Stalking Taylor Wimpey📈

Stalking Taylor Wimpey📈

Today TW. has a current ratio of 4.8, a price/earnings ratio of 6, is trading at a discount to book value (circa 0.81) and has a forward dividend yield of circa 9%. (good fundamentals).

Anyone not living under a rock knows this company as a UK housebuilder.

Today I’m interested to see what happens when the share price breaks below 95p (yellow support line on the above chart). This is because, if the price does come crashing down again, it is not clear where the next support level is.

Obviously, with all the noise regarding UK interest rates at the moment, this is not good news for house prices and this is reflected in the TW share price.

However, 95p is below the bottom set (98p) after SARS-CoV-2 hit.

Is the macro situation now much worse than this?

I don’t think so; and people will always need houses.

I’m going to buy some more below 95p. 🙂

PS. This is not financial advice.

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