(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.

inverted head and shoulders - aka upside-down graph!

and going south.....tip it up the other way.....quick.,.

Taylor Wimpey the homebuilding company with residential developments in the UK and Spain, saw its share price boosted to 45.3p, a jump of 1.1p or 2.5% on the back of some very encouraging results for the six months to 1 July 2012.

Group operating profit increased by 50% to £100.9 million with pre-exceptional profit before tax increasing by 171% to £78.2m. This profit has been achieved by selling more properties and at a higher margin, which has increased to 11.1% from 8.2% in 2011 with the average selling price of their properties now increasing by 4.8% to £176k and completions up to 5,083, an 8% increase.

The homebuilding sector is fighting the general malaise in demand for property and investors can be pleased that Taylor Wimpey is performing strongly alongside the likes of Barratt , Bellway , Persimmon and Bovis.

The company have focused on obtaining customers in the current uncertain market with initiatives such as the NewBuy and the government-backed FirstBuy scheme. Part-exchange is also offered on many properties although Taylor Wimpey are selective regarding the properties it will take and generally will offer a significant discount on the property offered up for exchange. Additionally, appealing incentives in the form of cash discounts and free optional extras are offered to entice potential purchasers.

Additionally, customer satisfaction has increased to 91.8% from 89.5% in 2011, which underlines the five-star rating the company received in the Home Builders Federation's survey.

Looking forward, 6,890 new plots have been approved for purchase, an increase of 30%, and planning consents have been achieved on 1,565 plots.

An interim dividend was announced of 0.19p per share from the cash reserves of £123.8m

Baroness Brenda Dean has taken a huge risk.


Director Deals - Taylor Wimpey PLC (TW.)

BFN

Baroness Brenda Dean of Thornton-le-Fylde , Non Executive Director, has re-invested 39 shares in the company on the 25th September 2012 at a price of 55.65p. The Director now holds 59,848 shares representing 0.00% of the shares in issue.

Story provided by StockMarketWire.com
Director deals data provided by www.directorsholdings.com

After last night's watchdog I would have expected her to dump the lot, mind you she's holding diddley squat.
2517

Didn't see it George, what was said?

Stan, some horrendous building blunders by TW resulting in vertical and horizontal gaps 30mm wide in new build houses, shows expert recommended that one house in particular needed to be pulled down and rebuilt from scratch. They were built on part clay.
2517

Ah Clay is that the same as "Part Clay? Clay has a habit of moving/cracking with some different weather conditions so a well respected Builder I was talking too explained a few months ago. He also said that Sand (providing it's not disturbed) is actually safer in that respect.

Areas in the South East/London are particularly potentially vulnerable.

On another note, did TW takeover Barratts? or are they still a separate Company do you know?

Separate co.
2517

Thanks.

Ed: Ah yes here they are http://www.moneyam.com/InvestorsRoom/posts.php?tid=13208#lastread

We have Barratt houses built here about 30 years ago where the lintels over the patio doors aren't long enough to reach the brickwork either side, so I think that they somehow manage to get away with sub standard build every time. However they are comparatively cheap and almost affordable to the first time buyers, so that was the original object. No doubt they will be pulled down in 50 years for more eco-friendly versions!
I wonder who built that block of flats near Newcastle? Just the pilings supporting the building as all of the subsoil has been washed away!

Stan,

Who built your house?

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Don't talk TW. down.

I have had a large hold of these since jan 2009.

8-)

"Stan,

Who built your house?.. Some bloke called Gerry I think -):

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Don't talk TW. down.

I have had a large hold of these since jan 2009.

8-)".. Wouldn't dream of it.. I blame George -):

So do I.
2517

-):

Housebuilders seem to be gaining every month, and the one I'm picking for October is Taylor Wimpey , whose shares gained a very nice 6.8p (12.5%) to 61.1p during the month. The shares are on a P/E of 16 for the year ending December, which is high compared to the FSTE long-term average of about 14.

But with strong earnings growth forecast, that drops to under 13 for next year, and the shares are on a PEG ratio (which compares P/E to earnings growth) of only 0.2 for this year and 0.4 for next -- growth investors generally see anything under 0.7 as a good sign

Not sure what has happened with this thread.

And reposting RNS of the morning.

Taylor Wimpey sees FY profits at upper end of its expectations

StockMarketWire.com

Taylor Wimpey said it sees its full-year profits at the upper end of group expectations and that consumer sentiment was more positive in the first weeks of 2013.

The company said it expects its operating profit to be up by more than 40% in the year to Dec. 31, 2012, with its operating margin to been full-year 2011's 8.8% and first-half 2012's 11.1%.

"We expect to report 2012 full year profits at the upper end of our expectations," the company said in a trading statement.

"Two weeks into 2013, consumer sentiment towards the housing market is more positive than we have seen in recent times," it said

"Clearly it is too early to judge the market for the year, but we maintain a positive, although cautious view in the short term."

Chief executive Pete Redfern said 2012 was a year of progress for Taylor Wimpey.

"We are delivering on the strategy that we set out in 2011, including a return to UK double digit operating margin ahead of schedule," he said in the trading update.

"As we look forward to 2013, we are confident that we will continue to deliver against our key objectives and target further improvement."

The company said underlying market conditions in the UK had remained stable since November 2012.

"While mortgage availability remains restricted, some major lenders have recently reduced their rates and we hope that this trend will continue as the Funding for Lending scheme gains traction," it said.

Average selling prices on private completions increased by 6% to £197,000, against a backdrop of broadly flat house prices.

The company's overall average selling price has increased by 6% to £181,000 (2011: £171,000).

Home completions rose 7% to 10,886, including joint venture, up from 10,180 in 2011, of which 18% were affordable housing completions (2011: 20%).

Our net private reservation rate for the full year was 0.58 homes per outlet per week (2011: 0.54) with cancellation rates below the long term average at 15.2% (2011: 15.8%).

"We start 2013 in an excellent position with a substantial order book with an increase of 14% in value to £948m as at 31 December 2012 (31 December 2011: £835m), representing 5,966 homes (31 December 2011: 5,379 homes).

"Our focus on prioritising both short and long term margin performance ahead of volume growth remains and we are pleased to report further improvement in the margin in the order book with the growth driven by the strength of the private reservations."

Of the group's operations in Spain, it said the continued wider macro economic uncertainty had contributed to the challenging market conditions.

Despite this backdrop, we have completed 156 homes (2011: 109) at an average selling price of £189k (2011: £238k), with the reduction in selling price primarily due to mix. The Spanish housing business made a small profit during 2012.

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On its strength, will whole shares and buy a small dose of S/Bs.



Repeating it is a funny market, but I am not laughing at the moment

Fred, any chance that you can you use this thread which is more current and searchable by ticker?

Sk.

Was looking for the thread you have pointed to.

Happy to do so!

8-)