We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wren (See LSE:WREN) | WHG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.25 | 9.25 |
| Top Posts |
|---|
Posted at 11/9/2009 17:32 by 123michelle Investors may be interested to hear that the CEO of Wren Homes plc is giving a presentation on the company at a free seminar on Tuesday 15th September after 6.00pm at the t1ps offices and afterwards in a local hostelry.The event will be held at the t1ps.com offices at 5-11 Worship Street, London EC2A 2BH starting from 6pm. It's a free event and you can get a place by RSVPing to Michelle Levin at michelle.levin@t1ps. |
Posted at 13/7/2009 12:59 by affc21 section below from the above note (GROWTH EQUITIES & COMPANY RESEARCH):---------------- Valuation and Conclusion Wren creates Extra Care schemes focussing on the fast growing, emerging market for Extra-Care retirement homes and the perception of its prospects being intertwined with those of the overall residential housing market, should gradually fade - particularly with the Company's rental proposition. However, the UK residential housing market is in a severe recession which is clearly demonstrated by the appalling results and forecast expectations for most of the quoted housebuilders. However, we believe that the worst of the downturn is over and even only a slight recovery is likely to translate into growing investor appetite for housebuilders. Although, house builders are not necessarily a good valuation proxy for Wren, they do nonetheless provide an indication of possible value. Additionally, it is the sector that most investor's will value the Company against during the current transitional phase. Price Earnings multiples do not provide much guidance but the Price Sales (per share) multiples do and, as the recovery develops and investor appetite builds, the expectation has to be for the Price Sales multiples of the depressed companies to converge with those of Berkeley Group (1.7x) and Bovis Homes (1.9x). Wren is trading on a 2011 Price/Sales multiple of 0.3x and it could be argued that a premium multiple - because of its unique investment proposition and potential for higher growth rates due to the increasing demands from an aging population is merited. However, even a Price Sales multiple of just 1 would imply a share price of 26.3p based on 2011 forecasts We have also looked at Wren from the perspective of possible forward P/E multiples for the acknowledged, not ideal, Construction sector but also Support Services and Healthcare. We have discounted these sector multiples by 10% (arguably overly aggressive in the current economic climate) and these suggest a possible 2011 target price of around 49p (1.9x forecast sales); using Wren's implied earnings per share (annualised to 31 December 2011 and after a full tax charge). |
Posted at 29/10/2007 12:17 by philjeans Couple of further BUYS there this morning; price off the bottom now as investors start to see the opportunity to pick up this tiddler whilst they're so cheap.Amazing value. |
Posted at 08/7/2007 18:58 by what is a login ? This is the article:Wren may be good home for a nest-egg Brian O'Connor, Daily Mail 2 July 2007, 10:20am If you live in a four or five-bedroom house in southern England with a good-sized garden, in a nice area with shops and services handy, you might one day get a call from Wren Homes chairman Peter West. He will ask you about the possibility of turning the site into retirement apartments. If your home is worth £600,000, he might offer you £720,000 subject to planning permission. If you like the idea, having taken legal advice, you sign an option to sell at that price within a year. He seeks planning consent and if he succeeds, he will come back and give you six months to move. In this way, Wren has collected options which could enable it to build 440 apartments. The first 28 at Warlingham in Surrey were completed a year ago. The firm plans 60 more at a nearby site and another 61 at Carshalton and Crowborough. West, an experienced developer, founded the group with Paul Treadaway in 1994. He says: 'By 2021 one in five people in Britain will be over 65. By 2040 there will be 15m. Yet the number of retirement homes being built is minuscule.' Wren's apartments are not care homes. The company's target customers are still active, though some may need help. Typically, they pay £340,000 for a two-bedroom apartment, with use of garden and a communal area. Each room has an alarm button reaching a call centre. Service charges and ground rent add about £180 a month. West and Treadaway floated Wren on the Ofex (now Plus) market in 2001 and moved to Aim last November, raising £5.8m in a placing at 36p. They sold £1.4m of shares each, but still hold 49%. City investors snapped up the shares, lifting them to 66½p, where Wren is valued at £27m. West says: 'There is a great big gap in the retirement business which gives us a lot of room for growth. We are a very ambitious company. We are looking to be the next McCarthy & Stone.' That would be some achievement. McCarthy, an Investment Extra favourite since Michael Walters wrote the column, was taken private last year for a stonking £1.1bn. Last tipped here at 501p, it went out at 1075p for a healthy profit. Wren's sales were £3.3m (and pretax profits £1.7m) last year so it is a long way from the big league yet. West hopes to get there partly by buying private housing developers. Issuing more shares could be a drag on the share price. Risks abound. The cycle from finding a site identification to selling an apartment can take five years. Since schemes are funded partly by bank loans, delay could be costly. Any shortfall in the quality of its homes could damage its brand. Ageing has an unglamorous side, but unquestionably many will need suitable homes. Estate agent Savills estimates the UK has only 40 retirement villages - upwards of 400 are needed. |
Posted at 09/10/2006 17:49 by philjeans Thanks Ain - I had missed that but it reinforces my own info that an AIM listing is imminent.The article fails to make it clear to investors that they can get in BEFORE the switch, but I'm doing my best! PJ |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
