Taylor Wimpey Share Discussion Threads

[davy855] 13/1/2012 23:31

Here I have a strong case for TW. After about 3 quarters bouncing of 40p resistance today it finally broke it in style.

I have used the weekly chart as it uses strong historic data & is a rather nice trading case. We have our rising support from Oct 2010 @ 30.5p +/-, 20 & 50 Ma's about to cross to the positive ( first time since beginning of 2011 ), descending resistance from Apr 2010 @ 42p +/-, Breach of the ongoing 40p.

As you can see there is a very tight trading range between today's breakout & the 42p descending resistance so it may be worth watching for 42p to break as its the longer term resistance however I AM treating today's move as a initial warning of further upside. A break of 42p could see a trade gain of 30% to the last double top of 55p back in the summer of 2010. I would have a stop around 38.5p.

Definitely one for the watch list.


Regards

Davy

[shaws37] 13/1/2012 22:56

Guys, what did TW actually close at, 41.12 or 39.98 ? Im getting diff results in different places, weired, never encountered that before.


EDIT - my shares account (couldn't get logged in before) states close at 41.12p I'll go with that.

[gambos49] 13/1/2012 20:56

Any chance of a dividend this year

[gambos49] 13/1/2012 20:42

What makes you so certain of 45

[sir rational] 13/1/2012 19:13

45p dead cert

[deltaman2] 13/1/2012 19:11

Looking excellent for next week with the way it held on today. I thought it would have retraced to the mid 39's today. Can easily see mid 40's next week

[smurfy2001] 13/1/2012 16:40

Should be interesting to see what the margins are for TW, l expect them to blow away BDEV...

[sir rational] 13/1/2012 16:36

UT at the day's high as well

[imastu pidgitaswell] 13/1/2012 16:26

Got the bsatards!

[127tolmers] 13/1/2012 12:04

No surprises here!

Bellway p.l.c.

AGM Statement

Friday 13 January 2012

At today's Annual General Meeting (AGM) the Chairman, Howard Dawe will make the
following announcement:

"Bellway issued an Interim Management Statement (IMS) in early December and
intends to issue a Trading Update in early February. Given the short trading
time since the IMS I propose to make no additional comments on recent trading,
however I would like to reiterate Bellway's current strategy. On a year on year
basis the Group is looking to increase the number of homes it sells, raise the
average selling price of these homes by changes in the product mix and continue
to achieve margin growth. Nothing in the last month has happened to suggest
that this strategy will not be delivered in the current financial year."

A Trading Update will be issued on Tuesday 7 February 2012.

[shaws37] 13/1/2012 10:46

Trading statement on 18th January 2011, the share price opened at 36.02. High of 39p, closed at 38.10 p

[deltaman2] 13/1/2012 10:19

MM's will squeeze a bit more out today before the TW rise Monday leading up to the trading statement on Tuesday morning. So I guess a retrace today back to 39.

[shaws37] 13/1/2012 10:19

Well, there we have it with the very small trade flurries. Being kept back this side of the 40's meantime.

[sir rational] 13/1/2012 10:10

Logically, well overdue a re-rating after the business transformation (N America disposal, debt paid down, focus on UK, concentration on profit not volume).

Mkt just waiting for confirmation it has worked/ is working.

Could be a nice run up to Finals.

[shaws37] 13/1/2012 10:06

Brilliant :)

[deltaman2] 13/1/2012 09:58

100,000 sell just gone through....

[imastu pidgitaswell] 13/1/2012 09:42

SR - long forgotten, surely. Ahem....

[martyn9] 13/1/2012 09:35

this should give a decent trading statement imo, should boost this to 45p+

[sir rational] 13/1/2012 09:08

There is just that matter of the dodgy accounting last year...as spotted by the FT...

[shaws37] 13/1/2012 08:57

another attack at 40, will break eventually :)

[shaws37] 13/1/2012 08:33

Here comes the flurry of small sells to keep it down. :(

[imastu pidgitaswell] 13/1/2012 08:31

Well, a long way to go - and for now it needs to stay well above the flag boundary for a while to have killed that barrier. Then there's the various levels of parallel resistance through to 46p.

All with TW's own update to come - hope to f#*kc they don't manage to balls that up...


But mustn't grumble so far, eh?