Taylor Wimpey Share Discussion Threads

[knocknock] 03/4/2020 07:46

It is feasible that we could see 10p or lower. Many back in 2008/9 would never have expected the fall from £7 odd to intraday circa 4p but it happened and the recovery was a slow grind back , with only averaging down getting any survivors out of the mire.

Im not deramping, and hold no position yet, but would say to those who are expecting a swift recovery then perhaps ensure you can weather the drop and have enough years to sit and claw back your investments.

Nobody knows how this will go and anything is possible. However, the clowns that are gaining some perverse pleasure out of others losses will be some of the first to get wiped out as the markets have a peculiar way of serving up Karma when you least expect.

Good luck bulls and bears, in truth I think we all gonna need it.

[1 nhs] 03/4/2020 07:44

Your assets have turned to liabilities.


Staff wages ( less govt help )

Overheads

Stock ( massive write downs )

Cash flow ( not far off zero )

Don’t forget houses are made of tens of thousands of components ( broken supply chains )

It’s not a easy job running a smooth building program at the best of times.

Remove a few key contractors from the chain and it’s a disaster.

Cash flow = contractors will require weekly payments.

If TW does not do it the labour force just goes elsewhere

Sales chains have got to pot


Extra cash flow required for PX

[bricktycoon] 03/4/2020 07:43

The credit line was drawn down for a reason to stave of bankruptcy for a couple of weeks u see when u go full tilt in leveraging into a monster credit bubble built on the back of 2008 carnage then u really are all in fair play to the board playing double or quits with the shareholders money but they've lost the never ending credit train has come of the tracks massive gap down below 1 pound on open sell sell sell the Audi's and creed are gone

[mkmmkm1] 03/4/2020 07:40

Contractors are always free to walk you tool! Where are they going to walk to right now or in the future??

[1 nhs] 03/4/2020 07:37

Do you then agree that your contractors are now free to walk ?

[mkmmkm1] 03/4/2020 07:36

Payment runs in line with business as usual. Now please stop this ridiculous scaremongering

[1 nhs] 03/4/2020 07:28

Are you absolutely sure, that payments are now complete ( bar retentions )

[mkmmkm1] 03/4/2020 07:18

Yes! Stop your scaremongering

[1 nhs] 03/4/2020 07:11

PLEASE

HAVE CONTRACTORS BEEN PAID ?

[bricktycoon] 03/4/2020 07:07

Massive gap down on open the market is waking up to the fact this is bust 2008 lows of 5 p imminent with sales gone and help to buy Mania finished this is in trouble half finished estates poor quality paper thin walls tons of land worthless credit line already drawn down the board bet on the Audi's and creed never ending it has this is bust in a big way

[1 nhs] 03/4/2020 06:44

House completions likely to 'dry up' as homes on sale at lowest level since 2006

Daft.ie says that this is the first time since late 2006 that fewer than 20,000 homes have been on the market.

10 minutes ago 452 Views No Comments Share Tweet Email

Image: Eamonn Farrell/RollingNews.ie
THERE ARE FEWER properties for sale in the country than at any point in the last 14 years, according to the latest house

[1 nhs] 03/4/2020 02:38

The moral hazard

The world just stops paying its bills.

Why bother, when it’s the only game in town

[1 nhs] 03/4/2020 02:36

Unlike in the 2008 financial crisis when a glut of subprime debt, layered with trillions in CDOs and CDO squareds, sent home prices to stratospheric levels before everything crashed scarring an entire generation of homebuyers, this time the housing sector is facing a far more conventional problem: the sudden and unpredictable inability of mortgage borrowers to make their scheduled monthly payments as the entire economy grinds to a halt due to the coronavirus pandemic.

And unfortunately this time the crisis will be far worse, because as Bloomberg reports mortgage lenders are preparing for the biggest wave of delinquencies in history. And unless the plan to buy time works - and as we reported earlier there is a distinct possibility the Treasury's plan to provide much needed liquidity to America's small businesses may be on the verge of collapse - an even worse crisis may be coming: mass foreclosures and mortgage market mayhem.

Borrowers who lost income from the coronavirus, which is already a skyrocketing number as the 10 million new jobless claims in the past two weeks attests, can ask to skip payments for as many as 180 days at a time on federally backed mortgages, and avoid penalties and a hit to their credit scores. But as Bloomberg notes, it’s not a payment holiday and eventually homeowners they’ll have to make it all up.

According to estimates by Moody's Analytics chief economist Mark Zandi, as many as 30% of Americans with home loans – about 15 million households – could stop paying if the U.S. economy remains closed through the summer or beyond.

[bricktycoon] 02/4/2020 20:03

This is bust sell while u can 2008 lows will be found within weeks 6 month lock down imminent mortgages froze this is bust

[tlobs2] 02/4/2020 18:31

If you click on the posts for stevieweebie2 (his mummy must have registered that name) then to be fair there are not many (if any) posts with anything of value in them.

So it's another for the filter button alongside the resident bell end aka 1 NHS.

[stevieweebie2] 02/4/2020 18:15

cant possibly help.

[1 nhs] 02/4/2020 18:13

Tonight’s govt press conference is pointing to a very long lockdown.


Around the world = 1929 depression.

END

[kazz] 02/4/2020 18:12

Done it ages ago, Alan
Absolute.....fill in the dots
Regards......kazz

[bricktycoon] 02/4/2020 18:03

This is 2008 mark 10 with debt out of control and property values tanking this will test 2008 lows of 5 p massive gap down on open sub 1 pounds then onto carnage next week as covid 19 stats start to hit home that this is bankrupt estates empty no sales land banks melting in value drawn down on equity line already get out while u can

[dr_smith] 02/4/2020 17:21

Thank-you Jugs and Tlobs2.
There is obviously 2 sets of criteria, gov, and how co's interpret it and practicality when reliant on 3rd parties, e.g. deliveries.
Each are a moving target, so nice to hear "the word on the street".
...mind wandered then.. I sound like Starsky and Hutch. ;-)

I can see travel taking much longer, as it's not just our gov policy but destination country. Also, travel out means implied gov responsibility to get you back, and that is an ongoing problem for re-pat flights.

Then there is insurance co's. Many won't travel if insurers decline.
Travel is of course integral to many countries economy, so I do see extraordinary measures being put in place to mitigate and be flexble if possible within constraints of likes of WHO.

Lets hope the current stats get bolstered into atleast non-escalation.

Dave

[tlobs2] 02/4/2020 16:43

Good afternoon Doc. It's an independent development of about a dozen £1.5m (min) large detached houses.

I think they'll keep things closed up for another week and then after Easter allow businesses to starting the wheels turning again. But with limitations. No large social gathering or pub openings just yet.

Fingers crossed for the green lights for flights and cruise ships to take bookings for trips that will actually happen :-)