Taylor Wimpey Share Discussion Threads

[sikhthetech] 29/7/2020 09:36

Thanks Hernando,

So if the lockdown was a few weeks later, nearly £600m would have been paid out and they would have virtually run out of cash...

Sounds like the timing lockdown saved the day for TW.

[hernando2] 29/7/2020 09:34

Sikh

£599.7 million paid in total dividends in 2019 (2018: £499.5 million)

250 in Ordinary

[gbh2] 29/7/2020 09:34

A token dividend will do, meanwhile there's alternatives paying +5% that'll keep the portfolio interesting :)

[buywell3] 29/7/2020 09:32

All House Builders now rolling over IMO

UK property crash IMO now in prospect

dyor

[sikhthetech] 29/7/2020 09:32

The H1 results weren't good as I expected...

If they had not cancelled the divi and special divi (both about £500m) then they would have had serious cash problem...

It's early days, furlough scheme starting to be wound down from this weekend, evictions allowed next month and mortgage payment hols coming to an end in Oct...

Therefore, I'm expecting further problems over the next few months...and I doubt they will pay a divi for fy.

I don't think the bad news is in the price.

[hernando2] 29/7/2020 09:29

The ordinary dividend cost 250 million in the last full year.

Given the numbers we are looking at i would imagine it's very unlikely to start at the same level, since the financial crash the management have been key prudent in managing their cash.

So a token dividend to re-start i would think.

[1carus] 29/7/2020 09:28

Local town up here in Scotland had a Cala development start up just as Covid hit. It's not large, but they are now back building on it. Min price is 595K! and I hear that Cala get a very high percentage of cash deals. Similarly, checked out the local parasites yesterday and they seemed to be shifting properties like there was no tomorrow. I guess it might just be localised, but it seems the market is bouyant in my area.

[imastu pidgitaswell] 29/7/2020 09:19

Personally I wouldn't be surprised to see that gap at 117 or so filled - no bad thing long term.

Not too fussed about dividends, ordinary or special. The issue before any of that is excess cash generation to pay any dividends - operating cashflow after land purchases less capex. That is still fluid and unknown going forward - we need to see what the 'normalised' position is. Which will take time.

Longer term, yes, a nice steady dividend for long term holding would be nice. But plenty of stuff to happen before then.

[gbh2] 29/7/2020 09:19

Just reached my price, picked up some more for the 2020 final dividend.

[jugears] 29/7/2020 09:16

Martyn9, I think we will see £1.40 Rather than a £1, but happy to keep drip feeding if it drops, IMO Tw long term prospects are still very good & doesn't take long to return to profits once momentum picks up at least they have paid there revolving credit facillity back & have mentioned the word dividend, that alone makes some people on here look very stupid! ftir for one if i am correct?

[ftir1] 29/7/2020 09:13

You lot need to open yours eyes and understand what's going on here.
TW. may not survive this downturn!

STRONG SELL

[nicbw01] 29/7/2020 09:09

Bad news already priced in. I think the rights issues and the dropped dividend payment has strengthened the balance sheet. Market for houses will continue and recovery will happen. Back to the 130's pretty quickly.

[martyn9] 29/7/2020 08:59

Back to £1.40 plus in the next couple of weeks.

[growthpotential] 29/7/2020 08:50

Losers like you would sell after a big move down

[sux_2bu] 29/7/2020 08:39

Sub 100p arriving. Seat belts on please.

[sr2day] 29/7/2020 08:37

100p a certainty here.

[master rsi] 29/7/2020 08:35

Talk is easy on added

There is a GAP on the chart at 117 to 120p, with the bad news it should be easy to close next

[jock3636] 29/7/2020 08:35

Hoping for 80 p

[jugears] 29/7/2020 08:21

That was the reaction I expected this morning on opening & have added more to my long term investment.

[imastu pidgitaswell] 29/7/2020 08:18

As is every other business in the world. Barclays today, Greggs yesterday (closer analogy - consumer facing business with sales off a cliff).

It's all about the future and how you are positioned going into it...

[gbh2] 29/7/2020 08:17

Who isn't, in every way possible!

I more upset about no longer being able to take my grandchildren to school, not having them to sleep over occasionally and no being allowed to give them a Hug, than I am about my Huge Portfolio Loss!

[volvo] 29/7/2020 08:15

That was sobering reading.

These builders are just finger crossing and hoping for a return to more normal times.

Will end up with 100pc underwritten Help To Buy scheme to save the industry imo.