Are Redrow (RDW.L) Shares In A Good position With Recent Plummeting Results?

It has been a rough ride for Redrow as its prices have been fluctuating throughout the whole year. On July 16, the price stands at 620.4 GBP which is 3.6 GBP less than it was on Thursday. The company reached the bottom line at the end of the March of 2020. The price was 313.2 GBP. the values started to improve in the winter of 2021. They have doubled by the middle of July. With higher volatility of 1.74, the company is still risky to invest in. Redrow is a construction company that operates in England and Wales. In a post-Covid climate, Redrow is well-positioned to profit from the increasing demand for new houses. It has changed its approach in response to current market changes.

For example, it has abandoned the bulk of its London-based projects in response to rising demand from homeowners for more space than is typically available in the metropolis, as well as the growing popularity of working from home. The company is financially sound, as shown by a net cash position of more than £100 million at the end of the current fiscal year.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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