Taylor Wimpey Share Discussion Threads

[maxharry] 22/4/2010 08:22

come on lets smash 40p once and for all...

I am not greedy but this has realy tested my patience....Now the reward...

Good luck all...

[the_analyst] 22/4/2010 08:20

Market likes what it's seen from PSN.

Who reports next....BDEV?

[gbh2] 22/4/2010 08:18

imo There was always a game to be played out with the 25p TW shares, in my case I purchased them with cash that I had to be returned within 30 days, so those I purchased were sold back for 38% profit on cash that simply wasn't mine.

Hopefully game now over and this'll return to trading "normally" especially as house sales improve.

[jibba_jabba] 22/4/2010 08:14

Long auction there, i'm away at 9 for most of the day..

[the_analyst] 22/4/2010 08:11

Interesting that PSN's share price is almost exactly 20% up from a year ago!!!!

[londonfinancial] 22/4/2010 07:59

We have been at 38p for a year , a 20 percent improvement should give us like for like 45.6p still undervalued but like for like on last year .

[londonfinancial] 22/4/2010 07:58

40p will be ok , a penny a day .

[grax] 22/4/2010 07:57

I don't think we'll see a great deal of change today.I think we are still in a mode where the big boys are still punishing the housebuilders if their updates aren't explosively good.
They know there is an underlying interest in the sector from PI's etc and things are continuing in the right direction so they can still take money out of them until someone comes up with some stellar figures.

Obviously I'd like to see a huge surge upwards but can't see it happening in the current climate.

[londonfinancial] 22/4/2010 07:56

As Land prices are set to rise it makes sense to buy land before reducing debt .

[the_analyst] 22/4/2010 07:56

TBH, imo, the psn statement is as good as you gonna get for the last 1/4, traditionally the quietest for building and selling properties. Yet they made profit, acquired land, reduced debt and have the financial grounds to enter the "approach our traditional peak seasonal working capital requirements" phase.

And they are fairly upbeat in that: "With margin improvement underway, cash generation remaining robust, and our high quality consented and strategic landbanks, we are in a strong position in the UK housing market to deliver profitable growth."


How the market reacts to the above is anybody's guess though!

[gbh2] 22/4/2010 07:42

I suppose with interest rates being at an all time low, it would make sense to acquire Land at current rates rather than wait until prices being to climb again. However if that is the path they've taken I hope its quality Sites they've been seeking out!

[leopold555] 22/4/2010 07:41

Been watching for a while and will dip my toe in this morning. Housebuilders will move up this year IMO

[spennysimmo] 22/4/2010 07:35

Although it does read like they have recently focused more on land acquisition than debt reduction.

[spennysimmo] 22/4/2010 07:30

That I agree with ;-)

[gbh2] 22/4/2010 07:29

Looking forward to them and to ending the week over 40p ;))

[spennysimmo] 22/4/2010 07:25

They did, £1.5b down to £750m is the direct comparison. Now it is time for the current figures and activity. If tw. did as well on their forthcoming update then their debt will have reduced to around £743m

[gbh2] 22/4/2010 07:24

If TW can do as well on year to year debt reduction, I'd be well pleased.

[spennysimmo] 22/4/2010 07:22

I agree these figures are encouraging. I am referring to the debt as that is tw.'s biggest issue. PSN quote debt at £265m, down from £600m at the same time last year. What they don't point out is that three months ago at year end results it was £267.5m. Let's hope tw. have had more success in this area. Debt levels are not well down too.

[gbh2] 22/4/2010 07:16

The following looks very encouraging imo:

Total sales, 20% ahead of last year.
Sales volumes are c. 11% ahead
Weekly visitors per site are constant with good conversion to reservations. Cancellation rates remain at historically low levels.
Debt levels well down too.

[spennysimmo] 22/4/2010 07:12

Very average update from psn in my opinion. Their debt has only reduced by 2.5m since the end of year results.

[the disciple] 22/4/2010 03:41

unbelievable... Although as i understand the UK market is no where near as bad as the US ...

[the_analyst] 22/4/2010 00:05

Purchasers Queue From 4.30am To Bag A Bristol Apartment

[spennysimmo] 21/4/2010 19:19

I wonder what direction this chap is trading in.