Taylor Wimpey Share Discussion Threads

[raffles the gentleman thug] 03/4/2017 18:56

Latest from Motley Fool:Your last chance to buy Taylor Wimpey plc under £2?Well, what a year it's been for Taylor Wimpey (LSE: TW). The residential housebuilder saw its share price crash from nine-year highs of 210p to lows of 116p within weeks of the EU referendum. Many were predicting doom and gloom for the UK housing market, while the contrarians among us spotted a unique buying opportunity. So looking back, was the post-Brexit sell-off good news or bad for UK investors?Warren Buffett's adviceWell, it depends who you ask. Those who got caught up in the Brexit panic and decided to sell in June, might be disappointed to hear that the share price has fully recovered. For those, let's speak no more of it, learn from the experience and move on. Those who ignored the doom-mongers and held on to their shares with a longer-term view, well done, you've been vindicated.And finally we come to those brave individuals who decided to go against the herd and buy the UK-focused housebuilder when others were dumping their holdings. You may have felt like you were swimming against the tide of prevailing opinion, but you were actually following the advice of master investor Warren Buffett, who advises us to be greedy when others are fearful.So what now?Last month the group announced a very positive set of results for 2016, delivering an excellent performance against a backdrop of political and economic uncertainty. Total revenue came in 17.1% higher at £3.7bn, compared to £3.1bn the previous year, with pre-tax profits soaring 21.5% to £733m.I'm still cautiously optimistic about Taylor Wimpey's long-term prospects. The group has made a strong start to 2017 with robust trading and good levels of demand underpinned by a competitive mortgage market and low interest rates. The share price may have fully recovered from the Brexit sell-off, but I think the shares still offer good value at just 10 times forecast earnings, with a generous affordable dividend yielding 7%.

[stewart64] 30/3/2017 15:53

Seems to have gone quiet on the leasehold legal matter. Surely it is up to the buyer's solicitor to have pointed that out. Seems pretty fundamental and basic for a solicitor to overlook that.

Sue them.

[grahamite2] 30/3/2017 07:54

Sometimes the price doesn't behave as you would expect.

For "sometimes" read "always" - anyway in my experience!

[stewart64] 30/3/2017 07:49

Absolutely 7% annual yield with cover is just amazing in this environment. I also hold Kier Gp and amazingly shareholders have bailed out before the ex dividend date today. Shares have tanked from 1500 to 1420. Sometimes the price doesn't behave as you would expect.

[tlobs2] 30/3/2017 07:41

I am more concerned with profitability rather than increases in property prices and for me TW have got it just about right.

With the bumper special dividend on the horizon I am expecting the share price to be over 200p in the coming weeks.

[stewart64] 30/3/2017 07:20

Main concern for me on TW, I am a shareholder btw, is over reliance on the south. It has flourished by being in the property hot spot but that is changing, Cambridge is reversing and prices in the south east have probably been taken as far as they will go for now. Meanwhile from the N Midlands up prices have barely moved in 12 years, and any demand looks likely to be greater there as we have a south to north rotation as per previous cycles.

[speedsgh] 21/3/2017 19:43

Stockwatch: Best yield on the market (3/3/17) -

[bantam175] 21/3/2017 13:02

Of course.

I should probably have used "might" instead of "must" in the post.

hiho hindsight and all that

[grahamite2] 21/3/2017 12:19

You could well be right, Bantam.

My only point was we should probably avoid hard and fast viewpoints - which I suspect you'd probably agree with.

[bantam175] 21/3/2017 11:41

Possibly quite a lot or possibly not.

My theory is that with 48% of the country voting to remain and thus having little confidence with brexit, they are quite likely to remove funds from British based companies such as TW. where the company is based and run in Britain, depends on the value of British land and buildings and reports in pounds, to overseas companies such as RIO where although quoted on the LSE it is a joint British and Australian company and should the pound go down the pan the value of the RIO shares would remain roughly the same as they are based on the value of their worldwide assets being dug out of the ground.

A bit like putting your money in gold I suppose.

Anyway, was and is just a theory. Time will tell as always.

All imho dyor as always.

btw I used RIO just as an example, not suggesting anyone should buy them or not.

[grahamite2] 21/3/2017 11:11

It is surely unwise to allow political opinions to dictate investment strategy - look at all the Republicans who dumped their portfolios after Obama's election and thus missed out on a huge bull run.

The obsession that Brexit will be some sort of calamity makes no sense and flies in the face of (admittedly limited) experience so far.

Unexpected dip.

Must be brexit fears imho.

Why?

Housebuilder Berkeley shrugs off Brexit vote to hit profit targets

What's the Brexit vote got to do with anything?

[libertine] 17/3/2017 10:29

Housebuilder Berkeley shrugs off Brexit vote to hit profit targets


Housebuilder Berkeley Group has said it expects profits at be at the top end of forecasts this year, as it signalled the housing market in London and the South East had "stabilised".

In the seven months since the Brexit referendum result, Berkeley said new home sales had fallen by 16%.

But in the last two months reservations were higher than a year earlier.

The London-focused developer also said inquiry levels remained "robust" and pricing continued to be "resilient".

It said the market had been adversely affected by a number of factors apart from Brexit uncertainty, including changes to stamp duty, the challenges of securing planning permission and the demands to provide affordable housing.

As a result, new housing starts have fallen by 30% in the capital.

However, the company said: "Berkeley is uniquely placed to maintain its high levels of production in London and the South East and we are onsite in production on 58 sites."

It added that there were a further 22 sites in the pipeline.

Shares in Berkeley rose by 5.26% to £31.19 in early trade.

[gambos49] 16/3/2017 22:20

Most unusual for TW to be one of the top risers in the house building sector today ,I do wonder if they are being lined up or are lining another builder up for take over

[raffles the gentleman thug] 16/3/2017 11:05

Don't think its being walked down as such - just the usual people behaving like sheep and selling these names to buy commodity stocks up 6% plus which you couldn't give away two days ago.

In a super market if you get deals like two for the price of one, people buy more, and conversely when prices are rising they put less in their basket. In the stock market sadly its always the complete reverse. Nevertheless I have been very happy to buy more TW this morning

[gbh2] 16/3/2017 08:33

Price being waked down again!

[bantam175] 15/3/2017 10:48

Unexpected dip.

Must be brexit fears imho.

[arab3] 14/3/2017 19:04

bovis getting slated on bbc the one show

[gbh2] 14/3/2017 08:09

I'm not expecting to see 200p+ until we get nearer the special dividend ex date.

[pally12] 14/3/2017 08:07

Will pi sell now brexit underway

[speedsgh] 13/3/2017 15:21

m4rtinu - RSI is certainly looking overbought short term. A pause would probably be healthy at this point. Will be interesting to see if psychological 200p barrier acts as resistance.

[m4rtinu] 13/3/2017 15:01

This is up 25% since start of the year! (When) will profit taking occur?

[gbh2] 13/3/2017 09:16

Soon brought to heel though.

[chinese investor] 13/3/2017 08:08

Good Start !

[chinese investor] 13/3/2017 07:17

It's Gonna Be A Great Day For Builders !

[raffles the gentleman thug] 13/3/2017 04:03

U.K. House Prices Rise Fastest in a Year as London Rebounds