Taylor Wimpey Share Discussion Threads

[jugears] 13/6/2024 21:39

Sickly,,crest made a loss due to having to make a provision for historical problems on finished sites & a bigger allowance for fire protection work.

[kreature] 13/6/2024 21:36

Glowing review on Trutpilot:

‘ Great customer experience
The process from start to finish was well explained.
Date of experience: 11 June 2024’

[kreature] 13/6/2024 21:18

Buyers waiting for interest rate fall and waiting for stamp duty threshold increase possibility? And waiting for more signs of weakness to get a better deal, and waiting for better quality stock to choose from? Eg 2004 mortgage download renovated houses not under fake freehold ‘scam’ ?

[sikhthetech] 13/6/2024 20:52

UK housebuilder Crest Nicholson slides into loss amid property market woes
Company issues profit warning and slashes dividend, saying buyers are waiting for interest rate cuts





sikhthetech - 15 Jun 2023 - 21:14:39 - 13970 of 15159.

Of course interest rates will eventually come down. However, potential homebuyers holding off for lower rates means lower sales for HBs. These potential homebuyers could hold off for months or more than a year, if prices continue to fall.

[danvandan] 13/6/2024 20:21

A survey by the Royal Institution of Chartered Surveyors (RICS) found that demand had weakened in May.

Tarrant Parsons, senior economist at RICS, said a recent recovery in the housing market "appears to have slipped into reverse of late" which he blamed on higher mortgage rates in the past couple of months.

[sunshine today] 13/6/2024 16:59

2 hours ago
House buyers are putting off purchasing a new home until the Bank of England cuts interest rates, evidence suggests.
UK housebuilder Crest Nicholson was forced to issue a profit warning after it said sales momentum had softened since Easter due to volatile mortgage rates as well as buyers now expecting borrowing costs to drop later this year.
Meanwhile, a survey of chartered surveyors found that demand for homes had weakened in May.

[kreature] 13/6/2024 15:44

Well played by the market maker this morning……;.. pretending there was nothing to worry about?

[kreature] 13/6/2024 15:36

Says, ‘ Builder Sounds alarm on Housing Market’ in London streets this eve…..but I thought the alarm was sounded on here ages ago ?

[danvandan] 13/6/2024 15:30

Bellway and Crest results are exposing the false dawn in this market. I expect a return to the recent low in fairly short order.

Labour manifesto is out. Nothing in it about help-to-buy schemes. Obviously.

[beckers2008] 13/6/2024 14:19

The mug-punters are those that did not invest at 86p when I advised those on here to buy.
They would have made over 70% profit plus 9% yeild.

Remember my Statement...
BoE base rate at 6%
Absolutely no chance.

Q3 24 - BoE base rate to reduce.

Tw. Earnings to increase in 2025.

[jugears] 13/6/2024 14:17

Sick, tell me a bit more about this house your mate bought for 20% less than 2007, you are clearly leaving something out, has bits of land been sold off as building plots since? or has it subsided? or is it just a pile of bricks? you are clearly not telling us the whole story are you, Luton & Cardiff all over again isn't it?

[danvandan] 13/6/2024 13:47

I wonder how your account would look if you were to sell all of your TW shares now and buy them back at £1 in August jugs. Just wondering.

[sikhthetech] 13/6/2024 12:17

The mug punters were those who continued to load up all the way down from around 200p.

Those who went short and then traded have done much better.

[sikhthetech] 13/6/2024 12:15

As expected, Crst warns...

Sales down
Divi slashed
Cash declining fast
Now in net debt.


Other HBs have a flexible divi policy, so they can slash divi to conserve cash. The problem with TW is they are committed to c7.5% of NAV. Unless they change their divi policy they are at risk of running out of cash.

Crst:


Revenue £257.5m (HY23: £282.7m)
Home completions 788 (HY23: 894), comprising open market private of 435 (HY23: 532), bulk deals of 177 (HY23: 115) and affordable completions of 176 (HY23: 247)

Sales per outlet per week (SPOW) of 0.47 (HY23: 0.54) with average outlets at 45 (HY23: 48). Average selling prices have remained stable year on year
Adjusted operating profit1 after accounting for £5.9m of completed sites charges at £6.2m (HY23: £22.1m) also reflecting lower volume and a higher proportion of revenue from low margin sites as the Group makes good progress in reducing low margin inventory

Statutory loss after tax of £23.4m (HY23: profit of £21.1m)

A continued focus on cash management has enabled the Group to maintain balance sheet strength with net debt1,2 at £9.4m (HY23: net cash1,2 £66.2m). £250m revolving credit facility undrawn (HY23: undrawn)

Interim dividend at 1.0 pence per share (HY23: 5.5 pence per share)






sikhthetech - 08 Mar 2024 - 14:53:02 - 17639 of 18172
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.

[jugears] 13/6/2024 12:07

Who are the mug punters, those that didn't invest below 90P???? I totally agree! I think IMEO that the shares price has risen along with the rest of the market & also because the housing market isn't anywhere near as bad as predicted(as I expected).

[rwlly1] 13/6/2024 11:33

The recent rise in the share price was designed to pull in the mug punters, this is how the city works.

[jugears] 13/6/2024 10:55

I am surprised that Tw. are not down a lot further today but then if the markets have done their home work they will understand that Crest have had a lot of past build issues on legacy sites & have also been hit harder by historic Fire safety costs than other builders, when you take that into perspective the results were not really that bad, My expectation & understanding is that TW will come in bang on as predicted.

[beckers2008] 13/6/2024 09:49

Sikhthetech,

What a mug-punter you are, TLY was 300p (advised by a poster on TLY) a share when you invested and made up your own premium ramping board over ten years ago, lol!

I told you to sell when TLY were 40p, you no listen, it went to 3.8p on the bid, lol!

You have once again proven that you are a village idiot...
When is your house price crash prediction gonna come true, you've been wrong every year for 6 years, lol, just lol!

Your not credible.

[sunshine today] 13/6/2024 08:28

Crest dire results and market now desd.

The imminent General Election is creating some short-term uncertainty, but this is anticipated to be alleviated in July once the outcome is known.

[danvandan] 13/6/2024 07:17

If Bellway's results were the wake-up call, Crest's numbers are the coffee arriving at the bedside table. Six more weeks for the full impact of the market slowdown to hit TW before the next results announcement.

[kreature] 13/6/2024 07:10

Everything possibly fine here though. Dunno for sure tho. Maybe dyor?