Taylor Wimpey Share Discussion Threads

[barf2] 26/7/2010 07:52

Lol!

Grrrrrrrrrrrrrrr!

Where do we go today?

A mild sense of hope in the air?

[the_analyst] 26/7/2010 07:51

Morning barf2.

Seems you failed the stress test again!
:o)

[barf2] 26/7/2010 07:40

The Telegraph has had a go at the bank stress tests and now is back at house prices again!





Have you noticed the way these 'confidence surveys' etc are put out as if they had any actual merit?

So, that well renowned sage of house prices Miles Shipside [wrong more often than he's been right]tells everyone house prices are going to fall over and over again and then asks people 'what do you think will happen to house prices?' to which they reply 'well,you said they were going to fall so I suppose they are going to fall' at which point Miles gives himself a high five.

That fact that the surveys remained largely the same in most areas didn't stop them making a dramatic headline.

Oh, the Daily Telegraph - what have you become?

[sequoia] 25/7/2010 20:38

Inverse head and shoulders forming on the DOW, any good news could take it back to 11,000. Course any bad news will take it`s effect.
seq

[the_beagle] 25/7/2010 11:48

smurfy....In other words it's a bargain.

[smurfy2001] 25/7/2010 09:52

Taylor Wimpey (LSE: TW.L - news)

Finally, housebuilder Taylor Wimpey is another stock whose share price has declined mightily over the past few years. From a high of 508p in 2007, its shares can now be bought for 25p each.

As well as the UK housing market, it is also exposed to the US and Spain, both of which have seen substantial house price falls. It has also been burdened by huge debts.

Taylor Wimpey raised £510m in a rights issue to repay debt last year, and expects to have reduced its net borrowings from £750m to £650m during the first half of 2010. Moreover, it is currently in talks to try and restructure the terms of its bonds and bank loans.

Consensus estimates are that it will make a pre-tax profit of £9m in 2010. Its interim results are due very soon, on 4 August. Its asset value is arguably the main attraction -- £1.5bn compared to a market value of just over £800m.

Further house price falls could result in more asset write downs of course.

In the short term, it may bounce on positive news about debt restructuring or the sale of its US business.

[ronwilkes123] 24/7/2010 18:54

jab118 everything is going to go down in value social anarchy, blood in the streets, in peckham they wont notice any difference

[jab118] 24/7/2010 18:04

beagle, are you sure you haven't been smoking any magic weed !!! ;_)

[spennysimmo] 24/7/2010 17:46

And what happens to the existing shareholders in the interim???

[the_beagle] 24/7/2010 17:16

spenny... There are lots of funds out there at the moment sitting on vast amounts of spendable cash, just looking for bargains. Their secret is to buy companies on the cheap, clean them up if necessary, strip out waste and refloat in better times making big, big profits for their own investors.

These funds are lurking all the time looking for bargains. It is not unknown for them to deliberately depress a share like TW through market dealings or generally talking it down on bulletin boards, and then to come in with a cheeky bid after acquiring an undisclosable 2.99% holding.

They are out there. That is why the share price has very little downside in my opinion.

[spennysimmo] 24/7/2010 16:39

be taken private?

[the_beagle] 24/7/2010 15:41

jab...The worst is in the past. TW are half the price they were earlier this year and imo the upside at today's share price is much greater than the possible downside, which could not be more than a 5p drop. At that sort of level it would be taken private. A confirmed BUY imo.

[barf2] 24/7/2010 10:39

Morning sheriff.

Ooops, I mean Jab [easy mistake to make wouldn't you agree?]

Sheriff cooking breakfast this morning?

[jab118] 24/7/2010 10:35

Debt pile will soon increase, house prices in the UK will fall further, then what will happen will happen....;-)

[jon827] 24/7/2010 09:53

Don't think it's quite a FDL situation, but on a low risk reward swing trade ill be waiting for 31.5

[gbh2] 24/7/2010 09:49

It would appear its going to take a while longer than I'd originally envisaged to get a profit out of this investment, but I'm sure it will come good eventually so buying at these levels is a bargain as far as I'm concerned.

[jab118] 24/7/2010 09:43

jon. yep I would expect your thinking negative with TW mate. go with you gut feeling, it will happen here just what happened with FDL last week, really soon.

[jon827] 24/7/2010 09:34

31.5 would be a good short imo

[the_beagle] 24/7/2010 09:20

U K new house sale figures due this week could show a 13% increase for June, it's reported. Roll on 30p!

[newkid] 23/7/2010 15:12

spenny. It's called covering their backs. There is no one out there who has a clue where we are at the moment. That's why the hedge funds can play around as much as they like. There's just nothing to stop them.

[the_analyst] 23/7/2010 14:38

Apologies barf!...I'll go stand in the corner (and hide from the baddies)!

[spennysimmo] 23/7/2010 14:25

I read this morning on Sky news that it will be bad for investor confidence if too many banks fail the stress tests and if too many banks pass the tests then there will be concerns that the tests were not stringent enough and would they really be able to cope in the wake of another crisis.

Figure that one out!

[barf2] 23/7/2010 14:23

Them! analyst, Them.[the evil baddies]

I'm well and truly in.

I fancy the stress tests results will give a lift to the markets.I'm sure there will be some negatives and the sorts will focus on them and tell us how the economy is doomed etc but overall I expect the markets to move up over the next couple of weeks.