Taylor Wimpey Share Discussion Threads

[sir rational] 17/3/2011 07:26

lol

To be fair to them they currently have 42p HOLD with support @ 36p, also saying TM deal would be transformational (ie worth an upgrade).

Looks spot on though how they predicted that earthquake I'll never know.

Moo!

[shaws37] 17/3/2011 07:21

Was it not panmure gordon who are constantly wrong with TW targets ?

Here's how good they are in getting it right.



17 March 2011

PANMURE GORDON & CO. PLC

("Panmure Gordon" or the "Group")

Preliminary results for the year ended 31 December 2010

Panmure Gordon & Co. plc today announces preliminary results for the year ended 31 December 2010.

Financial performance

* Reported adjusted operating loss for the year of £3.2m was incurred entirely in the first half.

[sir rational] 16/3/2011 15:01

Annual report

[knowing] 16/3/2011 13:05

DATA SNAP: US Feb Housing Starts Plunge 22.5%
Home construction in the U.S. took the steepest monthly plunge in nearly 27 years in February and new building permits set a record low, an indication that the battered sector is a key source of weakness for the economy.

Construction of homes and apartments last month fell 22.5% from a month earlier to a seasonally adjusted annual rate of 479,000 from an upwardly revised 618,000 in January, the Commerce Department said Wednesday. It was the lowest level for housing starts since April 2009 and the largest monthly decline since March 1984.

Building permits, a gauge of future construction, fell 8.2% from a month earlier to an annual rate of 517,000. That was the lowest level in more than 40 years of record-keeping.

The results were well below analysts' forecasts. Economists surveyed by Dow Jones Newswires expected housing starts would fall by 4.4%. Permits had been projected to rise 1.2%.

The month's results were driven by a 46.1% decline in construction of multifamily homes with at least two units, a volatile part of the market. Single-family homes, which made up about 78% of all starts, also fell, sinking by 11.8% from a month earlier.

Compared with the same month a year earlier, overall new-home construction was down 20.5%.

Builders are remaining idle due to weak demand from buyers, some of whom have become nervous amid reports showing U.S. home prices have turned downward once again. Many buyers are choosing foreclosures and other previously owned homes rather than new ones, which tend to be more expensive.

Aside from low demand, builders have also had problems getting financing to start projects.

New-home construction last year peaked in April, but then fell sharply when tax incentives for first-time purchases expired. The full year of 2010 wound up being the worst year on record for the builders, with home sales down more than 14% from a year earlier.

The Commerce Department data showed that housing starts in February fell in all four U.S. regions, compared with a month earlier. They decreased 48.6% in the Midwest, 37.5% in the Northeast, 28.0% in the West and 6.3% in the South.

Housing starts in January rose 18.4% from a month earlier, revised from an originally reported 14.6% monthly increase.

Actual housing starts, without seasonal adjustments, fell to 32,700 in February from an upwardly revised 39,600 in January. Lumber and commodities markets watch those numbers closely to gauge demand.

The Commerce report can be found at -By Alan Zibel, Dow Jones Newswires; 202 862 9263; [e-mail]

[aphrodites] 16/3/2011 12:14

Sir R

I have been monitoring this one closely as I have a personal pension interest in the company!!!

As I have said I look for a share where I can see short term volatility, high liquidity and to trade the 3rd wave for a 10/20% move. All the conditions here.

But there is not an expected trend built into the share either bull or bear, which is what I like to trade.

Looking at the 1 month chart, if I was to put money on the next move it would still be down from here but not a long way. Ignoring the 0.5 moves, it looks to me that we are in wave 3 of a downward pattern which will take us to the 58/59p level. Not enough room for me to make a 10/20% turn. But if a real trend developed and we broke 58p that would be very interesting.

I would not touch the share at the present time. There is too much trouble built into it.

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

Could be a repeat run of yesterday, but opposite...ie goes up until the US open 13.30 and a little bit more...then the US falls 14.00 or so and so do we?

[sir rational] 16/3/2011 12:09

Looking up...

[sir rational] 16/3/2011 11:19

Brokers

Oriel BUY 63p
Robert Miller 55p
JPM OVERWEIGHT 58p
Arbuthnot BUY 51p
Panmure Gordon HOLD 41p
Goldman Sachs BUY 48p
UBS NEUTRAL 42p

[letsgetbizzay] 16/3/2011 10:24

AISI about to move :)

[sir rational] 16/3/2011 09:01

Affro O/T what would Elliot say about the current LLOY chart please?

[jibba_jabba] 16/3/2011 08:52

Building permits and Housing starts 1230.

[redartbmud] 16/3/2011 08:43

Agree with what you say.
It will take a relatively long time to unwind the problems of HBOS.
To a degree dependant on the markets, if values rise some of losses will come back, but overall I still worry about provisions for b/debts & need to drip feed w/offs in a controlled manner. Has potential to stifle profitability & could hamper growth in comparison to less damaged rivals.
Blank & Daniels have a lot to answer for as does dear departed Gordon Brown, but that is now history.

[sir rational] 16/3/2011 08:42

Affro O/T what would Elliot say about the current LLOY chart please?

[kfp] 16/3/2011 08:41

I thought tw were only going to build family homes ? People with 150 grand wouldn't help would they ?

[redartbmud] 16/3/2011 08:26

Sir Rational - Do you still have concerns about strategic management of Lloyds?
It seems to me they are still thrashing amout in the mire of HBOS like headless chickens.

[aphrodites] 16/3/2011 08:25

Sir R

Thanks for your enquiry re progress with knee.

Recovery from a replacement knee is a slow process. No driving for 6 weeks.

It's painful but a lot better today.

A word of warning, all the old rugby and squash injuries come back to haunt you in later years!

Short term chart points go out of the window in markets like these. Trading instinct and gut feel are more important assets. TW's fall yesterday provided a very opportunistic buying opportunity. I missed 36p but did top up my Bowleven holding at £3.05. They were 30p higher this morning.

Some good trading money to be made if you have the balls!!

Good luck everyone with TW. I have a feeling my short term trades in this stock might be coming to an end and I shall be moving on to greener pastures from here.

[sir rational] 16/3/2011 06:56

Few - you may get your chance...tell Sid

[fewdollarsmore] 15/3/2011 22:13

Ima... What do I think, well i thought the markets were looking for an excuse to sell off and they have one at present... this may well drag TW. down further, I must admit I nearly sold half at 42.4p and will seriously consider it if we get around those levels again.

[sir rational] 15/3/2011 19:34

No cider Luds, gone dry, thanks lol GL tomorrow