Taylor Wimpey Share Discussion Threads

[jab118] 28/7/2010 17:10

I see the sh8t fell out of Yell today chaps, soon will happen here only a matter of time..

[the_analyst] 28/7/2010 16:30

Well Barf2, you said they were targeting 27p....uncanny!

[barf2] 28/7/2010 15:23

just as expected down we go again.

Of course, they could have used that 100000 buy that just went through Plus to match up with the 70000 or so sells off the book but then that wouldn't hace taken the share price down.

Is it shorters buying the stock on PLUS in blocks of say 100000 then feeding onto SETS in 2500 sell parcels?

[trendfloor] 28/7/2010 15:02

Taylor Wimpey FTSE 250 Consumer, Cyclical Buy 36 27.06 33.0% RBS

Broker share price target of 36p.

[the_beagle] 28/7/2010 14:59

smithy...I don't think anyone knows the answer!

[smithy69] 28/7/2010 14:45

I can understand why they want to drive the price down to get it cheaper and then rise it up again to make a profit
But what's the point of driving it down and then keeping it down
Surely they cannot make money just by holding it down
Please explain i don't understand
Thanks

[the_analyst] 28/7/2010 14:31

the_beagle,

"....If sale prices stay where they are and mortgages become easier to get at the lower end of the market..."

That is precisely the problem. The banks got bailed out and they are not prepared, or are overly cautious, lending to just any body.

If you have a large deposit, then they'd welcome you with open arms, else they fob you off! I know a friend of mine (1st time buyer) she had no probs as she was able to put down 30K. Another friend with 5k deposit had no chance. Same applies to lending to businesses. AND yet the bank bosses are lapping up large bonuses for their own disasters and apparent recovery!

Until the viscious cycle is cracked, we are some way from seeing a true recovery. The powers that be need to get a grip on this.

[the_beagle] 28/7/2010 14:09

I would think that new home builders aren't really looking for rising prices,nor needing them. If sale prices stay where they are and mortgages become easier to get at the lower end of the market, as seems to be the case, then TW with it's well written-down land-bank will be making plenty of margin.

Following their last market update, I just can't see next week's figures being anything but good.

This share price is miles too low imo. I just can't fathom out why!

[scars] 28/7/2010 13:32

Very few first time buyers can afford house prices as they are, let alone if they go up.

+

Most people who own houses are currently comfortable with interest rates at an all time low.

=

Prices go nowhere

It doesn't take much to work that out.

[barf2] 28/7/2010 12:23

Could be Cam,could be funds wanting to get onboard and have dictated the price they want [27pish]and the MM's are making sure that is where the share price waits.

I see the Telegraph have chosen to repeat the same article they put out last week under todays date again.

They are really,really bitter.

[camelot5] 28/7/2010 12:03

Really tempted to bail out,but got that gut feeling its being kept down at this level for something special..........I know "dream on!"

[barf2] 28/7/2010 11:55

I don't think it will as it bounced off it twice.Obviously if something dramatic happens then it could go anywhere but I think they want it between 25 & 27 for a while.

I can't see the results having much impact in the current climate as all the bears ,hedgies,pundits,brokers etc are busy looking for negatives in every statement and I wouldn't imagine there is too much for TW to be shouting about.

[camelot5] 28/7/2010 11:48

barf2

Do you see this going below 25p again?

[barf2] 28/7/2010 11:46

So there we go.They've tugged it below 27p by keeping all the buying away from the book.

I expect it to continually dribble all through the day unless they get a chance to bring it down in a few short sharp tugs.

[camelot5] 28/7/2010 11:23

Christ this is frustrating.Just had the Jehovah's at the door told them I was too busy to speak.Might sell this pile and run after them for a chat.

[barf2] 28/7/2010 10:00

Apologies for my tardy response.

When an 'A' trade goes through LSE it matches a buy and sell order off the book which dictates the official sp/spread.

PLUS is a secondary trading platform where TW stock also gets traded.PLUS is just like LSE used to be before SETS which is the automated trade matching system.It is run by Market Makers [these are the same market makers as LSE but witha marker to denote they are PLUS].

What we are seeing and have been seeing for a while now, is the MM's at LSE deciding where every trade should go.If they only allow sell trades to go through LSE and direct all the buys through PLUS then the book price will go down as the buys are not taking stock off the book.

People are paying over the offer price for stock through PLUS and ought to be asking their brokers why that is.

Toady they are having to direct masses of trades through PLUS to keep this where they want it.

Where they are getting the stock from to service all the buys on PLUS is anyones guess.Either a big selle who has not reported their reduced holdings or big shorting that the FSA have left the door wide open for.

That's how I see it anyway.

Now, back to ranting and shaking my fist at the moon.

[the_beagle] 28/7/2010 09:34

Well I've doubled up this a m, average cost27.19 so new average 26.7p. Hope I'm right, but the boys are certainly intent on keeping this low for some reason. If they have stock to sell I'm sure the current buying would allow them to up the offer a half p a day and buyers would happily jump on a rising trend. That does not seem to be their aim however.

[bordersboy] 28/7/2010 09:15

queue barf2 ! :)

[pedro519] 28/7/2010 08:56

anyone care to expand on whats going on on PLUS?

[barf2] 28/7/2010 08:46

They've got the share price down to 27p on the book and will not allow any trades to go through that might change that.

[bordersboy] 28/7/2010 08:39

chart wont show much volume as most of the trades are being put through PLUS

[scars] 28/7/2010 08:36

macd crossed, not much strength, looking like going back down a little.