Taylor Wimpey Share Discussion Threads

[gcom2] 20/10/2010 20:08

Taylor Wimpey plc
Half Year Results for the period ended 4 July 2010

Taylor Wimpey has performed strongly in the first half of the year reporting
improved profitability and margins.

Highlights
� Significant growth in Group operating profit* before exceptional items to
GBP79.3 million (H1 2009: GBP2.8 million), with material improvement in
operating margins*
o UK operating margin* 7.5% (H1 2009: negative 1.0%)
o North America operating margin* 7.6% (H1 2009: 5.2%)
� Substantial landbanks:
o Strong UK owned and controlled landbank in excess of 6 years supply with
owned land held at an average cost of 18% of selling prices at current levels
o Well-positioned North American owned and controlled landbank in excess of 6
years, balanced between short and longer-term assets
� Healthy order books:
o Total UK order book of GBP952 million
o Total North America order book of GBP668 million
� Ahead of schedule in reducing UK build costs, with private build cost per
square foot down 9% from the peak
� Improvement in tangible net assets to 47.0 pence per share (H1 2009:
44.1p)
� Further reduction in net debt to GBP633.9 million (H1 2009: GBP1,033.7
million)
� Although wider economic uncertainty remains, current trading is
satisfactory and our forward order books and cautious approach to land valuation
provide protection against downside scenarios

[gcom2] 20/10/2010 20:05

The RNS is there to read , August 3rd.

[shaws37] 20/10/2010 20:03

mate, i hope you're right.

[gcom2] 20/10/2010 20:00

i'm in for more. results were positive.

[hiq] 20/10/2010 18:54

Not sure any of the spend review hits TW.

[careful] 20/10/2010 18:43

The end of this 'homes for immigrants and 1 parent failies' scheme may be a good thing in the long run.
dismantling the nanny state, but making sure the banks lend responsibly is the way forward.

[shaws37] 20/10/2010 17:46

Sill another gap to fill.......

[jon827] 20/10/2010 17:30

Oops there it is.....

[imastu pidgitaswell] 20/10/2010 17:13

Rubbish - gap definitely closed, only way is up...




Erm, maybe...

[last rites] 20/10/2010 16:54

You can almost hear the death rattle,...10p soon!

[the disciple] 20/10/2010 16:49

hdenandy ,you'll double your money here ,the big question is when ??? could take a while now. bloody dog.

[hdenandy] 20/10/2010 16:47

Apologies to everyone who's long here.

I've watched it bounce off 25p 3 times without buying, and yesterday bought in for the first time at 25.14p.

I said on the other thread that I would jinx it - and look what happens !

[abu azaan] 20/10/2010 16:31

shorters beware YOU WILL be burnt silly soon

[barf2] 20/10/2010 16:27

I'd be careful if I was you smurfy.This is,and has been for some time, in the grips of the shorters and hedge funds.The company is doing nothing about it and BDEV and TW have split from the pack in the fall.They are both searching out new lows which is not the case with the rest of the sector.

No technical reasons for the fall to stop as it has gone straight through previous resistance levels.

They've got it on the run and I don't see many buyers jumping in until they see where it lands.

TW not helping themselves by not addressing the sale of North America or finalising the re-financing so no reason to expect any support there.

AIMHO

[ludlowe] 20/10/2010 16:23

remember someone on here calling this down to 28p .seems a distant memory now .

[smurfy2001] 20/10/2010 16:22

Indeed but l don't see a reason for it and BDEV is looking the same as well.

I will add at various levels on weakness.

Clearly a buy on fear this....

[binladin] 20/10/2010 16:22

FREE FALL::::::::::::::

[barf2] 20/10/2010 16:21

Usually we see that dart down in the share price in the mornings as a way of gauging the appetite for a stock at that level.More often than not it finds that level soon enough.

I see no reason for this rout to stop and expect to see that sub 23p tomorrow or soon after.

Hope not but it ain't looking good.

[smurfy2001] 20/10/2010 16:12

Scars, budget review is over, so what bad news is there? House prices are volatile....

Got to add at some point unless you want to enlighten the rest of us with your wisdom.

Cheers

[pugg1ey] 20/10/2010 16:10

what if it's a plastic knife?

[scars] 20/10/2010 16:09

Never catch a falling knife, comes to mind!

[barf2] 20/10/2010 16:08

but they can't outdo king of the divers TW!

Doesn't need a pacemaker as it is happy to lead from the front on any downward charge.

[smurfy2001] 20/10/2010 16:06

BDEV also making new lows, so general housing sector is being hit.