Taylor Wimpey Share Discussion Threads

[ninja 19] 04/7/2013 11:45

It does need to smash 103 and settle 105 something today. I believe it will, technical traders will make sure of this

[mr_bluesky] 04/7/2013 11:39

Topped up here at just under a £1 on monday and bought some for my £1k challenge at the same price.

Thought I had miss timed it as the market fell off,but was confident that this RNS would boost the price over £1.

Nice run up to half year results on 31st July IMO.

Mr Bluesky

[hillbrown] 04/7/2013 11:08

hillbrown - 24 Jun 2013 - 12:16:05 - 12111 of 12193
When QI came in it was to support industry. Which it did, eventually.

Now QI is becoming redundant as industry recovers a golden opportunity occurs for the mega traders to spook the market with a big feint.

That is what is happening.

It may drop a bit more but when it goes up it is likely to be an abrupt woosh.

Still got all my building shares. I had 170,000 TW and sold 30,000 and bought into CRST when they reported results a few days ago as didnt have a holding.
Also continue to hold BDEV and PSN. TW.still my biggest holding and no reason to change.

Housebuilders remain the best bet in this market for the foreseeable future.

============================
AND IT CAME TO PASS.

OVER 10M TRADED TODAY BY 11.08AM.

[ninja 19] 04/7/2013 11:06

It's going up boyz.

spikey spikey

[scrabble1975] 04/7/2013 11:05

Lmfao! Ninjas pitched up!

[cockneyrebel] 04/7/2013 11:04

A close over 103p will trigger a strong rally imo.

Testing that level

CR

[cockneyrebel] 04/7/2013 10:29

Breakout and new highs soon imo.

Trend back on the up - big rally when these break that previous high imo:

[lance corporal winstanley ash] 04/7/2013 10:05

I warned you all days ago this would go up nicely,

Great statement today. Congratulations to all at TW. Well deserved.

[priteshpatel9] 04/7/2013 08:54

Construction Enquirer headline: Latest: Taylor Wimpey home completions flat in 2013

[hillbrown] 04/7/2013 08:54

Only 08.53 and over 4m traded. Onwards and upwards.

[mr_bluesky] 04/7/2013 08:51

nice little statement to tease this into a steady rise ready for the half year results at the end of this month.

Mr Bluesky

[ninja 19] 04/7/2013 08:40

We need breakout a big volume, which is currently happening.

Once we pass 102p, there will be stampede to buy

[hillbrown] 04/7/2013 08:32

From the trading statement...........

"Following the wider market improvement, including the implementation of Help to Buy in April 2013, we consider that the downside market risk in the short to medium term has reduced. Based on this more stable to improving market, we anticipate that our regular half year review will result in the write back of some of the impairment against UK inventory as an exceptional gain. We will provide further detail in our half year results."

Will further boost short term exceptional profits to the detriment of long term ordinary profit.

[ninja 19] 04/7/2013 08:11

Once 100p is smashed properly

New trend. A bit of resistance

[cockneyrebel] 04/7/2013 08:04

Very good statement here and with RDW imo.

New highs here soon I suspect

CR

[scrabble1975] 04/7/2013 07:38

Good trading statement from RDW too...Housing market continuing recovery...

[buywell2] 04/7/2013 07:33

................. SOLAR PANELS , :- Have you been fitted up ? .............




A lot of these panels from China have been installed in the UK

I think many will be defective after 3 years , more after 5 years , most after 10 years ..... 25 years guarantee was and is a pipedream.

That is due to production issues

Then there are issues to do with using contractors to install them on your roof, leaks from same should start to show damage re water ingress after circa 2 years of installation ..... contractors who are taken on for 6 or 12 month contracts take short cuts to get the job done and away.

Bodge jobs with temp waterproof filler/mastic round drilled holes to attach the panel support brackets to the roof trusses will be many.


Next Shoe To Drop: Shoddy Solar Panels From China



Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter

The photovoltaic industry is in a perverse situation. To make power generation from solar competitive, prices of solar panels had to come down. Tens of billions in subsidies were plowed into the industry. Technological advances came along. And the price per watt crashed exponentially, from $76 in 1977 to about $7 in 1989. Then it leveled off. By 2000 it began to drop again, hit $4 in 2005, $2 in 2010, and a forecast $0.74 per watt in 2013 (graph).

But it wreaked havoc. Business models collapsed. Funding dried up. PV companies bled red ink. In the US, a slew of them, including Solyndra, went bankrupt. Others shut down or changed course. Tens of billions in taxpayer subsidies and investor capital spiraled down the drain.

In Germany, solar power was a political priority. They don't have much sun, but they have more sun than oil, the logic went. Now even Bosch Solar Energy AG is fleeing the business after burning through $3.1 billion. Same story in France, in Spain. Bloodletting everywhere. They all blamed the low prices of Chinese solar panels. Complaints that led to anti-dumping proceedings in the US and aggravated the trade war between the EU and China [my take: Germany Fires Salvo In Sino-European Trade War ... At Brussels].

But solar power generators, from utilities with large-scale installations to farmers with solar panels on their barns, were ecstatic about the low prices. They enjoyed subsidies, nearly free financing, and the hope that the system would more than pay for itself over the course of its 25-year life span. It would be a good deal.

But it might not be. The price war that Chinese manufacturers waged was a suicide mission. Now even they're going bankrupt, including their erstwhile number one, Wuxi Suntech, when the banks pulled the ripcord in March. Existentially threatened, they cut costs ... and corners.

Defective solar panels can be costly. The New York Times described what happened to the PV installation on a warehouse roof in Southern California whose promise of a 25-year life span disintegrated along with the protective coatings on the panels after only two years, and part of it went up in smoke when defects caused two fires.

"Worldwide, testing labs, developers, financiers, and insurers are reporting similar problems and say the $77 billion solar industry is facing a quality crisis," the Times reported. But instead of tracking defects industry-wide, manufacturers hide behind confidentiality agreements that treat their name as a secret. So no one knows the extent of the crisis. And it's just the beginning: since nearly half of the 7.2 gigawatts of capacity in the US were installed in 2012 in a burst of incentive-fueled activity, most of the problems have not yet come to light. But some have:

Executives at companies that inspect Chinese factories on behalf of developers and financiers said that over the last 18 months they have found that even the most reputable companies are substituting cheaper, untested materials. Other brand-name manufacturers, they said, have shut down production lines and subcontracted the assembly of modules to smaller makers.
STS Certified, a French testing service, evaluated 215,000 PV modules at its Shanghai laboratory and found that defects had jumped from 7.8% in 2011 to 13% in 2012. An entire batch from one manufacturer was defective, but STS refused to identify the culprit – a company listed on the New York Stock Exchange – due to the confidentiality agreements.

German solar monitoring firm Meteocontrol found that 80% of the installations in Europe it had examined were underperforming. SolarBuyer, based in Massachusetts, audited 50 Chinese plants over 18 months; defect rates ranged from 5.5% to a dizzying 22%. During repeat audits, it found that plants were constantly substituting cheaper materials. Ian Gregory, SolarBuyer's senior marketing director, warned: "If the materials aren't good or haven't been thoroughly tested, they won't stick together, and the solar module will eventually fall apart in the field."

Even Chinese insiders admit it: "There are a lot of shortcuts being taken, and unfortunately it's by some of the more reputable companies, and there's also been lot of new companies starting up in recent years without the same standards we've had at Suntech," lamented Chief Technology Officer Stuart Wenham – the same Suntech that was pushed into bankruptcy in March.

There are still some lucky solar developers and installers who claim that they haven't run into quality problems yet on systems installed in 2012. But they're brand-new, with 24 more years to go. And some of the defective panels weren't made in China; all manufacturers are under pressure to cut corners in order to survive. First Solar, a US company, has reserved $271 million to account for the expense of replacing defective modules sold in 2008 and 2009. No word yet of those sold during the binge of 2012.

The costs of these defects will eat further into the industry that is struggling to become financially viable. Yet, in a cruel twist, the price of solar panels must continue to drop for solar power to be competitive without subsidies. Taxpayers, stung by austerity in Europe and by the sequester in the US, are already less than enthusiastic about propping up the industry forever. At some point, it must be able to stand on its own, at still lower prices that magically allow manufacturers, and not only power generators, to thrive – an illusion, for now. But waves of "cheap" solar panels that suddenly become very expensive after they're installed will cause more bloodletting and push the propitious date further into the future.

[justwondering] 04/7/2013 07:30

Would be nice to see a share buy back program in the near future

[scrabble1975] 04/7/2013 07:16

Morning all!

"We are confident of delivering our full year expectations, and demonstrating further steps in our goal of margin improvement, which remains our primary focus. In this improved market, our strong order book and outlet position is likely to lead to continued volume growth in the second half."

Excellent! As expected :)

[mr_bluesky] 03/7/2013 19:54

and expected to be very up beat.

just hope the market gives us a bit of slack and atleast we don't have the yanks tomorrow........4th July and all that.

[petersinthemarket] 03/7/2013 19:48

Trading Update tomorrow morning 4 july

[lukeisbackontrack] 03/7/2013 09:59

Looking good to move north from here