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WHG Wren (See LSE:WREN)

9.25
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wren (See LSE:WREN) LSE:WHG London Ordinary Share GB0031056459 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Wren (See LSE:WREN) Share Discussion Threads

Showing 76 to 100 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
08/2/2008
09:45
Peter West,now trying to exit his stake we hear. Brokers lots of egg on face. Have to asay, other director total maverick, and rummours are he's making shares cheaper by not making real info available. Also, brokers totally not on the pulse according to market sentiment.

When Peter West exits his holding to AN other, this may make a boardroom battle, me thinks.

For all the great assets, they need to prove they can generate real cash, not just accumulate for the sake of accumulating. Think price is low, but either it will shine, or go bust in next tweleve months.
Treadaway, needs to be more informative with his shareholders. That said when is the AGM?

hedgehunter1
18/12/2007
22:25
I find the results disappointing. But this is already reflected in the share price
What, one wonders, is Mr Treadaway's "fair measure of confidence" ?
A pint of confidence, please. And a "lumpy" piece of profit too, while you're about it. End of facetious comment.

what is a login ?
18/12/2007
22:19
Year ended July 31
()=Loss/Debit
Figs in £'000 and pence (p), unless
otherwise stated.
2007 2006

Revenue 2,218 3,349
Pft from operations 494 1,741
Pretax profit 759 1,716
EPS basic 1.42p 3.94p
EPS diluted 1.42p 3.78p
Dividend 0.3p 0.25p

what is a login ?
18/12/2007
08:16
Not unhappy with that - still highly profitable; lots of income to come from sale of finished flats and WIP aplenty.

Market slow currently but they are in the safest part of the country and will continue to prosper long term.

philjeans
18/12/2007
07:19
Wren Homes FY profits hit by adverse conditions in housing market

LONDON (Thomson Financial) - Wren Homes Group PLC, the AIM Listed retirement homes and specialist developer, reported a sharp fall in pretax profit for the year to end-July after being hit by adverse conditions in the housing market.

Pretax profit for the year was 759,134 stg, down from 1.72 mln stg a year
earlier on revenue of 2.22 mln compared with 3.35 mln.

The directors are recommending a final dividend of 0.3 pence per share
making 0.55 pence for the year.

Chief executive Paul Treadaway said the results were not as good as the
directors would have wished, but "they nevertheless reflect the current market
conditions".

He added that as Wren moves to develop larger retirement housing schemes,
which will tend to be apartments in substantial blocks, and until it reaches a
certain critical mass, in which it has a number of schemes progressing at any
one time, both in build and ready for selling, its trading results are likely to
be "lumpy", and not following a smooth progressive trend.

But Treadaway added that the board will continue to work to build
sustainable growth, especially in the South East retirement housing sector as
and when market conditions allow "and we look forward to the future with a fair
measure of confidence".

cyberpost
13/12/2007
16:40
Perhaps the fact that 2 directors own 93% of the share might put some people off, it doe's it for me.
ironhorse
05/12/2007
11:09
I sold (a second time) at about 36p a while back. So I am just visiting. This stock was recommended by I.C. earlier this year at about 59p. Pity to see such a promising stock tumble. I suppose construction is notoriously cyclical and the tiddlers are more volatile. Worth keeping on the radar screen for a possible bargain at some stage. Or is there some inherent flaw here that eluded people who ought to know more about these things than I do?
what is a login ?
30/10/2007
14:14
I would ask slapdash, with all due respect, taht I have put serious money into this group, and belive in the management completely, and have researched before investment.

Before making such rash comments, make a valid argument, not an off the cuff remark, if you have anything of value, backed up by numbers please inform.

Read the balance sheet, and understand the grey pound, then comment.

hedgehunter1
29/10/2007
12:17
Couple of further BUYS there this morning; price off the bottom now as investors start to see the opportunity to pick up this tiddler whilst they're so cheap.

Amazing value.

philjeans
26/10/2007
11:23
I made a bomb on this one, buying when they were on PLUS/OFEX eighteen months ago and gradully sold them all - see my opening thread note and subsequent postings.

However, I have now bought back a substantial stake over recent days as the share price has been smacked down far to far. This is an excellent niche property play which has been mauled because of the delay in sale of the block of flats and general worries about the housing market.

The underlying assets here are very valuable; the business is very well managed and the next results will be stellar!

I hear the flats will all be sold very soon for an excellent return on investment.

This is a bargain and I can see the share price doubling very quickly once a few more fully understand the story here. This is not a volume house builder but a very localised, retirement homes specialist in the wealthy and house hungry home counties, particulary Surrey.

philjeans
22/10/2007
09:10
another luke moron wonder tip.... slapper
slapdash
05/10/2007
21:33
Read the numbers 128 plots with planning, say £100K per plot, plus 500 plots at say £30K per plot spec assumption on risk. Say £27.8m, less debt as stated on web page, £1.2m. If we have circa £26m worth of value, discounted back admittedly, for the period to get consent, less tax etc etc, you divide by teh 40.2m shares, and you get a rough and ready 66p per share NAV, and that's with discounting the plots on planning risk.

The market values it on a P/E ratio, and it's buiness is assets mainly that could be traded to any other housebuilder. Just got to love it, when things are mispriced. Urge you to do own research, but with consolidation in housebuilding sector, who wouldn't want a neat Land bank such as this, written let us not forget at £5 per plot! We watch with interest, remeber who bought McCarthy and Stone.

hedgehunter1
04/10/2007
15:41
profit warning:



Doesn't look too bad but sometimes a note like this can be the thin end of the wedge. I bought back some of mine on a speculative basis.

what is a login ?
04/10/2007
15:15
Have a tiny handfull of these and nearly sold recently. Now wondering whether to double up.
mrphil
04/10/2007
15:00
the curse of having been tipped by Luke Heron strikes again...

he also tipped Disperse technologies (bust I think)

and Millbrook scientific (almost bust)....

Slap

slapdash
03/9/2007
12:03
At this price this company seems like good value ... a tempting purchase now?
maniac3
02/8/2007
13:08
Anyone know when results are due?
basketbob
23/7/2007
21:18
Thank you Mr Market for selling me this little gem at such good value.

feel very bullish still on this little bird, as the Directors have a vested interest via their holding doing well, and have been focused on delivery of results.


The retirement market, is not a fickle market like first time buyers, who are sensitive to interest rates increases.

Major shareholders, held firm today, and because someone with £12k needed to revert to cash quickly they spooked Market makers.

Very grateful, have topped up, with more buy orders left to fill. I'll look at this little bird needs longer term support and think it will be rewarded.

Happy hunting.

Why ever is someone trying to ramp NTA on this board? Read the NTA board for those shareholders.

hedgehunter1
23/7/2007
15:04
I sold wren. Greedy little company imo.
what is a login ?
21/7/2007
08:21
redtelephone - 19 Jul'07 - 14:04 - 842 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

Quick - get into NTA ( Northacre) before the results in August.

redtelephone - 19 Jul'07 - 14:04 - 843 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

The value of luxury homes in London has continued to soar despite rising interest rates which have sent a chill through the rest of the housing market.
The Building Societies Association said mortgage approvals in Britain tumbled 22% last month to £4.7bn following five interest rate increases in less than a year.

But upmarket estate agent Savills said 62% of London homes priced at more than £4m in the first half of the year were sold to overseas buyers.

Prices in areas such as Mayfair, Belgravia, Kensington and Chelsea have risen 29% in the past 12 months.

'While interest rates fears and affordability pressures are starting to bite the mainstream housing market, the prime housing market is still being driven by a different set of factors,' said Harriet Black, associate director of residential research at Savills.

Quick - get into NTA ( Northacre) before the results in August.

redtelephone
08/7/2007
17:58
This is the article:

Wren may be good home for a nest-egg
Brian O'Connor, Daily Mail
2 July 2007, 10:20am
If you live in a four or five-bedroom house in southern England with a good-sized garden, in a nice area with shops and services handy, you might one day get a call from Wren Homes chairman Peter West.
He will ask you about the possibility of turning the site into retirement apartments. If your home is worth £600,000, he might offer you £720,000 subject to planning permission.
If you like the idea, having taken legal advice, you sign an option to sell at that price within a year. He seeks planning consent and if he succeeds, he will come back and give you six months to move.
In this way, Wren has collected options which could enable it to build 440 apartments. The first 28 at Warlingham in Surrey were completed a year ago. The firm plans 60 more at a nearby site and another 61 at Carshalton and Crowborough.
West, an experienced developer, founded the group with Paul Treadaway in 1994. He says: 'By 2021 one in five people in Britain will be over 65. By 2040 there will be 15m. Yet the number of retirement homes being built is minuscule.'
Wren's apartments are not care homes. The company's target customers are still active, though some may need help. Typically, they pay £340,000 for a two-bedroom apartment, with use of garden and a communal area.
Each room has an alarm button reaching a call centre. Service charges and ground rent add about £180 a month.
West and Treadaway floated Wren on the Ofex (now Plus) market in 2001 and moved to Aim last November, raising £5.8m in a placing at 36p. They sold £1.4m of shares each, but still hold 49%.
City investors snapped up the shares, lifting them to 66½p, where Wren is valued at £27m. West says: 'There is a great big gap in the retirement business which gives us a lot of room for growth. We are a very ambitious company. We are looking to be the next McCarthy & Stone.'
That would be some achievement. McCarthy, an Investment Extra favourite since Michael Walters wrote the column, was taken private last year for a stonking £1.1bn. Last tipped here at 501p, it went out at 1075p for a healthy profit. Wren's sales were £3.3m (and pretax profits £1.7m) last year so it is a long way from the big league yet.
West hopes to get there partly by buying private housing developers. Issuing more shares could be a drag on the share price. Risks abound. The cycle from finding a site identification to selling an apartment can take five years. Since schemes are funded partly by bank loans, delay could be costly. Any shortfall in the quality of its homes could damage its brand.
Ageing has an unglamorous side, but unquestionably many will need suitable homes. Estate agent Savills estimates the UK has only 40 retirement villages - upwards of 400 are needed.

what is a login ?
08/7/2007
17:46
Here's a recent buy recommendation from the Mail with some words of caution, however.
what is a login ?
04/7/2007
10:15
Well despite most of the property sector posting pretty good results and outlooks the sentiment is bad. Too many worried that interest rate rises are going to cripple growth. Some of the property stocks are on quite attractive prices, but it's a bit risky to buy at the moment with the way they are dropping.
sirhokko
04/7/2007
09:29
And now it is falling ...
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26/4/2007
08:32
The little wren is already airborn and slowly slowly rising. More to come I'm sure.
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