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Is it me or is HMG deliberately screwing over loyal share holders to highlight their own political agendas in most areas of the UK economy ?.We had banks like Lloyds told to do the right thing and give away many Billions to dodgy PPI claimants to buoy up the economy for Cameron and co .Then when that finished the same money was held back from loyal divided holders to yet again buoy up the economy due to PPI. The same with the oil companies etc etc .None of this happened in the USA where banks ,oilers, developers etc etc all paid out full dividends and still do as it is the share holders money not the governments to play with and effect .Now TW is being made to pay towards dodgy developers and suppliers who were allowed to get away with murder using the governments own building regs etc .Fair enough pay for TW developments but not for all the other **** ups in the country just because Grenfell tower is centre stage for the wok media .The latest con is all the companies are carpeted by HMG and told again dont pay out to your share holders dividends in full which they need to live on. If you must pay out use mainly buy backs it looks better in the news on channel 4 ..And what about all the dividends allegedly frozen due to covid and promised to be paid out at a later date ? that has not happened in any companies I have shares in to date I know that .I suggets the money will be stolen from us by means of buy backs none of us ever asked for ! . The only persons that benefits from buy backs normally are company directors on their own bonus schemes !!!.The average jo wants the cash so he can decide what to spend it on !, I would suggest NOT on buybacks etc which might move the sp a few pennies before it falls back anyway the next day. It seems to me HMG have their fingers in most FTSE companies that the wok media want to rant about for their own political agendas , so that Gov can then be seen to be so caring and virtuous and just sod the poor working share holders that need the money to pay their own bills.!!!.Anyway rant over , if the old special dividends etc are not reinstated again soon, & previous withheld dividends accounted for properly then all this wok TW Grenfell tax will be the last straw for loyal share holders i feel.
market makers tree shaking other day.
Better day. Prices was in a Down trend for last 3.5 months so this may be recovery for some of it .
My b/e of 135p closing in.
So far TW has bought back just over 53 million shares so depending on the average price it must be close to the first £75 million tranche. Does anyone knows if they can continue with the second £75 million or do they have to wait until June the 3rd?
The dividend price floor is something I made up, but does decide the price.
So many undervalued good companies around by 20 to 30 percent under share price trading.
Just because they haven’t announced a dividend.
The fundamentals of TW. are strong and have been for over a decade now.
Demand is strong and likely to continue that way into the future, land is secured. However, raw material prices are rising as are interest rates. But overall I think that TW is well placed to continue building units at the required rate whilst making profits from their well-oiled machine.
The risks to cash are not the same as those often experience by general construction and civil engineering companies. TW is a cyclical business and a pretty safe bet in a balanced portfolio. Dividends with an annual yield of around 6.6% are not too shabby either.
Yes, probably achievable next year...
My aim was to sell at 150p to 165p.
Anyone think that's achievable?
Losing confidence in this market nowadays.
Problem is with the "builders" is that they have always been a target for popular politics and the media. It is rare indeed if you ever hear or read anything positive from politicians and media re builders. They don't seem to recognise that they generate a huge amount of industrial and retail activity, leading to healthy tax receipts from employment taxes, business taxes and wider supply chain and retail services.
It is no surprise that Gove issued an aggressive statement today, when he could have taken a more conciliatory / congratulatory tone. After all the builders are remediating their own properties, and are also contributing to the £4bn tax (will cost TW around £20m net per year).
Hopefully the market will move on, however I suspect that it will start to view builders more like utilities which are regulated, and trade on lower multiples. Might never see £2 again!
Bought in July 2020. Annualised return of 1.0% including last year's divi. Not great ! come on Taylor Wimpey! Is the housing market going to collapse or something?
Possibly.... ..weird how it works, no debt etc
take iag, for example, 12billion + debt, depressed customer base. Yet sp around 140p.
Grove aside, if it wasn't for the share buy back propping this up, we'd be closer to a quid, that's the worry... GLA
I think he needs all of that to be taken seriously.
Gove has an attitude problem. From reading the attachment, he has a serious aggression issue.
Landlord Britain = brain drain Britain.
To Australia and America.
jamrock; i fundamentally disagree with you that falling house prices are the Govt's aims; they are ambivalent/indifferent to such. Yes they will adjust interest rates to manage inflation/recession, but with no specific focus on housing at all. The recent term govt support (Help to Buy/covid stamp duty relief) have not benefited first time buyers, it has fuelled increases in house prices that have compounded a lack of affordability, and benefited primarily those already with a home (of their own), or those fiscally already able to afford - it has been a financial inducement/tax bung predominantly utilised mainly by the already comfortable, not a true helping hand to those on average/below average incomes aspiring to own their own home. The other beneficiaries bar those already fiscally/housing comfortable, are shareholders in these housebuilders like me, who (irrespective of the current depressed SPs) have profited from Govt subsidy induced heating of the market. And the Govt, in increased company tax.
The lack of social housing provision supported/mandated means the FTB's will never see a lowering of price, as the total housing provision (lack of), will mean those subjected to the avarice of rental, will always be looking for a first property (as cheaper). But these are individuals stuck on a 'lowish' income, who can't warrant a income multiple mortgage on that 'low' income despite it being less than their rental. The Govt in my lifetime has never addressed that, and until they redirect, focus subsidies from Help to Buy/stamp duty relief etc to, say ONLY people on UK average or below income, to address that the price will only increase, hence housebuilders profits.
The ending of Help to Buy will barely impact HB's. Whilst the Govt/councils don't build new social housing the shortage demand dynamics are reinforced, the desire for those trapped in market rentals, to buy a house on a cheaper monthly mortgage will reinforce demand. And hence price.
The cladding costs are a blip in time, and frankly, should be paid; some HB's have been better at addressing, some are in denial. It's a cost of business, like materials, wages. And capital gains changes will have not an iota of difference on private landlords, they won't sell, as the income they are earning is sustainable, predictable and growing - just as the struggle for low income wannabee homeowners frustration grows.
They will tighten lending to cool inflation. Then have no choice to drop interest rates quickly to get the market moving again to try a head off recession. Seen it all in every downturn. What other formula is there to tackle inflation!. House prices falling is the aim of the government to help first time buyers.
The best way to achieve the objective would be to reduce capital gains and then landlords would sell and create more supply than demand then the prices fall and real aim achieved.
It’s simple really
Maybe why housebuilders were tent pegged again today.
Banks to tighten lending to homebuyers as cost of living crisis bites
Any hit to the size of mortgages homebuyers can get will slow the property market down this year, experts say.
https://news.sky.com/story/banks-to-tighten-lending-to-homebuyers-as-cost-of-living-crisis-bites-12588075?fbclid=IwAR15jhPAt4qRBkHrA83I8xbtffy079SXfSzz9ddsCX6Zd-ALD-j_S0YW_FI
Very funny made my day.
may be this week.
Does anyone think old testicle cheeks ,will make an announcement.
Over the past 5 years the pre pandemic price has been £1.75
Say the price will head that way once inflation cools.
Housebuilders must also contend with the ending next year of Help to Buy.
Neil Hudson of Built Place, the research group, highlights House of Lords data indicating that this scheme has served as a £29billion taxpayer subsidy to the industry.
However, despite the cost of living squeeze, Jason Honeyman, boss of Bellway, argues that the property market will slow, but not grind to a halt – and, for the moment, the output of this company and its competitors remains much in demand.
I'm losing the plot!
That article was published on Saturday 9th April 2022!
My apologies!