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RDW Redrow Plc

779.00
0.00 (0.00%)
03 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Redrow Plc LSE:RDW London Ordinary Share GB00BG11K365 ORD 10.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 779.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 779.00 GBX

Redrow (RDW) Latest News

Redrow (RDW) Discussions and Chat

Redrow Forums and Chat

Date Time Title Posts
27/8/202412:56The Redrow Thread1,355
16/7/202207:58*** Redrow ***7
15/4/201911:24Redrow - could be argued it's only worth 200p at present6
06/9/201811:41 U.K HOME BUILDERS: Buy on the dips!14
05/5/200816:47Barratt bid rumours surface150

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Redrow (RDW) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Redrow (RDW) Top Chat Posts

Top Posts
Posted at 10/2/2024 11:04 by louis brandeis
shaker45

If you are patient I think it is worth holding on until the event takes place.

I don't see the CMA cancelling the acquisition; there have been plenty of other far more obvious takeover cancellation candidates over recent years that the CMA have barked at but not bitten: Cobham, Ultra Electronics and, most recently, Activision to name a few. If anything does happen I guess it will ask BDEV to sell pockets of land earmarked for areas where both David Wilson and Redrow both operate, who knows? But going as far as stopping it, no, not in my opinion anyway.

Redrow shareholders will vote this through because Steve Morgan has already indicated he is for it and the remaining shareholders at the vote will most likely be event arbitrage investors. Look at the smorgasbord of RNS listings since the news! ;)

If you hold you are looking at a circa 10% further return from the current share price which, when annualised, is rather attractive. Of course you will have to weather the residential property equity market for the best part of a year but I don't see much downside with GE giveaways in support of property - perhaps - and interest rates most likely reducing a little further.

One other bonus is you are selling your Redrow stock at 1.1 x NAV for BDEV at 0.8 x NAV. (ATM)

If anything there is an argument to be increasing your Redrow holding - taking opportunity of the dips - in the period whilst being vigilant of the BDEV price and the equity market in general.

Louis


Edit [12/02/24]

Return on Redrow now looking at 3% before being annualised. Seems to be priced to succeed.
Posted at 08/2/2024 11:12 by cool runnings
Remains the same ! The offer is 1.44 BDEV for each RDW. So if BDEV falls, the value of the deal falls as obviously does RDW share price
Posted at 08/2/2024 10:56 by stevensupertrader
Can anyone tell me , BDEv share price fallen today and yesterday the merger or takeover of Redrow would be 1 Redrow share for 1.44 BDEV shares at the merger completion date , BDEV valuing Redrow at £2.52B .However , BDEV shares have dropped this morning , same as Redrow shares . if at merger date , BDEV shares dropped to say £4.50 and Redrow shares dropped to £5.50 , would BDEV needs to give more of its shares at conversion date to Redrow or remain at 1.44 shares for every one Redrow share?
Posted at 07/2/2024 16:19 by weemonkey
Is this a done deal? Barratt are picking RDW for practically nothing.
Posted at 07/2/2024 10:50 by mx5richard
What's the agreed price per share ?
Posted at 15/12/2023 11:18 by craftyale
6 didn't. Interest rates didn't go up. RDW share price has gone up and will continue to do so. Focus on price not opinion.
Posted at 14/12/2023 08:04 by craftyale
Great news from the Fed. Interest rates to fall in '24. Go RDW.
Posted at 28/10/2023 07:24 by kreature
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
Posted at 28/10/2023 01:56 by kreature
Some reductions in price chasing the market down?
Posted at 15/8/2023 13:59 by kreature
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 ?
Redrow share price data is direct from the London Stock Exchange

Redrow Frequently Asked Questions (FAQ)