Taylor Wimpey’s (TW) trading update on 11 January emphasised the great strengths management has achieved in recent years and some of its fears: the land bank, the net cash, forward sales and the highly robust balance sheet, along with great operational capability, are all driving high margins and ROCE, but the near-death experience of 2007-10 taught the company that house building is cyclical so the structure is built around ensuring it can deliver earnings and manage the balance sheet
16 Jan 2017
Hoping for the best, prepared for the worst
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Hoping for the best, prepared for the worst
Taylor Wimpey plc (TW:LON) | 132 0.1 0.0% | Mkt Cap: 4,658m
- Published:
16 Jan 2017 -
Author:
Stephen Rawlinson -
Pages:
2
Taylor Wimpey’s (TW) trading update on 11 January emphasised the great strengths management has achieved in recent years and some of its fears: the land bank, the net cash, forward sales and the highly robust balance sheet, along with great operational capability, are all driving high margins and ROCE, but the near-death experience of 2007-10 taught the company that house building is cyclical so the structure is built around ensuring it can deliver earnings and manage the balance sheet