Taylor Wimpey Share Discussion Threads

[jibba_jabba] 09/5/2011 12:27

Looks like we have a gap to fill about 37.4p

[127tolmers] 09/5/2011 10:30

Interesting views here!!!

Builders reject ONS construction sector data

The Office for National Statistics is looking into whether a change in the way it collects data about the construction industry has distorted reported levels of activity, with gross domestic product growth likely to have been stronger in the first quarter of 2011 than had been reported, but weaker at the end of 2010.



More FT videoConstruction executives said a change to the methods used for the agency's monthly survey led companies to submit data about business completed up to six weeks earlier. Until 2010, the survey measured the value of new orders won during the month. The new survey asks for the volume of output in the period.

"It's not just a problem with this first quarter, but for a while now we've been concerned about the reliability of the [ONS] numbers," said Geoff Cooper, chief executive of Travis Perkins, the UK's largest builders' merchant.

This view was echoed by executives from contractors and building materials companies including Kier, Tarmac and McLaren Construction.

If the complaints are correct, UK GDP is likely to have grown about 0.8 per cent in the first quarter of 2011 rather than the 0.5 per cent reported. The higher level of output is in line with forecasts in March from the Office for Budget Responsibility and in February from the Bank of England.

However, any upgrade also suggests the economy contracted by more than the 0.5 per cent decline in GDP in the fourth quarter of 2010. The ONS said activity was "flattish" after accounting for the effects of snow. Now, it emerges, output may have contracted.

Construction accounts for about 6 per cent of national output but has been volatile since Britain emerged from recession and has affected calculations of GDP disproportionately.

Economists expressed concern about the strength of first-quarter GDP in early April when construction orders for February were made public. These showed that the expected rebound from snow-related delays not only failed to materialise but that orders fell.

Economists scaled back forecasts for GDP growth for the quarter and futures markets, where predictions of a rate rise in May prevailed, began to roll back the timing of a near-term rise in spite of high inflation.

Joe Grice, ONS chief economist, said the agency routinely evaluated the performance of all its output and had "no reason at present to believe the construction series is giving a distorted picture of what is going on in the sector".

[imastu pidgitaswell] 09/5/2011 08:42

Could really do with a kick-up today, as chart looks a bit dodgy, with a potential for one of wotsisname's 'third leg downs'. A push up byeond last week's interim high would be good.

But the boys will have their fun and que sera sera, it seems.

[shaws37] 09/5/2011 08:40

BOTS are playing games again, repetitive buys and sells with equal amounts.

[sir rational] 06/5/2011 13:43

Must have been good

[shaws37] 06/5/2011 11:05

tap tap whistle whistle tap tap.......

[spennysimmo] 05/5/2011 17:35

Simon Haines backs house builders to boost their margins

Threadneedle UK Mid 250 manager Simon Haines has been building his exposure to house builders as he sees stocks in the sector exhibiting a strong 'self-help' discipline. While Haines remains cautious overall on the consumer services sector and still has no exposure to UK clothing retailers, he thinks house builders currently look attractive as developers look to upgrade the quality of their land banks and are relatively unreliant on house prices. Haines has taken profits in oils services firm Wood Group after it was promoted to the FTSE, and has added to house builders Barretts and Persimmon, as well as initiating a new position in Redrow.

He told Wealth Manager: 'We remain underweight consumer services overall but within house builders there is a strong self-help element and very little dependence on house prices.' House builders make up some 3% of the FTSE 250 but almost double that in his fund. Haines says less pressure from local authorities to build affordable homes has meant many in the sector have moved away from lower margin housing. 'Currently there are low levels of activity in the sector so house builders are adding to their book value by building better quality housing with higher yields as local authority requirements change.'

[127tolmers] 05/5/2011 16:06

Very positive set of results no one seems to have picked up on.


GALLIFORD TRY PLC



THURSDAY 5 MAY 2011

INTERIM MANAGEMENT STATEMENT



Galliford Try plc, the housebuilding and construction group, today issues its interim management statement for the period 1 January 2011 to 4 May 2011.


Greg Fitzgerald, Chief Executive, commented:


"Against a background of challenging economic conditions in both the housebuilding and construction sectors, the housing market has exceeded our expectations throughout the spring selling season and we have continued to benefit from the strong southern bias of our expansion plan. Construction has also benefited from encouraging contract awards in the period and strong cash balances that lead us to expect the Group's gearing will be minimal at the financial year end. We therefore now expect full year results to be significantly ahead of the current range of market estimates and remain confident in delivering the objectives of our expansion plan during the next financial year."


Highlights:


Housebuilding


· Continuation of improved market conditions through the spring selling season, with sales rates substantially up on the first half and sales prices remaining stable.


· £532 million of sales reserved, contracted or completed, of which £363 million is for the current financial year to 30 June 2011 (2010: £443 million and £308 million).


· Cancellation rate reduced to 16%, below historic average.


· 100% of plots secured for 2012 production, all with a detailed planning consent. 68% of plots for 2013 secured.


· 67% of 10,150 plot landbank secured at current market values (2010: 50% of 9,700).


· £347 million Gateshead award underlines Industry leading position in affordable housing and regeneration.

[sir rational] 05/5/2011 15:03

I'd rather be in TW. than LLOY right now Smurf

[19jeremy] 05/5/2011 06:58

Hi all been out of the country for a month and Tw has dropped. What caused this, before I went there was talk of 53p, etc.

[r0l0b0l0] 04/5/2011 20:50

ed, ffs leave the cyder alone mucker

[gutterhead] 04/5/2011 19:30

Sir Rational

Great line, your full of talking and youre filtered

Apologies to all o the thread for this idiot's ranting and rudeness

[shaws37] 04/5/2011 11:18

JJ, cheers, i still believe we are in the process of making the handle but as we are now in May i hope we dont follow a similar pattern to last year at this time.

[jibba_jabba] 04/5/2011 11:15

Shaws, this is what i'm seeing..

[jibba_jabba] 04/5/2011 08:22

0930 Construction PMI + Net Lending to Individuals + Prelim Mortgage Approvals + Final Mortgage Approvals

[ludl0w] 03/5/2011 20:23

simon , i hope you feel better soon .fact

[spennysimmo] 03/5/2011 20:21

I'm Dopeicus.

[ludl0w] 03/5/2011 20:07

sr, be carful.jibba_jabba wont take any sh't

[sir rational] 03/5/2011 20:02

gutterhead you're not even thick as 2 short planks, that's doing a disservice to wood

[ludl0w] 03/5/2011 20:00

take a look at the cavemen fighting on the dance floor

[sir rational] 03/5/2011 19:49

Here's my advice: you're a dope