Taylor Wimpey Share Discussion Threads

[wendsworth] 01/3/2011 10:34

Sir Rationale : See this trading at 40.95 at today's close. So much positive 'news' for the company. Will get a re-rating post results I'm sure.

[sir rational] 01/3/2011 10:22

Just to point out that consensus stands at £37.95m whereas TW. have already indicated that profit will come in at the top end of analysts' forecasts ie £50-55m.

So I think that whilst some of that difference is certainly already in the price, not all of it is...

[barf2] 01/3/2011 09:37

Good spot IMA

Never seen a broker be so specific when naming numbers.9300 or 9400 maybe but 9384? I think somebody didn't proof read that forecast and remember to round up/down some figures.

If PG do have access to info it is quite startling how they still manage to call most things wrong.

[sir rational] 01/3/2011 09:34

So Oriel have got a BUY and 63p target

[imastu pidgitaswell] 01/3/2011 09:33

Just caught up. Noticed about 30 posts ago that Panmure Gordon were forecasting as follows:

"During the year [2010], we forecast that Persimmon will have completed 9.384 homes"

PSN reported 9,384 homes sales in the period. That is either a stunning degree of foresight on the part of Panmure Gordon (not known for their forward (or indeed any kind of)) insight, or else someone's been leaking price-sensitive information.

Still, don't really care and let's be honest, neither do the FSA, even when mea culpa evidence from Panmure is staring them in the face...

[sir rational] 01/3/2011 09:33

Little comp amongst friends, guys & gals, feel free to join in.

SP @ 09.30.00 on the dot 2/3/2011? Last entry 07.59.59 tomorrow

SR 40.89
WM 41.26
69 41.09
B2 42.33
26 42.02
;) 40.50
SS 41.50
BO 41.15

other entries?

[sir rational] 01/3/2011 09:31

Latest comp news. Given the confusion and in order not to let lsk win, we'll revise the finish time to 09.30 tomorrow

[fewdollarsmore] 01/3/2011 09:11

Will do well to hold 40p

[barf2] 01/3/2011 08:53

Oh! in that case 40.38 then

[sir rational] 01/3/2011 08:40

boz - sorry that 'tomorrow' is today

[bozicle] 01/3/2011 08:39

SR 41.15

[sir rational] 01/3/2011 08:31

;) on the nose as things stand

[sir rational] 01/3/2011 08:09

Broke thru 40p quite convincingly, now a bit of consolidation

[sir rational] 01/3/2011 07:46

Little comp amongst friends, guys & gals, feel free to join in.

SP @ 09.30.00 on the dot tomorrow? Last entry 07.59.59

SR 40.89
WM 41.26
69 41.09
B2 42.33
26 42.02
;) 40.50
SS 41.50

other entries?

[sir rational] 01/3/2011 07:45

Please respect FT.com's ts&cs and copyright policy which allow you to: share Taylor Wimpey in final stage of US sale talks
By Ed Hammond

Published: February 28 2011 23:21 | Last updated: February 28 2011 23:21

Taylor Wimpey has entered into final-stage talks over the sale of its North American business in a deal expected to fetch the UK housebuilder up to $1bn (£620m).

The company, the UK's second-largest housebuilder by volume, has narrowed down its search for a potential suitor to a small group of interested parties, including Mattamy Homes, Canada's largest housebuilder, and US-based Meritage Homes.

Starwood Capital and an undisclosed property investor also entered bids for the business before last Friday's deadline. However, John Paulson's Rain Tree Investment, which had been in talks with the housebuilder, has exited the sale process, according to a person familiar with the matter.

It is unclear whether the possible buyers have offered to acquire some or all of the housebuilding operations, which trade under the Taylor Morrison and Monarch brands.

People familiar with the situation said Taylor Wimpey would be unwilling to sell individual developments or land holdings, which are worth about £600m, within either the US or Canadian businesses. However, they said the company would be happy to split the operations between the two countries.

A preferred bidder for the business is likely to be announced within the next two months, although people close to the matter stressed that Taylor Wimpey would not be making any announcement to coincide with its full-year financial results on Thursday.

Taylor Wimpey kicked off the sale of its North American arm in November as part of a series of strategic changes as it seeks to focus its energies on domestic growth. The moves included a refinancing of its debt and the issuance of £250m of five-year high yield bonds

As well as lifting some of its spending constraints, the new financing package has allowed Taylor Wimpey to sell its North American businesses without seeking approval from the lenders or its various holders of bonds and private placement notes. "Although [Taylor Wimpey] is very keen to sell this business, there is no time pressure to do so," said a person familiar with the company's thinking.

JPMorgan Chase has been appointed to advise on the sale process, which will include Taylor Morrison's high-end Mirasol development in Palm Beach Gardens, Florida.

Taylor Wimpey said it was unable to comment on ongoing discussions. None of the companies involved in the bidding process were able to comment.
.Copyright The Financial Times Limited 2011. You may share

[sir rational] 01/3/2011 07:44

Housebuilder nears £584m asset disposal
Tuesday, 1st March 2011
HOUSEBUILDER Taylor Wimpey is in the final stages of selling its Northern American businesses, City A.M. can confirm, with a handful of bidders left in the running.

US peer Meritage Homes placed a bid for the firm before Friday's deadline, a source familiar with the deal said yesterday, while privately-held Canadian firm Mattamy Homes is also understood to be involved in the sale talks.

However, one person said last night that Taylor Wimpey could still delay the sale as it looks to get the best price.

Analysts covering London-listed Taylor Wimpey have estimated the book value of Taylor Morrison and Monarch Corporation at $950m (£584m). The firms have a total of 25,000 lots across the United States and Canada, with the land bank alone said to be worth almost $800m.

Bookrunner JP Morgan is thought to have rejected a bid from one private builder for offering too little for the assets.

Rain Tree, run by hedge fund billionaire John Paulson, and Barry Sternlicht's Starwood Capital also placed bids for the bundle of assets before the Friday deadline.

[sir rational] 01/3/2011 07:39

Little comp amongst friends, guys & gals, feel free to join in.

SP @ 09.30.00 on the dot tomorrow? Last entry 07.59.59

SR 40.89
WM 41.26
69 41.09
B2 42.33
26 42.02
;) 40.50

other entries?

[sir rational] 01/3/2011 07:38

Little comp amongst friends, guys & gals, feel free to join in.

SP @ 09.30.00 on the dot tomorrow?

SR 40.89
WM 41.26
69 41.09
B2 42.33

other entries?

[lol short killer] 01/3/2011 07:37

40.50

lol

[markth126] 01/3/2011 07:37

Go on then 42.02

[sir rational] 01/3/2011 07:37

U.S. Property Deals May Double as Blackstone Bets on Rebound
March 01, 2011, 12:12 AM EST
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Story Tools
e-mail this story print this story 0diggsdiggadd to Business Exchange By Brian Louis

March 1 (Bloomberg) -- U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.

Blackstone Group LP's planned $9.4 billion purchase of U.S. shopping centers and Ventas Inc.'s proposed $5.7 billion buyout of a health-care real estate investment trust, one of two multi- billion dollar health care REIT deals announced yesterday, may mean a wave of commercial real estate acquisitions is coming as buyers regain confidence in the market.

"Both these deals are a great signal that liquidity has returned to the commercial real estate space," Dan Fasulo, managing director of Real Capital Analytics Inc., said in a telephone interview. "It certainly will have ripple effects on the entire industry."