Taylor Wimpey share offer @ 25p

dc110

Well it sounds strange, where exactly does a share price go from 1p.

Is this their plan for growth, the only way is up. When do the deferred shares come into play

they dont ever - they are basically valueless. the SHARE PRICE is not 1p, the NOMINAL value is 1p

the price will be determined by the market

Its a red herring and means nothing. If you buy you will still have shares valued at 25p.

the shares will be valued at the market price - i think this is what you meant though to be fair

mrposhman

adambro wrote: »

Thanks for clarifying. I trust you understand my suspicions of some of what gets posted on the web about these kinds of situations.

Redfern has said (http://uk.reuters.com/article/innovationNews/idUKTRE5473VZ20090508?pageNumber=1&virtualBrandChannel=0) that the placing is oversubscribed and as you note the open offer is fully underwritten but I understand that was usually the case so perhaps not as good an indication of the market's feeling about TW as the oversubscribed placing is.

Yeah I would tend to agree but maybe this was the reason for going for an open offer instead of a rights issue as in general the underwriter will pick up more shares after an open offer rather than an RI.

Still good news that institutions seem to be buying the shares up.

uk_steve

mrposhman wrote: »

I think you will be waiting a VERY long time for this to hit anywhere near this level.

Institutions are snapping these shares up at 25p for a reason and thats because they will be worth a lot more in a few years time. The placing has been oversubscribed by the institutions and the open offer is fully subscribed.

hopefully we both be on here in November this year to re look

(we can see if i am right or wrong;))

welshmoneylover

thanks guys, I think I'm going to go for it very shortly and buy myself 600 shares. I might hang back a day or day to see if the price has dropped.

With a bit of luck in 5+ years I'll have earned myself a little windfall *fingers crossed*.

ian-d

They probably need to raise capital to pay for relying my driveway for the third time! Cowboys

tonygee_3

WAIT till institutions offload their shares,these prob go SUB 25p

Tayus

I have 500 shares in TW. Whats to stop me buying another 500 at 25p then selling them at 30p the next day? Am I missing something?

mrposhman

Tayus wrote: »

I have 500 shares in TW. Whats to stop me buying another 500 at 25p then selling them at 30p the next day? Am I missing something?

Make it about 10 days and you are spot on. Most brokers need your cashg around about 19th / 20th and the shares won't trade until 1st June.

FoxtonsRIP

Tayus wrote: »

I have 500 shares in TW. Whats to stop me buying another 500 at 25p then selling them at 30p the next day? Am I missing something?

Your existing 500 shares will have fallen in value to compensate so you won't have gained anything.

Pssst

Truth is that we live in extraordinary times and there are opportunities to make and loose lots of money.

Bottom line is that with risks sometime come rewards. If you have time on your hands there are a good smattering of shares which are undervalued at present and could fly high again given time and different market conditions.

I mean, once upon a time RBS were 10p a go. Now they are around 40p so you could have quadrupled your money if you had the nerve.