London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yep, I'm in. Good upwards potential from here. Housebuilders are a little sensitive to brexit news, but I'm sure once that's all put to bed (whatever the outcome) we will see big movements here. GL
Yet another broker upgrade today.......Anyone else here? I am feeling lonely talking to myself.
Decided to join you guys on the latest buy note. I think all builders going to have a pretty good year but I have a better feeling about RDW over the rest. Hopefully I am proved right.
"Homes turnover for the four months to October was up 48% to £657m"
Redrow is likely to beat the analysts forecast and surprise the market when it reports the interim results around first week in Febuary imo. DYOR
Government announced £7.1bn National Home Building Fund. The housing shortage is not going anywhere, so the government’s new strategies will help towards building more new homes for the property buyers. The industry will now look ahead to next year's Budget for the announcement of further property market measures, which could include changes to stamp duty and a proposed doubling of Capital Gains Tax.
Homes turnover for the four months to October was up 48% and £657m .
Redrow is likely to beat the analysts forecast by a huge margin .
https://www.placenorthwest.co.uk/news/redrow-looks-to-regions-for-2021-growth/
Need for '300,000 new homes a year' to meet housing shortage.
https://www.hampshirechronicle.co.uk/news/business/18873957.300-000-new-homes-needed-year-lloyds-banking-group-big-conversation-hears/
https://www.lep.co.uk/news/politics/no-affordable-homes-new-preston-housing-estate-3027971
Thanks for the dates .
Yep, I was just going to correct the period date.
So actual Divi amount should actually be announced with the Interims.
10/02/21 Interim Earnings Release (Projected) for the period ending 31st Dec. 2020.
That'll only be the reinstatement though.
Divi is normally paid April and November or thereabouts, I think.
28th December, give or take a couple of days.
We continue to expect to reinstate dividend payments at the half year , Half year ? Any idea when this will be?
"We entered the new financial year in a position of strength and this has been reinforced with strong trading since the start of the year. There has been resolute demand for homes with more space to live and work as customers reflect on their lockdown experiences"
https://www.londonstockexchange.com/news-article/RDW/agm-statement/14746144
https://www.standard.co.uk/business/property/redrow-home-office-working-from-home-b51626.html
Extremely positive given the circumstances.
"Homes turnover for the 18 weeks to 30 October 2020 was 48% up on last year at £657m. This strong performance has not depleted the total forward order book which currently remains close to record levels at £1.5bn, a 10% increase on this time last year.
Our balance sheet is strong and at the end of week 18, we had net cash of £115m (2019: net debt £32m). We continue to expect to reinstate dividend payments at the half year and to be cash positive for the remainder of the financial year."
Housebuilding sees rapid recovery in October
Latest purchasing manager’s index shows rate of growth only slightly lower than September
The UK housebuilding sector continued its rapid recovery from the spring coronavirus lockdown in October, according to the latest purchasing managers’ survey from IHS/Markit.
The survey, sponsored by the Chartered Institute of Purchasing and Supply (CIPS), found that housebuilding was “by far” the best performing area of construction activity over the month.
https://www.housingtoday.co.uk/news/housebuilding-sees-rapid-recovery-in-october/5108835.article
https://www.theconstructionindex.co.uk/news/view/redrow-secures-liphook-consent
https://www.insidermedia.com/news/north-west/redrow-homes-looking-to-advance-preston-plans
Planned for the former RAF Newton site near Bingham, the Newton Garden Village is the latest project for Redrow Homes East Midlands.
Following approval, the 58 acre brownfield site is set to be transformed with 528 homes, which will be between two and five bedrooms.
https://www.nottinghampost.com/news/local-news/garden-village-500-homes-set-4627988
" the Group is well placed to deliver a robust performance. We have completed substantially more homes in the first few weeks of the new financial year than during the comparable period last year whilst maintaining a record order book as a result of keen demand for our Heritage Collection homes.
This, combined with reduced investment in London, will deliver strong operating cash flow over the coming months to support our regional growth plans and we expect to be cash positive at the end of the financial year. As a result, and subject to market conditions, we expect to resume dividend payments in 2021."
Redrow is likely to do well this year.
The housing market completed a stunning return to pre-coronavirus levels of activity in September just four months after re-opening began in England.
The number of housing transactions completed in September hit 98,010, returning to parity with the same month last year, according to data from HM Revenue and Customs.
https://www.mortgagesolutions.co.uk/news/2020/10/21/housing-transactions-return-to-pre-covid-19-level-hmrc/
From the 350s. Went on a housebuilder buying spree and got a load of these at 370 and TW at 105 & 99. Very nice bounce and redrow finally smashed through the previous barrier of 465.
Next stop here has to be 500p