Oh dear, two large companies combine and, like an intergalactic "event" only negative matter remains....a case of 1 + 1 = 0.2

Let me say - sp a year ago was 10x today's - so this business has earned its place in the 90% club....and maybe more to come, as they will need to go overseas for cash, if the UK is dry.

I doubt there is a UK Builder with enough dosh to bail-out this dullard. They all thought they could expand until the UK burst with immigrants - yet they consistently went for pricier properties and projects where ( even now), there is some doubt whether there are enough jobs to support new-build developments.

EDIT ( Nov 2015 ) - Seven years on and we're at 183p - so anyone that bought at the all-time Low has done very well - but the Market was fearful and that meant few were Buying. 2009/2010 averaged about 40p - that was a good time if you had the LT cash.
With the rise and yield-multiplier effect, this is looking like Buying it was "probably" inspired.... but it has not regained that earlier Value - which will surely take a lot longer.

dow futures pointing to a positive start, will give TW. the push to make a quick burst of a vertical move to 50p+ only for the really strong buying to kick in tomorrow IMHO

Buy TW. at all costs.

Why? Any particular reason (except that you want to short it from on high)? ;o)

How come we did nothing yesterday when the others were up
bdev 6.4%
bov 1.9%
psn 3.11%
rdw 4.24%

Yes this is the most recent thread..

Back up through 50p..

Back down through 50p :-)

It's been trying really hard to break through that 50p barrier; it'll get there...

Yup Toya hopefully i wont have to sit here posting up and down much longer ,i was becoming obsessed.. :-)

House prices climb back to 2008 levels
By Nicholas Paler | 10:41:42 | 10 September 2009

Use Citywire to pick funds, check share prices and monitor your investment portfolio.
House prices rose for the second month in a row in August according to lender Halifax, as the recovery in the battered property market continues.

The UK's longest running monthly survey of house prices revealed the average price had climbed by 0.8% last month, to 160,973, leaving homes costing slightly more than they did at the end of 2008.

While on a yearly basis they remain 10.1% lower, it represents a vast improvement from the low seen in April when they were down 17.7% annually.

Martin Ellis, Halifax's housing economist, said there had been a number of drivers of the recovery: 'Demand for housing has increased since the start of the year due to better affordability and low interest rates.

'This together with low levels of property available for sale, has boosted house prices over the last few months.'

The rise in price is the fourth one reported by Halifax this year, and part of the reason for the increase has been the improvement in affordability of mortgage payments.

Halifax said the typical mortgage payment for a new borrower was now down from a peak of 48% of average disposable earnings in the third quarter of 2007 to 29% in August.

The real test will come when interest rates rise, and the ongoing unemployment situation is not helpful, I still believe (maybe wrongly) that the housebuilders are painting too rosy a picture.
2517

George most stock prices got smashed and for good reason ,i still think this will be a lot higher in say one year ,negatives are the end of the stamp duty at 125000 at the year end i think then it goes back to 175000 also as you say general recovery ,people have to buy TW's houses ,however prices have stabilised and land values have stopped falling..

Jones Lang forecast 7% fall in property prices in 2010.

Who are Jones Lang ? ...Its rather like the markets there are all sorts of analysts calling a big drop and others saying that 5000 underpins the recovery ,no one knows for sure ,,lets see ...

The traditional autumn season for selling new homes has begun. But after 18 months in which new-build levels fell to unprecedented lows, those who were expecting bargain-basement deals might be in for a surprise.

Developers have had to lower their prices, but Knight Frank, the estate agent, estimates that prices for new-build houses are only 15 per cent off their 2007 peak, having bounced back about 10 per cent since the start of this year. Prices for new-build flats fell more steeply and are still down by about a quarter, but many agents and developers believe that the time for real bargains when housebuilders were desperate for cash and gave discounts of up to 40 per cent on finished homes is over.

The reason is that developers are starting to benefit from the mess they found themselves in. Meanwhile, would-be buyers are confronted by a market starved of new homes because housebuilders have been unable, or unwilling, to finance developments or to make their costs stack up against current prices. In the South East, one of the most resilient regions, the number of homes started last year was down 36 per cent on 2007 and at the lowest level since the Second World War. Homes being completed now would have to have been started in the depths of recession. Not enough people were brave enough, or stupid enough, to do it, says Yolande Barnes, head of residential research at Savills, the estate agent.

In Cambridge, David Bentley, who heads the new homes office of Bidwells, another estate agent, says that finished stock was being sold at a discount last year but there is very little left. In areas where theres a good track record of capital growth, homebuyers will need to get used to buying off-plan again, he says.

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The housebuilder Taylor Wimpey says that most of the new homes it will complete this year have been sold and it is considering starting up to 40 developments this year to sell off-plan. We will focus on more southern areas and there will be an increase in the number of family homes, says Kevin Belsham, the sales director

Looks like a bear squeeze here .

Opportunities among housebuilders, says RBS

Business Financial Newswire

Taylor Wimpey and Bovis are looking attractive following a sharp fall in the UK housebuilders sector after the Barratt and Redrow rights issues last week, says RBS.

Analyst William Jones reckons fundamentals are largely unchanged and opportunities look to be emerging.

On Taylor Wimpey (buy), RBS still has 15% upside to its 47p price target, while Bovis (hold) offers 10% upside to the target of 505p.

0604 GMT [Dow Jones] Morgan Stanley initiates coverage of UK builders, having a positive 12-month view on the UK housing market. Sees constrained supply driving house prices higher. Prefers Taylor Wimpey (TW.LN) and Barratt Developments (BDEV.LN), which it rates as overweight, with 64p price target and 250p ex-rights price target, respectively. Believes the market is undervaluing Taylor Wimpey's UK business "at just 0.9x tangible NAV when we apply a disposal multiple to the US division." Says Barratt Barratt's action to strengthen its balance sheet should create future value. Starts Persimmon (PSN.LN) and Berkeley Group (BKG.LN) at equalweight with 540p and 1000p price targets. (MMA)

Bouncing back now ,onwards and upwards ..

i agree with that jimmy b. i think this could be back at 55p some time early next year.