Taylor Wimpey Share Discussion Threads

[shoobmeister] 03/8/2010 15:44

He stuck his neck out the other day and has got to stick to his guns or else he'll look a prize muppet.
I think he will either way.

Robin Hardy not ramsey although............

+++++++++++++++++++++++++++++++++++

A wise, young, gifted and achingly handsome man once said:

"If you aren't flexible the market will snap you" - Shoobmeister (2010)

[ludders] 03/8/2010 15:43

and hes right , the housing market is f'cked til 2012 at least

;')

[shoobmeister] 03/8/2010 15:42

MM's now content to open up the spread and shaft the ones daft enough to sell! :))

[barf2] 03/8/2010 15:41

He stuck his neck out the other day and has got to stick to his guns or else he'll look a prize muppet.
I think he will either way.

Robin Hardy not ramsey although............

[sir brainy] 03/8/2010 15:24

Dullers, not every day you bank +10%.

Another 5% tomorrow or I'll eat my hat

[ludders] 03/8/2010 15:15

same sh't just a different day

;')

[trendfloor] 03/8/2010 14:36

And from pro TAer Zak Mir this morning commentating on the stock....

Zak Mir



Reged: 28/06/07
Posts: 1365
Re: CHART ATTACK - Longs and Shorts
#468250 - 03/08/10 08:40 AM Edit Reply Quote



Spot on, the gap higher today could be the start of something strong enough for TW. to get back to its 200 day ma at 36p over the next few weeks.

[ludders] 03/8/2010 14:32

Housebuilder Taylor Wimpey has jumped higher after it crept back into profit in the first half of 2010. But it is concerned over the possible impact of government spending cuts going forward. The Anglo-US group posted a pre-tax profit of £19.6m in the six months to June against a loss of £673m last time. Underlying profits rose to £79m from £2.8m, while sales rose to £1.23bn from £1.13bn. Sector peers Bovis, Persimmon, Bellway and Barratt Developments rise in sympathy

--

sell to 28p, then hasta la vista baby

[binladin] 03/8/2010 14:28

DEBT FINANCING HUGE CONCERN

[barnes67] 03/8/2010 14:06

I purchased some of these just after the double bottom confirmation that the lows are in, once shorters close this could easily move back above 50p. I wish I had more suprlus funds but put a big stake on Nestor Health (nsr) care the other day due to Directors buying and the results which are due in a few days dyor as usual. If I make some serious gains there I will add some more TW. shares

[sir brainy] 03/8/2010 14:05

Bye bye Dullers

[sir brainy] 03/8/2010 14:05

Sellers in control for the minute

[ludders] 03/8/2010 14:04

chaps, off now to richer pickings , back at 28p

[sir brainy] 03/8/2010 14:04

USA looks like a day of consolidation so 30p-31p the range

[spennysimmo] 03/8/2010 14:01

This will close just below 31p

[sir brainy] 03/8/2010 13:59

Taylor Wimpey Plc (TW.:LSE): Last: 31.35, up 2.83 (+9.92%), High: 31.75, Low: 29.05, Volume: 38.87mBEHere's Matrix with the summary.BEInterim results – in-line results, no major change to outlook in either UK (steady) or North America (volatile). NAV per share estimate for 2010 raised to 48p (42p) – group house prices up in H1 underlying 4%, 9.3% nominal. 86% of budgeted UK sales for the full year now achieved, 80% in North America: HOLD rating retained.BENo major surprises in the interims results to the end of June, with the tone remaining reasonably encouraging for the UK, although the US is clearly taking time to show sustained signs of recovery. Canada is still the best region in North America, with house sales rate up 18% against the same period last year to 1.18 sales per site per week. The house sales expectations set by the group were achieved in the first half for both North America and UK (and 80% and 86%, respectively, for full-year targets) by the end of June. Operating margin has recovered faster than we expected at 7.5% in the UK (-1%) and 7.6% in North America (5.2%), but driven mainly by a robust Canadian market.BEWe predict a less onerous period in the US in the second half, with pricing steady on gently improving volumes, while Canada continues to offer the strongest outlook for both price and volume for Taylor Wimpey. We believe Canada now represents around 47% of the North American business by turnover but contributes far more of the £28.2m of first half operating profit than the US. The spilt of business is 67% UK, 33% North America by turnover, so UK outlook should remain a critical area. With the key metric remaining mortgage availability, the slow recovery over the first half is expected to continue to the end of 2011, given comments on lending intentions by the main banks as reported by the Bank of England in its quarterly report.BETaylor Wimpey has demonstrated its determination to maintain the advantage it has wrung from the cost-reduction programme secured during the downturn and to strengthen the overhead controls necessary to meet its debt restructuring targets. There is little doubt that this is a much improved business, it is just not able to demonstrate value at the current price while its peers are trading with fewer if any legacy issues and certainly not the scale of pension liabilities derived from the large construction workforce Taylor Woodrow and George Wimpey once employed.BENet debt at end-2009 was at £751m. This fell to £660m at the time of the AGM in April and £650m now. We forecast this will be £728m by the end of 2010 once cost of paying for deferred land acquisitions start to gather some momentum and new site openings soak up some working capital. This implies a gearing level of around 53%. This is still a high debt level compared with the operational cash flow, and its land purchase restrictions of £150m in the UK and £80m in the US set by the bond and private note loan covenants could prove a hindrance once the housing market recovers further and a call is made for additional working capital and land.BEWith the NAV excluding deferred tax assets at 47p at the half-way stage – this should advance a little to 48p on our forecasts by the end of this year – the valuation seems to be up with events compared with its peers and the wider market. The HOLD rating appears appropriate for a company in a recovery phase while there appears to be better value elsewhere requiring fewer caveats for investors. 2011 is seen as the year of strengthening profit recovery at Taylor Wimpey, as it should be for most of the better-placed housebuilders.

[ludders] 03/8/2010 13:53

barf2, you dope lloyds is going to fly

;')

[barf2] 03/8/2010 13:46

wrong again ramsey.

[ludders] 03/8/2010 13:44

hows the boxing going rembrant , kept off the canvas this week

;')

[barf2] 03/8/2010 13:43

Course you did.

[ludders] 03/8/2010 13:40

shoob .. did well with this pile of sh't

;')

[shoobmeister] 03/8/2010 13:15

Ludders, great strategy.
Please buy more! LLOY and RBS are bound to fly tomorrow :))

Not.