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Strong buy with a great dividend and tradeable moves to augment. The housing recession is not materialising folks and the rates are going down.
Back to 170p before you know it.
Jefferies raises Taylor Wimpey price target to 143 (132) pence - 'buy'
Hmm, bought in this morning, feels like the bottom for house builders, good trading update, like the dividend yield and policy, hopefully be here for a few years as interest rates come down and house builders go up
Labour have some ambitious plans for house building and lots of pent up demand out there
Good luck to all investors
Extremely satisfied to remain invested here! Against a difficult economic background.
Sitting tight for the long term!
Group operating profit to be the top end of guidance.
Taylor Wimpey has delivered a resilient performance in what continues to be a challenging market backdrop, reporting a robust sales rate and strong financial position, and reiterating our full year 2023 UK volume guidance in the range of 10,000 to 10,500 homes. Due to our focus on optimising price and sharp cost discipline, we now expect Group operating profit* to be at the top end of our guidance range of £440 million to £470 million.
Cereus agreed did not favours for us at all
Wimps are actively seeking out opportunities for the Spanish business, and by the sounds of it likely at good margin. Without reading too much into this, seems Wimps are comfortable continuing to develop the business and invest, which should bode well for upcoming trading update. If things were bad, I suppose they would have deferred or declined this deal.
https://europe-re.com/quartiers-sells-altura-160-project-for-8-7m-to-taylor-wimpey-es/72313
The government will do all it can to help first time buyers not realising that the demographic that votes for them are those who worry about IHT! One reform there , that would help reduce inflation, through lower food prices is to remove IHT relief for farmers as so many people buy land just to avoid IHT pushing up farm costs for the genuine farmers. Jeremy Clarkson excluded.
The housing programme last night on television did not do us any favours .The leasehold con has got to stop .No one in their right mind would buy a leasehold property.
You mean more market meddling to keep this corpse alive
Sunbeams - Divis over the next year or two are a bonus more than anything, and a chance to boost my holding at rock bottom prices
"Defo time to be in cash"
OMG - we appear to be in agreement on something!!!!!
Except that my timing in these matters is completely rubbish.
Porsche -If blaming goverments, need to look at previous Labour.... But lets not get there. (Wars etc are the issue)
Time to cash in - hmm maybe but ive been caught with that one many a time, and sold and then then recover.
Think im more with Jed - oppertunity to ytop up - but need to be happy to sit on it for a year - or two
DGR - feel short term Div may be ok - but next one 6 months away. and may be prudent, but they do have published commitments - Ill take my 4.4K in November and probably reinest for the long term. 3 years to retire so just looking to be better by then.
Jesus anything property related is toast, a la 2008/2012 period, bond yields blowing out, U.K. 10 year could go over 8pc, who wants to buy brexit basket case tory economic vandals U.K. bonds unless they have a hefty premium, it writes itself, and of course it’s the 10 year that mortgage rates are really governed by. Defo time to be in cash, you’ll be able to hoover stuff like this up for 2012 lows soon…if you want it. I’d rather buy quality US growth on a meltdown.
Jed, interest rates are rising this week on the bond market and that will knock onto mortgage rates. There will be no cuts for at least 1 year imv, unless ww3 breaks out, at which point the housing market will certainly dive!
Hi all,
IMO this share could easily go either sub 100 or if not very close to it.
Any further falls presents a great buying opportunity and its very very tempting for a top up.
I think the dividend is well covered for the coming months by which time the housing market should be on the up again on the back of lower interest rates.
just my views.
GLA
Housing is very much cyclical.
The slumps are when the value investor buys.
And the highs are when the value investor slices.
Of course with TW at the current price you're looking at a 9.5% annual divi too which doesnt hurt
Thank's Maninpink.
"Barratt Developments sees 10% drop in reservation rates in Q1"
UK housebuilder Barratt Developments has said it remains on track to hit targeted home completions despite a much slower start to the financial year as a result of ongoing challenges prospective buyers are finding in securing mortgages.
Chief executive David Thomas said the trading environment since 1 July "remains difficult", as the company reported falls in both private reservations and forward sales.
The declines reflected the impact of higher borrowing costs and the absence of the Help to Buy scheme, which accounted for 12% of private preservations in the first quarter of last year.
Net private reservations per week average 169 in the first quarter, down from 188 the year before, with net private reservations per active outlet per average week falling to 0.46 from 0.55.
With the reservation rate falling, total forward sales as of 8 October totalled just 9,221 homes, down from 13,314 at the same point last year, at a value of £2.36bn, down from £3.60bn.
Barratt said it is now 60% forward sold with respect to private wholly owned home completions, down 10 percentage points on last year.
"The trading environment remains difficult, with potential homebuyers still facing mortgage challenges. Against this backdrop, we are focused on driving revenue whilst continuing to manage build activity and carefully control our cost base," Thomas said.
Nevertheless, Barratt still reckons it will deliver total home completions of between 13,250 and 14,250 during the fiscal year ending 30 June 2024, and said all other guidance remains unchanged.
"Whilst we expect that the backdrop will continue to be difficult over the coming months, we are a resilient business with a strong balance sheet and a highly experienced management team. We remain committed to building the communities that our customers want to live in - delivering high-quality, sustainable homes at competitive prices to help address the country's housing crisis and drive long term, sustainable growth for our business."
Just been having a word with site agent.. On couple of sites we working on they are carrying building as they are still selling after Christmas... I ask because we got few sites now saying they not building or will do 2nd phase in the new year... Starting to hit the chain now.
Thanks a lot for your kind responses guys. Att the best. :)
Spot on as ever saintly, 4.79p dividend & sp currently down 4.8p
Treven, It is worth noting that although you will not get the next dividend if you buy today you should ultimately be purchasing your shares at a lower price which is normally in the region of the forthcoming dividend. On the day the share goes xd the share price tends to fall by the corresponding amount of the forthcoming dividend. All in all you should be no worse or better off either way.
Hope this helps:
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value. Investors who purchased the stock before the ex-dividend date are entitled to the next dividend payment while those who purchased the stock on the ex-dividend date, or after, are not.
Rgds, S
In order to have received the above dividend payments you must have held shares in Taylor Wimpey on the ex-dividend date sorry Trev its a No, best to have the shares in your account before today and I also allow for settlement which could be 2 days prior to purchase (it gives settlement terms on the contract note) ATB