Taylor Wimpey Share Discussion Threads

[baracuda2] 28/2/2017 09:07

Always seems to happen on results day, I never learn!!!

[njb67] 28/2/2017 08:15

Normal dividend circa 2.5%

With target total dividend circa 7.5% in 2017 and similar in 2018.

I can not see this being priced on total dividend yield, the underlying dividend will act as an anchor in some regard. Fair value circa 200-225p/share?

[gbh2] 28/2/2017 08:03

We'll see a demonstration of institutional power today, they'll not let the share price run wild imo.

I still expect the main share price increase to occur during the run up to ex special dividend date.

[m4rtinu] 28/2/2017 07:59

Can't see a lot of movement in share price as mostly pre-announced and no extra "nice" surprises. Soon see!

[m4rtinu] 28/2/2017 07:48

UK current trading and outlook

We have made a very good start to 2017 and are encouraged by robust trading and levels of demand. The UK housing market fundamentals remain good with strong customer confidence in our core geographies.

The market is underpinned by a competitive mortgage market and low interest rates. Whilst the wider London market remains robust, prime central London is softer, as previously highlighted, however, house prices are stable, and there are good levels of underlying demand.

The net private sales rate for the year to date (w/e 19 February 2017) has increased to a very strong 0.91 (2016 equivalent period: 0.77).

We continue to focus on building a strong order book for the future. As at 19 February 2017, we were c.49% forward sold for private completions for 2017, with a total order book value of GBP1,978 million (2016 equivalent period: GBP2,030 million), excluding joint ventures. This order book represents 8,573 homes (2016 equivalent period: 8,409). 58% of Central London private completions for 2017 are forward sold, as at 19 February 2017 (2016 equivalent period: 76%).

We expect underlying build cost increases during 2017 to be at a similar level to 2016, at around 3-4%.

[gbh2] 28/2/2017 07:40

My best performer during the last three years and those special dividends are most welcome.

[gbh2] 28/2/2017 07:39

Looking good as long as those Special dividends keep coming.

[hernando2] 28/2/2017 07:36

I managed to buy these during the brexit spike down. Giving an average in the 120's, i had been watching them for years after someone who worked there told me all was well and to buy.

the price then was 30p....glad i am in , but oh my my

[rogerbridge] 28/2/2017 07:35

Nice divi nice profits

[fredd] 28/2/2017 07:31

..."The payment of ordinary dividends will continue to be supplemented by additional significant special dividends at appropriate times in the cycle. Our Special Dividend Policy will 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 medium term, and once the Group's ordinary dividends have been met.

In 2016 shareholders received total dividends (including ordinary and special dividends) of GBP355.9 million (or 10.91 pence per share).

As previously announced, and subject to shareholder approval at the 2017 Annual General Meeting, we intend to pay c.GBP300 million to shareholders in July 2017 by way of a special dividend.

Accordingly, subject to shareholder approval at the 2017 Annual General Meeting, in 2017 shareholders will receive a total dividend of c.GBP450 million (c.13.8 pence per share), comprising an ordinary dividend of c.GBP150 million (c.4.6 pence per share) and a special dividend of c.GBP300 million (9.2 pence per share)...."

[chinese investor] 28/2/2017 07:24

Good Results !

[manics] 28/2/2017 07:16

Very decent from TW.

[bantam175] 27/2/2017 09:02

Dogged resistance at 180 here. Let's hope we get through that tomorrow.

[garycook] 27/2/2017 07:41

Great results from PSN.Here,s hoping TW,s is similar tomorrow.

[gambos49] 26/2/2017 20:33

Looking forward to the next 2 days with both PSN and TW

[gambos49] 24/2/2017 18:29

Got my forecast a bit wrong still roll on Monday and Tuesday expecting really good results and dividend announcements from both of them

[garycook] 24/2/2017 11:52

Waiting for the results !

[npp62] 24/2/2017 11:48

Very quiet in here!

[gambos49] 19/2/2017 19:42

With first Bovis then Barratt it's a good lead in for PSN and TW the week after would hope for at least 5% rise on the week unless Donald upsets things.

[garycook] 18/2/2017 02:56

Raffles.Nice article.

[raffles the gentleman thug] 17/2/2017 14:08

Deutsche Bank is a fan of Taylor Wimpey PLC (LON:TW) and Barratt Developments PLC (LON:BDEV), although its income rather than growth potential that has caught the eye of the German bank’s number crunchers.

The former is rated ‘buy’ up 244p a share, with the analysts flagging up the company’s strong cash flow and significant strategic land bank as positives.

But it is the pay-out that stands out, Deutsche said. “It is this FTSE100-leading dividend yield of around eight per cent, we see as a key driver of the investment case and we believe should be increasingly recognised in the valuation as cash flow generation continues to more than support annual payments.”

Deutsche provided coverage of the sector in four separate notes previewing results later this month.

In the Barratt curtain-raiser the bank admits there are risks to its ‘buy’ case – namely its London exposure.

However, it says the valuation of the stock at just 1.2-times price to net tangible asset value is “too cheap”. Barratt is worth 605p, 85p more than the current share price, the note added.

At the same time the dividend yield of 6.5% is too high to ignore. There is also the potential of a return of excess cash in some sort of special distribution, Deutsche’s brokerage arm pointed out.

The recent profit warning and exit of the chief executive at sub-scale Bovis Homes Group PLC (LON:BVS) are two reasons why the stock is rated ‘hold’.

That said, it could be taken over with a leading shareholder publically pushing for Bovis to be sold off.

The “potential upside” from a capital return programme at Persimmon PLC (LON:PSN) still isn’t enough to tempt Deutsche off the fence.

Its valuation is the highest in the sector, it pointed out in a note repeating its ‘hold’ recommendation and 2,069p price target.

Dates for the diary

Bovis - Full-year results Feb 20

Barratt - First-half results Feb 22

Persimmon - Full-year results Feb 27

Taylor Wimpey - Full-year results Feb 28

[rick the spark] 13/2/2017 19:18

It was dated 10 Feb though and hasn't done any harm today muy the looks of it.

[lostuser] 13/2/2017 17:46

Was that a 30 million sell?