Taylor Wimpey Share Discussion Threads

[martyn9] 17/4/2020 14:35

Sikhthe, thank you, providing the 80% scheme kicks in the time frame and providing wages are seen in weeks rather than months we as a company (established 30 yrs)"should" be able to survive, but IF as we know is a big word.Time will tell.

[sikhthetech] 17/4/2020 14:26

Martyn,
sorry to hear about the situation you are in.

"sadly, this will be too late for some companies to wait for funds and fold."

Exactly, that is my point, many companies are in a similar situation to yours. The banks are dragging their heels and the govn has been too slow.

I have friends and family who have run successful businesses for decades in a similar situation.

Keep pestering the banks.

[cashandcard] 17/4/2020 14:24

Shorts roasting yet again. Beautiful.


Cash

[martyn9] 17/4/2020 14:20

My company is furloughed at present and we are owed money by customers for the months of feb/march, this is our safety net at the momement as the 80% job retention scheme is not yet up and running on- line until the end of april, providing companies can apply from that date it all depends when the money will be received?? weeks or months??
sadly, this will be too late for some companies to wait for funds and fold.
Other avenues such as loans are protracted and i know through contacts banks are acting as loan sharks and quoting ridiculous interest rates and most wanting personal guarantees of directors!!
Work for the council/public sector and receive 100% monthly no questions asked.

[sikhthetech] 17/4/2020 14:17

Jug,
I wasn't referring to just HB, a lot of companies pay monthly and it will be crunch time end of this month, especially if they are still waiting for CBILS.

I understand how companies work, thank you. I also understand how the property market works, having invested in it for 30yrs.

[jugears] 17/4/2020 14:02

IMF probably not helping with there over dramatic statement, I'm sure these organisations do it for point scoring.
Sikh most companies are on net monthly account with there customers which means staff get paid for work a month or even 2 before the companies they work for get paid so most companies will have income this month & next, you need to understand how companies work.

[sikhthetech] 17/4/2020 13:51

Jug
"this has more chance of reaching £1.70 than £1!"

I disagree, I think there's more chance of them reaching £1 than £1.70....

End of this month in 2 weeks so many firms will have to pay a full month's pay..

Possibly crunch time..


The current share price is 135p so in the middle of 100-170p - let's see, say within next 6 months time..

[1carus] 17/4/2020 13:48

Hmm, Up and down, both on hopes of a relatively short lockdown and manipulation. Someone's making a packet here.If Spain or Italy numbers go up again lockdown will continue here. The Gov can sit and watch the others as we lag them by 2 weeks or so. Not out of this yet.

[gaygay3] 17/4/2020 13:02

146 didn’t last long a 6p drop in seconds

[gbh2] 17/4/2020 12:57

imo the talk about the Thrree weeks to go to end the Lockdown is what's created today's reaction, that and the news from the USA that they have (what seems to be) an effective treatment of C19.

[smartie6] 17/4/2020 12:46

Good news today. An extension would have cost £100k 2months ago but now we have lots of out if work builders and price of materials reducing. It will only cost £50k. Yeh.

Housing boom is crashing around your ears.

[omg48] 17/4/2020 12:43

Encouraging high today of 146p. I did say yesterday that it was the turning point.

[jugears] 17/4/2020 12:19

m4rtinu, I have said before this is a very heavily manipulated & trading stocks, My guess is that this will be heavily traded back to around the 170's over the next few months with higher lows & higher highs until the market settles down, IMO this has more chance of reaching £1.70 than £1!

[heliweli] 17/4/2020 12:08

Now the profit takers.

[heliweli] 17/4/2020 11:58

Go on my son.

[jugears] 17/4/2020 10:52

I'm not surprised at all.

[m4rtinu] 17/4/2020 10:42

Looks like share price wants to get back to Tuesday start. More than a bit annoyed with myself that I didn't sell on early rise Tuesday as world news seemed more negative over long weekend. But sat in my hands. A little surprised at the quick recovery (of that lost ground.

[smartie6] 17/4/2020 10:10

Jugears, are you thinking about getting out given the small rise?
Looks like housing market crash is guaranteed. US reported figures yesterday that significant movement down. Anticipating house prices to fall between 20 and 30%?
No wonder banks stepped into action early. Try getting a mortgage with other than 60% LTV.
Housing market is fkd, isn’t it?
Knock on effect for suppliers, cash flow constraints, insurance issues, big losses?
GLA, looks like you’ll need it.

[sr2day] 17/4/2020 09:57

this is why there is a filter button there FGS.

[gbh2] 17/4/2020 08:11

It took six minutes of horse trading before the share price opened today :)

[gbh2] 17/4/2020 08:10

"Nothing wrong with posters having bull or bear opinion"

Unless the "Posters" concern are constantly trying to shove their opinion down other Poster's throat, they need Filtering and reporting to advfn.

[sikhthetech] 17/4/2020 00:00

Jug,

Nothing wrong with posters having bull or bear opinion, everyone will have a different opinion.. you think any impact will be short lived, I was already expecting a house price(and stock market) crash, pre-Covid19..

I don't share the view of some this will be bust but I also don't share the view that the impact to housing market will be short lived ...

In terms of why would btl investors sell.. they already were pre-covid19 due to recent unfavourable tax changes... and a house price crash is likely to persuade them to sooner rather than later.. Plus international investors pulling out of the property market...


This was my post around 18months ago.



sikhthetech - 21 Jan 2019 - 14:27:54 - 22521 of 26916
Marks,

I heard similar prior to previous house price crashes... won't happen, localised, EU immigration will keep prices high etc..

What happended?

House prices tend to ripple outwards from London...
Buy to let is not as favourable as it used to be, so fewer Buy to Let Landlords,
Brexit concerns.. how many will migrate back to EU?
Interest Rates... looking as if rates likely to trend up..
Economic slowdown..

Should be interesting year or so ahead...

Doesn't mean all areas will suffer similar falls... Just a trend of falling house prices tend to ripple out... and it takes time to do so...