Taylor Wimpey Share Discussion Threads

[sir rational] 03/2/2011 09:09

Looks like a period of consolidation to me - which is perfectly good

[shaws37] 03/2/2011 09:07

APHRODITES - 3 Feb'11 - 08:41 - 6685 of 6685


The chart doesn't look good does it!




......................................

I beg to differ. If it was at zero - Then i would agree. ;)

[aphrodites] 03/2/2011 08:41

NewKid

As I said when we first touched on this subject I bought when prices were supposed to be in a rising trend. But that was only for new buildings. Every man and his dog was getting pulled in to buy in what appeared to be a spiraling trend. But when you tried to sell the second hand market was a different thing.

It surprised me that when I came to sell it took 6 months and I lost money.

But it's a bit like TW you can't make money every time you trade!

Imastu

The chart doesn't look good does it!

[imastu pidgitaswell] 03/2/2011 08:20

It's not going to add anything to the share price, but a good non-exec appointment nonetheless - useful working knowledge (2010 on MPC) of interest rate thinking and procedure, plus land use and planning permission process knowledge.

Would like to see this close (well) above 35p by end of tomorrow...

[newkid] 03/2/2011 08:13

Morning APHRODITES. 2000 to 2004 was the period of the largest gains here in Spain before price falls late 2005. Surprised you didn't come out at least flat. Anyway I know you are short here and wish you the best with your investment, but I for one will remain long here.

[shaws37] 03/2/2011 07:57

Lets hope so, but time will tell.

[spennysimmo] 03/2/2011 07:30

Useful appointment.

[sir rational] 02/2/2011 19:18

I think we're due an RNS.

[aphrodites] 02/2/2011 18:55

NewKid

I am quite conversant with exchange rates having been in charge of a dealing room in the City in my younger days.

It's amazing, when you look back you find how quickly times flies!

It seemed like only 4 years ago I sold but on looking back at my computer records I see we bought at the end on November 2000 and sold in September 2004.

It was pesetas when we bought and Euros when we sold.

We bought pesetas at 271.02 but I cannot find the Euro exchange rate when we sold.

If my memory is correct we missed the big appreciation of the Euro and in fact sterling was very strong at the time.

Remember the estate agent alone charged £22,500 + tax.

Then there was the spread between the buy and sell both ways which cost around £5k

Solicitors costs both ways.

The loss on the house which I estimated was around £10k but was probably more.

And then there was I am sure a currency loss.

It was easy to round off a loss of £70k!

I would never buy another house abroad.

[newkid] 02/2/2011 17:54

APHRODITES. I meant to buy your apartment back. Can't see how you would make that kind of loss. When did you buy? If you had bought in 2004 you would have been in at 1.55 - 1.62 euros to the £. If you had sold in 2008 you could have got anything between .92 - 1.20 euros to the £. So you should have walked away flat if not with a profit.

£185,000 X 1.62 = E300,000 + 10% = E330,000 Total Cost
£193,000 X 1.55 = E300,000 + 10% = E330,000 Total Cost
E290,000 - 30,000(Purchase cost) = 260,000 / 1.20 = £216,000-£185,000 = £31k profit less costs.
E290,000 - 30,000(Purchase cost) = 260,000 / 0.92 = £282.000-£185,000 = £97k profit less costs.

If you paid £193,000 then just subtract £8,000 from the profit.

If you had bought after 2006 then you will have to wait a very long time to see a break even point.

[aphrodites] 02/2/2011 16:48

Sir R

No worries yet about my short position which is till onside.

The wave sequence could be panning out for the next 3p fall. One thing is certain, in a market where there is a lot of blue around TW is not exactly setting things alight!

New Kid

Not sure what you mean by you assume I have tried. Is it the golf you are referring to our buying houses. I know the housing market has improved a lot down there over the last year but there are still some bargains to be had. Even the estate agents have had to drop their excessive fees of 7.5% and about time too. The house I bought cost £300k. I had it for 3 years in a market in which prices were supposed to have been moving upwards. That was until you tried to sell! I did not like the amount of building which was going on around the whole area of Marbella, Spain area. Cranes dotted the horizon wherever you looked. I was fortunate to sell. I took a £10k loss. But after the cost of the exchange rate in and then out, legal fees and the 7.5% estate agent fee it cost me £70k. All useful to set against capital gains. As for the package golf deals it depends where you play. Courses where we play like Alcaidesa and the Marbella Resort cost a minimum of 120 Euros. But we are lucky as two of our party are members of Los Brisas which is one of the best courses in Europe. But then membership of that club was as high as £80k at one time. I understand the membership price has halved in recent years. Lots of problems in Spain. I would not like to live there. I learned my lesson and would never a buy a property abroad again. I now have several good time shares which are flexible and swappable for other places in the world. Due to leave for Antigua in two weeks time to stay in our time share villa there. It wonderful!

Naed

I know the golf is cheap there. But live with the French, you must be joking!!

Got to rush my buns in the oven are burning!!!

[barf2] 02/2/2011 16:40

Was thinking the same spenny.

[spennysimmo] 02/2/2011 16:33

Down. Seen it time and time again. 4-5 days to edge up 1p and then down 1-2p in one day. I hope not but that is often the pattern.

[naed] 02/2/2011 16:30

bang what?? up or down

[spennysimmo] 02/2/2011 16:26

I don't like this. This stinks of four or five days of very small rises and then bang.

[naed] 02/2/2011 15:47

Aphrodites,
Buy my house in France, Deaux Sevres. 27 hole golf course 10 mins drive, good fishing, restaurants..........good price. 4 bed plus office.

[shaws37] 02/2/2011 12:20

Mortgage lenders ease loan restrictions.

[newkid] 02/2/2011 11:51

APHRODITES. I take it you have tried then or how would you know? I am involved in the property market and yes there are bargains to be had but in general the market is a lot better then it was 12 months ago. Investors are moving in big time. Also properties on golf courses were always over priced by at least 50% just because it was on a golf course. Same for a property frontline beach. Real value for money has always been the properties a short walk away from the beach and they still are.

PS: You can get some great package deals if you want to play golf these days. Some are charging 30 euros around.

[sir rational] 02/2/2011 11:48

Homebuyers keen to snap up property in High Wycombe
1st February 2011

New homes at Taylor Wimpey's Kingshill Grange development of property for sale in High Wycombe are selling fast, with more than 50% of 2011 homes already reserved.

[sir rational] 02/2/2011 11:44

Stone Pippin Orchard is a sell-out success
1st February 2011 Print Email Share

Champagne corks are popping in Evesham after Taylor Wimpey Midlands sold its final home at its luxury Stone Pippin Orchard development in Badsey following a flurry of interest from home buyers keen to move up the property ladder.

The development has been a huge success since its launch in 2009

[gbh2] 02/2/2011 10:24

House Buying interest usually increases end of this month so still hopefull re this one's future prospects.

[imastu pidgitaswell] 02/2/2011 10:08

Certainly is. Doesn't feel like three days (including today so far) of this moving up, but it is:

[sir rational] 02/2/2011 09:54

35p-ish quite an important line - resistance vs support, -----> UP from here

[sir rational] 02/2/2011 09:46

Affro I wouldn't like to be short now, you forgot to stick to the knitting

[sir rational] 02/2/2011 09:34

UK PMI construction rises more than expected - rises to 53.7 in January suggesting the sector is expanding