Taylor Wimpey Share Discussion Threads

[hiq] 30/12/2010 06:51

It's a few days out of date, will update it

[sequoia] 30/12/2010 00:26

hiq is your chart in primary mode or secondary mode ?
looks like secondary to me.
seq

[hiq] 29/12/2010 16:32

Satisfactory

[hiq] 29/12/2010 14:58

Yes & my chart says 32p is irrelevant despite the obvious resistance - for me it's all about 33p!

[homeboy35] 29/12/2010 14:51

F..k me actually in profit on the wimp!

[hiq] 29/12/2010 14:44

Aye!

Aye!

Aye!

[hiq] 29/12/2010 14:23

Half way to 33p and 1.5 trading sessions to go

[jugears] 29/12/2010 14:17

Nice to see TW heading back up where it should be, Lets all be positive about this company next year.

[hiq] 29/12/2010 11:33

Rephrasing that: better than Labour politicians.

Centre/Right generally leaves the market more freedom

[deanforester] 29/12/2010 11:28

An article in the Telegraph today has now doubt stirred things up:



Those in the market to buy a home are those with equity, and they will be looking for a larger family home, says Mark Clare, the Barratt Developments chief executive.

It confirms what I've always thought, that the concentration on so-called "affordable housing" was a big mistake. If you build bigger houses, people vacate the smaller properties, which those further down the ladder can take-up, and so on.

TW are doing the same, according to

We are seeing attractive opportunities in the UK land market and have approved new land purchase commitments for 3,055 new plots since the half year (H2 2009: 3,003 plots). Included within these commitments is an agreement to develop 378 homes across a portfolio of eight high-quality residential sites in the south-east of England. These sites are all expected to be active outlets in 2011.

The market knows better than politicians.

DF

[hiq] 29/12/2010 11:21

Aye!

Aye!

[hiq] 29/12/2010 11:03

The new year will see a lot of interest here - pretty obvious TW. is heading back for the 40s - instis could bank +40-50% in the first quarter

[hiq] 29/12/2010 09:58

I think breaking 33p is a real possibility before 2011 begins

[hiq] 29/12/2010 09:39

Deutsche got BUY rec with 61p target

[barf2] 29/12/2010 08:07

You've got to laugh!

Capital Economics came bottom of a Times review of 2010 based on accuracy of predictions.

CE called the housing market down 10% last year and are repeating it yet the Telegraph uses them as the yardstick for quotes etc!

They should have been fined for misleading the public and you'd hope the people they advise would withdraw their business.

Meanwhile Halifax says FTB have best affordability for 3 years.

Sentiment is turning folks.

[shaws37] 28/12/2010 19:12

Housing Starts Seen Rising to 3-Year High With Boost for Jobs

[arab3] 27/12/2010 12:08

44p

breakeven then !!

[hiq] 27/12/2010 11:02

44p beckons

[uknighted] 27/12/2010 09:46

Taylor Wimpey tops out recovery
The Sunday Times
All blog posts
25 December 2010 13:40

*

You might have thought that as the country's second-biggest housebuilder, Taylor Wimpey would have seen its shares take a beating last week, writes Danny Fortson.

The British Bankers' Association revealed that mortgage lending hit a 20-month low, while the Bank of England's Paul Fisher, a member of the committee that sets interest rates, warned that he wants to see them back up to about 5%, 10 times the current level.

Yet Taylor sailed through, with the stock actually up slightly.

After a few horrid years, investors seem to have become hardened to all but the most harrowing news. And there are reasons, if not to be cheerful, at least not to be so gloomy.

It has been a hard slog back to financial terra firma but the end is in sight. Last month Taylor agreed the last piece of its long-running financial restructuring, receiving a new £950m credit line on a much lower rate and a longer repayment horizon than previously.

The deal is contingent on it raising £350m of new debt, but that shouldn't pose much of a problem given the benign conditions in the debt markets.

At the height of the housing crisis last year, Peter Redfern, the chief executive, was forced to lay off thousands of staff and raise £510m in an emergency rights issue to see it through. This summer the company returned to profit for the first time in three years.

Taylor Wimpey recently launched the sale of its American business, which could bring in £600m. The company is not out of the woods but backers say that it is a survivor, taken to the brink by the financial meltdown but now poised to benefit from the hard medicine it chose to take.

It's not that long ago that Taylor Woodrow, as it was then, announced its top-of-the-market merger in mid 2007 with the rival George Wimpey. The deal, which created a £5 billion giant in a violently contracting market, almost proved its undoing.

Of course, Redfern wasn't alone in daring to do a big deal. At about the same time, Sir Fred Goodwin was sealing the fate of Royal Bank of Scotland with his pursuit of ABN Amro. Taylor's deal hasn't had such a tragic ending but it has proved to be fairly ugly nonetheless.

With its shares at 31p - less than a tenth of what they reached before the financial crisis struck in 2007 - many are betting that, with its balance sheet knocked back into shape, the company has only one way to go.

Deutsche Bank, the investment bank, has put a price target of 61p on the shares. "With the refinancing achieved ahead of schedule, the market may gain confidence in the company achieving the next stage of its transformation in a timely manner," it said.

Housing experts expect demand to remain tepid in 2011 as austerity measures bite and inflation increases. As a dominant player, Taylor is well-placed to benefit from what business there is to be had.

In the meantime, Redfern is pulling all the levers he can to get the company on the right track. Its order book stands at just over £1.6 billion and analysts are expecting full-year earnings to come in near the top of the range. Yet if there is anything that the past few years have taught us, and certainly Redfern, it is to expect the unexpected.

[sequoia] 26/12/2010 20:32

I don`t need any media to tell me what price is coming. 38p next.
seq.
edit they sell newspapers, I trade shares.
seq

[ludlowe] 26/12/2010 20:17

panachegrp - 26 Dec'10 - 07:02 - 5786 of 5794

Tipped in The Sunday Times - Deutche?? (cant spell) Bank says 61p by end 2011.

--

have you a link please /

[shaws37] 26/12/2010 20:15

seq, cheers mate, you're all heart. lol :)

[sequoia] 26/12/2010 19:40

shaws37 Here`s my Christmas card to you as your snowed in.






enjoy seq.

[shaws37] 26/12/2010 15:47

"snowed in" means road blocked with 3 to 5 foot drifts. snow tyres will make no difference. Thanks for your suggestion though.