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

Taylor Wimpey plc advises that it will issue its Trading Statement for the year ended 31 December 2012 on Monday 14 January 2013.

Full Year Results for the year ended 31 December 2012 will be announced on Friday 1 March 2013.

Sustained chart breakout.

Brokers like it and on side.....


Date Company Name Broker Rec. Price Old target price New target price Notes

17 Dec Taylor Wimpey PLC Credit Suisse Outperform 64.95 67.00 75.00 Reiterates
13 Dec Taylor Wimpey PLC Deutsche Bank Buy 64.95 66.80 66.80 Retains
10 Dec Taylor Wimpey PLC Panmure Gordon Hold 64.95 - - Reiterates
04 Dec Taylor Wimpey PLC Deutsche Bank Buy 64.95 66.80 66.80 Retains
30 Nov Taylor Wimpey PLC UBS Neutral 64.95 52.00 72.00 Retains
29 Nov Taylor Wimpey PLC HSBC Overweight 64.95 57.00 82.00 Retains
12 Nov Taylor Wimpey PLC Jefferies International Buy 64.95 72.00 72.00 Retains

Yep, is looking good. Where's Baler, the sailor?

Schroders 10 -> 11%

waiting for it to come back to 56p........lol

TW.(68.5p - New 12 month closing high. )

Taylor Wimpey secures prized London development.

Thu 03 Jan 2013

LONDON (SHARECAST) - A London development, once occupied by the Courts and Tribunal Service, will be knocked down to make way for 76 new residential apartments worth 70m pounds.

Housebuilder TAYLOR WIMPEY has exchanged contracts to acquire St Dunstan’s House, a seventies office block in Fetter Lane near Square Mile, for £30m, sources told the London Evening Standard newspaper.

The site was auctioned for £10m more than the asking price of £20m as 20 bidders rivalled for the property, it said.

The offices will be torn down for the development of 52 one-bedroom flats worth £800,000 each and 24 two-bedroom apartments worth £1.3m each.

The development will feature a concierge entrance hall and private gym. The scheme has been designed by David Walker Architects in collaboration with Jones Lang LaSalle.

“This is an outstanding prime Central London residential development site ideally suited to cater for both the long established West End market as well as the City of London and we were delighted to be involved in its disposal," Will Grant, Director at Jones Lang LaSalle, said in a statement.

"The site is in close proximity to Fleet Street, Strand and Covent Garden with all its leisure and cultural offerings. As you would expect for a site of this nature, bidding was extremely competitive and it attracted interest from many of the Capital’s leading developers."

Residential apartments are a rare development for Square Mile, which is predominately occupied by offices.

Adam Pappini, Drivers Jonas Deloitte, said: “Midtown has become an increasingly popular office location due to its position between the City and West End, and as a result demand for top end living space has grown."

.

hmmmm, kicks one self for selling early.,.

Ditto!

HeHeee.

But may dump a few. Have a guess that 70 will be a temporary target for while. PEs are high.

Moving ahead strongly - TS on the 14th.

Sugar...sold the little bleeders late friday. Wanted to close some positions down.

Kick myself in the ass.

As a few of us have sold these on here, lets automate the process.

Trading Statement on Monday.

Still got all mine , fingers crossed .... and if I can get Limpy to ramp them then whoooooooooosh !

:-)

Think he is long/short MTC atm :-)

lol

Trading Statement

Strategy drives significant increase in profits

Taylor Wimpey is issuing the following update on trading ahead of its full year results for the year ended 31 December 2012, which will be announced on 1 March 2013.

Overview
We expect to report 2012 full year profits at the upper end of our expectations with Group operating profit up over 40%, as we continue to deliver against our key objectives through the successful implementation of our strategy. Full year Group operating margin will be ahead of that reported for both the first half of 2012 and 2011 full year (H1 2012: 11.1%, FY 2011: 8.8%).

Pete Redfern, Chief Executive, commented:

"2012 was another year of significant progress for Taylor Wimpey with an increase of over 40% in Group operating profit. We are delivering on the strategy that we set out in 2011, including a return to UK double digit operating margin ahead of schedule. As we look forward to 2013, we are confident that we will continue to deliver against our key objectives and target further improvement."

UK current trading
Underlying market conditions have remained stable since our Interim Management Statement on 12 November 2012. While mortgage availability remains restricted, some major lenders have recently reduced their rates and we hope that this trend will continue as the Funding for Lending scheme gains traction.

Average selling prices on private completions increased by 6% to £197k, against a backdrop of broadly flat house prices in the wider market. This increase has been driven primarily by the enhanced quality of our locations. Our overall average selling price has increased by 6% to £181k (2011: £171k). Home completions increased by 7% to 10,886 (including our share of joint venture completions) up from 10,180 in 2011, of which 18% were affordable housing completions (2011: 20%). Our net private reservation rate for the full year was 0.58 homes per outlet per week (2011: 0.54) with cancellation rates below the long term average at 15.2% (2011: 15.8%).

We start 2013 in an excellent position with a substantial order book with an increase of 14% in value to £948m as at 31 December 2012 (31 December 2011: £835m), representing 5,966 homes (31 December 2011: 5,379 homes). Our focus on prioritising both short and long term margin performance ahead of volume growth remains and we are pleased to report further improvement in the margin in the order book with the growth driven by the strength of the private reservations.

We remain supportive of Government initiatives to bring forward much needed new homes. During 2012 we have supported our customers with the purchase of 1,203 homes under the Government's FirstBuy scheme and a total of 546 homes under the NewBuy and MI New Home schemes. We have been awarded an additional FirstBuy funding tranche and will continue to target the use of this funding across selected sites.