focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I was under the impression that the share buybacks TW have been undertaking over the past year will help offset any necessary Divi reduction as there is now more excess income to spread over a lower amount of shares? Or am I being too optimistic?
BBC News - Cladding crisis: Norwegian wealth fund urged to pressure firms and builders
https://www.bbc.co.uk/news/business-60018459
Does anyone know to what extent TW is exposed to this cladding issue? I would have thought it's minimal given they are predominantly housebuilders. Which leads me to ask why on earth is TW being dragged into all this? I'm also puzzled because even if they did they would have followed statutory building regulations put in place by our wonderful Government. So is it a simple case of passing the buck? Legally, surely TW is a position of strength to fight their corner?
This isn't meant to come across as callous as I know a lot of people have been effected by this leasehold issue. What I am have been trying to fathom out is how this has happened in the first place. I don't think I am wrong in saying that when the majority of people buy a house they undertake some due diligence into the property they are spending their hard earn cash in buying. This usually takes the form of appointing a Conveyancing Solicitor to carry out all the legal aspects of transferring the ownership of the property from the seller to the buyer. As part of this process the Solicitor will establish whether the property is freehold and leasehold. It is at this point the Solicitor would have been made fully aware of the terms of the leasehold. This information would then have been passed on to the Purchaser who would need to make a decision as to whether to pursue with the purchase or not. Surely it' a case of 'you pays your money and you takes your chances' or failing this the Solicitors professional fault for not disclosing the terms? If blame lies anywhere shouldn't it fall on the Solicitor or, perish the thought, the Purchaser? Please feel free to educate me if I'm missing something. Thanks.
Great to see the increase in TW’s share price over recent weeks. Reading RDW’s results today they are a bit more pessimistic than Bdev’s, especially when it comes to future outlook and the potential impact of the planned changes to Help to Buy next year. Although I see both Company’s are proposing increasing their divi, let’s hope TW takes note.
All looks good at the moment however there is a cloud on the horizon in the form of the Government withdrawing it's Right to Buy Scheme. What is TW doing to mitigate their reliance on this??? I'm a long term holder from the days of 4p and I'm enjoying the Divi, but begining to think of when to cash in
Came across this article which people might find interesting: https://www.politicshome.com/news/uk/communities/housing/opinion/house-lords/91943/lord-best-uk-risks-being-held-ransom-too-big