Redrow Share Discussion Threads

[gp1948] 11/11/2015 08:12

A pleasure Bazzer. Yes, I think RDW does look good value. Hopefully the market will correct itself over the coming months.

[bazzer1000] 11/11/2015 06:30

Thanks gp. The 4-traders site looks very good. Some nice graphs of broker eps forecasts for RDW trending upwards. Looks good value compared to other builders at these prices. Up from here I think. Good luck all.

[gp1948] 10/11/2015 22:49

Bazzer - I got those figures from the link below. You might need to join the website to access the data, but it's free.

www.4-traders.com/REDROW-PLC-9590147/financials/

[bazzer1000] 10/11/2015 19:00

Using which source gp? I've only got the DL forecasts.Cheers.

[gp1948] 10/11/2015 10:46

A very positive trading statement from RDW today. I note that EPS forecasts for RDW have been tweaked upwards by a few per cent.
For the current year EPS is forecast to be 53.2p giving a P/E of 8.7 at today's share price of 443p.
For 2017 those figures are EPS=60.7, P/E = 7.3
and for 2018, EPS is forecast as 69.9p, resulting in a P/E of 6.3.
Is this great value, or what?

[mike24] 05/11/2015 10:27

recovery this am
annoying when you quote and deal and your given
prices a couple of pence outside bid or offer
consider cancel and re-quote
edit
6/11 13.57pm prime London props sales fall 14% in third qtr
seems to account for spike down this pm
week-end press
buyers camp overnight to snap up 215 flats in three hrs (Galliard) Hounslow
Unreliable Carney is sending mixed signals
Housing market meltdown after stamp duty reforms
how can you trust the press, from their full page ads plugging
comm, property bonds, late 2006, right at top of cycle

ramping to create short positions???
sp looks good value around 4quid

edit tell me the last trade through (buy) yesterday 94k didn't know
any sales figs, as posted a couple of months ago sales figs for all
builders will be good this yr,
remember those who bought btl's in 07 saw up to a 30% decline peak to trough,
y-on-y how much do you need to make, to counter/hedge currency depreciation
of QE, 15%?
dyor

[kocinski7] 04/11/2015 08:25

FTSE slips as Barratt leads housebuilders lower and Standard Chartered dropshttp://gu.com/p/4dpcy?CMP=Share_AndroidApp_Copy_to_clipboard

[loftgroovv] 03/11/2015 16:54

The share price suddenly drops 6.5% on no news? WTF?

Better bounce of that support level.

[gp1948] 03/11/2015 13:36

In bargain territory. Bought at 443.

[cockneyrebel] 03/11/2015 13:24

A fwd PE of circa 8 here - looking cheap now imo.

CR

[martinthebrave] 03/11/2015 11:55

Just topped up ahead of the AGM statement next week. 450p seems just too good to pass up on. Too much pressure on housing numbers for this sector to slip in the next couple of years imo.

[mike24] 03/11/2015 11:14

house prices will fall off nxt yr
rate rise
mortgage restrictions
affordability
decline in capitol flight to uk
high labour cost
shortage of skilled labour
high land costs
drawn out planning applications
btl's selling up
market is well and truly cooked!
that said, they made a good move to cash in on London market
new flats overlooking forth bridge Edinburgh fetched just 125k

location and playing the cycle, the future is a 60mile radius outside
the m25 buying land near rail stations, Berkeley boss has bought up half
of Leicestershire
nai

[cockneyrebel] 02/11/2015 08:20

*JPMORGAN RAISES REDROW PRICE TARGET TO 515 (450) PENCE - 'NEUTRAL'

[cockneyrebel] 30/10/2015 13:25

AGM and trading update due Nov 10th

All imo

CR

[loftgroovv] 27/10/2015 12:58

I've added here again. Still seems undervalued by my calcs.

[martinthebrave] 09/10/2015 18:01

[...]

Deutsche Bank, however, has lifted its price target for Redrow (LON:RDW) from 437p to 481p, despite the house builder’s earnings before interest and tax (EBIT) being 3.5% below the German bank’s estimates.

Deutsche lowered its earnings estimates for the current year, based on lower projected completions and flat margins, but forecasts for next year and the year after are shifted 4-12% higher to reflect the new revenue target of the group.

“Redrow continues to target strong growth, driven by increasing active outlets; however, with the strong benefit of London in its pricing tailing off from 2017 we would argue there are alternative growth stories in the sector which offer more sustainable pricing mix as well as either greater stock market liquidity and/or higher dividend yield,” said analysts Glynis Johnson and Priyal Mulji, as they reiterated their ‘hold’ recommendation.

Interims were 10th November last year.

[jitters3] 23/9/2015 17:11

Finish on highs of the day as well always a good sign

[daz] 23/9/2015 17:10

I think you're right Jitters, 450 looks like the support level. I'm annoyed I missed it this morning.

[jitters3] 23/9/2015 15:26

Chart seems to be turning now or am i a little early on technicals

[daveas] 15/9/2015 19:55

Barclays ups redrow target to 568.still well below where they will be if they achieve their target revenue of £1.6 b in 2017 compared to £1b this year.In the south west they are doubling this years construction of houses .Originally they were targetting £1.3 b worth of sales in 2017.Some people are saying builders are overvalued,not Redrow this company is going from strength to strength.

[cockneyrebel] 10/9/2015 12:37

Breaking the all time highs today

CR

[squibno1] 18/8/2015 10:23

triktrak - not the view in today's Telegraph

[scottishfield] 14/8/2015 09:03

steady progress here.

[triktrak] 20/7/2015 15:08

Interesting report from Hardman earlier this month describing the housebuilding sector as being as "cheap as chips".

[gp1948] 08/7/2015 15:09

I topsliced on RDW this morning but looking to buy back if the share price falls much further.