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Shares in home building company?

Hi all, new to shares so please ignore stupidity.

BUt can anyone tell me whats happeing with the shares prices in house building companies such as Barratts, Wimpey, Redrow and the likes.....how comes the share prices have jumped up this week!!!

Any ideas :confused:
Debt at highest (November 2005) = £35,856

Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p

Comments

  • plumb1_2
    plumb1_2 Posts: 4,395 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    nmiah786 wrote:
    Hi all, new to shares so please ignore stupidity.

    BUt can anyone tell me whats happeing with the shares prices in house building companies such as Barratts, Wimpey, Redrow and the likes.....how comes the share prices have jumped up this week!!!

    Any ideas :confused:

    Takeover rummours.
  • nmiah786
    nmiah786 Posts: 577 Forumite
    Whose taking over who!!!
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • nmiah786
    nmiah786 Posts: 577 Forumite
    bumping for more opinions
    Debt at highest (November 2005) = £35,856

    Debt currently (August 2006) = £20,790
    &More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700

    Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
    2nd Interim Goal = £15,000, Target October 2006
    Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!! :p
  • cheerfulcat
    cheerfulcat Posts: 3,406 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi there,

    Much of the time it is difficult for anyone to give a concrete ( sorry! ) reason for moves in shares or even whole sectors; market sentiment is a funny thing. But you might like to look here for an attempt at explanation. The FT, on the other hand, reckons it's because the housebuilders got moved to the household goods sector; as they trade on a very low P/E for the new sector they got rerated.

    HTH!

    Cheerfulcat
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