Taylor Wimpey Share Discussion Threads

[pointscorer] 18/1/2011 07:52

So 10 mins to go, what price open?

[shaws37] 18/1/2011 07:28

i'll also take 9.4p :)

[sir rational] 18/1/2011 07:26

£300m/ 3197m shares = 9.4p a share

I'll take it ;-)

[letsgetbizzay] 18/1/2011 07:19

Deserves a nice boost on the back of those figures :)

[spennysimmo] 18/1/2011 07:18

Should be an interesting day.

[sir rational] 18/1/2011 07:16

Morning Spenny, they are clearly not ready yet with a TM announcement but these things don't happen overnight. The £300m goes straight on the NAV, though and is worth...10p a share if my mental arithmetic serves

[sir rational] 18/1/2011 07:13

Bingo!

Given the return to profit of our UK Housing business and the stable market outlook in the UK, we expect to be in a position to recognise approximately GBP300 million of our UK deferred tax asset in our year end results. In addition, we are making good progress in respect of our ongoing tax reviews with the respective revenue authorities and will update the market with our year end results.

[spennysimmo] 18/1/2011 07:10

Morning Sir. A lot of positives but some negatives thrown into the mix as well. Be interesting to see how the market takes it. I think most were hoping for something more concrete on the US sale.

[sir rational] 18/1/2011 07:08

Overview

-- Underlying operating profit and profit before tax ahead of the upgraded expectations set in the November IMS due to outperformance in North America

-- Full year reported operating margin for UK Housing expected to be approximately 7% (FY 2009: 0.8%)

-- Refinancing completed, giving the Group greater operational flexibility and secured funding at a lower blended rate

-- Strong cash generation and lower than expected net debt of c.GBP660 million, despite one-off refinancing payments and pension contribution of GBP183 million

-- Strong position to deliver further margin improvement in 2011

Pete Redfern, Chief Executive of Taylor Wimpey, said "We have delivered a much improved performance in 2010. We are now in a strong position to add significant value by maximising returns from our existing land portfolio and adding high quality new land on attractive terms."

[sir rational] 18/1/2011 06:48

HOUSE PRICES SET TO SURGE

By Sarah O'Grady Have your say(4)
PROPERTY prices are heading for a spring bounce, according to the country's leading experts.

Price falls have steadied and more homes coming up for sale will boost confidence, reports the Royal Institution of Chartered Surveyors.

Its latest housing study, a closely watched indicator of the market's health, is upbeat about the direction sales are heading, with a growing number of experts forecasting them to rise over the next three months.

Institution spokesman Jeremy Leaf said: "Although bad weather hit the housing market during December, sales levels have remained stable and sentiment does appear more positive for the coming months."

Just 39 per cent of surveyors reported values falling last month, down from the 44 per cent who did so in November.

And in a second sign that the country is resiliently defying the economic downturn a study found that consumer confidence rose for the first time in four months during December as people felt slightly less pessimistic about the future of the economy and the jobs market.

The Nationwide Consumer Confidence Index stood at 53 at the end of December, up from just 45 in November, although still 24 points lower than it started the year.

Responding to the RICS findings last night, Ray Boulger, mortgage expert at brokers John Charcol, said: "Clearly it's encouraging for people wanting to sell their home this year.


"It's only a small increase, but positive sentiment is important to help change the perspective of people who are feeling less confident in the market."

Britain's biggest building society, Nationwide, also reported a rise in house prices in December, by 0.4 per cent.

Andrew Montlake, of the mortgage group Coreco, said: "While many have assumed there will be a fall in prices the reality could prove somewhat different as continued low stock levels continue to provide some support to prices, with agents still reporting fierce competition for good quality properties, especially in the high demand areas of London and the South-east.

"Many people have put their lives on hold since the credit crisis began and I suspect that once they become more settled in the new environment and comfortable that their jobs are safe, buyer sentiment will improve.

"Many will be tempted back on to the market to take advantage of competitive mortgage rates and the perception of good property deals before the recovery really takes hold next year."

In the three months to last December, the average number of completed sales per surveyor stabilised at an average of 15.2 from 14.8.

Across the UK, completed transactions were highest in the East Midlands, with 19 per surveyor, and Yorkshire and the Humber with 18.

East Anglia recorded the lowest level of transactions, with an average of just 10 per surveyor.

The RICS report is the latest in a run of positive data for the housing market.

Yesterday property website Rightmove recorded a 0.3 per cent rise in asking prices for properties in England and Wales during the five weeks to January 8.

The group said a shortage of homes for sale, combined with a surge in demand from potential buyers, should help to underpin prices in popular areas in the run-up to the spring moving season.

The site experienced its traditional new year surge in potential buyers, recording its busiest day so far on January 11, with more than 28.3 million pages viewed.

The figures suggest the current mismatch between supply and demand may be shifting back in favour of sellers, after a shortage of buyers had forced prices down.

Howard Archer, chief UK and European economist at the economic forecaster IHS Global Insight, said: "Clearly, if the supply-demand balance in housing moves increasingly away from buyers towards sellers, it will provide significant support for house prices."

Read more:

[fewdollarsmore] 17/1/2011 21:34

I dont expect much tom as it seems most of the news now seems priced in... not long to wait and happy to be proved wrong.

[smurfy2001] 17/1/2011 18:20

Mucker, l hope you behave fella.

[ludlowe] 17/1/2011 17:12

pass the popcorn

[leedskier] 17/1/2011 17:08

`Yep someone has bought the best seat in the house for the opening round.

[leedskier] 17/1/2011 17:06

New high....

[ludlowe] 17/1/2011 16:57

auction: 17/01/11 16:44 35.307 1,600,000 O 35.15 35.17 Buy

[shammytime] 17/1/2011 16:56

Is that a double top just formed or a new high?

[leedskier] 17/1/2011 16:33

Just said the same to my brokers. Market is correcting, it is just disguising it by running one or two shares up the flag pole everyday.

[jibba_jabba] 17/1/2011 16:32

Lets hope it's not a first minute KO...

[leedskier] 17/1/2011 16:25

Just bought a ring side seat j_j.

[shammytime] 17/1/2011 16:21

Last chance to get - possible mention of takeover interest tomorrow would be nice :-D

[sir rational] 17/1/2011 16:18

Easiest 15% of the week