Taylor Wimpey Share Discussion Threads

[jugears] 09/6/2022 17:07

Where are the houses that they will be buying ? There aren't enough for the ones that can afford to buy them now !

[disneydonald] 09/6/2022 16:55

Well, I cant see any chance that people will be able to use Housing Benefit as part of their "income" for mortgage applications. Too many issues, such as variables that affect housing benefit entitlement constantly fluctuate making it difficult to count as stable and consistent income. As a consequence, any lender will load the interest rate to compensate for the increased risk.

Also, if the Housing Benefit benefit is to be counted as income, then surely that opens the door for benefits to be counted as income, and therefore taxed as income. Thats not going to happen. Can't see the Treasury supporting that typical Boris idea.

Just another of the bird brain ideas Boris is throwing out there to distract from his own Partygate troubles.

[rwlly1] 09/6/2022 15:56

Well he is copying Mrs T, trying to buy a few more votes ready for the next election.

[sikhthetech] 09/6/2022 15:47

as expected, demand drops.. watch the supply increase...




Meanwhile the PM sets out plans to allow housing benefit claimants to get mortgages!!!
Was he drunk when he suggested that!!!

Affordability impacts current homeowners as well as potential buyers.. The current Help to Buy scheme is ending early, which is not surprising given it's toxic, esp now we have very high inflation...


Boris Johnson sets out plan for benefit claimants to get mortgages

[disneydonald] 09/6/2022 11:37

Rightmove is predominately a second hand portal, new house prices are actually rising. The shortage of second hand houses are actually supporting the new build sector as people decide to go for certainty rather than fight it out over second hand stock. Hard to see the new build sector prices or build rate falling, possibly steady yet still covering inflationary input to maintain margin and profit levels.

Of course, UK Gov and the media will continue to bash the new build developers because they think it will buy votes and attract eyeballs, however, in practice sales of new build will still be strong.

Problem is that the market is affected by external sentiment and we know it’s the market that sets the share price. However, at some point the market will rerate (perhaps when we get rid of Boris and replace him with someone less selfish, and who is capable of stimulating the economy for the benefit of all). Until then sit back and take the solid dividends and likely substantial capital gains in a couple of years. Patience is the key to successful investing.

BTW, haven’t heard anything from Elliott since their initial communication last December. Given the fall in the GBP vs USD and the share price fall maybe, just maybe they will be able to orchestrate a bid. However, at these prices they are unlikely to offer more than 50% premium, so might lose Wimps for less than £2. Given a two year view that would be tantamount to theft.

[jugears] 09/6/2022 09:05

Lol why would someone in a different time zone even bother posting on here? No doubt he is now tucked up in his little bed ready for a day at school.

[buywell3] 09/6/2022 02:04

Rather surprisingly ratings agency Moody's does not include the UK or USA in the top 4 countries to experience a property crash

imo this does not mean of course that prices are not going to fall in the UK or USA -- only the other 4 countries will get hit worse.

The 4 are New Zealand, Australia, Canada and Sweden

Since peaking in Wellington NZ Oct 2021 --- prices have dropped by over 10% in the last 7 months, similarly Auckland has dropped over 10% in the last 6 months with Auckland city area dropping over 12%

NZ city areas are now a leading indicator imo as to how quick and how deep a fall is coming in the next 12 months

hope nobody gets the Blues over what Moody's says

[buywell3] 09/6/2022 01:36

In the USA new mortgage applications to buy a property have dropped 7% in the last week

At the same time new applications to re-finance an existing mortgage on a property have also dropped 6% in the last week

The USA property collapse is gathering pace

It has only just beginning in the UK --- within 6 months as of today we will be following America's lead

[gaygay3] 08/6/2022 10:43

HP will probably fall a bit towards the back end of the year when the cost of living take a hold on customer spending may drop 10 to15% if we go into a recession most of this all ready priced in the SP

[baracuda2] 08/6/2022 08:39

My neighbour has just put he's properly on the market £80k over the price the agent advised, greed!

[ghhghh] 08/6/2022 08:00

buywell

Research by Zoopla has highlighted that one in 20 properties listed on the portal had a price cut by at least 5% in the four weeks to 15th May 2022

LOL!!!

Has it not dawned on you that some people initially market their homes at top end prices in order to test the market?

[fenners66] 08/6/2022 07:22

So 19 in 20 didn't and were likely priced at their highest ever prices.
Meanwhile what was the average time from listing to sale ?

No housing price crash this year, was what I argued , we are nearly half way through and house prices still rising to record levels.

[buywell3] 07/6/2022 22:24

Research by Zoopla has highlighted that one in 20 properties listed on the portal had a price cut by at least 5% in the four weeks to 15th May 2022

The UK is now starting to follow the US market

[mercedes] 07/6/2022 16:16

Three bed ex council house semi in our Devon village.......on market for two days at OA 350, waiting list to view of over forty people.....under offer at just short of 400k.....no sign of a cooling market here........yet. Its a crazy world out there and I've been in property business for over forty years!!

[25guilderbag] 07/6/2022 14:33

I'm cashing in. One property due to complete in the next couple of weeks.Two, 2bed terrace being vacated today, will be listing as soon as decoration and repairs are completed.Also just finishing works on a former business premises (shop) with two, 2bed flats above. That'll be on the market in the next few weeks.For various reasons it's a good time for me. Even a small downturn will cost 100k plus, that's enough motivation for me to reduce exposure. Risk/reward not nearly good enough at this moment, the maths simply don't add up.

[sikhthetech] 07/6/2022 13:41

Jugears

"not seen many btl selling either! & why would they when there is a huge waiting list of new tenants ?"

There you go, as expected...now appearing in the media..for the sheep...


The supply will increase and demand decrease..

B2L landlords also selling up.

[craftyale] 06/6/2022 16:51

Over the years I've sold at 2 plus. Buy back in sub 180.

[peteret] 06/6/2022 16:00

1.80 might take some time.I'd sell at that

[beckers2008] 06/6/2022 10:53

Please see below, the consensus forecast for TW, from 18 analysts issued in May 22, there is a slight upward revision on Revenue, Operating & Pre Tax Profit and EPS.

Total revenue (£m) 4,503
Operating profit (incl. JVs)* (£m) 907
Net interest and finance costs (£m) (27)
Pre-Tax Profits* (£m) 880
Tax Rate (%) 22
EPS (normalised)* (pence) 19.1
DPS (pence) 10.5
Tangible Net Asset Value per share (pence) 125
Net debt / (cash) (£m) (718)

*From continuing operations before exceptional items.

Latest Broker recommendation – 26th May - JP Morgan – ‘Overweight217; – Price Target £1.80.

[craftyale] 06/6/2022 09:02

Yep a rubbish thread, never understood engaging with trolls.