didn't need them!

[sikhthetech] 25/4/2024 20:48

Jugears

You don't understand what impacts the housing market and how the markets work.
There's huge debt and at times of huge debt, banks need to charge more to cover potential bad payers. Unsecured loans always carry higher interest.
They also have to have more stringent lending criteria.

There's several bank/BS savings accounts paying around 4-5% and mortgage margin around 2%. Current accounts aren't for saving, are they????

It's a competitive market out there, where banks want your custom.

One minute you're saying there's no shortage of credit, the next you're saying banks are greedy.



JUGEARS25 Apr '24 - 12:30 - 17728 of 17735
0 0 0
Not shortage of credit availability,the banks are fighting each other to give credit,

[lefrene] 25/4/2024 20:41

To say nothing of 27% on a credit card, simple daylight theft.

[jugears] 25/4/2024 20:31

Why? Banks are greedy. So it's OK to pay a pittance in interest on your current account but charge you 6 plus percent if you have a mortgage????

[kreature] 25/4/2024 19:30

Inflation bound to pick up, banks are looking ahead to the reality, and not trying to con anyone. Borderline slanderous to call the banks ‘greedy’.

[rwlly1] 25/4/2024 18:41

I think inflation will pick up again shortly, pushing any meaningfull rate cuts a long way off.

[jugears] 25/4/2024 18:24

None Whatsoever, but its just a last ditched attempt for greedy banks to lock unsuspecting punters in to fixed rates, knowing full well that rates are due to fall soon.

[kreature] 25/4/2024 18:02

Not sure if this article is of interest to you guys ?

[kreature] 25/4/2024 16:49

PSN TU: ‘ first-half performance will be subject to embedded build cost inflation and lower average selling prices, as reflected in the forward order book at the start of the year. ’

Oh terrific

[sunshine today] 25/4/2024 15:42

The trend in the market of the UK Ten Year yield, is pointing to it hitting the high when Liz Truss was in power. ( just 4 ticks to go ).

The world’s investors are not keen to buy bonds.

They appear to be about to go on a full blown strike.

If they do, look for a savage re pricing of uk mortgages to 10% plus.

The UK will have absolutely no power to stop the rot as it sets in around the world.

[jugears] 25/4/2024 12:30

Not shortage of credit availability,the banks are fighting each other to give credit,Tw seem more than sure they can maintain the dividend & despite high interest rates the housing market seems to be picking up,but I'm always happy to pick up more cheap shares, of course though we do not know if the hb6 can sell more houses until they actually build more.

[lefrene] 25/4/2024 12:07

JUGS, it's all down to mathematical models and algo's. the whole sector gets measured in the same way. Interest rates and credit availability will be the measuring stick.
Just one hint of that generous divi being trimmed will see the herd of pension funds et-al head for the exit. TW might be good value by all sorts of measures just now, but the foundations look prime to be melting as the heat gets turned up.

[jugears] 25/4/2024 11:33

Psn tu sounded positive, I wonder when the realisation hots that the hb's are seriously under valued?

[kreature] 23/4/2024 21:58

Well there’s a huge sell there for 1,050,720 shares, I dunno if that’s typical here tho ?

[jugears] 23/4/2024 21:19

Was that 140?, I'm sure u said this WILL be red today????

[kreature] 23/4/2024 20:18

Sub 130 tomorrow?

[jugears] 23/4/2024 17:20

Now who was it that said these will be in the red tonight????
Sicky I very much doubt the CMA investigation will find anything & probably very difficult to prove if they did, but at least its something else for you to worry about seeing as millions of people were not made redundant or had their houses repossessed & there doesn't seem much likelihood of this 30% fall in house prices peak to trough, No two recessions or downturns are the same. Before the financial crisis house builders were heavilly debted, built on spec & in abundance, thinks have changed a lot since then, these are easily worth £2 of anyone's money

[sikhthetech] 23/4/2024 16:24

1carus,

They are committed to returning c7.5% of NAV, which is very risky as cash will reduce quicker when the housing market is subdued and uncertainty persists. They are already reducing the number of builds.

Plus they still face a CMA investigation and could have to make more provisions if findings go against them, which I think is likely.


Once the market picks up they will need cash to increase builds, work force etc. If they have paid all their money to shareholders via a fixed dividend policy then where will they find the money?

Other builders, companies adjust their dividend policy depending on market conditions. That is the sensible way to pay dividends.

[1carus] 23/4/2024 16:07

I think the decision to be in here really boils down to whether you think the 7.5% divi is sustainable, for the given share price, or not. I have held a fair few of these since 2015, and had a buy in at around 70p. I traded in an out with some of my holding during covid but basically hold the same amount as when I started way back. With around the 7% and the specials that they handed out in good times, which I think made the total up to 15% one year, my overall return has been well above average compared to other shares. ( One offs like RR excluded) I guess my point is that a 7% return on todays values is kinda of a bread and butter no brainer even if the trading range is 99p to 170p over the cycle. If you don't think the 7% will hold, invest somewhere else where you think you may get a better return. But even given the covid years the average return is still up there anyway. The percentage may get cut a little during lean times but they are short lived it seems. Not particularly exciting, but a good return over time.