Taylor Wimpey Share Discussion Threads

[stewart64] 04/5/2017 11:17

Really could do with some guidance on the number of leasehold units affected by these unfair charges from TW. 130 million set aside is pretty meaningless..25,000 units with a £40,000 freehold release fee is a billion pounds for example.

Really would like to get back in, but I hate uncertainty. I doubt TW would have to reimburse in full as per my example. But again , what prop. of the buy back would they be liable for.

[jugears] 03/5/2017 18:05

I assume Galliford Try are dragging this down just because they also build houses, Not that any of there issues are related to housing, But WTF lets Knock all building Shares Down just to be safe, Why Brokers can not differentiate between Construction & House building I will never understand they are & always will be to totally different industries, House Builders know there costs & Build times it is second nature. In construction/refurbs etc there are always hidden costs & delays plus very low margins,If you have won a £500million contract chances are you will have cut your price to the bone, margins are about 1% profit so it doesn't take much to loose Money rapidly when things go wrong.

[optomistic] 03/5/2017 16:24

Very steady upward trend...just the last week that's broken the pattern, today no exception:-/

[dr_smith] 02/5/2017 23:28

Good to hear Sogoesit.

[stewart64] 02/5/2017 09:53

Trouble with these type of risks is that the Government have a good track recording of bowing to public pressure and destroying good companies ( leasehold risk). Look PPI was an innocuous nothing when it first cropped up, it only destroyed the native banks for a decade. Bad debts turned out to be nothing in the end because of quantitative eading, PPI was the beast that killed them because they not the third party insurer had to pay the lot back.

[sogoesit] 28/4/2017 13:52

DR_Smith : The developer said their lease terms were "non-negotiable"; take it or leave it.
Those were market conditions at the time and, as a purchase, the price was attractive.
I thought I would have a case at a later date against the free-holder.
And so it has proved.

[mip55] 28/4/2017 12:23

Shouldn't be surprised I suppose...From HLTaylor Wimpey: Canaccord downgrades to Hold with a target price of 205p.

[mip55] 28/4/2017 12:15

Thanks for the advice Raffles but it wasn't me that was adamant that their most recent note was an upgrade.

[poacher45] 28/4/2017 12:11

Is £1000000 enough. They sold the leaseholds for £500 each now those same leaseholds are being sold for £40000. The company that bought them did so legally I cant see them selling them back to Wimpey for less than £10000 each.

[raffles the gentleman thug] 28/4/2017 11:23

hardly think a broker the quality of Peel Hunt have the ability to ever materially move these shares and provide any kind of a trading opportunity mip55.

As you seem to be unclear yourself on their position on the stock I suggest you call their analyst directly for clarification. Clyde Lewis on 020 7418 8949.

[mip55] 28/4/2017 11:05

Possibly if you worked out the difference between an upgrade and a downgrade it may help Raffles? Lol

[raffles the gentleman thug] 28/4/2017 10:37

well done gbh2 - glad its a profitable hobby for you. Count there are many that could say that. Likewise I'm in both, though wish I was a lot smarter at trading them. Having said that LLOY isn't too bad to trade, but TW I've found a bit of a nightmare given constant drivel and misinformation on the relative state of the UK housing market

[gbh2] 28/4/2017 10:12

Raffles, I agree I think only our modus operandi differs, as this is my hobby I like to play the Highs & Lows as well as collect dividends.
I'm sure you'll not be surprised when I write that TW & LLOY have been my two best plays during the last two years and though I'll always be looking for obvious selling and buying opportunities I will maintain a core holding in both.

[raffles the gentleman thug] 28/4/2017 09:55

You might be right gbh2 but I'm happy to continue buying here as story looks exceptionally good, valuation cheap and stock sitting right on support levels. Frankly I struggle to find another sector as compelling on a two to three year view

[gbh2] 28/4/2017 09:15

I'm not expecting much upward movement until mid to end of May.

[m4rtinu] 28/4/2017 09:13

Well said Dr! I am a shareholder but I don't like it when people are ripped off and/or put under pressure to buy. Of course, the seller would say "they had independent advice", but disingenuous in my mind. Good that TW. have put their house in order. MU

PS: Is share price testing a figure at just below 200p?

[sogoesit] 27/4/2017 21:13

Redrow also has this ground rent doubling issue. I have a Redrow lease and, on purchase, developers basically say "take it or leave it".
Good that someone has set the precedent & happy the hit not too damaging. Better to do it in a strong market of course.

[stewart64] 27/4/2017 21:03

It's an unquantifiable risk gbh2, which in all probability will come to nothing. How PPI worked was the bank not the insurer had to fully refund the premiums of the policies they sold on to a third party. A buy back of a freehold could cost 40k a unit. However, it was legal and in all probabilty will not be a major issue.

[gbh2] 27/4/2017 20:44

I'll be here until I get the special dividend, my ave is 168p but no reason to sell imo.

[stewart64] 27/4/2017 20:06

I reckon the leasehold selling scandal may have something to do with the lowering of the target. Tbh this type of unquantifiable risk bothers me. It's probably small beer ( not a PPI)but I chickened out at the death and sold out at £2.0143 today after the news was reignited this afternoon. My best recent buy...bought at £1.79 in February. Sorry to let the side down, because I still think this share might fly.

[optomistic] 27/4/2017 19:33

It seems like they had a change of mind overnight.

[mip55] 27/4/2017 19:26

..it is as well to get the facts right ;-)