Taylor Wimpey Share Discussion Threads

[martyn9] 08/11/2019 11:26

It can be dr,smith but it suits me as can hold shares in my nominee account and just pick up the phone and buy or sell at anytime without the hassle of sending share certificates back and fourth.
Each to their own i suppose.

[dr_smith] 08/11/2019 10:58

Sorry Martyn9, but that would infuriate me, not being able to spend my own money and worse, not being able to re-invest, missing opportunites while broker sits on MY money.
There is no excuse in the age of the computer.
I do agree though on making triple sure of standing if co went t*ts up.
edit. Mine also rec'd today.

[martyn9] 08/11/2019 10:22

Lucky you, i receive mine via my broker begining of the month, but it's a reputable broker and money safe.

[gbh2] 08/11/2019 09:54

I expect to see the Dividend in the Halifax today but IG like to keep hold of it for a day or two so I don't expect to see that until Monday, at best.

[uknighted] 08/11/2019 09:24

Dividend received ....and spent!

[peteret] 07/11/2019 12:43

Dividend Bloody corrective tuxt

[peteret] 07/11/2019 12:31

Divide tomorrow. Results next week. Hopefully good to get us past 170.

[m4rtinu] 07/11/2019 09:35

I've probably said this a few times now but 170p proving a real sticking point.

[eeza] 05/11/2019 18:04

PSN dragging the tone down, again.

[dr_smith] 04/11/2019 09:45

LG. I am the same, retired and SIPP/ISA/Dealing a/c my whole income. Income can be generated from cap gains too and to ignore co's:
i) that make big cap gains but have small/zero divs (as they use money to expand)
ii) some co's may have high div but not the earnings/prospects, so share price falls and your long term return (pension value) falls.
I therefore genuinely don't see the point, other than the tax angle.
But, I do respect we are have different takes and aware many are driven by the divs.
I find it hard to identify co's with good futures on business issues, so to take an arbitray view of dismissing co's that pay low divs because they want to pump all money into a ripe expanding sector, say, would be missing out on the cream of the crop.
Not being provocative, have strong view on my own approach for myself, BB chat's not best for dialogues. I do share your other investment criteria in choosing:
>low PE, rock solid balance sheet, and a decent outlook with housing in continued demand.

Also agree though in TW context, HB's are are amongst the best for PE & EPS.
EPS has even grown in last 2 years, it seems disproportionately high, so have expected this to attract more buyers, so as share price increases the EPS (on macro view) goes back down more in line with most FTSI co's.
Brexit has been long term cloud, so hoping/guesing that is reason and happy to sit patiently for medium term rectification.

IMO. :-)
Dave






Dave

[craftyale] 04/11/2019 09:34

It's about priorities.....some families teach money management to their children who will go on to buy a house. Some families queue up at Pandora, the Apple store etc and use their right thumb to scroll social media as they drive a 'new' car. I see both my children buying houses at about the same age I did, and with the help of equally minded partners, I see a successful outcome. In a changing environment....adapt and overcome.

[craftyale] 04/11/2019 09:27

Ok thank you. Call me boring but I'm a long term holder who: reinvests the div and likes to keep things simple. As you say....attractive PE, good business model, no debt and good yield. Holding over £100k and sometimes puzzled by the points made on this thread.

[uknighted] 04/11/2019 09:09

And next divi Friday!

[lord gnome] 04/11/2019 08:57

Crafty - My post contained nothing new and was just a regurgitation of publicly available numbers.Dave - for me the dividend is the main attraction. I invest for income to support and supplement my pension. In TW's case the dividend is supported by a low PE, rock solid balance sheet, and a decent outlook with housing in continued demand. A solid investment.

[craftyale] 04/11/2019 08:35

Lord Gnome,Apologies for asking a question regarding the 'obvious'......can you summarise what the 'obvious' bit is. Thank you.

[dr_smith] 03/11/2019 12:25

Lord Gnome.
Always good to have a recap, I often have conversations with myself and during Brexit I have stood back awaiting for the fog to clear.
The figures you give are much same as sharecast, probably the same data source:


In a friendly way, I have to say, divs are ..IMO.. largely irrelevant - atleast in context of HB's.
The EPS is all important and divs are merely how much are handed back to s/h's, that could otherwise be invested in co's future, implicitly for a compounded return.
As HB's don't want to expand too much, to avoid boom and bust, they have extra cash to hand back in form of special divs. Some investors (insti's and PI's) may like steady & known flow of divs, but over 2+ years it all averages out.

I appreciate some PI's will be taxed differently, depending on cap gain/income split, but for myself, I tend to focus on earnings and outlook and ignore div payments, seeing them as managements way to either rollover profits to invest in future, or return to s/h to avoid "dead cash" sitting on books.

Dave

[lord gnome] 03/11/2019 11:38

According to Stockopedia, the current forecasts for year end 31 December are for:

Earnings 20.3p
Dividend 18.2p
Cover 1.12

The dividend / cover forecasts are distorted by the special dividend from the company cash pile.
The 'standard' dividend is 7.6p going forward and the anticipated special dividend to be paid next July is for a further 11p per share.

The year end 2020 figures are almost identical.

Apologies if this is a statement of the bleeding obvious, but it has helped my own thinking to have a recap.

[baracuda2] 03/11/2019 08:40

Cheers gbh2

[gbh2] 03/11/2019 07:20

Last I found on the web:

"There are typically 2 dividends per year (excluding specials) and the dividend cover is approximately 1.2."

However stockopedia have it at 1.39:

[baracuda2] 02/11/2019 19:18

What's the current dividend cover for TW, anyone know?

[dr_smith] 31/10/2019 11:17

Thank-you Mark,
Interesting on several aspects.
I assume the figures are the average increase p.a. over the 5 years inclusive of divs (as it says total returns) - and given your TW share price flat comment, that echoes increase is the divs.

I personally measure my folio against ftsi from start of each year and presently at 23.64% up with ftsi 6.32% up, and my folio is about 65% HB's (and SMDS).

As an investor, I don't rate FTSI for comparisons, as this includes dead ducks, and the biggest monolithic co's cannot be expected to expand much.

I find media articles on a chosen timeframe of x years can hide a true picture, but 5 is good as it bridges past Brexit.

In comparing peers, in the past I have noticed that some don't do so well, reading share price over several years, so avoid them, only to later see share price bounce back, so my gut tells me they are very similar over medium term and that suppsed inefficiency can well be low sentiment awaiting a bounce back.

My key crieria in choosing is the forward EPS and div compared to share price

I haven't done much buying/selling since I reviewed my folio pre prexit, keeping HB's as growing population on an island is a given that won't change.

Brexit does cloud issues, making our normal share selection criteria secondary, so will be pleased when it (zzz and election) is out of the way.

Then, many many businesses that have been holding back with their plans can implement them and employees will have the clarity and positive mindset to plan family stuff and house moves.

IMO
Dave