Barratt Redrow Share Discussion Threads

[tornado12] 07/2/2024 07:31

Results as expected are lower as with dividend, but outlook 2024 seems more positive. The news on the surprise redrow purchase, although I think a positive move for consolidation inside the market, not sure about the premium they are paying for it ?..
A bold move imo

[vatteton] 07/2/2024 07:23

Recommended Offer for Redrow plc

[tornado12] 06/2/2024 08:55

HY results tomorrow .. GLA

[zho] 18/1/2024 14:02

Here's the Daily Mail's take:

[wad collector] 18/1/2024 13:47

Bad publicity for BDEV this week as the part of the Darwin Green estate is demolished, due to insufficient foundations. I can't see any reference to it in any of the TUs last year , only to the concrete frame remediation costs. Guess the £40M is somewhere in the accounts.

[j4ckthehat] 15/1/2024 02:05

https://amp.theguardian.com/business/2024/jan/04/britains-housing-market-may-be-past-peak-pain-but-what-will-2024-bring

[tornado12] 10/1/2024 15:57

The PSN business update could read across here also as positive news and outlook 2024 GLA

[lafiamma] 18/12/2023 11:57

Although Marshall Wace have bought a bit of their short back and the share price will probably continue to drift higher as/if they close it out entirely, I've decided 565p is good enough for me for now. Good luck all, probably see you again if they dip back below a fiver

[tornado12] 15/12/2023 09:59

Great recover in share price The chatter on interest cuts next year can only help support. Not out of the woods but better scenario than a year ago GLA

[lafiamma] 14/12/2023 08:37

RICS is a good leading indicator:

• Near-term sales outlook improves somewhat, supported by slightly lower mortgage rates • Current activity metrics remain negative but to a lesser degree than in recent months • National house price declines appear to be slowing

www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/11._WEB_November_2023_RICS_UK_Residential_Market_Survey_tp.pdf

[tornado12] 12/12/2023 15:08

I take it you have sold out in the recent +30% rally ?

[sikhthetech] 12/12/2023 14:12

As expected, mortgage lending falls by over 40%
Mortgage arrears surge


UK mortgage lending falls by over 40% as interest rates bite


"New mortgage commitments — lending agreed by banks to be advanced in the coming months — shrank by 41.4% year-on-year in the third quarter of 2023, as high interest rates continue to take their toll on the UK housing market.

Data released on Tuesday by the Bank of England showed that there was a 16.5% decrease in new lending quarter-on-quarter, dropping to £51.5bn in Q3.

Meanwhile, the outstanding value of all residential mortgage loans decreased by 0.1% from the previous quarter, data showed, and was 0.8% lower than a year earlier.

In signs of pressure on household finances, the value of outstanding mortgage balances with arrears increased by 11.4% from the previous quarter, to £18.8bn, and was 44% higher than a year earlier."




sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.

[sikhthetech] 12/12/2023 14:12

Tornado,

If the govn wanted to announce major initiatives ahead of the GE then they would have done so in the Autumn statement.

Help to Buy ended over a year ago and there hasn't been any announcement to replace it.

Announcing a replacement next few months, just ahead of the GE will be too late.

[tornado12] 12/12/2023 13:28

Steady recovery in share price here, putting me well into capital profit. I expect the HB market to remain subdued in 2024, but with the general election I hope this can one of the important battle grounds to offer incentives for the future. Long term is a good bottom draw investment and top up in the negative cycles.. GLA

[my retirement fund] 11/12/2023 18:51

Shocking data from Right move today.

[makinbuks] 08/12/2023 15:53

The rise across the board has caught me by surprise somewhat. Simon Thomson always used to push a trade to buy the housebuilders on 1st Jan and sell 31st March. I share the view that they will be sub £5 but we may not see it until May

[my retirement fund] 08/12/2023 12:36

I think the shareprice will be below £5 next year

[lafiamma] 08/12/2023 09:26

1 = one share
0 = zero shares

[kanwar] 08/12/2023 08:23

Hi, could anyone explain what the zero and one trades are? Thanks .

[the original goldbug] 07/12/2023 21:08

Depends on the gearing ratios. BDEV went up early 30 times from the 2008 low. That should give you a clue.

This time it will go back to 8 however. Still a nice double for some of us.

[my retirement fund] 07/12/2023 19:13

Is that why in time of brutal recessions, they always tap the markets with massive rights issues?

[the original goldbug] 07/12/2023 16:16

Most people don’t understand the cash flow dynamics of the house builders.

Free cash actually grows during bear periods as they go on a buying strike.

One of the most misunderstood sectors in the market.

[kanwar] 07/12/2023 16:09

Thank you for putting me straight.

[lafiamma] 07/12/2023 15:44

MRF, I have access to some data which I'm not prepared to share here, for various reasons, but you can see this in publicly available data such as from TwentyEA. Note here the pink line for this year being below comparable years until the last 4-6 weeks when it's held up unlike previous years which have fallen away once past mid-Oct:

www.propertyindustryeye.com/wp-content/uploads/2023/12/Graph-6.png