WHG Wren (See LSE:WREN)

RNS Number:5861Q
Wren Homes Group PLC
02 February 2007


For release                          7.00am                     2 February 2007



                          WREN HOMES GROUP PLC (WHG.L)


                                 Trading Update



Wren Homes Group Plc ("Wren"), the AIM Listed retirement homes developer, is
today issuing a trading update for the six months period to 31st of January
2007, ahead of its Interim Results (which will be reviewed by our Auditors)
which will be announced on 30th March 2007.


Wren anticipates announcing good results in line with Group expectations. Over
the last 12 to 18 months margins have continued to improve as a higher
proportion of increased unit sales have related to retirement housing and it is
envisaged that this trend will continue; indeed the directors anticipate a
modest profit at the Interim stage, (as compared to a loss for the comparable
period last year) and being able to announce a maiden dividend.


Wren's move from the Plus Market to the AIM Market has been successful, raising
some #3.0 million of new money. The issue, in which demand exceeded availability
of new shares, has led to a marked premium in the share price from the issue
price of 36 pence per share.


The directors are pleased to advise that the Group has just obtained planning
permission for 20 retirement apartments in the Carshalton, Surrey area.


In line with the increased levels of activity, Wren has taken the opportunity to
move to new offices in Epsom, which includes a new computer system and a soon to
be up-dated web-site.


Wren is also in the process of recruiting an additional Land-Buyer and has
identified a senior sector specialist, within the retirement homes market, to
become Sales & Marketing Director designate, who will commence work in early
February.


The Group has also appointed a new senior bank, to cover for both its day to day
requirements and also for the provision of project finance for individual
developments. As of today's date the Group has in excess of #1.5 million of net
cash on deposit.



Commenting, Paul Treadaway, CEO Wren Homes said:

"Taking the market as a whole, and with the normally buoyant spring period
ahead, I believe that the fundamentals of the market remain sound. Given the
strength of current sales and our recent planning consents, I look forward to
the future with confidence."





Enquiries
Wren Homes Group plc       Paul Treadaway, Managing Director
www.wrenhomesplc.co.uk     Tel: 01372 742 244

JM Finn                    Leslie Kent/Matthew Robinson/Charles Cunningham
                           Tel: 0207 628 9688

Adventis Financial PR      Peter Binns/Tarquin Edwards
                           Tel: 020 7034 4760 / 020 7034 4758
                           07768 392 582 / 07879 458 364







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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