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.

any news

Schroders now hold 13.064% (up from 12%)

can you see a rise

No - what is there to drive the price up atm? - as posted before, I do hold these but am not holding my breath short term. I'm also short BDEV - as posted on that thread.

Interim Mangagement Statement.

StockMarketWire.com
House-builder Taylor Wimpey said it had performed well since July with trading stable against a backdrop of economic uncertainty.

In its IMS, the group said it was now fully sold for 2010 and expected profit before tax to be at the upper end of management expectations.

'We look forward to 2011 with a healthy order book and our focus remains on driving further margin improvement through cost reductions and prioritising profit over volumes.

'We have also made significant progress in our refinancing discussions, with terms agreed on a revised credit facility with all of our banks.'

The UK Housing business continued to deliver stable sales rates and pricing in the second half to date.

Average selling prices on reservations had been broadly flat since the half-year and the group said it had not experienced the marked swings recorded by some of the national house price indices.

The current total order book value stood at 883m, against 964m a year ago.

In US markets, there had been greater stability in the autumn as the impact of cessation of the Homebuyer Tax Credit programme started to diminish.

Affordability levels remained exceptionally good and the level of inventory in the market remained stable. The group's markets in Canada remained strong.

The group was fully sold for 2010 and had a current total order book value of US$1.10bn (2009: US$1.05bn).

Full agreement had been reached with the group's banks on the terms of a revised 950m credit facility, which was conditional on obtaining 350m of debt capital market funding.

Something for you guys, as it's so quiet here:

TW. UBS reiterated neutral, tp cut to 29 from 31

(from today's Traders thread)

StockMarketWire.com
Housebuilder Taylor Wimpey has reached a 100m facility agreement with Prudential/M&G UK Companies Financing Fund.

The group also plans to raise 250m through the issue of new sterling-denominated fixed rate notes with an expected maturity of five years.

It says the moves will extend the group's debt maturity profile.

The fund facility follows last week's announcement of a new 950m credit facility. The new facility was conditional on Taylor Wimpey obtaining minimum additional debt capital market instruments of 350m.

From Sharecast.

The long-term fundamentals for housing are very strong: Britain has a rising population, more people living alone, and a very limited supply of new housing stock. Another plus is that,following some painful restructuring, Britain's housebuilders are in better shape than you might expect. Taylor Wimpey shares are trading at about a 50% discount to net asset value, and are fairly priced compared to the rest of the sector. If you are in for the long term, Taylor Wimpey is a buy says the Independent.

Taylor Wimpeys share price is seemingly marooned below 30p, which makes little sense in terms of that potential NAV. Given the uncertainties in the sector, immediate progress could be limited. But worth tucking away for the long term adds the Times.

Chart is 5 day and 10 and 30 MA 10mins charts

Some nice large buys throughout the day with Approx 2,000,000 bought after the bell.

Reasonable volume.

6.7% today.

TW. Have done really well over the last few weeks, have to admit I was wrong in thinking they would drop sub 20p, although I still think they are ahead of the game. Anyway GL to all who hold.
2517

I think BDEV have changed their build strategy and have therefore seen a rise in their sp. Might just be that TW. are moving up on the back of that. Am now at breakeven, so am tempted to try and force it to 38p & then out. Not yet convinced this sector is ready for the off yet.

Perssimon will report shortly, TW. has a j/v with them.

sale of their US business imminent should propel the sp upwards.

i can't get enthusiastic about housebuilders at the moment, though WOS has certainly rocketed and No1 son in yorkshire property says they are currently being run off their feet

having a very good day, trading statement this week,
perhaps some news on american operations?

Trading Statement.

Trading Statement for the year ended 31 December 2010



Taylor Wimpey plc is issuing the following update on trading ahead of its Full Year Results for the year ended 31 December 2010, which will be announced on 3 March 2011.



Overview


Underlying operating profit and profit before tax ahead of the upgraded expectations set in the November IMS due to outperformance in North America

Full year reported operating margin for UK Housing expected to be approximately 7% (FY 2009: 0.8%)

Refinancing completed, giving the Group greater operational flexibility and secured funding at a lower blended rate

Strong cash generation and lower than expected net debt of c.660 million, despite one-off refinancing payments and pension contribution of 183 million

Strong position to deliver further margin improvement in 2011

Pete Redfern, Chief Executive of Taylor Wimpey, said "We have delivered a much improved performance in 2010. We are now in a strong position to add significant value by maximising returns from our existing land portfolio and adding high quality new land on attractive terms."