Taylor Wimpey Share Discussion Threads

[imastu pidgitaswell] 20/6/2011 14:21

"As announced following our General Meeting on 18 April 2011, our shareholders
have approved the disposal of our North American business. This disposal remains conditional on the receipt of North American government and regulatory approvals together with the satisfaction of customary conditions. We continue to work with the buyers in order to achieve completion which we anticipate will take place by the end of the second quarter of 2011."

[sir rational] 20/6/2011 13:24

Couple of days, they'll announce it with the Half Year TU

[retsius] 20/6/2011 11:42

When is TM sale going through?

[fewdollarsmore] 20/6/2011 08:55

Aphro - I am glad you see the banter in the elliot wave comments. I find charting is almost a self fulfilling prophecy but you are right it is the appetite for the share that moves it one way or the other.

What is you wave 3 target or has it not yet become clear?

[aphrodites] 19/6/2011 22:17

Come on Smurf.

You are on the wrong "wave" length if you only tune in to Bloomberg.

Try channel 5 where I am sure you will get a better wave reception than on here.

[smurfy2001] 19/6/2011 16:51

Who is Elliot Wave? I've never seen him on Bloomberg, so how can l trust his analysis?

[sir rational] 19/6/2011 16:29

Hardly - breakeven is 37p so I'm barely underwater lol

And that's just on the current position - double dipping for another 30% in a lot less than 12 months.

[aphrodites] 19/6/2011 13:45

Sir R

I bet you sit in your bath singing that old Vera Lynn song "Wish me luck as I WAVE my money goodbye"!!!!! :0)

Seriously though, as you will know technical analysis is not all about fundamentals. Share prices do not go up or down on fundamentals alone. It would be too easy to make money if they did. The driving force is whether there are more buyers than sellers or vice versa.

For those who understand and use the Elliott Wave theory TW has been a money spinner. It has for me and hopefully it will do so again. As I said very early on when I posted here, I monitor shares which have very high liquidity, there is good daily volume and I buy usually in Wave 3. I am sure I will do so again and I shall report here again when I do.

I'm off now to crawl under my "hedge" out of the rain so that I can "wave" in the dry to all those London to Brighton cyclists who are passing my house today.

[sir rational] 17/6/2011 12:01

El Iot is though ;-)

[fewdollarsmore] 17/6/2011 11:45

elliotte isn't a mexican name!

[spennysimmo] 17/6/2011 11:06

No, it's what crowds do at football matches I think.

[smurfy2001] 17/6/2011 11:04

Who is Elliott Wave ? Is he the owner of a hedge fund ?

[sir rational] 17/6/2011 09:22

It's a hedgie conspiracy lol

[slytherin] 17/6/2011 09:21

Lots of weak holders and tree shaking this morning :o)

[sir rational] 17/6/2011 08:50

That's just a blinkered Waver's view.

Ie you're ignoring the fundamentals case (see earlier eg yesterday).

The hedgies make money both ways, remember.

If the noises TW. mgt are making are accurate - and it's the best information we've got - then the UK business is progressing nicely with the targeted double digit margin in the bag - and of course the highly significant transformation in focus and finances (and strategy) that the TM sale brings.

[aphrodites] 17/6/2011 08:44

Slytherin

You should wake up to the fact that the movements in this share are not all about weak holders or tree shaking.

There is too much volume for those tactics to be played in TW.

The share is open to the games played by the big hedge funds who in markets like these can dictate the share price.

I have posted several times here that 35p was on the cards and 33p might follow.

I also posted that I was uncertain that the move from 40p to 38p was one of the waves I was looking for in the Elliott Wave 5 wave move. It is clear now that it wasn't.

I still feel we need to see 35p broken before we can mark the bottom but ideally 33p would be much better.

There are too many bulls of TW on here who cannot see the wood for the trees and who constantly try to draw lines on charts to suit their own purpose.

Wake up everyone, this share price is not going up in the short term unless there is a takeover.

[slytherin] 16/6/2011 16:55

Maybe that was the ultimate tree shake, just dipping below resistance, but they brought it quickly back above it again. Triggering lots of stops for Rupert and chums

[aquadave99] 16/6/2011 15:09

I will be filling my boots if thats correct and we see 33p again.

[slytherin] 16/6/2011 15:02

Broken recent support. Although there is a 35p support level from Jan/Feb. The 5-wave crew may have called this one right

[slytherin] 16/6/2011 10:31

Ouch, we're testing 35.5p again. Won't be pretty if we breach that. Hands together, eyes closed..........

[sir rational] 16/6/2011 09:43

The market is pricing in

1. quite a bit of uncertainty over TM completing and doesn't know the associated financials yet (tax? final amount to hit TW.'s coffers?)

2. a poor performance in UK housing given slow housing mkt, difficulty in getting loans etc

3. worries about TW. guaranteeing these 95% mortgages, could this be another financial debacle?

4. doubt over whether TW. can achieve that challenging double digit margin.

OK, fine.

So what happens when TW. delivers TM for a price & tax terms better than feared?

What happens when TW. performs well in UK housing this year - they already told us business is progressing well?

What happens when those 95% mortgages turn out fine?

What happens when that double digit margin gets closer and closer until it is achieved on time as promised?

I'll tell you: we get our 50p and more. Sitting tight, 50% upside within 6-8 months dead cert in my view.

[slytherin] 16/6/2011 09:33

I'll take any blue following Merv's speech. He reckons we're only half way through a seven-year slump! Have to agree with him, it's going to take a while longer to fully dish out the pain of the global mess caused by Brown and Blair :o) Fortunately TW. are in an industry already at a low point and will hopefully soon have low gearing. But maybe we're looking at 4 years to make super-profits on it.

[gbh2] 16/6/2011 09:24

My damned screen is acting up again, TW is appearing Blue ;)

[sir rational] 16/6/2011 09:23

Steady as a rock, having slipped 20% from the recent high