Taylor Wimpey Share Discussion Threads

[kreature] 04/9/2024 12:16

Re Barratt

BBC: ‘ Pre-tax profit fell by three quarters for the year, which Barratt blamed on’ Becky, ‘high interest rates putting off housebuyers and inflation pushing up costs.’

[kreature] 04/9/2024 11:42

Vistry results tomorrow. I’m sure they will be wonderful

[kreature] 04/9/2024 11:38

Guardian : Barratt profits PLUNGE 75%


In my opinion buyers are waking up to the “scamming” of selling “fake freehold” houses tarnished with unregulated management companies charging uncapped estate fees for so called ‘grass cutting’. At least that’s how one MP described it. How sad is it that you can no longer buy a brand new home without some third party scum written into the title deeds

[jugears] 04/9/2024 10:43

Becks just filter it like I have, Hb's share price will rise more on rate cuts than any promises that labour make, as we all know that Labours plans were floored from the start, Hb's are now recovery stocks & well below true value IMEO!

[danvandan] 04/9/2024 09:02

For the rampers here who refuse to acknowledge reality, another wake-up call, this time from Barratt. Dreadful results reported this morning. Adjusted profit has collapsed by more than half and so too has the dividend. Reported profit before tax is down 75%.

· Adjusted profit before tax of £385.0m (FY23: £884.3m).
· Reported profit before tax, after deducting adjusting items, of £170.5m (FY23: £705.1m).

Regarding the future, the business is staring into the abyss:

'The Board recognises that it needs to manage Barratt through what may be another challenging year for the market ...'

The profit collapse in house-building becomes more and more obvious with each release of results from the listed builders. Soon, the hype won't be enough to keep the shareprice up. It's already looking ridiculous; everyone in the industry is ramping any tiny incremental sign that the property market might improve while the numbers in black and white show the stark reality of a sector-wide collapse as the housing bubble begins to deflate. Target price here: £1.

[beckers2008] 04/9/2024 08:58

DvD,

I remember when you said on results day, TW. would collapse, wrong again, lol!

How's your pitiful short at £1.335 doing, lol, just lol!

[danvandan] 04/9/2024 08:51

Dreadful results from Barratt reported this morning. Adjusted profit has collapsed by more than half and so too has the dividend. Reported profit before tax is down 75%.

· Adjusted profit before tax of £385.0m (FY23: £884.3m).
· Reported profit before tax, after deducting adjusting items, of £170.5m (FY23: £705.1m).

Regarding the future, the business is staring into the abyss:

'The Board recognises that it needs to manage Barratt through what may be another challenging year for the market ...'

The profit collapse in house-building becomes more and more obvious with each release of results from the listed builders. Soon, the hype won't be enough to keep the shareprice up. It's already looking ridiculous; everyone in the industry is ramping any tiny incremental sign that the property market might improve while the numbers in black and white show the stark reality of a sector-wide collapse as the housing bubble begins to deflate. Target price here: £1.

[kreature] 03/9/2024 20:34

I don’t think anyone is even bothering to look for houses are they ? The old houses are leaking, and the new houses are a ‘scam’ according to at least one MP …..Seems like you’re only quids in if you have absolutely nothing, so as to perhaps qualify for social housing ?

[kreature] 03/9/2024 09:55

Everyone bricking it re Vistry results on Thursday ?

[cupra kid] 02/9/2024 14:13

DVD - How come you're not giving us the daily short position at BDEV now? Maybe because a lot have closed perhaps?

[beckers2008] 02/9/2024 12:16

Remember my statement...

BoE base rate at 6%
Absolutely no chance.

Q3 2024 interest rate reduction?
Absolutely every chance.
I was correct yet again!

I expect the UK’s next rate cut to come in Q4 2024 followed by four quarterly cuts in 2025 and one cut in 2026 – resulting in a 3.5 per cent base rate by the middle of 2026.

Watch and learn trolls, you have lost the argument as I told you over a year ago.

Now when is the UK house price crash going to happen, lol, just lol!

[itisonlymoney] 31/8/2024 12:39

good article here with some facts and figures on the state of play:

[itisonlymoney] 31/8/2024 12:19

vistry were doing a little better than the bigger housebuilders with their partnership approach. redrow might be a good indicator on how TW is doing. shareprice suggests that the feelgood sentiment is ebbing and the housing market feels like it's years away from recovery imo.

[kreature] 31/8/2024 06:39

Hmmm…..
Vistry half year results 5th Sept
Redrow results 11th Sept

[danvandan] 30/8/2024 15:46

The divergence between the share price here - close to a two-year high - and the delivery of actual profit is huge. The share price has been hyped by expectations and continues to stay completely disconnected from reality.



The number of new dwellings completed in the first quarter of 2024 was down 17% year on year to 38,400 units.

This ranked as the worst quarterly delivery performance for completions since the start of 2016 setting a trajectory of just 153,000 new homes likely be completed in 2024 – half of the previous and new government’s annual housing delivery target.

[danvandan] 30/8/2024 15:42

New home building fell sharply in the UK last year, according to official data, underscoring the huge challenge facing the new Labour government to meet its goal of building 1.5mn new homes over five years. 

The number of new homes completed in the year to March fell by 13 per cent to 183,610, similar to the number built during the first year of the Covid-19 lockdown, according to the Office for National Statistics. 

Housing starts fell more sharply, by roughly a fifth to 162,340 — the lowest since 2014 — suggesting that the supply of new housing will continue to decline. 

“Starts are a lead indicator of what is actually going to be delivered on the ground in the coming year,” said Lucian Cook, head of residential research at Savills. “It shows the quantum of the challenge you have got in terms of housing delivery.”  

[beckers2008] 30/8/2024 15:35

From the FT.

The UK recorded the fastest annual house price growth in August since late 2022, according to lender Nationwide, as cheaper mortgages continued to power a gradual recovery in the property market.

The mortgage lender’s house price index rose 2.4 per cent year on year in August, but compared with July, prices edged down 0.2 per cent and came in lower than the 0.2 per cent monthly increase forecast by economists.

The trolls lost the argument as I told them over a year ago.

Now when is this house price crash going to happen?
Lol, just lol!

[sikhthetech] 30/8/2024 12:10

Labour doing what they do.... tax and spend, workers rights etc

[kreature] 30/8/2024 10:48

4 day week ?! The new-build estate management companies won’t stand for that nonsense. 4 days a month maximum surely ?

[martyn9] 30/8/2024 10:27

keir stalin, proposing the 4 day working week!! Well, won't happen with the HBs, most are sub-contractors who want to work 5/6 days a week and management also in agreement.
As for suppliers IF you want to keep any supply contracts toe the line or we will find plenty of others who will gladly step up to the mark.
This agenda suits civil servants and council workers tossing it off at home who do not add or contribute anything towards productivity.

[kreature] 29/8/2024 16:58

I think I might complain to my building society and object to them lending on so called fake-freehold houses. Surley that sort of irresponsible activity is putting savers at greater risk ?

[beckers2008] 29/8/2024 08:06

Sikhthetech,

You are simply a fraud who is a clueless mug-punter and whom has lost it's shirt from October 2018 when it called TW. short, lol!

Tell me, when is your each and every year's house price crash going to happen for the last six years, lol, just lol!

You are not credible.