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.

Where is this heading ,with a very strong performance today,lets hope it continues tomorrow,does any one knows any thing about trinity mirror as its been a top performer for the past couple of days,any views .

Ateeq, all of these housebuilders are heavily traded, but mainly by the day traders by the look of it. Money to be made on the bounces, but the trend still looks to be down, imo.

8% down to 13% up in 5 mins. Must be a rumour.

Interim results out tomorrow. I imagine just the traders trying to make a their money before figures are released, as I can't see them being any better than Bovis's.

Could be they have sorted their funding.

IMO there has to be consolidation in the sector and quick. Any news about that will send the sp of all builders rocketing.

That's the optimistic view & you are probably right that M & A activity would help the sp's. Otherwise there is more downside, imo.

rumours all day they have sorted the funding and announcement tomorrow
http://www.building.co.uk/story.asp?sectioncode=284&storycode=3120922&c=2

Taylor Wimpey has made a 1.5 billion loss ... Wow...what a surprise

Taylor Wimpey says Government can't fix the housing market
By Jamie Dunkley
Last Updated: 11:41am BST 27/08/2008

Taylor Wimpey has warned that the Government is unlikely to be able to offer a quick fix for the country's ailing housing market, as the housebuilder reported a plunge in first-half profits.

One of Britain's biggest housebuilders saw first-half profits drop 96pc to 4.3m in the first six months of the year. Taylor Wimpey also revealed a total write-down of 1.5bn in the period, including 690m on its landbanks in the UK, North America. Including the write-down the company slumped to a loss of 1.4bn.

The end to Britain's decade-long housing boom has savaged profits at housebuilders and estate agents and pushed the country to the edge of its first recession in almost two decades.

The speed of the reversal has left Gordon Brown trailing in the opinion polls and prompted calls from many in the housebuilder industry for the Government to step in.

Chief executive Peter Redfern said: "Of course we'd like to see the Government help the market, but our view is slightly different to some other companies," he said

dreadful news.....cant believe sp is only down 4.8% considering present market.....this should be down max of 20p......could go bust early next year

Wow, scottie, I could not believe that you utter such blasphemy on TW. I thought that is my specialty.

more horrendous news on mortgages today.....95% down

cant be long before this dog is put out of its misery.......it will break its bank covenants and go bust soon

23.5p low today......not long to go before banks say bye bye to them

Looks like banks may have refused to extend its covenants.

it was stated a few months ago it has till feb i think..........cant see it happening considering global financial mess.
barretts and tw. to go bust

tanking again......not long to go now

17p...going down the pits.

they would be better off mining

what the hell is happening to builders today?

probably expecting a rate cut but nevertheless for TW. to be up 30% is extraordinary.

I'm not complaining mind...

Traders bottom picking, imo. Suspect it will be short lived.