Taylor Wimpey Share Discussion Threads

[aspers] 31/7/2014 15:27

Taffee....the quicker the school holidays are over the better.......why not go and play with your Lego?

[taffee] 31/7/2014 14:00

Agreed....apparently foreign cash buyers will keep buying at peak prices
Even if prices fall?lol
Dublin estate agents haven't seen a cash buyer or investor since 2008
Friend of mine lived within the m25 late 90s and could not sell his 2 bed flat
At £20k...yes £20k...no one wanted them....now falling over themselves at
£180k!

[bobsidian] 31/7/2014 13:39

Whenever I read something like "London is a law unto itself" it puts me in mind of the comment "It's different this time".

Why would 50 people decide NOW to pursue a one bedroom flat in Hackney ? You know it has very little to do with supply and demand and much more to do with animal spirits and the fear of missing out on a capital gain. It is the kind of behaviour that tends to be associated with a market approaching a valuation peak. London is not immune from a residential property price correction.

And if people still choose to ignore the warning signs of what may be a significant price correction to come, then you can be sure the Bank of England will use such behaviour as justification to tighten the various levers and measures introduced initially to calm the housing market. And it is that tightening which will have the desired effect of aligning demand and supply whilst removing the inordinate premium currently built in to property prices. And heaven help those who have been lured into residential property near its peak when the blunt instrument of rising interest rates begin to do their work.

Time and again you hear individuals saying that because they funded their property purchase with little or no debt its value will be immune to any correction. You can only marvel at that kind of leap of faith which borders on naivety.

[taffee] 31/7/2014 12:43

its fantasy.....there was no shortage of property in 2008/2009....they said the same things in Ireland and spain hence huge building projects but in the end it was just an enormous bubble which burst and the same will happen in london

[badmumba] 31/7/2014 12:06

taffee , i will give you my house my girl my daughter my savings my car and an arm if that happens , there is not enough properties in London to go round .
Yes house prices have gone silly and yes they will backtrack at some point (although not so much in London) , i also hope that the agents pumping them up go bust ,they are very annoying people .

However London is a law unto itself ,the other day they had 50 viewings for a converted one bed flat in Hackney at 400k ,stupid i know ,, but so is the fact that Kimberley and Cheryl from Girls aloud won't come round to spend the night with me ,it's just the way it is ...

[shaws67] 31/7/2014 11:11

Toffee is a depressed 80 yr old with nothing better to do than express her jealousy. Filtered her month ago. Total idiot, her life expectancy won't see her next predictive market crash.

[taffee] 31/7/2014 11:05

badmumba

take a look at hong kong crash 1997(60-70%) and Tokyo 1991(up to 90% falls)
perfectly possible as London is in a similar bubble

bluerunner

I'm pretty optimistic actually...just wary that the credit crisis is still with us except there is even more debt and leverage

rates are near zero and we print money because things are really really bad out there

argentina has also just defaulted...I'm not making the doom up!

[bluerunner] 31/7/2014 10:36

I always read Taffee's views. But not because they are worth anything.I'm just thankful my life is not as miserable as her's so obviously is. Talk about glass not even half full. Wherever she walks, there must be a black cloud above her head. Misery personified. Always puts a spring in my step.

[gbh2] 31/7/2014 10:15

I don't mind alternative comment but there's hell of a difference between reasoned comment and a manic depression's view of the World, taffee wasn't worth reading after the first day or two so I applied the Filter!

[badmumba] 31/7/2014 10:08

taffee i dont mind your alternative view ,it's fine to have both sides on a bb , but house prices to drop 70% now come on !! what your saying is a small house in one of the London boroughs that is valued at 500k could be worth 150k ????
If you believe that your making your self look silly .

[lewis1234321] 31/7/2014 09:46

Yes, but not just yet old boy. Still too early in this cycle.

[gbh2] 31/7/2014 09:41

US futures tumbling, yanks worried about rate rise (amongst many other issues) that are expected to see the DOW drop a few hundred points and you can bet that our index will follow it all the way down + a bit to ensure deference to the superior US index!

[taffee] 31/7/2014 09:34

Prices in London could fall 50-70%.....everything property will be affected

[lewis1234321] 31/7/2014 09:31

110 I'm in. London will rebalance whilst rest of UK catches up for next two years.

[homeboy35] 31/7/2014 09:24

Bounced off 110. Maybe these parasites will all buy back in now

[gbh2] 31/7/2014 09:17

The hedgies will make a packet when it comes to buying back in, my bet is they'll be waiting to see qualifying date for the next special dividend before buying back in.

[shaws67] 31/7/2014 09:08

Almost 8p fall since yesterday. Mental.Pity it doesn't climb that quick, takes almost months for 8p rise...

[aspers] 31/7/2014 07:53

Taffee.........don't be late for school old bean!!

[taffee] 31/7/2014 07:29

The so called boom is a bubble fuelled by near zero rates and other props
House prices are already falling fast in London...the bubble is bursting
That's why the share price is where it is

[deanforester] 30/7/2014 17:38

From the results RNS:

On 3 July 2014 we returned £49.7 million to shareholders, equating to 1.54 pence per share. With operating cash generation improving and land payments still to be made, we have stated before that we consider 2014 to be a transitional year with significant cash surpluses expected to be generated from the second half of the year onwards. We have, however, continued to outperform our own expectations, both in terms of cash generated and importantly our forecast cash expectations, with reduced cash requirements for land and work in progress investment. Therefore, the 2015 cash return will be increased by £50 million to £250 million, equating to c.7.68 pence per share, subject to shareholder approval. This will be paid in July 2015 in line with the working capital requirements of the business. It is proposed that, subject to regulatory requirements, shareholders will be able to choose to take the return of cash either as income or capital through a B-class share scheme. Underpinned by the strength and quality of our landbank and strategic pipeline, going forward we continue to expect that these cash return payments, in addition to the maintenance dividends, will be at least £200 million per annum for the medium term and will also offer potential upside in line with the cash generation of the business.

That 7.68p will make the yield well over 7%.

Time to get in before the market wakes up to it.

[libertine] 30/7/2014 15:58

New building sites to get £3m cash injection as the Government aims to speed up construction of up to 25,000 new homes