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Taylor Wimpey
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Nikhil Jain
Posted: 09 May 2024 08:03:06(UTC)
#1

Joined: 29/04/2023(UTC)
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Hi

Looking to place a small amount into a stock with good growth potential and dividend, predicting house builders will do well under a Labout govt and future rate cuts, TW looks the best value on paper, folllowed by Persimmon. Does anyone have an opinion or of this is a good buy?

Or are there alternatives? I considered M&G and L&G.

Thanks
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Phil 2
Posted: 09 May 2024 23:05:16(UTC)
#2

Joined: 20/07/2018(UTC)
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I have no wisdom to impart although I do hold LGEN and MNG which are great income providers and very well run, profitable businesses. Page down through the stocks forum and you’ll find threads on the companies you’re interested in and many others.

Or you might choose one of the funds or trusts specialising in UK / other regions. Look at DIG for instance.

Good luck with your research.
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Ian Eccles on 10/05/2024(UTC), Helen L on 10/05/2024(UTC), markydeedrop on 24/05/2024(UTC)
Ian Eccles
Posted: 10 May 2024 04:13:36(UTC)
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I hold TW in fact they payout their dividend this morning.
Not for me to advise you but you could have picked them up around the 90-100p mark not that long ago, the boat as sailed at the plus 140p price in my world.
The same goes for LGEN, they are both good dividend payers but you could have bought them earlier in the year for a much better price.
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Phil 2 on 10/05/2024(UTC)
NoMoreKickingCans
Posted: 10 May 2024 06:31:28(UTC)
#4

Joined: 26/02/2012(UTC)
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Well done Ian.
To be provocative, are you selling them now the boat has sailed to take your profit ?

I don’t own any of the mentioned stocks. Clearly TW has reached 200p in the past and one might argue that with all the inflation to incomes we have had it might surpass that in future given enough interest rate cuts? But not a recommendation as such.

Re any Labour government and house building - shouldn’t we expect them to demand much higher levels of social housing/housing association construction - no doubt much to the annoyance of the house builders as such is likely considerably less profitable then private sales. I also think politicians make lots of noise but fortunately most of the time their sound and fury signifies next to nothing and the real world goes on unchanged regardless.

House building remains an artificial sector as nowhere would proper open market competition yield the fat 20% profit margin the house builders enjoy for throwing up little boxes.
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5 users thanked NoMoreKickingCans for this post.
Ian Eccles on 10/05/2024(UTC), Phil 2 on 10/05/2024(UTC), jb on 11/05/2024(UTC), Tom Davis on 11/05/2024(UTC), markydeedrop on 24/05/2024(UTC)
Johan De Silva
Posted: 10 May 2024 06:35:33(UTC)
#5

Joined: 22/07/2019(UTC)
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"the boat as sailed" view is one have grappled with for years. If we look at the transaction thread... hands up who sold Rolls Royce banking 50%+ at 100p-120p or so.... we did. Erm... 428p this morning!

I think house builders are still cheap. Would agree M&G looks good at an entry price today.

I have been buying a small position in Jet2 on the current dip. P/E under 8, net cash position, good aircraft and critically growing earnings. It is an holding in JPMorgan UK Small Cap Growth & Income plc (JUGI) and they publish their full holding in a spreadsheet to download on the website and are based on quality so see if they have any house builders on there? If they do consider buying the trust.
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Sheerman on 10/05/2024(UTC), what me worry? on 10/05/2024(UTC)
Ian Eccles
Posted: 10 May 2024 07:09:38(UTC)
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No, not selling TW, a long time holder, my strategy is buy more when the price drops which I feel comfortable paying.
Like you say, they have been above £2/share in the past, when they arrive there again I would be thinking of selling a few.
If our friend is after a decent dividend my choice would be Phoenix Group, if you can buy them sub £5 they will serve you well.
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what me worry? on 10/05/2024(UTC)
Ian Eccles
Posted: 10 May 2024 07:12:29(UTC)
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Johan De Silva;305231 wrote:
"the boat as sailed" view is one have grappled with for years. If we look at the transaction thread... hands up who sold Royals Royce banking 50%+ at 100p-120p or so.... we did. Erm... 428p this morning!

I think house builders are still cheap. Would agree M&G looks good at an entry price today.

I have been buying a small position in Jet2 on the current dip. P/E under 8, net cash position, good aircraft and critically growing earnings. It is an holding in JPMorgan UK Small Cap Growth & Income plc (JUGI) and they publish their full holding in a spreadsheet to download on the website and are based on quality so see if they have any house builders on there? If they do consider buying the trust.


I scanned easyJet the other day but decided not to bother .
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Ian Eccles
Posted: 10 May 2024 09:22:42(UTC)
#7

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Johan De Silva;305231 wrote:
"the boat as sailed" view is one have grappled with for years. If we look at the transaction thread... hands up who sold Royals Royce banking 50%+ at 100p-120p or so.... we did. Erm... 428p this morning!

I think house builders are still cheap. Would agree M&G looks good at an entry price today.

I have been buying a small position in Jet2 on the current dip. P/E under 8, net cash position, good aircraft and critically growing earnings. It is an holding in JPMorgan UK Small Cap Growth & Income plc (JUGI) and they publish their full holding in a spreadsheet to download on the website and are based on quality so see if they have any house builders on there? If they do consider buying the trust.


I sold out of Rolls earlier than I should but it was an opportunistic buy, jumping on the Ukrainian conflict bandwagon, made a few bob and moved on, no regrets.
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Johan De Silva on 10/05/2024(UTC)
what me worry?
Posted: 10 May 2024 09:56:54(UTC)
#9

Joined: 20/11/2007(UTC)
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Ian Eccles;305234 wrote:
No, not selling TW, a long time holder, my strategy is buy more when the price drops which I feel comfortable paying.
Like you say, they have been above £2/share in the past, when they arrive there again I would be thinking of selling a few.
If our friend is after a decent dividend my choice would be Phoenix Group, if you can buy them sub £5 they will serve you well.



Agree PHNX long term hold and my largest holding (too high perhaps at £80k)

Also think most of the insurers are a good bet #mostofthetime
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2 users thanked what me worry? for this post.
Ian Eccles on 10/05/2024(UTC), markydeedrop on 24/05/2024(UTC)
Ian Eccles
Posted: 10 May 2024 12:40:00(UTC)
#10

Joined: 04/07/2021(UTC)
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what me worry?;305256 wrote:
Ian Eccles;305234 wrote:
No, not selling TW, a long time holder, my strategy is buy more when the price drops which I feel comfortable paying.
Like you say, they have been above £2/share in the past, when they arrive there again I would be thinking of selling a few.
If our friend is after a decent dividend my choice would be Phoenix Group, if you can buy them sub £5 they will serve you well.



Agree PHNX long term hold and my largest holding (too high perhaps at £80k)

Also think most of the insurers are a good bet #mostofthetime


SNAP ,my largest single share holding, you need a bucket to carry off your dividend payments which will be paid on 22nd May, get your bucket ready.
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