Taylor Woodrow Share Discussion Threads

[8gamsby] 10/7/2006 20:06

CITIGROUP - BUY 467p target or was it 476.I would like to see either one.

[8gamsby] 14/6/2006 18:11

The american president has retired and over 15000000 shares traded.

[8gamsby] 07/6/2006 20:26

cannot go much lower now.

[8gamsby] 02/6/2006 23:12

Whos in for mccarthy.Who are the interested parties?

[8gamsby] 30/5/2006 22:26

Some heavy buying going through after closing.Something in the air maybe?

[orange5] 29/5/2006 21:45

Taylor Woodrow mentioned in "The Mail on Sunday" as a good investment. See also page 509 Channel four teletext. Hope you find this encouraging folks

[8gamsby] 23/5/2006 18:41

So both WMPY and TWOD TOP MEN HEADING OFF TO PASTURES new.Still think they would be good in a merger.Its almost 6months now since the rumours started.

[8gamsby] 19/5/2006 21:41

A bit of relief today.I tried closing my eyes but all i could see was pound coins going into a big black hole.

[bumpy dog [new]] 18/5/2006 20:36

8GAMSBY - don't worry about it. Just close your eyes and come back in a few months and everything will be just fine.

[8gamsby] 18/5/2006 20:05

Can someone tell me what is happening.Sales are still good both here and USA. WHY the sudden big movement.?

[8gamsby] 13/5/2006 16:14

Blimey what a week.All very quiet on the M&A front.No one wants to put their head above the parapet just yet.Consolidation should happen again soon but who with.

[gsands] 05/5/2006 10:42

Should be good forthcoming trading statement from TWOD.

[gsands] 05/5/2006 10:41

Spring house prices up £4,000
Simon Lambert, This is Money
4 May 2006
Reader comments (4)
THE cost of the average home leapt up by almost £4,000 in April as Britain was gripped by a spring house price boom.

[8gamsby] 30/4/2006 20:19

Only 2 housebuilders up this week TWOD and CREST.Could be interesting but i would prefer a tie up with WIMPEY. I hope TWOD are patient.FTSE sounds good to me.Also think of the land bank TWOD/WIMPEY would have.

[8gamsby] 26/4/2006 19:01

A lot more action featuring TWOD& WMPY than any other housebuilders.I cannot think its just to do with better news from america

[lafiamma] 26/4/2006 07:30

From the Telegraph today:

Healthy house sales across the pond buoy homebuilders

Housebuilder Taylor Woodrow attracted attention as 13m of its shares changed hands, compared with the usual daily average of 3m shares. The stock, which has fallen from 436p in the past month, recouped 8½ to 383¾p on renewed chatter that it could pair up with Wimpey. Dealers reasoned that both have a large presence in the US and a merger would allow them to compete more with blue-chip housebuilder Persimmon.

Traders said the sector was further buoyed by better-than-expected house sales data from the US. Sales of existing houses rose by 0.3pc in March to 6.92m, when economists had predicted a decline to 6.7m.

Dealers were hoping for a bid in the sector, with some speculating that Bovis Homes could make a play for Crest Nicholson. Bovis Homes rose 11 to 905p and Crest Nicholson ticked up 4½ to 515p. Wimpey was trading as high as 539p a share but gave back most of its gains to close up 2½ to 528½p, while Bellway was also cited as one to watch closely and rose 5p to £11.91.

Activity in the housebuilders pushed the FTSE 250 up 17.7 to 9966.9

[8gamsby] 25/4/2006 21:49

On the move again.Big volumes recentley

[judge jury] 21/4/2006 10:13

"with the rating [of eight times forecast earnings] looking stretched" - laughable.

[lafiamma] 21/4/2006 09:52

I went long again yesterday (370-372p), today a SELL rec in the IC:

381p - Construction & building materials - A booming american housing market was a lifesaver for Taylor Woodrow last year, with a record result from its US operation offsetting a disappointing UK performance. But the US market has started to cool, and that means leaner times for Taylor Woodrow.

The US housing market broke records in 2005, with new single-family home sales up 7 per cent to 1.28m. And Taylor Woodrow's US housing division grew operating profits by 56 per cent to £200m. This accounted for 42 per cent of group operating profits, giving Taylor Woodrow more exposure to the US housing market than any other listed UK housebuilder.

But the US housebuilders' trade body expects a 6 per cent drop in new single-family home sales this year, and the rate of price growth is slowing in Taylor Woodrow's key regions of Arizona, Florida and California. So, although the order book will support volumes in the near term, City analysts expect that profit margins will come under pressure.

Taylor Woodrow must also hope that its US division copes better with a slowing housing market than its UK division did last year. Unlike some rivals, such as Persimmon and Barratt - which increased housing completions and profits - Taylor Woodrow suffered a 10 per cent drop in UK completions. Profit margins were particularly hard hit, dropping from 15.6 per cent to 12.7 per cent, after stripping out one-off profits from land sales.

In common with its rivals, Taylor Woodrow is seeing improving conditions in the UK, with a pick-up in reservations. But the economic data is still mixed. Figures from the Office of the Deputy Prime Minister pointed to a drop in annual house-price inflation in February, while surveys from mortgage banks Nationwide and Halifax show encouraging house-price increases. So it's still too early to call the full year outcome with any confidence.

Taylor Woodrow's UK reservations are slightly ahead of this time last year, but the housebuilder may lose out during the spring selling season as it is operating from fewer sites than it was a year ago. New sites are an important driver of volumes and, although Taylor Woodrow plans to increase its average number of sites by 4 per cent over the full year, this is not much compared with rivals.

It is also debatable whether UK profit margins can improve this year as reservations that have already been taken are likely to be less profitable, reflecting incentives to bolster demand at the end of 2005. This, together with the absence of property disposal profits, means that many City analysts expect Taylor Woodrow's profits and earnings to fall this year.

Speculation about further consolidation among the UK's housebuilders went into overdrive following Persimmon's bid for Westbury late last year, and Taylor Woodrow is touted as a possible candidate. But speculation has concentrated on a merger with George Wimpey, rather than a juicy takeover bid.

Shares in housebuilders now trade at their highest rating for more than a decade, driven by bid hopes and better news on the UK housing market. Indeed, Taylor Woodrow's shares joined the rally, rising 30 per cent from the start of the year to hit an all-time high of 443p in March. But the sector has taken a breather over the past month, and Taylor Woodrow has been the worst performer, with its shares falling 9 per cent.

Even after this recent underperformance, Taylor Woodrow's share rating of eight times forecast earnings remains high by historic standards - it was just six times a year ago. The US housing market has been Taylor Woodrow's engine of growth, but it's now stalling and, with the rating looking stretched, the shares have further to fall. Sell.

[gsands] 21/4/2006 09:16

Negative sentiment in the US towards builders. TWOD have a big division there. I went long yesterday - Technically a very sweet entry point, right on the 200 day EMA and RSI at 20!

[8gamsby] 20/4/2006 19:41

Down over 15% in the last 3weeks just what is going on?

[yewtrees] 20/4/2006 19:24

Can I ask a question, why the fall today?

[8gamsby] 05/4/2006 20:22

Lots of reasonable size deals gone through in the last few days.I wonder if anything is going on behind the scenes?

[bigbertie] 05/4/2006 12:03

there seems to be a phantom message on here. no 327 is not shown, so I can't cancel it - it always looks like an unread message............

edit - that's better. message 328 seems to have cleared the problem!