Taylor Wimpey Share Discussion Threads

[kreature] 19/6/2024 07:58

Oh dear……. Coming unstuck a bit isn’t it? Not quite 180 forecast at the village

[jugears] 19/6/2024 07:20

Nice to see Bkg come in bang on expectations, good set of results IMEO.

[danvandan] 19/6/2024 07:14

Berkely reporting this morning - operating profit down 8% and profit after tax down about 15%. Shareprice at the open is down by about 1%.

[cupra kid] 17/6/2024 19:40

Except for house builders and then names just two of them. What's your narrative again, I can't quite remember.

[kreature] 17/6/2024 17:26

Problem is, perhaps word is finally getting out about Taylor Wimpey and other house builders “scamming” buyers with uncapped estate management charges, as one MP described it here ? :



I tend to disagree because at least TW are upfront about the fee in the rightmove add. Would be better if they also wrote that it is an unregulated and uncapped fee that could potentially harm the value of a house in the future?

Imo

[danvandan] 17/6/2024 16:39

Reported shorts mostly down today EXCEPT for house-builders; Alliance Bernstein increased their short on Barratt, and Marshall Wace increased their short on Crest substantially.

A bounce here - fuelled in part by several down days and a puff-piece about advertised prices for houses on Rightmove staying more or less flat on the year - ebbed away towards the end of the day. We may have seen the peak price for TW this year. Mostly bad news ahead now - low sales, low profits, reducing dividend, disappointment over interest rate cuts that never seem to arrive, more profit warnings from the sector.

I reckon the bulls here will be half right about £1.80 for the sp; probably just £1. Maybe 90p.

[kreature] 17/6/2024 16:13

‘ JUGEARS17 Jun '24 - 08:48 - 28259 of 28261
0 2 0
The share price just can't wait to get back to 1.80.
Baracuda217 Jun '24 - 09:25 - 28260 of 28261
0 0 0
I think 1.80 will be here quicker than you think too
JUGEARS17 Jun '24 - 09:30 - 28261 of 28261
0 1 0
Bara, July
‘

1.8p ? Do you mean 80p ?

[jugears] 17/6/2024 08:30

Bara, July

[baracuda2] 17/6/2024 08:25

I think 1.80 will be here quicker than you think too

[jugears] 17/6/2024 07:48

The share price just can't wait to get back to 1.80.

[sunshine today] 17/6/2024 06:01

After slashing staff by 30% to keep house prices up, TW is in for a massive shock when they try and push production back up.

Look for 30% wage inflation

[kreature] 17/6/2024 00:15

Trustpilot re a Redrow…..

‘ Redrow Fleecehold Scandal -Redrow…
Redrow Fleecehold Scandal -Redrow Southwest MD

We brought a Redrow Henley only later to fully understand the Management Company legal jargon in our TP1 Transfer Deeds. This gives the management agent the ability to charge what they believe they can get away with on the service charges for the public open spaces. When we challenged the Southwest MD through their complaint procedures, we just got fob off and didn’t respond to their own Developers Management Agreement. I now intend to take my complaint back to Redrow CEO.
Date of experience: 15 June 2024 ‘

[kreature] 16/6/2024 22:04

Only appears to be Bellway and Taylor Wimpey declaring the Esate Management Charge in the rightmove listings. Well done to TW on that.

[kreature] 16/6/2024 20:56

Okay…..

[kreature] 16/6/2024 20:37

Good that they are putting the estate management fee in the description. Well done TW

‘ Tenure: Freehold
Estate management fee: £199.94
Council Tax Band: E’

[kreature] 16/6/2024 20:13

These reductions are prob good for the housing market, even if they’re still sticking/stuck a bit ?

Plot 46
Listed April 2023
Reduced 10.2% March 2024 (43k reduction? )
‘ 5% deposit contribution or Part Exchange available. Plus upgraded extras included.’

[kreature] 16/6/2024 16:12

Reduced by 10k (4.7%) soon after listing in June ?
Does that mean that the neighbours are a bit fed up ?
Is it a buyers market ?


Listed April 2024
Reduced June 2024
Quote ‘ Was £325.000 Now £319,995 - Part Exchange available plus upgraded kitchen ‘


Free grass :
‘ Was £424,995 now £419,995 - £20,999.75 towards deposit with upgraded kitchen, flooring & turf’
Translation imv: was overpriced, and still unsold with the mud and grass included


Listed Oct 2023
Reduced by 11.1% June 2024 (405k down to 360k ? )
Are the neighbours in negative equity ?
Has doors included!
‘ £13,000 mortgage contribution* Boasting a spacious kitchen/dining room with French doors to the garden this new home is perfect for entertaining ...’


Listed in March 2024
Reduced by 4.4% June 2024 (340k to 325k ? )
hxxps://www.zoopla.co.uk/new-homes/details/66935378/

[kreature] 16/6/2024 15:55

Bet builers could prob knock 50k off the asking price of some of these hutches and contribute 5% to rate-reduced mortgage and pay the stamp duty, and still make a 3% profit ? As above I guess.

All TW devs in UK

[sunshine today] 16/6/2024 15:47

Builders have hit the buffers, margins are being squeezed, more to the point, cash flow issues, force sales at discounted prices.

However this is start , just watch Labour 1/2 land values to get more houses built, at construction margins of 3% , not the old 15% - 20% the clowns here are expecting to continue.

[sikhthetech] 16/6/2024 12:52

Tlobs2

"Discover our stylish 2 bed coastal apartments at Plumb Park, Exmouth. Prices from £249,000."

Is this the same EX8 postcode where a 2 bed apartment was listed in Nov at £125k and eventually sold 5 months later, £10k below asking price???

The same property was in Dec 2009 for £92,000 by a seller who made a huge £15k loss within 11 months!!

From Dec 2009 to April 2024, 25% up in 15 years!!! Whatever happened to properties doubled since GFC!!!
Proves you can still pick up properties for less than or near to prices achieved during GFC. Just like my friend did last month.

[sikhthetech] 16/6/2024 12:44

Kreature,

Nice list...

although according to Jugears & co, prices are increasing as there's strong demand!!!
They don't provide any evidence though..

[kreature] 16/6/2024 12:26

Labout want to put a rental cap on hardworking landlords, so why not also put a profit cap on new fleecehold hutch profits of say 10k per hutch ? Surely that would incentivise the building of more affordable hutches in greater numbers ? Any snags after exchange to be paid for out of director salaries, thereby incentivising better build quality in the first place ?

[danvandan] 16/6/2024 08:29

Looking as though 'some market uncertainty and affordability challenges for some customers...' in the last trading update is growing and TW is having to discount and give away margin, like everyone else trying to sell a house today - as we have predicted here, despite the denials from TW fans.