Taylor Wimpey Share Discussion Threads

[jugears] 13/3/2024 10:09

I don't think the hb's need to take advise from the likes of you & I,they seem to be doing a good job on their own.

[kreature] 13/3/2024 08:39

‘ all hb's need to do is hang on in there ‘

That’s amazing advice Jugs. Let’s hope they listen

[jugears] 13/3/2024 08:28

Sikh higher interest rates were always going to dampen the market,what is more import though is that buyers don't go away, they wait,interest rates will fall, all hb's need to do is hang on in there, which they all seem to be doing just fine,

[tlobs2] 13/3/2024 08:17

So we are not entering a recession after all according to Sky News and the BBC this morning. Who would have thought it ;-)

[sikhthetech] 12/3/2024 20:21

As expected, poor results from PSN.


Poor update as predicted.
HBs continue to struggle, they are dependent on incentives to try and boost sales.

As predicted in Jan, when the share price was around 1500p, the risk was to the downside.

Gov has huge debt and so is in no position to provide the boost that HBs need.


Current trading and outlook

"We have started the year in line with expectations, with our recent marketing campaign generating a significant number of leads for our sales teams. Enhanced competition in the mortgage market and wage growth have contributed to improved affordability albeit it continues to be constrained, particularly for first time buyers, and demand for homes remains varied across the country."

"With interest rates expected to remain at current levels and a general election on the horizon, market conditions are expected to remain subdued throughout 2024."


sikhthetech - 11 Jan 2024 - 14:12:30 - 5172 of 5406 PERSIMMON PLC - THE CHARTS
TW reported TU this morning.

As expected, the TU shows property market continues to experience problems.

The risk is to the downside.

[fenners66] 12/3/2024 10:18

When the troll writes about having found one forced seller losing money on their investment - like that never happens - as "evidence" of a market fall in house prices - its just trolling you.

Its not providing any information its just looking to engage you in an argument.

An argument that gives them something to do.
No credibility no sense just any old argument.

Don't feed the troll.

[kreature] 12/3/2024 09:10

Just checking sentiment, the general mood here. Ok got it, thank you

[kreature] 12/3/2024 08:18

And it’s raining

[kreature] 12/3/2024 08:15

Not sure if you guys would be interested in Persimmon results today ? Profits more than halve

[jugears] 11/3/2024 09:08

REIT,REIT,REIT,LOL SIKH. PLEASE DONT FORGET TO MENTION IN YOUR POST THAT THE REIT WAS FORCED TO SELL PROPERTIES QUICKLY, AS YOU WOULD KNOW WHEN SELLING PROPERTY IN LARGE NUMBERS QUICKLY, DUE TO BAD MANAGEMENT & JUDGEMENT , YOU WILL EXCEPT ANY OFFER THAT COMES ALONG, MULTI OCUPANCY PROPERTY IMO DO NOT SELL WELL, BUT HAD INVESTORS HAD A LITTLE MORE PATIENCE I AM SURE BEING SOLD INDIVIDUALLY WOULD HAVE RESULTED IN A MUCH HIGHER RETURN, imo it just goes to show what type of people invest in Reits,not very clever Ones!!
Just for clarity these were not individual private homes for Sale, they were converted to multiple occupancy, as can be seen by siclky's Luton example sold at auction, residential houses converted to multiple occupancy have limited appeal to buyers, especially incomplete ones!!!!

[tlobs2] 11/3/2024 08:33

Still running for cover :-)

Qube Research & Technologies Limited 0.57% -0.05% 7 Mar 2024

[kreature] 10/3/2024 21:08

4th March 2024, Parliament. : “ 3 million to 4 million people trapped on fleecehold estates “. Any thoughts ?

‘ Neil O’Brien
(Harborough) (Con)
Share this specific contribution
The Government are to be commended for taking through the first leasehold reforms for 20 years, but as the Bill now goes to the Lords, will Ministers go further and agree: first, to empower the 3 million to 4 million people trapped on fleecehold estates; and, secondly, to fundamentally end this scammy, dodgy, corrupt model once and for all?
The Minister for Housing, Planning and Building Safety
(Lee Rowley)
Share this specific contribution
My hon. Friend makes an important point about making sure that we strike the right balance. We have brought forward significant reforms in the Bill, but I am happy to continue to talk to him and other Members who are interested. The Government continue to look at what more can be done. ‘

[kreature] 09/3/2024 21:20

A lack of choice and lack of well presented supply.
New build are often the best looking option, but obviously usually sadly having scam (according to that MP) fleecehold title deed entrapments attached
Imo

[jugears] 09/3/2024 16:10

Seems pretty buoyant in the midlands. everyone has different aspirations as to house values, new house prices have remained firm, most of the 22 are recent listings but most properties sell quickly where I live, the big problem is lack of choice & lack of houses coming to the market.

[kreature] 09/3/2024 13:46

Jugs, just been to see old-build bungalow with honest freehold title deeds. ….been for sale for 1 year. Sold twice, fallen through once cos of mortgage issue, and next due to broken chain. Reduced from 520 to 500 to 480 , just chasing the market down.

Then there are new builds fake-freehold 2nd hand estate houses here that are just not selling, or just waiting for the thickest of buyers to show up.

Point being, market not so rosy imo

[kreature] 09/3/2024 08:43

Jugs, n how many weeks is it taking to sell the 22 houses ? How many have been reduced in price ? How many are back on the market after chains fell through? How many had mortgage issues ? How many couldn’t be sold because buyers discovered management companies and onerous obligations and charges in the title deeds ? Thanks

[1carus] 08/3/2024 15:59

DVD page 29 I think of their annual report 2023... Divi target 250m or 7.5%. Specials and buybacks if the situation is right. 2022 was 473m divi and buy backs. Divi cover is close to 1 annually last year I think, but 840m in the bank and similar in land bank. Divi covered for some time I think unless I am reading it wrong.

[danvandan] 08/3/2024 15:50

sikh, I agree, something will give. Icky, we appear to be in furious agreement. Smaller rooms, but new house with fewer issues, versus old houses with bigger rooms and more issues - the market will find its price level but lower earnings for builders seems to be a likely consequence. Eventually. I'll keep an eye out here to see if I can get a sense of a soon 'eventually' or a 'miles off in the future' eventually. Thanks for your thoughts.

[sikhthetech] 08/3/2024 15:31

If property values don't rise but costs continue to do so then margins get squeezed. If they don't increase housing sales then they will bring in lower cash. The divi policy becomes more and more unaffordable.

The govn has huge debt and they currently paying higher interest on it. Not just the UK govn but govns around the world have huge debts.

Property prices are simply too high. Something will give.

[1carus] 08/3/2024 15:30

DVD, you are most likely correct and not unlike what happened in the 90's. 91 to 99 my house value increase was 10%, it pretty much doubled from there by 2004. It would depend on where you lived at the time but massively back end loaded.
I think corrections leave a sour taste for people who just bought on the wrong side of it. The issue in the 80's was that it was like 40% which was huge and effectively trapped people from moving despite the next house also being devalued by a similar percentage. Just not enough equity to remortgage. I don't think we will see that, but some stagnation of prices and TW might have to rebalance the model to accommodate that. With all things green being added to the house build requirements, adding cost, the only way may be to price engineer the product, like the super markets... just make everything smaller. ( What is with blocks of butter now being 200g rather than 250g) So current price maintenance but a more green smaller offering etc. But given the ever increasing demand I don't think there will be a shortage of people wanting to buy, just that they may have a limit on resource to buy with.

[danvandan] 08/3/2024 15:00

It's not that the scheme is unaffordable. The govt has bigger revenue raising power now than at anytime. 20% VAT. Anyone on a decent wage paying 40% on part of it and all of their additional earnings. Stamp duty. Capital gains. Inheritance tax. The majority of the money that you earn is ultimately given up in tax, through income taxes and taxes on purchases. The issue is that property is simply too expensive in this country and has been artificially inflated. We MIGHT be about to see a correction, though probably not a 1980s style crash. It might just be that property values don't keep pace with inflation for say a decade, and that would probably be the best and most manageable outcome for the most people (J Bentham) and might be what the govt is aiming for now.

[sikhthetech] 08/3/2024 14:53

Having a divi policy fixed on NAV drains cash and drains it faster if housing market, number of new builds fall for a longer period of time.

The Help to Buy scheme helped HBs. They made hundreds of millions of pounds from the scheme. That scheme ended in 2022 and there's no similar replacement. I think HBs were hoping for a replacement but the govn has huge debt and so such a scheme is unaffordable.