Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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thank fk…..we need something to get off this fking virus....its worse than just old people dying..no disrespect
Oilhead, yes, that's disappointing.
House prices have been predicted to fall, as Goinglarge has pointed out. Which makes sense if we're facing a recession.
I think a lot depends on how long you think a recession will last.
But there is still a massive demand for housing.
Rental prices are obscene and the fact is even if house prices do fall, RDW will still make money.
Look at the P/E.
It's a value share that's being hammered.
It may well have a fair way more to fall. But it will come back, imo.
If you don't fancy holding, you can sell.
But my view is that you've lost nothing until you sell and there is nothing intrinsically wrong with the company.
Exactly what I was thinking - ridiculous statement without facts
goinglarge, How do you get 20 - 25%
Property prices are going to come down by 20-25% and so profits for Redrow will fall significantly for years to come
anon3
well today seem a bit weird movement opened at 490 and now 455...quite a bit of a move. this is all after govt told construction to begin officially. i expected RNS saying all sites officially open - none yet.
thoughts?
I think there is a distinct probability that the housing market, estate agents, construction, will be among the first to a return to the (new) normal.
then you have furlough impacting
Redrow looking very cheap at this point. Discount to TBV is significant. Very low historic earnings ratio although that obviously won't apply to this year. ROCE outstanding and operating margin decent. Government to release series of measures to kick start the economy shortly. The housing sector will be central to any measures, stamp duty holiday expected to be announced shortly.
I think this should respond well next week with most estate agents and solicitors from next week are letting house moves go ahead. I have been in that position waiting to move into a Redrow home but unable due to my chain and their solicitors not letting them move.
Oilhead,
Given the market volatility recently, while not nice, that's nothing and certainly not enough to worry about in itself.
Put it this way, I'm about 35% down and won't be selling because of today.
It's been a bad day all round if you hadn't noticed.
US data is out, every country data is out, month -end extension is ongoing, social distancing ongoing. still no easing on the lockdown in the UK yet.
wow what a trap...500p to 460
beginning of May, mid and late May shows their plan into action for workers. great time for them to start full operations while adhering SD rules. great to hear! saying is one thing but ready for it is good to go
I thought we'd have seen a better rise after RDW saying that they were looking to go back to work, but hey ho.
Should prove to be a good buy and when RDW confirm that they're going to start back up you can see what's going to happen to the SP.
I really ought to add here, but I'm worried about getting caught in a false rise.
Was on my list to purchase at market open this morning, as usual life stuff gets in the way and miss out on a decent rise. Still buying in for a LTH but could've been a decent start.
here today.
Let's hope it's not shortlived.
Vow we had awesome volume today 3,030,978. Bought volume is way high double to sold at 2,087,843.
That’s great news - looks like Redrow is about to be brought out. What price is fair bid value for Redrow? At least double to today’s closing price. ??????
On the slight positive, it is going to get really tough but Government always seems to have a soft spot for getting the housing market going again.
Yes, not good, but at least the company won't have to pay the wages.
GL if you hold
which was probably to be expected.
Otherwise it's a little bit encouraging.
I think housebuilders will be ok, because houses are in massive demand.
And that's the biggest fundamental for me in the medium term.
I would not day trade anything personally. Buy on the way down, buy at the bottom, buy as long as you're confident and think this is undervalued! I have no idea if this is the beginning of a rally or just some small respite from a further decline, and I personally don't care to put too much thought into it either way. I like my investing to be simple and boring as possible.