Taylor Wimpey Share Discussion Threads

[1 nhs] 13/4/2020 10:14

Dear me, those greedy directors and shareholders are going to see their investment disappear.

Not only that poor JUGERS is about to get a new set of terms and conditions from TW.

Will read along these lines

DEAR SUPPLIER,

Due to our own cashflow constraints, ( no sales ) we are asking for the following, (failure to comply, will see your existing contract withdrawn .)

We will calling off plots, on an individual basis, for delivery that may not be in plot sequence.

20% cut in price for ALL goods and services

6 month payment terms

Thank you for your help in these difficult times for us all.

[joe kingl] 13/4/2020 10:04

Apologies guys. The truth is, I'm a Sun reader and haven't got a clue what I'm talking about ! I've lost a fortune on these shares and teacher says that I'm a "ten bob millionaire", whatever that means.

[joe king1] 13/4/2020 10:00

www.thesun.co.uk/money/11384697/house-prices-fall-coronavirus/

[joe king1] 13/4/2020 09:59

Some very gloomy news regarding house price crash looming.

[smartie6] 13/4/2020 09:44

What demand jugears?

[jugears] 13/4/2020 09:18

Gbh2 good to here, I have worked most of the weekend, Its strange being back on the shop floor but I can only have a few staff in due to distancing,Its also frustrating because I have a record order book & whilst most materials are still readily available,my staff & some sites arn't. I can see when this is over we will need to work some very long hours to catch up with demand.one thing I have realised is just how hard I work my staff without whom I wouldn't be where I am today. Let's hope for a good week next week !

[gbh2] 13/4/2020 08:27

G'morning Jugears, We're well thank you, life progressing slowly but loads of virtual contact with Family, also been playing Virtual Golf with a few people :)

I'm not getting any Bad news from the company in Corby, some of the debtors have paid their bills and plans are being made for what to do first when the Lock in is lifted.

Meanwhile I'm looking forward to what I can make tomorrow when the market opens.

Stay Safe and good luck re business as usual.

[1 nhs] 13/4/2020 05:13

This is exactly what is happening world wide ( as predicted) in my header post months ago.

[smartie6] 12/4/2020 20:38

Too early. Madness.

[alangriffbang] 12/4/2020 16:49

Construction workers in Spain are allowed to go back to work tomorrow,

[alangriffbang] 12/4/2020 16:36

Gaygay3 I’m filtered as well , I think he must have had a bad day , never mind there are still several good people on here ,keep smiling

[flyfisher] 12/4/2020 16:33

Every week in lock down the world gdp falls 3%, it cannot continue for a long period as the economic consequences will be too great.

[gaygay3] 12/4/2020 15:50

GBH2

why you filtered me

[m4rtinu] 12/4/2020 15:21

I'm sure government will want to relax some restrictions but how, when and indeed, where is the question. With the 3 week "lockdown" up for review, there is a difficult decision to be made. I can see another 3 weeks, at least, then another reappraisal. This will be a necessary but hard psychological call for many. But until we get much wider testing, some treatment drugs and eventually a vaccine, this could be as long as 6 months or more of vastly reduced activity. The first thing the govt (chancellor) will have to do in conjunction with further social restrictions, will be throwing more money at problem. How businesses will cope then and how stocks will react is possibly not going to be good. If I was in profit here I might think of banking recent gains; but I'm not. Bought back in far too early.

[jugears] 12/4/2020 13:36

Gbh2 hope your keeping well? The good times will be back soon but at the moment the only important things are health & family,Money is now irrelevant,
There does seem to be a lot more enthusiasm in the building industry now than I have noticed for a very long time with an eagerness to get back to work as soon as possible, know one I have spoken to in the trade shares any of the pessimism as some now permantley blocked posters on here. Companies are still placing orders & paying accounts on time, Planning applications for new developments are still being passed ,I have even seen a very large commercial development starting in the last 3 weeks in Northamptonshire which must have had over 100 pieces of plant in.operation when I passed ! So it's not all doom & gloom.

[gbh2] 12/4/2020 13:22

Jugears "just me & you then," Looks like it.

I'm simply too old to bother reading dross :)

[smartie6] 12/4/2020 13:02

Read it Alan, read it my good fellow. Lol.

[alangriffbang] 12/4/2020 12:58

I can’t read it but I can guess it’s another load of rubbish you have said smartie ,I’d rather have 1 JUGEARS than a hundred of you ,

[1 nhs] 12/4/2020 12:58

Mass dumping of property, by the buy to let mob after they realise rents don’t get paid on amy more


NEWS
ONE-THIRD OF AMERICAN RENTERS IMPACTED BY COVID-19 DID NOT PAY RENT IN APRIL: REPORT
BY SOO KIM ON 4/12/20 AT 7:45 AM EDT

[smartie6] 12/4/2020 11:39

Looks like Jugears is facing a double whammy when this goes bust. He loses his share value and loses a significant amount of debt. Have you thought about shortening the credit terms provided yet jugears? As your credit insurance cover been reduced to zero as yet?

[jugears] 12/4/2020 10:58

Alan I am a long term holder in Tw I have also been a key supplier to Tw for the last 30 years ,whilst I would never recommend any one buy or sell a share in any company I see this current situation as just a short term blip & have no concerns with my investment here, most shares will see a dramatic recovery once lock down is over & in my opinion we will see a massive surge in the public spending, The government will obviously want to get this money back so we will probably pay higher taxes, As far as I interest rates go I dont think we will see them above 1% in my life time.I am not sure about the other companies you mention I only follow companies I invest in or work for.

[alangriffbang] 12/4/2020 10:09

JUGEARS , are you a holder of TW ,do you think this is dead in the water or do you think it has a future ,it’s the only house builder I hold ,I’ve almost sold out of banks ,ibstock bricks , have been mentioned by people saying it will do much better after thelockdown than house builders ,I am very keen on bango , I used to own 200000 some I only paid 10p , I got disillusioned and sold them off bit by bit, now they seem to be on the up again they are winning contracts on a weekly basis ,also boku is the same ,perhaps you could give this all some thought ,sorry about the two spelling mistakes on the last post I didn’t check it ,at 81 years old I don’t think I do too badly ,