Taylor Wimpey Trading Statement

Practical discussions about equity High-Yield Portfolios (HYP) for income
idpickering
Lemon Slice
Posts: 267
Joined: November 4th, 2016, 5:04 pm

Taylor Wimpey Trading Statement

Postby idpickering » January 11th, 2017, 9:22 am

Overview

Pete Redfern, Chief Executive, commented:



"We are pleased to report good progress in 2016, with an increase in housing completions and robust trading despite wider macroeconomic uncertainty. In a market characterised by solid fundamentals, we ended the year with a strong forward order book and made good progress against our enhanced medium term targets. We expect to deliver full year profitability at the upper end of market consensus†. Looking ahead, we remain confident that our disciplined strategy will enable us to continue to deliver value over the long term."



UK current trading

Against the backdrop of a stable housing market in 2016, we continued to see good demand and solid trading into the second half of the year, despite wider macroeconomic uncertainty. Customers continue to benefit from a wide range of mortgage products and low interest rates with customer confidence remaining robust. We have continued to make good progress towards each of our enhanced medium term targets during 2016.



In 2016 total home completions increased by 4% to 13,881, including our share of joint venture completions (2015: 13,341). During 2016 we delivered 2,663 affordable homes (2015: 2,509), equating to 19% of total completions (2015: 19%). Our net private reservation rate for 2016 was 0.72 homes per outlet per week (2015: 0.73). Cancellation rates remained low at 13% (2015: 12%). The mix impact of better quality locations continued to have a positive impact with average selling prices on private completions increasing by 13% to £286k (2015: £254k). Our overall average selling price increased by 11% to £255k (2015: £230k).



We ended 2016 with a year end order book valued at £1,682 million as at 31 December 2016 (31 December 2015: £1,779 million), excluding joint ventures, with a small fall in the average selling price largely due to a number of high value Central London completions in December 2016. This order book represents 7,567 homes (31 December 2015: 7,484 homes). We enter 2017 with 285 outlets (31 December 2015: 297)."

Full item here;

http://www.investegate.co.uk/taylor-wim ... 00078445T/

disc - I hold.

monabri
Posts: 39
Joined: January 7th, 2017, 9:56 am

Re: Taylor Wimpey Trading Statement

Postby monabri » January 11th, 2017, 10:55 am

Seems to have met expectations - as a TW holder "I intend to lie back and do nothing" looking forward to divs + special. I'm overweight in TW (15%...).

tjh290633
2 Lemon pips
Posts: 229
Joined: November 4th, 2016, 11:20 am

Re: Taylor Wimpey Trading Statement

Postby tjh290633 » January 11th, 2017, 11:16 am

Fairly typically, a company reports expectations to be the top of the forecast level and the price falls.

However it looks like hopes of continued big payouts will be met.

TJH

monabri
Posts: 39
Joined: January 7th, 2017, 9:56 am

Re: Taylor Wimpey Trading Statement

Postby monabri » January 11th, 2017, 11:21 am

Comments from the Fool

http://www.fool.co.uk/investing/2017/01 ... s-results/


I can taste those luvverly divvis now ;)


ps sorry about the double post.

idpickering
Lemon Slice
Posts: 267
Joined: November 4th, 2016, 5:04 pm

Re: Taylor Wimpey Trading Statement

Postby idpickering » January 11th, 2017, 11:53 am

monabri wrote:Seems to have met expectations - as a TW holder "I intend to lie back and do nothing" looking forward to divs + special. I'm overweight in TW (15%...).


For me they represent 4.7% in capital value of the 24 share HYP. I bought three times last year, 9 Feb 16 @ 171p, 20 May 16 @ 203p and 22 Aug 16 @ 158p, taking advantage of the drop in SP. I have zero intention of selling my holdings anytime soon.

Ian.

tjh290633
2 Lemon pips
Posts: 229
Joined: November 4th, 2016, 11:20 am

Re: Taylor Wimpey Trading Statement

Postby tjh290633 » January 11th, 2017, 4:09 pm

Funny how our experiences vary. I originally bought George Wimpey in 2005 at 413p. At the merger with TWOD in July 2007 they had risen to 503p and TW. started at 328p. I added some more in November 2007 at 190p and again in June 2008 at 79p. Then they had the open offer in May 2009 at 25p, so I sold as many as I needed to take it up, at 34.6p, topped up again in August 2014 at 110p, trimmed back when overweight in June 2015 at 186p, and added again in June 2016 at 120p.

Currently my 4th heaviest holding.

TJH


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