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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Oakdene | LSE:OKD | London | Ordinary Share | GB0030739790 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.125 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 9.125 | GBX |
Oakdene Homes (OKD) Share Charts1 Year Oakdene Homes Chart |
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1 Month Oakdene Homes Chart |
Intraday Oakdene Homes Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/8/2013 | 18:29 | Oakdene homes | 1,119 |
| 09/5/2008 | 07:11 | **** Oakdene Homes **** | 26 |
| 16/8/2006 | 11:25 | housebuilder to short | 3 |
| 15/6/2005 | 15:11 | OAKDENE HOMES>>THE LATEST INFORMATION | 172 |
| 05/8/2004 | 23:21 | Interview: OKD's CEO Carl Turpin - Thu 1st July, 11am | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 23/7/2009 21:17 by galles So we have lost all our money on OKD then! |
Posted at 23/7/2009 07:05 by slapdash Oakdene Homes RIP (Turpin CEO's second major bankruptcy in as many years) Still seem to be selling homes under the administrator I wonder if they are at a knockdown price and if they are completing the developments or not:Prices at Newhaven appear to have fallen: RNS Number : 1095W AIM 23 July 2009 NOTICE (524) 23/07/2009 7:00am CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM OAKDENE HOMES PLC Trading on AIM for the under-mentioned securities have been cancelled from 23/07/2009 7:00am pursuant to AIM Rule 41. Ordinary Shares of 1p each fully paid (3073979)(GB00307397 If you have any queries relating to the above, please contact the Company's nominated adviser on 020 7459 3600. Ref: AIMNOT524 This information is provided by RNS The company news service from the London Stock Exchange END AMOXLLFLKDBEBBQ |
Posted at 28/1/2009 08:49 by slapdash Wray has left the building...Interesting looking at Rightmove and then Newhaven... can see Oakdene's flats there.. look horribly overpriced.... i.e. could buy a house with garden etc for much less than the price of one of their two bedroom flats.... A glimpse into Carl Turpin's fantasy world....... Slap |
Posted at 22/1/2009 22:13 by the troll someone tipped it on 'share crazy' with a 70p target price; Useless, you may as well stick a pin in ! |
Posted at 02/10/2008 10:28 by williebiz Oakdene Homes' shares dive 37% in a single day09:44 02 Oct 2008 By John Leitch Oakdene Homes was in the wars yesterday as its share price tumbled by 37%. The collapse was triggered by news that the developer was resorting to the use of a temporary banking facility following the breach of its debt covenants. The share price fall could have been much worse: it came despite assurances from chief executive Carl Turpin that he had agreed in principle a £2.5m cash deal, a move that would be sufficient to tide the group over until the sale of completed homes replenished Oakdene's balance sheet. The Financial Times talked to Turpin and this morning the paper reports him as believing that Oakdene's financial difficulties were a "cash-flow glitch". The FT reports Turpin saying: "We will be in a position to make an announcement about the bank deal in the next seven days. Once we've concluded the talks we will be in a strong position to move forward." Oakdene might be the first housebuilder to publicly admit to breaching its banking covenants but many other privately-owned groups are said to be in the same situation. The situation with the larger Stock Market-quoted housebuilders is that they are making moves to restructure their funding arrangements ahead of anticipated breaches. Yesterday, Oakdene's share slumped from 14p to just 9p. Turpin has ruled out the possibility of selling Oakdene to a rival. He told the FT: "We've had a couple of approaches in the past 12 months, but no-one has the cash available to make purchases now." |
Posted at 01/10/2008 07:12 by williebiz Oakdene in breach of banking covenants30 September, 2008 By Tom Bill Housebuilder fails to raise £5m on the stock exchange and reveals interim loss of £6.4m Housebuilder Oakdene has failed to raise £5m through a share placement and dropped more than £6m into the red for the first six months of 2008. It is also in breach of its banking covenants and relying on a temporary facility from its lenders. The group said it had placed 8,987,108 of the 10m shares it had planned to and was seeking legal advice about what to do next. It is thought one or more investors got cold feet given the fact shares were being offered at 50p despite the fact Oakdene's share price fell to 17p today. By way of a sweetener it offered warrants with each share or options to buy at 50p at a future date. One City analyst said: "It clearly wasn't enough. The share price has been heading south for a few weeks now and someone has obviously got pulled out." Its loss of £6.4m in the first half of 2008 followed land writedowns of £7m. Turnover was down 41% from £18.9m to £11m. The company said: "In common with most housebuilders Oakdene has suffered from the effects of the turmoil in the global markets which has led to a shortage of mortgage availability." In relation to the likelihood of agreeing a covenant deal with its banks, it said: "Discussions around future banking terms are ongoing with our bankers. We are extremely grateful for their support to date and we are seeking to reach agreement on future support shortly." From 'Building'. Shortly to be remamed 'Not actually building any right now' LOL |
Posted at 30/9/2008 16:32 by williebiz NH: have you seen this note from Dresdner note on the housebuilding sector NH: (Bohemia - they have insurance ops. NSAM does not) PM: no NH: he's been on a tour of property markets in the Midlands and the North of England NH: and his impressions PM: NH: well they are pretty bleak NH: carnage beyond even our most bearish expectations PM: oh dear NH: and there are plenty more juicy sound bites from the note NH: In Leeds, the city displayed a range from high spec, well located developments to what our source summarised in a pithy but unprintable one syllable adjective NH: here's the note NH: and after reading it NH: you wonder why the housebuilders are not getting kicked this morning NH: We have just returned from a tour of property markets in the Midlands and North of England and our impression - especially of newbuild apartments - is of carnage beyond even our most bearish expectations. Prices of urban apartments appear to have fallen in many cases by 40 - 50%, volumes have dried up to virtually zero, many developers have gone bust and land in many cases appears to be worthless. NH: Our visits to agents and consultants in Birmingham, Manchester, Leeds and Sheffield revealed a near-apocalyptic landscape which we believe to be far worse than even the most candid builders have revealed in presentations. We believe quoted housebuilders could be forced to issue early profit warnings and are in danger of widespread breaches of banking covenants. The turmoil in the banking sector looks almost certain to take lending to a new low and deter would-be buyers indefinitely, in our view. PM: near-apocalyptic landscape???? NH: One stark view was that the six leading property agents in Leeds have sold - between them - only six new apartments in two months. We were also given documentation sent by Barratt to property professionals throughout the group's Yorkshire East division offering up to 43% off its properties on bulk deals of at least 5 units. An attached price list of 161 homes showed average reductions of 26% (effectively 29% with agents' fees) - and 33% (effectively 36%) off apartments (see below). NH: Barratt this month described 25% falls in price, and 40% in volume, as the "Armageddon" scenario in its stress testing of its new banking covenants. In the letter, dated 24 September headlined "Six Million Pound Yorkshire Property Sale - Better Than Auction Prices!", the divisional head states "As a result of current market conditions we have committed to sell up to 70 properties throughout our region, equating to a value of approximately £6 million, to assist with our operational targets PM: This stuff on Barrett is v interesting NH: Homes on 20 developments "have been significantly discounted to very realistic, below valuation prices, subject to a bulk acquisition by a single purchaser of no fewer than five units." The catalogue in fact lists 161 with "before and after" prices downgraded from a total of £27.2m to £20.1m, ranging from 1 bed flats to 5-bed detached homes. The minimum discount is 18.2% for a 3-bed terraced house in Bridlington. The maximum is a 5-bed detached in Doncaster. Agents are promised fees of 2 - 3%. NH: Elsewhere on our tour there was a similarly bleak picture. In all four cities agents described: massive over-supply of apartments; developers selling at virtually any price to shift stock of flats; virtually all forthcoming new NH: developments mothballed; according to those we talked to, signs of the biggest listed housebuilders descending into severe financial difficulties; residential sales staff numbers being cut by around two-thirds and a complete NH: do you want some more NH: bickie Reminder to readers - if you arrived late and want to stop the dialogue 'jumping' as you catch up, hit the 'pause auto-scrolling' tab at the bottom right hand corner PM: yes please! NH: freezing up of the land market. Generally lenders were insisting on deposits of at least 25% for flats, with very vigorous valuation criteria. NH: The two signs of light - and which all our contacts agreed on - was the emergence of "vulture funds" and greatly increased rental demand and signs that rents had risen in low to mid single digit amounts. NH: There were, however, concerns that in most cases these cities had very large developments that were still underway and these could disrupt the revival of rent levels. NH: In Birmingham, prices of apartments had fallen from their peak of around £300 per sq foot to £185 - roughly their level in 1998 when the city's boom in urban living got under way. Houses were estimated to be down by a lesser 20%. One agent told us volumes of flats through the city's office had declined by over 80% since the peak. The decline had been relatively steady over the past three years. NH: Large housebuilders were attempting to stall on major land deals or were being forced to sell options. Any bulk buyers were looking for at least 8% net yields (at least 12% gross, we estimate). In Manchester the decline had been more recent but much more precipitous, according to our meetings. Many private developers had failed or were teetering, we were told by all. Effective net yields after discounts were around 10%. We were highly impressed by the quality and prospects of the forthcoming Media City (one of only two schemes where new phases are coming out of the ground) but believe that developers will be impacted by the failure of City Lofts on the same site. NH: In Leeds, the city displayed a range from high spec, well located developments to what our source summarised in a pithy but unprintable one syllable adjective. There was a high level of new stock coming onstream and much of the recently developed stock largely held by what we would describe as the victims of so-called "investor clubs". Vulture funds were circling, we were told, but there appeared to be a tendency for bulk buyers to drop the price at the last moment. Residual land values on some sites zoned for apartments are likely to be seriously negative, we were advised. NH: Final stop was Sheffield. Our contacts estimated that around 85% of all the new stock that has come into the city centre market was buy to let. Prices of flats had fallen 25% since the peak, with more on repossessions. A worrying new trend, we were told, is that Alliance & Leicester had now started requiring two valuations on purchases of flats: one a standard valuation, and the second a 90-day "Projected Market Valuation", ie what it would sell for in three months. Surveyors were under pressure to drive down valuations, we were told by one who had seen his volumes plunge by over 90%. NH: We stress that urban ("city centre" is a misconception in many cases) apartments are not everything that housebuilders undertake. But they are around half of the UK output of Barratt and Taylor Wimpey. The Barratt price list below indicates that houses are not immune and houses are more dependent on chains and less attractive to vulture funds in our view. Our own belief is that the smart vultures will choose to stay hungry for quite a long time to come. |
Posted at 03/7/2008 12:45 by spaceparallax Frankly, I'm amazed at how well the OKD share price is holding up when considering the absolute slaughter of TW. and BDev. |
Posted at 08/1/2007 09:16 by spaceparallax Edj,I appreciate your concern on the sector in general, but there does seem to be an emerging recognition of the undervaluation of the OKD share price |
Posted at 11/1/2006 13:41 by spaceparallax Certainly looking good so far. OKD share price movements have always mystified me i.e. the sensitivity to trading volumes has varied enormously over the months that I've been watching. Sometimes the price stands resolute in the face of significant trading, others it can rise and fall on very little. |
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