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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wren (See LSE:WREN) | LSE:WHG | London | Ordinary Share | GB0031056459 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.25 | 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 | 9.25 | GBX |
Wren (See LSE:WREN) (WHG) Share Charts1 Year Wren (See LSE:WREN) Chart |
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1 Month Wren (See LSE:WREN) Chart |
Intraday Wren (See LSE:WREN) Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/11/2009 | 11:23 | WREN HOMES GROUP - Building a valuable nest-egg. | 126 |
| 13/7/2009 | 22:07 | wren set to soar on land deal | - |
| 28/5/2009 | 18:46 | Wren set to soar on whitehall bid | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 24/7/2009 11:33 by maniac3 Seem like a good recovery play at this price especially given a bit of patience. |
Posted at 15/7/2009 21:52 by sandbank The share price seems to be oscillating in a channel. However the real move ahead won't come here until mortgage finance improves. Yes - Wren have an elderly client base - most of whom don't have any outstanding mortgage - but their ability to dispose of their existing home depends on the availability of funding to the buyer.Wren is certainly worth watching. |
Posted at 13/7/2009 11:59 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 10/7/2009 07:49 by affc21 GROWTH EQUITIES & COMPANY RESEARCH Analyst: Philip Morrish Wren Homes Group*: Former retirement scheme creator, now repositioned in growing 'Extra Care' retirement homes market Buy at 7.50p; target price 26.3p (First analyst report I have seen in a long time, for WHG.) |
Posted at 28/7/2008 08:39 by cliley454 Another nice rise and more to follow imho. Off topic have a look at SHG. just 2.5p a share with cash alone of 6p a share. Institutions buying at 5.25p a share. Interesting info on BB. Stick it on your monitor. |
Posted at 28/4/2008 08:51 by davidosh What is known about the sites WHG have ? Are they selling these retirement flats ? Why did the director leave via unplanned departure ? |
Posted at 12/3/2008 20:35 by what is a login ? In the absence of any news from the company and in the light of the drastic fall in the share price I put forward two possible scenarios:1) This company is the new McCarthy and Stone.It has even employed a McCarthey and Stone manager. With it's winning formula and competitive edge it provides amenable homes for delighted Grannies up and down the land and it will be a multi-bagger for shareholders. It has tons of plots of land in prime locations The only problem is that sentiment towards building stocks is low. This is the baby that has been thrown out with the bathwater. But you can't keep a good stock down.... 2) The Company is unable to sell its properties as they are far too expensive. The executivwe chairman has abandoned ship. Yes, there are people who give themselves airs of being directors and pay themselves high salaries but their main task is to direct the activities of telephonists on ten quid an hour who try and persuade elderly people who live in houses with big gardens to part with their property. Another of their jobs is to sweeten up journalists who write for papers who then put a buy recommendation on the shares at 60p. Mr Treadaway himself says that profits will be "lumpy". But now the failure to sell finished properties is hampering the ability to finance new projects. A vicious circle and downward spiral in the share price. Well, perhaps the reality is somewhere between the two. I have been in and out three times with only small purchases. Made a small gain once and made small losses twice. At the monment I'm out and I will stay out until there is less uncertainty. I had great hopes for this stock and I like its name and the way it used to sit at the bottom of my portfolio on the monitor just beneath VTG. Bonne chance à tout le monde. |
Posted at 08/2/2008 09:45 by hedgehunter1 Peter West,now trying to exit his stake we hear. Brokers lots of egg on face. Have to asay, other director total maverick, and rummours are he's making shares cheaper by not making real info available. Also, brokers totally not on the pulse according to market sentiment.When Peter West exits his holding to AN other, this may make a boardroom battle, me thinks. For all the great assets, they need to prove they can generate real cash, not just accumulate for the sake of accumulating. Think price is low, but either it will shine, or go bust in next tweleve months. Treadaway, needs to be more informative with his shareholders. That said when is the AGM? |
Posted at 18/12/2007 07:19 by cyberpost Wren Homes FY profits hit by adverse conditions in housing marketLONDON (Thomson Financial) - Wren Homes Group PLC, the AIM Listed retirement homes and specialist developer, reported a sharp fall in pretax profit for the year to end-July after being hit by adverse conditions in the housing market. Pretax profit for the year was 759,134 stg, down from 1.72 mln stg a year earlier on revenue of 2.22 mln compared with 3.35 mln. The directors are recommending a final dividend of 0.3 pence per share making 0.55 pence for the year. Chief executive Paul Treadaway said the results were not as good as the directors would have wished, but "they nevertheless reflect the current market conditions". He added that as Wren moves to develop larger retirement housing schemes, which will tend to be apartments in substantial blocks, and until it reaches a certain critical mass, in which it has a number of schemes progressing at any one time, both in build and ready for selling, its trading results are likely to be "lumpy", and not following a smooth progressive trend. But Treadaway added that the board will continue to work to build sustainable growth, especially in the South East retirement housing sector as and when market conditions allow "and we look forward to the future with a fair measure of confidence". |
Posted at 08/7/2007 17:58 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. |
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