Taylor Wimpey Share Discussion Threads

[smurfy2001] 20/4/2020 21:33

With banks and building societies receiving over a million requests so far for mortgage payment holidays, their resources have been prioritised on assisting existing customers to help them mitigate unforeseen financial difficulties.

[smurfy2001] 20/4/2020 21:29

I see a number of banks only providing mortgages if you have a 40% deposit.

Also a few weeks back l could borrow £50K no questions asked now they've limited it to
£10K.

Wouldn't exactly call it a credit crunch more a credit squeeze at the moment.

[gaygay3] 20/4/2020 15:51

same old rubbish if CV has destroyed TW business model it’s destroyed all builders

[bricktycoon] 20/4/2020 15:06

This is busy massive crash tomorrow. With help to buy a thing of the past and the credit bubble burst this is going to be below 1 pounds support this week. 2008 lows are imminent. Covid 19 has totally destroyed Taylor’s business model sell

[gaygay3] 20/4/2020 13:11

government looks like it could extend HTB scheme for a extra year all ready talking to HB so way is the scheme a thing of the past

[sikhthetech] 20/4/2020 13:05

1carus,

"Unlike 2008 where pretty much all sectors were affected the same, credit crunch etc,"

I think it'll be worse than 2008 and this time all sectors, although not all companies, will be affected in some way.

Foxtons recently asked for £22m as a precaution..


“Notwithstanding our current strong financial position, the board considers it prudent to raise additional capital at this time to enable the company to maintain liquidity in a reasonable worst-case scenario and preserve vital business capability to support customers when the Covid-19 pandemic subsides.

[bricktycoon] 20/4/2020 12:10

This dog is doomed 2008 lows weeks away. With sales destroyed by covid 19. Property prices plunging also help to buy a thing of the past this will crash towards 80 p this week sell sell sell greed of the board in the bubble will haunt investors bust

[1carus] 20/4/2020 12:01

The next 3 weeks will be interesting. Gonna be difficult .to work out what damage has been done to which companies. I think the initial market drop only reflects, as always, opinion as the damage was not done at that point. Given the fact thatbcovid numbers are flatlined and not dropping I foresee further lockdown extensions. Over the next month we should start to see which companies are coping with the shut downs. Unlike 2008 where pretty much all sectors were affected the same, credit crunch etc, which we are sure to see some of that here, this time round it is going to be sector / company specifics. Not sure everyone is going to start buying big items, cars, houses etc not knowing if the Rona will be back next year. That said, I am confident in TW, just lose a year or so of exceptional returns for me I guess.

[gbh2] 18/4/2020 10:38

I've never felt the need to remove a Filter :)

[jugears] 17/4/2020 20:06

you know how its is you read an interesting post & you want to know what its about & sometimes you need to unblock to do that,Despite being a bit of a c--t I am quite interested in other peoples views I just prefer it if they match mine lol.

Anyway I'm going home now as have been here since 6 this morning & back in tomorrow, at least the M1 should be empty !

[wfl1970] 17/4/2020 19:32

"I might just unfilter you then"

I'd say you already have! ;)

[smartie6] 17/4/2020 19:19

Don’t act too soon.

I’m bound to have my doom and gloom head on Monday. Lol.

Have a good weekend.

[jugears] 17/4/2020 19:11

I might just unfilter you then

[smartie6] 17/4/2020 19:05

Respect Jugears.

I have my serious head on today.

[smartie6] 17/4/2020 18:54

Nice one Martin, I thought you may bite. Respect.

[martyn9] 17/4/2020 18:41

Smartie, nope I'm a Yorkshireman a horse and cart will get you from A-B. : )

[smartie6] 17/4/2020 18:37

Bet you drive a flash car Martyn. Trophy wife and kids at private school

[martyn9] 17/4/2020 18:28

Jug,for the record I am self made and started with nothing, having gone through numerous recessions and survived I'm hopefully will see this out.I don't squander company money not that I have to justify myself to any sod.My companies business is 85%HB's and as nearly all shut I made a prudent decision to apply for the 80% job retention scheme.My company can battle on for months but never look a gift horse in the mouth?Furthermore, are you self made or did you inherit the business from your family?Makes it easier if you did.

[smartie6] 17/4/2020 18:02

I may slag jugears off but I admire his conservativeness. Good on you.

Prudence wins over extravagance.

I've been to many companies on the brink and each one had owners driving luxury cars leased by the company at a time of laying off staff, and close to administration. A number had Bentley's and Ferraris.

[jugears] 17/4/2020 17:54

sikh,Point taken! I haven't applied for anything because I have enough money to pay my own staff wages, My point is that many companies do not have a clue what to charge as a profit margin & even less idea what there over heads are & this is why they have no funds in the bank, Admittedly as a manufacturer we have a profit margin between 40 & 60% before tax & know that I am in a very fortunate position, but at the end of the day it is knowing what to charge your customers,the amount of times I have come up against quotes from competitors that are half of what we charge sometimes you cant even by the materials for what they are charging. Every company should plan for the future & not 2 or 3 weeks in front, From the very beginning I always made sure that the company had a minimum of 3 months turnover in the bank, now that is substantially more, It also helps that I am quite thrifty with money some of my machines are 40 years old & some of my vans are nearly 20 years old but all earn the same as a brand new equipment/Vehicles, They might be old but they are paid for!

[sikhthetech] 17/4/2020 16:50

Jugears,
I said the companies run by my friends and family were in a similar situation to Martyn in that, as far as I'm aware they have applied for CBILS.



Maybe you should direct your condescending remark/gloat at Martyn and suggest he has been spending money living a luxury lifestyle...or the 6000, so far, companies who have been granted CBILS.



Martyn917 Apr '20 - 14:20 - 26936 of 26943
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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.


6000 CBIL granted so far:

[jugears] 17/4/2020 16:17

Sikh, How can you say they have always ran a successful business if they are in this situation, There are to many people who run companies very close to the brink & keep as little funds as possible in them, preferring instead to live the luxury life style, I have reinvested most of my money in to other assets that add to my income rather than by spending on big houses & flashy cars & paying for things as I purchase them I am also a prolific saver, in anticipation of the rainy day when I may need it, so far I never have.

[gbh2] 17/4/2020 14:36

"Keep pestering the banks."

Also Engage with the Office of your MP.

Our MP's office never fail to answer my emails, one assistant to my MP is currently looking into a Compliant of mine, she even managed to get it discussed in Parliament before they shut for Easter.