Why I think the Taylor Wimpey share price is in for a great 2020

first_img Image source: Getty Images. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares For a long time I’ve rated the Taylor Wimpey (LSE: TW) share price as a bargain buy. I still do. In fact, I think all our housebuilders look good value. And the only reason I haven’t bought any Wimpey shares is that I already own some Persimmon.Over the past 12 months, Wimpey shares are up an impressive 36% while the FTSE 100 is up 11%. Over five years, we’re looking at a 58% gain, even though the property market has weakened. But valuations still look low to me, and I see the housebuilding business as resilient.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Good tradingTuesday’s year-end trading update from the biggest in the sector strengthens my view. Chief executive Pete Redfern said “Despite an uncertain political and economic backdrop in 2019, we have continued to experience a good level of demand for our homes and trading in the second half of the year was as anticipated.” Sales reached a new record, and completions were up approximately 5% over the year.London and the Southeast presented “more challenging conditions,” as did higher price-point sales. But I don’t see that as taking much shine off this update, not with our chronic housing shortage continuing.The slump in housebuilder share prices has been, I’m sure, entirely down to the Brexit scare. Investors have expected a property price slump as an outcome, but the pessimism has surely been overdone. Housebuilders don’t need rising prices to make money, just a difference between selling prices and the cost of building up land.Healthy salesTaylor Wimpey’s selling prices remained resilient, with the average of £305k up 1% from 2018’s £302k. There’s an order book going into 2020 valued at £2,176m, nicely ahead of £1,782m at the start of last year. On the downside, building cost inflation hit 4.5%, well ahead of the rise in selling prices. But the firm says cost pressures have been softening over recent months.The Conservative election victory seems to have brought some confidence back to the sector too. And that adds to my feeling that Taylor Wimpey is in for a good year. But there are still risks, and failure to reach a trade agreement with the EU could tip us into recession. That would surely have an adverse effect on builders, and I’d expect to see share prices dip again.Still, Prime Minister Boris Johnson is apparently accepting that a year actually might not be quite enough time for negotiations.Share price valuationTaylor Wimpey’s full results are due on 26 February, and analysts are expecting a 5% fall in earnings per share. That would give us a price-to-earnings multiple of 10.4, which looks cheap to me. High dividends, expected to yield 8.6%, make that look even better value. And the icing on the cake is the firm’s cash balance, which stood at £392m at 30 June. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Alan Oscroft | Wednesday, 15th January, 2020 | More on: TW center_img See all posts by Alan Oscroft Alan Oscroft owns shares of Persimmon. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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Journalist sentenced to a year in prison on trumped-up charges

first_img Follow the news on Tunisia November 11, 2020 Find out more Reporters Without Borders is stunned by the one-year prison sentence imposed today on journalist Slim Boukhdir by a district court in Sakiet Ezzit, a suburb of Sfax (230 km south of Tunis) on charges of insulting behaviour towards an official, affront to public decency and refusing to produce his identity papers.Boukhdir has been in custody ever since police arrested him on the outskirts of Sfax on the morning of 26 November while checking the ID papers of passengers in a collective taxi bound for Tunis.“Tunisian journalists are often jailed on grounds unrelated to their work so that the authorities cannot be accused of censorship,” the press freedom organisation said. “But no one is fooled. Boukhdir is paying the price for being outspoken. Banned from working for the government newspaper that used to employ him and harassed by the police, Boukhdir has never stopped covering the human rights violations committed under President Zine el-Abidine Ben Ali.” Reporters Without Borders added: “We appeal to foreign diplomats in Tunisia to openly express their support for Boukhdir as quickly as possible or else his sentence will be confirmed on appeal and he will have to stay in jail. The hope of an improvement in press freedom that followed the release of human rights lawyer Mohammed Abbou in July has evaporated.”At the end of today’s trial, judge Hatem Ouerda sentenced Boukhdir to eight months in prison for “insulting behaviour towards an official in the exercise of his duty,” four months in prison for “affront to public decency” and five dinars (2.8 euros) for “refusing to produce his identity papers.”His lawyer, Radia Nasraoui, told Reporters Without Borders the trial was marred by “procedural irregularities.” The judge refused to listen to the defence’s arguments and let two witnesses – the collective taxi driver and one of the passengers – testify without taking an oath, she said. The judge in charge of the case refused to release Boukhdir on bail the day after his arrest, and now he will have to remain in detention until his appeal is heard.Aged 39, Boukhdir is the correspondent of the London-based, pan-Arab newspaper Al Quds Al Arabi and the website of the satellite TV station Al-Arabiya. He also writes for other websites such as Tunisnews and Kantara.President Ben Ali is on the Reporters Without Borders list of the world’s 34 worst press freedom predators.One the same subject:28.11.2007 – Judge orders journalist detained until trial TunisiaMiddle East – North Africa News Reporters Without Borders is stunned by the one-year prison sentence imposed on journalist Slim Boukhdir. “Tunisian journalists are often jailed on grounds unrelated to their work so that the authorities cannot be accused of censorship. But no one is fooled. Boukhdir is paying the price for being outspoken” the press freedom organisation said. to go further Forum on Information and Democracy 250 recommendations on how to stop “infodemics” News Eleven organizations from civil society create the Forum on Information & Democracy, a structural response to information disorder Tunisia : RSF asks Tunisian president’s office to respect journalists December 26, 2019 Find out more News RSF_en TunisiaMiddle East – North Africa Organisation December 4, 2007 – Updated on January 20, 2016 Journalist sentenced to a year in prison on trumped-up charges News Receive email alerts Help by sharing this information November 12, 2019 Find out morelast_img read more