Redrow Share Discussion Threads

[crosswire] 21/12/2008 07:27

OFF TOPIC:

CHECK OUT TW. Taylor Wimpey





From The Sunday Times

December 21, 2008

Taylor Wimpey wins reprieve from lenders

Jenny Davey

BRITAIN's biggest housebuilder will strike a compromise deal with banks this week to buy it breathing space to renegotiate its £1.9 billion debt mountain.

The shares closed up 10.9% on Friday at 12Çp, valuing the company at £134.6m.

[dividend3] 17/12/2008 13:08

More on the progress at Taylor Wimpey, should be good for the sector.

Taylor Wimpey leak reveals refinancing deal near
17 December, 2008
By Tom Bill

[notanewmember] 16/12/2008 22:18

They are taking down the redrow signs on our local redrow building site thats currently mothballed. Wonder if they are selling it on.

Converging support and resistant lines on this flag at the moment, will we break up or down?

[p-m] 06/12/2008 00:20

or 500p ;-)

[notanewmember] 05/12/2008 23:52

This one going to 50p.

[wapper] 11/11/2008 12:03

In list of Top 5 most shorted stocks...Over one third of shares out on loan.

[marknicho] 28/10/2008 14:25

Can't believe there's no comment here on the large share transaction on the 10th October.

[kibes] 25/9/2008 15:42

Price was marked up to kill shorters at 240p and force them to close. And now it is still coming down, currently 186p to eventually find its true level at sub 10p (after many more false dawns of course). Who thinks the housing market is going to recover in the next year?

[dataline] 18/9/2008 16:12

Lots of manipulation of house builders shares.
House price crash much worse than the lows in July but house builders are up
200 - 300% on lots of small buys. Big falls to come when funds start dumping

[kibes] 18/9/2008 15:13

And down it comes, another bunch of suckers have been relieved of their money. However at least Lehman brothers will no longer be able to play the game (their traders are reported as doing 13% of all trades carried out on the LSE - no prizes for guessing who benefited from that). Did that massive level of involvement bring any benefit for the ordinary investor in the UK? In my opinion no.

[kibes] 17/9/2008 19:46

What a lot of absolute nonsense the spike up today was. People buying at 240p were raped in my opinion. Who believes stock prices are not manipulated by the big players? The FTSE down below 5000 and Redrow is up???? Come off it. Its a crash in the making.

[mike24] 16/9/2008 10:01

96p straight to 210 who you kiddin,

[rolvenden] 26/8/2008 09:16

I am out at 1.55p . happy to be a solvent spectator. sold 25k but NOT showing on advfn WHY?????

[crosswire] 23/8/2008 09:06

Taylor Wimpey strikes rescue deal with banks

22 August, 2008

By Tom Bill

Recent improvement in share price has enabled housebuilder to relax its lending covenants without need for new cash

Taylor Wimpey is due to announce a relaxation of its lending covenants without the need for fresh equity, according to sources close to the talks between the housebuilder and its lenders.

It is understood the company has struck the refinancing deal due to the recent improvement in housebuilders' share prices and the fact Barratt recently clinched a similar agreement. It is expected to outline the deal at its results for the six months to 30 June 2008 next week.

The company has £1.7bn of debt and was expected to breach loan to value covenants in February. Last month it failed to raise £500m via a share placement after one investor backed out on the eve of the deal.

A source close to the talks said: "It looks like they have conjured something quite good and resolved their issues. The most likely outcome now is an all-debt solution among the lenders."

Last month it appointed Rothschild to secure a similar deal to the agreement reached between Barratt and its lenders in July. The deal, revealed by Building, saw covenants relaxed without the need for fresh cash.

The source added: "Interest cover covenants will be turned into cashflow covenants in similar fashion to Barratt. The fact Persimmon called the bottom of the market on Thursday was also significant."

Taylor Wimpey was unavailable for comment.

The group had reportedly been in discussions with four private equity groups about taking a 30% stake in the company, an option which has now been put on hold according to sources close to the talks.

A source close to one of the interested private equity groups said: "The message coming out of Taylor Wimpey in recent days is that it's quite comfortable without the need for private equity cash."

[razzzzzer] 08/8/2008 15:24

wow I am good,dam good.

[razzzzzer] 08/8/2008 15:08

breaking out!!!!!

[razzzzzer] 07/8/2008 07:09

The chart is showing a inverted head and shoulders which means bullish upside.

[lyntwyn] 06/8/2008 16:55

or down to 40-50p !! struggling to shift phase 1 of new development around here- remaining phases shelved

[razzzzzer] 06/8/2008 14:26

could go up another 40-50p.

[zipper] 05/8/2008 17:48

wow up 18.5% today - fantastic!

[like2share] 24/7/2008 08:35

will this catch up bdev & tw. this morning

[rolvenden] 23/7/2008 08:26

Ignore the gloom and doom (seen daily on tv and in press) at your peril and lose. There will always be better times ahead, but this will take a while .I have been in this business many years now and its always been cyclical.

[p@] 22/7/2008 20:26

bob-i picked these as they seemed relatively better funded but had a steeper fall than BVS another better funded builder.

[bobsidian] 22/7/2008 17:04

QAZWSX123

As all the housebuilders came clattering to a bottom, it seemed that you were the sole poster on this board. Doubtless, most were drawn to BDEV and TW. Equally, you seem to have gone very quiet of late. Have you made your money and moved on ?

What has caught my eye with this share is the speed of its movement. It has not always been easy to get a firm online quote. Even today as housebuilders took a rest and sold off, this share quickly found the buying interest to bounce back relatively sharply.

Does RDW have any particular issues such as dividend under review or the necessity for funding ?