|Wren (See LSE:WREN)
||EPS - Basic
||Market Cap (m)
Wren (See LSE:WREN) Share Discussion Threads
Showing 126 to 148 of 150 messages
|Anyone fancy starting a new thread for WREN?|
|In all honesty it is not a huge amount of money. I do like the fact that the CEO owns about 20% of the company. This means that he is in it for the long term and by that I mean at least a decade, not just a month!|
|Don't you think the chage of name, change of emphasis and the fact directors are buying just a couple of months before the results adds up to something going on here?
|I have had another look at Wren's website. Their future developments have no information on date of completion or of any plans, only the number of properties intended to be built.
The current development has a small number for sale, three reserved.|
|Has anyone looked at their current retirement development. On the website the properties seem very small.
Does anyone know of anyone that has bought a Wren home?|
|Yep, was very pleased to find a quiet thread - very good sign.
I didn't do bad paying 8.5p this week - shame I struggled to any size tho. Still, another little penny gem I suspect, tucjk away for two years and then find it's a decent amount of cash value by then.
|A close above 10p would be very encouraging. This is, however, a long term hold I suspect. Still overlooked by the chattering masses.|
|Nice to see a few people happy to pay over 10p already, reckon this could turn out to be a nice one imho.|
|Directors buying and not a word here :-)
|Investors may be interested to hear that the CEO of Wren Homes plc is giving a presentation on the company at a free seminar on Tuesday 15th September after 6.00pm at the t1ps offices and afterwards in a local hostelry.
The event will be held at the t1ps.com offices at 5-11 Worship Street, London EC2A 2BH starting from 6pm.
It's a free event and you can get a place by RSVPing to Michelle Levin at email@example.com or calling her on 020 7562 3386 asap.|
|Seem like a good recovery play at this price especially given a bit of patience.|
|The share price seems to be oscillating in a channel. However the real move ahead won't come here until mortgage finance improves. Yes - Wren have an elderly client base - most of whom don't have any outstanding mortgage - but their ability to dispose of their existing home depends on the availability of funding to the buyer.
Wren is certainly worth watching.|
|This one going places on positive newsflow get in now before it is to late.|
|section below from the above note (GROWTH EQUITIES & COMPANY RESEARCH):
Valuation and Conclusion
Wren creates Extra Care schemes focussing on the fast growing, emerging market for Extra-Care retirement homes and the perception of its prospects being intertwined with those of the overall residential housing market, should gradually fade - particularly with the Company's rental proposition.
However, the UK residential housing market is in a severe recession which is clearly demonstrated by the appalling results and forecast expectations for most of the quoted housebuilders.
However, we believe that the worst of the downturn is over and even only a slight recovery is likely to translate into growing investor appetite for housebuilders. Although, house builders are not necessarily a good valuation proxy for Wren, they do nonetheless provide an indication of possible value. Additionally, it is the sector that most investor's will value the Company against during the current transitional phase.
Price Earnings multiples do not provide much guidance but the Price Sales (per share) multiples do and, as the recovery develops and investor appetite builds, the expectation has to be for the Price Sales multiples of the depressed companies to converge with those of Berkeley Group (1.7x) and Bovis Homes (1.9x). Wren is trading on a 2011 Price/Sales multiple of 0.3x and it could be argued that a premium multiple - because of its unique investment proposition and potential for higher growth rates due to the increasing demands from an aging population is merited. However, even a Price Sales multiple of just 1 would imply a share price of 26.3p based on 2011 forecasts
We have also looked at Wren from the perspective of possible forward P/E multiples for the acknowledged, not ideal, Construction sector but also Support Services and Healthcare. We have discounted these sector multiples by 10% (arguably overly aggressive in the current economic climate) and these suggest a possible 2011 target price of around 49p (1.9x forecast sales); using Wren's implied earnings per share (annualised to 31 December 2011 and after a full tax charge).|
|GROWTH EQUITIES & COMPANY RESEARCH
Analyst: Philip Morrish
Wren Homes Group*: Former retirement scheme creator, now repositioned in growing 'Extra Care' retirement homes market
Buy at 7.50p; target price 26.3p
(First analyst report I have seen in a long time, for WHG.)|
|Wren set to soar on bid from whitehall|
|Take a look at NTA prime london builder, market cap 6M, sales 1.5BN yes 1.5BN, see thread good luck.|
|Some buying interest here again today.|
|Looking at todays news - Whitehall Consolidated Ltd have increased their shareholding to 6,758,778 from 5,471,000 (bought 1,287,778 shares on the 16.04.2009).|
|Bit of blue here, but will it join in the property sector rally that we are seeing elsewhere at the moment?|
|Back, bit not dead.
Serious money people now want results, not talk.
Questions on staff to drive forward.
Like all HB this will be battered short term, but med/ longer term story holds good. Good target towns, nioce product.
Directors, have massive incentive to drive forward, have gone seriopsuly underwater, but holding firm, for whne things get valued, oln a proper buyer seller basis.
Happy hunting nuggets.|
|Yes, may well be a good long term play now .....|
|Anyone following this company?|