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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Taylor Wimpey Share Chat (TW.)



Share Price: 151.50Bid: 151.40Ask: 151.60Change: -2.20 (-1.43%)Faller - Taylor Wimpey
Spread: 0.20Spread as %: 0.13%Open: 155.10High: 155.10Low: 150.90Yesterday’s Close: 153.70


Share Discussion for Taylor Wimpey


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RafflestheGT
Posts: 229
Off Topic
Opinion:No Opinion
Price:163.20
TW
6 Sep '16
Risk reward seems to be turning now for TW.

Dread to think what would have happened had Redrow disappointed !

But am holding the line and buying more here at 163.20
 
calisto
Posts: 2,305
Off Topic
Opinion:No Opinion
Price:164.70
redraw
6 Sep '16
"we have seen very little impact as a result of the Brexit vote" I hope the idiot journey and analysts can read a statement.
Picket
Posts: 2,218
Off Topic
Opinion:No Opinion
Price:161.50
Looking good
6 Sep '16
FTSE 250 housebuilder Redrow reported a jump in pre-tax profit for the full year as revenue grew and the company lifted its dividend.
For the year to the end of June, pre-tax profit was up 23% to £250m on revenue of £1.38bn, up 20% from the year before and the company hikes its full-year dividend to 10p from 6p.
Legal completions rose 17% to 4,716, spurred by the Help to Buy scheme, and the owned and contracted land bank at the end of June was up 43% to 26,000 plots.
Meanwhile, the average selling price rose 7% to £288,600.
The group said two key measures of its performance, return on capital employed and return on equity, improved to 24.2% from 22.8% and to 26.8% from 26.4%, respectively.
The company said demand for new homes was strong throughout the year, with growth in output benefitting from the government's Help to Buy scheme, which has continued to be a major support not only to Redrow but to the industry as a whole.
Activity in Central London remains sluggish, but Redrow pointed out that its exposure is very limited and all other areas in which it operates – including Outer London – have shown strong growth. The group added that it has seen “very little impact” as a result of Brexit.
Chairman Steve Morgan said: “I am delighted to report that for the third consecutive year Redrow has delivered a record set of results.
“Redrow entered the new financial year with a record private order book of £807m, up 54% year on year. Sales in the first 10 weeks are very encouraging and up 8% on a strong comparator last year. Our strategy of continued growth for the business is on track and I am confident this will be another year of significant progress for Redrow."
mickey201
Posts: 28
Off Topic
Opinion:No Opinion
Price:161.50
Redrow.
6 Sep '16
Results are good. Let's hope there's uplift to other housebuilders in the sector.
RafflestheGT
Posts: 229
Off Topic
Opinion:No Opinion
Price:162.00
TW
5 Sep '16
Watching TW this afternoon it looks like everyone losing confidence in this sector for some peculiar reason. The data simply doesn't justify the share price moves, so next couple of days should be interesting - starting tomorrow.

Chart of TW shows shares right at bottom of a trading range which can't be going up at more than a 15% gradient. So hoping that there is very little embedded in share prices here.

Deutsche Bank published a really positive report on the sector last week, and from recollection they were calling for 32% upside to the shares, but this silly McCarthy warning has clobbered sentiment for some reason.
RafflestheGT
Posts: 229
Off Topic
Opinion:No Opinion
Price:163.20
RE: TW
5 Sep '16
No problem JP - as I said I think Bkg will be a non event largely, with new3 reservations still down but not in a way which affects earnings forecasts or dividend paying capacity.

Much bigger issue for TW is the Redrow and Barratt outlooks, and whether they confirm what TW and Persimmon are seeing. My guess is they will, so i am picking up TW into the close. Seems many out there are paralysed with fear for some reason and more inclined to be selling
JPTRADER
Posts: 893
Off Topic
Opinion:No Opinion
Price:163.10
RE: TW
5 Sep '16
Interesting, thanks for the info RafflestheGT. Not that familiar with BKG's fundamental/story. Will read what they have to say tomorrow though.

SP here not doing much! Still happy that I picked up another two rungs worth at ave 162.40.
RafflestheGT
Posts: 229
Off Topic
Opinion:No Opinion
Price:163.10
RE: TW
5 Sep '16
JPTrader - BKG are dealing with this issue as you can see from the,m guiding deliverable gross margin down from £3.25bn to £2bn going forward, and much of the London development coming thru joint ventures
JPTRADER
Posts: 893
Off Topic
Opinion:No Opinion
Price:163.00
RE: TW
5 Sep '16
Can't really see cancellations picking up out of the thin air either, BKG has a long term issue which they need to deal with being heavily exposed to the London market.

Read some news about a fund being created for the sector to loan out cheap money to spur construction and also read a few sources implying that pressure is mounting on the government to look into opening land up for construction. Whether it's in the next few months or in a years time, the matter needs to be urgently dealt with. A boon for housebuilders.
RafflestheGT
Posts: 229
Off Topic
Opinion:No Opinion
Price:163.20
TW
5 Sep '16
By all accounts that the same story right across the country.

The good news is that the TW share price, and indeed the entire sector, has very little in the way of expectation built into it at present, which means a positive surprise is likely.

Not really sure what everyone looking for in BKG, but as they have already pre-sold through to 2018, its hard to see disappointment other than if the cancellation rate ticks up - but I would have thought that unlikely given the fact foreign buyers are in a more advantageous position post referendum.

All they can really say to the negative, is new reservations remain weak, which wouldn't be a surprise and that projects are on hold, which will be identical to their message pre-referendum.




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