Taylor Wimpey Share Discussion Threads

[jibba_jabba] 29/4/2010 12:47

Good luck London...

[londonfinancial] 29/4/2010 12:38

Decided to move on as the results were not to my expectations with the market again under pressure from Greece , portugal and Spain .

Good luck to all i hope it goes alot higher for you .

[sir brainy] 29/4/2010 12:38

The Nationwide reported that house prices rose by 1.0% month-on-month in April. This matched the upwardly revised gain of 1.0% month-on-month in March which had countered the 1.0% dip in prices that occurred in February. It also meant that house prices rose 10.5% year-on-year in April, which was the first double-digit annual rise since June-2007. However, the year-on-year increase was inflated by the fact that house prices dipped 0.3% month-on-month in April 2009. Meanwhile, the three-month/three-month rise in house prices moderated to 1.0% in April from 1.5 % in March and a peak of 3.8% last September.NH
While house prices have firmed anew after dipping in February, it still remains highly questionable whether they can make significant further gains over the coming months. Housing market activity appears to have lost some momentum overall so far in 2010, the economic fundamentals (notably high unemployment, still falling employment and low wage growth) are still far from robust for the housing market, credit conditions are still pretty tight, and house price/earnings ratios have moved back up. Meanwhile, more properties are coming on to the market thereby moving the supply/demand balance more in favour of buyers. This is particularly relevant as a shortage of properties has been a key factor in the recovery in house prices from their early-2009 lows. Furthermore, if there is extended political uncertainty arising from a hung parliament following the general election, this could impact negatively on the housing market. Consequently, we believe that house prices are likely to be erratic over the coming months and may well be only flat overall through the rest of the year.

[sir brainy] 29/4/2010 12:33

House prices grow 10.5% in a year
By Chris Marshall | 08:58:32 | 29 April 2010

House prices grew by 10.5% in the last year, the first double-digit annual growth in prices since June 2007.

The figures from Nationwide reflect a weak April last year and low level of stock for sale, the building society said.

Chief economist Martin Gahbauer said homeowners and buy-to-let landlords were still waiting for prices to recover to peak 2007 levels before deciding to sell up or move, but prices are still below the highs of October 2007.

But Gahbauer said that he expects a 'gradual flattening out' of the house price growth following an increase in recent months in the level of new instructions from sellers.

[spennysimmo] 29/4/2010 12:09

FTSE 250 and £1.35bn Market Cap. Hardy a "penny share" As for "mountain to climb" no bigger mountain than any other house builder. Yes their debt is the largest, but they also operate in the US and Canada where receovery is clearly showing very strong signs. A sell off or demerger and separate flotation would all but wipe out tw.'s debt.

[sir brainy] 29/4/2010 11:59

'penny share, speculative buy, mountain to climb to get back to former valuation'

[sir brainy] 29/4/2010 11:55

CNBC right now TW.

[sir brainy] 29/4/2010 11:14

The 44p last week was an anticipation of decent statement, sold off somewhat on the basis better to travel than arrive sometimes and why not take profits? - then now we have confirmation that the outlook is reasonably good so onwards to 75p in 12 months, not saying there won't be a few little shocks along the way.

[sir brainy] 29/4/2010 11:12

Mkt disagrees Goldbug, so far at least

[goldbug6] 29/4/2010 10:36

More like 39p. I was hoping for more to be honest.

[superbarnet] 29/4/2010 10:31

I was thinking 49p but would not want to split hairs!

[restassured] 29/4/2010 10:02

Quite reasonable.

[sir brainy] 29/4/2010 09:42

Yes - I'm thinking 50p within 3 weeks

[restassured] 29/4/2010 09:21

Market seems to like the statement.

According to UBS we should see a significant post election rally in UK housebuilders.

[sir brainy] 29/4/2010 09:20

Little intraday pennant forming ready for the breakout when the re-rating notes start appearing

[the_analyst] 29/4/2010 08:11

max,
Agree that is it solid statement (contents), but imo, poorly worded. I guess the big boys will know which bits to read. The overcautious words are probably there to justify their bonuses! ;0)

[tonybaloni] 29/4/2010 08:11

No mention of Spain.......... mmmmmm

[imastu pidgitaswell] 29/4/2010 08:08

Note the quote is about sales rates, i.e. sales per site being the same as in 2009 in the UK (up in the US). There are of course more sites open than in 2009, so total sales volumes are up accordingly, along with prices.

Not a bad scenario...

[maxharry] 29/4/2010 07:59

Thw wind is blowing in our direction...Solid statement for us long term holders.

[jibba_jabba] 29/4/2010 07:55

Nationwide HPI m/m up 1.0%

[baron von richthofen] 29/4/2010 07:55

Taylor Wimpey prices up 9%

Thu 29 Apr 2010

TW. - Taylor Wimpey

LONDON (SHARECAST) - Taylor Wimpey has lifted selling prices of homes in the UK by 9% since January as the housing market continues to recover.

The housebuilder adds that UK market conditions remain "encouraging, with continued gradual improvements in mortgage availability and buyer confidence".

Prices achieved on sales of private homes are up by approximately 9% on the equivalent period in 2009, of which around 5% results from active changes in mix and approximately 4% from underlying price increases, it added.

Year to date sales rates for North America are also ahead of the equivalent period in 2009.

In the US, the average sales rate per site per week, net of cancellations, is 0.48 for the year to date ahead of the 0.37 in the corresponding period of 2009. The business in Canada continues to perform strongly, it added.

In the UK, Taylor Wimpey says the underlying shortfall of new build housing and the strong levels of demand will continue to underpin the market, while the US is forecasts to start to recover more steadily by the end of the year.

Net debt stands at about £660m, in line with its plans, the firm added.

[the_analyst] 29/4/2010 07:53

At least the market should open up today so hoping for some positive reaction.

[gbh2] 29/4/2010 07:48

Not done much about paying off debt and there's quite a few mention of market uncertainy!

[damac] 29/4/2010 07:43

No surprises in the results, pretty much as everyone would expect I'd imagine. However, the overall tone of the statement comes across as somewhat gloomy and I cant see it shaking us free of the wider economic issues that are effecting the markets just now, can't see it going far today, hope I'm wrong though.