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TW. Taylor Wimpey Plc

137.05
-3.20 (-2.28%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Taylor Wimpey Plc LSE:TW. London Ordinary Share GB0008782301 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.20 -2.28% 137.05 137.35 137.45 137.95 136.20 137.25 19,997,697 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contr-single-family Home 3.51B 349M 0.0987 13.92 4.86B
Taylor Wimpey Plc is listed in the Gen Contr-single-family Home sector of the London Stock Exchange with ticker TW.. The last closing price for Taylor Wimpey was 140.25p. Over the last year, Taylor Wimpey shares have traded in a share price range of 98.92p to 150.60p.

Taylor Wimpey currently has 3,536,371,169 shares in issue. The market capitalisation of Taylor Wimpey is £4.86 billion. Taylor Wimpey has a price to earnings ratio (PE ratio) of 13.92.

Taylor Wimpey Share Discussion Threads

Showing 21451 to 21465 of 45750 messages
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DateSubjectAuthorDiscuss
17/11/2018
19:09
Unit Trusts and Investment Trusts invariably have designations ie Income,balanced,growth and then,of course ,there are pension funds which are more than keen on dividend income.This yield requirement of Income and extra income funds is integral to their style of investment.If a FTSE 100 company or FTSE 250 is yielding say 50% more than the average,it will near automatically be in the Income funds portfolio.If the company was to significantly reduce dividends,it would more than likely be sold by an income fund since it no longer fills the funds objectives.Thus income fund managers don’t really have to think that much,the stocks to hold almost choose themselves.The paying of dividends might appear short term and many companies choose to plough cash flow into building the business but the paying of dividends has real long term implications.The yield should be supportive of the price which in turn allows the company to raise fresh capital at high prices.Actually,TW is very canny,it promises an exceptionally high yield but through the medium of special dividends to which it is NOT enduringly committed.(Otherwise,you can end up with an Inmarsat situation where they continued to pay annual dividends that it really couldn’t afford.Ultmately,cash flow needs necessitated a cut and the price has more than halved in the last couple of years.)

As far as the dividend is concerned,I’d be more worried about a Marxist labour administration leaning on building companies to cap dividend payments.I suppose a no deal hard Brexit could “dent” TWs eps for a period but I reckon they’d fight hard to fulfill their commitments on the dividend front.

steeplejack
17/11/2018
17:40
Worst case cenario, That's the problem everyone is doing there own thing & expecting the worst & brushing any hint of positive under the carpet.The best thing for Tw to do short term (In the worse case scenario)Is to reduce there dividend & use the money to buy cheap land for the future ,but that won't happen because we have to worry about the short term investors, I prefer the days when you bought cheap shares in the hope of capital growth & dividends were secondary.
jugears
17/11/2018
17:24
Calm down Jugs. I thought it useful to provide some pertinent analysts views re Wimps. It was available to professionals on Nov 9th. If you read it carefully, it is an interesting and positive review of how the builders will maintain their high dividend payouts even if Brexit is a disaster. They use the worst case scenario to model. Summary is that builders have no debt, and will stop / slow buying land and just build as required. Free cash flow will still enable payout at 80 / 90, which will be sufficient to maintain dividends.
disneydonald
17/11/2018
16:40
Whatever happens, it is going to take a very long time indeed before we can even contemplating forgiving the EU for their very poor treatment of the UK over this whole issue....
dexdringle
17/11/2018
16:33
up10 as I can't see you I can't have the upper hand, However if I have offended you with my banter then I am truly sorry. how can you say in one breath its got little to do with house sales, but mainly price? Price is driven by demand, lack of demand means fewer sales & cheaper prices, Fewer sales means less demand for materials & labour = cheaper build costs. As it is extremely unlikely due to Brexit that interest rates will increase to any degree for at least a couple of years, there will be a demand for new houses as I have seen by the fact that I will be working all weekend as my company is running full to capacity & will be well in to next year, when you say house prices will fall substantially by how much exactly ? where can I obtain these figures/facts? & are you talking about new houses or all the older ones that people are trying to sell for inflated prices even though many are told by there estate agents that there asking price is inflated, unlike say 10 years ago when people were happy to buy older property, people nowadays want to move in to a brand new house, Looking around our local estate agents there are very few new houses for sale & not anywhere near the amount of older property either, at the end of the day what will be will be , neither you or I can do anything about it , property prices fall, but unless production increases rapidly in 20 years time I can see the average home will be worth about 500k IMHO the housing market hasn't really started to recover from the financial crisis, Brexit may slow things down a bit but I think outside of London & the South you will see prices & demand slowly increase as there will no longer be the dependance to live in this over inflated area.I assume when 50p is mentioned you are assuming Tw's profits will fall by about 75%? I look forward to your response to my questions, unfortunately I left school without a qualification to my name & totally uneducated in the future although I did quite enjoy History.
jugears
17/11/2018
15:28
No.I’m not a fool,I’m someone who doesn’t share the same view as you.

Ah reading your comment again,perhaps you’re being facetious:)

steeplejack
17/11/2018
14:58
Steeplejack

You are a fool

you had a vote so you need to stick with that vote regardless of where we are now and what changes may have happened.

the next things you will be asking for is regular elections so that you have the opportunity to change your mind as to who is governing the country.

We need to stop this vacillation. Under a new law I am proposing, everyone gets one voting opportunity when they are 18 and that is the end of it.

marksp2011
17/11/2018
10:55
LOL

Yes and they're correct, TW. bottom line will plummet.

It's not rocket science, sell at £2.00 and buy them back at 50p, easy money.

up10
16/11/2018
19:55
Hear hear!
clarky5150
16/11/2018
18:28
Thanks for the views JUGEARS, I appreciate them.
minerve
16/11/2018
18:18
marks I agree anyone in europe could be manufacturing at lower cost but add in to that poor quality & my experience of not british manufactured goods is poor quality,unreliable & very expensive to repair even if you can get the parts, I once had a sanding machine made in Italy that went wrong & needed an urgent part it took 3 weeks to arrive Cost £15k in lost production & when the part arrived it said Anglo Norgren on the box made in Shipston on Stour Warwickshire! abut 45 minutes from my factory that says it all really, I remember years ago needing an exhaust for a Renault made in the Uk but shipped to France to be stamped & then sent back to the Uk, I think you will find that a lot of European manufacturing rely very heavily on sourcing products from the Uk (QUALITY PRODUCTS) & I don't see this changing any time soon.
jugears
16/11/2018
17:23
Jugears - calm down

TW did their own stress test which was quite severe and didn't come up with that.
The HBs have been lining themselves up for a hit. I think it was PSN the otehr day saying they were doing fewer sites and hitting them with more men to cycle them faster. The beauty of that is if there is a downturn they will have much less capital tied up in built not sold that they would have to discount and, much less half built.

i dont think we will get a no-deal as, it would be a serious calamity. I have already seen plenty of organisations moving to EC members. they don't shout about it but it is happening. Once the decision makers have gone abroad the tie to the UK is much less strong and the impacts will be felt over decades

Anyone who thinks we can be an offshore manufacturing centre seems not to notice that anywhere in eastern europe could be doing the same thing at much much lower cost.

My wintel team is in Bulgria, my tooling guys are in Slovakia, my service desks are in Lithuania and my finance guy is in Bucharest

marksp2011
16/11/2018
16:10
Some Analysis from HSBC

Some illustrations, and commentary from 8th November. Seems a long time ago ... Nevertheless, reflects the market irrationality of current share price



Our scenario assumptions of a “No deal Brexit” are a nationwide 30% fall in house prices and a 50% fall in housebuilders volumes.

The fruits of the new UK housing market recovery since 2013 have buttressed the sector’s balance sheets to net cash positions almost across the board. This enables the high free cash flow generation we forecast in 2019-2022 to be paid out in dividends (we include in our assumptions the current level of special payments). These dividend forecasts through to 2022 comprise an attractive and sustained +7% average yield for the 10 stocks at 55-65% average FCF payout ratio. This includes 8-12% dividend yields in the same period for the 3 national volume builders (Persimmon, Barratt and Taylor Wimpey) at 80-90% FCF payout ratios

We expect sector EBIT to fall on average by 33% in FY2018-20 and recover on average by 23% in the following two years to 2022. More importantly, we forecast aggregate free cash flow to grow 13% in 2019 as we expect land investment to fall and free cash flow to remain higher in 2021-22e than 2018 as absolute levels of land investment are at lower values per plot in the south. We then forecast aggregate free cash flow to slip in 2021-22 back to the 2018e level as land investment on average increases to house completions levels.

disneydonald
16/11/2018
15:42
Yep, it's going a lot lower over the near to medium term.
up10
16/11/2018
15:33
Just wants to go lower my commiserations to all holders
tradejunkie2
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