Link to old thread






About us
We are one of the UK's largest residential developers. As a responsible developer we are committed to working with local people and communities.



Company Website

Financial calendar

Recent Broker notes

BarChart Indicators

Recent Market news

Taylor Wimpey Fundamentals (TW.)

Housebuilder target prices up by as much as 26%

Thanks skinny.

May 28: Citigroup Neutral - TP: 160p

Don't often see UTs for TW. with such numbers:

16:35:07 183.50 170,703,934 UT 183.20 183.50 Buy

June 3: JP Morgan: Overweight - TP: 205p

July 6: Brclays: Equalweight - TP:206.60p

Trading statement on Wednesday.

T

This Fund Manager has sold TW and says
it has become too expensive.compared with its peers.

Merrill Lynch seem to still quite like TW.
"Our key picks in the sector are Persimmon, where we have raised 2016 EPS forecasts by c6%, Taylor Wimpey which also has very strong cash flow characteristics, and Redrow. We are especially attracted to PSN and TW which offer dividend yields of 5.9%, and 7.9% respectively. Redrow, pays a very modest dividend, but on a PE basis is the cheapest stock in the sector on 8.4x 2016E."

July 14: Deutsche; Buy - TP: now 210p

StockMarketWire.com
Taylor Wimpey has advanced its H1 pretax profit to £237.2m, from £197.3m. Revenue totalled £1.34bn, from £1.19bn. Interim dividend was 0.49p a share, from 0.24p a year ago.

CEO Pete Redfern commented:
"We have used the opportunity of a stable and positive housing market to make significant progress towards our medium term financial and quality objectives.

"We are confident of achieving the three year financial targets that we established in 2014, and continue to invest in recruiting and developing our people and enhancing the quality of our homes.

"In line with our strategy, we have proposed a cash return of £300 million to be paid in July 2016, which takes our total cash returns to shareholders since we started the programme in 2014 to £600 million."

Highlights:

· Strong 2015 first half performance: Completed 5,842 homes (excluding joint ventures) across the UK, with a 9.2% increase in total average selling price to £225k (H1 2014: 5,695 homes at £206k), in a resilient and growing housing market; Record contribution of £55.9k per completion (H1 2014: £45.3k per completion)

· Significant progress made towards the Group's three year medium term targets: Operating profit margin up 310 basis points to 19.2% (H1 2014: 16.1%); Return on net operating assets up 540 basis points to 23.2% (H1 2014: 17.8%); Tangible net asset value per share⬠ increased by 11.5% to 82.1 pence (H1 2014: 73.6 pence), with 15.6% growth in net assets before cash distributions; Converted 45% of operating profit* to operating cash flow*** (H1 2014: 27%) on a rolling 12 month basis

· Further cash return of £300 million proposed, to be paid in July 2016, 20% ahead of the 2015 payment (July 2015: £250 million), reflecting increased cash generation and profitability.

July 29: Liberum Capital: Hold - TP: 165p

July 30:
Deutsche: Buy - Raises TP from 210p to 231p
Beaufort: Buy
JP Morgan: Overweight

Aug 3: Goldman Sachs reiterates Buy and ups TP from 207p to 215p.

RBC Capital downgrades TW. to outperform from top pick.
TP raised from 190p to 220p.

I hope it happens!


Which year?

Any ideas for the drop in price yesterday?

House prices , a bubble waiting to burst again ? do we never learn .

I have been wondering what to do with this one for a few weeks.

206p seems a resistance?


Think I will hold having Director Deals - Taylor Wimpey PLC (TW.)

BFN

Humphrey Singer, Non Executive Director, bought 25,000 shares in the company on the 18th December 2015 at a price of 196.60p. The Director now holds 25,000 shares representing 0.00% of the shares in issue.

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


-=-=-=-

Could be right!

He is a new independent non- exec director as from 9/12/15 so this is his first purchase so I wouldn't read too much into that Fred.
2517

Agreed, but it is better than a sell.