Taylor Wimpey Share Discussion Threads

[sir rational] 16/11/2011 10:38

2011 baked in the cake - fact (they've told us).

2012 off to a good start - fact (they've told us).

Finances hunky dory now US sold.

Divi reinstated next year (IMV).

The discount to NAV 57p is ridiculous. Something like -20% would be a first reasonable target ie 45.6p.

[imastu pidgitaswell] 16/11/2011 10:38

Or it could be the long-forgotten cup and handle, with the largest bloody handle forming I've ever had the misfortune to sit through - that will happen at 44p or so, with the extrapolation of the handle (double the dip, reversed) taking us to (44-27)*2 + 27 = 61p, which curiously will be pretty close to net assets value by the time we get there.

It's in the bag...

:-)

[stockmuncherpro] 16/11/2011 10:34

you mean inverted head and shoulders, that's bullish

[spennysimmo] 16/11/2011 10:29

Remember that head and shoulders I said was forming back on the 1st November but couldn't post the chart at the time? Well it has formed now.



spennysimmo - 1 Nov'11 - 08:57 - 9652 of 9749 edit

Right shoulder forming now...

Having trouble posting the advfn chart.

[sir rational] 16/11/2011 10:15

Soon be back in the 40s

[retsius] 16/11/2011 10:14

Come on my son 40p

[newm0del4rmy] 16/11/2011 10:08

It's galling that companies that build glorified boxes make any profit whatsoever...

[mashraf] 16/11/2011 10:04

Market towns see prices rise by £1,000 per month

The average house price in market towns across England has risen by 103 per cent from £114,718 in 2001 to £233,416 in 2011, according to research from Lloyds TSB.
This is equivalent to an increase of £989 per month over the past decade.
More than half of the market towns in this survey have seen house prices at least double since 2001. Some of the largest prices increases have been in northern England, particularly in the North. The biggest increase was in Stanhope in County Durham where the average price rose by 158 per cent from £57,502 to £148,264. Another market town in Durham, Ferryhill, recorded the second largest rise (155 per cent).
Alford in Lincolnshire (150 per cent), Saltburn on the north-east coast, Helston in Cornwall and Seahouses in Northumberland (all 145 per cent) were the other market towns experiencing the biggest price rises since 2001. Helston is the only one of the 10 market towns with the largest house price growth in southern England1.
Two out of three market towns have an average house price that is above their county average. House prices in market towns are, on average, £25,592 (or 12 per cent) higher than their county average. The average house price in market towns, at £233,416, is 6.8 times average gross annual earnings; this is slightly below the price to earnings ratio of 7.0 for England as a whole.
Beaconsfield in Buckinghamshire – the most expensive English market town with an average house price of £779,986 – has the largest premium with houses trading at 157 per cent (or £476,935) above the county average. Wetherby has the next highest premium with prices 105 per cent (£160,469) above the West Yorkshire average.
Since the start of the housing downturn in 2007 house prices in market towns have risen by five per cent on average.
Nitesh Patel, housing economist at Lloyds TSB, said: "The popularity of living in market towns is clearly evident from the substantial increases in average house prices seen over the past decade, together with the significant premium that many of them command over their neighbouring towns.
Many of these towns offer an attractive balance between being close to the countryside and ease of access to the road and rail networks that allow residents to commute to work."

[slytherin] 16/11/2011 09:34

Looking promising....

[imastu pidgitaswell] 16/11/2011 08:34

IMS from BDEV this morning - very positive, it seems to me.

Not sure it'll be enough to take us decisively through this triangle, but it can only help.

[sir rational] 15/11/2011 22:06

There certainly are. Stick with TW. and you'll get a divi.

[cathian] 15/11/2011 21:53

Sir Rational - Thanks for your response. As an OAP my time horizons are somewhat shorter so a year here and there does matter when making investment decisions. I really do hope that the recent IMS is a forerunner to the reinstatement of the dividend. Otherwise, as i need the income, I may have to think about selling my holding and reinvesting in something solid,but with growth potential, producing a decent above inflation return. There are a number in the FTSE100 I think.

[sequoia] 15/11/2011 21:03

Shoulder forming nicely.
seq

[gambos49] 15/11/2011 20:27

wasnt there mention of a one off divi in the sunday press around 6 weeks ago?

[sir rational] 15/11/2011 13:38

Sector is perking up nicely

[imastu pidgitaswell] 15/11/2011 11:06

As a wannabe OAP (i.e. retired...) having an investment for over two years with no dividend income is not merely 'not a happy position', it's making me pretty grumpy as well...

:-)



So who's wrecking my future pension today - is it the Spanish? This Eurozone crisis is not doing much for my view of our continental cousins...

[sir rational] 15/11/2011 10:48

Cathian - they covered the prospects of a divi fairly comprehensively earlier this year. They will only mention it again with the Finals IMV.

But chances must be pretty good it'll be reinstated.

[cathian] 15/11/2011 10:42

I don't expect to see the share price much over 40p until the Company has made clear its intentions about the resumption of dividends. The recent IMS was reasonably encouraging so why no mention then or even a lead on the Board's thinking on the subject. Markets do not like uncertainty but perhaps that is not uppermost in their minds given the financial crisis in Europe and elsewhere. Even a statement now indicating that the resumption of dividends is something the Board are mindful of would be of some comfort to long-suffering shareholders like myself. As an OAP, having an investment producing no income atall is not a happy position to be in.

[sir rational] 15/11/2011 10:28

Citigroup - BUY - 46p target

[sir rational] 15/11/2011 10:27

Deutsche Banks - BUY - 55p target

[sir rational] 15/11/2011 09:52

TW. has fully sold 2011 housing stock (UK) and already well into 2012 planned sales.

UK simply not building enough houses to meet demand - means a degree of pricing power sits with the builders and firm margins. Most importantly - can bring new efficiencies to the mix as input costs particularly labour in the current environment can be tightly controlled.

Double digit margin.

[naked trader] 15/11/2011 09:10

On my local development they are selling like hot cakes due to the lack of availability of properties to buy in general. As an estate agent I can see new home builders having much success locally. The land that they are now building on has already been written down and once all the new homes are sold good margins should be delivered. Also any land buying that is happening now will deliver much higher margins in the future due to the caution being employed. My fears of the bigger house builders failing have gone so I think now is the time to get in IMHO.