Taylor Wimpey Share Discussion Threads

[the_analyst] 21/4/2010 08:27

I think the words like 'cautious' and 'uncertain' (re outlook) are here to stay until the banks' lending criteria is relaxed. They've had their bail out and still earning their bonuses, but not 'arf strict on lending!

[muscletrade] 21/4/2010 07:52

LSL Property 1Q Revenue +37% On Year; Boosted By Estate Agency


LONDON (Dow Jones)--U.K. real estate firm LSL Property Services PLC (LSL.LN) said Wednesday its first-quarter revenue was up 37% on year, boosted by increased demand at its estate agencies and its acquisition of the ex-Halifax Estate Agency branches.

The company said that the outlook for the second half of 2010 is uncertain due to economic pressures but it is well capitalized and has a strong balance sheet.

LSL, which holds its annual general meeting Wednesday, said the group has traded in line with the board's expectations and that activity levels are "encouraging."

Analysts expect the company to post a 2010 pretax profit of GBP30 million on revenue of GBP216 million, according to FactSet.

In the three months to March 31 revenue from its estate agency division was up 64% including the Halifax branches and 33% on a like-for-like basis.

Revenue from its surveying unit was up 15%, LSL said.


Company Web site: www.lslps.co.uk


-By Rachael Gormley, Dow Jones Newswires; 44-20-7842-9308; [e-mail]


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.


(END) Dow Jones Newswires

April 21, 2010 02:47 ET (06:47 GMT)

[leedskier] 21/4/2010 06:50

Good luck to this new thread j_j. Still hold TW.

[ny boy] 20/4/2010 23:46

Chart looks interesting here after this long period of consolidation, I suspect all on hold until after election, there's a lot riding on the outcome, hopefully those thinking of vote Clegg will think long and hard about the concequences of a hung parliament and Labour back, the nightmare senario for Blighly!

RNO seems an attractive recovery play for those looking for sonme action before these move higher.

[spennysimmo] 20/4/2010 23:31

Don't forget there have been rumours that tw have engaged jp morgan cazenove to advise them on the possible demerger and separate flotation, or the sale of the us division. Would this be good? It would depend on the deal. If it was a good business deal then it could clear the debt (which is the largest in the sector) and free tw from the restrictions from lenders to buy further land. If it is not a good deal it won't be taken well by the market. If it doesn't happen at all how will tw reduce their debt substantially. Until these are known quantities and there is clear indication from updates that performance is improving there is no real reason for tw to rise rapidly. Then there are the inevitable interest rate rises. I believe in this company and this sector but don't expect fireworks over night. IMO.

[the_analyst] 20/4/2010 23:10

Not the sort of headlines I was hoping to find! But worth a read (dated 19th April 2010)



"Taylor Wimpey chief Pete Redfern's pay near doubles to £1.7m
The boss of Taylor Wimpey saw his pay package near double last year despite the housebuilder reporting a £640m loss, enduring a 27pc drop in revenue, and having to call on shareholders for £510m in an emergency rights issue. "

[sequoia] 20/4/2010 22:58

SMURFY2001 Will try to get the chart as soon as i can. PSN will give us a clue Thursday.
seq

[the_analyst] 20/4/2010 22:39

smurfy,

"...the charts tell me there's some time to wait until the direction is clear.
"

So it would seem.

It would suit FIST! ;o) ...and I am happy to wait. With the AGM and update imminent, I'd have expected volume to have risen by now. Anticipation and all that. Never know, PSN may kick start things on Thurs. Here's hoping.

[smurfy2001] 20/4/2010 22:32

sequoia - do you have an chart?

[smurfy2001] 20/4/2010 22:32

The_Analyst , the charts tell me there's some time to wait until the direction is clear.

However, it would really help if NAV is upgraded.

If you look at MNR (commercial property), NAV has increased twice within the space of one year and no doubt it will increase again. So l question why land values for TW. have not been upgraded? Where they overvalued in the first place? I'm looking for these answers from the company.

It's true that property shares have lagged the market with some exceptions.

[sequoia] 20/4/2010 22:27

SMURFY2001 I have it as a diamond bottom formation, at 38p but it could go either way, hence my hesitation to add this afternoon, I`ve a large holding here, and want to make sure of the direction, before any increase in spending.
seq

[jibba_jabba] 20/4/2010 22:25

Tortoise and Hare springs to mind...

[the_analyst] 20/4/2010 22:24

So the charts offer little at the mo, but I am disappointed that the City sees TW worth the same as it was this time last year....as if nothing has changed. All the noises thus far suggest otherwise. Are we missing something?! lower debt, rising house sales, un-revised land value, economy in general improving....etc. Mind boggles. I guess it's the sector rotation thing and the boys in dark glasses at work then! :0)

[spennysimmo] 20/4/2010 22:10

I saw that chart of yours. If you are right on that one year chart then the next direction is up as that was the direction before the wedge started to form. Time will tell. The housebuilders are definitely lagging behind other sectors at the moment.

[smurfy2001] 20/4/2010 21:57

Classic sign of a closing wedge Spenny

[spennysimmo] 20/4/2010 21:53

TA, everything is pretty flat. the Moving Averages are flat and the share price is trading right on the moving averages both on the daily and weekly charts and there is very little range daily between the highs and the lows. Volume is pretty much constant, give or take. Quite boring at the moment really.

[sequoia] 20/4/2010 21:40

We`ve tested the top band today,39p and failed, expect the bottom range tested tomorrow between 38 and 37p.
seq

[the_analyst] 20/4/2010 21:28

spennysimmo - 20 Apr'10 - 18:14 - 73 of 79

Good post spenny. Hope everyone heeds as per your request.

BTW, any chance of an input from the TA perspective?
Cheers.

[gbh2] 20/4/2010 21:14

imo a good bout of share consolidation would wake this up.

[lordwilson] 20/4/2010 21:10

Been a while since I did any trades but astounded that TW are still drifting at this price ?

They are out buying land and doing well above forecast for most areas . General land price in the worst parts of the country is 500k an acre so Land Bank is def up in value .

My guess we will break the old highs of 55 area in the next few months unless the clown of doom and incompetence succeeds in actually being an elected prime minister.

[webshares] 20/4/2010 21:00

haha not a bad bet to put on either, although cleggy is getting involved somehow!?!?!?

[smurfy2001] 20/4/2010 18:48

Very funny....

[spennysimmo] 20/4/2010 18:14

PLEASE READ THIS POST

This chap smug etc. is no fool and he knows I'm not either. However, everytime you post about him, (as I am doing right now) you are doing his work for him and helping him trash a thread. JJ, do your job as thread moderator, everyone else, ignore, stop commenting and making references in future posts, and we will have a decent thread.