Taylor Wimpey Share Discussion Threads

[alangriffbang] 17/3/2020 16:28

Clarky Berkeley homes have cancelled there dividend so I think there is very little hope for us ,

[gbh2] 17/3/2020 15:45

Different scenario, the government seem to be throwing promises of cash to all and sundry, I'm saying all the Big companies will want some.

[michaelbinary] 17/3/2020 15:35

they didnt get bailed out when the share price went to 4p so why would they when its 1.10 or thereabouts.

[gbh2] 17/3/2020 15:26

They probably have the cash but imo the sector is going to remain weak for quite some time, also knowing what Greed at the Top is like in these large companies, they'll surly want a slice of any government bail out.

[clarky5150] 17/3/2020 14:19

special dividend gives no such guidance. If however I was TW I would want to keep the share as attractive as possible for future investment so would leave the did in place as long as possible. we are not that much lower than last years lows and the special divi held then.

[clarky5150] 17/3/2020 14:15

From the website. It talks of average selling prices dropping up to 20% will not affect it. It does however state 'normal' market conditions so anyone's guess.

Ordinary Dividend Policy
The Company will pay an ordinary dividend of approximately 7.5% of Group net assets and which will be at least £250 million per annum. This is in line with our announced policy of paying an enhanced ordinary dividend from 2019 onwards and is intended to provide a minimum annual return to shareholders throughout the cycle, including through various planning scenarios based on a 'normal' downturn and including a scenario where average selling prices reduce by 20% and volumes reduce by 30%. This ordinary dividend will be paid equally as a final dividend (in May) and as an interim dividend (in November) each year and will be subject to shareholder approval at each Annual General Meeting.

[wfl1970] 17/3/2020 13:40

It'll be interesting to see, if, there is a reduction or cancellation of the special dividend, whether the market has already priced in such an outcome...

[steeplejack] 17/3/2020 11:51

I suspect that most commentators here aren’t geared.Some of us are of advanced years!They own their own stock and have probably been bought up to ‘neither a borrower or a lender be’.That’;s not the case with many.Attracted by low interest rates,they’ve borrowed to the hilt believing that rising property values will make it alright long term.The worry is that as asset values fall,banks will run scared and pull in their lending horns.That’s why money printing presses are working overtime again to avoid such a catastrophe.Yet when this is all over,things won’t bounce back immediately,banks will be nursing some sizeable bad loans and will be less eager to lend.

[dr_smith] 17/3/2020 11:41

Jugears. You mentioned phoning brokers to trade recently and didn't respond to my reply asking if you do it online. As MB says, no certs these days. Online trading means you are in control of the split second they are sold and lower charge for non-paper transaction and no having to store them and post them etc or sign stock tf forms. I do understand some are wary of online. Cost may not be prime concern but holding your folio electronically is simpler.

Not my business, but as your expectation is big capital gain for grandchildren, consider ISA for children/grandchildren, where gains are tax free and not perhaps get clobbered by your max allowance that can be passed on tax free under will.
Don't answer me, public forum, private matter, but maybe get tax planning advice. :-)

You are right on long vision and on questioning yourself when the proverbial is hitting the fan. We feel we know we are doig right, but personally I keep questioning myself, I'm not wavering, but nonetheess a bit scary, an action (or not) can have profound effect on future life.
I was hoping yesterdays pain would be the last/worst.
Dave

[disneydonald] 17/3/2020 11:39

Whilst I’m here, given the government s of UK and EU are preoccupied, I would expect Brexit to be put on hold. No point pouring petrol onto the fire.

[gbh2] 17/3/2020 11:34

I believed it was all part of a learning curve, as of recent events it seems I may still have some learning to put up with ;((

[disneydonald] 17/3/2020 11:33

I would be pretty certain that Wimps will cancel the special, pending update on trading conditions. Likely many cancellations of previously “sold” units on the way.

Steeple Jack, I am also not keen on share buybacks but maybe in this case cash should be hoarded (little in the way of new land purchases), with a view to buy backs.

Failing that, the risk is that in a few months once we have more confidence that this virus will blow through without too much damage then private equity will pounce and buy assets cheaply.

[steeplejack] 17/3/2020 11:28

That's funny...I've some of those too!

[steeplejack] 17/3/2020 11:22

Knee high to grasshopper then

[michaelbinary] 17/3/2020 11:20

JUGEARS ---- you have certificates ?, I have never seen a phyical share certificate
ever.!!

[steeplejack] 17/3/2020 11:19

A lot of companies have built an enterprise around the issuance of equity to staff.Staff have accumulated lots of stock or options and have then gone out and borrowed sizeable sums against their holdings.What is happening is that the banks that lent people money (with the stock holdings as collateral) are now making margin calls.The margin calls are substantial and a lot of stock is now being sold as a result.The system is currently imploding.Don't expect stock valuations to reflect the reality of the situation.I don't like share buybacks but TW might do well to defer or cancel the special dividend and embark on a share buyback programme.

[jugears] 17/3/2020 11:14

WFL1970 Sorry I didn't have my crystal ball that day, But no one really knows the impact cv could have its all speculation & very very very worse case scenario, When I purchased TW It was & still is the intention of never selling them, When I die they will be past on to my children & there children.It has little significance to me what the share price is now, Short term the lower the better as I have more money to reinvest & with the next dividend I will be getting more shares at a knock down price. Something bad is happening in the world that we can do little about but those brave enough to invest will make a substantial profit in the future, I made a substantial amount of money from investing in good companies in the financial crisis & intend to this time. Whilst it is easy to take in all of the news & believe half of it you really do have to look 6/12/18 or 24 months in front & not focus on the unprecedented events that are happening now. The world will recover & so will the stock market you just have to keep telling yourself that. I must admit that at 7 o'clock this morning I took my Tw shares certificates out & for one very brief & very irrational second came very close to selling some of these but then reasoned with myself at how totally bonkers things have become & at how many times the market has recovered in the last 40 years & they will again, I don't need the money & financially covered for the next 2 years so told my daughter to lock my shares certificates away & not under any circumstances let me have them back until this is sorted, Because this is a buying opportunity & not a selling one.