Redrow Share Discussion Threads

[shaker44] 26/9/2019 04:44

Filtered long since.

[robertball] 26/9/2019 02:07

Buy to let hangover is priced in????

[aimingupward2] 25/9/2019 21:25

Why? There’s a good dividend yield and a very modest P/E ratio.

[robertball] 25/9/2019 19:08

Ha...pinch of salt taken

[aimingupward2] 25/9/2019 10:38

Deutsch Bank target price 704p.

[robertball] 19/9/2019 08:32

Wooo..up 3.5p

[purplepelmets] 19/9/2019 08:15

x div today 20.5p/share

[robertball] 17/9/2019 20:10

Help to buy lives...

[robertball] 14/9/2019 09:11

Absolutely...i have many faults...

[purplepelmets] 13/9/2019 20:45

"Underperforms in the short term" is probably the worst call made on ADVFN ever! Robert, just slink away quietly you are totally clueless

[gorse] 13/9/2019 19:44

No, but I was hellish overweight in UK housebuilders.

[robertball] 13/9/2019 18:36

Indeed. All following the HSBC note on Monday....which I assume you have read....

[gorse] 13/9/2019 16:33

Up over 15% in short order and only one comment so far this week. Here's mine - it's been a damn good week for those who are overweight in UK housebuilders.

[robertball] 11/9/2019 08:44

Underperforms in the short term

[aimingupward2] 05/9/2019 16:14

The results seem to have been well received with the share price up about 25p. "Strong cash generation" is always good to see and no doubt the increased dividend, on top of the earlier special distribution, is welcomed all round.

Brokers looking to a share price of around £7, so plenty to go for. Edit : HSBC on 770p

Edit: Redrow has sold 341 appartments in Colindale, NW London, to Canadian rental flats investor, Realstar, for £119m. Big boost to cash flow.

[dr_smith] 05/9/2019 10:44

Thank-you for posting FarnesBarnes.

Re BDEV I had to look up MMC yesterday, thought it was Manchester Modelling Club. ;-)

Given change in motor industry with automation/robotics, I am surprised we haven't seen more hi-tec pre-fabs.
I can only guess it is high set-up cost and houses don't sell in same volumes as cars, so longer pay back period. For RDW, not as big as peers, the investment and longer pay back would be a bigger hit, so perhaps explains it.

[farnesbarnes] 05/9/2019 09:30

Redrow investing in on site rather than offsite.

All I can say is good luck. When the likes of Designtalo and Kannustalo (both Finnish) can top out a home in 7 working days, with this kind of technology coming to the UK, Redrow are going to get left behind.

And don't even spout "premium" house builder until you've been in a Kannustalo house.

[undervaluedassets] 05/9/2019 07:52

the revenue is a beat isnt it?

We will see.

[eggbaconandbubble] 05/9/2019 07:11

They got the Revenue bit right. PBT £406 - maybe be a bit of 'massaging' there!!!

Not too shabby at all on the whole!

[aimingupward2] 01/9/2019 15:16

The Sunday Times says analysts are expecting ppt of around £392m on sales of £2.1bn and that the chairman, John Tutte, was ‘surprised that the new homes market is holding up so well’.

[dr_smith] 31/8/2019 11:42

Just spotted - Final results on thurs 5 sep.
Not showing on LSE diary, but picked it up from Youinvest video.
Sandwiched between Bdev finals on Wed and BKG ta on Fri, providing context, though likely overshadowed by other stuff I believe is going on. ;-)
Dave

[dr_smith] 21/8/2019 08:58

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

[dmdmdmdm1] 20/8/2019 21:01

After seeing the 40% hike in Greene King this week after a big from a US buyer, I wondered what people thought of the chance this might happen with Redrow.This article (sorry for source) suggests that AJ Bell thinks this could be a potential target:https://www.thisismoney.co.uk/money/markets/article-7316085/Predators-circle-UK-firms-pound-plummets-amid-fears-no-deal-Brexit.html

[undervaluedassets] 05/6/2019 09:58

just noise .. nice price currently

[dmdmdmdm1] 03/5/2019 14:54

Any particular reason for this to keep falling this week?