Member Info for johnson36

https://www.gurufocus.com/term/fscore/BTDPF/Piotroski-F-Score/Barratt-Developments-PLC

I thought the the same guys. Why would this grab investors attention ? Is a score of 5 supposed to be good ? It doesn't sound good to me out of 9.

https://williamsbusinessreview.com/the-5-f-score-for-taylor-wimpey-plc-tw-l-is-grabbing-investors-attention/84472/

mushroomkid & troublesome

From the low SP of 128p on the 11th Dec the share price has gone up to 182.5p today + a 3.8p dividend = 186.3p.

A rise of 45.5%

I do consider this to be a substantial rise in the 4 and half months of 11th Dec to 26th April.

https://www.fool.co.uk/investing/2019/04/25/taylor-wimpey-share-price-why-i-think-it-will-keep-rising/

MarkBellUK

I agree. I think the increased cost in building materials is normal. I do think that there was more positives than this one negative.

Pauloinson

Who is exstatex ?

DGR1980

I have been in TW shares since 2013. I have an amount I hold long term and I deal some aswell. I don't have any worries about TW.

DGR1980

I agree up 9% in 3 months is great, for us long term holders. Doesn't really help those that just bout in at 190 /192p does it.

Trading update:

We have seen higher than expected cost inflation in early 2019, particularly in materials, and now expect build cost inflation for 2019 to be c.5%. This is driven by a combination of underlying cumulative inflation and exchange rates impact on the cost base of supplier.

I wonder how much this 5% is on a typical 3 Bed semi or 3 / 4 Bed detached house ? The 5% extra cost is only on build costs and mainly on materials. It is not on the land / plot. If a £200k house costs £100k to build and fit out (exc plost cost) then what part of the £100k is materials and what part is labour ? if £70k was materials then only £3500 increase in cost. Even at £100k per house materials it is only £5000. Im sure this can be added to sale price.
Isn't it normal news anyway that cost of materials and wages can go up each year ?

I understand what you say.

BUT it makes no sense to have a meeting to gain shareholder approval for a dividend after the ex-dividend day has past. It should be before the ex-dividend date.
As you know on the morning of the ex-dividend date the opening share price is adjusted to allow for the dividend amount.
In my IG index spreadbet account I would be paid the full dividend on the ex-dividend day on a long position, £100 per point would be the same as having 10,000 shares so would get me £380... Likewise if I had a £100 short position I would pay the £380.
To declare a dividend of 3.8p and then have an ex-dividend day and then have a meeting to gain shareholder approval for the dividend is the wrong order.

TW went ex-dividend on the 4th April for a declared dividend of 3.8p to be paid on 17th May.

So why does the RNS today say:-

" Subject to shareholder approval at today's AGM, we will be paying a final ordinary dividend of 3.8 pence per share on 17 May 2019 "

How can a dividened be subject to shareholder approval on a date after the ex-dividend date ? surely that needs to be sorted before the ex-dividend date. The market adjusts itself on the ex day according to the dividend amount and my IG index spread betting account pays me the dividend on long positions on the ex day.

TW went ex-dividend on the 4th April for a declared dividend of 3.8p to be paid on 17th May.

So why does the RNS today say:-

" Subject to shareholder approval at today's AGM, we will be paying a final ordinary dividend of 3.8 pence per share "

How can a dividened be subject to shareholder approval on a date after the ex-dividend date ? surely that needs to be sorted before the ex-dividend date. The market adjusts itself on the ex day according to the dividend amount and my IG index spread betting account pays me the dividend on long positions on the ex day.

Is anyone worried about the £77 billion debt ?

Woodstock1970

I think Mikes last offer this morning at 7.00am was for £200 million, and talked about 5p a share

I don't understand this.
BBC news report that Debenhams has been sold to its 2 biggest lenders. I think for £101.8 million.
Where does the £101.8 million go ?

lse2000

How have the shorters lost ? This has gone to zero, that is a win for them

I just do not understand why this has gone into pre-pack admin today just 11 days after they secured financing on the 29th March. What was all that about on the 29th ? They had money.

Chrispye84

I thought the lenders were the debters ?

Who gets the money ?

Related documents reveal that Debenhams’ lenders paid £101.8m for the group and also took on £520m of debts and its pension obligation, taking the total cost of the deal to £621.81m. That sum is in line with the total value of Debenhams’ debts at the time it fell into administration.