Taylor Wimpey Share Discussion Threads

[smurfy2001] 25/2/2011 11:29

Showing 37.33 on IG (price via Chi-X l reckon)

[cougaruser] 25/2/2011 11:23

Whilst the LSE is down, Plus markets are apparently trading and TW.GB is currently top of the leader board with a gain of 28.7% + 10.32p at 46.25.
Very low volume currently, anyone tried to trade it?

[sir rational] 24/2/2011 16:22

Jeepers creepers

[sir rational] 24/2/2011 15:35

They seem to be shrugging that off

[jibba_jabba] 24/2/2011 13:34

New home sales 1500.

[barf2] 24/2/2011 12:05

Dear me, he's angry isn't he?

[barf2] 24/2/2011 11:44

Looks like some Hedgie wasn't paying attention and it moved to blue behind his back.
He's back now and slapping it back below 37p

[sir rational] 24/2/2011 10:43

resilient as a brick

[sir rational] 24/2/2011 07:56

All in the mix, which is a lot less adverse than when they were forced to build pikey houses lol

[sir rational] 24/2/2011 07:54

Housebuilder Barratt is vowing to keep build costs down as the firm rebuilds its profit margins.

Operating margins across the business for the half-year to December 31, 2010 increased to 5% from 0.6% in the same period last time.

The company said: "We have continued to pursue further operational efficiencies designed to reduce our build costs and increase the effectiveness of our operations.

"We have maintained a firm control on direct costs despite upward price pressures on certain materials.

"There has been no increase in overheads in the period and, looking ahead, the Group is focused on lowering these costs further as it sees the benefits of investment in new systems coming through.

"Further progress on costs is also targeted from technical innovation, in particular the efficient delivery of low carbon housing."

Pre-tax losses at the firm fell to £4.6m from £178.4m while Barratt agreed deals on land with room for more than 6,000 new homes during the period.

Work is expected to start on a further 100 sites this year with construction underway on 390 sites by June.

Group chief executive Mark Clare said: "By focusing on price not volume and improving the underlying efficiency of our business, we have achieved a significant improvement in our operating margin despite a challenging autumn selling season.

"2011 has started well with encouraging sales rates and stable underlying pricing. We expect to see further operating margin growth in our second half as we continue to optimise prices, reduce costs and open new higher margin sites from recently acquired land.

"However, the market remains fragile and longer term recovery continues to depend on greater availability of mortgage finance."

[spennysimmo] 24/2/2011 07:30

BDEV half yearly out this morning.

[sir rational] 24/2/2011 07:26

Please respect FT.com's ts&cs and copyright policy which allow you to: share

Galliford Try points to housing recovery
By Ed Hammond

Published: February 24 2011 04:28 | Last updated: February 24 2011 04:28

Galliford Try added to speculation of a recovery in the housing market, with the company reporting strong sales and reservations since the start of the year.

The hybrid housebuilding and construction group said the number of visitors to its sites had risen 36 per cent during the seven weeks since December, while reservations per site were up to 0.53 a week, compared with 0.32 in the quarter to the new year.

In the past seven weeks, Taylor Wimpey, Redrow and Bellway, three of the UK's largest housebuilders, have all reported better than expected levels of activity. The positive statements come in the wake of a drab autumn selling season and have sparked hope of a recovery in the property market.

Galliford, in line with sector rivals, has also radically altered its sales mix, with apartments accounting for 30 per cent of sales, compared with 65 per cent of sales three years ago.

Galliford has sought to transform itself from a contractor to a housebuilder since raising £125m ($203m) 18 months ago and has invested heavily in new land.

"We are not sure why trading has been so strong since new year. People were saying it was just an overhang from December running into January, but it has continued through February," said Greg Fitzgerald, chief executive.

"We don't want to get carried away though and the real question is, when does the City start getting more bullish on the sector?"

Pre-tax profits for the six months to December 31 rose to £17m, compared with £6.4m for the same period a year earlier. Sales of £576m were slightly ahead of 2009's £570m, while the interim dividend rises 36 per cent to 4.5p – Galliford has stated the aim of returning a third of pre-tax profits to shareholders.

The group said the construction market had been tough during the period. However, Mr Fitzgerald said he thought the downturn in building work had "bottomed out".

Mark Hughes, at Panmure Gordon, said the group's transition from construction company to housebuilder was progressing well and added that the shares looked undervalued.

"The current share price discounts the housebuilding business and effectively values the construction business for nothing. We expect this anomaly to be recognised by investors in the coming months as the company drives on towards its stated strategic objectives," said Mr Hughes.

Shares in Galliford, which have rallied 22 per cent during the past six months, rose 10p to 360p on Wednesday.
.Copyright The Financial Times Limited 2011. You may share

[sequoia] 23/2/2011 23:12

Thanks smurf just waiting for some funds from an insurance on my birthday to clear then going to top up, hence talking it down,
seq

[smurfy2001] 23/2/2011 22:48

seq,

At least you will make plenty of money on TW?

cheers

[sequoia] 23/2/2011 21:48

correct,now I drown my sorrow`s.
seq

[sir rational] 23/2/2011 21:42

That's that 10% savings they were talking about

[sequoia] 23/2/2011 21:26

Wages have been cut again by £40/week that`s now £100/week down from last year,so expect same for TW to cut prices for first fix second fix and roofing on the joinery side,bad for me but good for TW.
seq

[sir rational] 23/2/2011 16:38

36.74 fine by me

[imastu pidgitaswell] 23/2/2011 16:13

Maybe not - close at 37?

[imastu pidgitaswell] 23/2/2011 13:34

Dodgy 3 days, but should still be another higher low - all looking a bit like a bullish pennant-flag-chart-going-up thingie...

[imastu pidgitaswell] 23/2/2011 13:29

We had a problem with going through 37p yesterday as well...