Taylor Wimpey is one of the largest property developers in the UK.

The property development firm is one of the biggest in the UK. It deals in new build developments & the exchange of existing builds. The company was hit hard in the 2008 crisis and it saw its share price plummet 99.2% from £4.10 per share to 5p per share. The company only just made it out alive. Since that, the company has risen to £1.42 a share representing a 2740% increase. In recent days Taylor Wimpey has raised new capital for land acquisitions at £1.45 per share. The company is risen more than £522m and the share price has fallen simply becuase of this offering.

Financially speaking Taylor Wimpey is in a good position. Market Capitalisation is £4.68 Billion and 2019 revenue was £4.3 Billion. Profit after tax was £656m. Year on Year revenue and profit have grown, but only slightly. The balance sheet is good. Cash on hand is £750 million. Assets were around £5.05 Billion with liabilities around £2.02 Billion. The company is stable and the dividend is around 3.8% per year, a good number. Taylor Wimpey does not disclose or report quarterly earnings.

From a technical aspect, the shares are mixed. MACD is negative and the shares trade in the lower Bollinger band. Yesterday the price broke right to the low of £1.38. This does act as the first support followed by the 23.6% Fibonacci at £1.34 - this is also the may lows. The first target would be £1.53 (38.2%) followed by £1.69 (50%). The support line is broken to so this does indicate it will be harder to push up.

Overall Taylor is a mixed company. Financials are good, but there is no doubt the company will be hit by Coronavirus. That being said with interest rates now at all the time lows, mortgages are cheaper than ever. People have lost thier jobs, but the furlough scheme has allowed many people to keep them. Taylor as a long term investment does have the potential, but in the short term, there are some very tough barriers it will need to pass.