Taylor Wimpey Share Discussion Threads

[gbh2] 09/10/2019 19:10

We have different requirements Jugears, I paid a hell of a lot of CGT 1999/2000 on a 50p/share punt that I sold off ca £12/share after holding approx 15 months and retired.

I'm also enthusiastic about TW's future, I will retain a few along with some Lloyds shares for my grand kids. I'm looking forward to getting the oldest into understanding the way the markets work, in a few years time - That's if she's not too busy living it up as a teenager :)

As for my own future, it's taken care off financially and the cash I keep for myself is now in an ISA to avoid CGT, what I do daily with shares is purely for interest, enjoyment & the challenge.

[jugears] 09/10/2019 18:14

gbh2- well better than the building society but not enough for me,my main priority is buying a lot cheap & I plan on doing this around 1.30ish if they drop that far!, Whilst this price would be painful to my other holding I would have been no better off had I sold all my holding at £2.00 due to the amount of tax I would have to pay & as the loss is only short term & on paper , I have no worries about picking up as many as I can cheap over the next few weeks to add to my holding, the problem is there are now 100's of shares out there that have a 25% upside once we have clarity on brexit that I am tempted to invest in as well but just don't have the time to watch them. Despite all the gloom on this site from the people I talk to I am expecting a satisfactory report from Tw. & these to be pushing £1.70 by the end of the year.

[gbh2] 09/10/2019 17:54

Jugears - 2.26% profit, disregarding the fact I was holding them ex divi. So more cash to come.

[jugears] 09/10/2019 17:23

gbh2 was that at a profit or loss ?

[gbh2] 09/10/2019 17:15

Yep, I bit the bullet first thing and got rid a 20% at +146p, reinvested throughout the day in less UK based operations.

[jugears] 09/10/2019 16:33

I Know- MONEY MONEY MONEY springs to mind I see 1.30 as a definate now before a rise back to the 1.70, This share has become so predictable that I may buy extra & start trading them 1.30 -1.74 each years will be a nice little earner me thinks until the markets settle down a bit. although I would never sell my original purchase which I believe now has substantial future upside & have now raised my future target price.

[wfl1970] 09/10/2019 16:20

Soon be there Jug.

[1carus] 09/10/2019 13:10

Jug -- tending to agree, they are trying to square two different circles. Never was and never will happen. Leave with wto now, spend two years listening to Industry on what needs to be resolved so that commerce continues without any major impact. Any changes from the current norm will be over time and sectors can be well warned in advance of what the new requirement is. You can't simply negotiate this for everything in a one go and implement it unilaterally... beggers belief! 3 years wasted. Or just stay in and tell the population they were all plebs and deal with those consequences.
Black and white now.

[jugears] 08/10/2019 12:46

m4rtinu -the whole thing has been blown out of all proportion, its dragged on so long now I don't care what deal we get just so long as we leave in a few weeks time.I am sorry to say but leaving without a deal is looking more attractive to me every day as I think it will be virtually impossible for all sides to agree on anything, At least from a business point of view once we are out we can get on running our companies in the direction they need to go in, deal or no deal! The longer it drags on the bigger the negative impact it will have on the uk economy.

[m4rtinu] 08/10/2019 12:37

Jugs - I guess there is exaggeration on both sides of the Brexit debate.

[jugears] 08/10/2019 11:34

Up10- I have survived running my own company & investing for 37 years, As for shares, Buy when others are selling, I have plenty of cash to add more as the price falls & Your Right in 2-3 years time I will definately be laughing- All the way to the bank!
If you want to make money you have to take risks & be very patient, whilst any investment is risky, the long term future of Tw is very good in my opinion & as the share price falling is irellivent to the performance of Tw at the moment & purely connected to brexit then I see no reason not to buy when the share price dips & although it is possible that due to market uncertainty these could fall unjustifiably to say a pound they will recover. IMO anything below 1.50 will be double in a few years, It does make me laugh when you say SELL SELL SELL, you need to get some f-----g balls mate!

Out of interest can you explain why you would sell shares in a company that generates profits & has a proven tracked record with excellent future prospects? surely not the way any savey investor works especially if you don't need to sell them & in any case as a high rate tax payer I would probably have to pay 50p per share tax on my substantial profit so where is the benefit?

[wfl1970] 08/10/2019 10:56

In a down trend.

[m4rtinu] 08/10/2019 10:35

And further away from mine ;(

[jugears] 08/10/2019 10:29

Getting closer to my 130 target.

[jugears] 07/10/2019 11:48

Long term holding & taking dividends as shares is working just fine for me.

[wfl1970] 07/10/2019 10:31

Just like all other games... There are both, winners and losers.

[gbh2] 07/10/2019 10:26

Depends upon ones game plan, I've been selling prior to the dividend for years, except for when it suits me to retain and build on a holding that I feel is more secure than anything else in the market.

We all have a choice and a right to make it and or change it whenever it suits our needs or desires, quite frankly there's no right or wrong if you have the cash.

[marksp2011] 07/10/2019 09:35

A golden rule of TW investing
never take the dividend, Sell before the XD and if you have the urge, buy back in a few weeks later

[marksp2011] 07/10/2019 07:14

It is common that 1/2 conveyancers are used. It is much much faster as the builder discloses all the info on all the plots in one go to both and everything can be done in bulk.

If the conveyancer fails to do the job that they are paid for they have indemnity insurance that can be called on.

Personal view is that when you are sent documents it is wise to read them and if you dont understand then ask.

[eeza] 06/10/2019 21:00

But, regardless, still the responsibility of the conveyancing solicitor whether he has been recommended or not.

[sikhthetech] 06/10/2019 20:20

Mark

"Your conveyancing man works for you not the housebuilder. If you feel that the person you have paid to protect you didn't bother then, you have a case against your man via the law Society."


What if the housebuilder pressurised the customer to use their solicitor??



Parliamentary document...

Housebuilder's were recommending the solicitors to use...



While developers have been accused of providing misleading sales information or
imposing onerous terms in leases, ultimately it was the responsibility of conveyancing solicitors to ensure prospective purchasers of leasehold properties were aware of the ownership structure and lease terms and their effect. It is the conveyancing solicitors, as opposed to the developers, who could be legally liable for failing to highlight these terms to prospective leaseholders. It was concerning, therefore, to hear several reports from leaseholders that they had been advised, incentivised or required by the developer to use a specific conveyancing solicitor, who subsequently did not advise them of onerous terms in their leases.

[sikhthetech] 06/10/2019 20:18

WFL,

Yes, the whole leasehold scandal is a can of worms...

I mentioned it some time ago... connected with Help2Buy and it affects several housebuilders...


sikhthetech - 13 Jun 2019 - 13:56:16 - 23094 of 23896 Taylor Wimpey - TW.
"Between 2013 and 2018 more than half the sales in England made by Redrow, Bellway, Taylor Wimpey, Barratt and Persimmon involved Help to Buy."

"Fran Boait, executive director of campaigning body Positive Money, said: "It's now beyond clear that rather than helping those who can't afford to buy a home, Help To Buy has mainly been a subsidy for a housing bubble, benefiting property developers and existing home owners.""