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.

Hangon, when you are in profit, I would seriously consider taking it. This is a very risky investment. This stock is heavily traded by the day traders (have a look at the intraday chart) & the fundamentals are poor at best.
Ever decreasing property prices, decreasing land bank values, part built sites with building materials being sold off to raise cash, heavy debts and very limited cash flow etc etc....
Long term the housing industry will probably bounce back, as it usually does, but TW. may not survive that long.

TW. has huge mountain of debt.

The way this is going it will be 5p within days.

Well, it is a penny share then.

As per Investor's Chronicle last week - it's option money. It will either go bust or go up 4/5 times.

bust!

almost htere.

feb as thats when banking covenants will be broken although maybe the market will have killed it by then

Going bust soon

Up 20% today so maybe this is looking a lot better?
What's odd is the sp graph that appears to drag along the zero-line....why is the price-axis going to 16?
-(-Bring that down to maybe 3 and it would be easier to see the changes.-)
I bought this in the belief that the Gov would use the recession to start building "council" properties and TW. is well-placed to addrerss that level of building, being towards the lower-end, as it is.

TW. up on news that Private Equity is interested, presumably they can see that in 5+ years there might just be someone with money to buy into UK Plc. The Land-bank is valuable, at least in respect of a going-concern. Furthermore, the Company has a gopod name and is a "established-player".
Yet I wonder what the Company would think is a decent Exit-Price?

Can someone explain why the Charts are so poor - surely they should reach at least 75% of the vertical height?

Massive amount of debt.

approaching 5p incredible.

bye bye

I bet a lot of shareholders are pretty much resigned they are ruined.

sp sure tells that story - but isn't this a case that with TW. oweing so much, it is the Banks that will suffer the greater loss?
Their land-bank can't be worth much and part-built houses ditto. So Banks can only hope the Government wants some "social housing" - even if this is only "Starting soon" - that at least would give TW. some breathing space - - - - ...It's not as though TW. built a tower-block that collapsed, is it?....this sp-fall is "general Market Woes...rather than Co-specific (ignore Debt)

I expect there will be a debt for equity swap with the banks at some stage with current shareholders more or less wiped out, particularly against current background. One for highly speculative punters.

Any thoughts on where this might go on monday

Any thoughts on where this might go on monday

Taylor Wimpey leak reveals refinancing deal near
17 December, 2008

By Tom Bill

City analysts say leaked internal email suggests increased likelihood of deal early next year

Analysts have said that an internal email sent by Taylor Wimpey chief executive Pete Redfern to staff on 12 December suggests an increased likelihood of a refinancing deal in the new year.

In a letter to staff, Redfern said debt talks with lenders are progressing well and that a formal deal is likely by the end of February.






Redfern: "very productive couple of weeks on our debt negotiations"
One analyst said: It doesn't mean they are out of the woods, but it looks like they'll get a lifeline. It could be that he expected this email to be leaked and is a parting shot to the City before it closes down for Christmas.

The letter in full reads as follows:

Dear all,

Given that our share price is 'somewhat volatile' and that over the last few weeks we have had more press coverage than if Angelina Jolie gave birth to Siamese twin chimpanzees, I thought it was time for a further update.

We have had a very productive couple of weeks on our debt negotiations with our banks and US lenders, significantly increasing our confidence of reaching an acceptable solution for the company. We have also had our first meetings with Eurobond representatives, which have been constructive and sensible.

There is still plenty of water to go under the bridge, as there are is a formal process to go through that will probably run until roughly the end of February, however, the risks have reduced materially.

It is critically important that we continue to focus on our underlying business, particularly delivering year end completions and keeping cash outflows to a minimum - I have no doubt that you are all fully focused on this.

I am very proud of the way everyone has continued to pull in the same direction through such a difficult time and again, I would like to thank you for all the hard work. At this point, I would particularly like to thank the Corporate team who have been heavily focussed on the debt process over the last few months and the High Wycombe team, who have been working hard to provide the data and support to this.

I would anticipate one more update before the Christmas break, which should confirm this progress and perhaps set out the broad timetable you can expect in the New Year.

http://www.building.co.uk/story.asp?sectioncode=284&storycode=3130102&c=1