Taylor Wimpey Share Discussion Threads

[98viilage] 14/3/2011 16:44

Not much volume today

On the header question does anyone else struggle knowing the scale on BVS & BWY?

A "nice to have" would be a red line opening price on the 6 companies like the TW one at the bottom of the header.

[sir rational] 14/3/2011 16:22

lol

Thank heavens for BVS today!

[kfp] 14/3/2011 16:14

Sir Rational
Now where are those plasters ?

[spennysimmo] 14/3/2011 16:13

Wicked trading range then!

[sir rational] 14/3/2011 16:11

kfp - 14 Mar'11 - 14:23 - 7881 of 7882

Looks like 40p is the top for a little while.

Looks like 39p is going to be the bottom for a long while.

[sir rational] 14/3/2011 14:46

Strong underpinnings

[kfp] 14/3/2011 14:23

Looks like 40p is the top for a little while.

[sir rational] 14/3/2011 13:39

Enjoy the wee spike!

[sir rational] 14/3/2011 12:16

UBS raises Taylor Wimpey target price to 42P from 38P; keeps neutral rating

[sir rational] 14/3/2011 11:19

If this is broadly correct, now would seem a pretty good time to buy

[sir rational] 14/3/2011 10:15

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

Mr Ritchie said sales had been subdued during the 2010 autumn selling season – a key period of activity for housebuilders – with the impact of the austerity Budget on consumer confidence unclear, but that signs for 2011 were encouraging.

In the first nine weeks of this year, visits to Bovis sales locations had risen by 28 per cent, Mr Ritchie said.

"It's almost as if someone has flicked a switch as we've got into 2011 and the market has come back quite encouragingly," he said. "There is pent-up demand in the marketplace. It's cheaper to buy than it is to rent in many parts of the country."

Although Mr Ritchie expressed concerns about the lack of mortgage availability, he said that the group's incentives to help first-time buyers, such as shared-equity agreements and a 90 per cent loan deal with Barclays, were assisting sales.

"We're doing things to help our customers build their deposit and get access to better loan-to-value mortgages, but it is difficult out there."

For the 12 months to December 31, pre-tax profit rose from £4.8m to £18.5m on turnover up 6 per cent to £298.6m. Diluted earnings per share rose from 2.8p to 10.6p, and a dividend of 3p was proposed.

Analysts at Panmure Gordon praised the figures, but noted that Bovis stock "is one of the more expensive in the sector, trading on a 2011 price/net asset value multiple of 0.80 times", and reiterated their "hold" recommendation.

Bovis shares added 1.9p, or 0.44 per cent, to 431½p in early London trading.
.Copyright The Financial Times Limited 2011. You may share

[sir rational] 14/3/2011 09:49

Good old BVS

[sir rational] 14/3/2011 07:39

Housebuilder Bovis Homes said pretax profit increased to 18.5m in the year to end-December 2010 (2009: 7.5m pre-exceptionals). Basic earnings per share increased to 10.6p and dividends are re-commenced at 3p per share.


Share prices
Bovis Homes Group Plc
QuoteChartsNewsFundamentalsRevenue rose to 298.6m in the year, up from 281.5m in 2009.

Bovis reported an improvement in gross margin at 17.9% (2009: 16.1% pre-exceptionals).

The group had net cash of 52m at year end (2009: 112m), after strong trading cash inflows during 2010 of 93m.

Net land expenditure was 137m, with c3,700 consented plots added in the year.

Bovis said it enjoyed an encouraging start in the first 9 weeks of 2011 for enquiries and visitors, with reservations up 11% on a similar number of active sales outlets.

33 new sales outlets expected to open in 2011 representing the most significant site launch programme for many years

A 15% increase is expected in the average number of active outlets to 76 in 2011 from 66 in 2010

David Ritchie, CEO, said: 'The Group has delivered a strong improvement in profit in 2010, driven by increased volumes, stronger sales prices and delivery of cost savings.

'The Group has also made significant progress with its growth strategy through substantial land investment, a strong pipeline of further land acquisition opportunities and a strong expected increase in active sales outlets. Based on a continuation of current market conditions, this growth strategy gives the Group confidence in delivering greater volumes and increased profits.

[sir rational] 14/3/2011 07:26

Yep - BVS looks good plus reinstating the divi, net cash.

NAV 533p vs share price 430p. With those results/ that outlook you'd expect the gap to be reduced.

[shaws37] 14/3/2011 07:09

Bovis finals are very good.

Just for info - they used the word "significant" 15 times. "positive" used 2 times.

[shaws37] 13/3/2011 19:23

Fingers, would you oblige and post your TW chart again please ? Or an update.

( cant find you one you posted recently )


Thanks,

[pennystocker2] 13/3/2011 15:34

A huge financial threat is gathering strength...


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[sir rational] 12/3/2011 16:12

Monday – Finals Bovis Homes (LON:BVS)

Despite all the uncertainties around the state of the UK consumer and the housing market in particular, an over riding sentiment of recovery in the air has been associated with the housebuilding sector in recent months. While mortgages are apparently still extremely hard to come by, a combination of shortage of stock for sale and new builds seems to have put a fundamental floor under the likes of Bovis Homes (LON:BVS). Expectations are clearly high: going into the full year result its shares are just a few pence off 52-week highs. This may be partly due to the positive fundamentals recently reported by rival Taylor Wimpey (LON:TW.) in its recent swing back to profitability. What will be key for the Bovis update is whether the housebuilder has been able to build on its return to the black reported in August and the boost to sentiment following the reinstatement of the dividend announced in January. This came off the back of a consensus beating 2010 profits forecast made at the time, one which prompted broker Peel Hunt to suggest that almost any other company in its sector was less overvalued.

[the old dog] 11/3/2011 17:04

What's the rumpus? Upward channel still in place.

Woof

[imastu pidgitaswell] 11/3/2011 16:59

Looks OK to me on the weekly - could better, could be worse, but given the circumstances, I'll take it:

[ludl0w] 11/3/2011 16:39

leaved school at 15 ,retired at 50 .now 72 ,never taken any benyfits .fact

[aphrodites] 11/3/2011 16:14

Sir R

That's enough of the "Old Feller"!!!!!!

I was only 65 in January and now receive £105 a week OAP to fund my spread betting.