Taylor Wimpey Share Discussion Threads

[frontdoor bull] 24/4/2015 06:22

Taylor Wimpey says new home buyers have shrugged off election jitters and that demand remains high

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[gbh2] 23/4/2015 16:16

Long time since I heard those words :))

[oneillshaun] 23/4/2015 13:48

gbh2 yes sir will do!!!

[v11slr] 23/4/2015 10:35

Ex-dividend was 9/4/15 for that.

[oneillshaun] 23/4/2015 10:30

Curious the final maintenance dividend of 1.32 pence per share paid on the 20 May 2015, what wasteh cut off date or will it be from today?

[speedsgh] 23/4/2015 10:10

pritesh - "Just got to be mindful of labour shortage. If they ramp up house building at any point then there's a lack of skilled trades to build them."

frontdoor - "Don't worry plenty of cowboys out there to finish the job LOL."

... and plenty of Poles, Bulgarians, Romanians etc to plug that skilled labour shortage. I've heard that they are most welcome in the UK with generous social/health service benefits on offer for them + their families ;o)

Just jesting. My own personal experience of 'foreign' labour has been that it is just as good as 'homegrown' alternatives, often superior. They are most welcome.

[gbh2] 23/4/2015 08:50

No interst:

taffee 23 Apr'15 - 08:41 - 15408 of 15408 0 1 (Filtered)

[taffee] 23/4/2015 08:41

With every prop imaginable this is as good as it gets....that's what the market is
Saying....falling prices rising costs rising interest rates withdrawal of any props
Change of hmg etc etc...they are all.big risks which investors seem to have forgotten

[gbh2] 23/4/2015 08:16

Looks ok but price still well under control atm!

[frontdoor bull] 23/4/2015 07:41

Don't worry plenty of cowboys out there to finish the job LOL.

[priteshpatel9] 23/4/2015 07:33

Just got to be mindful of labour shortage. If they ramp up house building at any point then there's a lack of skilled trades to build them. Therefore resulting in missed targets and under performing expectations.

[1gw] 23/4/2015 07:25

Another great housebuilder statement.

[aspers] 23/4/2015 07:11

I can see this passing 200p before the year end......still lots more to come for the builders in the foreseable future. TW still cheap in comparison to its peers.

[frontdoor bull] 23/4/2015 07:11

Excellent.


RNS Number : 0587L

Taylor Wimpey PLC

23 April 2015

23 April 2015

Taylor Wimpey plc

Trading statement

Taylor Wimpey plc is holding its Annual General Meeting (AGM) at 11:00 today in London, where the following comments will be made regarding current trading, financial performance and the outlook for the financial year, which covers the period from 1 January 2015 to today.

Pete Redfern, Chief Executive, commented:

"During the first four months of 2015 we have seen the UK housing market continue to grow, with increasingly competitive mortgages and secure employment prospects underpinning homebuyers' confidence.

We remain focused on progressing our sites through the planning system to enable us to start on site as soon as possible and remain on track to deliver good progress towards all of our medium term targets in 2015."

UK current trading

The strong start to the spring selling season has continued, with high levels of customer confidence and an affordable mortgage environment contributing to a positive trading environment. We have achieved an average private net reservation rate of 0.76 sales per outlet per week for the year to date (2014 equivalent period: 0.74). Cancellation rates remain low at 11% (2014 equivalent period: 10%).

Our total order book remains strong at 8,200 homes (2014 week 16: 8,231 homes), excluding legal completions to date, and has increased by 24% from the year end. We have also increased the total order book value by 12% to approximately GBP1.9 billion from the equivalent point last year (2014 week 16: approximately GBP1.7 billion) and by 33% from the year end. Average selling prices of homes in the private order book have increased by 14% from the equivalent point last year to approximately GBP282.9k (2014 week 16: GBP249.1k).

Land portfolio, planning and outlets

The short term land market has remained benign and during the first quarter we have been able to source attractive opportunities at margins similar to 2014. At the end of March, our short term landbank stood at c.78k plots, following the conversion of over 3k plots from the strategic land pipeline. Our short term landbank quality is supported by our strategic land pipeline, which stood at c.109k potential plots, as at 29 March 2015.

We are currently operating from 302 outlets (excluding joint ventures), at the same number as this time last year. We remain focused on progressing our sites through the planning system to enable us to start on site as soon as possible.

Dividends

Subject to shareholder approval at today's AGM, we will be paying a final maintenance dividend of 1.32 pence per share (2013 final: 0.47 pence per share) on 20 May 2015, giving a total maintenance dividend for 2014 of 1.56 pence per share (2013 total: 0.69 pence per share).

As previously announced, we will also be paying a special cash dividend on 3 July 2015 of 7.68 pence per share (July 2014: 1.54 pence per share), subject to shareholder approval.

Outlook

The uncertainty surrounding the general election outcome has not impacted customer confidence, and underlying demand remains high. We have had a strong first quarter in a positive trading environment, underpinned by good mortgage availability and employment prospects. As at 19 April 2015 we are 67% forward sold for 2015 completions, positioning us well for the remainder of the year and beyond. We are confident that we will continue to drive further sustainable growth and we are on track to deliver good progress towards all of our medium term targets in 2015.

[klotzak] 23/4/2015 06:28

Looking forward to getting a better idea of direction. Some would say the recent rise has already factored in ga set of good results.

[gbh2] 22/4/2015 18:54

Yep plus the agm.

[libertine] 22/4/2015 18:06

Update tomorrow!!

[gbh2] 22/4/2015 08:29

Telford Homes published another good Update :)

[frontdoor bull] 21/4/2015 18:16

The building industry is booming, so I am expecting excellent results here.

[homeboy35] 21/4/2015 13:45

Normal service resumed

[gbh2] 20/4/2015 15:50

Loads of time to buy in, share price will drift until the last week or so imo.

[oneillshaun] 20/4/2015 14:16

gbh2 - you don't think everybody would be buying if that was the case? a special dividend of 0.0768p is huge add in a rise from now to then and that is a pretty healthy return.

[homeboy35] 20/4/2015 08:44

It's all gone quiet - is everyone counting their money?

[gbh2] 14/4/2015 15:18

Topped up today, lots left in the price in the run up to the special dividend imo :))