I researched this one before it came over from ofex but took too long thinking about it. It has risen steadily so I'm now in. It has a large land bank and is now the only quoted builder of homes for the retired community a rapidly growing market.

I`m retired so I will take a look.

Moneyplus, strangely you appear to be misinformed, May I?
WHG was on Ofex and moved up as their profits rose on the back of rising house prices. Mainly they develop smaller plots that the National aren't interested in, but offset higher costs by improved finishes and as you suggest aimed at the retirement market, who are down-sizing and have ready cash for their last "new home". The largest builder of retirement properties is McCarthy and Stone, which used to be listed, so WHG is by no means the only player, unless you mean "listed" - and it's quite small having maybe a couple of plots on the go at once..
However, they restrict themselves to Surrey/Kent border in the main and their sp was as high as 70p - but tody I see a fall to 17pence, in line with many other builders, folks are not moving and have less to spend anyway.
I believe WHG is a good business; but the yield is small so I doubt it was ever worth 70p.
At 17p today, it's about right IMHO- - with a modest yield, but that might be cut, so maybe worth waiting . . . . . . . . . . .
I used to have this stock when on Ofex, but sold out just before the move and huge rise . .. doh!
Now, I try to avoid Ofex stock, so probably bought it on the back of an Investor Show, long ago.
Do you know when the divi is paid - can you say?

Period Ex-Date Pay Date Net Dividend Currency Total for year
H2 Dividend 30-04-2008 20-06-2008 0.3000 GBX 0.5500
H1 Dividend 02-05-2007 22-06-2007 0.2500 GBX
from HB web page
Alex

Big rise today, on just 9k-worth of Buys....it's a housebuilder. 'nuf said.

-ISSUE OF EQUITY-
Dir swaps a debt for equity at 11p - this is slightly interesting, but note that the company did an equity deal last month at 10p, raising 4 million with an additional loan which is convertable into shares at 10p...(-this could produce a drag on the stock..IMHO.)
However, without some good deals being struck ( ie House purchases ), I can see this drifting down further....why not?

Furthermore, if the Loan is converted, then Wainford Holdings could own 49% of the company(see RNS), .....which is in effect a take-over by their new director . . . . any other views?
I have to express some confusion in this . . . . but maybe there will be little to report for a while yet. The lack of defined "conversion dates" really constitutes a cold-hand on the business as any new shareholders will wonder why they are bothering.
EDIT.April2009 - Huge rise on no-news, then gradual fall after a few days . . . shouldn't the Co. say "...know no reason....etc.).?