Taylor Wimpey hit by massive loss

mewbie_2

justpurchased wrote: »

do you think they will be writting the value of the land down every year by this much?

I wouldn't bet against it...

moanymoany

I saw this this morning on th Beeb. Little fat Declan - who was so rude about Martin - said that this kind of financial result is the herald of hard times to come!

justpurchased

mewbie wrote: »

I wouldn't bet against it...

I bet you wouldn't:cheesy:

Treadmill

I would still regard Taylor Wimpey as a sucessfull business, all builders are struggling without exception. The housing market is cyclic, in a few years the directors will be minting it again and laughing about the 1.5 Billion loss in 2008 while they all quaff champers and get fat bonuses, just like the banks will.

Thats the reality of it

Treadmill

justpurchased wrote: »

Don't do it treadmill, houses should be £80K everyone should own there own, (even though they all love renting and cant see the point of owning a house) and making money means you are in cahoots with satan!:eek: .
Apparently the whole country should colapse and we should stalk rabits and decide on a wife by hitting her (actualy being PC or husband) on the head with a club.

£80K are you insane ? I remember the days when you got a house free when you collected eight green shield stamps... I want to see a return to those days.

I also think that the best way to choose a wife is by picking the one with the largest dowery, and as for renting... the happiest days where when we where all bonded serfs, renting off our masters and walking to work.

While we are about it lets scrap all paper currency and use gold, or even better some form of rudimentary bartering...

justpurchased

Treadmill wrote: »

£80K are you insane ? I remember the days when you got a house free when you collected eight green shield stamps... I want to see a return to those days.

I also think that the best way to choose a wife is by picking the one with the largest dowery, and as for renting... the happiest days where when we where all bonded serfs, renting off our masters and walking to work.

While we are about it lets scrap all paper currency and use gold, or even better some form of rudimentary bartering...

A shrubbery!:rotfl:

sdooley

They were too greedy - committing any spanre resources to increasing leveraged returns by buying more land and obtaining planning permission rather than building and selling off their stock. They forgot that paper profits aren't real profits (even if the paper is invested in bricks and mortar) - only cash counts.

They forgot the parable of the seven fat and seven lean cows.

mewbie_2

It is good to see how the bulls are reduced to trolling in ever more ridiculous ways, in order to try to divert attention from real news. No information, no links to prove a recovery, and no argument.

Thanks fella's, every mindless post helps to prove what is happening, not that we need any more proof.

justpurchased

mewbie wrote: »

It is good to see how the bulls are reduced to trolling in ever more ridiculous ways, in order to try to divert attention from real news. No information, no links to prove a recovery, and no argument.

Thanks fella's, every mindless post helps to prove what is happening, not that we need any more proof.

I have been found out I will get my coat, funny because if you do make a rational argument you are called an idiot!
+ why do most of you guys class yourselves as a financial term (bull, bear) when you do not class houses as a financial investment.
I do not class myself as a bull or a bear just someone with an oppinion.

alared

We`ve just had an eight year run of boominig house prices with the greedy builders forcing up prices and their profits at every chance.

How can this lot whine about loss of profits when they`ve made record profits for the past seven/eight years by ripping off Joe Public.
My heart beeds for them.