Redrow Share Discussion Threads

[robertball] 06/12/2023 17:55

FT website shows it

[netcurtains] 06/12/2023 07:43

forward PEs are always guesswork.....
But some sites, I have heard give forward PEs

Do you know any?

Most places calculate PE against current profits...

However last quarter they made £197m pretax income.
In the previous matching quarter they made £43m so its
possible the forward PE is even lower than the current.

Not sure what figures are in the current PE... But either way
the PE is very low

[robertball] 05/12/2023 22:34

What's the forward PE?

[netcurtains] 05/12/2023 15:21

Relative to the other house builders this one is still relatively overlooked - possibly because its FTSE250 and not FTSE100...

Barrett PE 9.89

Redrow PE 5.82


That is quite a difference....

[craftyale] 28/11/2023 08:05

Year highs

[craftyale] 15/11/2023 08:33

Another good day. Div arrives tomorrow. ;))

[kreature] 14/11/2023 19:16

Yes, a few more gerbils hooked in. Well done all

[craftyale] 14/11/2023 15:36

Great day today

[kreature] 28/10/2023 08:24

The 4 bed that has been reduced by 30k is still around 30k more than the other developer’s slightly bigger 4 bed house on same site. Hence RDW are chasing the market down imo

[kreature] 28/10/2023 02:56

Some reductions in price chasing the market down?

[craftyale] 21/9/2023 12:59

Interest rates held.

[craftyale] 20/9/2023 08:05

Ex div tomorrow. It's been a great year. HBs moving up well

[craftyale] 13/9/2023 16:42

That was a good day.

[craftyale] 13/9/2023 08:18

Riding the waves as a long term holder. Building my position slowly and reinvesting my div on Nov 16.

[t-trader] 13/9/2023 07:37

Not bad results considering and a 20p final divi

[purplepelmets] 13/9/2023 07:35

Well done the BOD, this could have been so much worse. Onwards and upwards from here surely

[kreature] 15/8/2023 15:09

Wimpey new build are also redicing prices on some houses, as are Persimmon…R30;..all unheard of 4 months ago right?

[kreature] 15/8/2023 14:59

Time to short this imo. House prices are obscene, possibly partly thanks to the price of materials and possibly because banks previously enabled people to access the money to drown in debt. …..no longer affordable on 6% rates though imv.

What happens to the share price here if/when house prices fall below the net profit margin ?

[kreature] 14/8/2023 03:34

Also, rather than reduce the price of the new house on rightmove, Redrow have removed it altogether, then relsisted it at the lower price, thus hiding the reduction. Imo.

[kreature] 14/8/2023 03:32

We don’t reduce our prices, we only offer incentives eh?
Yet new Redrow houses that haven’t been finished are now being reduced in price.
With net margins at 9% ish and house prices falling, is this shortable?

[craftyale] 19/7/2023 17:37

A great day for RDW. Happily adding as the crowd is fearful.

[sikhthetech] 19/7/2023 17:35

Redrow restructuring to manage overheads in a weakening market.

HBs restructuring. Expect dividends to be cut.


Redrow to shut two divisions as it launches restructure

"Listed housebuilder Redrow is to shut two of its 14 regional divisions as part of a restructure launched to “manage overhead” as it prepares to reduce output in the weakening market.

The £2.14bn turnover firm is to shut its Southern and Thames Valley divisions, based in Crawley and Oxford respectively, but said it will continue to serve these areas from neighbouring divisions."

"The move comes amid deepening gloom in the industry over the state of the housebuilding sector, given recent rises in average mortgage rates to a 15-year high, and continued paralysis in local authority planning."