Taylor Wimpey Share Discussion Threads

[raffles the gentleman thug] 11/8/2016 11:32

23 per cent more of those surveyed expecting house prices to rise rather than fall compared to a neutral level of zero in Jun

[optomistic] 11/8/2016 10:40

1.2mill sell a few minutes ago.

[gbh2] 11/8/2016 10:39

And then I read:
"A total of 5 per cent more estate agents reported house prices rising rather than falling last month, according to the Royal Institution of Chartered Surveyors report."

[raffles the gentleman thug] 11/8/2016 09:41

always pays to buy on the negative backward looking news when others losing their heads

[gbh2] 11/8/2016 09:35

The RICS House Price Balance was around a quarter of what was forecast this morning.

[raffles the gentleman thug] 11/8/2016 09:30

funny cos TW not seeing too much wrong

[martyn9] 11/8/2016 09:23

Drop apparently due to poor housing activity since brexit,probually totally fabricated by the gloom and doomers!! imo.

[raffles the gentleman thug] 11/8/2016 09:20

likewise - right slap bang back at bottom of trading range

[gbh2] 11/8/2016 08:55

That drop good enough to tempt me back, just a few at a time :)

[raffles the gentleman thug] 10/8/2016 10:08

Just watch this sector perform when the silly and counter production 12% stamp duty on premium properties is abandoned.

[tlobs2] 10/8/2016 09:43

I've just added a few more ............ so when you are ready :-)

[raffles the gentleman thug] 09/8/2016 13:20

I imagine the sector is just funding a movement into banks at the moment which is exceedingly painful trade as nobody owns them.

But where banks go builders follow, and this market is now slowly morphing into buying cheap high yielding cyclicals.

[martyn9] 09/8/2016 13:10

I wonder how far housebuilders share price will drop when eventually the FTSE drops.Totally oversold and common sense should prevail upon future positive trade updates after brexit doubters.

[raffles the gentleman thug] 08/8/2016 22:39

Fresh from the Motley Fools:

"Shares in Taylor Wimpey (LSE: TW) crashed by more than 40% on the day after the Brexit vote, and while the shares have regained some of their losses over the past month, it still looks as if the company is undervalued compared to both its peers and the wider market.

Indeed, Taylor’s shares currently trade at a forward P/E of 8.9. According to current City estimates the company’s earnings per share are set to grow by 14% this year, indicating that the shares trade at a PEG ratio of 0.6. A PEG ratio of less than one implies that the shares offer growth at a reasonable price. Further, the wider FTSE 100 currently trades at a P/E ratio of 38.67 so compared to the UK’s leading index, shares in Taylor look exceptionally cheap.

Even after Brexit Taylor remains an extremely attractive investment. The UK is facing a structural housing shortage and this deficit won’t disappear following the country’s decision to leave the EU.

The country needs hundreds of thousands of new houses every year, and Taylor is one of the few large homebuilders that can be relied on to contribute significantly to this growth. The Bank of England’s decision to ease credit conditions further last week, lowering interest rates and increasing the volume of funds available for lending by banks, should only increase the demand for new homes.

In a trading statement published on 27 July, Taylor’s management announced that one month after the EU referendum, trading conditions remained in line with normal seasonal patterns. In other words, it seems as if Taylor’s sales are unlikely to be impacted by Brexit in the near term. For the first half of 2016 pre-tax profit increased 12.1%.

So overall, shares in Taylor look undervalued at current levels, and the company’s trading performance is still going strong."

[m4rtinu] 08/8/2016 16:28

Not sure what she can do. It is difficult to increase speed of supply. Apparently shortage of materials/ decent labour.

[tlobs2] 08/8/2016 15:55

Aye we need Ms May to get her finger out and kick start the drive to build thousands more houses!

[martyn9] 08/8/2016 14:59

Yep looking that way,not keeping pace with our peers today for some reason.

[farmai] 08/8/2016 14:33

more like 150 again sooner than we thought :-(

[tlobs2] 08/8/2016 10:51

We might see £1:60 sooner than we thought ;-)

[raffles the gentleman thug] 08/8/2016 08:38

Thats interesting steeplejack. Just two quick observations i) redemption activity is now slowing sharply from June/July levels and likely to reverse in my opinion; and ii) Telegraph on Sunday was advocating an investment strategy based upon buying cyclical exposure to the UK, rather than expensive dollar sensitive defensive companies.

Hence reason I myself am buying banks and builders.

[steeplejack] 08/8/2016 08:30

Are the fund managers chasing dollar earners?Yes,to an extent,because there is a surety of an earnings uplift.Thus,when redemptions are received,the fund managers tend to top slice the domestic orientated share holdings.Anyway,the likes of Taylor Woodrow and other afflicted domestics like Legal and General are some 30% off their recent lows.It's just that stocks like Astra Zeneca and Shire are daily hitting new year highs.If anyone really expected a different scenario in the event of Brexit,I'm very surprised.It was obvious that sterling would plummet and uncertainty would dog the domestics.Time will tell whether such a reaction was erroneous but for now,it would appear to be a prudent response.

[farmai] 05/8/2016 18:12

think we need to wait for these bloody currencies to stabilise and have ourselves some proper stock picking rather than chasing dollar earnings which seems to be the only risk the market wishes to take

[joemillion] 05/8/2016 17:45

We might have to wait a week or so to see £1.60 but confident it won't be be too long coming now.

[tlobs2] 05/8/2016 09:39

Looks like it could be a nice end to the week.

£1.60 would be nice :-)