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Hi Ben,
Wow that is a lot of men to leave in relation to a site . Do you feel that it is down to middle management not coming from a trade background as I see it more and more these days ?.
Hi Bighammer
The main problem is no one is reading from the same hymn sheet, rules are being made and changed and no one is passing it on to the tradesmen!
If this carries on I can see by the end of the year the workforce being down by at least 10% and of course that means production will be down!
It’s only my view, but they have to get it sorted soon, I already know of at least 10 people who have left and gone into civil’s or private work!
Let’s hope they sort it!
All the best Ben
Morning Ben , I totally agree the pressure from the top is getting really bad i feel and lower management are really feeling the pressure and i cant see it letting up . I get that customers want quality for their houses and the NHBC are setting the standards but due to the lack of trades about , the quality of materials being supplied and the tight time lines something has to give . This for me is a subject that could be discussed for hours and there is no short or quick fix and with the new ombudsman quality assurance that has come out and part L i can see it only getting worse . Longer build times and better quality materials would be a start but that is only going to push up prices for already expensive houses , I dont know what the answer is but something is going to have to change and not in a good way i fear.
Evening All
Trading updates are on the ball, houses are being built and selling pretty good round east mids and no sign of slowing!
But I need to ask mannipick and littlehammer and Co, has your sites got as toxic as the ones round here?
People are quitting as fast as they are arriving, one big roundabout!
Me I am too long in the tooth and get left to my own devices, but some of the new NHBC rules coming out are straight from university and don’t fit in the real world!
Interested in others views!
Cheers Ben
Encouraging, but given that Wimps couldn't even rally during the housing boom of the last few years, I'm not holding my breath for any great resurgence. I'll keep reinvesting the divi, keep my fingers crossed, and hope that, by the end of the decade, the company will either get merged or taken over - or maybe the City will have recognised its true worth by then.
Very decent update for me in the current climate. Key for me is the maintenance of the intention to pay the dividend as previously identified. This is against a fairly sharp divi cut by PSN and therefore in my view is a good sign of company strength going forward. On the up!
(Sharecast News) - Housebuilder Taylor Wimpey backed its full-year guidance on Thursday as it pointed to a continued recovery in demand from the low levels experienced towards the end of last year.
Very positive.. probably because they build good houses !
I could see nothing on price of properties sold.Otherwise good.
Material costs stabilizing, forward dividends positive, selective land plot purchasing.
The company has shareholder's interests at heart....imo
I'll continue to drip/add on any overall market weakness.
gla
Steady as we go!
Liked it, the headwinds are dissipating, rates have peaked, confidence returning, nice dividend, upgrades flowing. Up up and away.
Just read the trading update, what are everyone's thoughts?
For sure it will, hence the buying, the issue is how long it can keep the momentum up.
could TW. follow PSN tomorrow ,fingers crossed
Trading in-line, green shoots of recovery recently, viewings increasing, shares up nearly 4%. Exactly what I'm hoping for here tomorrow.
on Thursday, all-important Spring sales news so hopefully the catalyst for some positive movement here. Anything in the "trading in line with" or better territory should be enough to give a little boost. Hope so anyway.
Depending where you look … HSBC raises Wimps to Buy from Hod, and target 150 from 105 ??
Made me smile 170 190 570 590 all good.
I am sure they meant to write from 170 to 190.
I mean we all want it to go up, but 390p? What planet do they live on?
HSBC raises Taylor Wimpey to 'buy' (hold) - price target 570 (390) pence
Hi Fugazi thought you’d gone incommunicado or am I just clutching at straws? Perhaps you’re gone to the fantastic place - Montreal !
Fantastic, I will just buy more.
Sub 100p looking possible.