Redrow Share Discussion Threads

[angus mcoatup] 27/8/2024 12:56

Thanks Lancaster Bomber

[lancasterbomber] 27/8/2024 11:56

Being mergered with Barratt effective today

[angus mcoatup] 27/8/2024 11:39

What's going off with Redrow? I cannot trade on my platform. (Hargreaves Lansdown.)

[robertball] 16/5/2024 17:20

Market, interest rates, economic growth, wage growth...

[coopstock] 16/5/2024 14:35

is this just following the market up? or is there anything specific to the merger?

[robertball] 15/3/2024 08:25

Yes to that

[stevensupertrader] 12/2/2024 11:16

Redrow share price will definitely fall and more to drop to shares conversion date . Prior to BDEV takeover , BDEV share price was pushed up making the offer extremely attractive Ie £2.52 B ( in short MANIPUKATED) . If one looked back before the takeover offer , the trading volumne of BDEV shares was extremely low thus giving BDEV bankers /agents to do their manipulating job well. Sad 😞 😞

[mx5richard] 10/2/2024 12:32

Ok thanks , but what's the 27.2% of £6

[louis brandeis] 10/2/2024 11:04

shaker45

If 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.

[stevensupertrader] 10/2/2024 10:55

Western Capitalism definitely needs reforming . The rich gets richer and the poor gets poorer and the middle class pays the taxes to support the country economy and works till they drop . You can see all this in the around the world . The wealth hide their money in the safe haven . countries Sad sad world

[riskonricky] 10/2/2024 10:33

Rofl. Says person enthusiastically participating in capitalism

[stevensupertrader] 10/2/2024 09:59

Multiply 1259 x1.44 , this will be the amount you get in the new Co.

[mx5richard] 09/2/2024 18:49

I have 1259 shares in redrow , does any one know how many how many I will have in the new company

[stevensupertrader] 08/2/2024 12:28

Such a dirty crooked world - so easy to be manipulated by those who have plenty of dose . No wonder the normal people had to work till they drop . Capitalism needs reforming

[stevensupertrader] 08/2/2024 12:24

Yesterday BDEV pushed up the share price and making the deal offering to Redrow juicy but today till merger or conversion day BDEV will fall - just simple manipulation by the BDEV Board to get Redrow on the cheap

[cool runnings] 08/2/2024 11:12

Remains the same ! The offer is 1.44 BDEV for each RDW. So if BDEV falls, the value of the deal falls as obviously does RDW share price

[stevensupertrader] 08/2/2024 10:56

Can anyone tell me , BDEv share price fallen today and yesterday the merger or takeover of Redrow would be 1 Redrow share for 1.44 BDEV shares at the merger completion date , BDEV valuing Redrow at £2.52B .However , BDEV shares have dropped this morning , same as Redrow shares . if at merger date , BDEV shares dropped to say £4.50 and Redrow shares dropped to £5.50 , would BDEV needs to give more of its shares at conversion date to Redrow or remain at 1.44 shares for every one Redrow share?

[aeonflux] 08/2/2024 10:15

Redrow Cut to Hold at Jefferies; PT 721 pence

[robertball] 07/2/2024 16:34

Unless there is a bidding war... a bit low Vardys

[weemonkey] 07/2/2024 16:19

Is this a done deal? Barratt are picking RDW for practically nothing.

[kreature] 07/2/2024 14:09

Oh yeah I think it was this. Anything changed since 2019?
BBC - Inside Out

[kreature] 07/2/2024 13:57

Anyway, back to the MoneyBox vid. Some people are calling freeholds on newbuilds in general ‘fake freeholds’ apparently

[kreature] 07/2/2024 13:52

Barrett should maybe double check to see if they are buying a fleecehold.? Best they read the small print ?

[craftyale] 07/2/2024 13:42

I sold my entire holdings. GLA. A good day.