Redrow Share Discussion Threads

[wapper] 26/3/2008 07:59

Will be some consolidation before this happens this time round. Just a sniff of a takeover in the sector & all the builders will be back in favour as valuations way too low IMHO.

[scumdog] 12/3/2008 14:35

Redundancies going through at the moment so I've heard.
Lack of new site start-ups.

[bigbertie] 11/3/2008 19:10

sofa spud - I don't remember any - which were they?

[sofa spud] 11/3/2008 16:49

I seem to remember quite a few builders went to the wall, as it were, when the last property crash occurred.

[studhaves] 09/1/2008 15:27

After the last boom you could pick up builders for pennies. I think I'd wait a while personally until then, they might keep making the same percentage, but on 70% less sales thats still a big drop.

[mistertibbs] 09/1/2008 15:01

I know good old Scottish porivate housebuilder Miller was considering buying RDW although I heard news today in the Herald suggest they now have their first loss in 8 years.

[pdh] 28/12/2007 00:25

the housebuilders will continue to make the same %age profit whether in a boom or recession. its their subcontractors that will have their margins screwed. all thoses that own housebuilding shares will gain big dividend returns until the boom starts again.

[berkley3] 20/12/2007 09:44

i know maket sentiment is against builders at the moment but historicaly many have no debt,profits stable,we have lowish interest rates and demand for houses
has to be met.compare their balance sheets with many in the ftse?
must be an explanation for the massive drop in share price any ideas anyone.

[berkley3] 20/12/2007 09:43

i know maket sentiment is against builders at the moment but historicaly many have no debt,profits stable,we have lowish interest rates and demand for houses
has to be met.compare their balance sheets with many in the ftse?
must be an explanation for the massive drop in share price any ideas anyone.

[lightning] 19/12/2007 13:20

Just a nobody!

[berkley3] 19/12/2007 12:56

anybody out there?

[bigbertie] 22/10/2007 22:01

I have had only a cursory look so far - it looks like the results are not bad, but certainly not great. Operating profit and forward sales are both slightly up, and the pension fund is back in surplus. Of course these are results for the 12 months to June - the problems with mortgage costs and falling house prices have barely started.

There are a few worrying things but all small points (so far) - higher debt & interest costs, more houses taken in part exchange and higher work in progress at yearend, a big £118m rise in land (but forward land plots are down slightly) are they increasing their investment at peak prices? Also I must have a look at director remuneration - seems to be going up a lot!

Overall I think they are not in bad shape and the present share price discounts a lot - I can't see it falling much further. The land bank is a fair size, and they cut back on their city flats construction 2 years ago (flats may suffer more in a downturn). We will know more at the agm on 7 November. All this is just my first impressions - I'll read it more carefully tomorrow.

[lightning] 22/10/2007 12:20

Any comments on the 2007 Annual Report and Accounts that are now on Redrow website? The landbank looks good, especially the sites with planning permission. Must make RDW attractive to other builders.

[bigbertie] 19/10/2007 21:33

I bought Beazer when there were rumours of a PSN bid and they turned out to be right. I also bought Westbury on rumours of PSN bid - that was right too. I'm in to RDW now hoping for a hat-trick. Someone has probably spotted a senior PSN director dining with a senior RDW director in a lonely country hotel.....

[2shemshersingh] 19/10/2007 14:18

something could come out in the weekend press.

[bigbobjoylove] 19/10/2007 13:08

500p!!!! they'll be able to offer 250p in next few months but i bet they don't ;-)

[bigbobjoylove] 19/10/2007 12:54

nice tree shake to shift shorters! Not worked though, short added.

[yakin] 19/10/2007 10:56

LONDON (Thomson Financial) - Shares in UK housebuilders were firmer midmorning as buyers were attracted back into the sector following recent weakness and amid vague talk of a 500 pence bid for midcap Redrow. By 10.15 am, shares in Barratt Developments were 35 pence firmer at 692, Taylor Wimpey 7 better at 260, Persimmon 21 higher at 981, Redrow up 26 at 398 and Bellway 60 firmer at 1,098.

Yesterday Barratt Developments and Taylor Wimpey reached a new 3-month relative low against the FTSE 100, according to analysis by Trading Central, amid receding rate cut hopes and fears of a slump in UK house prices. Redrow jumped over 9 pct amid talk of a 500 pence bid with Persimmon mentioned as a possible suitor.

Analysts point out that Redrow has a strong land bank which makes it highly attractive because of the continued lack of supply of new UK homes and historically high demand.

Neither company was available for comment.

[yakin] 19/10/2007 10:25

LONDON (Thomson Financial) - FTSE 100 risers
Barratt Developments 681 up 22-1/2
3-month relative low against FTSE 100 y'day; vague talk of bid for Redrow
Taylor Wimpey 258-1/2 up 5-1/4
3-month relative low against FTSE 100 y'day; vague talk of bid for Redrow
BP 625-1/2 up 9-1/2
Oil record highs
Royal Dutch Shell 2,087 up 18
Oil record highs
BT 312 up 2-3/4
To invest 250 mln stg wind farm project - Guardian

[utsushi] 19/10/2007 09:53

bigbob, i share your view, sell the rallys.

[devonlad] 08/10/2007 12:44

jamesgkenny - 8 Aug'07 - 15:21 - 105 of 110


devonlad
not looking like thats a great move hope it was just small devon potatoes, barratts in for this now methinks


Just small potatoes son and just watching it go down, hope you didn't buy too many lol!!!!!!!

Watch and learn!

[bigbobjoylove] 01/10/2007 08:30

looks like it's clinging to 400p, should be plunge anytime soon as this support level goes and then quick drop down to 325-330p region.

[bigbobjoylove] 26/9/2007 11:27

tiraider - 26 Sep'07 - 11:22 - 1673 of 1674


Barratt hit by 'Northern Rock effect'
By Tom Griggs

Published: September 26 2007 08:46 | Last updated: September 26 2007 08:46

Mark Clare, chief executive of Barratt Developments, on Wednesday said the crisis at Northern Rock had led to a dramatic fall in the housebuilder's sales in the last week.

"We would normally expect an uplift in volumes from the second week in September," said Mr Clare. "But the Northern Rock issues have changed customer sentiment and there has been a 5 to 10 per cent fall in sales since last week."
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