Trouble_Two
12 May 2017
Re: Crazy Crazy Crazy Apology about this post. I should have read other posts before posting. Just back from a long holiday.TT
Trouble_Two
12 May 2017
Re: Crazy Crazy Crazy Its about:Housebuilder Taylor Wimpey sets aside £130m for leasehold 'scandal'.More links:[link]
divvent argie
12 May 2017
Re: Crazy Crazy Crazy I don't subscribe to FT so can you say something about this. If it's just the £130m then that has been in the news already but if it's development then it would be interesting to know more. I may even buy the paper today if its that inform
Trouble_Two
12 May 2017
Crazy Crazy Crazy [link]
ladylinc
30 Mar 2017
Re: Special Dividend Yes it is just the same. Just an extra little bonus! LL
Team Manchester
29 Mar 2017
Special Dividend Does this SD conform to the usual rules of buy before the ex-div date and you're in or is there some other requirement?Thanks i
wader2
16 Mar 2017
Re: Oh Dear One aspect of new estates is the maintenance of common access areas, ie shared block paved areas serving two or more houses. One developer said there was no maintenance scheme whereas Barratts said there was. Similarly, amenity areas such as grassed areas, play parks and gardens, required by local planners, are not adopted by the councils for maintenance. This implies a leasehold for the estate as a whole or additional charges on top of council taxes.
mike-c
13 Mar 2017
Re: Oh Dear I don't see the similarity with PPI. Large swathes of houses have been leasehold ever since there has been a property market and leases are often sold job lot to investors and specialist asset management companies. Their purpose has always been to make a profit. Personally I've always steered away from leasehold as even though the leases may seem long when they get to under 80 years it can be an issue with some lenders. You are not in a strong position if you want to extend or buy out the lease. Hence prices go higher. I would expect that your solicitor would have advised , or should have advised, on the terms of the lease in the small print. We all have to use one and surely its their job. Maybe we will be getting claims companies chasing their fellow solicitors!
Maru118
13 Mar 2017
Re: Oh Dear Yeah, markets don't seem to care. We're up today.
Bribon
12 Mar 2017
Re: Oh Dear This is old news anyway. Just Google it and you will find articles going back to last October. In other words it should not have much impact on tomorrow's SP. It looks as though nothing illegal has taken place, just small print in contracts not read by purchasers or their solicitors.
Maru118
12 Mar 2017
Re: Oh Dear Thanks for posting. Difficult to know how to react to this situation, TW are paying a good dividend and I got in at a good price. It could turn out to be a big fat nothing, but as you said it could open up a huge can of worms. Sell order might have to go in place.
gamesinvestor
12 Mar 2017
Oh Dear """Thousands of people have demanded answers from the bosses of builders such as Taylor Wimpey, Bovis, Persimmon, Bellway and Redrow about why they were told their homes were “virtually freehold” when their leasehold homes had onerous ground rent terms written into the leases, which were later secretly sold to investors.""[link] true or false these claims may be, the government could seize on this, like PPI, and set up a whole claims industry and allow it to promote it for years at the expense of the builders.Looking back on PPI - lloyds set aside £1bn for PPI claims, optimistically thinking that would cap the whole issue -- £20BN later they are still paying out many years after the first claims came in.The government could have stopped this after 1 or 2 years, but they chose to ignore it, as it allowed cash to flow back into the punters pockets that gets spend again in the system raising more tax.If this gets hold it could be very damaging for the building sector.Games
Maru118
11 Mar 2017
Re: Brexit woes my ar*e! Quite right, quite right. With the FTSE at an all time high, anyone buying now must be careful, but there are certain stocks that haven't peaked yet. This is one of them, and I believe AZN is another that's within the 100. Good time to invest in AIM and small cap when the market is overpriced.
mike-c
10 Mar 2017
Re: Brexit woes my ar*e! One of my best shares last few years. Got in 2013/14 at about 1.10 and a steady rise since. hedged my bets and sold 50% pre Brexit at over £2 and then bought back a week later on the crash. Been a steady recovery since. Housing is still strong and shortage of good new homes. This is a good company with still some way to go in the short term IMHO. Expect this top hit £2 again soon but I'm holding for the fantastic summer special divi. Take it an reinvest
Maru118
09 Mar 2017
Re: Quiet Ex divi drops hurt more than they should lol. Always nice to see the SP climb right after ex divi drop, as has happened with AZN.
