KEITH BOWMAN | HARGREAVES LANSDOWN
Taylor Wimpey appears to be firmly on the road to recovery. 2011 is expected to be a further year of progress, supported by ongoing cost cutting, while more recently acquired lower priced land should contribute to the recovery in the company’s profit margin.
JOHN?MESSENGER | RBS
The group is in a stronger position to manage the land acquisition and home sale process relative to recent years. In particular, this implies a more selective land buying process aimed at maximising margin and value over volume – in essence allowing the landbank to determine sales output rather than vice versa.
RACHEL WARING | PANMURE GORDON
There has been a lot of improvement over the last couple of years, specifically in tightening up the balance sheet. It does appear to be in pretty good health at the moment, yet it still has highest level of gearing in the sector. If it did dispose its north American business it would hit normal levels. Watch this space.