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Dividend declared , 28th Mar ex dividend, paydate 10th May ,still good dividend, 7.2% ish yield depends when purchased..atb
Looking to add around the 111/117 range when it revisits it.
Do not see at sub 95p in the near future but perhaps it can still come.
Well, Wimps management have done a decent job of navigating a difficult period, not to mention UK Gov tax take increased to 27.5% on an annualised basis. Priority was to maintain strong balance sheet, maintain dividends and no nasty surprises, they have done this.
I would suggest that this years plan is to do the same, steady as she goes and maintain strong balance sheet and maintain dividends. Hopefully next year will reflect a more normal business environment, post Brexit, post Covid, post Tories ? Then maybe more growth, and uptick in dividends will begin again.
Market doing what the market does, likely professionals set up trades to destabilise the Wimps share price, creating the opportunity to trade and capilitise on known steady results (i.e. no surprises either way), and exploit current CMA newsfeed. Some sells yesterday and today on opening in a overall down market would do the trick. Slowly sell (buy back for shorts), and steady buys as shares recover their composure will turn a good profit.
Still good opportunity for non professionals to add at sub 140, especially if via SB's to collect dividend. With dividend payments a management priority, then underlying share price should recover swiftly from ex div day.
Of course, IMHO.
Thanks Maninpink, that's useful intel. Anyone else in the trade in other parts of the country? How are things going where you are? Viewings/sales/sites opening or mothballed? Any info gratefully received.
Sunbeam the sites not really increase in plots far from it... In the west midlands a lot of our sites are really slow to say the least...
Disapointing but not unexpected - few selling so price dropped.
However results to 31st Decmber and the general feeling is builds have since started to increase, Interest rates pretty steady, so lets hope + for buyers
And so far looks like Div still good.
Long term holder so that will do me, and if stays lower than the 150+ plus should be oppertunity to buy a few more
THANKS JohnyChain- I should have checked first!
Final Results just been RNS'd Joe
Yes it was a gift ,so i have bought some more
I’ve been out of touch. Could some kind and wise soul explain why price has dropped again so sharply today, I don’t see Barratt dropping by a similar amount. Thanks
Looking forward,
It is still early in the year and the macroeconomic backdrop remains uncertain, however it is encouraging to see some signs of improvement in the market, with reduced mortgage rates positively impacting affordability and customer confidence.
While the planning environment remains challenging, we have a high-quality, well-invested landbank and a strong financial position which underpins our ability to provide investors with a reliable income stream via our differentiated Ordinary Dividend Policy. Looking ahead we are well-positioned in an attractive market, with significant underlying demand for our quality homes and are poised for growth from 2025, assuming supportive market conditions."
Do you not understand what a cyclical business is avocet? At this stage of the cycle these appear solid results to me, in line with management expectations. That's not to say there won't be a dip on opening, but given the dividend has been maintained (unlike most of the major builders at this stage of the cycle) I think we might see a positive start. Let's see what happens at 8:00am.
I`m satisfied with the results coming out as expected and paying a decent dividend under the new system. These are difficult times but management seem pleasantly optimistic .
Yes but nearly everything else's is down 50% so it's not good
The results look OK, in line with expectations, dividend maintained, should be a positive opening 😀
UK average selling price on completion up 5.1% to 370K (2022 352K)
Overall average selling price up 3.5% to 324K (2022 313K)
Excellent 👌
Positioned for growth from 2025
Final divi 4.79p
gla
Yes, think we might have to hold our noses at 8am...
Bad results
I was expecting the price to rise in the run up to results.
Final Results 28-Feb-2024,
We continue to expect full year Group operating profit to be at the top end of our guidance range of £440 million to £470 million.
The UK competition watchdog said it has found "fundamental concerns" within the UK housebuilding market, and has launched an investigation into eight housebuilders.
The CMA said it is investigating Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey, and Vistry.
Very good reply opium I totally agree with you. ***********
Allow me a controversial reply..
Start with Mass Deportations of Illegals and foreign criminals.. Then work out who owns all the homes that are left empty or owned by corrupt foreign owners, and repatriate those for our Nationals homeless & Vets.
We don't need more houses, we need the existing 1's we already have be improved and become available for the right people. Re-balancing the Housing Market naturally and bringing prices down
Too many developments with lack of or poor infrastructure, drainage, services, GP's, Dentists and the like. All we're doing is building more council estates riddled with problems
We will have to wait to nearer the election to see if there are some sweeteners before the election to be promised by the parties