Redrow Share Discussion Threads

[imastu pidgitaswell] 23/11/2021 14:10

Doing very nicely amid the carnage of precious metals stocks - sadly because of that I have 'had' to take monies and profits here and plonk there. Buy low, sell high 'n all that.

Will be back, I suspect.

[aimingupward2] 15/11/2021 13:36

Broker target prices updated following yesterday's AGM statement:-

Barclays 840p Overweight.
Citigroup 815p Buy.
Berenberg 880p Buy
JPMorgan 870 Overweight
Deutsche 809p Buy

[robertball] 14/11/2021 18:05

What's the forward PE on this one compared to sector?

[purplepelmets] 12/11/2021 10:50

Depends upon the moon and light poution. Back to 7 squids here in short order

[imastu pidgitaswell] 12/11/2021 10:46

I've never understood that - it is not darkest just before dawn. The Sun is just over the horizon and it is therefore less dark than earlier in the night.

But we're digressing...

Looking like a decent reception today - all the builders are basically saying things are OK.

[purplepelmets] 12/11/2021 07:35

Darkest hour is just before the dawn. Looks like a decent buy point, the fall looks way overdone

[robertball] 12/11/2021 07:35

Agree. Interest rate rising and cost of living squeeze a drag. This one has shrugged off end of help to buy

[imastu pidgitaswell] 12/11/2021 07:33

It is out of favour, as is the sector - I have got back in the past couple of days for several tranches. Happy to swing back up to 700 and think again, or just hold indefinitely.

Decent statement - 2022 forecast at £2.1 billion at 19% = £400m pre tax, say £320m post tax (or £300m if you use the future tax rate of 25%.) £300m net cash too.

Anyway, market cap of £2.3 bn means an earnings ratio of 7.2. Lower still if you deducted the cash - and used enterprise value, as a third party (private equity?) predator would. Very cheap, and good enough for me.

[robertball] 12/11/2021 07:27

We'll see what happens. Looks good but this one is out of favour at the moment

[robertball] 11/11/2021 12:47

AGM stmt tomorrow

[imastu pidgitaswell] 10/11/2021 16:25

Time to be back in, I think. Happy to add lower if it gets there.

[bountyfull] 09/11/2021 15:25

Good question - what is holding this back? Seems to have drifted far too much.

[coopstock] 04/11/2021 12:14

Ah...thank you AB...

[coopstock] 03/11/2021 13:13

What's holding this back. Looks cheap as chips.

[imastu pidgitaswell] 27/10/2021 13:24

Which judging from the reaction is less than expected.

[robertball] 27/10/2021 13:17

Developers tax of 4%!!!!

[undervaluedassets] 19/10/2021 12:36

Amazing results at BWY..

Redrow are cleaning up where I live in Oxford. They have a huge site.

The news from BWY is most encouraging.

[robertball] 19/10/2021 08:44

£7 today?

[robertball] 19/10/2021 06:25

the last hurrah with BWY results today

[purplepelmets] 18/10/2021 01:22

The party's not over

[robertball] 13/10/2021 07:19

Expect some BDEV read across

[craftyale] 12/10/2021 14:19

Normality is ok with this share. Added to my position yesterday.

[robertball] 12/10/2021 08:37

Oh well...back to normality now rumours have disappeared

[robertball] 24/9/2021 15:17

Daft question. It's Steve Morgan's company

[robertball] 24/9/2021 12:29

Bridgemere?