Taylor Wimpey Share Discussion Threads

[ftir1] 19/8/2020 11:00

It make me laugh, people talk as if this can only go one way, up!

THIS IS NOT A ONE WAY TRADE from these current levels.

This will very probably go a lot lower than £1 over time.

[jon12345] 19/8/2020 10:49

lol, love the way people like you say that as though you know what you're talking about, like some kind of sage, 'buywell says', lmfao. yet fail to acknowledge the share price is already half what it was back when things were 'ok', so downside already accounted for. catch up, lol!

[buywell3] 19/8/2020 10:26

Lots of properties coming on the market now , second homes and former rentals and holiday homes, AirBnB plus oldies moving down or youngsters buying a brick pile for the 1st time.

buywell reads this as the clever money is cashing out or trying to

However if you look deeper there are loads of property price reductions shown on Right Move in last 24 hrs search

Also look at House builders charts --- they are all trading lower = trouble coming

A property crash will hurt banks charts too and they are already looking like toast

imo dyor

[imastu pidgitaswell] 19/8/2020 10:03

Financial Times:




Persimmon, the UK’s largest housebuilder, has said it will restore its dividend as a rapid rebound in property sales buoys its prospects. 

The company said better than expected demand for its homes had allowed it to reinstate a payout that was suspended in late March. Investors will receive 40 pence a share. The only other listed UK housebuilder paying out a dividend is Berkeley Group, which opted not to suspend payments, according to analysts. 

Buyers have returned in a flurry since lockdown measures were eased in May, and were further boosted by the government’s introduction of a stamp duty holiday in July. According to property portal Rightmove, July was the busiest month in a decade, with £37bn worth of deals agreed.

Persimmon’s sales in the seven weeks since the start of July have been 49 per cent ahead of where they were in the same period a year ago, according to the builder, which announced its first-half results on Tuesday.

Profits at Persimmon have tumbled, however, thanks to fallout from the coronavirus pandemic.

The builder’s pre-tax profits for the six months to the end of June slipped 43 per cent, to £292m, after it was forced to close construction sites for more than a month. The company completed 4,900 homes in the six months, compared with 7,584 in the same period a year earlier. 

But Persimmon’s order book has grown, despite the effects of the pandemic, which forced Persimmon and other builders to close sites on March 25. Forward sales are running at almost £2.5bn, against £2bn a year ago. 

The company beat its rivals out of the blocks once lockdown measures eased, according to Aynsley Lammin, an analyst at Canaccord Genuity. “They have been quicker. Operationally they obviously got everything ramped up,” he said. 

Unlike most other large housebuilders, Persimmon did not make use of the government’s furlough scheme. Peers that did, including Barratt Developments and Taylor Wimpey, subsequently committed to pay back what they had received. 

“The decision to not furlough meant we were ready for when the lockdown was released. We had good visibility and we knew there was a lot of market demand out there. That gave us confidence and conviction to get on site quickly,” said Dave Jenkinson, Persimmon’s chief executive, who will be replaced by National Express boss Dean Finch at the end of the year. 

The company is building at full capacity, according to Mr Jenkinson, while a number of rivals are at only 80 per cent. Taylor Wimpey announced last month that it had swung to a pre-tax loss in the first half of the year.

Shares in Persimmon were up 5 per cent to £27.40 in morning trade. The company’s share price has recovered further and faster than its largest rivals, gaining 79 per cent from a March 19 low but is still trading at a discount to where it started the year.

[imastu pidgitaswell] 19/8/2020 09:41

I think there is a lot in that - but I also don't think any of it is permanent. Just a lot of toys-throwing. PSN and TW. are in the same business, in the same country and making and selling the same things. Both with truckloads of cash and assets - and no debt.

This is an opportunity.

[disneydonald] 18/8/2020 22:39

Well, seems that the market is less impressed with Wimps response to managing COVID, than its competitors. Seems Wimps were happy to shut down and wait it out, whilst PR focussed on managing relationships with the Government and industry posturing. Still, Wimps will catch up eventually, but the market will likely consider their response as a misstep vs its competitors. Time will tell whether many institutional share holders are switching out of Wimps and into other more fleet a foot builders.

Wimps have not really convinced the market that its cash call was really to do with buying land at exceptionally cheap prices, and maybe more to do with avoiding an embarrassing cash shortage. After all, Wimps have the largest land bank of any of the builders anyway. Why risk digging a deeper hole.

However, given a recovery from COVID and supportive government policies re help to buy etc., then Wimps are likely to be a decent mid term investment, unless they are taken out by private equity.

Of course as usual, open to comment and alternate opinions. Preferentially backed by serious non biased arguments. I am a major holder of Wimps.

[sikhthetech] 18/8/2020 17:49

jon12345,

"zippy from rainbow for pm"

He'll be better than the current PM, Bungle from Rainbow..

lol

[jon12345] 18/8/2020 17:05

yeah and zippy from rainbow for pm

[oakville] 18/8/2020 16:44

Under a pound still on the cards.

[simonsmithiv] 18/8/2020 16:43

Indeed, disappointing. Sells gone now so maybe it can catch up tomorrow.

[imastu pidgitaswell] 18/8/2020 16:22

Yeeus. PSN up around 8%, while this, erm...

Any other builders still to report?

[simonsmithiv] 18/8/2020 16:00

very frustrating share, when all else are blue it might go red

[sikhthetech] 18/8/2020 15:03

If HBs are doing well then the govn may as well revert the recent Stamp Duty Changes...

Still lots of jobs being lost and over 2 months until furlough scheme ends.. and possibly millions of people out of work..

I thought about drip feeding in following PSN's results but have decided there's still more downside risk for now.

[imastu pidgitaswell] 18/8/2020 14:53

781 - also noted in post 638 and 534 also a bit of perspective, playing out quite well so far.

[jugears] 18/8/2020 14:49

now being manipulated back to 1.70 , just in time for when Tw report IMO !!!!!!!!

[simonsmithiv] 18/8/2020 14:46

lagging it's peers by some way, so money to be made when it plays catch up


free stock charts from uk.advfn.com

[simonsmithiv] 18/8/2020 14:44

it's being manipulated alright

[simonsmithiv] 18/8/2020 14:41

also ran in terms of share price, lagging the others by some distance

[jugears] 18/8/2020 14:36

dD, the word MANIPULATED comes to mind with regards share price.

[simonsmithiv] 18/8/2020 14:18

"also rans"? Taylor Wimpey's all over the place round here, thousands of them.

[jugears] 18/8/2020 14:12

Also rans Lol