Member Info for johnson36

Based on P/E ratio wouldn't TW be a better buy than Redrow in a takeover bid from the US ?
Do you think that TW's market capital been 2.6 times more than Redbow is what would put them off ?

https://www.bbc.co.uk/news/articles/cjkdyy9xgn3o
Quote:
Lloyds aiming to become giant UK landlord.
At the launch of Citra Living, Andy Hutchinson, managing director, said the intention was for the brand to work with leading housebuilders to identify sites and buy properties on them for tenants to rent.

Any thoughts on what dividend amount might be declared on 4th August for the interim dividend ex-date in Sept.

Krustysmegma

Sorry I got mixed up with dates, I was thinking we had already past 14th July

i can't see it in the investor calender that BDEV are providing a trading update tomorrow

pappalazz

With all the information you have given I think the best thing you could of done is to cancel your house sale. Surely the price you have agreed to sell at is too low a price now.

https://www-bbc-co-uk.cdn.ampproject.org/v/s/www.bbc.co.uk/news/business-57299350.amp?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16223989478244&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s

Bamps21

I've missed that where TW has said they were increasing the final and interim dividends rather than the special.
Please can you provide me with a link to that information or tell me where to find it. I read most reports but haven't seen this. Thanks

johncut
If normal dividend payments were 4.14p x 2 then I think maybe a special of 8p could be possible.
Total 16.28p. This would cost TW £593 million. I think that is a bit less than was paid out in 2019.
By that time I would hope the SP would be around 240 / 250p so the Dividend yield would be around 6.5% for anyone new buying in. If it wasn't for Covid then we would of reached that SP in March or April last year, we did get into the high 230's around the 19th Feb 2020. Dividend would be a great yield for us that are already in.

stt1

2nd March
The Group has a robust balance sheet and a growing high-quality landbank, which will enable us to grow the business whilst generating compelling returns. The actions we have taken in 2020, and the strong embedded margin in the landbank, underpin our confidence in achieving our medium term target to deliver operating profit margins of c.21-22%. Our focus on retaining momentum in outlet openings and our incremental land acquisitions leave us well positioned to deliver strong volume growth in the medium term. With a continued focus on costs and efficiency, the Board believes the Group is well positioned for strong progress and to deliver enhanced shareholder value in the years ahead.

Sounds good to me

"As we look forward, it remains our intention to return excess capital to shareholders in line with our policy"

I am happy enough with that bit. Even after purchasing more land this year as they intend to I am sure there will be a decent amount of Net cash left over. The current lower share price gives me a chance to buy more shares.

stt1

We ( Me & You & TW ) agree that there was never any intention of paying a Special dividend in 2021.
The special Dividend will be based around Net cash in March 2022.

You can read the Quote below as: " It remains our intention as in pre-covid times to return excess capital to shareholders in line with our policy. At the time of full Year results in March 2022 we will see what Net cash we have in the pot and we will pay you a special Dividend in 2022 based around that "

The 1st line says it remains their intention to return excess capital to shareholders. The last line says it will review the level of excess capital at the time for a payment in 2022. I am thinking positively and to me it is saying we will pay you in 2022 but we don't know how much yet.

Quote:
As we look forward, it remains our intention to return excess capital to shareholders in line with our policy. We are not planning to make a capital return in 2021 and will review the potential level of excess capital at the time of our 2021 full year results in March 2022, for payment in 2022.

scoopy

Everyone knew there wasn't going to be a Special Dividend this year. It can not be clased as negative News because the market and all its investors knew already.

The last time TW talked about it was on the 14th January Trading Statement.
QUOTE:
As previously stated, we expect to recommence ordinary dividend payments in 2021, starting with the payment of the 2020 final dividend. We will review the special dividend in 2021 for payment in 2022.

I don't think they could of made that any clearer, it even said " as previously stated " !
https://www.lse.co.uk/rns/TW./trading-statement-17plp9nfljon8wg.html

ilikehousebuilde

I think the update will be positive but that doesn't guarantee the share price will go up. We have already had a decent rise in share price recentley so a good update might already be baked in to the SP now.

NathanBryce
Next Trading update is next Thursday 22nd April
https://www.taylorwimpey.co.uk/corporate/investors/financial-calendar

NathanBryce

Group cash position and dividend
We ended the year with strong net cash‡ of c.£719 million (31 December 2019: £545.7 million net cash). We expect net cash to reduce through 2021 as we progress the new land acquisitions over the next 18 months.
As previously stated, we expect to recommence ordinary dividend payments in 2021, starting with the payment of the 2020 final dividend. We will review the special dividend in 2021 for payment in 2022.

That was copied and pasted from here: 14th January
https://www.lse.co.uk/rns/TW./trading-statement-17plp9nfljon8wg.html

Philox

Just one more thing. With the HSBC you can have 14 different currency accounts and all from one log in.
https://www.hsbc.co.uk/international/currency-account/

Philox
Having the HSBC premier Bank account and the HSBC InvestDirect Plus linked is the reason I chose this.
I Log into one account and everything is there. From one Log in I can see My Current Bank account and Share Dealing account and share ISA. If you was to have a HSBC bank loan or mortgage or credit card etc they would also show there in just one log in. For me I never like the idea of sending 10's or 100's of thousands of pounds to another company for share dealing.
My experience with the HSBC as Premier account holder has been fantastic.

Franco23

The £10.50 per Quarter Year charge is the same in the InvestDirect Plus account and No extra costs for holding your shares in an ISA.
You can also trade in US equities listed on the New York Stock Exchange and NASDAQ with the Investdirect Plus account.
Frequent traders only pay £7.95 fee per trade after the 9th trade in a calender Quarter.
I have had this account since 2012

Philox

https://www.hsbc.co.uk/investments/products-and-services/invest-direct/