Taylor Wimpey Share Discussion Threads

[sunshine today] 23/4/2024 12:43

JUGEARS

Mortgages are going up because those willing to lend demand a higher premium.

[danvandan] 23/4/2024 11:49

Regarding the negative results today, reported in a bright and cheery update (again) there can be no getting away from the fact that TW's sales are continuing on a downward trajectory and profits are continuing on an even steeper downward trajectory. In 2022 sales were slightly over 14,000. Last year was 10,800. This year could be as low as 9,500 by TW's own forecast. My guess is that they will easily get down to this figure. Profits meanwhile are lower due lower sale prices AND inflation costs.

What is remarkable is the shareprice. The 2022 share price was below today's level for most of that boom year. The shareprice is currently walking on water and I think we could see sub £1 as the economy continues to struggle. There are a number of obvious headwinds - unemployment is edging up, house prices are edging down, there's a govt sponsored investigation into housebuilders which will probably not end well for the firms, and a labour govt will likely be elected in the autumn. Labour govts typically increase taxes and tank the economy.

I've slightly increased my short today.

[sunshine today] 23/4/2024 11:47

Jugs IS a great success just look at the 7 year chart.

His business had just one bad year in 40 that beat every listed company on the LSE !!!

Despite his foul language, he never fell out with any member of staff during that time.

Houses in his village sell within hours, and the price is always higher than advertised.

[danvandan] 23/4/2024 11:40

jugears, I seriously doubt that anyone with the bluff practical commonsense approach that you claim to have would spend so much time on advfn trying to convince people who don't know you and don't care about you, that you are a great success and immune to the travails of the TW shareprice. A little less about me, me, me, and a little more focus on TW itself would be more appropriate for a mature, right thinking person.

[jugears] 23/4/2024 11:15

I sold my business for a large amount of money which is untouched,I own land & property all mortgage free, I don't need to invest I do it for fun because I enjoy it.I never needed to make targets my turnover & profits increased every year for 40 years except one without much effort, my business grew by giving my customers exactly what they wanted & the business grew by word of mouth, I didn't advertise & I didn't have a web site.

[baracuda2] 23/4/2024 10:29

Yes, very sad individuals

[kreature] 23/4/2024 10:24

“ I never in all the years I was in business set targets each year”

Maybe that’s why you’re on here with the scavengers trying to make an extra quid ? It’s good fun working to targets

[trying2trade] 23/4/2024 10:24

Cash, or cashflow, is king here. They have to keep the money rolling. They can't sit on housing stock or the next project is delayed etc etc etc.

[tialouise] 23/4/2024 10:23

Filtered , repetitive rubbish from the chuckle brothers. How's the short by the way...

[kreature] 23/4/2024 10:19

The TU shows that despite the order book being down 10% on units, the order value is down even more at 16% down. Thus showing that there is an affordability crisis
IMO, possibly just getting started

[jugears] 23/4/2024 10:15

Life is what it is, I never in all the years I was in business set targets each year, we made what made, but considering all the doom & gloom IMEO that's a good TU & shows that people can afford higher interest rates but then 30% pay cash anyway!

[kreature] 23/4/2024 09:48

‘ I've never understood why companies have to increase profits & turnover every year as long as you make something its better than making a loss‘

How you going to get your Christmas bonus with that attitude ?

[sunshine today] 23/4/2024 09:40

umm, do not understand how markets work, explains despite a housing boom TW Shares trade lower now than ADVFN”S 7 year chart. !!

The business model is unsound when the income required to purchase a property is off the scale, at over 8 times.

[sunshine today] 23/4/2024 09:26

JUGEARS:

One little issue with that.

Average rates over the last 50 years have been higher than today.

[jugears] 23/4/2024 09:07

Why Force sell houses when it's pretty obvious that customers will return once interst rates fall? & then prices will go back up, land isn't going to be falling 8n value any time soon because there is to little of ot about, I've never understood why companies have to increase profits & turnover every year as long as you make something its better than making a loss,if you can't pay a dividend then don't pay one it's as simple as.

[kreature] 23/4/2024 08:57

I would probably cancel the dividend and put it towards customer incentives, to rectify the order book. I’d probably also do a heavily discounted placing to set aside any possible compensation for any existing non absolute freeholds with encombrances

[blackhorse23] 23/4/2024 08:49

Money moved to GNC

[kreature] 23/4/2024 08:46

So in summary; some 10% less homes on the order book, and 16% slightly less value on the order book than a year ago, with shrinking margins ? Yet they intend, ‘to pay a 2023 final ordinary dividend of 4.79 pence per share on 10 May 2024 ’ ? I think I may open a short position in fairness

[kreature] 23/4/2024 08:36

At least there is some certainty on the order book value down 16% on last year.? Have I got that right ? Is that slightly down some ? Not sure

[kreature] 23/4/2024 08:31

Just trying to find the percentage of ‘some’ and ‘slightly̵7; in the dictionary. Perhaps it’s 16% ? Not sure tho. Will it fit in a sentence? Eg, the some of the train engine wheels slightly came off the track ?

[kreature] 23/4/2024 08:23

No chance of this ending today in the red is there ? Just asking. Tbf I think everything is okay because they did use the words ‘some’ and ‘slightly̵7;. Probably legal terms ? I dunno tho. Are they adverbs ?

[baracuda2] 23/4/2024 08:19

Trolls are out in force again lol.

[kreature] 23/4/2024 08:19

‘ first half operating profit margin* will reflect slightly lower pricing in the order book and build cost inflation embedded in work in progress of around 4%.’

‘* Operating profit is defined as profit on ordinary activities before financing, exceptional items and tax, after share of results of joint ventures. Operating profit margin is defined as operating profit divided by revenue.’

Um, so um errr any scientists care to translate ?