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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Redrow Plc | RDW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 9.00 | 1.42% | 644.50 | 16:29:41 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 631.00 | 631.00 | 649.50 | 644.50 | 635.50 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Top Posts |
|---|
Posted at 10/2/2024 11:04 by louis brandeis shaker45If you are patient I think it is worth holding on until the event takes place. I don't see the CMA cancelling the acquisition; there have been plenty of other far more obvious takeover cancellation candidates over recent years that the CMA have barked at but not bitten: Cobham, Ultra Electronics and, most recently, Activision to name a few. If anything does happen I guess it will ask BDEV to sell pockets of land earmarked for areas where both David Wilson and Redrow both operate, who knows? But going as far as stopping it, no, not in my opinion anyway. Redrow shareholders will vote this through because Steve Morgan has already indicated he is for it and the remaining shareholders at the vote will most likely be event arbitrage investors. Look at the smorgasbord of RNS listings since the news! ;) If you hold you are looking at a circa 10% further return from the current share price which, when annualised, is rather attractive. Of course you will have to weather the residential property equity market for the best part of a year but I don't see much downside with GE giveaways in support of property - perhaps - and interest rates most likely reducing a little further. One other bonus is you are selling your Redrow stock at 1.1 x NAV for BDEV at 0.8 x NAV. (ATM) If anything there is an argument to be increasing your Redrow holding - taking opportunity of the dips - in the period whilst being vigilant of the BDEV price and the equity market in general. Louis Edit [12/02/24] Return on Redrow now looking at 3% before being annualised. Seems to be priced to succeed. |
Posted at 14/9/2022 12:24 by imastu pidgitaswell It was - but nobody interested. They would rather discuss the generics of the housing market and use it as a proxy for stock-specific detail.Good presentation: Less than 5 times earnings, £300m net cash (and that is after a c£100m working capital/land purchase timing difference) and a £100M share buyback just started with more to follow. Dividend up to 6.5% (which is only 33% or earnings), EPS up etc etc. Market cap more than the net tangible assets value. And they have just upped the guidance. Market cap of £1.8bn - the £100m buyback fund (for the year) is pretty significant within that context; with 2024 guidance increased today, that indicates some £300m between between now and then earmarked for buybacks, which is 17% of the market cap. Mmmm. |
Posted at 17/9/2021 14:00 by welsheagle Positive article in 'Investors Chronicle' this week |
Posted at 16/9/2020 21:13 by cl0ckw0rk0range Anyone reading Sikh across their other posts will see their agenda and why they are trying to disuade any investors in the sector they are short of. |
Posted at 05/4/2020 15:30 by sikhthetech waikenchan,"Agree that TW has lots of cash as as it stands has a good liquidity buffer in relations to its costs and it is a very profitable company." It's not just whether any HB currently have a lot of cash atm. How much will the leasehold scandal redress cost them? They will still need provision for that regardless of Covid-19. New builds command a higher price and so have further to fall than price drops for other properties... London house prices are likely to fall substantially, as I think foreign investors are likely to withdraw from the market there. Property prices already started to fall in Dubai and India, before Covid-19, so I think international investors will be very wary... Then there's domestic btl investors. There was an increasing number already selling due to tougher tax rules, again pre-Covid-19. Therefore, I think avg property prices will fall substantially over the next couple of years.. |
Posted at 05/4/2020 14:34 by skyship t.l.a.t.s.a.t.t.:Thnx for the above - being an IC subscriber I have now read that article; and reasonably encouraged for my selection to buy BKG & VTY. Below is the IC View summary: By the way, I'm about to send you a Private Message inc. the previous IC Tip for VTY. IC View Economists at Oxford Economics are forecasting a 1.4 per cent contraction in UK gross domestic product this year, although given the question mark that hangs over how long the coronavirus epidemic will last and its eventual impact on companies, any modelling should be taken with a large pinch of salt. For investors in UK housebuilders, attention should focus for now on financial resilience - debt levels versus assets and the level of cash reserves. On that front, balance sheets across the sector are in a healthier position than they were prior to the 2008 financial crisis, with lower levels of gearing even after including land creditors. We would highlight recent buy tip Vistry, which has been reducing its landbank and streamlining its operations over the past two years, as a potentially resilient operator within the sector. This article was updated on 31/03/2020 |
Posted at 05/4/2020 13:55 by skyship Waikenchan - you say elsewhere: Which one would you pick and why? Tw, bdev, rdw, psn, bkg?Firstly, I won’t post again on the TW. thread as it seems to have fallen victim to the braindead; so will converse elsewhere. Well, as we've seen, brokers Jeffries are bullish for the housebuilder sector at these distress levels; and there was an interesting piece in The Telegraph. Talk of a strong recovery for housebuilders. BEST BUY stated as Berkeley Group (BKG): This got me looking at the usual comparisons between all the players; but of course other than cash levels – all data is historic….and now far more so than usual! So, what directed me at the end of the week was the Investors Chronicle Tip of the Week article of 20th March. Vistry (VTY) seems to tick the boxes; even though it was the sector’s worst performer on Friday. So now doubly cheap. Could be any number of reasons for Friday’s poor performance, but likely just the victim of one fund manager dressing his book having been overweight the sector for the usual early year upward move. I’ve decided to straddle the sector with two plays: # One of the smallest fallers - BKG # One of the largest fallers – VTY Both tick the box for a high cash balance. |
Posted at 21/8/2019 08:58 by dr_smith Thank-you for posting Dmd.I hadn't seen them saying that in shares magazine or other comms I have as account holder with them. I think investment based purely on hopes of a takeover and premium would be one full of anguish. For myself, as current holders of builders, the Forward EPS and div's are at a whacking high percentage, mainly as a consequnce of share price being below what would otherwise being considered the norm, due to Brexit and other geo-politics tarnishing the whole FTSE. It would be a shame to lose UK co's to o'seas investors but and financial side I would fear any takeover, even with premium on todays share price would not compensate for locked in value that shareholders hope will be realised once these clouds go away. I've frequently seen articles on low share price and low pound creating aquisition targets, but not much in follow through, but talks tend to go on un-anounced behind closed doors, so don't know if predatory talks are media hype or reality. IMO Dave |
Posted at 17/4/2019 18:35 by willie99 I got mine today in interactive investor. |
Posted at 06/2/2019 11:11 by sharw I think it depends on how it is set up - possibly whether redemption is compulsory or not. In the case of RR. redemption is not compulsory and the website clearly states it is a capital gain for tax purposes: |
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