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.

Nor can I, though currently not holding any of these. I like the yield from PSN, but that is the only thing attracting me to this sector.
In a way, the two brokers above agree that the sector is probably near to it's peak, as Citigroup only see a modest upgrade to current valuations and seem to imply that they also think there is potential for interest rates and government tightening of the lending criteria to adversely affect the house builders. Not quite sure what they mean by a 'medium term view', but I take that a cautionary note to their strategy.

http://www.moneyam.com/action/news/showArticle?id=4809213

12 May Deutsche Bank 158.00 Buy
8 May Deutsche Bank 158.00 Buy


This has lit the fire for now wonder if this will last .

Market Report

Housing, mining shares rise

Housebuilder Taylor Wimpey gave a bullish outlook on Tuesday with a "new and enhanced set of financial targets" as the housing market goes from strength to strength. The company also said it will return at least £200m of cash per year from 2016 on top of the £50m special dividend in July 2014 and £200m in July 2015.

Others in the sector were also given a boost by the comments, such as Barratt Developments, Persimmon and Crest Nicholson.

15 May Deutsche Bank 165.00 Buy
15 May Jefferies... 173.00 Buy
15 May Goldman Sachs 178.00 Conviction Buy
14 May Deutsche Bank 165.00 Buy

May 15: Jafferies International retains Buy
TP upped from 151 to 173

Anyone still awake here ?

jimmy b; You will be pleased to hear
Deutsche has today reiterated its unwavering BUY and 165p TP.

Worth noting (or not) TW goes ex on 04th June for a special dividend @1.54p.

Deutsche Bank Buy 111.20 111.20 165.00 165.00 Reiterates

They said the same thing yesterday (28th) and on the 23rd .

Jimmy: do you think the guys at Deutsche have vested interests
in TW and BDEV - Unflinching keen as mustard all-weather chums!

Don't disillusion me midknight ,i think the city is totally honest !

Jimmy...or they're living in hope just as we are...!

Incidentally, the heading of this thread is ancient.
Sixth year now...!

I still don't see why this won't at least move up in to the 120's .

Or you could ask, 'Why will it?'

Date Broker New target Recomm.
5 Jun Deutsche Bank 165.00 Buy

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Thanks Deutsche ,how many recs do you have to put on this before it moves up.

And try buying a house at the moment ,prices going through the roof (excuse the pun)
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5 Jun Deutsche Bank 165.00 Buy
30 May Deutsche Bank 165.00 Buy
29 May Deutsche Bank 165.00 Buy
28 May Deutsche Bank 165.00 Buy
23 May Deutsche Bank 165.00 Buy

6 Jun Deutsche Bank 165.00 Buy.
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It's every day now , i don't know why Deutsche don't just put out a rec Buyyyyyyyyyyyy !!!!!!!!!!!!!!!!!!!...
I'm not complaining though .

jimmy, that's Deutsche making sure people like you hang on - see
who started this thread!.