Taylor Wimpey Share Discussion Threads

[imastu pidgitaswell] 11/8/2020 11:49

As I said - that is the reading of the doomsters. Fair enough. Just stating, as was 671, a couple of other perspectives. It's a market...

[sikhthetech] 11/8/2020 11:46

"likelihood that with a much shorter planning cycle"

which should lead to significantly lower premiums for land with 'planning permission'. Currently investors buy land without planning permission, spend months /years on obtaining planning and if successful, the land commands a significantly higher premium. That significantly higher premium will disappear..

The majority of a property price is the price of the land it sits on... If land prices fall then so will property prices...

[jugears] 11/8/2020 11:34

Dd, most houses on sites I work on are sold before they are built.

[imastu pidgitaswell] 11/8/2020 11:31

All true - the other thing that didn't (to me) appear to be noted from last week's planning laws changes is the likelihood that with a much shorter planning cycle, the amount of cash that builders will need to have tied up in WIP - from acquisition of land to selling a property on the land - will be massively reduced.

It doesn't change the economics overall, which is still about pricing, but it will reduce the cash requirements for the land banks of the housebuilders. All the focus of the doomsters is on the potential for write-downs (but see previous poster comments) - but little on the positive consequence on cash.

Regarding the wisdom or otherwise of trading volatility - I'll just say I'm not very wise... :-)

[woodhawk] 11/8/2020 11:08

Back into TW. and BDEV after a few months absence. Looking for some overdue upside and potential restoration of dividends further down the line.

[growthpotential] 11/8/2020 09:58

Yeh like he comments on stocks but has no skin in the game. Very sad

[martyn9] 11/8/2020 09:38

It appears market sentiment against the HB's, just sit and wait for autumn updates in this sector.

[pander45] 11/8/2020 09:08

Not such an idiot it seems.....your weakness is your own pomposity.

[imastu pidgitaswell] 11/8/2020 09:05

Mmmm, 100 points on the FTSE and the builders barely moved after a false start. Not today, Josephine, it seems.

[gbh2] 11/8/2020 08:28

"There is always someone anticipating an imminent equity market correction"
pander has a string of negative posts if you read through his profile so I assume either another Manic depressive or an idiot that thinks comments on advfn can affect a share price

[essentialinvestor] 10/8/2020 23:46

If you are looking over the next 3/4 months,
whether we face disruption due to more lockdowns is the key factor.

The state of the economy should hopefully be clearer come late September/October.


There is always someone anticipating an imminent equity market correction,
none of us know the exact future.

[pander45] 10/8/2020 23:29

I'll be bullish after the impending market correction thanks.

[1sjh] 10/8/2020 22:08

If your not bullish now when u can buy stocks at 2010-2015 levels I dont know when you can be.. my company is also seeing turnover at my past high levels. Let's hope it continues.

[jugears] 10/8/2020 21:49

Sikh what is unusual.is how busy we are but then during the financial crisis my profits & turnover doubled, all I have seen so far is a few thousand people being made redundant that is not concise evidence that we are heading for mass unemployment only time will tell but I am not concerned at the moment I am not expecting the great disaster you predict , a bit of hardship for some for a while , but things will recover & unemployment will go down even if it is slowly, let's just face it we both have our opinions, you think you are right & I think I am, I am long term.hete it doesn't matter what happens between, investing is one of my many hobbies & interests & certainly not reliant on it for income as I am sure you know !
We are all in unusually times but everything has a bottom it's making the most of it & having the confidence to stick with your investments & invest more if you can, it's been a roller coaster ride here at Tw but in ten years I am substantially better off here than any return on property or building society account.

[sikhthetech] 10/8/2020 21:05

Jug,

Do you see this like any normal downturn which has occurred in the past?

You don't see any unusual set of circumstances????

[jugears] 10/8/2020 20:55

Sikh the country wasn't in a down turn prior to this & I see no indications yet there will be anything morethan a minor one, pubs & shops may have had there day but online & super markets are making up more than the short fall the country is moving again slowly bit surely, I really dont understand your negativity ,my business is absolutely booming at the moment, companies are paying faster so as far as I am concerned it couldn't be any better.

[1sjh] 10/8/2020 20:44

Don't they say that every reccesion.. that time it is different ? Can only go on the fundamentals or go buy gold. I see inflation around the corner..

[sikhthetech] 10/8/2020 20:23

Jug
"I have no doubt whatsoever that Tw management are more tha capable & have a good long term plan"


It's not a normal downturn, where history tells you it'll take x number of months to recover...
you can only wish things don't get too bad...

There are several economic/political events coming together over the next few months..

[jugears] 10/8/2020 20:15

1sjh,nothing wrong with carrying tax over to another year, I have no doubt whatsoever that Tw management are more tha capable & have a good long term plan , they managed to turn a company with 1 billion plus of debt around in a very short space of time, many or most companies would have chosen the easy route & gone in to administration owing all that money, for that I have great respect for the Tw management team hence the reason I am still here & will be for a very long time in the future, Despite the manic depressive doom mongers on here I have no doubts as to where the share price is heading over the ne t few years & that's the same as house prices, up.

[1sjh] 10/8/2020 20:05

Its a great way of avoiding tax also lol.. yes I'm no financial expert but I am as many here a buismess owner. Sometimes I'm thinking on the lines of "what id do" in the big league its different. Somehow I have ended up with a little too much of my portfolio invested in this, I do have a feeling here the management has a real plan for the next 24 months. Be interesting to see those full accounts at YE

[jugears] 10/8/2020 19:59

Sikh I'm am to busy for holidays & they will be back to work soon enough.
1sjh,it depends how many houses were built/ how many weer sold & then they have paid contractors up front retension payments, so less outgoings in the months following shut down, I would like to bet there next results are better than.the markets expect !

[1sjh] 10/8/2020 19:50

I'm fairly sure these will of been factored into the HY loss they released 2 weeks ago. I havnt seen any full accounts to verify but its standard practice for businesses to deprecate assests in accounts and legitimate. There is no other way I could attribute the losses they claim to of occurred (compare year on year). In the real world I believe land prices are increasing and from the auctions I see I believe house prices are increasing higher than the figures suggest. But you are correct is saying TW has not stated such, I would be slightly worried if the posted losses did not include writing down of assets.

[sikhthetech] 10/8/2020 19:48

Jug,

It's 10th Aug, millions still on furlough and with mortgage pay hols, who think it's an extended, taxpayer paid for hol...

Haven't you seen the thousands on the beaches without a care in the world, who think they are ok...