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.

"Broker KBC Peel Hunt has been picking through the detail of Taylor Wimpey's debt refinancing deal and believes that the penalties for missing milestone payments are so onerous that issuing equity to raise fresh funds is a 'must'.

KBC believes 350m of new equity is needed and, if the discount is fierce enough, it could be raised through a rights issue.

Notwithstanding the fact that Taylor Wimpey tried and 'failed very publicly' last summer to raise new equity capital, KBC believes that issuing equity should reduce the share price's discount to net asset value (NAV) per share.

KBC has a 'hold' recommendation on Taylor Wimpey with a target price of 24p."

I've been holding at 52p and assumed I'd lost the money when it hit 3p. I can't believe it's rise over the past few weeks and yesterday I was even able to sell and make 10! Just makes you realise, never give up on a company. There may even be hope for SEO one day!

Broker snapshot shows Brokers rate it at a targetSP of between 40p and 80p....

08.04.09 :+0.5, (23) in a review of the European Real Estate sector, Nomura raises Liberty International price target to 430p from 416p; rating neutral , raises British Land price target to 368p from 312p; rating reduce, raises Brixton price target to 40p from 30p; rating buy, raises Derwent London price target to 765p from 749p; rating buy, raises Great Portland price target to 332p from 321p; rating buy, cuts Hammerson price target to 375p from 397p; rating buy, raises Land Securities price target to 567p from 483p; rating buy, raises Shaftesbury price target to 312p from 281p; rating reduce and cuts SEGRO price target to 26p from 28p; rating neutral.
19-03-09 19.03.09 :+4, (22) HSBC raises Brixton PLC to overweight from underweight but cuts its price target to 80p from 110p.

TW. will offer rights issue at 25p which is a big discount to current sp.
Sp is likely to drop from current 46p.

Yes, I agree. Sold last week as graph is now in down trend & broker target of 24p looked probable with more cash raising.
Also final results out on 30th April '09 which will probably depress the sp further.

I'm out - made a 60% profit on a share that few were touching with the proverbial bargepole which makes a nice change.

Well done q1. Worth watching, imo, with a view to get back in again at +/- 24p.

Thanks HARRYCAT.

Results

Up 10% on decent volume today.

What's the medium to long term view on these?

Trading Update

Reasonable volume today.

Results for the six months to 30 June 2009

Being dragged up on the tails of BLND today probably.
However a potentially rewarding recovery stock (along with BDEV, PSN & RDW).

I didn't know this thread was here ,i've been in for a couple of weeks. I said over on the BLND thread that i'm not sure this market isn't getting a little overheated.

I find the best strategy is to buy a fixed amount, depending on your finances, hold a certain percentage & trade the rest. It increases the dealing charges, takes advantage of the mini rises & falls in the stock, but at the same time hedges in the case of a sudden rise by ensuring you are still 'in'.
In a couple of years time we are all going to wish we had bought this kind of stock much earlier, imo.

I agree harry it should be a good recovery play.

I think house prices have further to fall and there will be better buying oportunities of housebuilders over the coming months.
2517

If unemployment continues to rise significantly there will not be a recovery in the housing market.