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At the time HS2 was proposed it was supposed to “open up” the North as a high speed link to Manchester, Leeds etc. turns out it’s getting slower and stops at Birmingham. It will cut 20 minutes off the journey time from Birmingham to London so excellent value for money!!

My view at the time was that based on the average cost per mile of Motorway, for the same price as HS2 we could actually have doubled the motorway network in Britain adding around another 2000+ miles of 3 lane motorways!! Now that would have made a massive difference to cutting journey times for us all!!

Jump back to previous levels? And why not? Depends on your time frame and how much you’re investing. Personally i’m looking ahead years not months. The price was down to 5p at one point then back up to £2. At current levels, or lower, it’s going to reach a point where it’s a good buy.

So what do people think is likely for the November dividend?

Assuming things are much as they are now

1) dividend and buyback scrapped

2) buyback scrapped dividend maintained at 2.95p

3) dividend lowered again?

With the drop it’s becoming a compelling buy for the longer term but personally buying a chunk I’d needs some dividends to keep me going while I wait for capital appreciation.

Well I might prove to be foolish but following the reduction in dividend I pulled out of TW and went into LGen.

One simple reason… maths. (I need an income that doesn’t half at short notice).

Got enough to last me the year so will sit back and pick the right time to pull back out of LGen and back into TW for capital gain not dividend yield.

PS not being petty, the dividend that was halved was £50k

TW are cyclical, and not exactly at the top of the cycle. I think it’s still a good time to buy with a view to maybe 1.40 within the next 12-24 months. If Iran gets sorted and interest rate cuts follow within a few months then 12 months could see 1.30 ish. Great dividend at the moment (despite the cut) with bags of capital upside. Good time to buy in and walk away for a few months.

I’m not going to shout about what shares I own or how diverse my portfolio is. Everybody gives an opinion based on what they have or what they think but they are not me. They don’t know what I have or how I think. I’m simply stating that you become accustomed to a specific lifestyle, and plan your investment decisions based on the dividends that companies usually are expected to pay. When the hit that you take is equal to a decent car, It just leaves a bitter taste.

The reason I preferred dividends to capital gains is because I hate the taxman, simple!

My point is that it might be good for the company long term but with the share so volatile the small amount bought back makes hardly any difference. Half my dividend makes a much more immediate difference to me as I rely on it for income. Not a few hundred but 10’s of thousands.

Years back when Lloyds announced their dividend and the government pressured them to cancel it, It lost me £10k with very little notice.

TW’s policy shift has halved my dividend “income” with the same short notice. It pressures me into jumping into l&g for the dividend even though I’d rather be in TW. If L&G moves down and locks me in my shares in TW won’t be bought again.

Sounds like I’m complaining but when management states what their policy is they really should give more forewarning to shareholders of changes coming. I invest for dividend income and capital gain, hate having to reduce my holding to make up the lost dividend income. For me at least it makes their buyback totally counter productive and of no benefit at all.

Sorry to harp on about dividend policy.

Does anyone think going forward policy will revert to what it was, paying dividends at circa 9p per annum rather than maintaining buybacks?

Well I was tempted to get some more yesterday for the dividend. Despite it now being half what it was a month ago! TW’s buyback of own shares now makes it only better than OK whereas a month ago it rivalled L&G for top dividend.

2.95 on an 88p share can’t be sniffed at though I guess.

Sorry £6k not £3k.

Exactly, the buyback is a kick in the teeth. From my perspective it’s cut the dividend that ends up in my pocket which is what I rely on for income. In other words my pay packet in May has just shrunk by over £3k with the same happening again later in the year. Buyback helps capital growth but that’s a much longer term window and when it happens as I pull out money, my holding shrinks which hurts me worse further down the road, and as I pull money out in share sales my tax is no longer 10.75%. HMRC grabs a bigger chunk which hits me again.

TW have been really clear about how they pay out dividends which is why I invest, buybacks don’t pay wages dividends do. I’m a long-term investor and what I seek to do is not sell shares and reduce my stake in order to meet my income needs. Capital growth will come as the market improves, a buyback today to help that does very little for me over the next 6 to 12 months

Yes 5.5% which for the risk is not that great when a bank can give you 4%

So for those chasing a nice dividend this has just taken a back seat. Was a front runner with LGen but with the drop from 4.5p to 2.95p TW is now ONLY about capital return and dividend seekers will be changing their plans going forward. A Buyback helps TW over the next while but those seeking the dividend have just had their “wage” cut by a big chunk and been left with only capital growth to look forward to. In this market capital growth isn’t reliable enough to count on for wages Plus HMRC takes a bigger cut! Annoyed.

New homes are now being provided broadband by altnets that the builder chooses! BT cables aren’t even installed. They could address this better team up with Starlink to get to new build estates to counteract this or do a deal with developers who needs hundreds or thousands of lines installed to new build areas. I hate that I can’t be on BT for the house router!

Getting fed up of the bickering in this board, makes it really difficult to read about BT which is it’s purpose!!!

I agree with you. The way I see this playing out is in the budget tomorrow the government need to stimulate the building of houses, as well as create the market conditions for buying them. They changed to stamp duty rules would help first time bias get into the market. In addition to this the bank of England lowering rates in December would give this an extra boost.

I’m not expecting miracles in December, but typically the housing market picks up around April time, and I would’ve thought the boost between Christmas and April should be very reasonable

Not impressed with Hargreaves, dividend from last Friday hit the account on Monday. Shows as credited to the account but not able to invest it or with draw it I.e. in “limbo”. At almost a week to make a dividend available They must be making millions across their platform!

Https://newsroom.bt.com/scaling-uk-mobile-coverage-for-all/

An interesting read. Big change doesn’t happen overnight.

I recently sold LGen and moved the money to TW.

My thinking was that the TW. Dividend was (although not as guaranteed) at least at the same level as LGen, but with much more opportunity for capital gain over the next 1-2 years.

What I’ve read today suggests it’s not as likely as was that dividends will be withheld, feeling a bit more comfortable about the move.

The timing of dividends between Lgen and TW. Might make it possible for each post Ex Div SP to recover enough to move funds between the two and collect dividends from both, Or is that too optimistic?

Might be a bad call but I have been selling Lgen and buying Taylor Wimpey. The dividends are very similar (I appreciate not as rock solid with TW. But marginally better dividend) and TW. Has better potential for a bigger capital return on top. Anyone think this is a sensible or bad move?

Housing has to turn a corner at some point and Steve Reeds appointment seemed to lift house builders generally on the day?

I’m not sure why people are so convinced at this price TW. Is a takeover target. Back in the financial crisis this traded as low as 5p and not much higher for sometime after. It didn’t get taken over then, so why now?!

Hoping an offer will push the share price up maybe, yes it might, perhaps 10 or 15p but you’ll do better just sitting and holding for a couple of years.