Taylor Wimpey Share Discussion Threads

[tlobs2] 28/2/2018 08:24

It's a good job the results were so good and the outlook so positive or else this cash generative company with huge reserves and land assets might have dropped 10% or more.

It's crazy.

[baracuda2] 28/2/2018 08:23

Another opportunity missed to sell out and buy back!

[baracuda2] 28/2/2018 08:17

Well I'm amazed at this

[beercapafn] 28/2/2018 08:11

Well down 2% is not what I was expecting on those results.

Very dissapointed with share price reaction.

[gbh2] 28/2/2018 08:09

Results almost academic these days, share price will be more interesting as we approach ex dividend dates!

[fangorn2] 27/2/2018 20:38

@1carus
.Our obsession with all wanting to live in the same place does make the UK seem over built, but I am sure I saw a survey last year that showed that less than 3% of the uk was actually built on- and that included tarmac!

Yep spot on

That's why I highlighted England. The problem is so few want to go to Wales or Scotland - who can blame them!

UK as a whole plenty of room. England - overly congested,with much building on flood plains etc.

Automation is gonna have a massive impact in the next decade on the workforce - working habits will have to change. This gives massive opportunities in the way we work and how we live for the better.

Absolutely agree. Pluses and minuses.

However, the unskilled labour force will take a massive hit which I can see leading to huge social problems. It will result in enclaves of populations without work.

Again,concur. Extremely worrying for obvious social problems, hence the chatter in various parts of the world for a "Universal Basic Wage"

Eg More Americans now support a universal basic income



Quite who pays for this free money for doing no work is anyone's guess!!

My guess:

1) Appropriation of assets/wealth from all those with more than "X"
2) Higher Corporate Taxes
3) Robot Tax.

For the rest of us, some form of barter economy will be needed to offset the huge cost of living but only receiving a basic wage that will buy very little.

[fangorn2] 27/2/2018 20:32

beercapafn27 Feb '18 - 15:52 - 19634 of 19635
0 0 0
Fasngorn2. What piffle.

!. House builderts are now very comfortable with the use and release of their land banks.

Eh what?

I never said they were not comfortable with the use&release of their land.
What you waffling about.

.2. England is alrerady to congested. Really...

England has the highest population density alongside Holland in Europe , outside of principalities that is.

Note I am saying England,not UK.

[1carus] 27/2/2018 17:24

Fang --- I am not really disagreeing, there are many infrastructure issues and resource issues. But a consistent 5% increase as RTGT suggests and the fact that TW in particular has land in the bank to release at will presents little risk. Why flood the market with houses when it is better to just keep the supply of new properties just slightly behind, or at the moment a long way behind, the demand.
As one of those evil btl landlords I can see many rented properties being placed on the market in the next two years as the rate of return is too low and risks/paperwork too high unless you have at least 40% ltv (which I don't btw). In any case my property will be moving out of the rental sector into private hands. If other landlords follow suit there will be many properties moving out of rental and many more people looking for homes, unless the tenants can buy. ( Which is my case)
The gov should regulate the earnings multiple times the loan period. The lenders would then have to compete purely on interest rates but it would set house values set on earnings distributions not 'wild' market factors. As for a price correction, I think even in the 90's it was 6-7 years for prices to recover from a 40% fall, which in the scheme is not that much time at all, and I can't see that happening.

Our obsession with all wanting to live in the same place does make the UK seem over built, but I am sure I saw a survey last year that showed that less than 3% of the uk was actually built on- and that included tarmac!

Automation is gonna have a massive impact in the next decade on the workforce - working habits will have to change. This gives massive opportunities in the way we work and how we live for the better. However, the unskilled labour force will take a massive hit which I can see leading to huge social problems. It will result in enclaves of populations without work. ( Sounds doom and gloom but its going to happen)

[beercapafn] 27/2/2018 15:52

Fasngorn2. What piffle.

!. House builderts are now very comfortable with the use and release of their land banks.

2. England is alrerady to congested. Really...

[raffles the gentleman thug] 27/2/2018 15:39

Don't know what everyone is fretting about - sale prices are only going up in line with inflation five of take a percent so no big drama at all

[fangorn2] 27/2/2018 14:53

@1carus,

How much do you think housebuilders could ramp up production out of interest?

I'd be more concerned where they're going to be built. Too many now erected on floodplains.

What of additional infrastructure needed - impact on power generation nationally(Electric/Gas), Water provision& sewage.

Simply isn't room for such rapid expansion imo. England is already too congested as it is.

And so many people cant afford to buy their own homes it seems.

Not a recipe for a happy country

[1carus] 27/2/2018 14:35

Fang... not sure if it is unsustainable... I agree that the rate of house price increase is, sooner or later the lenders run out of the 'x' in the 'x' times joint household income and the number of years you can borrow over. The builders deliberately build slowly from big land banks and have refined their models since 2008 somewhat. I think it will be unlikely that the likes of TW will be caught out again. If interest rates rise, it will have an impact on what can be paid back by the average Joe but as a balance it increases net earnings which in turn will allow greater borrowing. There might be an adjustment to house prices, but I can't believe it will be anything like the early 90's other than very localised areas, and on the whole it is unlikely to affect the builders.Good for the next 5 years I think.(Just my opinion)

[fangorn2] 27/2/2018 13:05

Persimmons average sales price £213,000.
Crumbs where are they selling exactly.

Completions, 16,043 vs last years 15,171.

Multiply that across all the main builders and you can see why Supply of homes has not met the rocketing demand of 300,000 net people coming to UK each year. Hence eyewateringly high house prices in many places.

Unsustainable

[bookbroker] 27/2/2018 08:40

Building houses the easiest way to make money by the looks, incredible returns here, and yet houses are grossly over valued when you consider the investment into the product, thinks how many billions car companies spend on technology, yet builders biggest cost is the land bank, ever increasing return on value, and the houses get smaller.

[raffles the gentleman thug] 27/2/2018 08:32

Yep the market has been calling this sector just a little bit wrong

[tlobs2] 27/2/2018 08:26

Persimmon up 12% today. Bodes very well for the sector.

[beercapafn] 27/2/2018 08:18

WOW.. Great start for the day. Looks like a re-rateing for the sector.

[raffles the gentleman thug] 22/2/2018 09:52

Another gift of an opportunity to buy more TW when whole sector getting whacked on rising US bond yields which are a complete irrelevancy to cost of domestic U.K. mortgages where our central bank Governor could not have been more clear that he wishes to continue remain behind the curve on tackling inflation.Personally think a lot going right with TW business model, thanks to expectations of just three rate rises through to 2020, rising wages, elimination of stamp duty on their average house sale, but most importantly the rapidly growing availability of finance for first time buyers - if anyone listened to LLOY conference call yesterday they would have learnt that they are providing an incremental £30bn of funding to first time buyers in the next three years

[gbh2] 21/2/2018 16:11

I picked up a few more this morning plus some CRST; my capital on these is currently negative, looking forward to the dividends to make up the difference.

[raffles the gentleman thug] 21/2/2018 15:19

With Mark Carney now saying he only sees THREE rate rises over the next three years this has in my opinion become a bit of an easy sector to buy

[tlobs2] 21/2/2018 10:53

Property asking prices in the UK jumped by more than £2,000 in February, pushing average prices over the £300,000 mark for the first time since November.

Property portal Rightmove, which tracks 90pc of the UK property market, reported "record activity at the start of 2018" and found that the average asking price across Britain in February was £300,001, up 0.8pc, or £2,414 from January.

[martyn9] 21/2/2018 10:47

Barratt,excellent interims and share price dragged down,gbh2 your theory appears correct good news and everyone sells.Lets assume TW does also.Laughable.

[doyden] 20/2/2018 15:51

A nice tick up today. Onwards and upwards. Let's have yet another stab at £2!

[gbh2] 19/2/2018 14:30

I don't think it matters how good the results are, the share price will head back down and wait for buying to recommence at a lower price in the run up to ex special dividend date.

[jugears] 17/2/2018 16:28

I only gamble on shares the odds are always 50-50 & you always get something back.