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.

Missed this broker reco from yesterday, going to see plenty of upgrades in next 48 hours I believe......

Taylor Wimpey PLC

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

Panmure Gordon
02-08-10 BUY -23.40 -0.53 46.90 1.04

NEWS WATCH Taylor Wimpey ST: short term rebound
03 Aug 2010 - 05:21

Click here to see our chart:
http://www.tradingcentral.com/chart/TWGBp100803061932.gif
Our pivot point stands at 25.
Our preference: short term rebound.
Alternative scenario: below 25, expect 22.5 and 21.25.
Comment: the RSI is above its neutrality area at 50. The MACD is above its
signal line and negative. The MACD must break above its zero level to call for
further upside. Moreover, the share stands above its 20 day MA (26.83) but
below its 50 day MA (29).
Supports and resistances:
34.5 *
33 **
31.5
28.52 last
26
25 **
22.5 *
---
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
or e-mail: sales@tradingcentral.com.

Stonking rise carries on.......nice.

Broker Reco out.....

Company Rating Target Price Potential Upside/ Downside Contributing Broker

Taylor Wimpey

Overweight

58p 97.3% JPMorgan

58p SP target 97.3% upside.


Nice that will do me nearlly 100% upside.

Taylor Wimpey boss bullish on house prices
Hugo Duncan

03.08.10

The chief executive of housebuilder Taylor Wimpey today said fears of a double-dip in house prices were overdone.

Pete Redfern said the housing market was relatively robust despite uncertainties stemming from the general election and the wider economy.

He also questioned the accuracy of national surveys which showed house prices recovered strongly early this year but are now falling again.

Redfern said: The statistics exaggerated things on the positive side early in the year and on the negative side in the last few weeks. We haven't seen any fall in prices. We do not think this will be a strong recovery or that everything is done and dusted.

We think it will be choppy with some good months and some not so good months, but overall it will be steady.

Taylor Wimpey made profits of 19.6 million in the first half of the year, against losses of 672.7 million in the same period of 2009.

Revenues in the UK rose i11.1% to 827.1 million. It sold 4804 homes in the first half, a slight increase on a year earlier, and the average selling price increased by 9.8% to 168,000 due to the improving market and a greater focus on houses rather than flats.


http://www.thisislondon.co.uk/money/article-23862859-taylor-wimpey-boss-bullish-on-house-prices.do

And from pro TAer Zak Mir this morning commentating on the stock....

Zak Mir



Reged: 28/06/07
Posts: 1365
Re: CHART ATTACK - Longs and Shorts
#468250 - 03/08/10 08:40 AM Edit Reply Quote



Spot on, the gap higher today could be the start of something strong enough for TW. to get back to its 200 day ma at 36p over the next few weeks.

gf
dont forget to take your profit at some stage, and then buy back in.
as you have said recently on a number of occassions, gaps have to be filled.
i agree with you
regards
jkd

bought at 38.85 so i'll just wait for my profit (i hope).

i
LoL
i suspect i havnt done my homework is there a nice one sitting up there somewhere?
just dont forget this one.
good luck to you.
regards
jkd

thank you,
irlee

i
your welcome, but without the chart posted by skinny my comments would not have been possible. so thank you also to s.
regards and good luck to all.
jkd

Motoring now !!

Yep nice ride up today Jimmy.

Trust your keeping well.

Fine GF ,and you ?? ,this is turning ,i hope.

Due for a bounce after the negative press lately and shares moving lower from 32.50p to 25p yesterday during the last 2 weeks
Very strong support at 25p

5 DAYS CHART

a late push on the last few minutes and reaching an Intraday high 25.90p with the last at, UT at 25.86p
very strong support at 25p

2 days chart ( 15 minutes delay)

I hope you mean 25.86!

Well spoted and corrected, what one number does

:-)