Taylor Wimpey Share Discussion Threads

[trendfloor] 03/8/2010 13:14

Taylor Wimpey boss bullish on house prices
Hugo Duncan

03.08.10

The chief executive of housebuilder Taylor Wimpey today said fears of a double-dip in house prices were overdone.

Pete Redfern said the housing market was "relatively robust" despite uncertainties stemming from the general election and the wider economy.

He also questioned the accuracy of national surveys which showed house prices recovered strongly early this year but are now falling again.

Redfern said: "The statistics exaggerated things on the positive side early in the year and on the negative side in the last few weeks. We haven't seen any fall in prices. We do not think this will be a strong recovery or that everything is done and dusted.

"We think it will be choppy with some good months and some not so good months, but overall it will be steady."

Taylor Wimpey made profits of £19.6 million in the first half of the year, against losses of £672.7 million in the same period of 2009.

Revenues in the UK rose i11.1% to £827.1 million. It sold 4804 homes in the first half, a slight increase on a year earlier, and the average selling price increased by 9.8% to £168,000 due to the improving market and a greater focus on houses rather than flats.

[spennysimmo] 03/8/2010 13:11

To be honest, right or wrong I am wary of that after HSBC, everyone is expecting LLOY and RBS to fly on updates. The market doesn't tend to do what everyone expects. The DOW and FTSE are also a bit top heavy which won't help.

[ludders] 03/8/2010 13:06

spenny, stocking up with LLOY and RBS this week, report wed and fri

;')

[trendfloor] 03/8/2010 12:57

Broker Reco out.....

Company Rating Target Price Potential Upside/ Downside Contributing Broker

Taylor Wimpey

Overweight

58p 97.3% JPMorgan

58p share price target 97.3% upside.


Nice that will do me nearlly 100% upside.

[spennysimmo] 03/8/2010 12:54

Are you still holding those dogs LAM and EMG?

[jimmerandloz] 03/8/2010 12:48

Hargreaves Lansdown say Taylor Wimpey is a Buy according to industry consensus, albeit a speculative one.

[spennysimmo] 03/8/2010 12:43

I don't have a holding in Yell at this moment in time, but I will.

[ludders] 03/8/2010 12:41

spenny , have you dumped that dog yell yet?

;'()

[spennysimmo] 03/8/2010 12:38

How's it going old bean. Same old same old I see.

[spennysimmo] 03/8/2010 12:35

A TW. shorter has been found this morning trying to calm his nerves...

[barf2] 03/8/2010 12:30

Still got the flat in Hove?

[ludders] 03/8/2010 12:25

but what they failed to tell you is that the housing market is going to CRASH by 25% in 2011

[tammo69] 03/8/2010 12:24

Tw.
I have feeling that we will be 40p by end of this week!! Tw. is on sky news headline for prifit making and the intervirw was excellent by the chief executive of the TW.
I bought when it was 55p and i know this company is long way to go from here GL.

[barf2] 03/8/2010 12:19

RAMSAY

If anyone followed your advice they wouldn't have any money left any more.

[ludders] 03/8/2010 12:18

bordersboy, if you had followed my advise earlier this year for 28p you'd also be rich , rbs is a better bet for friday

;')

[the flop] 03/8/2010 12:15

right all, off to bed, 4 hours behind so been up since 2am to catch the rns. Have fun, be back at 4.30pm just in case Sir Brainy gets his tail out ;-)

[barf2] 03/8/2010 12:15

I think that the phone call went:

'Why is this going up when we gave you instructions to take it down?'

'We can't control it, people keep buying it,we've held it for too long I tell ya,too long we're gonna get burnt'

'Well break your sells down into smaller parcels and onto the book.Don't let the buys touch the book,you know what we agreed back in June'

'Your choice but we won't be able to hold it for long'

[shoobmeister] 03/8/2010 12:09

Marcap - a smidgen under £1Bn...

£999.12m @ 31.25p

[the flop] 03/8/2010 12:08

least we forget HSBC 20p ROFLHO!!!!!!!

[shoobmeister] 03/8/2010 12:07

Broker views from the last two weeks:

03-Aug-10 Shore Capital Hold 0.000p - - Reiteration
28-Jul-10 Panmure Gordon Buy 27.01p 33.00p - Reiteration
28-Jun-10 Collins Stewart Buy 29.70p 47.00p - Reiteration
16-Jun-10 Morgan Stanley Overweight 29.30p - - Reiteration