Taylor Wimpey Share Discussion Threads

[bobsidian] 07/5/2010 16:23

Well all the long term holders of TW. know just where a full blown stockmarket crash could take a share like TW. - around 4p.

Would it be justified - absolutely not. But in a liquidity and/or solvency crisis centred once more on the banking system then who truly knows where housebuilding shares could be taken once again.

The ECB better get their collective fingers out and address the European banking clamour for liquidity pretty quick.

Memories are readily there for those who had borne witness to the impact of the demise of Lehman Bros. and the collapse of some 1,000+ hedge funds over the course of the latter half of 2008 and the early part of 2009. That experience revealed wave after wave of selling as hedge funds formed orderly and disorderly queues to sell repeatedly into any equity market bounces. We are not talking about distant history or about an unknown event. The price of gold is where it is for a reason.

[knowing] 07/5/2010 16:19

Nahh this is the end. You are just trying to scare people. Go look at the DOW now.

[imastu pidgitaswell] 07/5/2010 16:18

Beginning of a crash?

It has dropped from 46.2p (at which time I thought about and didn't sell any) to the current 34p in less than 9 trading days. 27%.

I'd hate to see the middle and end of a crash...

[button1980] 07/5/2010 16:10

ditto what knowing said, cheap!

[knowing] 07/5/2010 16:08

Just bought back in after a while away. Too cheap at these levels. API released good news today but really has not responded so well either.

[bobsidian] 07/5/2010 15:56

Trust and equity markets - an oxymoronic relationship if there ever was one.

If this is indeed the beginnings of a major stockmarket crash for the third time in less than a decade, then long only investors may just throw in the towel this time round and view equities as just too risky an asset class where the game seems consistently rigged against them.

[bbonsall] 07/5/2010 15:52

The world is ending! Nobody ever wants to buy a house again! Utter madness as always.

[baracuda2] 07/5/2010 15:30

A bit over done now I think, time to buy some more

[munkychunky] 07/5/2010 15:29

spennysimmo - 7 May'10 - 13:34 - 878 of 887

Two options right now.

1. Day trade, give yourself a heart attack, you might make some money, you might not.

2. On the basis you are happy with the fundamentals of the company, buy, hold, relax and forget all about it.

-----

Bloody well said. Day traders will make one person money for sure - their broker.

[spennysimmo] 07/5/2010 14:40

All change, don't forget that. I'm getting a headache lol.

[cockney sparrow] 07/5/2010 14:31

30p and back in. GL A

[spennysimmo] 07/5/2010 14:26

DOW is flat with 5 minutes to open. A pure punt in today's environment but I'm going for +200 and a 36.5p close here.

Pure guess.

Edit: err forget that.

[midasx] 07/5/2010 13:50

Interest payments going down, so we fall?




Bond interest rate adjustments


TIDMTW.

RNS Number : 5486L
Taylor Wimpey PLC
07 May 2010

?

Taylor Wimpey plc

Interest rate adjustments in respect of the

GBP250,000,000 Variable Rate Bonds due 2012
(ISIN: XS0142298685) (the "2012 Bonds")

and the

GBP200,000,000 Variable Rate Bonds due 2019
(ISIN: XS0193226965)(the "2019 Bonds")

Following the issue of a Margin Certificate to the Trustees as set out in the
relevant Supplemental Trust Deeds, the rate of interest applicable to the 2012
Bonds and the 2019 Bonds, respectively, will be adjusted with effect from and
including 10 May 2010 (being the business day following the date of receipt by
the Trustee of the relevant Margin Certificate).

In the case of the 2012 Bonds, the rate of interest will be decreased from
8.675% per annum to 8.175% per annum.

In the case of the 2019 Bonds, the rate of interest will be decreased from
8.425% per annum to 7.925% per annum.

-ends-

For further information please contact:

Taylor Wimpey plc Tel: [phone]

Pete Redfern, Group Chief Executive
Chris Rickard, Group Finance Director
Jonathan Drake, Investor Relations

Finsbury Tel: [phone]
Faeth Birch
Clare Hunt


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCFMGGKZNFGGZM

[wolterix] 07/5/2010 13:47

el paneeko

[dilly4] 07/5/2010 13:46

what's causing the share price drop?

[bobsidian] 07/5/2010 13:45

However, the paradox now facing housebuilders is the more houses they build the lower may be the individual selling price that they can command thereby reducing any profit that they may make.

Not a problem when demand was rampant and mortgage finance was more readily available. But certainly a problem in this climate. So what is the answer - only build in reduced quantity and off plan ?

[spennysimmo] 07/5/2010 13:34

Greece will survive. So will Spain and Portugal and Italy and the UK. After a lot of huff and puff we will have a stable government, more than likely Conservative. Then the markets will recover and the professional traders along with the patient PI's will make good profits from the recovery. In a few years time, when a lot more house building has taken place due to the simple fact we do not have enough houses, regardless who is in power, we will all look back and say "do you remember when..." and the difference will be between those who were patient and those who were not. Look what has followed every single major recession, without exception.

Two options right now.

1. Day trade, give yourself a heart attack, you might make some money, you might not.

2. On the basis you are happy with the fundamentals of the company, buy, hold, relax and forget all about it.

[bobsidian] 07/5/2010 13:28

Doubts about the ability of UK banks to lend on the back of uncertainty of their individual exposures to Greece and other European nations.

If the ECB steps once more into the fray with Quantitative Easing, then that may alleviate the perceived pressure on the liquidity of banks with such exposure.

[wolterix] 07/5/2010 13:25

hmm, my 'in like Flynn' looking a bit sick tho'

more like 'in like Flop'

[wolterix] 07/5/2010 13:24

they're good lovers

[the itch] 07/5/2010 13:24

Why is the market screwing the housebuilders though?

[jibba_jabba] 07/5/2010 13:07

Leeds hopefully the yanks will drag us up...