Taylor Wimpey Share Discussion Threads

[wfl1970] 09/3/2020 15:07

Jug, To challenge your one sided view, your theory also applies in a rising share price as well... Sitting waiting for your £3.00 has worked against you in this case. ;)

[jugears] 09/3/2020 14:35

Knowing full well that these like all stocks will recover & having missed out on the chance to buy more shares after Boris came in to power I decided to pick more up at 1.85 & whilst they may go down possibly to 1.30 again I have plenty more cash now so will buy some more, Whilst you may think waiting is a good idea, from experience You just don't know from one day to the next which way the shares will go or where the bottom is & at 1.85 will still make more than in the bank for the next 20 years, I did have a chat with some of my sites first to see what impact CV was having on sales, I will let you work out the answer to that.

[battue2] 09/3/2020 12:11

Steeplejack Excellent sensible post.

[jugears] 09/3/2020 10:29

A nice bumper dividend for me this year then.

[steeplejack] 09/3/2020 10:21

Ah the old demon marketmaker!I think their role is much misunderstood nowadays.The MMs are not the jobber position takers of old.They like nothing better than going to bed with a square book and in markets like these are reluctant to get caught with a capital sucking commitment.In these markets they will simply facilitate buyers and sellers.Oh sure,they’ll open the market sharply lower but that doesn’t mean they’re short of the market.Actually,they’re running scared of taking positions and will contract their book to avoid exposure,hence volatility.If you are a long term investor then your perspective is totally different from the day to day market operatives and history shows your approach is the right one.Yet,sometimes it’s clearly sensible to take money off the table if only to keep your powder dry.This isn’t always dictated by a reappraisal of a company’s prospects so much as an an appreciation of the market mechanics.There are likely to be a good deal more sellers than buyers in the coming weeks imo.If you’d sold numerous large cap stocks last week(Scottish Mortgage Trust for example)you can buy them back 15% cheaper today.That’s not to be sniffed at.It might just be a bump in the road over the long term but sometimes it’s a real relief just to take a turn and go to the sidelines.As Warren Buffet comments,it’s only when the tide goes out that you know who’s wearing bathing trunks.Sometimes a short term decision to sell can be triggered by real concerns about the state of dress of your fellow investors.

[jugears] 09/3/2020 10:03

Steeplejack, Just like the financial crisis we will see an end to the highly indebted poorly ran companies this is inevitable, But the strong companies will survive & thrive, I have been around long enough to see that the market is oversold many times over & have no doubt that it will get worse in the short term but every cloud has a silver lining & IMHO this cloud has a golden one. When I invest I look 2-5 Years in front not 2-3 months you have to look at the wider picture just like running a very successful business. I think when you do run you own company it gives you a different perspective to investing. I haven't sold any shares in Tw as now I get a substantial dividend the share price has become irrelevant to me, for now the lower they are the more shares I get for my dividend that will be worth a lot more in the future. I have said before this sell off has more to do with financial gain for the mm's than it does the CV.

[steeplejack] 09/3/2020 09:36

There might be panic about the virus itself but what the market is concerned about is collateral damage.Businesses go to the wall,banks feel the stress.Wall Street was only recently hitting new highs and the scope to take profits is considerable.Quite feasible that the S&P falls 20% from here and that's going to drag our market down with it.Our market is little more than a sidekick nowadays.One accepts the inherent quality of some companies can be enduring but the idea that one buys and buys on dips seems to suggest inexhaustible funds.I sold here last week and have sold other stocks for a good profit this morning.After the expected pause for thought,redemptions are going to flow in and active fund managers will be compelled to top slice.

[jugears] 09/3/2020 08:56

There is no crash other than panick sellers & happy to wait 5 years, total madness but for me couldn't have come at a better time, This is going to create more wealth for me long term than I ever could have imagined.

[eeza] 09/3/2020 08:34

Market took 5 years to recover from 1987 crash.

[uknighted] 09/3/2020 08:34

Never attempt to catch a falling knife!

[jugears] 09/3/2020 08:26

Think I have died & gone to heaven best day on stockk market for years just don't know where to put my money first, totally over done but bloody fantastic for long term investors like me watching the markets very carefully & ready to put my entire cash reserves in the markets over the coming weeks because when this is sorted in the second half of this year the markets will recover just as quick & probably see shares go a lot higher than they were

[clarky5150] 09/3/2020 08:10

Hedged a short spreadbet on this for 75% of my holding first thing.hopefully this won’t continue but at least limited damage till sense prevails.

[wfl1970] 09/3/2020 08:08

Oil is down over 25%

[gbh2] 09/3/2020 07:55

Yep could see me out of the stock market completely today :(

[uknighted] 08/3/2020 12:56

Pawshe since the panels were saving me £1000 utility costs per annum then yes that was a contribution to capital outlay. The panels and installation cost me £9900 and I got in early when the rates were at their best. It certainly isn’t so attractive currently.

[delboy45] 08/3/2020 11:35

They held up well against the market!

[pawsche] 08/3/2020 11:30

@uknighted... You say that the income from your solar panels covered your running-costs for energy, did it go any way towards recompensing the capital outlay on the installation? Just interested.

[jugears] 07/3/2020 23:22

Your extremely lucky then !

[uknighted] 07/3/2020 22:12

Jugears I had solar panels on a 4 bed house, the income paid for all my gas and electric usage, but then I had uPVC windows and doors also. I can only speak from my own experience rather than generalising.

[eeza] 07/3/2020 21:09

"Pete Redfern, the boss of Taylor Wimpey, said firms have been told to prepare for an October deadline. 'We just don't think that's workable – there's just not the supply chain.

Having a much longer run-in period… we'd actually grab. Sometimes doing things better but taking a bit longer is the right result.'

[disneydonald] 06/3/2020 23:20

Hi Martyn, or maybe just stay away from anyone who is coughing. I’m sure you’re going to be fine for many trading years to come. 😷