Redrow Share Discussion Threads

[goliard] 10/5/2004 13:29

Still dropping, still waiting. 342p

[goliard] 07/5/2004 17:28

Rate rise as expected at 25bb.

[goliard] 20/4/2004 10:07

Definite rate rise in May, but that should already be factored in. However, if the BOE go for 50 points it should affect Redrows price.

[cordwainer] 20/4/2004 09:18

.. is it because they build Rows of Red houses ?

[cordwainer] 20/4/2004 05:43

Having said that, strong stats from latest RICS survey just released around midnight ....

"LONDON (AFX) - House prices in the UK in March grew at their fastest pace
since October 2002, according to the latest monthly survey from the Royal
Institution of Chartered Surveyors.
RICS found that 45 pct more surveyors reported a risein prices in March
than a fall, up from 39 pct in February.
Strong demand and low supply has been supported by improvements in the wider
economic climate, with unemployment in January at its lowest level for 30 years,
RICS said.
Price inflation remains particularly strong in northern England and Wales
but is accelerating across the whole country, it added.
Even the south east, which includes London, saw house prices rise up to
levels not seen since the latter half of 2002.
"Two rate rises by the Bank of England in the last six months have done
little to dampen appetite for bricks and mortar which is increasingly perceived
as the best investment," RICS added.
The BoE's rate-setting monetary policy committee is tippedto raise
borrowing costs another 0.25 points to 4.25 pct when it meets early in May over
mounting concerns that UK house price inflation is unsustainable.
Some market commentators are even suggesting that the MPC consider hiking by
0.50 pointsto help bring house price inflation under control.
pp/wf"

[cordwainer] 19/4/2004 22:59

It would have to break through the chart's 6-month trend line at current levels (365ish) in order to reach 350p .. however these housebuilding stocks are generally a higher risk play these days IMHO.

[goliard] 19/4/2004 09:55

Has ticked down quite considerably since I sold so I might look to get back in again around 350p.

[goliard] 19/3/2004 13:36

I bought 10 000 of these in January and I'm quite happy to take profits now. I still think there's value left but as of today i'm not a holder anymore. 20% rise so far this year... but now i've sold it should be at 450p in no time!!

[cordwainer] 18/3/2004 18:50

well i certainly killed THIS conversation over a month ago with another pointless comment ! :-)

I see the Budget hasn't done any harm, IC reckoned 'fairly priced' at 375p leaving "little room for outperformance in the near term". Their article seems quite a lesson in how to say absolutely nothing in about 200 words. Nevertheless the price just reached another all-time high today.

[cordwainer] 15/2/2004 19:33

goliard, yes looks a lot like a breakout with approx 350p support.

[goliard] 12/2/2004 09:10

Strong start today. Things looking good and a possible breakout on the way?

[bigbertie] 11/2/2004 17:50

positive agm statement from Countryside Properties today - it all helps.

[mike24] 11/2/2004 00:55

recent release in the north, that many waiting to buy, sales girl
had to fight her way to the office, being accused of trying to jump the queue,
crazy

12/2
361p looking a bit toppy, would'nt want to buy in at this level

[bigbertie] 09/2/2004 21:06

Report of house prices rising fast in Wales & the North - should be good for Redrow.

[experttechie] 08/1/2004 19:09

was that up today?

[fisher103] 07/1/2004 17:17

the only way is up baby

[goliard] 07/1/2004 16:25

Good bounce today though. No obvious reason why.

[experttechie] 06/1/2004 22:56

worried about interest rates = price fall

[goliard] 05/1/2004 11:32

Tipped by both Sunday Times and Sunday Observer as one of the shares to watch for 2004. Strong buying this morning and I'm long on it.

[bigbertie] 24/11/2003 20:18

Ah - that must have been the source. If it's true it could be very significant, as there is still huge pressure to consolidate in the industry. When Bryant and Beazer tried to merge Taylor Woodrow and Persimmon stepped in and bought them. So the big boys are very likely working their calculators to see if it's worth snapping up Redrow or Bovis before it's too late. I hope so anyway.

[randyofstr] 24/11/2003 10:30

i've just seen this:

[bigbertie] 23/11/2003 20:26

There was some talk a few months ago of a possible merger between Redrow & Bovis. I can't remember where I saw it - must have been in the press (or perhaps the IC). There is some logic as they are strong in different areas of the country. I have never seen any comment from the companies on this. What have you heard?

[randyofstr] 21/11/2003 16:58

has anyone heard about the merger between redrow and bovis?

[bigbertie] 21/10/2003 16:49

mike24 - yes price ripples still spreading. I'm nearly at the Scottish border, and houses in the country are rising fast! I'm sure house prices will drop at some point (and builders' profits) but with such low ratings at present, and such a low level of new build in the last few years I don't expect the impact on share prices to be too big or long-lasting.
As for RDW someone is selling a lot at the moment. I still hope for a bid, but it is possible that bidders will wait till they get their results for 2003 out (Wimpey will want to get that 79% gearing down) and until their own share prices firm up a bit.
Strangely my daughter wants to buy too (Southampton area) but is holding off because of high prices. There is plenty of demand around at the right price!

[bigbertie] 17/10/2003 21:09

mike24, hi - you ask what I think about lack of recent unusual trades - to be honest I'm not sure. The share price jumped 23% in 6 weeks in July /August, so someone must have been buying on expectation of good results and/or hopes of a bid. At 330p now the forward p/e is 6.2 which looks pretty low (but then all builders are low at present). I think the expectation of interest rate rises and house price falls will hold the shares back for a bit but a bid is possible and I guess would have to be about 450p if other recent bids are a guide. I'm holding and hoping......good luck.

By the way a line of your post seemed to be missing....what was the point about the Berkeley properties in Oxford?