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.

sold?

Have a look at box 8 - NOTIFICATION OF MAJOR INTEREST IN SHARES

skin read it earlier but didn't notice that many shares traded last Friday.

That's the day the threshold (5%) was crossed - not quite the same thing - they still own is 4.705% (153,049,151 shares) having sold 195,197,058 ish shares.

skin wouldn't surprise us if some other institution "pops up" as a major shareholder.

Half Year results

Delivering in an improving market

Highlights

· Further improvement against each of our key financial objectives:
o Group operating margin* increased to 13.1% (H1 2012: 11.0%**)
o Group return on net operating assets*** increased to 14.3% (H1 2012: 11.9%**)
o Tangible net asset value per share† increased by 16% to 67.2 pence (H1 2012: 58.0 pence)

· 80% increase in adjusted earnings per share to 2.7 pence (H1 2012: 1.5 pence)
· 49% reduction in net debt to £68.4 million (H1 2012: £135.2 million)
· Interim dividend of 0.22 pence per share (2012 interim: 0.19 pence)

· Strong UK operational performance:
o UK operating profit margin* increased to 13.5% (H1 2012: 11.2%**)
o Completed 5,191 homes at an average selling price of £188k (H1 2012: 5,083 homes at £176k)
o Contribution per legal completion increased to £39.6k (H1 2012: £33.6k)
o Record order book of £1.3 billion (1 July 2012: £960.1 million) up 35% in value and 24% in volume to 7,101 homes (1 July 2012: 5,720)
o Extensive strategic landbank at c.102k plots with over 35k plots added in last three and a half years
o Significant reduction in Injury Incidence Rate to 116 per 100,000 employees and contractors (H1 2012: 259)

Numis Hold 107.95 - 114.00 Reiterates

Deutsche Bank Buy 0.00 106.50 113.00 115.70 Reiterates

Liberum Capital Hold 0.00 106.50 108.00 113.00 Reiterates

Successful completion of refinancing

Taylor Wimpey is pleased to announce that it has completed the refinancing of its revolving credit facility, due to mature in November 2014, with a new revolving credit facility for £550 million to mature in August 2018.

I didn't realise until now that TW are paying a divi, due Wed 21st Aug (0.22p)

BlackRock > 5%

sp sub 100p heading south dearth of news except housing bubble prattle.

Buying op for me .

.

JP Morgan Cazenove Overweight 0.00 97.00 120.00 120.00 Reiterates

Been good for trading this one over the last few months.

StockMarketWire.com
Taylor Wimpey has completed the merger of its legacy pension schemes, the George Wimpey Staff Pension Scheme (GWSPS) and the Taylor Woodrow Group Pension & Life Assurance Fund (TWGP&LAF), to create a new scheme called the Taylor Wimpey Pension Scheme (TWPS).

Taylor Wimpey has also implemented a pension funding partnership, which is structured to deliver to the TWPS a 15-year income stream together with final conditional payments of up to £100 million.

As a result of the implementation of the pension funding partnership, Taylor Wimpey's pension deficit on a funding basis will reduce.

As part of an upbeat review of the UK housing market, Goldman Sachs has added Taylor Wimpey to its 'conviction buy' list and upgraded its ratings for Bovis Homes and Barratt Developments from 'neutral' to 'buy'.

"Partly stimulated by the Help To Buy shared equity scheme, lead indicators such as UK mortgage approvals and RICS survey data strongly indicate a rebound in activity. Moreover, forward sales for UK housebuilders are currently tracking up around 50%, further supporting our view of a meaningful transactions recovery from 2014 onwards from depressed levels," the US bank said.

Bank of America Merrill Lynch Buy 103.80 103.80 120.00 120.00 Retains

Deutsche Bank Buy 103.80 103.80 115.70 115.70 Reiterates

TW. was with the highest % gain yesterday with 4.20%

Who is at TOP today? .... PSN with 5.54%, but TW. is not far away +4.91%

BDEV Barratt Deve... 330.00 +10.00 +3.125%

BVS Bovis Homes ... 749.50 +32.50 +4.53%

BWY Bellway 1,339.25 +19.25 +1.46%

BWYA Bellway 103.75 +1.25 +1.22%

CRST Crest Nichol... 348.00 +4.50 +1.31%

PSN Persimmon 1,193.64 +62.64 +5.54%

RDW Redrow 242.34 +5.28 +2.24%

TW. Taylor Wimpey 108.90 +4.90 +4.91%