Redrow (housing breaking out of a rectangle trading range at 220p on very high positive volume.

Resistance at 250p as shown on chart and then a move up to 300p on the cards?.

"
Chart showing resistance points....

Wrong cynic,, TW was nicely up yesterday..

hi BB ..... we did a smidge over 40 miles a day which really isn't that much, albeit that the terrain is generally quite varied ..... that sort of distance gives us time to smell the flowers and see the sites or whatever

jimmy .... wakey wakey ..... i posted yesterday, so my comment of yesterday referred to the day before!

BB, Kate: that's why I thought I should censor those muscley legs of his ;)

despite my lack of general coordination and sporting prowess, i do confess that they are still able to deliver a good kick up the arse when necessary

Im well awake its just that your post was at 21.16 so i would assume you were talking about the same day .Dont want to be a day behind in the market...
Anyway a good start for all the housebuilders

cynic - if you are considering loire next year, I can strongly recommend saumur - located between the Loire and Thouet rivers.

i need to do some research, but we don't centre ourselves, but make a big circuit ..... the prob with much of the Loire Valley is that it is industrialised and an awful lot of main roads, which we avoid like the plague ..... however, i recollect there is a good network of "z roads" in the hills + other stuff to see and visit beyond the obvious.

Gironde/Charente has a lot of appeal, but it's a long way to get down there in the first place

Cynicglad to see you are back from your cycling holidaywhilst I admire your fitnessI prefer cruise control rather than crush nuts control when crossing those regionshas the gap between the inside knees extended?

you clearly have not looked at those stunning pix that Toya was kind enough to post, showing those spiffing lycra cycling shorts - the legs are even spiffier, but Toya deemed those unsuitable for viewing before the watershed.

without padded shorts - or double undies! - one is in fact in much more grave danger of becoming a brontesaurus than a hulled hazelnut

Shorts disclosed on BDEV & RDW - somebody thinks they know something!

Trafalgar Asset Managers has taken a 0.302% short position in house-builder Redrow.

Redrow plc
Interim results for the 6 months ended 31 December 2009

Financial performance

Group revenue up 25% at GBP187.2m
Legal completions increased by 21% to 1,266
Average selling price 3.6% higher at GBP145,500
Gross margin of 7.2% (H1 09: 5.6%)
Pre-tax loss reduced by 81% to GBP8.7m
Plot cost ratio at 31 December 2009 of 18.9% (2008: 20.1%)
Net asset value GBP1.41 per share
Net debt of GBP49.3m, with gearing reduced to 11.3% from 73%
Capital turn increased to 0.8 times (H1 09: 0.5 times)

Operating highlights

Successful GBP150m Rights Issue to strengthen balance sheet and reduce
gearing
New strategy being implemented
o New Heritage Collection launched
o Existing and new sites re-planned
o Harrow Estates acquired and integrated into Redrow
Sales and build activity levels increased
Restructuring of management team complete
1,750 plots secured since 1 July 2009
Private reservations per outlet 0.55 (H1 09: 0.28)

RDW looks cheap now at 115p.

Firm Placing of 14.9 million New Shares at 130 pence per New Share and Open Offer of 46.3 million New Shares at 130 pence per New Share

The Board of Redrow (the "Company" or "Redrow") today announces a share issue by way of a Firm Placing and Open Offer to raise gross proceeds of approximately £79.6 million through the issue of New Shares at 130 pence per New Share, an 11.1 per cent. premium to yesterday's close of 117 pence.

· £19.4 million will be raised through a Firm Placing of 14.9 million New Shares to Bridgemere Securities Limited ("Bridgemere"); and

· £60.2 million will be raised through a 3 for 20 Open Offer at 130 pence per New Share, fully underwritten by Bridgemere.

StockMarketWire.com
Redrow reports sales activity since the beginning of January has been encouraging, particularly against the backdrop of a strong first quarter of calendar 2011. The volume of net private reservations for the 16 week period to 20th April was 843 homes, up 2% on a like for like basis and 9% including London.

The Average Selling Price of private reservations for the period was up 12% at £207k excluding London and up 20% at £223k including London. The value of the private net reservations for the period was £188m, up 14% on a like for like basis and 32% including London.

A board statement stated: "the current UK economic outlook appears stable and we have had the long awaited introduction of NewBuy albeit that it has got off to a slow start. Our sales per outlet are at the top end of industry comparables and like for like reservations are ahead of last year.

"The overseas launches of our first major Central London site have been well received and we expect our active outlets to be on target at the end of June. As a consequence, we expect this year's results to continue to show good progress."

Response to Potential Offer Announcement

31 August 2012

Redrow plc ("Redrow" or the "Company") notes the recent announcement by Bridgemere Securities Limited ("Bridgemere"), Toscafund Asset Management LLP ("Tosca") and Penta Capital LLP ("Penta").

Redrow confirms that it received an initial approach yesterday evening (the "Approach") from Bridgemere, Tosca and Penta regarding a possible cash offer of 152 pence per Redrow share.

The Board will now establish a committee of independent directors to consider the Approach.

Shareholders are urged to take no action at this time.

This announcement is not made with the consent of Bridgemere, Tosca or Penta. There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made. A further announcement will be made in due course.

Housebuilder Redrow offers up its full-year results on Wednesday. Analysts expect it to say it completed sales of 2,449 homes during the year, a near-7pc rise, at an average selling price of £181,800 , signalling a 10pc increase. No dividend is forecast. Those watching the group are focused on the proposed offer from founder and chairman Steve Morgan for the rest of the company. No major announcement regarding the 152p potential offer is expected on Wednesday, but the industry widely believes that the deal will take place.

not much headroom then, though the housing market looks to be an interesting sector for investment ..... i currently hold bovis for my sins

Final Results

Financial highlights

· Group revenue increased 5.8% to £479m, driven by 15% increase in average selling prices, with private ASP up by 17% to £204,100

· Operating margin rose from 7.5% (excluding Scotland) to 10% as a result of increased sales from sites purchased since the downturn, improved product mix and the benefit of high profit on land sales and freehold reversion sales (margin was 9% excluding these one off items)

· Pre-tax profit up 70% to £43m and adjusted earnings per share up 80% to 10.8p

· Private net reservations up 4% from £416m to £434m (excluding London) due to a change in mix to larger homes and private order book up 33% to £152m

· Return on capital employed up from 6.1% to 8.7%

· NAV per share up 5% to £1.52 adjusted for the £78m share issue

· Net debt down £61.4m to £14.0m, gearing down to 2% (2011: 16%)

Operational highlights

· New Heritage Collection now firmly established as primary brand and represented 67% of private turnover during the year (2011: 35%)

· Opening of new outlets remains a priority; 82 outlets at year end (2011: 74) should increase to over 90 outlets by the end of the current financial year

· London Division commenced construction on our first two major flatted schemes, One Commercial Street in Aldgate and Kingston Riverside in Kingston upon Thames

· Landbank of 12,350 plots at the end of June 2012 (June 2011: 11,190 plots)

· Reservations in the current year are 16% ahead of the same period last year

· 5 Star Award in HBF 2012 Customer Satisfaction Survey

ANNUAL GENERAL MEETING AND INTERIM MANAGEMENT STATEMENT

"Redrow has continued to make steady progress in what are challenging but stable market conditions. Sales per outlet are marginally up at 0.58 per week, compared to 0.55 in 2011. We have, however, operated from an average of 83 outlets during the year, compared to 72 last year, which has resulted in reservations for the year to date increasing by 17% in the regional businesses and 22% for the Group as a whole, including London. Cancellation rates have remained stable at just over 17%.

The average price of private reservations to date is 13% ahead of the same period last year, at £223,000 excluding London and up 22% at £243,000 when London is included. This reflects both the increased percentage of our sales coming through the very popular New Heritage Collection and the impact of the London business. In the wider market, house prices have remained stable, as indeed they have over the last two years.