Taylor Wimpey Share Discussion Threads

[raffles the gentleman thug] 08/11/2016 16:09

well i am relatively confident it goes Clinton's way - how TW works out though is anyone's guess. Saw the tv show on the home builders the other day, but what everyone seems to be oblivious to is the massive skills shortage we continue to have to close up the gap between supply and demand for new homes - much negativity on this sector but fundamentals continue to remain sound and valuations attractive

[gbh2] 08/11/2016 15:37

I'm just hedging my holdings with the bet on Trump, it worked with our referendum.

[raffles the gentleman thug] 08/11/2016 15:18

i am no expert gbh2 but if I had to call it it would be a convincing Clinton win - that's just based upon the ten swing states that matter where Trunp looks behind in all with possible exceptions of Ohio, Florida and possibly Virginia

[gbh2] 08/11/2016 14:47

Trump, by way of a majority of supporters that feel their lives cannot get any worse so they're ready for a change at whatever cost.

Just picked up another 2K here I'd forgotten our Premium Bonds winnings were to arrive today ;)

Have you any thoughts on a winner Raffles?

[raffles the gentleman thug] 08/11/2016 13:43

which way you calling it gbh2 ???

[gbh2] 08/11/2016 13:41

I'll have to wait for the outcome of the US election, I have my spare cash on that atm :))

[raffles the gentleman thug] 08/11/2016 13:39

Given arja has a habit of calling the bottom with his pointless posts I am buying more here at 140p ...

[arja] 08/11/2016 10:31

builders struggling again today but not losing much ground - market thinks that effects of BREXIT on house prices in future will not help builders .

[meganxmas] 07/11/2016 16:28

Sorry for being simplistic but here is my take.Ball park for UK ... dont know about london. Assume house sells for £100k (i know ... but multiply to get to # you want!!)...Build and site costs £55kLand purchase costs (assuming bought with planning £20k to £25kTherefore GP £20k to £25k (max)Interest and non site overheads probably circa £10k giving PBT of circa £10k.So ... if house prices fall 10% then unless can cut price at which buy new land profits disappear pretty fast. Land is the main variable that in theory should flex with house price movement ... other costs difficult to manage downwards unless volumes drop. Problem is land owners dont buy that !!!

[hernando2] 07/11/2016 15:58

My pal who likes property says, that the rule of thumb used to be 1/3rd for land, 1/3rd for build, 1/3 for financing and profit. Thats for a small builder not sure how that translates to the big companies.

Cleary that will vary depending upon where you are as we know the price of land varies considerably, we both live near the sea and his favourite saying is they are not making any more land near the sea.

He also bought the last property in an estate and got a very keen price, particularly as he was a cash buyer and it was near their year end, and at that time they wanted to show that they had enough cash at bank.

i didn't realise there was so much flexibility until he explained the inns and outs.

[rikaughty] 07/11/2016 15:40

...£70k less for our house compared with someone else around the corner for the same property.

[rikaughty] 07/11/2016 15:38

For me I was not aware of any scams at the time; however in my mind there is something fundamentally wrong in paying an awful lot of money for something that is sat on land you don't own. We bought one of the last houses on the estate, it's a good way of purchasing below the asking price because the council will not adopt the streets and services on there until ever house is sold. My understanding is the builder has to keep staff on site and pay for the services until such time so costing them. Additionally, once they have sold a certain percentage of the houses (can't remember the approx number now) then each and every further sale is profit so they are not as fussed about margins. We paid

[m4rtinu] 07/11/2016 15:07

Rik - an excellent post. Very informative. And to my mind, symptomatic of rip-off Britain. I agree the practice as outlined should be outlawed. But it shouldn't take a scandal to stop these practices. In the end, no doubt lawyers would get involved, a test case brought and if the company found liable, then £ms would be paid in compensation.

[grannyboy] 07/11/2016 12:40

I'm surprised that arja hasn't blamed Brexit for the leasehold debacle, though there is still time.

[arja] 07/11/2016 10:38

scary stuff and I am buying a 2 year old Bovis house in Devon . I must make sure it is freehold when I receive the draft contract soon .
TW struggling again even in this big up day for market generally but driven by mining stocks .

[dr_smith] 07/11/2016 09:39

rikaughty:
"I clearly didn't want to buy a leasehold property and be at the mercy of the land owner but I don't think many people know or understand the difference"
30 years ago I worked in a banks head office legal dept and distinctly knew the difference..but whould still have considered leasehold, as rent were typically peppercorn or near zero...though I am one for reading small print and double checking.

I am obviouly out of touch - though a friend happened to mention it to me last week, but I was not aware of the scam and that there should be charges for non-provided services truly is a scam. I expect/hope this will be outlawed quickly as it can only have a detrimental effect on people and the property market.

[gbh2] 07/11/2016 06:57

It's become more and more popular as a money now & money later scam, understanding it is imperative.

[rikaughty] 07/11/2016 06:46

Yeah agreed; naughty. We bought a new TW house 5yrs ago. All the houses on the small estate were sold as leasehold but with the option to buy the freehold at point of sale. We got ours (for free in the end) via negotiation BUT most did not buy. I'm not sure on the cost per annum of the lease. I clearly didn't want to buy a leasehold property and be at the mercy of the land owner but I don't think many people know or understand the difference - my wife e.g. would never have even asked, and took some time to understand the fuss I was making at the time.

[zho] 06/11/2016 11:57

I don't expect that this will affect Taylor Wimpey's share price, but I do think that it's a scandal:

[gbh2] 06/11/2016 11:56

Don't look for sense where there's only none.

[gbill11] 06/11/2016 09:35

CatsWhiskas - 27 Oct 2016 - 09:32:20 - 18094 of 18195 Taylor Wimpey - TW.
I reckon there's a profits warning on the way imho to justify the relentless decline in this stock the yield us now over 10% unheard of...short this dung sub £1

[gbill11] 06/11/2016 09:26

13.8p in dividends for 2016. Are there any forecasts for dividends in 2018 and 2019?

[gbill11] 06/11/2016 09:25

Trading update 14 November 2016

[catswhiskas] 04/11/2016 19:13

Used the fall to close out my short and go long here .IMO Hilary Clinton will win positive trading updates from the builders markets turn and start to go back up Autumn statement round the corner this will be trading around 155p towards the end of next week.