Oakdene Homes Share Discussion Threads

[williebiz] 09/5/2008 07:24

Hmmm - not sure I agree with those NAVs LOL and they're strapped for cash.

Results - better than I expected but they're pretty optimistic if they expect the same again next year. No reason to buy just yet.

[redtelephone] 09/5/2008 07:11

Dodgy - asking for 10 million quid (50p - how desperate-no confidence in own company)

Glad I sold at £2.12 (see my old post)

[tornadodown] 08/5/2008 22:41

That is something which we will have to wait and see.

[spaceparallax] 08/5/2008 12:33

The consent is good news, providing that they have the financial strength to take advantage.

Hopefully, the results will be positive, rather than the historical tendency to under-deliver.

[tornadodown] 08/5/2008 11:09

LONDON (Thomson Financial) - Oakdene Homes Plc. said it has received
detailed planning consent from Lewes district council for the next phase of its
flagship waterfront development at West Quay Newhaven.
The housebuilding and property development group said the planning
permission is for 319 apartments, 12 houses and 1,388 square metres of
commercial use, including marina facilities.
Oakdene said construction on this phase will commence later this year, with
the first units due for completion in mid-2009.
Oakdene bought the Newhaven property in 2005 for 11.5 million pounds.
Construction of the first phase of the development, for 106 residential
apartments and 5 commercial units, has just been completed, said Oakdene, adding
that all save 19 apartments have been sold to date.
[e-mail]

[tornadodown] 07/5/2008 23:58

There may well be a run into the results. Hopefully the bad news is behind the company now.

[tornadodown] 07/5/2008 16:17

Still a long way to go for a decent recovery.

[tornadodown] 06/5/2008 13:16

RNS Number:7822T
Oakdene Homes PLC
06 May 2008




Oakdene Homes PLC
('Oakdene' or 'The Company')

Notification of Results


Oakdene, the South East England housebuilding and property development Group,
will announce its preliminary results for the year ending 31 December 2007 on
Friday 9 May 2008.


www.oakdene-homes.co.uk



Ends


Enquiries

[a2584728] 29/4/2008 12:46

I have added some more, runours abound of good things coming.

[barn owl] 28/4/2008 10:07

Might be worth a small long-term punt at these 5 year low prices!
Good luck all.

[tornadodown] 28/4/2008 09:48

Yes what was interesting to see was the 25K buyer having to pay a significant premium which shows stock is not that freely available.

[run rabbit] 28/4/2008 09:26

Thought that may happen. Certainly does not take that much to move this one higher.

[tornadodown] 27/4/2008 21:10

I hope that an early rise Monday may see some good gains this week RR. I do like this company and the potential is there to make a good return on this stock.

[run rabbit] 25/4/2008 16:30

20K buy at full offer sets thing up nicely for next week.

Good weekend all.

[run rabbit] 25/4/2008 15:46

Looks like it needs one decent buy to move it higher.

[tornadodown] 25/4/2008 15:04

A few fun and games today. Seems as though there is not much stock available and hence the moves on low volume.

[tornadodown] 25/4/2008 10:31

PSN up today but that has not given a lift to Oakdene as yet.

[run rabbit] 24/4/2008 23:29

Here is another one.

RNS Number:1737I
Oakdene Homes PLC
21 November 2007


Oakdene Homes plc
(the "Company")

Director's shareholding

The Company was informed today that Carl Turpin, Chief Executive, purchased
10,000 ordinary shares in the Company at 114p per share on 20 November 2007.
Following the purchase, Carl Turpin's interest in the Company is 3,954,923
ordinary shares, representing 9.60% of the Company's issued and voting share
capital.


Bought at £1.14 so must have some faith in the company. May join you tomorrow TD as your tips have certainly returned some good profits.

[tornadodown] 24/4/2008 19:08

End of January

Oakdene Homes CEO, FD buy shares in co




LONDON (Thomson Financial) - Oakdene Homes PLC said chief executive Carl
Turpin purchased 20,000 shares in the company at 78 pence per share and 5,000
shares at 75 pence per share, while finance director Robert Boot purchased
15,000 shares in the company at 67.5 pence each.
The specialist housebuilder, which earlier today issued a full-year profit
warning, said Turpin now owns a 9.66 pct stake, or about 4.0 mln shares and Boot
is now interested in about 0.37 pct or 151,985 shares.
Oakdene added that Ronald Fender, design director, purchased 20,000 shares
in the company at 67 pence each, taking his stake to 0.29 pct or 120,000 shares.

[tornadodown] 24/4/2008 19:07

From the end of February

Oakdene says CEO Turpin buys further 100,000 shrs at 63p/shr; has 9.96 pct stake




LONDON (Thomson Financial) - Oakdene Homes PLC said chief executive Carl
Turpin purchased a further 100,000 shares in the company at 63 pence each, and,
after the transaction, is interested in 4.10 mln shares, or about 9.96 pct of
the total voting rights in the company.

[tornadodown] 24/4/2008 15:44

The dividend yield on this, of course if maintained, is also an attractive reason to hold this stock.

[tornadodown] 24/4/2008 14:42

It's quite disapointing that PSN come out with bad news which drives the whole of the sector lower. PSN are now losing less than OKD in terms of their share price so hopefully there should be more upside potential with OKD.

[tornadodown] 24/4/2008 12:43

That could possibly rake in a good return for investors. I notice on the other thread that everyone is talking doom and gloom however I would say that the current share price reflects this. Any sign of an upturn or with further rate cuts in the future then there could be a significant lift to the price.

[davidosh] 24/4/2008 12:12

Spot on Tanners and thank you for the compliment. OKD will need to sell some land soon IMO and as there are very few big players who need to buy right now it will be very difficult to get a decent price.

Gearing, Gearing , Gearing

[master rsi] 24/4/2008 12:11

From the thread UPS..........

Master RSI - 24 Apr'08 - 11:57 - 167 of 167 edit
Tornadodown

re - OKD

The word is to be " conscious " as the market is negative about - House builders and everything related to money for those matters ( banks are short of cash ) at this moment.

A very important point is the warning from the company for the last 3 month ......
"This is principally as a result of trading during the last 3 months of the year being significantly below the Board's expectations and two anticipated major transactions not completing before the year end."

So the extend of the problem can carry on into the next Quater and the next 6 month, if the market and banks are not lowering the morgate rate for buyers.

The next problem is the high borrowing and if the sells as someone mention during the past months have been almost none, then the problem gets bigger instead or smaller.

An to finish on a positive note, the shares could be undervalued considering Pofits of £5M/5.10M and EPS of 9.80/10p so the Propective PE @ 46p is 4.6 but one must consider than the market is loking forward and next Year the company most likely will not make those £5M, and a House Builder should never have more than a PE of 8 and back to last Year OKD was on a PE of 12.

Good price at the moment looking long term, but only if they managed to get over the problems that they and the Market are.