Taylor Wimpey Share Discussion Threads

[baracuda2] 07/7/2022 15:54

Have you not heard what's going on at airports

[sikhthetech] 07/7/2022 15:37

disney

"However, given the stresses of trying to travel abroad at the mo, I know a few families who have decided to give up on hols this tear and move house instead."

lol

So a few families have decided to give up £2k holidays for their kids and decided to buy £500k house instead!!!
Really, I've heard a lot of ramping BS but that really takes the biscuit...
who were the 3 muppets who agreed with you...
lol


Btw, what are these stresses of travelling abroad???

[uhound] 07/7/2022 14:22

The thinking for a lot of people who invest money is they are looking to grow what they invest, so they can spend or use as security for the future.

The issue is when is that time in the future? 1 year, 5 years, 10 years 40 years?

Depends on the individual of course and what they want the money for.

TW stock maybe cheap now or may get cheaper, but likley will be worth more in the future - perhaps a lot more. So really depends on your objectives.

Personally I'm looking to grow a stock portfolio by trying to buy low and sell a lot higher in as quick as time as possible (active). Not as easy as most think, but has been more profitable for me compared with my professionally managed buy and hold portfolio. IMO less risky too as the stock market can crash quickly at any point.

No good if you've built up a nice sum for your retirement over 40 years and say you loose half in a few weeks.

All depends on the individual and their circumstances.

[disneydonald] 07/7/2022 12:56

Jugs. Well, this is traditionally a quiet period. However, given the stresses of trying to travel abroad at the mo, I know a few families who have decided to give up on hols this tear and move house instead. Maybe, the summer will be stronger than usual. Of course, that has nothing to do with the market set trading price. :-)

[jugears] 07/7/2022 12:50

DD, trouble is we are now heading to the lack lustre summer months, so not expecting much upside until at least September, but have no hesitation in putting all of my money from the sale of my company here even at today's price, I do think there are either a lot of very young investors on this board or people just have very short memories!

[disneydonald] 07/7/2022 12:40

My take on today's PSN market reaction.

They say the markets never wrong. PSN are almost the worst performer of the major builder YTD. They have been running hot since before Covid, and at some point given current headwinds would plateau. Seems that has been confirmed today.

On the other hand, Vistry have been rebuilding their business (notwithstanding Covid) over the last few years, so I expect their update tomorrow to show more headway in the key metrics. Hopefully the market will reward this.

As for Wimps, I suspect that the jury is out at the mo. We will need to see what shape the overall market is like in a few weeks, otherwise any positive progress will get drowned out. I noticed they contracted for a new IT platform to manage all environmental and build quality functions and processes yesterday. This should provide productivity gains and help position Wimps as one of the better managed builders with respect to these increasingly important aspects of modern building requirements. Should also help push through planning applications a little more speedily.

Hopefully the US employment data points today and tomorrow won't be running too hot, otherwise the US market might just interpret that as requiring more large interest rate rises. A flattening out of payrolls would do nicely (not too hot, and not too cold). Could od with the markets settling down for a few weeks.

Finally, Boris still playing for time by resigning Conservative leadership, but wanting to stay on as PM for a while. "I'll behave myself honest ...". IMHO he should go now and we can get the grown ups back in UK GOV running the country for the benefit of all. This is no time for amateurs. I am assuming of course that we have some "grown ups ...".

[jugears] 07/7/2022 12:40

I don't filter these days, It gives me great pleasure listening to someones desperate whines!
DD, I don't always agree with you posts but that was absolutely spot on.

[garycook] 07/7/2022 12:28

JUGEARS,Like your style.Totally agree.PSN,and TW,both bargain buys atm.To many idiots on this thread !!! Filtered many on here.

[disneydonald] 07/7/2022 12:19

Media, Analysts and general talking heads never really understand the housing market. It's their job to attract listeners and eyeballs, with little regard as to the underlying strengths of the modern building industry. Just like Boris they are always searching for a headline, and tomorrow that headline is just fish and chip wrapping. They all know the Brits are obsessed with housing and the price of housing.

They still assume that the builders operate the way they did twenty years ago, when they would take on lots of debt to out bid each other on land. These days builders effectively operate on a build to order basis and all run solid balance sheets with little or no net debt. Gone are the days when builders would build out sites as fast as possible with little regard to quality and the normal building cycle, and then hope to sell them as they move on and repeat the process. When the normal cycle turned they were stuck with too much inventory, too much debt and had to discount units to clear out stock. The rest is history ...

The normal build cycle is much less volatile and lumpy these days and given progressive changes in societal working arrangements people have more choice to choose where they live helping to create steady demand for new housing as they exercise their new found mobility. All this adds up to a more stable and predictable business model.

Builders are also making use of more technology to help better manage supply chains and accelerate productivity gains ensuring that margins are either increased, or at least maintained when external factors impact normal operations, as we are experiencing at the mo.

Of course, it is the market that sets the share price regardless of fair business value, and share price movements are exaggerated with the growth in algorithmic trading were professional traders (Hedge Funds, Investment Banks etc.) use their advantage to game the markets at the expense of weak holders and retail traders.

There is no point trying to beat the professionals at their own game, retail traders need to choose to buy when prices are depressed due to market volatility (like now), and expect to hold for a period of time until market sentiment improves. Or, if you are shorting, place sell trades when you believe the market is ahead of itself. In market parlance, be a swing trader or positional trader, do not try to day trade in volatile markets. Day trading only works when markets are steady, either rising or falling; but predictable.

Buying at these prices will offer large gains at some point when sentiment swings, this might be a few weeks, months or maybe next year. Rest assured sentiment will change as it has in the past, and it will happen all at once. In the meantime console yourself with large dividend payments. Remember, patience is required to choose your entry point and don't be distracted by the taking heads. The rest will then take care of itself.

[ftir1] 07/7/2022 11:28

Have you seen the share price?

The market's trying to tell you something, stupid.

[fenners66] 07/7/2022 11:25

So the 2022 housing price crash is .....

still not happening.

6 months left to fall 33% in (from +13% to -20%)

Said it before the start of the year , not going to happen this year.

Unlike the troll who has said its happening for the last 2.5 years .....

Its supply and demand , stupid.

[ftir1] 07/7/2022 11:09

The irony.

Statements of large increases and then comparing to 2007.

50p here we come!

[baracuda2] 07/7/2022 10:53

You will always use an antonym to anything on this bb

[sikhthetech] 07/7/2022 10:46

Tlobs,

Naive comments about house prices rising fast were also made before the previous house price crash...

Watch the supply increase and demand decrease...


How's the loading up at 180p going... ;-)

[sikhthetech] 07/7/2022 10:42

Martyn,
"Shorters taking advantage of the political turmoil"

Have a read of the PSN TU. It's not all political turmoil.

[jugears] 07/7/2022 10:39

So the housing market still defying the markets as expected!!!!

[tlobs2] 07/7/2022 10:35

WOW !!

House prices in the UK rose at the fastest annual rate in 18 years last month, as demand – especially for larger homes – continued to outstrip the number of properties on the market.

Halifax, one of the country’s biggest mortgage lenders and part of Lloyds Banking Group, said the market “defied any expectations of a slowdown”, with prices rising year on year in June by 13%, the highest since late 2004. Prices rose 1.8% compared with May, which was the biggest monthly rise since early 2007.

A typical property now costs £294,845, another record high, as prices continue to rise despite the cost of living crisis. House prices have risen every month over the past year, and have climbed by 6.8% so far this year, or £18,849 in cash terms.

Russell Galley, managing director at Halifax, said: “The supply-demand imbalance continues to be the reason house prices are rising so sharply. Demand is still strong – though activity levels have slowed to be in line with pre-Covid averages – while the stock of available properties for sale remains extremely low.

“Property prices so far appear to have been largely insulated from the cost of living squeeze. This is partly because, right now, the rise in the cost of living is being felt most by people on lower incomes, who are typically less active in buying and selling houses. In contrast, higher earners are likely to be able to use extra funds saved during the pandemic.”

He said the housing market would not remain immune from the economic slowdown. But for now it is being supported by a “huge shift” in demand towards bigger properties, with average prices for detached houses rising by almost twice the rate of flats over the past year (+13.9% versus +7.6%).

[jugears] 07/7/2022 10:04

I think he means manipulation at work, we may see some short term pain but IMO the long term rewards are going to beat all of my expectations & then some, very pleased with psn update IMO ,the lack of supply with lower build numbers will push house inflation higher but with a slow down in none housing construction this should push build costs, down We are slready seeing suppliers more willing to negotiate prices again rather than the take ot or leave it approach ,something I haven't seen for 2 years. Imo we will start to see inflation falling very shortly.

[baracuda2] 07/7/2022 09:41

I just love Buywell posts, they are so informing, same stuff on PSN, lol

[buywell3] 07/7/2022 08:45

Market forces at work

[martyn9] 07/7/2022 08:44

Shorters taking advantage of the political turmoil and will continue until common sense,( if that ever exists in government) prevails.

[rwlly1] 07/7/2022 08:37

I think you need to change your name to Boris Beckers, you do not appear to know when the game is up.

[ghhghh] 07/7/2022 08:30

Persimmon reporting robust current trading, good forward sales. Reading between the lines the housing market is slowing down but only modestly.

This has caused the sell off:

'For example, across the industry there are c. 120,000 plots in England currently stalled within the system due to Natural England's nutrient neutrality guidance. In the absence of firm guidance from government this uncertainty will continue. Persimmon currently has around 1,500 plots affected by this issue which were due for delivery to local communities over the next five years.'

[buywell3] 07/7/2022 04:40

A veritable plethora of 1M plus homes hit the Isle of Wight market the other day together with a load of 500K plus properties

Many had reductions -- including over 1 million

Supply now at record levels 1008 for sale with loads now reduced and being reduced in price on a daily basis

Soon the UK Papers will be reading headlines

' UK Property Market in Meltdown '

Triple to Quadruple olde mortgage rates within 12 months along with 11% inflation can do that

Please keep up