Taylor Wimpey Share Discussion Threads

[sir rational] 11/5/2011 07:47

Mine's an Earl Grey ;-)

[sequoia] 10/5/2011 21:36

well I hope it`s 99 tea! ;-)

[shaws37] 10/5/2011 20:15

coming along nicely to a T ;)

[spennysimmo] 10/5/2011 20:05

Something is certainly brewing with that cup and handle ;-)

[shaws37] 10/5/2011 19:42

My 60p guess was very close from reading JJ's link ! :-))

[sir rational] 10/5/2011 17:54

Mmmmm! PG Tips!

[imastu pidgitaswell] 10/5/2011 17:53

Always been a great predictor, I have...

Nice to see a close above previous recent high.

[smurfy2001] 10/5/2011 17:09

Looking good ;-)

[kazz] 10/5/2011 16:21

I wish this handle would form quicker. i'm dying for a cuppa.

[fewdollarsmore] 10/5/2011 16:04

Spenny behave!

[spennysimmo] 10/5/2011 16:02

Why does TW outperform its peers on a good day.

[shaws37] 10/5/2011 15:46

50p ? 60p !! :)))

[sir rational] 10/5/2011 15:44

Had 50p written all over it for a while now, just doesn't get there in a straight line...

[shaws37] 10/5/2011 15:10

Who's fed the share price some viagra ?

[shaws37] 10/5/2011 14:19

Must be continuing with the handle! :-)

[imastu pidgitaswell] 10/5/2011 12:44

spennysimmo - 10 May'11 - 12:27 - 8538 of 8540

Why on a daily basis does TW ALWAYS drop more than its peers on a bad day and rise slower on a good day.

Probably the perception of all of use - but not really true. Depends where you start from:

1 year : 6 months:
1 month

[shaws37] 10/5/2011 12:30

Could do without this.....

[rat attack] 10/5/2011 12:28

sounds like LLOY!!

[spennysimmo] 10/5/2011 12:27

Why on a daily basis does TW ALWAYS drop more than its peers on a bad day and rise slower on a good day.

[sir rational] 10/5/2011 10:21

Further - I can't remember the melded rate of interest TW. is paying but ISTR it was about 9%. So that is the effective interest TW. will be saving per annum.

Ie $90m a year.

Set against that TM's contribution. Whilst operating profit from NA was £93.8m last year, net contribution certainly was much lower. I estimate (given UK op profit of £123m and Group Profit/(loss) before tax and exceptional
items GBPm 75.1) that the US contributed net about £30m LY.

$90m (£55m) is certainly a higher amount than £30m so TW's quids in, ie the P&L should benefit by some £20m in 2011 and gradually less (in this particular respect) as the land bank gets bought...

[sir rational] 10/5/2011 10:03

lol third leg ;-)

The way I see it, TW. will get gradually re-rated as its new focus on (near) UK-only higher margin business becomes a success (and when we are RNS'd that it's starting to work. Eg news of margin improvement quarter by quarter and sales holding up.)

TM will complete and TW. gets a big wodge of money. Half of it won't be immediately re-invested in land bank - that would be silly - but the process will take a couple of years minimum.

In the meantime the second chunk of $500m sits in the company accounts improving the financial position considerably...

[imastu pidgitaswell] 10/5/2011 09:45

Terrible potential for misunderstanding, all this talk of third legs...

I think we're going to have to be patient for a while - no material catalysts on the horizon, market not going to suddenly take off in volumes or prices. Nothing TW specific either, other than maybe the actual completion of the TM sale - but there's no real news in that.

I would be quite happy with that, if we were swaying between say 45 and 50, but faffing about in the high 30s (a net assets value of 58p+ notwithstanding - they already know that but continue to value it at a 35% discount) is not much use to me, with all purchases in the low 40s still held.

Watching brief for the forseeable future, methinks.


PS - that change in construction data reporting is entirely logical - makes me wonder why they had the previous basis at all. Anyone would want to know what companies are actually doing, not the movements in value of future activity.

"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"

[sir rational] 10/5/2011 08:40

Affro could that be wave 3 up?