Taylor Wimpey Share Discussion Threads

[gaygay3] 09/11/2020 11:47

TW update about the same as CN update CN up over 20%in a few days if TW follows the same lines share price should be about £1.50 soon with PNS update soon we could get there everything looking good if they go back to 120 will buy more or have I missed the boat any thoughts

[jugears] 09/11/2020 11:37

1carus, if a vaccine & Brexit sorted I would expect to see this in the 250 range. At the moment it appears that hb's , Estate agents & so called property experts can't except that house sales are increasing due to the fact that people just want to move!
My own estate agent admitted that his only theory was that Stamp duty holiday was pushing house sales but had no facts what so ever to back this up & neither have the so called experts, It is just an assumption that something the government introduced is helping, I have no doubt in my mind that demand will still be there when it ends & would have been anyway, As for help to buy for first time buyers, that is where it should stop, at first time buyers.
I bet a certain person wishes he had bought when they reached his PREDICTED TARGET???????? but seriously why didn't he????????

[investor73] 09/11/2020 11:34

It could easily top 200p by the end of the year.

[1carus] 09/11/2020 11:21

I wonder if it will go thru' the 200ma and stay there this time. What you reckon Jug ?

[imastu pidgitaswell] 09/11/2020 11:00

Nah, I'm so much more mature than that...😜8540;😜

Anyway, he is, and will remain filtered. Done it all before (posts 1700-1770) and he has nothing to contribute. Leave it, would be my advice.

[cl0ckw0rk0range] 09/11/2020 10:20

It probably got declined for HTB and has been having tantrums on here ever since."I'm sorry sir we don't cover HMOs"LOL

[jugears] 09/11/2020 10:13

I woke up last night & realised that sikhs desperation is not to dissimilar to Jeremy Corbyns who clearly thought he should win the election & get into power only to be thrashed by Boris (a bit like someone across the pond) Irealised he also reminds me of that irritating English teacher I had who also highlighted mistakes & comments in red !
Don't reply you are filtered along with your irrelevant mates.

[jugears] 09/11/2020 10:11

That 200k purchase at 98p (the bottom) is now looking like a very good purchase. even my smaller purchases earlier are now coming back to profit. Stamp duty holiday is not the driving factor, many people have been put off purchasing houses in the last 2 years due to elections & Brexit, peolple are not so much bothered about deal or no deal but more about if we are leaving or not, It was looking obvious to me that when we finally agreed to leave & Boris got back in to power that this year was going to break all records, my feeling is whilst people have delayed there plans most will still go ahead as we are seeing now & would have irrespective of stamp duty holiday, you have to member that the government are totally out of touch with reality as are ons reports, As can bee seen in the past with very premature interest rate cuts(that have helped know one!)the government & BoE rush in with all guns blazing without sitting down & thinking things through properly, this is also evident as they have closed none essential shops (IMO this is probably one of the safest places to be knowing first hand the lengths retailers have gone to protect customers) & left schools open? IMO schools & pubs should have stayed closed until at least January! Perhaps the Government think that companies are ran like they are chaotic, dysfunctional & disorganised , well were not & thats why this country has some of the oldest running companies in the world, We Stop Think & Plan before we act irrationally. Well done Tw management, brilliant statement AS EXPECTED! & a brilliant company to work for, IMO too few companies like this, well managed during the financial crisis & well managed through Covid & Brexit transition.

[sikhthetech] 09/11/2020 09:56

TW clearly state govn support and specifically "First time buyers". Housing market needs first buyers. as expected.

On Friday, Redrow said they will beat market expectations, whereas TW have said they will be in the upper range (so not beating market expectations).


Outlook:

"Looking ahead, we expect the market to support robust sales rates and for prices of new build homes to remain supportive. We are pleased to note the Government's ongoing support for the housing market, home ownership and, specifically, first time buyers."


"We have made good progress in the second half of the year to date, maintaining a robust sales rate and building a strong forward order book. Looking ahead, we are on track to deliver full year 2020 results towards the upper end of market expectations"

[1carus] 09/11/2020 09:31

Nice, inevitable, but nice. Don't think I have ever held so much of my pf in one stock since Pace(PIC) days. Gotta dash I can smell something burning!!!
Now, I just need something similar with lloyds.... there must be a tangible link between the UK's biggest mortgage lender and the housing industry.... just sayin'.

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

gbh - yes, I did note 'never' and that it depends on the specifics. i.e. can you think it through rather than rely on a one size fits all response in all situations. In this case, we're talking an asset-rich, cash-rich construction business able to continue through the pandemic, with a planned dividend still retained on the balance sheet, with a recently raised £500m in cash, with useful information on current trading from Our Own Correspondent (jugs) - it doesn't get any more obvious as a reason to buy more if it goes lower.

Have sold some, obviously, but with over 200,000 of them, I couldn't hold on to all of them. Will buy them back if it pulls back, and not worry about if it carries on up - still got plenty.


Just at the end of the t/s, it quotes "The current company compiled consensus expectation for 2021 is for operating profit in the range of GBP359 million to GBP626 million" Given that they also say "Assuming the market remains broadly stable, we therefore currently expect to deliver operating profit* in 2021 materially above the top end of the current consensus range", maybe that says forward Op profit of, I dunno, £700 million? Profit after tax (minimal interest cost) say £500m. Current market cap (at 137 and 3.631 m shares ) is £5 billion more or less. So 10 times earnings. Looking further forward into 2022 and beyond, that multiple comes down notably.

[garycook] 09/11/2020 09:07

Great news,If anyone was Shorting TW.Burn baby burn.What a great buy at 100p.Gift from the Gods.All the doom and gloom merchants silenced.Onward and upward.Skinny the TP will be raised to at least 200p now.

[kipper62] 09/11/2020 08:52

JUGEARS must frequent the same pub as me

[action] 09/11/2020 08:47

Wow. Where are doomsday merchants ?

[sikhthetech] 09/11/2020 08:46

Jug,

You were completely wrong again.
Housing market IS benefiting from Help to Buy and Stamp Duty hol.
As expected.


"Customers have benefited from the short term extension to the current phase of the Government's Help to Buy scheme and the Stamp Duty Land Tax holiday."

[jugears] 09/11/2020 08:45

I did say a little birdie told me these were about to go up, I also said that Tw.trading statement in July was over cautious. AS EXPECTED ! A good trading statement. Sometimes its is not what you know its who you know!

[martyn9] 09/11/2020 08:45

Excellent rns, given time we should see £1,60.

[tlobs2] 09/11/2020 08:39

It'll be 150p before sikhthedrowningnontech wakes up :-)

[salver2] 09/11/2020 08:38

You really are an idiot sikhtech