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(RDW.L) Redrow PLC Buy/Sell
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Trade UK shares with CFD Trading. Low commission: Equity CFDs (trade from £15)
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| Date/Time | Headline | Source |
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| 03-03-10 | RNS |
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RNS Number : 0481I Redrow PLC 03 March 2010
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing
2 Reason for the notification(please tick the appropriate box or boxes): YES An acquisition or disposal of voting rights NO An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached NO An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments NO
An event changing the breakdown of voting rights
Other (please specify):
obligation:
4. Full name of shareholder(s)(if different from 3.):
crossed or reached:
8. Notified details:
A: Voting rights attached to shares
if possible using
the ISIN CODE
ORD 10p
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: AEGON UK Group of Companies - parent undertaking of: AEGON Asset Management UK plc AEGON Investment Management UK Ltd. AEGON ICVC
Proxy Voting:
cease to hold:
hold voting rights:
13. Additional information:
Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) Contact address (registered office for legal entities) Phone number & email Other useful information (at least legal representative for legal persons)
B: Identity of the notifier, if applicable
AEGON ICVC
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) This information is provided by RNS The company news service from the London Stock Exchange END
HOLUOSNRRKAORAR More |
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| 02-03-10 | RNS |
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RNS Number : 9364H Redrow PLC 02 March 2010 Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
SHARES ARE HELD
ENTIRELY IN THE NAME
OF FIONA ELSPETH
MORGAN (SPOUSE OF
STEPHEN PETER
MORGAN)
THE NOTIFICATION IS
IN RESPECT OF A
HOLDING OF THE
PERSON REFERRED TO
IN 4 ABOVE
SHARES
FIONA ELSPETH MORGAN
NOT APPLICABLE
UNITED KINGDOM
If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes
NOT RELEVANT
NOT RELEVANT
NOT RELEVANT NOT RELEVANT
NOT RELEVANT
NOT RELEVANT
NOT RELEVANT
Name of authorised official of issuer responsible for making notification Date of notification: GRAHAM ANTHONY COPE (Group Company Secretary)
(1) An issuer making a notification in respect of a transaction relating to
(2) An issuer making a notification in respect of a derivative relating the
(3) An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete
(4) An issuer making a notification in respect of a financial instrument
This information is provided by RNS The company news service from the London Stock Exchange END
RDSBDGDXRBGBGGD More |
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| 26-02-10 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 7581H
Redrow PLC
26 February 2010
BLOCK LISTING SIX MONTHLY RETURN
Information provided on this form must be typed or printed electronically.
To: The FSA
Date: 26 February 2010
Name ofapplicant: REDROW PLC
Name of scheme: SHARESAVE SCHEME
Period of return: From: 01.09.2009 To: 26.02.2010
Balance under scheme from previous return: 576,209
The amount by which the block scheme has
been increased, if the scheme has been increased
since the date of the last return: NIL
Number ofsecuritiesissued/allotted under 8,115
scheme during period:
Balance under scheme not yet issued/allotted at 568,094
end of period
Number andclassofsecuritiesoriginally listed Date of
and the date of admission Admission Ordinary 10p Shares Admitted
12.05.1999 883,000
01.05.2002 250,000
26.02.2003 761,904
22.12.2005 300,000
28.02.2007 300,000
11.01.2008 600,000
Total number ofsecuritiesin issue at the end of 308,607,479
the period
Name of contact: GRAHAM ANTHONY COPE
Address of contact: REDROW HOUSE, ST DAVID'S PARK, FLINTSHIRE CH5 3RX
Telephone number of contact: 01244 520044
SIGNED BY
Company Secretary
for and on behalf of
REDROW PLC
If you knowingly or recklessly give false or misleading information you may be liable to prosecution.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BLRMMGZZZVNGGZM
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| 26-02-10 | RNS |
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RNS Number : 7482H Redrow PLC 26 February 2010 Redrow plc - Total Voting Rights Following its announcement on 01 December 2009 Redrow plc ("Redrow") would like to notify the market of the following: As at 26 February 2010 Redrow's capital consists of 308,607,479 ordinary shares with voting rights. Redrow holds no ordinary shares in Treasury. Therefore, the above figure (308,607,479) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in or a change to their interest in Redrow under the FSA's Disclosure and Transparency Rules. ENDS. This information is provided by RNS The company news service from the London Stock Exchange END
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| Date/Time | Subject | Author | ||
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| 06-03-10 |
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Redrows Morgan Makes Comeback Building Bigger, Pricier Homes
March 01, 2010, 7:18 PM EST March 2 (Bloomberg) -- Steve Morgan, who took the job of chairman at Redrow Plc for the second time almost 12 months ago, said the U.K. homebuilders biggest mistake during his nine-year absence was shifting to the low end of the market. Morgan, a 57-year-old native of Liverpool, created the company in 1974 and said he was dismayed to see its houses and apartments dumbed down to appeal to lower income buyers after he left in 2000. The decision to return was prompted by an 18-month spell during which the shares plunged 85 percent, shrinking the value of his 6.5 percent stake. Its in my blood, Morgan said in an interview in London. It was still my baby, the business I started from scratch. The decision by Redrows management to build more apartments and fewer more-expensive houses sacrificed profit, Morgan said. Redrows average price of 137,400 pounds ($206,000) was the lowest in the industry last year and compares with the average of 179,639 pounds for the seven publicly traded U.K. homebuilders, according to Citigroup Inc. Apartments rose as a proportion of total construction during Britains decade-long property boom, as developers tapped demand from buyers who planned to rent out the properties. Detached houses fell to 12 percent of homes built in 2008 from 44 percent in 1997, according to the latest annual data from the National House-Building Council. The pendulum is now swinging back, with companies including Redrow and Taylor Wimpey Plc, the U.K.s second-biggest homebuilder by volume, reducing the proportion of apartments in their construction plans. Slashing Products Morgan is now Redrows largest shareholder with a stake of almost 16 percent in his name, according to data compiled by Bloomberg. Since rejoining the company, he has slashed the number of products by more than half to 32 and introduced a range of costlier houses he expects will account for 80 percent of sales in 2012. Last year, about half of Redrows revenue came from apartments. Its returning Redrow to what they did very well in the 1980s and 1990s, said Rachael Waring, a Liverpool-based analyst at Panmure Gordon & Co with a hold rating on the stock. However, it will take some time to work. Redrow, based in St. Davids Park in northern Wales, has climbed about 31 percent since the company announced Morgans intention to return a year ago, even though the company hasnt made a profit since the property market peaked in 2007. That exceeds the 23 percent gain in the Bloomberg EMEA Homebuilders Index. Redrow now has a market value of 415 million pounds. How Many Units? The second I had gone they started to dumb down the product, Morgan said of the previous management. They got rid of the attention to detail that the product used to have and they made it cheaper. When I came back in, the psyche of the business was: How many units, how many units? Morgan has an estimated net worth of about 350 million pounds according to the 2009 Sunday Times Rich List. He also owns the English Premier League soccer team Wolverhampton Wanderers. At the age of 21, Morgan set up Redrow as a civil engineering business with a 5,000-pound loan from his father. He went into homebuilding five years later and remained at the helm until October 2000. Redrow had net income of 50.4 million pounds on sales of 405.7 million pounds in fiscal 2000, the last year of results before Morgan left. It reported a loss of about 100 million pounds last year, in what Morgan called the worst set of trading results in the companys history. Morgan Comes Back Morgan told Redrow last March that he wanted to rejoin management after increasing his stake to 29.9 percent, just short of a 30 percent holding that would trigger a mandatory offer for the remaining shares. He built up the holding by buying shares from the London-based hedge fund Tos . . . Read Full Message More | View thread (1) | Respond | Login to Vote up |
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Just had a quick read of the RNS... good news indeed. If the Morgans are buying £130k of shares it can only inspire confidence in our investments - i'm sure they have a better idea of the way the sp is heading than we do!
Coupled with Persimmon's news it has been a good day for RDW holders |
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| 02-03-10 | ||||
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Steve Morgan and spouse now hold 29.95% thats real good news i topup with another 3K shares @ 1.31 i have raised my terget to 1.85 and moving
foxey |
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| 28-02-10 | ||||
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Redrow features toward the bottom
Big Persimmon profits hint at acquisitions Mark Foxwell, Financial Mail 28 February 2010, 12:35pm Britain's biggest housebuilder, Persimmon, is this week expected to dazzle the market with profits of £60m and a huge reduction in its debt - a positive signal for the sector, reigniting speculation that it might be looking at major acquisitions. The strong results for 2009 stem largely from the fact that Persimmon will add a forecast £58.2m increase in the value of its land to its £1.8m profit before the one-off 'write back'. Persimmon reduced its debt from £908m in the first quarter of last year to £275m as a resurgent housing market encouraged off-plan sales, prompting analysts to suggest that the group will be debt-free by the end of the year. Industry observers are questioning whether smaller rival Bovis could be a takeover target with a putative price of about £600m. However, a Persimmon spokesman downplayed the possibility of such a move in the next few months saying there was too much uncertainty in the sector. In contrast, Taylor Wimpey will post a loss of about £734m after being hammered by writedowns this year. Like many housebuilders, the company suffered a severe decline in sales and prices during the recession due to low consumer confidence and restricted lending. Taylor Wimpey will give an update on the sale or flotation of its US business, which is considered a drain on the company. Chris Millington, analyst at broker Numis Securities, said: 'Taylor Wimpey left the write-downs too late. The company is having to play catch-up, which is why the loss is so large. However, Taylor will now be better placed because of this and hopefully margins will go up.' Taylor Wimpey's write-downs in the value of its land amounted to £604m of the loss. Meanwhile, rival Redrow continued its turnround story last week. The housebuilder, one of the hardest hit during the recession, announced a better-than-expected reduction in losses and improved sales volumes. Losses fell from £46.2m in the second half of 2008 to £8.7m in the same period in 2009. Barratt Group also posted strong interim results, trimming losses to £178.4m from £594.5m a year ago. The company said it expected the sale price of its homes to rise by up to 10% this year. http://www.thisismoney.co.uk/markets/article.html?in_article_id=500349&in_page_id=3#ixzz0grQiBcLh |
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