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



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Taylor Wimpey Fundamentals (TW.)

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.

TW's profit

StockMarketWire.com

Taylor Wimpey has hiked its FY pretax profit to GBP603.2m, from a profit of GBP468.8m. Revenue had improved to GBP3.14bn, from GBP2.67bn. Total maintenance dividend was 1.67p a share, from 1.56p.

It completed a total of 13,219 homes (excluding joint ventures) across the UK, up 7.5% from the prior year's 12,294 homes. There was an 8.0% hike in total average selling price to GBP230,000, from GBP213,000.

Taylor Wimpey said it had a record year-end order book representing 7484 homes, from 6601 at end-2014, with a total value of GBP1.78bn, from GBP1.4bn, excluding joint ventures

CURRENT TRADING AND OUTLOOK

"The UK housing market remained robust during late 2015 and has strengthened into the beginning of 2016. The market continues to show price growth and very good sales rates across most geographies.

"In central London, the market is stable, with flat prices and sales rates returning to a more normal level.

"The net private sales rate for the year to date (w/e 21 February 2016) is 0.77 (2015 equivalent period: 0.68). As at 21 February 2016, we are c.50% forward sold for private completions for 2016 with an excellent total order book of �2,030 million (2015 equivalent period: �1,630 million), excluding joint ventures.

"We have been successfully operating to our strategy for five years now, running the business according to our underlying principles. During that time we have invested heavily in land and people development.

"In 2015, we delivered record operating results, and returned over �308 million to shareholders by way of total dividend. Today, Taylor Wimpey has one of the largest strategic land pipelines in the sector with c.107k potential plots, together with a high-quality short term landbank of c.76k plots.

"The success of our strategy over the last five years, partially helped by a stable and positive market, has given us the opportunity to focus on continuously improving our business processes and systems, including our customer service, ensuring consistency across our 24 business units."

Deutsche Bank today reaffirms its buy investment rating on Taylor Wimpey PLC (LON:TW.) and raised its price target to 247p (from 233p).

Anyone unhappy, like I am, about the drop in SP over the last few days, may feel a little happier by looking at the after hour trade reports for the last week.

This stock has traded sideways (within a range) for nearly a year. Wouldn't that indicate that it is fairly valued?

TP about 210 from brokers.

06-Apr-16 Charles Stanley Buy 193.70p - - Reiteration
24-Mar-16 Goldman Sachs Neutral 186.80p - 231.00p Reiteration
17-Mar-16 HSBC Buy 188.50p - 210.00p Reiteration
02-Mar-16 JP Morgan Cazenove Overweight 182.30p - 220.00p Reiteration
02-Mar-16 Canaccord Genuity Buy 182.30p - 210.00p Reiteration

From EPS projections 210- 230 (if you believe them).

Future Yield promises are good!

Shortage of housing, and drop due to over sale before recent change of taxation.

Cockeyed market due to Brexit.


Could be wrong.

Can Housebuılders get anymore prıcıng power ın wıth values already on levels out of reach for most?

May be thıs ıs the top!!! For now.

They are all a bit weaker again today, you may be right CD.
Fred, brokers rec's to be taken with a huge block of salt, why would they post their rec's for all and sundry to digest, is that not disloyal to their fee paying clients' ?
2517