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
  1.80 0.37% 491.60 333,701 16:35:27
Bid Price Offer Price High Price Low Price Open Price
488.60 489.20 495.20 479.00 482.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 1,939.00 314.00 73.70 6.7 1,818
Last Trade Time Trade Type Trade Size Trade Price Currency
17:46:30 O 12 493.283 GBX

Redrow (RDW) Latest News (1)

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Date Time Title Posts
06/6/202209:22*** Redrow ***4
25/3/202221:16The Redrow Thread1,231
15/4/201912:24Redrow - could be argued it's only worth 200p at present6
06/9/201812:41 U.K HOME BUILDERS: Buy on the dips!14
05/5/200817:47Barratt bid rumours surface150

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Redrow (RDW) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-07-01 16:16:52491.632191,076.66O
2022-07-01 15:56:05491.593401,671.41O
2022-07-01 15:56:05491.593391,666.50O
2022-07-01 15:45:11488.60839.09O
2022-07-01 15:45:11488.60839.09O
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Redrow (RDW) Top Chat Posts

Redrow Daily Update: Redrow Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker RDW. The last closing price for Redrow was 489.80p.
Redrow Plc has a 4 week average price of 470.60p and a 12 week average price of 470.60p.
The 1 year high share price is 743.60p while the 1 year low share price is currently 470.60p.
There are currently 369,799,938 shares in issue and the average daily traded volume is 511,661 shares. The market capitalisation of Redrow Plc is £1,817,936,495.21.
buywell3: Housebuilders nearly all dropping today as many other sectors rise IMO fight this at your peril Rising rates are coming --- again and again and again The market is starting to price this in but imo are playing catchup with inflation heading to 8% plus and still rising hTtps://
sikhthetech: Avg house prices. Rightmove £341,019 - Jan 2022 Halifax £276,759 - Jan 2022. TW £332k - for end 2021. Average selling prices on private completions increased by 3% to GBP332k (2020: GBP323k), with the overall average selling price increasing to GBP300k (2020: GBP288k). PSM £330,000 - for end 2021. RDW £417,000 - for end 2021. When house prices crash, the asking price sees the biggest falls, as buyers ask for bigger discounts. New Builds normally command a significant premium(can be 25-30%) over similar existing builds. That premium difference would reduce when house prices fall, so they too should see a bigger fall than the avg existing build. House prices do not fall at the same rate across the country. When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements. Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again. Around 30k homeowners in severe mortgage debt. Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.
sikhthetech: Regardless of results, no HB is immune to housing market/prices and, if listed, stockmarket movements, up or down. Look at the HBs and compare the graphs - they all move broadly in synch, up or down, regardless of results, divis etc.. Govn support during the pandemic helped housing market... That govn support has ended. UK house prices reach new record but cost of living crisis threatens growth. Bank of England’s interest rate rise and soaring household costs will hit affordability, says Halifax "However, house price growth slowed to just 0.3% in January, the smallest monthly increase since June last year, in a sign that the pandemic-fuelled boom could be fading. “While the limited supply of new housing stock to the market will continue to provide some support to house prices, it remains likely that the rate of house price growth will slow considerably over the next year,” said Russell Galley, a managing director at Halifax.
craftyale: Thanks for posting that. The main TW. thread has descended into a boys club of ego and opinion. All a bit sad for an anonymous BB. I purchased a little more of RDW today, happy about the figures and looming dividend.
sikhthetech: Results are the past. Markets look to the future. All HBs are suffering from the same. I think affordability is a big concern... Mortgage repossessions were legally stopped during the pandemic but court cases have restarted... there were around 30k homeowners in severe mortgage debt. Any interest rate rise on top of tax/council tax/energy price rises would impact affordability..
imastu pidgitaswell: I don't think you can be too wrong with these fundamentals - cash and asset rich, earnings multiple around 7 (less under 700) and the recent trading statement. And frankly you can always add more. Re the land bank, it will be in their financials - numbers, annual sales, resulting number of years in the bank etc:
imastu pidgitaswell: Another analyst special... Raise the target price and down it plunges. I'm not holding these - nor any other house builder - but there is some astonishing value developing.
aimingupward2: Jefferies raises it’s target price to 942p - BUY.
imastu pidgitaswell: Actually I don't know either... It will vary by region, as with house prices, but the best I could find was an estimate of 45% for construction costs, i.e. labour and materials, of which half is materials costs. So around 22% of the price of a house. Say 1/4 as an order of magnitude. So if in fact materials went up by 25%, that would be 6% of the house price - to keep the same margin. What did house prices rise by on average over the past 12 months? sikh - thanks for that, always good to get your objective view, isn't it? It is at least consistent - regardless of the share price...
shaker44: So what do You read into that relating to the share price? Buy? Sell? Hold? Target price??
Redrow share price data is direct from the London Stock Exchange
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