Taylor Wimpey Share Discussion Threads

[sunshine today] 30/4/2024 19:13

Umm, so you invest in a company, with falling revenues and profits.

The product you sell is out of reach of your target market.

You’re being investigated for cheating. ( not for the first time ) scandal after scandal.

The shares are worth less now than 7 years ago, even though we have witnessed a housing boom.

[omg48] 30/4/2024 18:21

What a thread. Only Jugears talking sense and the trolls hoping and praying they can be as successful. Pitiful really. Get a life chaps and don’t be so jealous and do something useful.

[danvandan] 30/4/2024 15:01

blathercuda, if you'd prefer to be unaware of the facts, then please filter me AND DON'T BOTHER READING THE TRADING UPDATE. Just carry on in your own little dreamworld. You will of course still see my posts on the share chat landing page, but maybe you can just cover your eyes and not look.

Also, don't start whining on here if the shareprice drops by 30%. You HAVE been warned. It's up to you whether you act on it.

[sunshine today] 30/4/2024 14:54

UK ten year 4.349

Up


0.047

Look for borrowing costs to rocket as Money markets demand higher rates.

[baracuda2] 30/4/2024 14:50

Yawn yawn, likes like another troll to be filtered

[danvandan] 30/4/2024 14:47

Denial; the first stage of grief. Those are the facts reported in the trading update; fewer sales and lower profits from those sales.

[kreature] 30/4/2024 12:49

“ hopefully it will deter people from being stupid & going on fixed rates when rates are likely to start falling imminentley.”

No sign of rates falling imminently when they are actually rising in reality is there. And it’s really terrible to call hardworking families ‘stupid’ just for locking in a fixed rate for some longer term certainty

[danvandan] 30/4/2024 12:04

Your confident prediction about rates is just wishful thinking. The long-run level for interest rates is higher than today and there's as good a chance that rates will go up, rather than down.

The fundamentals still look bad here - fewer sales, less profit from each of those sales. Eventually the dividend money will run out. Before that happens, investors will reprice the risk of a TW investment. I look fwd to the next set of results and Jennie Daly finally coming clean on the true profit and cash situation.

[jugears] 30/4/2024 11:07

hopefully it will deter people from being stupid & going on fixed rates when rates are likely to start falling imminentley.

[kreature] 30/4/2024 07:55

Yeah everyone must be noticing how cheap food is…….try buying a snack in M&S or Co-Op ffs

[kreature] 30/4/2024 07:49

Oh terrific……… May as well live in a tent

[kreature] 30/4/2024 07:10

That is just horrible for affordability, especially for those 1.2m people coming off fixed rates with less options

[sikhthetech] 29/4/2024 20:03

Mortgages rates rising again.

The avg for 2yr fiz approaching 6% again.

Three major lenders to raise mortgage rates

[kreature] 26/4/2024 00:51

JUGS ……..You can just politely decline without telling hardworking staff where to stick it. Shocking really

[sikhthetech] 25/4/2024 22:12

Jugears

"You would probably be surprised how many people keep large sums of money in a current account"

How many?

It's not the bank's fault if people keep large sums of money in current accounts when other forms of savings are available. You're quick to blame the consumer when they have been fleeced.

I agree bank interest on credit cards/unsecured loans is extortionate.


"my bank offered me an unsecured over draft once just in case I needed it at 29% interest"

That's cheap compared to what's on the market for unsecured overdraft and credit cards.

[jugears] 25/4/2024 22:02

You would probably be surprised how many people keep large sums of money in a current account, it is a competition market out there, but banks could still pay better interest rates on current accounts, they could also notify customers that they could actually gey a better rate rather than waiting for a customer to contact them,my bank offered me an unsecured over draft once just in case I needed it at 29% interest they were politely told where they could stick it especially as my account had always been in credit for several times more than they would have been prepared to loan me!
Lef totally agree with credit cards, fortunately I've never had one, I was all ways taught that if you needed to pay for goods in that way then you didn't need them!

[sikhthetech] 25/4/2024 20:48

Jugears

You don't understand what impacts the housing market and how the markets work.
There's huge debt and at times of huge debt, banks need to charge more to cover potential bad payers. Unsecured loans always carry higher interest.
They also have to have more stringent lending criteria.

There's several bank/BS savings accounts paying around 4-5% and mortgage margin around 2%. Current accounts aren't for saving, are they????

It's a competitive market out there, where banks want your custom.

One minute you're saying there's no shortage of credit, the next you're saying banks are greedy.



JUGEARS25 Apr '24 - 12:30 - 17728 of 17735
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Not shortage of credit availability,the banks are fighting each other to give credit,

[lefrene] 25/4/2024 20:41

To say nothing of 27% on a credit card, simple daylight theft.

[jugears] 25/4/2024 20:31

Why? Banks are greedy. So it's OK to pay a pittance in interest on your current account but charge you 6 plus percent if you have a mortgage????

[kreature] 25/4/2024 19:30

Inflation bound to pick up, banks are looking ahead to the reality, and not trying to con anyone. Borderline slanderous to call the banks ‘greedy’.

[rwlly1] 25/4/2024 18:41

I think inflation will pick up again shortly, pushing any meaningfull rate cuts a long way off.

[jugears] 25/4/2024 18:24

None Whatsoever, but its just a last ditched attempt for greedy banks to lock unsuspecting punters in to fixed rates, knowing full well that rates are due to fall soon.