Taylor Wimpey PLC (LSE: TW.)

Taylor Wimpey PLC (LSE: TW.) is an FTSE 100 index listed residential property developer that offers properties in different price ranges.

Upcoming Update: On 2 March 2023, Taylor Wimpey expects to release its FY22 results.

Market Update

• FY22 Trading Statement:
  • On the back of price discipline and tight operational controls, business delivered a growth in operating margins during FY22. Subsequently, FY22 operating profit was in line with expectations, despite the economic and political backdrop.
  • However, the net private reservation rate for FY22 plunged to 0.68 homes per outlet per week (FY21: 0.91), while the cancellation rate soared to 23% in FY22 (FY21: 14%).
  • The Group ended FY22 with an order book valued at £1,941 million (31 December 2021: £2,550 million).
  • The year-end net cash position was £864 million (31 December 2021: £837 million net cash), largely due to reduced land spend.
  • Notwithstanding, the Group remained confident of its medium to long term fundamentals.
• Sluggish UK House Prices: As per the Nationwide Building Society, British house prices fell lower than expected in January 2023, due to broader inflation pressure and a surge in borrowing costs.

Share Price Chart

(Data Source: REFINITIV, Analysis done by Kalkine Group)

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Taylor Wimpey PLC closed the trading at GBX 124.10 on 3 February 2023.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 3 February 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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