European Event-Driven Analyst

Jesus Rodriguez Aguilar

Jesús is an Insight Provider (Event-driven) on the Smartkarma network, where he looks across sectors at opportunities arising from securities mispricing (both credit and equity), share classes, bid announcements, prospective bids, and special situations. He has served as Economic and Business Advisor at the Spanish Congress in Madrid. Prior to that, he has worked in the City of London: as a Credit Analyst at Bloomberg; Event-driven associate at former boutique European Research; and doubled as Special Situations and Equity-linked VP (convertible bonds) at Merrill Lynch. Jesús has an MBA from the London Business School, a BA (Hons.) degree in Economics from the Complutense University in Madrid, and a BA (Hons.) in Law from U.N.E.D., also in Madrid.

Event-Driven

<ul>
<li>The slowdown in the house market in the UK in the last 12 months has increased the likelihood of seeing more consolidation in the house-building sector.</li>
<li>Redrow's 24,565 plots have attracted a large buyer paying (with paper) a hefty premium to secure land. The land bank should cover house building production for just over four years. </li>
<li>I believe the deal will ultimately succeed, although the CMA may take a closer look thus delaying the deal beyond H2 2024. Gross spread is 3.4%.</li>
</ul>


The slowdown in the house market in the UK in the last 12 months has increased the likelihood of seeing more consolidation in the house-building sector.
Redrow's 24,565 plots have attracted a large buyer paying (with paper) a hefty premium to secure land. The land bank should cover house building production for just over four years. 
I believe the deal will ultimately succeed, although the CMA may take a closer look thus delaying the deal beyond H2 2024. Gross spread is 3.4%.


Redrow PLC

Barratt Redrow Plc, the Land Banker