Taylor Wimpey Share Discussion Threads

[gbh2] 16/5/2017 18:11

What price will these be sold down to after the Special dividend, is the question?

[michaelbinary] 16/5/2017 17:06

Special divi.........lovely.

[stewart64] 16/5/2017 15:57

Well I bought back in spite of my reservations at 196.6. Wasn't an intentional swing trade buying back a bit cheaper but faced with the stark reality of the poor fundamentals on some of my other stocks I cashed out TUI at a profit to get back in. TUI talk a great game but make losses, TW scare the hell out of me but have been making shed loads of cash. Backward looking granted.

[gbh2] 15/5/2017 15:00

I'm not expecting anything until Next week, I'd like to see 210p + by ex dividend date.

[banksy] 15/5/2017 14:54

Wow such a struggle today ... anyone would think you only had 3 weeks to get in for the special div ... oh you do!

[imdtrading] 12/5/2017 20:53

hxxps://static.woodfordfunds.com/prd/2017/05/2017-05-Recent-portfolio-activity-transcript.pdf

[gbh2] 12/5/2017 19:27

Should buy a modest house somewhere in the UK and if more is needed there's another Million plus still in the account!

[jugears] 12/5/2017 18:55

Don't know of many house builders that supply solicitors, but what do I know I have only been in the industry for nearly 40 years.

[baracuda2] 12/5/2017 18:19

Spoole, if you have sold out you don't need to be concerned or posting here do you!!

[jugears] 12/5/2017 18:07

Baracuda2 Totally agree, Unlike ppi purchasers solicitors are at fault for not advising weather lease hold was good or bad, Sorry but if you don't own the land don't build on it, Not sure why one of the directors has sold so many shares, unless he is about to leave ?

[baracuda2] 12/5/2017 17:32

Well I can see why you've posted your last comments especially now you have sold out. The lease issue has been blown out of proportion and people like you are just trying to scare investors to sell so you can buy at lower a price. Customers who purchased a property with a lease should of read the small print, it's there own fault not the company's. It's about time this discussion about lease ended

[spoole5] 12/5/2017 17:02

Sold out this morning first thing, the leasehold scandal is only just beginning and has the potential to be ppiesque. I still am yet to find solid answers as to how many properties this applies to and as such there are too many risks here now. The money put aside does not cover buying back the freehold which is ultimately what any legal challenge will seek to achieve, plus damages, compensation and legal costs not to mention reputational damage.

[spoole5] 12/5/2017 16:34

https://barcode1966.wordpress.com/2017/05/02/some-questions-raised-by-the-taylor-wimpey-offer-to-spend-130m-to-rectify-the-leasehold-house-scandal/

[optomistic] 12/5/2017 14:27

I see the finance director Ryan Mansold has disposed of 230,000!

[baracuda2] 10/5/2017 15:27

I think you all should draw a line under this lease issue now, I think enough has been said!!!

[dr_smith] 10/5/2017 13:25

Jugears.
Don't know if that's me, I am a longish (2 year) holder and here for long term.
Past work has means I am more familiar with property law than most, but ethics transcend law and good business.
Not clear from your post if you are saying you are happy to hold TW or you are advocating people don't buy TW property (with lease clauses) - which would be talking TW down.
For me it is an investment, try to be unbiased, talking factually.
Good ethics is good business for TW, shareholders and house buyers alike.

[jugears] 10/5/2017 12:51

Sounds to me that some people on this site have missed the TW boat & are trying to talk it down Again?!You have to be really thick to buy a house with lease hold Land (other than a flat where you have no choice) It never surprises me how little people go in to these things Without fully researching it properly. I have learn't long ago in business never to trust any ones advise & the same for investing my money, do your own research & if your not sure about something ask & get them to explain it in a language you understand before you sign anything.

[dr_smith] 10/5/2017 11:39

Leasehold has long been a good investment and is an essential tenure in the property market.
It is not possible to exist purely on F/H.
Living in a flat which may be on first, second, third floor means not all can own f/h.
Laws are in place to protect ground rent from escalating at more than nominal rates.
That has been so for many decades, so a norm.
OK property may not be multi-story on current storm, but same legal basis.

Sue solicitors. Yes, absolutely agree, as a prime caourse of action for buyer.
Sh*tty property co will struggle to sell homes to reluctant buyers, other property co's can sell quicker, having reputation which is a deciding factor on any transaction for like value.

[hernando2] 10/5/2017 11:38

I have had two leasehold properties in my years , and each time i bought the leasehold was reset to 999 years at 1 or 2 pounds year if memory serves, and that is the way it worked for most people buying leasehold.

Having said that I am now freehold. But my next door neighbours property is leasehold and they are charged 100 pounds a month by the owner of the leasehold, or they couldn't buy the property.

This happened when the previous owner of the leasehold sold the property to some developers who then 'did it up' and then sold it on with the new leasehold terms.
My neighbour knew what he was getting into and his solicitor warned him about it, but his wife went to school here as a girl and wants her kids to go to the same school. So they bought.

This is quite different from what the builders were doing, indeed my sister recently bought in a town in the midlands on a new build estate, the builder had a block agreement with a solicitor which was 'recommended '( really it was hard sold) my sister went with that arrangement and then had second thoughts and appointed her own, she then found out the property was 'blighted' by the new railway. the builder then said 'it was nothing to worry about' and that his solicitor did not agree and anyway it may not happen.

She had to get her own solicitor to put extreme pressure on the builder to get her deposit refunded. ( the houses were selling like hot cakes.)

My sister is over 60 and has bought and sold a few houses in her lifetime, Imagine a first time buyer.

the builders have not excelled themselves in this saga. IMO

[michaelbinary] 10/5/2017 11:21

I see your point but don't really agree.
Leasehold, hmmm, sounds like renting, rather than buying, hmmmm, maybe the rent will go up at some point !!!!!, maybe the rent will go down ?...........no never.

I could accept that one or two solicitors would miss this but not all of them all of the time. I would sue them for professional incompetence for not pointing that issue out to me.

Exactly the average person doesnt have the training to understand legal terms etc, that's why you employ "experts" to do for you. bring me back to the previous point, sue them.

[dr_smith] 10/5/2017 11:10

Agreed. Though your examples are physical, tangible and apparent.

>At some point people have to take responsibility for their own actions.
A legal slight of hand is far from obvious.

Flats and other properties have long had 99 to 999 year leases with low ground rents and laws to maintain the ground rent low and that has been the case for decades if not hundreds of years (for residential property).
The average person does not have background to know the norm in legal terms and covenants from cowboy/sharp practice - and that is what it is, that is why it is in the news and why the instigators are embarrassed by it.
Whatever way you look at it, the property company introduced the sh*tty terms for commercial gain. It is not a good way to do business, it is not good for the residential buyer, it is only good for parasitic buyers of the freehold.

[hernando2] 10/5/2017 11:09

It has been said it was 'take it or leave it' now you are a young person keen to get a new house, the prices are rising faster than you can save.

What do you? , oh i will leave it and see myself priced out the market.

I don't think it was a level playing field , but i may be wrong