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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Taylor Wimpey Plc | TW. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.30 | -0.25% | 119.90 | 16:35:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.90 | 119.95 | 124.50 | 119.90 | 120.20 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 31/07/2024 | Interim | GBP | 0.048 | 10/10/2024 | 11/10/2024 | 15/11/2024 |
| 28/02/2024 | Final | GBP | 0.0479 | 28/03/2024 | 02/04/2024 | 10/05/2024 |
| 02/08/2023 | Interim | GBP | 0.0479 | 12/10/2023 | 13/10/2023 | 17/11/2023 |
| 02/03/2023 | Final | GBP | 0.0478 | 30/03/2023 | 31/03/2023 | 12/05/2023 |
| 26/04/2022 | Interim | GBP | 0.0462 | 13/10/2022 | 14/10/2022 | 18/11/2022 |
| 03/03/2022 | Final | GBP | 0.0444 | 31/03/2022 | 01/04/2022 | 13/05/2022 |
| 22/04/2021 | Interim | GBP | 0.0414 | 07/10/2021 | 08/10/2021 | 12/11/2021 |
| Top Posts |
|---|
Posted at 04/2/2025 16:05 by sikhthetech Jugears"Or perhaps the fact that it has had to double its provision for fire safety work in the last 6 months " That's the problem which I and other bears have been posting. HBs need to save cash for unforeseen costs. Hence why TW's divi policy is flawed. Their cash will decline quickly if they continue paying divi at 7.5% of NAV. sikhthetech - 11 Dec 2024 - 12:39:25 - 20194 of 21340 Cupra, "People will still buy houses" You miss the point entirely. People will always buy houses but DEMAND is significantly lower due to affordability problems. The divi policy is flawed so cash will continue to decline. sikhthetech - 28 Feb 2024 - 17:57:24 - 17557 of 20194 <...> The dividend was always going to be maintained. It's their dividend policy, which I believe is flawed. I see that as a risk as they should be preserving cash during hard times. Other HBs don't have the same rigid divi policy. |
Posted at 02/2/2025 18:36 by beckers2008 S100,I stated correctly from TW. report... "average 'income' of a FTB couple was £66k per annum or £5,500 pcm." Management role (not senior) in SE is earning before tax over £60k I know many 'workers' on six figure salaries before tax (earnings). This is increasing as skilled workers have had pay rises of over 10% compound over the last two years, excluding bonuses. In TW. 2022 the estimated average loan to value for first time buyers was c.78% without Help to Buy and c.68% for second time buyers and the majority of TW. customers were choosing five-year fixed mortgage products in 2022... I expect the BoE will cut interest rates on Thursday. Affordability crisis... Nah. |
Posted at 02/2/2025 18:18 by beckers2008 Jugs,In the TW.2022 preliminary report, they stated the average income of a FTB couple was £66k per annum or £5,500 pcm. A £300k mortgage with a 10% deposit is less than £1,600 pcm. Less than renting a decent 3 bed house in the SE. As TW. command a higher price for a better property, say a mortgage of £2.5k per month still leaves Wimps FTB's with £3k per month. Affordability crisis...Nah. Working class have never been able to buy a house, only in Maggie's great giveaway. Working class have been able to afford to buy a house since. As I have stated over a year ago, the UK housing market dynamics have changed. Now, when is the UK house price crash going to happen? Lol, just lol! |
Posted at 16/1/2025 18:34 by baracuda2 Our viewTaylor Wimpey's 2024 trading update was broadly in line with expectations. Despite some weakness in selling prices in the South, the general mood music is positive, and there's growing enthusiasm that activity will pick up across 2025.With UK inflation looking largely under control, there's cautious optimism that rates will creep lower this year. Falling rates are a tailwind for buyers, increasing their purchasing power. A potential homebuyer with a £1500 monthly mortgage budget has over 10% more borrowing capability at 4.0% than 5.0%.2024's operating profit looks set to land at around £416mn, marking a decline of around 10% year-over-year. But with the potential for a recovery in the housing market to gather steam, markets are now forecasting 2025 profits to rebound back above 2023 levels.The landbank is a particular strength for Taylor Wimpey, which has a significant number of plots awaiting detailed planning permission. If the new government delivers on its promise to ease planning permission, more supply is likely to come online, and Taylor Wimpey should start to see the benefit.The balance sheet is in great shape too, arguably one of the strongest in the sector. That provides plenty of cover for the generous prospective dividend yield of 8.4%. But remember, dividend policies can change on a dime. No dividends are guaranteed.The current dividend policy is linked to asset value rather than earnings. That means investors are more likely to receive a base level of dividend even in a downturn. Given the improving outlook, we'd be keen to see this policy changed to favour a more even split between dividends and share buybacks. This would likely bring more value to shareholders given the group's trading some way below book value.Regardless, there are still challenges to navigate.The sector's facing ongoing labour and supply chain challenges. That's starting to move build cost inflation on an upward course again, which could put pressure on margins. There's also the weakness of pricing in the South. With rates proving fairly sticky, buyers in this region are likely to remain hesitant to sign the dotted line on a new home.There's still plenty of uncertainty ahead, with margins likely to remain under pressure in the near term. But there are growing signs of improved buyer activity, and with a longer-term lens, the valuation remains attractive. Given its robust financial position and a strong pipeline of land, Taylor Wimpey is one of our preferred names in the sector. |
Posted at 16/1/2025 11:19 by sikhthetech EI"They are running down net cash, dividend policy arguably should have been reviewed." I think they're stuck. If they cut then income seekers will sell and move investment elsewhere, share price will fall. It will raise questions about their management. If they don't cut then cash will continue declining fast, which will mean they'll need funds. I think they were hoping the market was going to turn quickly, which it hasn't, as expected. As I, Sunshine and other bears have been saying for ages they need to change their divi policy. Their divi policy, c7.5% NAV, is flawed and, if the market doesn't pick up, will lead to significant decline in cash. That's what is happening. sikhthetech - 07 Aug 2023 - 13:50:51 - 15054 of 21063 ST Exactly. To have a divi policy where the dividend is fixed against NAV and not income is high risk. It doesn't allow for a big fall in sales. Hence why they needed an increase in credit facility |
Posted at 14/1/2025 19:27 by sikhthetech well with that supposedly great TU from PSN, TW are up 0.69%!!!The interesting points on PSN is cash is down significantly, as expected. This is despite significant cuts in dividends in the past. I can't see how their divi, so expect it to be cut. That is the point I and bears have been making. Unlike other HBs, divi reflects earnings, with TW their divi is c7.5% of NAV. That, I believe, is flawed policy. It'll result in significant reductions in cash. If they now ditch their divi policy then income investors are likely to ditch TW holdings. The sales increase at PSN was expected as buyers take advantage before Stamp Duty changes in April. |
Posted at 12/1/2025 17:09 by jugears Sikh, Again I have to say that I haven't bought any shares above 1.50 for three years, I bought 2 lots of 10k shares circa 1.70 prior to that. 10k is not loading up, well not to me lol,I am not saying TW won't build more houses, I suspect it will like all hb's build production up slowly, I can't see any rushing though, sikh if as you say more current homeowners are in severe mortgage debt why are there still fewer houses coming to the market? as most mortgages would have been circa 1 plus percent, in reality monthly payments have only increased by a few percent, looking at the new car figures I assume this is being easily covered by most instead of buying a new car & paying monthly????, during Covid many people over paid their mortgages so would have less debt anyway, everyone's circumstances are different & borrow different amounts of money, there will always be people that over stretch it doesn't matter what rates are, my point is at what point in interest rate cuts feel confident to return to the market, I guess we will find out Tuesday with PSN & Thursday With TW,Affordability is not a major problem for everyone, some people yes but not every one! I have always said that dividends are a bonus & that you should never take dividends for granted, I have received every dividend for the last 14 or 15 years, If they cut it, it would only be short term anyway & I did here a rumour that the dividend will be higher, we will have to wait & see, IMEO we could see specials return in 2026/2027 my stance on TW hasn't changed, I still see long term growth, the shortage of new homes is getting larger by the day, they've got to come from somewhere. |
Posted at 12/1/2025 16:54 by sikhthetech "Can someone explain why Ocado shares are £2.78 but don't make a profit, then we have Taylor Wimpey with a Land bank worth over £1.50 a share & a predicted profit of 400 million plus cash in the bank & the share price is £1.09 beggars belief really."There you go, your supposedly 50years of investing has taught you nothing. In terms of the Land bank, where did that valuation come from? If TW continue with their current divi policy, which I'm saying is flawed, then cash will continue declining. If they build sufficient houses then they could end up needing a placing or have to sell some their land bank. "If the dividend is a drain on resources then I have know problem with it being cut or cancelled" Shareholders, PIs/IIs, who buy for income are likely to have a problem though. They are likely to put their money elsewhere. After all you're very quick to claim you've made huge amount from dividends. Over past 5 years, since covid, you're gone from suggesting they will re-introduce the special divi, to they could up the divi, to they will retain the divi and now you have no problem if they cut/cancel the divi!!!! |
Posted at 12/1/2025 13:21 by jugears kreature 30p? last time it was there it had a very small land bank & nearly a billion pounds in debt are you really that stupid, they didn't pay a dividend during covid & neither did many companies tbf I think most investors now will be looking at a quick return to say £1.60 rather than buying for a dividend, I certainly don't think a none dividend period would prevent the share price rising & from many years experience if they announced a loss we would probably see the share price over 2 quid again as the markets seem to like loss making companies & speculating on hope of a recovery. |
Posted at 09/1/2025 13:44 by sikhthetech I believe TW divi policy is flawed. They base it on c7.5% of NAV.If the housing market is uncertain and don't improve, TW's cash will decline fast. Other HBs have divi policy based on earning and so their divi payments have reduced. The problem is if TW change their divi policy then investors, who have invested in TW for the income are likely to sell, therefore, increasing selling pressure on the share price sikhthetech - 28 Feb 2024 - 17:57:24 - 17557 of 20801 TW. clarky "Dividend still in play and not reduced showing strong commitment to all longs" The dividend was always going to be maintained. It's their dividend policy, which I believe is flawed. I see that as a risk as they should be preserving cash during hard times. Other HBs don't have the same rigid divi policy. |
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