Taylor Wimpey Share Discussion Threads

[scars] 23/11/2010 16:36

Dow being down is more likely due to the North Korea attack

[slytherin] 23/11/2010 15:53

US housing data pretty awful, down 2.2% in October, hence DOW plummeting and TW dropping with it

[smurfy2001] 23/11/2010 12:58

Hmmmm, l would wait for around 22.5p to do the top up assuming the downtrend continues then sell @ book value to claim your free shares above 25p.

[high stock jim] 23/11/2010 12:57

want 24.5 to top up but bugga's wont drop the price

[smurfy2001] 23/11/2010 11:50

OK then.

I'll be back in 5 years.

[spennysimmo] 23/11/2010 10:44

This is the channel that needs to break.

[analyzer] 23/11/2010 09:59

Apologies if you have already seen this from today's CMC feed ...

M&G is to play banker to Taylor Wimpey, helping the embattled housebuilder to complete a crunch refinancing deal. The £100m deal with the Prudential's fund management arm is the latest example of an increased willingness by life insurance and pension funds to lend cash to companies in danger of being starved of capital by their banks, the Times reports.

[abu azaan] 23/11/2010 09:49

why can't TW rise 2 days in a row with good news! both good news, the interim statement and refinancing have both been p'd on by the performance of the wider markets

[sequoia] 22/11/2010 21:44

LLOY at 60.04
BDEV a little harder to find,but it`s there.
seq

[racg] 22/11/2010 21:31

where the gap?

[sequoia] 22/11/2010 21:27

Just found two gaps to fill,one in LLOY the other in BDEV.
seq

[racg] 22/11/2010 16:18

it is an expensive price!

[hiq] 22/11/2010 15:07

They need their pound of flesh but that's the price of support that will see TW. back up in the 50p range within a few months

[racg] 22/11/2010 15:06

100 million?

We need to do something to stop this theft!

[phillis] 22/11/2010 15:05

a 50% increase in PBT!
just like that

[smurfy2001] 22/11/2010 14:45

imastu pidgitaswell, it's not announced yet but overall it will be around %8 due to lower interest on bank debt, so imples notes will be at a higher percentage.

Yes, the banks have taken TW to the cleaners on the £100m.

I thought banks were suppose to help businesses, £100m for a refinance is incredible given the companies you could buy :o)

[hiq] 22/11/2010 14:45

25.2p is the new support

[hiq] 22/11/2010 14:37

£40m of interest saved per annum soon pays that off ;-)

[hiq] 22/11/2010 14:32

They're guiding 8% overall so that means lower on the bank facility, higher on the paper - see that FT stuff I posted an hour or so ago

[imastu pidgitaswell] 22/11/2010 14:26

The thing I don't understand about this is the actual costs of borrowing on the new £950m facility.

Slide 34 on the attached presentation gives the current borrowing profile - 7-8% on most of it (£741m gross), but only 2.4% on the facility used.



If the new funding will consist of £350m debt, at much the same 7-8%, and the balance is the facility, the key question is at what rate will borrowing on the new facility be?

Is that known yet?

[hiq] 22/11/2010 14:21

This is actually all extremely encouraging

[hiq] 22/11/2010 14:19

Got a mate at the FT lol

[scars] 22/11/2010 14:05

Your math is good today hiq, how did you work that one out?

[hiq] 22/11/2010 13:55

That's £40m extra on the bottom line