Taylor Wimpey share offer @ 25p

tonygee_3

Think Record Date was 6th MAY so if u buy now youre not entitled to 25p shares.If u fancy them wait till 1st JUNE (when new shares issued)SP may well fall below 25p,depending on takeup and market conditions

welshmoneylover

I was thinking about buying only 600 shares, should cost me about £230ish.

As I said earlier it's a risk I'm prepared to take as it's a long term thing. I'm 50 in 8 years and it's my plan to go on a nice cruise, you know the type 30 countries in 60 days or that sort of thing. I just thought buying several shares now might help to pay for it.

matt987106

welshmoneylover wrote: »

I was thinking about buying only 600 shares, should cost me about £230ish.

As I said earlier it's a risk I'm prepared to take as it's a long term thing. I'm 50 in 8 years and it's my plan to go on a nice cruise, you know the type 30 countries in 60 days or that sort of thing. I just thought buying several shares now might help to pay for it.

you will need to think bigger than 600 shares in TW for a cruise like that, but a nice plan to aim for ;);)

sabretoothtigger

Sounds a reasonable bet, so long as you treat the sum 'invested' more like a lottery ticket then money in the bank.

FoxtonsRIP

When companies get the begging bowl out for rights issues like this it should really ring alarm bells. Remember the Bradford and Bingley, RBS, etc rights issues ? :eek:

welshmoneylover

sabretoothtigger wrote: »

Sounds a reasonable bet, so long as you treat the sum 'invested' more like a lottery ticket then money in the bank.

Oh, I'm definitely treating it like a lottery!

Except I usually lose my quid most rollovers. It's the only time I buy one.

I'm just doing this for the heck of it, I'm spreading myself around a few shares that are pretty cheap right now, but with the hope they'll gain big style in 5+ years.

It's one way or the other! And why not? Interest rates are so bloody crap right now I thought it would be one way of making some money that's all :rotfl:

sabretoothtigger

Remember the Bradford and Bingley, RBS, etc rights issues ? :eek:

And Barclays and hsbc. Troubled and connected sectors that over extended themselves but are they at a premium at 25p ?
The banks were so highly rated but wimpey is not now as its being issued at a quarter of its yearly high
Lloyds issued rights but its also now the best capitalised bank in the uk, it arguably bought long term viability and so profits?

I dont know this share, apart from debt and paying off the interest what is the money buying.
The traditional case for companies that cant handle their debt is the bond holders become the owners, even if the company survives the share holders dont.

That the nature of the financial food chain, bond beats share.
Thats my basic newspaper column knowledge


Bottom line could be considering what dividend you might get on your money. This can be a good guide to a fair value for a share, often people will gamble with no profit or no dividend companies but I would want to see some comeback tbh

mrposhman

sabretoothtigger wrote: »

And Barclays and hsbc. Troubled and connected sectors that over extended themselves but are they at a premium at 25p ?
The banks were so highly rated but wimpey is not now as its being issued at a quarter of its yearly high
Lloyds issued rights but its also now the best capitalised bank in the uk, it arguably bought long term viability and so profits?

I dont know this share, apart from debt and paying off the interest what is the money buying.
The traditional case for companies that cant handle their debt is the bond holders become the owners, even if the company survives the share holders dont.

That the nature of the financial food chain, bond beats share.
Thats my basic newspaper column knowledge


Bottom line could be considering what dividend you might get on your money. This can be a good guide to a fair value for a share, often people will gamble with no profit or no dividend companies but I would want to see some comeback tbh

The cash is being used to clear some of the debt due next year and enable them to save circa £400m in interest payments over the next few years. There is currently a condition on the debt that taylor wimpey cannot pay dividends but this will be lifted if this cash is used to pay some of it off.

mrposhman

FoxtonsRIP wrote: »

When companies get the begging bowl out for rights issues like this it should really ring alarm bells. Remember the Bradford and Bingley, RBS, etc rights issues ? :eek:

So does that mean that premier foods, xstrata, hammerson, land securities (i think) etc are all going to go bust.

There have been a huge amount of cash calls because pretty much all companies followed the business model of using cheap leverage to grow their businesses, they are now seeing the error of the last 10 years and are bringing more of a balance between debt and equity.

Its not all about going bust and if you can't see that then you don't really understand whats going on at the moment.

ricll

TW is the last share I would buy right now. They are going downhill without brakes, sp is 32p at the moment, they are probably not even worthy 25p. I bought a few shares a while ago and will sell as soon as possible to avoid more losses. Buy some decent company, not this s*** managed by amateurs.