Taylor Wimpey Share Discussion Threads

[mashraf] 17/9/2013 15:29

Brickies secure huge pay rises on back of new homes demand




Bricklayers' pay has surged 20% in the past six months as housebuilders struggle to keep up with a surge in demand for homes driven by the Government's Help to Buy scheme, an industry boss said today.

Galliford Try chief executive Greg Fitzgerald said good bricklayers can currently command salaries of £40,000 a year - or even more in the capital - as the industry scrambles for staff.

Fitzgerald, whose company reported record pre-tax profits of £74.1 million for the year to June 30, said: "I have evidence of us paying brickies 20% more than six to nine months ago."

He added: "Pretty much, since Help to Buy on April 1, we have gone from an environment where if you made a mistake on a job and needed twice as many brickies you would just go and pick them up to a completely different ball game. We can see build inflation starting to come through for the first time in four or five years."

Housebuilders are struggling "to go from A to B quite quickly" after a long recession which has seen thousands of staff drop out of the sector and lower apprenticeship numbers. The industry is also finding it difficult to source materials such as bricks and breeze blocks. "There is an element of panicking going on whereby some builders are ordering more than they need." Construction markets have also improved but there has been no "shot in the arm" seen by the housebuilding world, Fitzgerald added.

Fellow housebuilder Crest Nicholson also saw signs of pressure on its supply chain as it reported forward sales of £145 million - up 92% on the £75m achieved this time last year.

Chief executive Stephen Stone said: "When we were looking at an IPO a year ago we never anticipated the Government would stimulate the housing market in the way it has done. Rather than taking a year or two years to get a slight improvement, there has been an almost instantaneous pick-up."

Stone said the builder had been forced to look abroad to source breeze blocks as the UK's three biggest suppliers struggle to keep up. But he added that the recent price rises were a "blip" which should start to level out in the months ahead.

Official figures showed big rises in orders for both public and private new housing between April and June, which rose at their fastest pace since the autumn of 2010. In volume terms, the £4 billion of orders is the highest since the end of 2007, according to the Office for National Statistics

[gbh2] 17/9/2013 13:08

Or something cooking and on that basis I've picked up another 4K :))

[homeboy35] 17/9/2013 10:33

treading water

[gbh2] 17/9/2013 10:24

Little sign of that in the volume, its way down on recent months.

[hillbrown] 17/9/2013 10:17

Don't know who is dumping em but blackrock are hoovering em up.

[gbh2] 17/9/2013 10:01

Problem now is who dumped the 9 mill and are they likely to dump more if folk start buying into TW!

[mashraf] 17/9/2013 09:24

Taylor Wimpey plc Stock Rating Reaffirmed by Deutsche Bank (TW.)

Posted by Joseph Griffin on Sep 13th, 2013 // No Comments

Taylor Wimpey plc logoTaylor Wimpey plc (LON:TW.)'s stock had its "buy" rating reiterated by stock analysts at Deutsche Bank in a report issued on Friday, American Banking and Market News reports. They currently have a GBX 115.70 ($1.81) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a "neutral" rating on shares of Taylor Wimpey plc (LON:TW.) in a research note to investors on Monday, September 2nd. They now have a GBX 108 ($1.69) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Taylor Wimpey plc (LON:TW.) in a research note to investors on Tuesday, August 13th.

Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of "Buy" and an average target price of GBX 110.43 ($1.73).

Taylor Wimpey plc is a homebuilding company. It is a residential developer with operations in the United Kingdom and Spain.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

[el1te] 17/9/2013 08:00

Great results and oulook from Galliford Try as well

[aspers] 17/9/2013 07:41

A great trading statement from CRST today saying the next few years for the builders looking very rosy indeed :-)

[gbb483] 16/9/2013 19:12

You could even use ADVFN, the links are at the top.

DYOR

[koetser] 16/9/2013 15:22

cheers gbh2

[gbh2] 16/9/2013 14:15

Use this website and never have to ask again:

[koetser] 16/9/2013 14:14

can someone copy the latest RNS here please?

[homeboy35] 16/9/2013 11:01

It's not that far off it's all time high, and has been oscillating around 108 for some time now. Signs are still bullish. Nice little divi in your pockets next week as well!!!!

[hillbrown] 16/9/2013 10:05

Significantly. But. Still the price sticks stubbornly well below its recent interday peak. it will come I am sure.

[el1te] 16/9/2013 09:58

Holdings RNS out. BlackRock accumulating

[gambos49] 14/9/2013 23:52

Do think that with builders now declaring excellent profits, we will likely see talk of acquisitions and mergers start to roll out again. Once again Redrow and Bovis will be the most likely targets if you listen to the pundits and newspapers. I wouldn't be surprised to see TW involved or the US being involved especially with good margins and reasonable share prices.

[gbh2] 13/9/2013 12:45

Volume way down atm !!

[the juggler] 13/9/2013 11:18

Barrett have bounced back 4%+ as I type. Hope this can hold onto its shirt tails and follow the way up!

[gbh2] 13/9/2013 09:23

St Leger tomorrow so Monday should be the kick off day for the big stock market punters :)

[the juggler] 13/9/2013 09:22

I think it is just general malaise at the end of a couple of poor days across the market.

[gbh2] 13/9/2013 09:17

Muted start to the day, could it be that everyone's waiting to see if there's more big sells to come !

[gbh2] 12/9/2013 16:23

I think its even more dramatic just how little effect it had on the SP, as long as they don't dump 9 mill every day !

[priteshpatel9] 12/9/2013 14:15

13.44 - 9,000,000 shares in red.