Taylor Wimpey Share Discussion Threads

[barf2] 15/10/2010 09:01

At least have the courtesy to wait until I've left the building!

Strewth!

[gcom2] 15/10/2010 08:48

A market cap of 830m after those H1 results is quite stunning, absurd.

[barf2] 15/10/2010 08:43

This fannying around on the way back to 25p is pointless and irritating.

I'll be away from a pc most of the day [easy now spenny]so if you can just get it down to 25p we can restart the game.

[shaws37] 15/10/2010 08:39

Anyone bought the new fashion jeans ? lol

[spennysimmo] 15/10/2010 08:35

Morning ;)

[barf2] 15/10/2010 08:15

spenny
Sorry for my tardy time keeping.

Ggggrrrrrrr!

Can I go now I've posted?

[sequoia] 14/10/2010 20:45

smart investor1 - 14 Oct'10 - 20:35 - 4440 of 4441

Decent little site in my opinion for those new to investing, might be worth a look, www.sharenovice.com. See what you think guys.

If your selling the book at least get the website right. :-)

seq

[lyntwyn] 14/10/2010 17:40

Spain is sparking interest

IS the pain in Spain over?
The Brits are back in Spain, and as is always true in recessions, recovery is returning to the safest and most familiar markets first; Majorca and the Costa del Sol. Spanish- English property developer Taylor Wimpey de Espana (TVVE) has seen an 80 per cent increase this year in inquiries from Brits desperate for the Spanish lifestyle, including the sunshine, golf course and the Mediterranean beaches. TWE's Victor Sage said:
"Buyers have been waiting for the market to bottom out before they invest. In premier destinations such as Marbella (Costa del Sol) this is without doubt now the case, hence the rise in interest and serious buyers".
Prices are currently about 25 per cent less than in 2007 but if the demand continues they will rise.
October 12,2010

[barf2] 14/10/2010 15:56

I do think that the spending review won't be anywhere near as bad as media and pundits would have us believe but I think it may not have an impact.The hedgies and doomsayers will then just start on the refinancing issue and shake that to create instability and doubt about TW's future.

TW don't help themselves or us sometimes.

[smurfy2001] 14/10/2010 15:49

58p NAV is very positive.

Just watch after October 20th...

[barf2] 14/10/2010 15:48

first half 2011!

That would have seemed to be the focus of the company following my chat with the IR dept so looks like TW will be in the doldrums for a long time yet.

Oh well.More of the same I suppose.

[smurfy2001] 14/10/2010 15:37

Note on Refinancing

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Stock on less than half TNAV (inc UK tax write-back).
We think that the main points to come out of the meeting were:
The UK business has not seen prices dip at all, so guidance given at interim stage is intact, and therefore company should make its numbers.
Management will refinance the group in the first half of 2011, and would see equity as a last resort at current prices, and would seek to do this before selling its North American businesses.

[smurfy2001] 14/10/2010 15:37

Mininal downside

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Taylor Wimpey is not one of our preferred housebuilders, but is starting to look interesting at these levels. We see better value in Barratt (Buy), as it has a better balance sheet, better geographic mix and better margin track record. With sentiment now so poor for the housebuilders and interest almost non-existent, we wonder if all of the bad news is now priced in, so that the Comprehensive Spending Review is no longer a threat to share prices. We also think that the margin and ROE appreciation that the sector may achieve in stable markets is being ignored

[smurfy2001] 14/10/2010 15:34

Note on NAV

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FD Chris Rickard presented to Liberum sales last night and we found the meeting reassuring as house prices remain stable, and as internally driven margin growth continues. Refinancing is anticipated in the first half of 2011, and the sale of North America remains a possibility, over the next 2-3 years. Taylor Wimpey is not one of our preferred housebuilders, but most of the plausible bad news now appears in the share price, with little positive priced in for continued margin and ROE improvement

Management repeated the pledge made with the interims that it would be likely to write-back c11p per share of UK deferred tax (losses), boosting the last stated TNAV of 47p (to 58p ceteris paribus).

Management offered the view that margins could increase to around 9% over the next two or three years in the absence of volume growth or inflation, and could reach 10% or more with help from either.

Management said that house prices could fall 10% from current levels before further write-downs were necessary.

It is finding enough land to meet its land buying targets, at sufficiently good rates of return.

[barf2] 14/10/2010 14:43

Sssshhh wolt.

We're all supposed to believe house prices are crashing all around us.The fact that many of us can see with our own eyes that that ain't necessarily so would rather upset the medias message.

[wolterix] 14/10/2010 14:25

oy vay! a 'book' he says!

it'll be an 'ology' next!

[gcom2] 14/10/2010 14:19

buying the fear