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.

Interim Management Statement.

The statement seems VG to me.

Would like to see SP move up through 55p.

StockMarketWire.com
Taylor Wimpey reports that Group trading is at the upper end of its expectations. The balance sheet remains strong, with net debt lower than expectations at £218 million on 31 March 2012.

The strength of the business has been recognised by the credit rating agencies and it has received upgrades from Moody's (to B1) and Fitch (to BB-) in recent weeks.

The balance sheet strength allows TW to make further selective investment in its land portfolio to maximise performance across the housing market cycle and to return excess capital to shareholders as appropriate.

However, mindful of the ongoing uncertainty in the wider economy, its high quality land portfolio, increased order book and strong balance sheet also give Taylor Woodrow a strong position should market conditions weaken.

A statement from the board said: "While mortgage availability remains a constraint on the housing market, we have made a strong start to the year and remain confident of our prospects in 2012.

"We continue to expect to deliver further steady improvement in margin, return on net operating assets and net asset value through the ongoing delivery of our strategy.

"In particular, we are achieving margins at the upper end of our expectations through strong performance on new sales outlets and further enhanced returns on those new outlets sourced from our strategic land portfolio."

45.30p -2.40p

Well marked down for the last couple days on what it seems capitulation this morning, on the up now on large buys and stronger order book on the bid side.

Well spotted Mambo! Might have a dabble myself.

Director deals

08 May 2012 - Taylor Wimpey PLC
Peter Redfern BUY 54,957 @ 45 total paid £25,000
Kate Barker BUY 20,000 @ 48 Total paid £9,502

Director-Deals-Taylor-Wimpey-TW.

Nice bounce back today, as is holding above 46p for over a couple hours now

All housebuilders up. BDEV news effect, it seems.

Topped up at 44p.,.

BB presumably not today.

RE - topped up

and me at 28.25p last July

what a joke, considering the "boy" is posting everyday.

and your point is mambollicko, am in profit, and can wait for 53+.,.

re - the point

everybody knows the point , even you a " joker ", everything you say is very "fishy" ..... the other day.

I bought it when is UP, I sold it when is down .............


Balerboy - 10 May 2012 18:31 - 3626 of 3628
Afraid i dumped rrl the other day but still hold rmp whilst in profit.,. gla

i really couldn't a ****.,.

I see mrsi still can't behave.

Baler, the sailor, as has happened for some time now,
there is no boat, which you said I would miss, as
TW would get past 53...I am pleased I sold at 52 and went away.
Tried and tested, time and again, and the mortgage situation
is dire.
I always think 38/39 is a good entry poimt. Don't laugh.
Look where it is now and not a boat in sight
to shout 'sailor ahoy' never ever mind, what diectors do or don't do.
TW's time will, of course, come but not for a while yet, I think.

.

Touche midnight, not a complete mess yet so am hanging in there, whilst you swan off to Dubai.,.

25 May: TW. Investec Securities: Buy - TP up from 52 to 54.

From Howard Archer (IHS.com):
"Not only does housing market activity remain very low compared to long-term norms, but the fundamentals are problematic for the housing market with unemployment high, earnings growth muted, and the economic outlook both difficult and uncertain. In addition, relatively tight credit conditions may well make it hard for many people to get a mortgage. On top of this, some mortgage rates have risen recently due to lenders’ higher borrowing costs in wholesale markets and this could well weigh down on housing market activity.
Furthermore, the housing market may well be hit in the near term at least by heightened consumer concern over the economic outlook following the news that the UK is officially back in recession with GDP contracting 0.3% quarter-on-quarter in the first quarter. Serious worries over the situation in Greece and how this could hit the UK economy may well also lead to increased caution over buying a house. Housing market activity may well also be limited in the near term as a result of the stamp duty concession having brought forward a significant amount of fist-time buyer activity into early-2012/late-2011. Indeed, Hometrack’s latest survey showed that growth in new buyer enquiries slowed to just 0.4% in May from 2.1% in April and 4.4% in March."