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Taylor Wimpy posts half year loss


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Taylor Wimpey - first half loss on lower sales

What irritates me is that these companies are also land banking enough plots for 77000 homes, add this to all the other big builders and you have enough plots to fix the housing market, but no, they bank them and keep prices high.

https://www.hl.co.uk/shares/share-research/202007/taylor-wimpey-first-half-loss-on-lower-sales

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2* years after planning permission is granted, council tax or business rates, at the rate applicable to the buildings which permission is granted for should be levied on the owner. Would incentivise selling what they're building.

*If building is expected to take more than 2 years this should be stipulated in planning request, and an appropriate time applied. Though I don't see this applying to Wimpy houses, more likely large developments on brownfield sites in cities. 

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49 minutes ago, stuckmojo said:

It could be an engineered loss to justify some ruthless culling and then a miracle profit later on. Easy enough to do with accounting tricks. 

The accounting in these businesses is a nightmare. The losses were big, they had to recognise site costs through PnL which normally the capitalise as they build so losses were big due to accounting as you say. Not sure it was done on purpose though, rather just the accounting rules they are bound by. 

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8 hours ago, stuckmojo said:

It could be an engineered loss to justify some ruthless culling and then a miracle profit later on. Easy enough to do with accounting tricks. 

quite possibly, it's the perfect excuse isn't it?

no sales, no way of conducting F2F  transactions...for now we're in trouble..we know, you know..

got to lose some fat...but rest assured we're coming back stronger....our remaining employees now have google glasses to do virtual viewings oor even VR/AR!!!

they can see it...so you don't have to!,..but just log in and you can FEEL IT!

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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