RE: Uk Budget3 Mar 2020 08:53
OWLS
I forgot to add for you that TW own 170,000 building plots, 10 years worth at current build rate of 16,000 house a year, 76,000 have planning permission, 5 years worth of house building. So they can slow up on spending money on buying new land any time they want. Planning permission last 5 years so I assume that is why they haven't bothered to obtain planning permission on all plots yet as it would lapse after 5 years if footings were not started (once started it's ok). TW management seem to know what they are doing.
Owning a shares in a good company like TW is great because you can leave day to day running to management and sit back and enjoy the dividends and any extra profits you take on deals you do. As well as holding for long term in my ISA i have probably done 20+ extra buys and sells in the last 12 months , all for profit. I also introduced a friend to this, I think he made £13000 on it last year in dividends and a profit when he sold. I have been dealing with TW since 2014, after that amount of time you get to know a share.