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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.)

TEF hasn't faired too bad today compared to the rest .

Taylor Wimpey remains on track

StockMarketWire.com

Taylor Wimpey said it remains on track to deliver good progress towards all of its medium-term targets in 2016. The company was performing well against a positive housing market, it said.

"The UK housing market continues to be underpinned by good mortgage availability and employment prospects," it said in a trading update.

"As at 24 April 2016 we are c.70% forward sold for 2016 private completions, positioning us well for the remainder of the year and beyond. As expected, the rate of build cost inflation has reduced, and we continue to anticipate underlying build cost increases of 3-4% in 2016.

"We believe that the recent House of Lords amendments to the Starter Homes provisions in the Housing and Planning Bill reduce the future risk of the scheme. If passed, these changes will ensure that the Starter Homes initiative provides an incremental improvement to the housing market.

"The uncertainty surrounding the European Union (EU) referendum has not impacted trading to date, and underlying demand remains solid across all of our geographies.

"Due to our customer base and supply chain being based principally in the UK, together with our strong order book, we are well equipped to react to any potential changes in the market that may be caused by the EU referendum."





Story provided by StockMarketWire.com

It's all Well and Good TW. saying they have a progressive dividend policy, when the div. is pathetically low DYOR. The extra-cash hand-out (May?) is hardly a correction, however welcome.
The Annual Report sp-graph conveniently forgets these shares were close to £4 prior to 2005.
EDIT(25Jn2016)-Well "BrExit" has done for us! TW down ~30% allowed DIR Baroness to buy 2x£20k-worth - a nice discount.....
I read ( see posts below), from FT..... "....UK housebuilders – including Taylor Wimpey – have seen their share prices pare back since January after a three-year winning streak, due to concerns that foreign investors would be deterred from the property market it Britain’s left the EU....."
So it is particularly odd that TW has been so severly punished - but that's Markets for you. Did anyone else buy . . . -or maybe wait for a further fall, if/when the French get nasty?

and fred was probably not showing signs of dementia at that time either

TW. up 5% This am.


http://www.ft.com/fastft/2016/05/17/taylor-wimpey-upgrades-forecast-raises-dividend/

Taylor Wimpey, one of the UK’s largest housebuilders, has upgraded its profit guidance and said it will boost its dividend payout, citing a “very positive” housing market with “high” consumer demand and confidence.

The FTSE 100 group said ahead of an investor day that it was confident in its business “against the backdrop of a strong, growing housing market”, after last month reporting that its order book was up 7.5 per cent from the same time last year.

It raised its guidance on operating profit margins to 22 per cent for the period between 2016 and 2018, and said that it will boost its total dividend payout for 2017 by 26 per cent to 13.8p a share, subject to shareholder approval. In 2015 its operating profit margin was 20.3 per cent and its total dividend payout 11p a share.

Taylor Wimpey said:

We believe that the land market is structurally different in this cycle, with fewer players and higher barriers to entry with increased upfront capital costs and expertise required to progress sites through the planning system.

The construction company said last month that its trading has been unaffected by the upcoming referendum on European Union membership, despite a series of estate agents warning of a fall-off in transactions.

UK housebuilders – including Taylor Wimpey – have seen their share prices pare back since January after a three-year winning streak, due to concerns that foreign investors would be deterred from the property market it Britain’s left the EU.

Analysts have warned that uncertainty around the referendum could damp demand for property assets just as the supply of high-end homes increases.

Doing well.

Worth a look!

Date Broker New target Recomm.
18 May Beaufort... N/A Hold
18 May JP Morgan... 250.00 Overweight
18 May Deutsche Bank 261.00 Buy
17 May Canaccord... 210.00 Buy
17 May Peel Hunt 205.00 Hold
17 May Liberum Capital 161.00 Sell
16 May Deutsche Bank N/A Buy
10 May Canaccord... 210.00 Buy
9 May Deutsche Bank N/A Buy
4 May Canaccord... 210.00 Buy

XD on 2/6 (9.2p)
2517

That will do.

Are they soon ready for the pick up?
They have been falling heavily for the last couple days and at 115p they seem having some support at the moment
as they move up and down from 113 to 116p

I agree at some point ,house builders getting hammered ,we still have a shortage of houses even if we slow down immigration .
Barratt the same.

It's too early - this drop will continue for next few days, don't catch a falling knife.

I agree. More downside to come for all stocks which are UK focused and reporting figures in Sterling.
Defensives for the moment are companies with $ earnings.

Bought some at 113p
Had to go to the MM as a long settlement T +15 was not accepted on the Platform

I said i agree at some point ,,there are several stocks like these worth watching ,i wouldn't buy yet but if they are going to hammer them down to silly prices (which they probably will) then they are worth looking at.

Order book has change from mainly this morning weakness

For the last 15 minutes the bid side has change and the DEPTH (no. orders ) is well ahead of the offer side.

I hope is the starting of a bounce back

Closed @ 116p, just a bit of bounce back at the end

The chart does not work properly and showing 112.15p, it looks like is 15 minutes behind or just stop working

you did well to duck out even with a diddly profit
logic says that the markets must surely have fallen enough, but logic and reality have little correlation these times

Directors Shareholding

2 directors bought shares last Friday and one today paying much higher prices 145, 146p and 134.76p today

Trade of 11M as UT @ 115.80p

That is a very large trade at the end
16:35:16
115.80p
11,532,827 UT

edit 11:12pm

Questor share tip: Housing stocks creaking under Brexit uncertainty

House prices have continued to rise this year, even with the EU vote looming
Marion Dakers - 27 JUNE 2016 • 6:36PM
Taylor Wimpey £1.16 -20.3p
Questor says Avoid

The dust is far from settled following the Brexit vote last Thursday, and stocks are in flux throughout banking, property and transport.

Housing developers have been on the receiving end of some particularly aggressive selling in recent days, as investors fret that the decision to leave the EU will curb domestic appetite and scare off overseas buyers.

Questor warned last week that the property sector was one of the most exposed industries to the pain of Brexit, as a vote to leave could put the brakes on demand, particularly in the booming London market.

Taylor Wimpey shares have now almost halved since May 24, when they hit 210.3p, the highest point since the 2007/8 house price bubble burst.

On Monday, the stock was also among the unhappy group that triggered the London Stock Exchange’s circuit breakers, intended to pause shares for several minutes when they become overheated.

But is the sell-off justified?


The state of the market

Taylor Wimpey had a lot going for it: a solid presence across the country, 7.5pc sales growth last year and a penchant for special dividends.

The firm makes around a third of its sales in London and the South East, and relied upon the Government’s Help to Buy scheme to subsidise mortgages for 37pc of its customers last year.

Taylor Wimpey is not the only housebuilder propped up by Help to Buy, and it’s not even the most aggressive in this slice of the market. Persimmon, for example, sold 6,110 of its 10,043 homes last year to customers with Help to Buy mortgages, while Barratt Developments reported that 31pc of its sales relied on the scheme.

However, both the international London market and first-time buyers are now particularly vulnerable to the economic lurches that Brexit brings. Analysts at Liberum said that slowing economic growth, rising long-term interest rates and political uncertainty “is like Kryptonite” for housing stocks.

Forecasters have already lowered their outlooks. The CEBR think-tank still expects prices to rise 4.5pc this year, down from a 4.9pc growth prediction before the referendum,

Even before the outcome of the vote, Berkeley Group had sent a chill through the market earlier this month by suggesting that reservations were down 20pc on uncertainty about the referendum. This warning was followed by official figures showing a 13.8pc fall in house sales in May compared to a year ago, partly because many rushed to sell in March ahead of a new 3pc stamp duty on second homes.

Supply problems

Taylor Wimpey has a land-bank of about 76,000 plots, but how quickly will it convert that potential into cash flows?

The ability to supply the housing market with more stock could also be at risk. The CEBR think-tank estimates that one in 20 construction workers come from other EU countries, who came to fill an acute skills shortage in the British building industry.

Their right to work in the UK could be limited or removed, depending on the terms of Britain’s exit from the EU, which is at least two years away. Even if their status is unchanged, the uncertainty could prompt many to leave the country for a more stable region.

Rising house prices have so far outstripped growing labour costs, which were expected to increase by 4pc this year. A crash in prices could turn this on its head.

Economic gloom

The swaps market is now pricing in a 15pc chance of UK interest rates turning negative over the course of the next year, according to Hargreaves Lansdown, signalling a period of weak economic growth and uncertainty for the housing market.

Taylor Wimpey has fortified its balance sheet to hunker down in the event of a downturn, having cut its net debt to £94.8m last year and doubled its net cash to £223.3m, even as it paid a £308m special dividend. The firm also enjoyed an operating profit margin of 20.3pc last year, meaning prices would have to take a substantial dive before it swings to a loss.

So the company seems capable of weathering economic headwinds. For now, though, the market is ill-equipped to price property stocks given so many uncertainties about supply, demand and the overall economy. Avoid.

Foxtons

£1.04 -30.5p

Questor says SELL

Foxtons’ profit warning meant the estate agent was also in the dumps on the market, losing 22.6pc and leaving the firm at its lowest ever closing price. The heady days when the stock was pushing £4 less than a year after the initial public offering in September 2013 seem like a distant memory.

Peel Hunt analysts were particularly gloomy about the firm, saying its annual profit forecast of £42m could be halved, and that even a recovery in the London market would not be enough to revive the estate agent when its competitors are eager to undercut it on commission.

The Questor column advised selling in March, after Foxton posted a 2.6pc fall in annual profits as cheaper rivals sprang up across its London heartland.

The firm has previously managed to balance falling sales with the growing lettings market, but this equation no longer works if there is a broader draining of activity from the capital city. We see no reason to take the plunge, even at the current rock-bottom price. Sell.

Housebuilders bıggest worry ıs the Banks havıng any spare to lend ınto the mother of all bubbles agaın.