Taylor Wimpey Share Discussion Threads

[rikaughty] 18/5/2016 15:23

Barclays Overweight New Target 300.00

[rikaughty] 18/5/2016 14:46

Fingers crossed then. My target SELL price was and is £2.50 since I bought in after doing my research.

[gerdmuller] 18/5/2016 14:14

JP Morgan have raised their target price to 250p today and DB to 261p.

In a world where yield is difficult to come by then this one must be looking good to institutional investors.

[thomasthetank1] 18/5/2016 12:19

Read Beaufort Securities's note on TAYLOR WIMPEY PLC (TW/), out this morning, by visiting hxxps://www.research-tree.com/company/GB0008782301

"A positive announcement from Taylor Wimpey! Against the backdrop of a strong housing market, easier access to mortgages at attractive rates, various government subsidies schemes (such as help-to-buy), together with, of course, highly successful management, the Group has proposed an enhanced dividend policy while also increasing its medium term financial targets for 2016-2018. Taylor Wimpey operate within the optimal size range of its short term landbank, supported by a significant strategic land pipeline to ensure the Group remains cash generative through the cycle. A minimum dividend commitment of £150m per annum reflects the Board's strong confidence in future prospects. In 2016, shareholders will receive a total dividend (including special dividends) of c.£357m (c.11.0p per share), while in 2017, Board anticipate to pay a total of £450m (including special dividends) or c.13.8p per share, up +26% against 2016, indicating a yield of 7.5% (based on: 184.90p), subject to shareholder approval. Moreover, Taylor Wimpey continues to perform well with 70% of its order book sold for 2016 private completions and maintaining strong balance sheet generating cash surplus. Last month, the Group said they have not experienced any impact on its trading due to the uncertainty surrounding the BREXIT referendum. Such fears, have nevertheless been seen to overhang sentiment for the entire UK housebuilding sector that has considerably re-rated over the past 5-years and now finds itself very widely owned. In anticipation of this spurring a phase of profit taking, Beaufort downgraded its overweight stance on the entire sector some weeks back from 'Buy' to 'Hold'. Beaufort has not yet revised its overall sector recommendation, but recognises that the sharp correction recently experienced by UK housebuilders now prices in much of these concerns. Anticipating a 'remain vote' on 23rd June..."

[gbh2] 18/5/2016 09:32

Meanwhile I'll keep collecting the profits :))

[deadly] 18/5/2016 09:28

Taffee has been warning of a crash in the next few weeks for at least 2 years.
He'll be right one day, maybe in 10 years time.
Meanwhile he'll continue the same broken record.

[speedsgh] 18/5/2016 09:14

Little downside at upgraded Taylor Wimpey -

House builder Taylor Wimpey (TW) has been upgraded on management pledges to boost operating margins and increase dividends.

Liberum analyst Charlie Campbell upgraded his recommendation from ‘sell’ to ‘hold’ and increased the target price from 161p to 183p. The shares rose 3.9% to 192.1p yesterday.

Taylor Wimpey announced a fresh 9.2p special dividend for July 2017, on top of a payment of the same amount due next month. The house builder also said it would hike ordinary dividend payments to 5% of net assets, from the current level of 1% to 2%, over the next three years.

That will lead to two ordinary dividend payments of 2.3p per share in 2017, taking total payouts, including the 9.2p special to 13.8p, up from 11p this year.

‘The step up in margin targets is likely to drive consensus upgrades, and in response we raise our target price to 183p,’ said Campbell. ‘We now see little downside and upgrade our recommendation from “sell” to “hold”.’

[taffee] 18/5/2016 06:27

They can only pay that sort of dividend if performance continues bears think we are on verge of property collapse bulls think otherwise... one thing is certain we are in a massive bubble fuelled by cheap money and props and when they burst they take no prisoners

[1carus] 17/5/2016 12:50

I have a buy to let and even if I didn't have a mortgage on it I couldn't make the type of return that this share will deliver over the next 2-5 years.
Long term, despite negative property movements, the property acts as a type of insurance for me. But honestly, TW really do seem to have got their act together since 2008. Back then, maybe it was a case of the market not truly understanding the model correctly as it is now almost inconceivable that the valuation got as low as it did. ( Not complaining mind )

[ardent8] 17/5/2016 10:37

Wheres taf today?

[ardent8] 17/5/2016 10:36

What a shame, :-)

[gbh2] 17/5/2016 09:36

17 May Peel Hunt 205.00 Hold
17 May Liberum Capital 161.00 Sell

Have to wonder just how much this rise is costing Liberum today :))

[omg48] 17/5/2016 09:30

Will TW go up much more before the big divi?

[gbh2] 17/5/2016 09:23

Closed my long bets, I'll make do with my share holding for now.

[gbh2] 17/5/2016 09:11

One can almost smell the shorts burning ;)

[markie7] 17/5/2016 08:32

That's a seriously good announcement

[gbh2] 17/5/2016 07:35

Dividends looking good well into the future :))

[speedsgh] 17/5/2016 07:22

Taylor Wimpey CEO worried about rapid rise in house prices -

Housebuilding boss Pete Redfern, about to head up Labour housing review, favours measures to stall prices and tackle slump in home ownership...

[speedsgh] 17/5/2016 07:18

Strategy Update, Enhancements to Dividend Policy & Financial Targets -

DIVIDEND POLICY
Our Dividend Policy, as an output of our strategy, is inherently linked to the cyclical market in which we operate. We continue to believe that our Dividend Policy should comprise a dividend to be paid throughout all stages of the housing cycle and additional significant surplus cash returns to be made at appropriate times in the cycle.

A key objective of running the business with a focus on value and long term sustainability has been to ensure the generation of healthy cash flows which give investors a significant and reliable income stream. We are confident that the quality of our short term landbank, with the underpin of our significant strategic land pipeline, will mean that we can continue to be cash generative through the cycle, enabling us to sustain a significant ordinary dividend to shareholders on an annual basis.

The Board is therefore pleased to announce today an updated, upgraded Ordinary Dividend Policy. From 2017, subject to shareholder approval, the Company will pay an ordinary dividend of approximately 5% of Group net assets and which will be at least £150 million per annum. This is intended to provide a minimum annual return to shareholders throughout the cycle, including through a 'normal downturn'. This ordinary dividend will be paid equally as a final dividend (in May) and as an interim dividend (in October) each year.

We are operating within the optimal size range of our short term landbank of between 75-80k plots and as a result, we are in "selective land replacement" mode in the short term land market. This, together with the increased profitability of the business, means that we will continue to generate cash that is surplus to the business's requirements. Shareholders will continue to benefit from this by way of a special dividend each year.

Our Special Dividend Policy is to pay out to shareholders the free cash generated by the Group after land investment, all working capital, taxation and other cash requirements of the business in executing our strategy in the near term and the Group's ordinary dividend have been met. The special dividend will continue to be paid in July of each year.

These policies on ordinary and special dividends will apply for dividends paid from January 2017, with the current Maintenance Dividend Policy and Special Dividend Policy applying for the balance of 2016.

In 2016, shareholders will receive a total dividend (including ordinary and special dividends) of approximately £357 million or c.11.0 pence per share, comprising of an ordinary dividend of approximately £57 million and approximately £300 million (or 9.20 pence per share) by way of special dividend.

Subject to shareholder approval at the 2017 Annual General Meeting, the Board will recommend an ordinary dividend to be paid in May 2017 of £75 million (c.2.3 pence per share) and subject to that, will then make an interim dividend to be paid in October 2017 also of £75 million (c.2.3 pence per share). In addition, and again subject to shareholder approval, the Board is also today proposing that a special dividend be paid in July 2017 of £300 million (c.9.2 pence per share).
The Board intends to keep the mechanics of how the Company will pay its special dividends under regular review.

Accordingly, it is anticipated that shareholders will receive a total of £450 million or c.13.8 pence per share in 2017, an increase of 26% from 2016. Going forward, the proposed special dividend will continue to be announced one year in advance at the half year results...

[cwa1] 17/5/2016 07:15

Analyst and Investor Day:-

[beercapafn] 16/5/2016 15:43

gbh2 -- I like that idea. Ta.

[gbh2] 16/5/2016 10:56

I've been building a shopping list of companies that I'd like to add to my portfolio should we see a significant downturn of the UK stock market, but I'll not be selling house builders until house prices start weakening.

[lostuser] 16/5/2016 10:45

Does anyone have any plans to sell here either pre ex-div, or post ex-div but before referendum?

I think everyone's expecting some stock market wobbles around the referendum especially if the UK votes Leave. TW isn't particularly affected by Brexit but every stock will get hit IMO.

It seems likely to me that many people may be tempted to sell post ex-div before the uncertainty of the referendum which I guess could leave the price lower than it is today.

Of course the sensible option might be to just hold and hope everything has blown over in a few months, especially if the UK Remains in the EU

[smartypants] 13/5/2016 10:23

Construction output in the UK fell sharply in March, coming in well
below analyst expectations, falling 3.6% on month and 4.5% on the same
month in 2015. However, once again, private sector housebuilding was the
main y/y exception, up 8.4% on Feb's data. Public sector housebuilding
was down sharply m/m, although a shade higher than a year ago


"private sector housebuilding was the main y/y exception, up 8.4% on Feb's data"