Taylor Wimpey Share Discussion Threads

[sux_2bu] 24/7/2020 15:31

Just noticed a gap at 102p, owell, will see how the 117.5p pans out first.

[disneydonald] 24/7/2020 15:31

I think you will find PSN and BKG have “stronger̶1; balance sheets. Wimps have committed the £500M share placing already, and only had ~ £300M cash after current liabilities.

[sux_2bu] 24/7/2020 15:29

Next week Buy order set for 117.5p

[essentialinvestor] 24/7/2020 15:28

Cyclicals starting to sell off, multiple sectors.

Perhaps people waking up to the dire economic outlook?.

1,000 people apply for a one receptionist job in Manchester within 24hrs, that's grim.

[stewart64] 24/7/2020 15:24

I'm surprised it has gone this low tbh. They'd got two thirds of a billion on deposit at the end of 2019, had no debts and made full use of furlough benefits. No dividend to pay out to diminish that strong position. They had the strongest balance sheet in the FTSE 100 bar none, if there is one I love to know. It's not like the housing market is particularly bad just now. Volumes are small but so are so stock levels. Not such a dreadful backdrop for releasing new builds. Puzzled.

[disneydonald] 24/7/2020 15:23

I’m with Imatsu, not enough volume to drive share price much lower. I try and track sales in London, as the markets see that as Wimps Achilles Heel. Seems they are selling the cheaper flats < £1M, but harder to judge > £1.5M. Order book can be misleading, only actual exchanged contracts and completed sales generate cash flow. If cash flow in June / July decent the I suspect Wimps might rally a little. IMHO.

[sikhthetech] 24/7/2020 14:53

I did say from end of July... ;-)

Furlough scheme is being wound down from next week...
And landlords can evict from next month..
1st lot of mortgage payment hols now finished.


Oct, furlough scheme ends, mortgage payment hols end..


The markets are going to be very volatile, too much economic uncertainty...
Too many potential flashpoints around the globe.

Talk of no deal brexit..

House price uncertainty...
Any news on H2B being extended..

[sux_2bu] 24/7/2020 14:47

Not today, but it will. 100% guaranteed

[imastu pidgitaswell] 24/7/2020 14:41

Nah, not on these volumes it's not.

[sux_2bu] 24/7/2020 14:39

Price going to 117p for the gap.

[imastu pidgitaswell] 24/7/2020 14:38

Depends what you mean by decent - they will notably down on the first half last year, as per the trading update in early June:

"Total Group completions (including joint ventures) in the 22 weeks to 31 May were 2,455 (2019 equivalent period: 4,052), reflecting the impact of site closures.

Our UK net sales rate has increased to 0.51 for week ending 31 May 2020 (2019 equivalent period: 0.85) and is now 0.72 for the five months to 31 May (2019 equivalent period: 0.99).

The UK order book has continued to increase and as at week ending 31 May 2020 its total value stood at approximately GBP2,779 million (2019 equivalent period: GBP2,515 million). This represents 11,228 homes (2019 equivalent period: 10,557 homes), excluding legal completions to date, of which 7,788 (69%) are exchanged (including affordable). We are operating on 231 selling outlets (2019 equivalent period: 255)."

So sales well down, current weekly sales rates (at end of May - now?) still down, order book 10% or so up.

The issue there is whether the current price - at c55-60% of the pre CV19 peak of 230-odd - reflects the reduction in cash generation for the first half, and the second half, and captures the business prospects going forward.

The last bit - the future - is the key share price issue, not really the first half results.

[martyn9] 24/7/2020 14:31

Trusting tw's half year results are decent next week 29th, although even on good results the share price usually drops so hopefully a few days later crawls back up.

[jugears] 24/7/2020 13:17

close enough for me, plenty of cash to buy more if I need to or have time to.

[rasl5] 24/7/2020 12:31

JUGEARS : you not wait for 130 to add more tw.

[essentialinvestor] 24/7/2020 11:50

Market might be overdue some volatility, does not mean it Will happen though.

[jugears] 24/7/2020 11:48

I would say the later, I have just purchased 2 lots one for long term & the other to sell in a month or so at £1.70.

[disneydonald] 24/7/2020 10:27

Shares trading in 1's and 2's are usually a sign that HFT Algo's are sniffing out hidden orders, with a view to trading within the spread or front running larger orders.

[clarky5150] 23/7/2020 17:29

So this is where you're all hiding :)

[andymunchkin] 23/7/2020 15:29

sikhthetech22 Jul '20 - 13:58 - 296 of 306
0 1 2
They not flavour of the year..
———;
TisCnt is rsmpingTly beware & dontLose yerShirt

[imastu pidgitaswell] 23/7/2020 13:51

Would be good if our contrarian indicator turned up though, claiming this is going to plunge - should turn things around...

[gbh2] 23/7/2020 13:29

AT generated just a process imo.

[doyden] 23/7/2020 13:19

Lots of odd trades going through - 1s and 2s. Who would buy a single share?

[imastu pidgitaswell] 23/7/2020 11:43

Volatile we like; dull and drifting - not so much...

[sikhthetech] 23/7/2020 11:35

End of next week is also the start of Furlough payments starting to wind down.

Also landlords can start to evict non-paying tenants from next month.

Still early days but expecting things to get more volatile...

[gbh2] 23/7/2020 10:52

I'll probably sell on news as always, then buy subsequent drop in time for increase as we approach ex divi date, it's worked every year for me :)