Oakdene Homes Share Discussion Threads

[redtelephone] 23/3/2007 20:56

DAILY MAIL SNIPPET - THIS IS MONEY MARCH 16TH.

Oakdene Homes is a small housebuilder whose shares are 'lowly rated' and it has a big 'For Sale' sign hanging over it. It's the City's favourite bid target with a valuable land bank. And despite a powerful rally, the shares are the second cheapest among housebuilders (Taylor Woodrow is cheaper because of its US exposure). The shares trade on a price-to-earnings ratio of 9 on forecast earnings compared to 10 for the big housebuilders.

There is a risk that the UK's crazy house prices regain some sanity although they're currently rising in the south-east where Oakdene largely operates. 'It's south-east focus is yet another attraction for bidders'.
Verdict: Buy

[spaceparallax] 23/3/2007 14:01

Slap,

Calm down - I've not seen you so agitated before.

[slapdash] 23/3/2007 13:08

what a pain in the ass... waiting for this company...

I think results two years ago were 20th April.... so probably about four weeks more to go.....

Slapper

[redtelephone] 21/3/2007 19:09

Lots of buys today.2 x 40 000 buy trades today.Perhaps someone knows of good news/results.

[slapdash] 19/3/2007 20:14

hmmm slightly worrying... delayed trades getting rid or shares at the end of the day.... holder selling out to PI's prompted by the Investors Chronicle tip...

What can I say... not the best sign

Slapper

[spaceparallax] 19/3/2007 10:36

Slap,

I found the article particularly strange - clearly stating a BUY and yet peppering it with an unusual collection of caveats.

BTW, your amazing OKD... sounds like a SUN headline.

[slapdash] 16/3/2007 20:12

MY AMAZING OAKDENE THEORY: We know they are trying to get other sites like newhaven.. the lack of trading statement could be because they are doing a rights-issue/placing to raise money and to encourage subscribers want to let them know trading is ok then release results with everything in the bag.... just a theory but we do know they are negotiating on other sites and they will need moeny to avoid them..

ON INVESTORS CHRONICLE PIECE.

just read the investors chronicle piece... only interesting thing I found out is that it says city analsts rekon it would cost a home builder £100m to buy the Newhaven site today... that just seem made up to me and I wouldn't trust the number

Fairly rubbish analysis in my view and has the feel of a thinly research few obvious pointers put together by a hack who has run out of ideas..

it says that oakdene is the cheapest in the sector as it is on a forecast P/E of 9..... the forecast should be for the year ahead and the P/E then is just over 5

So all in all a very disappointing rubbish piece of journalism... nothing we don't know and doesn't include a lot of stuff we do... all the informaiton is public domain and they didn't even get teh analysts forecasts which are on oakdene's ruddy website.... so a big missed opportunity....

Slapper

[slapdash] 16/3/2007 18:41

turpin as I understand has had a chequered relation with investors and is fairly headstrong.... only to his own detriment as if he had been more investor friendly this would have a higher rating and he could of sold his recent stake to fund a divorce settlement at a higher price....

but some entrepreneurs hate the city to tell them what they should do... and hate having to act as if they don't own the whole company

Slapper

[spaceparallax] 16/3/2007 18:23

Slap,

IC reckon that messrs Wray and Turpin own 16% and 13% respectively.

I'm at a loss to understand their approach to PR - seems as if they're waving two fingers to the Market at times.

[slapdash] 16/3/2007 16:11

I think all you need is one reasonable size investor using the opportunity provided by a tip to get rid of some of their stake and the stock doesn't move..

that appears to be happening here...

If this was another type of business i would be more worried... but I have seen their development in Newhaven and it appears to be selling well as does their development in Swaylands...

And CEO does have a 10% stake...

but not too happy with shareholder relations approach.... and am slightly worried...

Slapper

[spaceparallax] 16/3/2007 12:41

The IC article is a full page, but tends to send out a rather mixed message, which might explain the share price

[this_is_me] 16/3/2007 08:59

It hasn't done OKD a lot of good so far although KBT, another one of my holdings tipped, is well up.

[slapdash] 16/3/2007 07:50

YOU BEAUTY

Oakdene written up as a tip in the investors Chronicle today.....

along with Absolute Capital management - another of my holdings..

Slapper

[spaceparallax] 13/3/2007 09:41

TIM,

Hello again - not long since I responded to you on MSQ!

It'll certainly be very interesting to see the results - I'm very optimistic.

[this_is_me] 12/3/2007 20:24

We have formed a new higher low so the share price continues to drift slowly in the right direction. Still grossly undervalued.

[spaceparallax] 12/3/2007 15:56

Slap,

Yes and no. Good to see it creeping back up, but I suspect that's purely a reflection of general Market sentiment and the strong support around the 200p level, which offers such good PER. It seems too long a time to results for this to be any other reaction.

It'd be nice to see things solidify around 210p in advance of results, in order to provide a really good platform from which investors could see a significant correction, without feeling the need for premature profit-taking.

[slapdash] 12/3/2007 14:58

edging up slowly which I hope bodes well for the results which should be out in a month's time... 'early april...

Slapper

[spaceparallax] 09/3/2007 14:01

Wig,

You probably need to check out a food share rather than here. Anyway, who's the poor urchin? I was under the impresssion that you were comfortably off.

[wiganer] 09/3/2007 13:36

Does anyone have a spoonful of curried goat for a poor urchin?

[spaceparallax] 09/3/2007 13:30

Slap,

I don't agree with the balls of steel requirement - I regard OKD as a steady eddie with minimal risk and massive upside potential.

[slapdash] 09/3/2007 13:16

well feb house prices up quite a bit... housing market strong... BoE keeps interest rates on hold...

Operationally and on the corporate governance side is the worry with this one....

you need balls of steel to hold it.....

my main angle has been that Newhaven planning permission should definetely go through which would be worth a lot to the share price... also went to Newhaven and the site where they do have planning permission is developing well.... and selling well....

my other angle is that these results should be a trigger for a further re-rating... as people will say hey we have past Q1 of this year... they have said things are going ok... and they are on a P/E of 5 for this year with a strong housing market...

Well that is the analysis anyway but I think the management here can be a little to much for some in the City... (although they have got some big institutional investors at last which does bode well)...

Slapper

[this_is_me] 08/3/2007 23:02

Thank goodness for a small bounce!

[spaceparallax] 08/3/2007 15:16

Looks as though sub 200p is just too tempting an share price for OKD.