Taylor Wimpey Share Discussion Threads

[spennysimmo] 10/6/2010 13:18

I think you need to check your maths!

[smurfy2001] 10/6/2010 11:59

Woolwich and Bovis Homes to offer 90 per cent deals

First-time buyers and those with small deposits to benefit from competitive new loans

The hopes of first-time buyers and borrowers with a small deposit have been given a boost by a new deal from Woolwich, the mortgage brand of Barclays.

The UK's fourth largest lender is to offer competitive new loans worth up to 90 per cent of a property's value, but only to those who are willing to purchase a Bovis new-build house or flat.

It will become the only major lender to offer 90 per cent loan-to-value deals to buyers of new-build flats.

The builder has set up an insurance company which will pay out to Woolwich if it faces loses because a borrower defaults on their loan and is repossessed.

[smurfy2001] 10/6/2010 11:58

From the FT: We have upgraded our recommendations on Barratt and Persimmon from
Hold to Buy ... meaning we are now Buyers of all leading housebuilders. This
is despite our deep-rooted and long-argued scepticism on the sector and our
short-term concerns about the market post-election. But they look just downright
cheap, especially after yesterday's falls. Our recommendation is based
on long-term investors selectively taking advantage of short-term volatility

Our changed recommendations reflect steep falls in the share price, with most
housebuilders' stocks tumbling by 5-7% yesterday alone and the sector falling
17% in 3 months, 23% YTD and 29% since the recent peak on 26 April.
We have not changed our estimates or price targets. We base our view purely
on valuations – even based on our relatively conservative "inferred NAV"
approach, which attempts to adjust inventories for the current market value of
land rather than the much higher accounting treatment.

Bellway, Redrow, Taylor Wimpey and Bovis are all now below our inferred NAVs,
while the others trade at narrow premiums (see table below). In our latest sector
note, Land of the brave, published 19 May, we argue for varying premiums.
In the note, issued prior to the UK General Election, we argued that there could
be mounting economic, political and operational challenges ahead.
Since then we have observed gathering evidence that there has been a
subsequent slowdown in site visitors ahead of the 22 June Emergency Budget,
which could be exacerbated by the World Cup – which coincided with a four
week hiatus in site visits during the tournament in 2006.

We suspect that the slower market could be referred to in Bellway's IMS on 15
June and that consumers are reluctant to commit to buying ahead of the Budget.
However, we argued a strategy for investors with a 3-5 year time frame would
be to steadily accumulate positions at times of particular market weakness and
that, under this approach, "bad new could be good news".
Yesterday was one of those days, in our view. We don't doubt that there could
be more ahead ... and that stocks could become even "cheaper". The main risk
in our investment approach is a serious "double dip" in the housing market.
In the sector, we favour Redrow, Bellway and Berkeley based on management,
geography, product and track record.

[scars] 10/6/2010 10:27

A strong bear squeeeeeeeze would not go a miss though.

[2pearly] 10/6/2010 10:23

Isn't that a bit like saying the guillotine is getting a bit blunter?

Well done for digging out a positive in that.

[spennysimmo] 10/6/2010 10:16

Told you there were divergences on the daily chart. Volume and MACD-H showing higher highs, while the share price is showing lower lows. What does that indicate? It indicates the selling force of market participants to drive the share price down is getting weaker.

[2pearly] 10/6/2010 10:15

Panmure with a buy rating on housebuilders? now that is a turn up and £1.80 as well.

Must have a new broker there.He'll be drummed out soon,they don't like to give buy rec's on this sector at panmure.

[scars] 10/6/2010 10:08

U.S. futures looking positive

[scars] 10/6/2010 09:56

Serious risk of it going blue again, shock horror!

[spennysimmo] 10/6/2010 09:52

Probably for the year 2038.

[bigboots] 10/6/2010 09:48

Panmure comes out with a buy for BARRAT today - £1.80 price target, cant be right !!!! can it ??

[scars] 10/6/2010 09:25

Good point Pearly, after a bashing that it has had for a month now for relatively no good reason that could be considered a low. But it may not be, that's the risk you take.

quite happy with my 28.17 buy this morning though!

[2pearly] 10/6/2010 09:16

Mmmmmmm?

Just got to establish what's low then?

I didn't realise that 40p was a high and not a low.

[scars] 10/6/2010 09:15

That's why you buy low sell high on a longer term investment! doh!

[2pearly] 10/6/2010 08:28

Sell bots are on.2672,2608,2679 etc

If it wasn't for the fact that I abhor shorting as immoral and underhand, it must be easy as pie to make money out of TW.Slightest hint of any negativity anywhere in the markets and this can be bashed down up to 10% a day.

[2pearly] 10/6/2010 08:01

I imagine TW is feeling all cuddly and warm at the thought of diving into the red as soon as the bell sounds and then continuing to fall away during the day.It was uncomfortable yesterday with that blue business.