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.

"Rome wasn't built in a day" - that's 'cos TW weren't on the job! ;o)

Nothing wrong with TW HARRY ,just a bad housing market.

Well that little rise was short lived.

Now, where have I heard that before???

Hope its not from your personal performance HARRY !

Dunno, but I suspect this is L-T holding. Bought mine near the low and maybe this will be revisited IF there is some bad news.

I don't take much comfort from Media-reports about "house prices", since the numbers are way below "normal", so the h-market is grossly-distorted, er, IMHO.

http://propertytalklive.co.uk/new-homes/2590-2010-house-hunters-should-act-now-says-taylor-wimpey

Board changes.

Norman Askew, Chairman of the Board of Taylor Wimpey plc has today confirmed his intention to stand down from the Board by the end of December 2010.

House hunters looking to move in 2010 should start their search now, according to Taylor Wimpey. The housebuilder has sold its entire allocation of properties at Rose Hill in Oxford for 2009, and is now selling homes which will be completed by summer next year.

55 homes were sold at the popular development in 2009, showing that new build homes are still in demand in Oxford. And with the average cost of UK properties rising by 9% during the second half of 2009*, Taylor Wimpey is encouraging prospective purchasers to reserve now for 2010.

Neil Simpson, regional sales and marketing director for Taylor Wimpey, said: "Despite the credit crunch and its knock on effect on the property market, we are in a strong position at the end of 2009 and are already building up our order book for next year.

"The market is changing - a rise in mortgage approval levels means demand has really picked up recently. Prospective purchasers looking to move in 2010 need to start their search now, especially if they are after a new build property.

"We're already forward selling homes at Rose Hill which won't be completed until next summer, so I'd encourage them to visit us now so they have a chance of reserving their property now and aren't disappointed in a few months' time."

Currently available at Rose Hill is a selection of two, three and four bedroom properties. Homes will will be ready to move into for summer 2010 include the Harvington, a popular three-bedroom townhouse offering flexible accommodation to suit a range of purchasers, from families needing more space to young professionals seeking a long-term investment property.

Priced at just 229,995, the Harvington comprises a fully-fitted kitchen and spacious open plan living and dining area on the ground floor, two generous bedrooms and a family bathroom on the first floor plus a generous master bedroom in the eaves. The master bedroom has fitted wardrobes and an en-suite shower room for privacy. One of the bedrooms on the first floor could be converted into a study, allowing occupants to work from home.

Situated on the outskirts of Oxford, Rose Hill benefits from a host of local amenities and facilities including shops for everyday needs, a supermarket, pubs, restaurants, cinema and a David Lloyd health club.

Rose Hill is situated a short distance from the ring road offering easy access into Oxford city centre, whilst Redbridge Park and Ride is also nearby. The A34 is approximately five minutes away which links to the M40 for easy access to London and the Midlands

BROKER CALL: Citi upgrades Barratt, Wimpey and Redrow
16 December, 2009 06:33:25 AM


Broker has become very bullish on the housebuilders. Upgrades the trio to buy and expects the sector to rebound strongly so long as there is not a double dip recession. Citi says: 'We are now buyers of the whole sector, somewhat indiscriminate we know, but we think the negative market sentiment is overdone and that the whole sector now looks good value on a 12-month basis. In the medium term, our view that the winners will be
the better capitalized companies with the longer land banks remains intact.'

The UK house building sector is now cheap having already discounted another dip in house prices next year, and share prices could therefore rise by around a third as the market recognises this, Citigroup has said.

According to the broker, the sector has been affected by what it called a 'disproportionate double dip discount', with shares having fallen 20% in the last three months on fears of an expected downturn in house prices in 2010.

But Citi analyst Aynsley Lammin has argued that underlying fundamentals have continued to improve in recent months, with house prices recovering some 8% from their April low, meaning the sector could withstand some deflation in prices next year anyway without having to mark down their assets once again.

Lammin added: 'Underlying fundamentals have continued to improve, as seen in house prices, mortgage applications, housing transactions and consumer confidence.'

Lammin said the whole sector was essentially cheap at current levels, adding that there could be 'scope for at least 30% upside, if not more, as the market re-rates the sector.'

I'm still a holder here, although down on this one i'm still thinking a year ahead.
How's you GF ?

Up slightly Jimmy.

Bovis is looking a good bet, not yet in though.

wouldn@t give any credence to Citigroup analysis, most of us see housing demand falling as unemployment climbs in 2010.

not inclined to agree, though there may still be an overhang of buy-to-let houses being forced onto the market

cynic how do you equate rising unemployment with rising demand for homes?Presumably you don't think unemployment is going to increase significantly in 2010.

I'm with halifax on this one, I still think a too rosy an outlook is being promoted, if/when the UK's credit rating is cut and with inflation niggling away the only way to support sterling will be higher interest rates which will put paid to any so called recovery, full stop, let alone in the housing market. AIMO of course.
2517

BROKER CALL: Goldman Sachs keen on builders; Taylor Wimpey, Barratt upgraded

22 December, 2009 06:34:10 AM


Big sectoral piece from Goldman should generate interest in the builders. Raises Taylor Wimpey and Barratt Developments to buy from neutral and repeats its buy on Berkeley Group. Redrow remains a sell and the least attractive pick in the 'housebuilder universe'. Broker tells us: Sector valuation starting to look reasonable. After underperforming the FTSE 100 by 24% over three months, and trading below 1.0x book, we believe the valuation of the UK housebuilders is now more reasonable, although returns may
remain depressed for at least two years.'

22-Dec-09 Taylor Wimpey TW. Goldman Sachs Buy 35.61p 52.00p 47.00p Upgrade

Lets hope so GF ,this is my one loser at the moment, back in the UK for xmas ,bloody freezing..Happy Christmas.