(To start with please do your own research, I own these shares)

TAYLOR WIMPEY PLC has broken the rising trend up. This signals an even stronger growth rate. It also gave positive signal from a inverse head and shoulders formation at the break up through the resistance at 45.57. Further rise to 57.7 or more is signaled. The stock is testing the resistance at pence 52.00, which may give a negative reaction. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the trend. The stock is overall assessed as technically positive for the medium long term.

Watch out for a break over 52, thats your start line.

Background on prospect for this company.
Taylor Wimpey said today it has seen continued stability in the UK housing market since April and the severe downside scenarios for which it has been planning now appear less likely to materialise, despite economic conditions remaining weak.

The housebuilder said it has strengthened its financial position significantly during the first half of 2009, having agreed the restructuring of debt facilities and successfully completed a Placing and Open Offer to raise net proceeds of ฃ510m.

The group said whilst wider economic conditions remain weak and rising unemployment could still have an effect on its markets, the severe downside scenarios for which it has been planning now appear less likely to materialise.

Despite some regional variations, the group has seen continued stability in the UK housing market since it reported full year results on 30th April.

This also the company which has one of the largest exposure to the US housing market so a recovery in the real estate sector in the US would also add to its gains.

From the Chilcote inquiry: We have learnt lessons from this.

They are digging up the corpses and reviving them.

Off Point!

Some improvement. I hoped for better.

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The Group says it returned to an operating profit in the second half of they year as conditions improved across all its main markets.

Turnover was more than 25% lower at 2595.6m and the operating profit before finance costs, exceptionals and amortisation was 43.3m.

Of this operating profit, 14.3 million was generated by the UK business (2008: 53.0 million) and 48.1 million by the North American business (2008: 59.9 million).

During the year 10,186 homes were sold in the UK at an average selling price of 160k, 4,755 homes in North America at an average selling price of 171k and 225 homes in Spain and Gibraltar at an average selling price of 260k.

Going forward, Taylor Wimpey says that trading in the UK has continued to be encouraging during the first two months of 2010, with the improved conditions seen in 2009 still in evidence. Supply remains constrained and the restrictions on mortgage availability, whilst still having an impact on customers' ability to fund new home purchases, are gradually easing.

In North America, the stability seen in the US housing market during the majority of 2009 has continued into the early months of 2010. Affordability levels remain at record highs and suggest that there is scope for house price rises once the wider economic environment stabilises.

Pete Redfern, Group Chief Executive,adds:"Trading conditions for our main businesses stabilised through 2009 and we were pleased to return to operating profit in both the UK and North America in the second half of the year.

"Whilst we remain cautious, we are continuing to see slowly improving conditions across our main markets. Our active cost reduction, high quality landbank and strong order book position us well to increase profitability as markets recover."

Seems optimistic.

Probably a hold for a while.


Excerpt from above

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Home builder Taylor Wimpey has announced an operating profit for 2009 of just over 40m, with almost 10,200 homes completed in the UK at an average selling price of 160,000.

Pete Redfern from Taylor Wimpey says he believes the UK housing market has strengthened 'significantly' over the past year.

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Seems optimistic.

Probably a hold for a while.


Excerpt from above

================
Home builder Taylor Wimpey has announced an operating profit for 2009 of just over 40m, with almost 10,200 homes completed in the UK at an average selling price of 160,000.

Pete Redfern from Taylor Wimpey says he believes the UK housing market has strengthened 'significantly' over the past year.

===============

This share is beginning to move towards 45p resistance line having broken upwards through resistance of 40ish.

Would then expect 55p another <>20% from current 42.8p.

The projected fundamentals seem solid BDYOH

Very Bullish article.......

http://www.businessweek.com/news/2010-05-19/cheap-land-to-boost-u-k-homebuilder-margins-deutsche-says.html

Taylor Wimpey TW. on a momentum run over the past 2 days.....

Got a fair distance to move to get in line with these 2 latest broker reports........................

Date Broker name New Price Old price target New price target Broker change

24-May-10 JP Morgan Overweight 33.86p 58.00p - Reiteration
06-May-10 Collins Stewart Buy 38.02p 47.00p - Reiteration

A 58p and 47p SP target.

I'm still in ,,have been for ages ,,should have traded them instead of holding..

How is performing on the Indicators

Hi, Peeyam,any thoughts on TW performance it seems abit low key at present.

having bought at 32p sometime ago ,is it now worth another punt as the sp is now so low.? Any thoughts anyone.?

Yes, if you are under 30 and expect to see 50.

It depends on whether they can cover their borrowing.

I have some, but I am beginning to wish I didn't.

buy buy buy good tip they will double .

Hmmm - you have changed your mind then from posting here!

and on 18/4 sp was 36!

Halifax housing index still falling.

From Moneyweek magazine---------Average house price is 4.45 x earnings against the average post war - 1983 of 4. Factor in the low interest rates, and prices will almost certainly fall another 10%.
2517

like MRW in supermarkets, so in many ways TW. in housebuilding - their last results were interesting i thought

far cheaper to buy than rent dead money . these will double in the next 6 months .
you have been told .

Not sure about it doubling in 6 months Tanker, I got in on the 10th @39.7 on the spreads Sept contract.