The sp has risen substantially over the last few days. Nigel Wray has increased his stake to over 8%.He has obviously got something in mind.Pressure on the board to sell of some of the land bank? Or a full blown takeover? You tell me please.

Tipped as takeover target,no idea who is interested,but Carl Turpin the CEO and co-founder now owns 16.19% and Nigel Wray has increased his share to 8.05%.The company has a mkt.cap.of 32.43mln.Today's price is about the IPO price.That was in July 2004.Seems too short a time to agree to being bought out...any ideas??

Oakdene has recently taken over Honeygrove HYG and their landbank was in the south east.Even with a slow property market the landbank must have been worth many millions.Perhaps that landbank was obtained at a discount to its full potential.We will find out more as the weeks go by, and should provide a reasonable return over the next 12 months.

yes
they piced up Honeygrove for a reaction of the right price (IMO)

certainly the Honeygrove shares had been trading at nearly double the price the directors considered fair and reasonable when approached by Oakdene

I exepct they all have good jobs within the new empire however

that was
'picked up' and 'fraction' of course

apologies for mistakes

thankyou for that.Has anyone invested in NMD?Worth 17mln sterling...a lot of volume recently.Bid and offer price the same,180p on Dig.Look.What does this mean?Quite a nice dividend with this one.Sorry to distract,but I feel that the smaller builders are going to do better this year.

Undervalued and oversold. Buying at full offer price now. Time to get a few before they hit a again.

Nice to see people having to pay a premium today to buy the shares.

Oakdene shares have been massacred...now only 8p.

Last time I look they were 25p, they have large debts , not a good place to be in todays markets. Can't see them lasting too long, the building market is even worse than we think.

I heard that Oakdene has breached its covenants and running out of cash very soon.

Thats correct they are using temporary bank facilities to keep going.

Doesn't sound good.

A few small investments totalinig 10k's have raised sp 14% - OK this is from a low, but if Banking Issues are true ( and why not?) then the sp is about to fall sub 10p . . . . .why would anyone buy "now" unless it's Directors (hoping to) secure their positions . . . . . but I dislike ( No-News) large swings, as they can operate the other way, just as quickly.

-Maybe anticipation that the "US Bank-recovery" will be starting soon, now their Elections are in view!