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Joey Buttafueco Jr

Taylor Wimpey Numbers

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great news, they are losing less this year.

Edited by Bloo Loo

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True, but losing less is still better than losing more! :)

They're probably a good long term bet on the stockmarket.

Edited by OzzMosiz

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The results of Daejan Holdings were out yesterday and also made interesting reading. Begining to think that property developer shares are a decent long term punt too.

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Sky has different headline:

Housebuilder Taylor Wimpey Posts £68.9m Loss

Britain's largest housebuilder has posted a pre-tax loss of £68.9m, but is still optimistic that stability is returning to the housing market. :rolleyes:

What it means in reality : We are fekked please come and buy our expensive hutches :lol:


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Just reading it

edit: table titled UK housing page 2

"Revenue of £744.4 million (H1 2008: £1,159.6 million) reflects the decrease in both

the number of completions and the average selling price in comparison to the prior

period. An operating loss* of £7.3 million (H1 2008 profit: £63.4 million) reflects the

lower average selling price and our ongoing focus on cash generation in the

challenging market conditions of the last 18 months."

"As announced at our full year results in April, our target is to reduce average build

costs, with savings expected to flow through fully to the income statement by the end

of 2010. As part of this process we are currently building prototypes of our new

house type range, which offers cost benefits from increased standardisation whilst

allowing easy adaptation to match customer aspirations in each local market."

Oh deary me :blink:

Edited by Ash4781

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