Taylor Wimpey Share Discussion Threads

[gbh2] 04/9/2014 10:59

Folk simply like to have a degree of control over their local environment even if its not to be woken up at the crack of dawn to find out they're living in the middle of a building site.

Far too many houses are being thrown up without any consideration for the local infrastructure, housing has doubled in our small Town and yet there's been no extra schools, doctors, dentists and or major road changes designed to cope with the growing number of people & cars!

Councils keep soaking up the extra council taxes and one can only guess where the extra cash is likely to end up, my guess is - certainly not to the benefit of local area!!!!

[optomistic] 04/9/2014 10:36

DbD...and do they have to have time down so that the residents can have their siesta.
It's crazy, the work has to be done and it still takes the same total hours whether it is done on a 12 hour day or a 6 hour day.
I suppose it comes down to 'folks like to have a moan' LOL

[death by donut] 04/9/2014 10:23

Optomistic.Thats the case on alot of sites now. One site i was on recently you werent even allowed a radio. Laughable really , builders want stuff built asap but limit the hours to do it. One site I know of in the midlands (not TW.) Would only let you wotk from 8 til 4, i mean really!?Trouble is unless they allow some green belt to built on your always going have 'neighbours' whrn building in city centres etc.DbD

[gbh2] 04/9/2014 09:42

That's me back on board, may be too soon but I'd rather have my cash here than many of the other companies I've been watching.

[optomistic] 04/9/2014 09:40

hxxp://www.gazettelive.co.uk/news/morley-carr-development-final-approval-6430867


TW's new 350 home development in trouble for starting work too early in the morning!
Does that mean all the residents around there start work after 8 am?

[1gw] 04/9/2014 08:29

But (IMO) pretty much everyone is pricing in (gradual) rate rises and an end to the boom time for builders - that's why p/e's are getting so compressed. So (IMO) there's plenty of room for upside surprise - if Draghi delivers for example and Europe goes for meaningful QE that will keep European rates depressed for even longer and that in turn will help to keep UK (and US) rates down (if European bond rates are 0.x%, then investors will buy UK/US bonds at a small premium to that - look how low US and UK 10 year bond rates are at the moment even though the economies are recovering).

And as many have said on this thread and others, there seems to be agreement between political parties on the need to build more houses. That, together with the hope (and some indications) that builders have learned from past cycles and are not over-extending themselves this time buying land at silly prices gives every reason (IMO) to hope that builders can keep delivering growing revenues and profits for some time to come.

[homeboy35] 04/9/2014 08:28

Disappear?

LOL!

[taffee] 04/9/2014 08:03

Prices fall and builders margins disappear

[knocknock] 04/9/2014 07:42

People pay more to borrow money. Simples really.


ask yourself, did people stop buying houses when rates sat at 8,10,12% ?

answers on a postcard.

[pally1] 04/9/2014 07:12

If rates rise what happen here?

[knocknock] 02/9/2014 19:08

London housing zones have the potential to provide thousands of new homes and unlock billions of pounds of development. Find out what contractors need to know to get a slice of the action.

The zones are expected to deliver 50,000 new homes across London over an average 10-year period, with the first batches coming to market between 2015 and 2018. London boroughs have until the end of September to bid for housing zone status.

-----------------------------------------------

cnplus.co.uk

[knocknock] 02/9/2014 19:03

Help to Buy is key long term measure - Osborne

Help to Buy is a key part of the government’s long term economic plan and is “working exactly as intended,” the chancellor George Osborne said today (September 2).

The chancellor was speaking as new figures revealed that a total of 29,829 homes have been bought under the government’s Help to Buy equity loan scheme.

In July, 2,662 more home owners secured a property with the scheme. The total figure to July 31 2014 was dominated by first time buyers, making up 85% of all Help to Buy equity loan transactions since the scheme was launched in April 2013. The average price of an equity loan home was £209,390.

The Department for Communities and Local Government (DCLG) also revealed the six local authorities that saw the highest number of equity loan completions – Wiltshire (528), Leeds (503), Central Bedfordshire (453), Peterborough (417), Milton Keynes (406) and Bedford (352).

Osborne said: “Help to Buy is working exactly as we intended. It’s helping first time buyers onto the housing ladder.

“It’s a key part of our long term economic plan, which is supporting hard working people to secure a better future for their families.”

Stewart Baseley, executive chairman of the Home Builders Federation (HBF) also commented: “This increase in demand is allowing builders to significantly increase the number of new homes being built – homes that the country desperately needs.”

“To enable it to increase housing building rates, the industry is recruiting thousands of apprentices and new employees and boosting supply chains and local economies the length and breadth of the country.”


For all the latest housebuilding news and events visit www.house-builder.co.uk

[speedsgh] 02/9/2014 13:57

No problems. Given the current offer price of c113p + the outlook for further special dividends in 2016 + beyond ("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"), TW. is pretty attractive as an income play which should provide support going forward.

Share price has been consolidating for much of this yr. Subject to wider markets behaving themselves, I would expect TW. to resume its steady ascent north in due course. Unlikely to be any fireworks, but boring works for me. Aimho.

[joeall] 02/9/2014 13:49

Speedsgh;thank you for your time to inform me.

[speedsgh] 02/9/2014 13:22

joeall - Half Year Results -

"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."

The increased 7.68p special div is payable in July 2015 which, when combined with the current FY's maintenance dividend of c0.75p gives a total return of c8.43p over the next 12 months (including the interim payment of 0.24p which is already ex-div, payable on 25/9).

[knocknock] 02/9/2014 11:52

It added that further growth in the business now needed to come chiefly from increasing outlets







-----------------------------------


Time to open the floodgates and get pending planning applications fast tracked and the bulldozers clearing those green fields of sheep and the like.

[knocknock] 02/9/2014 11:50

Record results for Redrow

Redrow has achieved “record” annual results, it announced today (September 2), recording a 91% lift in pre-tax profit to £132.6 million in the year to June 30 2014 against the equivalent period last year.

The housebuilder’s group revenue rose 43% to £864.5 million compared to 2013, on the strength of a 27% increase in legal completions to 3,597 homes and a 13% lift in the company’s average selling price to £239,500.

Redrow stressed the importance of the government’s Help to Buy scheme in accelerating its completions. Private legal completions rose 20% to 2,963, with 35% of them achieved under Help to Buy.

Net private reservations rose 28% in the year to 3,455, driven by the weekly sales rate increasing by 13% to 0.70, and the average number of outlets from which Redrow operated increasing 13% to 94.

The firm said that since July 1, the market had adopted a "more normal summer selling pattern”. It added that further growth in the business now needed to come chiefly from increasing outlets rather than sales rates.

“Market conditions have returned to a more seasonal pattern of activity,” said Redrow’s chairman Steve Morgan. “We have substantially increased our landbank, which should see a good growth in the number of outlets during the year. This, combined with our strong order book, leaves me confident that the group will see another year of significant progress."


For all the latest housebuilding news and events visit www.house-builder.co.uk

[joeall] 02/9/2014 11:27

When is the special divi & how much please.

[death by donut] 02/9/2014 10:22

On TW. Site today , busy as ever , houses flying up, and already sold signs on the walls.DbD

[montyhedge] 02/9/2014 07:37

The house building sector does look cheap, forecast p.e's around 7-8.
So further shareprice rises coming. With the election next year, everything will be done to have the feel good factor for housing. All parties have said we need more houses.

[homeboy35] 02/9/2014 07:31

The hedge is here, in for a quick buck.

Where do you think TW can get to in the Short term?

say, in 6 months time?

i might cash in, at least half, after the special div.

[montyhedge] 02/9/2014 07:21

Redrow figures superb today. Housebuilders the sector to be. Surely mergers and acquisitions in the Housebuilders for land bank grab.