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.

Taylor Wimpey says Government can't fix the housing market
By Jamie Dunkley
Last Updated: 11:41am BST 27/08/2008

Taylor Wimpey has warned that the Government is unlikely to be able to offer a quick fix for the country's ailing housing market, as the housebuilder reported a plunge in first-half profits.

One of Britain's biggest housebuilders saw first-half profits drop 96pc to 4.3m in the first six months of the year. Taylor Wimpey also revealed a total write-down of 1.5bn in the period, including 690m on its landbanks in the UK, North America. Including the write-down the company slumped to a loss of 1.4bn.

The end to Britain's decade-long housing boom has savaged profits at housebuilders and estate agents and pushed the country to the edge of its first recession in almost two decades.

The speed of the reversal has left Gordon Brown trailing in the opinion polls and prompted calls from many in the housebuilder industry for the Government to step in.

Chief executive Peter Redfern said: "Of course we'd like to see the Government help the market, but our view is slightly different to some other companies," he said

dreadful news.....cant believe sp is only down 4.8% considering present market.....this should be down max of 20p......could go bust early next year

Wow, scottie, I could not believe that you utter such blasphemy on TW. I thought that is my specialty.

more horrendous news on mortgages today.....95% down

cant be long before this dog is put out of its misery.......it will break its bank covenants and go bust soon

23.5p low today......not long to go before banks say bye bye to them

Looks like banks may have refused to extend its covenants.

it was stated a few months ago it has till feb i think..........cant see it happening considering global financial mess.
barretts and tw. to go bust

tanking again......not long to go now

17p...going down the pits.

they would be better off mining

what the hell is happening to builders today?

probably expecting a rate cut but nevertheless for TW. to be up 30% is extraordinary.

I'm not complaining mind...

Traders bottom picking, imo. Suspect it will be short lived.

Bought a few today at 33p - after the news of Taxpayers' injection for Banks . . . . I think Banks will have to use this to lend - and where will that be?
I suspect homeowners and movers maybe - not a rush - but a softening of the dead-stop we are experiencing.

Will TW start building again this week - of course not, but it gives them a lifeline and hope that employment may be restarted as small projects are finished-off ( those houses that are in part-build state, perhaps)....

Who knows? it could be a massive con - BUT - it's the only one in town, so get in the queue and stop grumbling.
Ho-Ho

Hangon, when you are in profit, I would seriously consider taking it. This is a very risky investment. This stock is heavily traded by the day traders (have a look at the intraday chart) & the fundamentals are poor at best.
Ever decreasing property prices, decreasing land bank values, part built sites with building materials being sold off to raise cash, heavy debts and very limited cash flow etc etc....
Long term the housing industry will probably bounce back, as it usually does, but TW. may not survive that long.

TW. has huge mountain of debt.

The way this is going it will be 5p within days.

Well, it is a penny share then.

As per Investor's Chronicle last week - it's option money. It will either go bust or go up 4/5 times.

bust!

almost htere.