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.

lets see short term how it goes on the charting front

Liberum Capital Buy 109.35 109.10 113.00 127.00 Reiterates

31 Oct: Deutsche reiterates: Buy - TP held at 140p.

Interim management Statement

14 Nov: Panmure Gordon reiterates: Hold
TP up from 100p to 112p.

I think this has a long way to go ^.


"Taylor Wimpey confident of delivering on FY expectations

StockMarketWire.com

Taylor Wimpey said it is confident of delivering on its full-year expectations, and is demonstrating further improvement in the quality of returns, which remains the company's key focus.

"Whilst the UK housing market has seen a marked improvement during the second half of the year, we remain disciplined and continue to capture shareholder value in every aspect of the businesswhile remaining focused on the long term health of the business," it said.

CEO Pete Redfern said the UK housing market has remained healthy in the second half of the year, with better mortgage availability and consistent demand for Taylor Wimpey's homes, leading to an increase in sales rates against the same period last year.

"Help to Buy continues to prove popular and we are seeing our customers from Edinburgh to Exeter using the scheme to get onto or move up the housing ladder," Redfern said in a statement.

"In this improved environment, we remain focused on the longer term; increasing our investment in the training of the next generation of homebuilders and delivering on our commitments to local communities."

pension fund deficit is keeping the sp down.

15 Nov:

Deutsche reiterates: Buy - TP up from 140p to 151p.

Liberum Capital reiterates: Buy - TP unchanged: 127p.

UBS reiterates: Buy - TP unchanged: 120p.

20 Nov: Barclays (new coverage): Overweight - TP: 146.80p

any reason for the sudden drop this morning ???

See the BDEV thread. Answer is there.

thanks HC

That is a bit of a cough or a momentary spasm.

Price seems to have settled down.

The article referred to.





Bank of England has no veto on Help to Buy, says governor
Mark Carney
The governor of the Bank of England has warned it could assess Help to Buy at any time
Continue reading the main story
Related Stories

Bank's Help to Buy role questioned
Thousands use Help to Buy loans
Help to Buy costs being unveiled
The governor of the Bank of England, Mark Carney, has confirmed that the Bank does not have a veto over the government's Help to Buy scheme.

Earlier this year two government ministers suggested the Bank could decide to stop the scheme, should it wish to do so.

But in a letter to the chairman of the Treasury Committee, Mr Carney said the Bank's role is purely advisory.

He said it would be for the government to decide whether to end the scheme.

But he also warned that the Bank could make recommendations about it at any time.

"The Financial Policy Committee (FPC) is not constrained by the government's timetable for any such advice; it could make recommendations at any time," he wrote.

Help to Buy has already proved controversial, with some economists saying it has boosted house prices too quickly.

The second part of the scheme, under which the government guarantees mortgage repayments, began in October.

TW. Deutsche Bank Buy 107.40 107.40 151.00 - Reiterates

.

@ 106.09 sold short, technical play

Hold for income, says Questor:

http ://www.telegraph.co.uk/finance/markets/questor/10485269/Questor-share-tip-Housebuilders-still-a-hold-for-income.html

Dec 2: Citigroup: Neutral - TP up from 109p to 115p - Reiteration

The best returns are probably behind the housebuilders but government support should bring income for years to come, says Questor
Housebuilding sector: HOLD
= House price party over? =
Is the party over for shares in housebuilders after the Bank of England said it would stop a key funding scheme? The news that the Bank of England would remove the Funding for Lending Scheme (FLS) to boost household borrowing and instead focus the programme on small businesses sent shares in the sector sharply lower. After the announcement, shares in Persimmon (Frankfurt: OHP.F - news) and Taylor Wimpey closed the week down more than 6pc. However, fears that this is the first step to curtailing Help to Buy look misplaced. In fact, analysts believe this is a buying opportunity.
= The punch bowl remains =
The main driving force behind housebuilders’ shares during the past 12 months has been the success of Help to Buy. Analysts at Liberum Capital think the scheme is not under threat. Mark Carney, Governor of the Bank of England, when talking about the recent FLS changes, said: “These changes have no implications for HM Government’s Help to Buy scheme.” So far there have been no changes made to the Government’s housing support measures and mortgage approval rates reached a near six-year high in October as the scheme takes hold.
= Structural support =
The backdrop of the housing market still supports further share price growth. There remains a shortage of housing in the UK, with demand about twice the current levels of supply. Help to Buy is providing significant support to first-time buyers, which is allowing those already on the housing ladder to move up. Having cut costs during the recession, the housebuilders are now reporting improved margins and profitability. As order books fill up, this supports sales growth. Persimmon recently said sales activity was up a fifth on levels last year.
= Income on offer=
With the Government’s key housing price support measure still in place, sales for next year well backed up by record order books and profit margins returning to pre-crisis levels, the housebuilders’ pre-tax profit outlook is good. The sector is also not looking expensive, trading on an average of 11.5 times forecast earnings. While the best of the gains are probably behind the sector, there are still chunky yields on offer through returns of capital. Persimmon and Taylor Wimpey should both yield more than 6pc over coming years. Hold for income

9 Dec: Deutsche: Buy TP held: 151p. Reiteration

Interesting read:

http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10498505/Is-it-time-to-sell-your-housebuilding-shares.html