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Ash4781

Taylor Wimpey Update

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http://www.timesonline.co.uk/tol/global/article6534703.ece

Taylor Wimpey, the housebuilder, is considering plans to increase the number of new sales outlets and further land purchases.

The signal from a large building company that the housing market may finally have reached its nadir boosted construction shares this morning and Taylor Wimpey stock rose by more than 7 per cent.

In a report on current trading for the company's annual meeting, to be held today, the company said its order book was up 73 per cent from the end of last year at £971 million.

The builder said it had seen continued stability in the market since the end of April, with flat prices and cancellation rates below average. Mortgage availability was still an issue but the situation is beginning to improve, said Taylor Wimpey although it anticipates the usual summer slowdown. "The severe downside scenarios for which we have been planning now appear less likely to materialise," it said

Taylor Wimpey operates from 337 outlets, having closed 49 since the end of the year, but the company is considering expansion. "If the current market stability is sustained into the autumn selling season we will look to increase the number of outlet openings during the second half of the year. While we remain cautious on land buying, opportunities are starting to emerge to purchase good-quality land at prices that should be value creating," it said.

Will it be sustained?

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Taylor Wimpey is considering plans to increase the number of new sales outlets and further land purchases.

Interesting, but really - I'll believe it when I see it. If it's true then they're truly jumping the gun IMO. For firms like this one timing over the short term is going to be critical & they need to be verrrrry careful :blink:

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Read as "we're a house building company with a lot of debt, so guess what happens if we don't build houses?"

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Read as "we're a house building company with a lot of debt, so guess what happens if we don't build houses?"

they can build as many houses as they want, its how many they sell.

it should be a house selling company that builds houses with alot of debt............

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Read as "we're a house building company with a lot of debt, so guess what happens if we don't build houses?"

"We are a house building company, with huge debts, which benefits from a Government,

with astronomic debts, whose policy is to assist customers to become involved in part-ownership

schemes because the debt involved in buying our poxy houses is too huge for the public

to cope with, now that the Banks, which are in gargantuan debt, are no longer lending

grotesque amounts of debt to house buyers.

We are optimistic that this situation will continue."

Emilia Aubergine

Spokesperson for Ailing Wimply.

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:lol:

You lot crack me up.

Many of the huge construction companies have been around for hundreds of years and know all about how to survive (and even prosper) in a boom and bust environment. In the seventies and even eighties when many of them carried their own labour force they were quite pondorous, but now that everything is subcontracted they have the benefit of all those cheap polish labour.

As an industry the builders are used to hiring and firing to tailor expenditure to fit income (something that the US car industry didnt manage to do).

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:lol:

You lot crack me up.

Many of the huge construction companies have been around for hundreds of years and know all about how to survive (and even prosper) in a boom and bust environment. In the seventies and even eighties when many of them carried their own labour force they were quite pondorous, but now that everything is subcontracted they have the benefit of all those cheap polish labour.

As an industry the builders are used to hiring and firing to tailor expenditure to fit income (something that the US car industry didnt manage to do).

There even more ponderous now they have to carry all that debt.

:lol:

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:lol:

You lot crack me up.

Many of the huge construction companies have been around for hundreds of years and know all about how to survive (and even prosper) in a boom and bust environment. In the seventies and even eighties when many of them carried their own labour force they were quite pondorous, but now that everything is subcontracted they have the benefit of all those cheap polish labour.

As an industry the builders are used to hiring and firing to tailor expenditure to fit income (something that the US car industry didnt manage to do).

So would you advise to take a punt and buy some of their shares?

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So would you advise to take a punt and buy some of their shares?

Back end of last year they were 4p, today 34p.

House price stability already included in the price, so no quick profits to be made.

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Interesting, but really - I'll believe it when I see it. If it's true then they're truly jumping the gun IMO. For firms like this one timing over the short term is going to be critical & they need to be verrrrry careful :blink:

Actually the reverse they are on 3- 4 year business cycles as are their covenants, therefore six months here or there is no big deal.

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