StueyBoy1989
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Registered: 22nd Feb 07
Location: North West London
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Recently been looking at shares etc an i'v bought some in Royal Bank of Scotland and Taylor Wimpy, seem quite a good buy to be honest, the Taylor Wimpy ones will be back at there best within 6-12 months and Bank of Scotland will be back as well.
Just wondering any one else got any tips as who else is good to invest in? like an up an coming etc?
Cheers!
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IvIarkgraham
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Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
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theres a small up and coming software company. definatly one to keep an eye on
called something like microsoft or something like that
[Edited on 04-09-2009 by IvIarkgraham]
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James
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Registered: 1st Jun 02
Location: Surrey
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Most banks appear to be on the up now.
Our shares have rallied from $3 to almost $18 since January.
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corsa - gus
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Registered: 8th Jan 07
Location: Aberdeen, Scotland
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Taylor Wimpey and RBS are great shouts. I bought TW at 7.9p and sold at 45p, wish I had kept hold of them now! Still made quite a tidy profit from them though. RBS would have been a steal if you had bought them at 10p, i paid 45p for mine though and then didn't buy more when they dropped to 10p because I was scared 
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StueyBoy1989
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Registered: 22nd Feb 07
Location: North West London
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yeah see iv bought mine at both around 38p, brother how ever bought them at 10p an he has more than doubled his money! wish i did it sooner, oih well years time should of at least doubled my money if not more. then that money i make can fund a new turbo, remap an service at the same time.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Banks shares are an obvious one that will (more than likely) only rise from now on, but they are expensive for what they are at the moment due to this, but still have huge growth potential...they arent short term gains though, more 12-18months min.
Id also be a little wary of investing in any sort of building firm unless you have really researched into them. Some took on massive debts to cover their backs when the market crashed, and arent in great shape at all so could still fall a lot. Others also sold off land their were holding for future development on the cheap to free up some cash so dont have projects they can jump into so quick to show a good upturn in the share price. Plus banks still arent commercially lending to a lot of building firms for obvious reasons. As said though, some have come through this OK so what Ive said doesnt apply to all.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by StueyBoy1989
Taylor Wimpy
My old man works for Wimpey, he thinks they are pretty fucked.
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corsa - gus
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Registered: 8th Jan 07
Location: Aberdeen, Scotland
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quote:
Originally posted by DaveyLC
quote:
Originally posted by StueyBoy1989
Taylor Wimpy
My old man works for Wimpey, he thinks they are pretty fucked.
They own fuck loads of land though and have been passed for refinancing iirc, which has boosted the share price.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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But they also have fuck loads of houses that they cant sell that are incurring charges.. This is why there are loads of moth-balled sites, once they have final fit with services they can be charged rates so they leave them as empty shell's with no services but there is still cost for security etc..
Apparenty there have been some deals struck with middle eatern investors but they really have got T.W. by the balls.
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corsa - gus
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Registered: 8th Jan 07
Location: Aberdeen, Scotland
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Tbh, I don't know a lot about it, but I made a decent wedge on them.
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StueyBoy1989
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Registered: 22nd Feb 07
Location: North West London
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T.W own to much an probably owe to much money at the moment so they wont be allowed to go bust in my opinion, when we get out of the current climate i think it will be shares well bought. I'm sure most construction companies are looking at ways of cutting costs, but they have these house's waiting for the market to change an they will make a hell of a load of money. Its just making sure they can actually wait it out.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by StueyBoy1989
T.W own to much an probably owe to much money at the moment so they wont be allowed to go bust in my opinion, when we get out of the current climate i think it will be shares well bought. I'm sure most construction companies are looking at ways of cutting costs, but they have these house's waiting for the market to change an they will make a hell of a load of money. Its just making sure they can actually wait it out.
But they bought the land when prices were at a premium, and Id hazard to guess the construction costs were at good deal more than they would be currently...so when the market does change and people start buying they'll be selling them at a drastically reduced rate, if not a loss just to clear them.
And they would be allowed to go bust, in fact I bet the Govt. would happily let them as they'll then step in and buy all the houses from the administrators for dirt cheap.
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Paul_J
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Registered: 6th Jun 02
Location: London
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To be honest, hindsights a great thing...
You could've bought the shares at RBS at 10pence and it been nationalised - then you'd of ended up with nothing.
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Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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quote:
Originally posted by Cosmo
quote:
Originally posted by StueyBoy1989
T.W own to much an probably owe to much money at the moment so they wont be allowed to go bust in my opinion, when we get out of the current climate i think it will be shares well bought. I'm sure most construction companies are looking at ways of cutting costs, but they have these house's waiting for the market to change an they will make a hell of a load of money. Its just making sure they can actually wait it out.
But they bought the land when prices were at a premium, and Id hazard to guess the construction costs were at good deal more than they would be currently...so when the market does change and people start buying they'll be selling them at a drastically reduced rate, if not a loss just to clear them.
And they would be allowed to go bust, in fact I bet the Govt. would happily let them as they'll then step in and buy all the houses from the administrators for dirt cheap.
Cosmo couldn't have put it any better. I've my own small residential development company and this is the situation pretty much what ever the size of company or level of the market you're in. If it hadn't been for the fact that my last development was built on land passed down to me our company wouldn't exist anymore due to unsold stock and interest charges. Now times that by a factor of 100 and it doesn't take a rocket scientist to work out that TW are an extremely risky investment, as are any companies within the built environment.
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Cosmo
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Registered: 29th Mar 01
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And the new housing market will be one of the longest to recover when all this settles so its certainly not a short-term investment.
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Baskey
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Registered: 31st May 06
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The bank who i work for had shares at 35p in june. There at £1.02 today and rising each day
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Cosmo
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Registered: 29th Mar 01
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Aye, as said banks arent a bad thing to buy in to at the moment as the worst is (probably) over for them, and if anything was going to go tits up with the big ones then it would of by now...unless something unexpected happens again.
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Toby
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Registered: 29th Nov 05
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quote:
Originally posted by DaveyLC
quote:
Originally posted by StueyBoy1989
Taylor Wimpy
My old man works for Wimpey, he thinks they are pretty fucked.
I would agree i bought a property from them (which was a prt ex) they paid £140k for it and i paid £121k, they seemed desperate
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StueyBoy1989
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Registered: 22nd Feb 07
Location: North West London
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but thats the whole point its a risk that i'm willing to take. And if i make money on it then its good bit of business for myself. And iv never said short term investment, obv the longer i leave them there the more money i could POSSIBLY make or lose.
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by StueyBoy1989
but thats the whole point its a risk that i'm willing to take. And if i make money on it then its good bit of business for myself. And iv never said short term investment, obv the longer i leave them there the more money i could POSSIBLY make or lose.
The whole idea of shares though is to research what you're investing into.
I just dont see massive gains being made by, I mean for the risk it is the share price has only risen by approx 5p in the last 3 months.
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Paul_J
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Registered: 6th Jun 02
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I think the boat has been missed to make some really good gains now on banks... you can still make more, but you could've made a small fortune if you had the balls to buy when it was looking grim.
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corsa - gus
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Registered: 8th Jan 07
Location: Aberdeen, Scotland
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quote:
Originally posted by Cosmo
And the new housing market will be one of the longest to recover when all this settles so its certainly not a short-term investment.
the short term investment has been missed for TW when the shares in TW were down at 5p they went up to 40 odd pence within 4-5months!
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Hammer
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Registered: 11th Feb 04
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Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing.
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Paul_J
I think the boat has been missed to make some really good gains now on banks... you can still make more, but you could've made a small fortune if you had the balls to buy when it was looking grim.
Rubbish, of course a huge gain has been made since they were at their lowest, but they still have massive (more than they have done from their lowest to now) growth potential in the next 12-18months.
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by corsa - gus
quote:
Originally posted by Cosmo
And the new housing market will be one of the longest to recover when all this settles so its certainly not a short-term investment.
the short term investment has been missed for TW when the shares in TW were down at 5p they went up to 40 odd pence within 4-5months!
aye, just before xmas they were down below 5p, and went up just above 50p by end of April.
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