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.

no nutter not the word, just an investor earning a lot of money on the stock market

Post #119 says 64p. I'll be happy with that for starters.

Solid start to the week.

Home loans up 29% on last year
Date: Monday 12 Oct 2009


There was a small drop in the number of house purchase loans in August versus the month before, but they were 29% higher than a year ago.

People took out 53,000 loans to buy houses during the month, far less than the 100,000 average during the seven years before the credit crisis, but twice the level of activity at the start of the year, said the Council of Mortgage Lenders (CML).

It revealed that 19,200 loans were handed out to first-time buyers and 33,400 to home movers.

House purchase activity has revived from its moribund state at the beginning of the year, said CML economist Paul Samter. It will be a drawn out recovery process with seasonal ups and downs, but house purchase activity is now on a firmer footing.

The number of remortgages fell 22% in August to 32,000 for a 57% year-on-year slump, while their value declined 21% to 3.7bn, or 63% from August 2008.

Remortgaging activity continued to fall away due to the extremely low interest rate environment and restrictive lending criteria for the most attractive deals, said the CML.

The value of house purchase activity eased 3% from July to 7.2bn, while gross mortgage lending, which encapsulates all mortgage lending activity including house purchase, remortgage, and buy-to-let lending, tumbled 36% year-on-year to 12.3bn.

You still in GF ?? i was out and now back in after the drop.

Not trying to frighten anyone, this is just for info.

My partner and I are selling a property and viewing have been very frequent even in the area this property is located! However, in the last week we have had no one round. We viewed a property on Saturday which was owned by an estate agent and he admitted (confimed by my agent today) that the market has gone dead in the last 7 days.

This could be due to either 1) Just temporary weakness 2) A run down for Xmas (seems unlikely as that is usually at the end of November or 3) The end of the market improvement. If it is the latter then I would expect the builders to start retreating. I own TW. but confess I am nervous as the recent 6 mnths run coincided with a sudden upturn in the housing market.

As always DYOR

Yep same path as you Jimmy.

Out and now back in. Good trading stock.

Needs to get through the 45p ..

Yeah 1.45 :-)

Could help....

Housing market strongest since May 2007
Tue 13 Oct 2009

LONDON (SHARECAST) - Britains housing market improved in September as demand continued to outstrip supply, with the number of surveyors reporting rising prices at its highest in well over two years.

The Royal Institution of Chartered Surveyors said the number of surveyors and estate agents reporting an increase in prices beat the number recording a fall by 22%.

That was much better than the 10% figure for August and easily beat economists prediction for 15% this time. Todays number was the best since May 2007.

"A lack of supply is still underpinning the rise in house prices with new instructions to estate agents only edging up very gradually," said Rics spokesman Ian Perry.

"This imbalance between demand and supply suggests that house prices will move higher in the near term."

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=3058250

GF, I bought this on your recommendation.

Why hasn't it move up yet. 8-)

Look at my post 128

dd, I didn't realise your information could have such an impact on the market. 8-)

I think the drop is because Barclays dropped a large holding into the market over the last few days!

Support < => 40p.

Nor sure I agree with that Fred.

None of the builders had a great day considering the market rose 100pts. The market has a way of knowing when conditions change and they do seem to have changed the last 10 days. I'll keep you updated when we get some perspective buyers but as you say, support is at 40p so it will be intersting to see what happens then and whether any dip in the market is already priced in.

BlackRock Investment Management (UK) Limited - just over 5% (5.05%)

My god we've got a viewing. Things must be picking up!

Interim management statement.

Business Financial Newswire
Housebuilder Taylor Wimpey said UK housing market conditions continue to be significantly better than the equivalent period of 2008, with the average selling price for homes in the order book currently c9% higher than the 163,000 last year.

The main house price indices are showing increases over recent months, with a gradual improvement in mortgage availability and a recent increase in industry housing starts also contributing to positive sentiment.

Transaction volumes in the land market continue to be well below normal levels and the group remains cautious on large scale land purchases.

The US housing market has shown continued stability in the second half to date, giving cause for cautious optimism. In Canada, the more stable economic climate has been reflected in a more robust housing market and continues to perform well.

The business in Spain is performing well in challenging market conditions and plans to exit from the small business in Gibraltar remain on course.

Net debt currently stands at c860m, a significant reduction against the 1.87bn at the same point last year. The group expects year end net debt to be below 800m despite the decision to accelerate significant cash commitments forward from early 2010. This represents an improvement of 100m against previous guidance. "

After today lets hope this can move back to the 50's...

Certainly broken through the 40p level now. I'll be pleased when it's reared its head above 45p - heading in the right direction so far