Housebuilder Redrow calls the end of Britain’s mini-housing boom: U.K. housebuilder Redrow has warned that it is selling fewer homes a week than it was in the summer of 2013 - just after the Government launched phase one of its Help to Buy stimulus package.
2 Sep '14
why has no one got on this??????
Final Results Tue, 2nd Sep 2014 07:00 RNS Number : 5657Q Redrow PLC 02 September 2014 ? Tuesday 2 September 2014 Redrow plc Final results for the year to 30 June 2014 REDROW DELIVERS RECORD RESULTS Financial Results 2014 2013 Change Revenue £864.5m £604.8m +43% Operating Profit £137.5m £73.2m +88% Profit before tax £132.6m £69.4m +91% EPS (adjusted) 28.6p 15.6p +83% ROCE 18.0% 12.2% +48% Final Dividend 2p 1p +100% Financial highlights · Group revenue rose 43% to a record £864.5m driven by a 27% increase in legal completions and a 13% increase in Average Selling Price to £239,500 · Gross margins rose to 21.7% from 18.8% at June 2013 · Record pre-tax profit of £132.6m, up 91% · Adjusted earnings per share up 83% to 28.6p · Value of private reservations up 53% from £668m to £1,021m · Help to Buy represented 35% of private completions · Return on Capital Employed of 18% (2013: 12.2%) · Net debt increased to £172.6m vs £91m in 2013, due to ongoing investment in land and work in progress · On the basis of these strong results, the Board is proposing a final dividend of 2p per share, double that of the dividend paid in 2013 Operational highlights · Legal completions rose 27% to 3,597 (2013: 2,827) spurred by Help to Buy · Number of employees up 21% to 1,346 to meet growing demand · Number of apprentices increased 14% to 84 · London Division contributed £124m of turnover from 293 legal completions · Order Book up 85% at £482m · Outlets increased 12% from 92 to 103 · The owned and contracted land bank at the end of June 2014 was 16,724 plots
12 Aug '14
no statement this year
There was a trading statement on 4th July last year. Nothing has come out this year yet.
1 Aug '14
Not alone this but others seem to be taking a hit, anyone have opinions why?
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