Taylor Wimpey Share Discussion Threads

[sir rational] 10/3/2011 14:45

Safe as houses - good old 39-40p support

[imastu pidgitaswell] 10/3/2011 14:01

Very true - unlike Ignacio's comments above, who appears to have trained at the Comical Ali School of Propoganda...


"Our sales figures have not once reflected the decrease in interest in property that the rest of Spain has seen"


contrast with the TW. results blurb re Spain and Gibralter:

We have completed 136 homes in Spain and Gibraltar in 2010 (2009: 225), including the final home completions from our Gibraltar business.

The average selling price of our 2010 home completions was GBP214k (2009: GBP260k), reflecting the change in the mix of our Gibraltar completions.

Revenue was GBP31.1 million in 2010 (2009: GBP61.0 million), as a result of the reduction in both completions and average selling price. Operating loss* was GBP3.6 million (2009 loss: GBP1.4 million) as a result of the ongoing market weakness.

We have reduced the number of plots in our land portfolio over the course of the year as we remain cautious in our approach to new land purchases.

We have undertaken further reviews of the carrying value of our land portfolio in Spain and have recorded a further write down of GBP17.3 million (2009: GBP3.3 million).

We have now completed our exit from the Gibraltar market.




But apart from that, everything's just dandy...

[jibba_jabba] 10/3/2011 12:45

SR, They have almost given up on Spain and have exited Gibraltar..

[sir rational] 10/3/2011 12:23

Real estate agents are also more optimistic. Ignacio Osle, sales and marketing director at Taylor Wimpey de España, believes that the British in particular are returning to the best spots in Spain.

'Our sales figures have not once reflected the decrease in interest in property that the rest of Spain has seen. We feel very fortunate to have selected premium locations such as these to focus our core Spanish business on,' he said.

'It really does mean that we have been able to get on with doing what we do well and that is building superb homes, using the best labour force and the highest quality materials that we can to do the job,' he explained.

[shaws37] 10/3/2011 11:16

lol, yes you may be correct.

[loadthevan] 10/3/2011 11:14

stop holding your breath then. : -).

[shaws37] 10/3/2011 11:04

About to turn blue :))

[shaws37] 10/3/2011 10:55

Cheers Spenny.

Hopefully hear something before the end of April.

[spennysimmo] 10/3/2011 10:44

No set date. From results:-

"We are evaluating proposals for our North American business and will update the market as appropriate in due course."

[shaws37] 10/3/2011 10:41

Would be nice to hear any news about TM sale. Anyone know if there is a set date for announcement of who's purchased it ?

[sir rational] 10/3/2011 10:33

And selling those £269m of US DTAs is the same as recognising them.

3198m shares

= 8.4p a share for the US DTAs alone.

[the old dog] 10/3/2011 10:16

Breakeven points being reached. People leave. But others join.

+ve close today would be another big milestone IMO.

Woof

[sir rational] 10/3/2011 10:03

No, too soon to sell here, TW. safe as houses if you don't mind waiting.

Won't be immune to market gyrations, might see 39-40p, but can't afford to be out before TM news is released.

Everybody's expecting $950m-$1b so when it comes in higher share price will bounce up.

Think about those US deferred tax assets!

DTAs in the US of GBP268.8 million = $435m

That's real money to somebody. Add it on to the US NAV $950m = $1385m.

So I'm expecting TM sale to include a good proportion of those DTAs and come in well north of $1b.

Which the market will love.

Repeat - can't afford to be out until that news is released.

[jibba_jabba] 10/3/2011 09:43

LSK jacked it in..

[smurfy2001] 10/3/2011 09:40

SR has sold?

[sir rational] 10/3/2011 09:38

Peers are bouncing back, just a matter of time for TW.

Tick tock

[imastu pidgitaswell] 10/3/2011 09:11

Is today's share price performance (so far) a reaction to the fifty-odd posts of drivel last night?

:-)

[sir rational] 10/3/2011 07:26

YBS Spenny

[sequoia] 10/3/2011 00:50

We have to make the right decisions here as the DOW could fall 350p

[smurfy2001] 09/3/2011 23:35

That is what I'm doing. My offset mortgage is 1.25% and only paying £90 in interest a month so hardly worth paying off right now as some of my stocks like aviva are earning me over 5%. I use a chunk of cash to swing trade. Barc is my fav share.

I will pay the house off as soon as the rates start to rise.

Best decision l made in my life was to start trading with my offset savings. Key was to spread the cash, still in the game dispite a hairy start from oct 2008.

[sequoia] 09/3/2011 23:15

But I would sooner invest the cash and make my own profits then pay down mortgage at will, but that depends on the skill of the investor.
seq

[sequoia] 09/3/2011 22:59

Nat West are doing a 5.1% for first time buyers,for 5 years with 90%ltv