Taylor Wimpey Share Discussion Threads

[imastu pidgitaswell] 21/1/2011 16:52

Something in nothing - personally quite happy that we had the pullback Wednesday and Thursday, closing any version of a gap and putting in support at 35.




I'm just saying the NAV thing is a starting point - it should not really be trading below that value in a no/small debt business, which TW. would be if it sold TM for its NAV. TW. would then have a NAV excluding the latest deferred tax of 47-48p, and 56-57p including it - I'm just saying that around 50p should then be a floor. Not that it will be, but that it should be and would also be in line with other UK housebuilders with no/low debt profiles.

[spennysimmo] 21/1/2011 16:21

Usual Friday afternoon profit taking.

[slytherin] 21/1/2011 15:53

Hope you're right smurfy - can't believe Taylor Morrison has no value other than the historic net assets it has already built up. What about the value of planning permission granted on the landbank, the brand and future profits - I don't expect to see that given away for nothing. If we could get £200m above NAV, it will offset the refinancing bank charges :o(

[smurfy2001] 21/1/2011 15:44

I'm sure it will be above NAV for the US/Canada business. Canada is doing well and US is picking up.

[slytherin] 21/1/2011 15:22

A valuation at net (tangible) assets implies no value attributed to future profitability, doesn't it? It's all strange.......but then if it was rational, no-one would make any money. Thought for the day.

[imastu pidgitaswell] 21/1/2011 15:08

It would, if a deal is done at the levels mooted, also demonstrate the reality of Net Asset Value being a basis for a share price, not a large percentage discount.

[sir rational] 21/1/2011 15:00

I disagree with that comment about TM. The certainty of a sale at $1b would be a huge positive for the share price

Currently there is considerable uncertainty about done deal, price & timing.

[imastu pidgitaswell] 21/1/2011 14:55

Took its time - but better late than never...

[sir rational] 21/1/2011 14:52

In da channel! Bring it on

[sir rational] 21/1/2011 14:50

Don't think Paulypilot would have been very attwacted to them blue film porn star girls lol

[sir rational] 21/1/2011 14:46

What's twitterer mean?

[sir rational] 21/1/2011 14:35

Just back to where we were before the TU

[slytherin] 21/1/2011 14:32

Ludlow, I don't do horses, just lame dogs which might recover :o)

[slytherin] 21/1/2011 14:31

US Sale confirmation won't in my view cause a price surge - it's not going to add anything to net asset value and it will reduce earnings. Although it will de-gear the company to some extent, a good chunk of the proceeds are to be spent on UK landbank, so the idea of a debt-free business doesn't ring true.

I struggle to believe there are many people waiting for formal confirmation of a Taylor Morrison sale before buying in! Stable door and horse bolted.

[fewdollarsmore] 21/1/2011 12:48

Slytherin - the US sale pay blow you cup and handle away.. note to self sell at 44p

[ludlowe] 21/1/2011 12:35

what about the 2:30 at haydock ,

[slytherin] 21/1/2011 12:34

I'm still putting my money on a cup and handle, so a gradual rise now to 44p, a fallback to 35p-40p, then a technical target of 66p.

[martyn9] 21/1/2011 11:54

bit of role reversal here,for a nice change.

[sir rational] 21/1/2011 11:33

...go on lads!...

[shaws37] 21/1/2011 10:51

psn - down. bdev - down. tw. - up

[pointscorer] 21/1/2011 10:07

US Futures slowly improving and markets moving with it.

[sir rational] 21/1/2011 10:05

...and just about succeeding...

[pointscorer] 21/1/2011 09:17

Trying to break through 36p