Taylor Wimpey Share Discussion Threads

[shaws37] 13/7/2011 20:20

hedgies will take it down coz they are t@$$3rs - although i hope im completely wrong :)

[sir rational] 13/7/2011 20:14

41.5p on the open, rising to 44p this week.

Tell Sid ;-)

[sir rational] 13/7/2011 20:12

Here we have a £1,178.48 cap co that is now worth $250m more than expected (even though I expected it lol).

$250m = £155m

£155m = 13% of £1,178m

Ergo share price will advance 13% on the open.

UT = 36.85p

36.85p + 13% = 41.64p

[sir rational] 13/7/2011 20:07

That's 50p, easy

[sir rational] 13/7/2011 20:06

That's $250m better than expected.

Told ya ;-)

[libertine] 13/7/2011 19:45

LONDON (SHARECAST) - House builder Barratt Developments issues a pre-close period trading update on Thursday ahead of its preliminary results, which are due for release on 14 September.

Panmure Gordon is expecting the company to report "a robust performance during 2011 from both a pricing and completions point of view," but then the broker is bullish on the stock.

"We believe that sales rates since January have been broadly stable at the business, whilst prices have continued to improve on mix. Net margins have also continued to improve as the benefit of new, higher-margin land works its way through the system," the broker said.

In Panmure Gordon's view, the threat of a share issue that would dilute net asset value (NAV) is receding.

"We see no ongoing financing issues at the business and therefore no risk of NAV dilution from new money. Write-downs look highly unlikely, against a stable pricing environment," it opined.

Giving a contrary view is Peel Hunt, a long-time bear on the sector, not just Barratt.

The broker thinks Barratt will be singing a familiar tune, "namely that demand is solid, prices are robust and the market is on the cusp of an improvement."

"We would expect a great deal to be made of the market in London and the latest political manoeuvrings to shore up the market, which Barratt is always eager to embrace," Peel Hunt said, while adding that there is a danger that "Barratt's London exposure blinds investors to the wider risks of a national, volume house builder."

"London is a positive but ... the question must be whether London residential is some kind of brave new world or just the latest asset du jour. We fear the latter, although there is doubtless good money to be made from closing out developments already in progress," the broker continued.

"We see so much money wanting to invest in new schemes in London that overbuild is a risk, and with office-to-residential potentially to prove very popular, the sheen could very quickly come off this market. One should pay very close attention to Berkeley's deceleration of new investment in London," Peel Hunt believes.

[smurfy2001] 13/7/2011 18:48

Lean and mean. Better to deleverage to allow shareholder value to be rebuilt quicker,
margins will improve regardless of the US business.

[racg] 13/7/2011 18:27

Smaller company though now innit. Fully expect analysts to moan that it now does not have exposure to the growth opportunities at low historic prices for building land in the north american appreciating market place. Look no land, inflation is at 5% blah blah etc

[shaws37] 13/7/2011 18:22

It should be good for the market, money in the bank. Does that make TW in better shape now than BDEV in regards to debt ?

[smurfy2001] 13/7/2011 18:19

Looks like no end of day leaks, but expecting onwards and upwards. Maybe I'll be disappointed, let's see...

[shaws37] 13/7/2011 18:18

Lets hope the share price doesn't go down. It always does the oppostise of what it should.

[smurfy2001] 13/7/2011 18:17

Following the announcement of the conditional sale of our North American business on 31 March 2011 and the receipt of all required regulatory and governmental approvals, we are pleased to confirm that the transaction has been completed today.

The total proceeds were US$1.2 billion, including cash balances and additional funds invested into the business. Full details of the accounting treatment for the transaction will be included in our half year results announced on 3 August 2011.

[smurfy2001] 13/7/2011 18:13

Fantastic news!!!!

Now onwards and upwards for Taylor Wimpey!!!

Wooohooo!!!

[imastu pidgitaswell] 13/7/2011 17:53

The detail due on 3rd August will be interesting, as the $1.2bn includes the items they flagged up in the sale document, without quantifying it at the time:

"The company will also received additional proceeds for cash balances in the North American Business as at 31 December 2010 and net capital invested by the Company in the North American Business from 1 January 2011 to Completion."

And later on:

"Financial Effects and Use of Proceeds

At Completion, the net cash proceeds arising from the Disposal are expected to be approximately $923m (GBP575m at the current exchange rate(2) ), after estimated transaction costs of approximately GBP20m."

[sailing john] 13/7/2011 17:32

US business sale completes for $1.2bn
Net debt after receipt less than £ 170m

[fewdollarsmore] 13/7/2011 17:27

Hope so sir!

Spenny dread to think how old I will be by then lets not go there...

[sir rational] 13/7/2011 15:49

50p sometime August-December 2011

[spennysimmo] 13/7/2011 13:38

£1 by Chrimbo

[sir rational] 13/7/2011 13:28

not for long ;-)

[fewdollarsmore] 13/7/2011 12:23

red now lol!

[sir rational] 13/7/2011 10:38

Blue now lol

[shaws37] 13/7/2011 09:24

PSN - flying.
BDEV - in the blue.
TW. - in the.....not the blue.

[sir rational] 13/7/2011 08:38

lol Affro.

Any second now - BLAST OFF!!!!

Look at the banks ;-)