Taylor Wimpey Share Discussion Threads

[aquadave99] 10/6/2011 12:45

Or breaking out :-)

[fewdollarsmore] 10/6/2011 12:12

Equally if it keeps testing it danger of falling through!

[aquadave99] 10/6/2011 10:38

If support holds its a step in the right direction. Who knows we may even start mending the broken handle to our lovely cup.

[sir rational] 10/6/2011 08:30

June 28 LY half year TU

[sir rational] 10/6/2011 08:27

Just need that TM news to fill the lull before the interims

[imastu pidgitaswell] 10/6/2011 08:22

Yes, very hopefully.

Certainly being tested, no denying that...

[aquadave99] 09/6/2011 13:55

Hopefully support is holding around the 35.5p mark.

[aquadave99] 07/6/2011 12:42

Does anybody have any other theories on where we are going? or are we to continue in the 35-40p bracket for the forseeable?

I am hoping with news on the TM sale completion we will get a jump that could push up and keep us over 40p, at the moment everything is way undervaulued but that is the market for you.

A bit more confidence and some good economic data might bring more interest to the stock market but that could be a long way away!

[fewdollarsmore] 07/6/2011 09:22

ima - I seem to be agreeing with you on a couple of threads... bird in hand and all that.

[imastu pidgitaswell] 07/6/2011 09:01

Back on the utterly irrelevant fundies, as I recall the sale of Taylor Morrison was 'expected to complete prior to the end of the second quarter'. Which would mean within 3 weeks.

There was also a 'adverse change' clause (deal's off if US sales tank) and while not on the level of extremity, I'm not wild about the most recent US market commentary and reports.

Would be nice to see an RNS about it any day now, and a few hundred million pounds banked.

[aphrodites] 06/6/2011 19:16

Naed

It is not a question of I "might" be right. I have been right on nearly every move this share has made since I first bought and sold and posted here to that effect.

Well done for buying at 14.75p.

I first bought on 14 January in Wave 3 at £0.34p and sold on 8 March at £0.4032p. I tend to buy in size around 500k a time in shares where there is very high liquidity and I can sell quickly in 1/2 blocks. I only look to take 5/6p out of the trade and I normally only buy in Wave 3 as well.

I trade but very rarely on a day trade basis. I like to put my money where my mouth is in size and TW fulfills all my trading criteria.

If I had a pound for every poster on here who has stayed long and followed the herd I would be an even richer man.

The share closed 0.32p down again today.

We are getting ever closer to the bottom of the trading range but I shall not buy until I am confident that the price has bottomed and will start to rise again. And that will not be a call I shall make until I see it in the Wave 3 band again.

[naed] 06/6/2011 17:43

Aphrodites,

You may be right with your wave technique but think your wrong about being long. I bought this share at 14.75 not that long ago. Done a few trades in-between and certainly can't grumble. Market forces are keeping this share at this price and in a few weeks will be back to 40p ish. A regular income to be made if you have the time to day trade, however sentiment will change overnight soon and this will no doubt be trading nearer 50p. Irrespective of any waves.

[aphrodites] 06/6/2011 10:01

Well we could well be in the final 5th leg downwards in the wave of 5 I forecast which would take us to around the 35p level.

My problem at this time is whether the drop in price from 40p to 38p and small almost horizontal rise thereafter was wave 2!!

If not, then the fall from 40p to 36.5p becomes wave 1; back to 36.75p for wave 2 and we are only now in wave 3 which has taken us down into the 35p region.

I did say that 33p could well be on the cards before we bottom out but that depends now on the wave 2 argument above.

Take note, the Elliott Wave technical analysis has proven yet again to all you optimists that this has not been a share to be long of.

[sundaymonday] 02/6/2011 12:30

safe as ouses fifty squiggers upside in next 6 months

[aquadave99] 02/6/2011 11:55

JP Morgan Cazenove reckons the market is being over-cautious in its valuations of Britain's leading house-builders.

And it picks out Taylor Wimpey (LON:TW), Redrow (LON:RDW) and Barratt (LOM:BDEV) as offering particular value at current prices.

The broker admitted the outlook is dour, with housing transactions at running at around half their pre-recession levels. But it also pointed out there is little pressure on house prices and transaction levels.

"In our view, even if current market conditions represent a new normalised level, current sector valuations largely fail to account for medium term recovery in housebuilders' earnings and returns on capital," JPMC added.

Taylor Wimpey holds the greatest potential, according to JPMC, which has set a price target of 59 pence a share (current price 36.78 pence).

It is rated as 'overweight' by the broker as is Barratt and Redrow. It is 'underweight' on Berkeley Group (LON:BKG) and Bovis (LON:BVS), and has neutral stance on Bellway (LON:BWY) and Persimmon (LON:PSN).

"We believe that we are unlikely to see a material recovery in mortgage availability and therefore housing market transactions, over the coming year," JPMC said.

"However, we also see limited downside pressure on either pricing or transaction levels from here. We do not expect an increase in interest rates or continued low levels of consumer confidence to materially impact what is already a depressed market."

[gbh2] 02/6/2011 10:30

9:30 construction figure relatively neutral so maybe we've reached the bottom??

[libertine] 02/6/2011 10:22

Company Rating Target Price Potential Upside/ Downside Contributing Broker

Taylor Wimpey Overweight 58 58.9% JPMorgan
Barratt Developments Overweight 174 57.9% JPMorgan
Daisy Group Overweight 157 57.8% JPMorgan

New RatingCompany Rating Target Price Potential Upside/ Downside Contributing Broker

Pace Neutral/Neutral 150 33.7% Goldman Sachs
Experian Buy 905 13.8% Nomura

[imastu pidgitaswell] 02/6/2011 09:05

Signs of a floor (as opposed to flaw)?

FTSE down 60+ yesterday and a further 60+ today, TW. not so much clinging on as holding perfectly firm.

Lots of negative press about the housing market, and also about the US market - presumably not about to influence the as yet incomplete TM sale. Could do with that announcement any day soon...

[r0l0b0l0] 31/5/2011 19:59

Keep your ed up ed

[sequoia] 31/5/2011 19:24

etb think, ed n shoulders.
seq

[ludl0w] 31/5/2011 19:08

Ed, stick with it mucker!