Taylor Wimpey Share Discussion Threads

[buywell3] 29/6/2022 17:37

Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount

Rampant inflation means Bank of Canada must raise rates above 3%

Canadian Real Estate Prices Expected To Drop 24%, Can Crash 40%: Oxford Economics

Some NZ homeowners may hit negative equity if house prices drop 15%

Auckland have already recently dropped 12%

14/6/2022 · Property prices PLUNGE by up to 20% across parts of US as buyers shun the market

UK property prices now having a cliff edge moment imo

[beckers2008] 29/6/2022 17:18

Nice to see another NED buying just shy of £30k worth at £1.18986.
This is 5% below the NAV at £1.25.

Directors of a few house builders have been adding lately. Does this signal the bottom of the current share price cycle?

[beckers2008] 29/6/2022 15:17

The troll 'Sikhthetech' doesn't even know the difference between the BOE base rate and the bank to bank lending rate. The troll is a proven fool.
The troll has been banging on about a house price crash for over 2 years.
On the PSN BB. The troll now thinks that what I post manipulates the SP!, What, really, lol!

The troll has Zero credibility and is an idiot, lol, just lol!

[claret dragon] 29/6/2022 14:12

Price Range of the Romford Property

Number of Price Reductions in Last 3 Months

£0-£50k 2

£50k-£100k 4

£100k-£150k 5

£150k-£200k 19

£200k-£250k 16

£250k-£300k 29

£300k-£350k 6

£350k-£400k 16

£400k-£500k 47

£500k-£600k 46

£600k-£750k 26

£750k-£1m 9

£1m-£2m 3

£2m-£3m 0

£3m-£5m 0

£5m+ 1

[rwlly1] 29/6/2022 13:55

The market must be expecting the Divi to be cut to preserve cash.

[baracuda2] 29/6/2022 12:51

Its filtered again now, best filter them all

[fenners66] 29/6/2022 11:26

Don't take the bait , its just looking for any argument

[sikhthetech] 29/6/2022 11:24

Jugears,

"I think the bbc are about 20 million out the uk population is nearer 80 million"

BBC are correct, you are wrong.
They are quoting the 2021 Census figure for England & Wales. See ONS quote the same figure.




As to your 20m out, NI and Scotland(figures out next year) are around 5m each, so you're still over by 10m.


Official figures are not wrong, yours are.

Note the increase in over 65s... You know those over 65 ftb, looking to get on the property ladder..lol

[fenners66] 29/6/2022 10:45

As for your idea that they put up interest rates by 1.25% in one go....

"Canada: Bank of Canada continues to raise rates in June

June 1, 2022

On 1 June, the Bank of Canada (BoC) raised its target for the overnight rate to 1.50% from 1.00%, marking the third consecutive rate hike this year. The Bank also said it was continuing its Quantitative Tightening (QT) policy by no longer reinvesting maturing government bonds."

Again there's a difference of opinion there

[fenners66] 29/6/2022 10:42

Also:

"Canada: Housing starts rise in May

June 15, 2022

Housing starts rose to 287,257 units on a seasonally-adjusted annualized rate (SAAR) basis in May according to the Canada Mortgage and Housing Corporation (CMHC), up 8% from April’s reading. "

I would hate to think you are just making up BS

[fenners66] 29/6/2022 10:40

"buywell3
29 Jun '22 - 08:19 - 7463 of 7470

House prices in major cities have dropped 15% but fast"

Really ?

Focus Economics :-

"Canada: House price growth remains elevated in May, but slowdown likely ahead

June 17, 2022

According to the Teranet-National Bank Composite House Price Index, house prices increased 2.3% month-on-month in May. The print followed April’s 2.7% rise, and was driven by broad-based price gains across the country. Meanwhile, house prices increased 18.3% annually in May, down from April’s 18.8% increase.

The strong housing market over the last year has been driven on one hand by strong demand, thanks to population growth, a healthy labor market and changes to housing preferences due to the pandemic, and on the other by restricted housing supply. However, monetary tightening by the Central Bank and reduced affordability should lead the housing market to cool later this year. Indeed, this slowdown is already evident in statistics gathered from different sources: In May, home sales fell 8.6% on a month-over-month basis according to the Canadian Real Estate Association (CREA). Moreover, the CREA’s house price index showed a decline in May."


Note Canada is a rather long commute , so again irrelevant - but that info from a named source at least, is the opposite and more .....

[baracuda2] 29/6/2022 10:14

39 from 231 properties in Romford are reduced and majority are the higher priced properties according to right move, that's just over 16%

[claret dragon] 29/6/2022 09:50

No buyers left at inflated prices is my take.

The pimps have being doing their job to pump the prices over past decade.

Economic fundamentals are now feeding back in.

Eventually a reversion is going on imo.

[jugears] 29/6/2022 09:42

A very expensive over priced area to live,If an estate agent values a house at £450k & the seller wants £500k then that is the price the house is marketed at, people always want more whether we are in a housing boom or a declining market, that 5.6% could be above or below an estate agents estimation, its like anything a property is only worth what someone is prepared to pay for it!

[claret dragon] 29/6/2022 09:06

229 of the 783 properties on the market in the Romford area have had a price reduction in the last 3 months.
The average reduction has been 5.6% of the original asking price.

[disneydonald] 29/6/2022 09:03

It may be that Marshall Wace are just "hedging" their Wimps long position, whilst the market is likely to stay volatile for a while. i.e. just sitting on a long position before they release the short once they are confident that things have settled down a little.

Haven't heard anything from Elliott since their original communication last December. Wonder what they are up to, if anything. Also, interesting to see if the small buyback forces any long holders to declare their new positions (after reduction in issued shares increases their % holding upwards).

Wimps close their books tomorrow for first half, should be decent. Hopefully the market will be in a better mood when announced in early August.

[baracuda2] 29/6/2022 08:54

It's about time we had sensible interest rates, should never have gone so low in the first place

[buywell3] 29/6/2022 08:19

Canada recently put their rates up 1.25%

To go from 0.25% to 1.5% in one jump

They plan to raise again 0.75% in July

House prices in major cities have dropped 15% but fast

[fenners66] 28/6/2022 23:50

JUGS those census figures so far are Only England and Wales.....

[beckers2008] 28/6/2022 23:39

Marshall Wace have been building a 'Short position'
They have committed the position to 0.93% of the share capital.
Blackrock have been adding. CS Taking everyone for fools which I did allude to!
Let's wait and see, I know where my monies on!

[jugears] 28/6/2022 22:34

Sikh were you posting on tw pulletin board in 2006?
I think the bbc are about 20 million out the uk population is nearer 80 million uk residents.