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.

Looks like 3 house builders are up partly because of this:
"Horizon has noted the press speculation that it is in discussions with Crest Nicholson.

Horizon confirms that, in line with the strategy set out in its prospectus published on 4 February, 2010, Horizon is in preliminary discussions with several different companies, including Crest Nicholson, with a view to potentially executing a transaction with one of them. At this point, no view can be expressed as to whether a transaction will result from any of these discussions.

Horizon notes that, in line with its prospectus, Horizon will not acquire more than one company.

Further announcements will be made as appropriate".

Interim Management Statement

Market conditions remain encouraging, with continued gradual improvements in mortgage availability and buyer confidence.

We entered 2010 with a strong order book position and have continued to focus on building on this sales momentum and enhancing margins. We are approximately 99% sold for the half year and 74% sold for the full year targeted completions.

Private sales rates remain in line with those achieved in the equivalent period of 2009 at an average of 0.61 sales per site per week net of cancellations. Cancellations are running at long-term low levels of 14.8% for the year to date, which is also a significant improvement on the 18.5% in the equivalent period of 2009.

Prices achieved on sales of private homes are up by approximately 9% on the equivalent period in 2009, of which around 5% results from active changes in mix and approximately 4% from underlying price increases.

We remain active in the land market, focusing our attention on the opportunities available to acquire good quality land at attractive prices.

Appointment of Chairman

Taylor Wimpey plc today announces the appointment of Kevin Beeston as
Non-Executive Chairman, following a selection process led by Rob Rowley, Senior
Independent Director, on behalf of the Nomination Committee. Kevin joins the
Board with effect from 1 July 2010 and will take up the role of Chairman on that
date. Kevin will succeed Norman Askew, who announced his intention to stand
down from the Board in December 2009. Norman will step down as Chairman and
leave the Company on 30 June 2010.

Whoops! -Butterfingers.
TW. stock fell 6% on this News...or was it the general concern over EuroZone finances, where many Stocks took a battering.....?

I think TW. is linked to "Finance" and "Feel-Good"

http://www.businessweek.com/news/2010-05-19/cheap-land-to-boost-u-k-homebuilder-margins-deutsche-says.html

Broker Buy out late yesterday......

Taylor Wimpey PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
02-06-10 BUY -0.12 -0.63 90.88 1.99

Taylor Wimpey ST: short term rebound towards 41.75
03 Jun 2010 - 10:12

Click here to see our chart:
http://www.tradingcentral.com/chart/TWGBp100603111056.gif
Our pivot point is at 30.5.
Our preference: short term rebound towards 41.75.
Alternative scenario: below 30.5, expect 26.75 and 24.25.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and
above its signal line. The configuration is mixed. Moreover, the stock is
trading under both its 20 and 50 day MA (standing respectively at 34.93 and
37.54).
Supports and resistances:
44.25 *
41.75 **
39.25
34.5 last
32
30.5 **
26.75 *
---
TRADING CENTRAL is a commentary service specialising in technical analysis.
For sales enquiries please call your Reuters account manager or TRADING
Central
by phone: New York (1) 212 812 2400 Ext 29, London +44 (0) 207 429 3980 or
Paris (+33) 1 5528 8040

Not far from my target of 27p (post 198), which I am beginning to think may still be too high.
2517

Yes its difficult to see where any upside is going to come from short term. I still hold these - albeit they are 'free' and have been watching a couple of others in the sector. But for the moment, watching is about as far as it goes!

skinny, at some point these and other housebuilders will represent value, I will be looking to buy @ around 27p, there may be further downside from there but imv the risk may be worth taking, even if it turns out to be a longer term hold.
I think once the emergency budget is out of the way and the price we all have to pay for the previous government's waste is realised, then markets could edge forward, the uncertainty will be removed.
2517

Director Deals - Taylor Wimpey (TW.)

Christopher Rickard, Financial Director, bought 389 shares in the company on the 7th June 2010 at a price of 32.14p. The Director now holds 81,472 shares representing 0.00% of the shares in issue.

I guess the time to buy TW. will be when the directors start buying them, apart from a holding of 200k and another of 195k (in themselves nothing to get excited about) the next highest holding is that of the FD (see above post). All in all between them the directors hold next to diddley squat, even @ these levels.
2517

Talked it up George:
"BFN
Christopher Rickard, Financial Director, bought 86,660 shares in the company on the 10th June 2010 at a price of 28.85p. The Director now holds 168,132 shares. "

Harry, similar action at BDEV - now both positive.

HC, maybe he read my post ha!ha!-----I'll have to try that on some of the co's I hold shares in. The FD has doubled his holding here, I like to see more than just one director buying and in decent share numbers, at least it's a start.
2517

http://www.telegraph.co.uk/finance/financevideo/yourmoneytheirhands/7818371/Questor-Plus-Podcast-Undervalued-shares.html

Undervalued now ,i expect a bounce soon .

George, looks like you have the midas touch:
"BFN
Peter Redfern, Chief Executive Officer, bought 159,035 shares in the company on the 21st June 2010 at a price of 31.44p. The Director now holds 354,445 shares."

HC---I wish. Always a good sign the directors buying, long may it continue.
2517

RNS Number : 0415O
Taylor Wimpey PLC
22 June 2010

Taylor Wimpey plc


Share Dealing


Further to the announcement made by Taylor Wimpey plc ("the Company") on 24 May
2010 which confirmed that Kevin Beeston had acquired 300,000 ordinary shares,
the Company announces that Kevin has today acquired a further 158,077 ordinary
shares at 31.63p each. As previously announced, Kevin will join the Company as
Chairman with effect from 1st July 2010.

Trading Update.

The Group as a whole continues to perform in line with our expectations in a gradually improving, but still uncertain, trading environment.



UK Housing

The UK housing market has maintained an encouraging level of stability since our Interim Management Statement on 29 April. Mortgage availability has improved slowly since the start of the year.

Private sales rates for the year to date remain broadly in line with those achieved in the first half of 2009 at an average of 0.58 sales per site per week, net of cancellations (H1 2009: 0.61). We saw a slight softening in sales around the time of the General Election, although sales performance has strengthened in recent weeks. Our order book remains strong and we are now 83% sold for our full year targeted completions.

Our focus remains on achieving price improvement rather than increasing volume, and prices on reservations have shown a further slight improvement since our Interim Management Statement. Cancellation rates remain at historic low levels, with the year to date average running at 16% (H1 2009: 19%).

We expect to complete around 4,650 homes in the first half of the year (H1 2009: 4,702) at an average selling price of approximately 167k (H1 2009: 153k).