Taylor Wimpey Share Discussion Threads

[trikytree] 08/9/2020 11:37

Chart is pointing to sub 100 by Friday or early next week. Bargain once in to the nineties.

[gbh2] 08/9/2020 10:37

I may well have a dabble, thanks for flagging it.

[imastu pidgitaswell] 08/9/2020 10:19

Long story - recent change though as the CMA (remember them from last week?) had a long running investigation into the industry. Which clobbered their share price, naturally. And then a few weeks ago they basically dropped it due to the pandemic and not wanting to disrupt the industry - but will come back to it in 'better' times.

An interesting one (for me) - having watched for a long time, I missed the bottom after the CMA news dropped (and was leaked beforehand). Not bitter at all...

Anyway, I wonder if the 2 things (funerals inquiry being halted, housebuilder one being kicked off) are related. Quite likely, teams availabilty etc.

[gbh2] 08/9/2020 10:11

Wow, last time I looked it was 20 odd quid, has dying become unfashionable.

[imastu pidgitaswell] 08/9/2020 10:06

DTY early doors is comparable...

[gbh2] 08/9/2020 09:44

I trade AIM On Exchange that way I can set a number and a price and get on with my day.

Edit: You don't like the spread, none can be worse than cmcx ;))

[imastu pidgitaswell] 08/9/2020 09:40

But the spread, the spread...

I just don't like small caps. Too much insider stuff and leaks. I will do the odd one (VLX) but generally won't touch.

[gbh2] 08/9/2020 09:37

I'm not down to a penny difference, next on my shopping list is BP or M&G.

That is if I don't start building a AIM holding, now there's No Trading commission I can be in and out of AIM stocks at no cost. I even received a FEE adjustment Refund yesterday, for several trades I'd made in the recent past :))

[imastu pidgitaswell] 08/9/2020 09:28

Trying to time this next one - note the volumes declining, taking many of them (BDEV) just below their previous lows (the BDEV header has some useful medium term charts for all the builders in the header), stop-loss triggering etc etc.

[gbh2] 08/9/2020 08:49

Picked up a few more, continuing to build for next years recovery :))

[lucicavi] 07/9/2020 12:26

180p come come

[inaminute] 07/9/2020 09:51

Been on filter for ages. Just an idiot. Was hoping he would disappear when the schools started back. Cannot understand certain posters replying to his taunting rather than just filtering

[imastu pidgitaswell] 07/9/2020 09:31

Don't come on here with stuff about perspective and quantification - it's all about negative generalities and headlines.

A few headlines and rent-a-quotes, rehash of articles from a number of years ago, that's what is needed here, and thanks to our colleagues that's what we are getting.

The parallels with PPI are also obvious. Whenever you sell something to someone, there's a claim. Thousands, millions, don't be silly that doesn't matter, Taylor Wimpey are to blame and should be hit hard for all that PPI mis-selling as well. You know it makes sense. Sell.

Does that about capture it sikh? Don't bother replying, you're on filter.

[disneydonald] 07/9/2020 09:25

There a need to get this issue into perspective. PPI affected millions, which enabled the ambulance chasers to set up shop and make it worthwhile. This affects the tens of thousands, perhaps.

As for the industry coping with negative news flow, just look at PSN. Their ability to search out banana skins is legendary yet they are one of the better performers recently.

Plus Brexit this week, so headlines will soon switch to matters concerning “fishing”;.

[wfl1970] 06/9/2020 21:28

Mis-selling is the problem here...

Not the already allocated funds to compensate it, which, at this stage, is at the discretion of Taylor Wimpey....

I expect the compensation, to date, to get far worse...
AIMO.

[sikhthetech] 06/9/2020 19:23

Jug

"the same with leasehold some may have been misled well but you are not trying to tell me the rest were to thick to read or understand what they were getting in to?"


Use of Solicitors:
Majority of homebuyers using Help to Buy are FIRST TIME BUYERS.

Why would you expect FIRST TIME BUYERS(ftb) to understand covenants, leasehold/freehold/ground rent etc. That's exactly why they would engage the solicitor's advice.

However, the findings state in some cases solicitors were recommended HBs.

Parliamentary document.

Housebuilder's were recommending the solicitors to use...

"While developers have been accused of providing misleading sales information or
imposing onerous terms in leases, ultimately it was the responsibility of conveyancing solicitors to ensure prospective purchasers of leasehold properties were aware of the ownership structure and lease terms and their effect. It is the conveyancing solicitors, as opposed to the developers, who could be legally liable for failing to highlight these terms to prospective leaseholders. It was concerning, therefore, to hear several reports from leaseholders that they had been advised, incentivised or required by the developer to use a specific conveyancing solicitor, who subsequently did not advise them of onerous terms in their leases."




Similar to PPIs:
Banks also made early provisions a decade ago. Those provisions rose sharply over the years.
Apart from the initial loss from PPI payments, banks also had to pay interest (I think it was 8%, which is significantly higher than the base rate) Leasehold scandal has many years to run, so could end up similar to PPIs.


TW said they expect the scheme to run for several years.

"The Group expects the scheme will run for several years and anticipates approximately GBP40.0 million of the provision will be utilised within the next twelve months."




Onerous terms:
In terms of ground rent "doubling every 10yrs". The rate is significantly higher than inflation, which is why the HBs agreed to redress it using RPI-indexed rises.


Leading developers sign leasehold reform pledge, but critics claim its cobbled together

"For existing leaseholds, developers have promised to help them move to RPI-indexed rises in ground rent regardless of whether they have previously asked to amend their leaseholds or not.

The pledge also requires developers not to insert onerous clauses in future agreements, and ensure details of each leasehold are represented in a fair and transparent way.

Developers have also agreed to put in place both appropriate complaints and redress schemes to reassure leaseholders that any future problems are dealt with appropriately."

[essentialinvestor] 06/9/2020 18:22

We live in a compensation culture, so I'm afraid the rights or wrongs
may have little bearing on this matter.

PPI claims made several people who set up firms to deal with this multi millionaires.

Whiplash claims another area where huge amounts of money made.

Some of these claims were valid, far from all I would suspect.

I don't know the outcome of the leasehold issue, however it may not be
a quick resolution if the compensation claims firms target this area as the next money pot.



That being said, the main short term risk to the sector is a rapid escalation in COVID cases leading
to construction and selling delays, or eroding margins.

To be fair that's a risk for many others industries also.

If you want to take a bullish view, a case could be made a good deal of this is already in the share price

[gbh2] 06/9/2020 15:45

Pander45 6 Sep '20 - 14:33 - 1222 of 1222 (Filtered)

Been this way since third or four post and will stay this way as I've no interest in his/her views.

[pander45] 06/9/2020 14:33

Now now, temper. The price of your unbridled arrogance I suspect. There there now Juggy. Don't have a seizure, you are too good sport to lose on here :)