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BWY Bellway Plc

2,664.00
18.00 (0.68%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bellway Plc LSE:BWY London Ordinary Share GB0000904986 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.00 0.68% 2,664.00 2,666.00 2,670.00 2,674.00 2,630.00 2,656.00 365,371 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Operative Builders 3.41B 365M 3.0558 8.72 3.18B
Bellway Plc is listed in the Operative Builders sector of the London Stock Exchange with ticker BWY. The last closing price for Bellway was 2,646p. Over the last year, Bellway shares have traded in a share price range of 1,903.00p to 2,898.00p.

Bellway currently has 119,445,604 shares in issue. The market capitalisation of Bellway is £3.18 billion. Bellway has a price to earnings ratio (PE ratio) of 8.72.

Bellway Share Discussion Threads

Showing 926 to 948 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
26/2/2024
15:34
Good of them to catch up a bit

26th Feb
‘ CMA finds fundamental concerns in housebuilding market’
‘ Concerns around estate management charges ‘

kreature
23/2/2024
14:49
Should I listen to this?

MP :
“The large property developers…..are scamming people from the start”

kreature
10/2/2024
00:03
Personally I don’t see any real value in the houses due to a possibly uncapped unregulated management ‘Estate Charge’ in the so called freehold? Also in the TP1 are ‘Estate Regulations’ which must be complied with and which are subject to change ‘from time to time’.

Quote from TP1: ‘ At all times to comply with and observe the Estate Regulations’

Freehold is supposed to mean free from any hold. But it’s certainly not free from hold on the new build estates imo. I don’t see how anyone would want to buy such a house if say an uncapped Estate Charge quadrupled.

As a buyer, looks to me like you have to become a ‘member’ of ‘The Management Company’, so if you want to complain via the courts about anything, looks to me like you basically have to pay to complain about yourself ?

For the above reasons I believe this is a SELL.

Dear oh dear

kreature
09/2/2024
08:00
Customer confidence continued to improve which led to a lower cancellation rate of 16% (2023 - 20%) for the whole of the first half and a reduction to a normalised level of around 13% during January 2024

The above was one of several that suggests that things improved in January

cerrito
09/2/2024
07:33
‘ The Group has delivered housing revenue of over £1.25 billion (2023 - £1,804.9 million), in line with the Board's expectations.

Total housing completions reduced by 28.1% to 4,092 homes (2023 - 5,695), with the decline reflecting the generally weaker trading conditions experienced since late summer 2022 and the lower order book at 1 August 2023.’

kreature
09/2/2024
07:23
‘ net cash at 31 January 2024 was £77 million4 (2023 - £292.5 million). ‘

292 down to 77 in 12 months ?

kreature
18/12/2023
10:12
UBS raises Bellway price target to 2,980 (2,530) pence - 'buy'
philanderer
13/11/2023
10:54
Jefferies raises Bellway price target to 2,827 (2,779) pence - 'buy'
philanderer
27/10/2023
15:44
Berenberg cuts Bellway price target to 2,300 (2,500) pence - 'hold'
philanderer
18/10/2023
13:08
Bellway offers significant value, says Jefferies


Bellway (BWY) provided ‘little surprise’ in its full-year results, but the ‘next potential catalyst’ could be around the corner, says Jefferies.

Analyst Glynis Johnson retained her ‘buy’ recommendation and target price of £27.89 on the Citywire Elite Companies A-rated stock, which gained 3.3% to £22.34 on Tuesday.

Most components of the 2023 year results had already been announced and Johnson said there was ‘significant value’ in the property developer.

Although the results provided ‘gives and takes’, she said that they are ‘unlikely to drive an urgency to own the stock’ given the slow recovery in trading offsetting ‘improving trend and resilient pricing’.

‘We think the next potential catalyst may just be around the corner: potential new customer support from government at the November Budget – driving selling rate and confidence in pricing – or an organic pick-up in selling rate from lower mortgage rates or the spring selling season,’ she said.


citywire.com

philanderer
18/10/2023
08:59
JPMorgan cuts Bellway price target to 2,170 (2,300) pence - 'overweight'

RBC cuts Bellway price target to 3,400 (3,500) pence - 'outperform'

philanderer
17/10/2023
09:06
Much as expected
philanderer
10/10/2023
09:14
covid caused unprecedented demand
meaning prices doubled overnight, due to 80% of timber being
imported to UK

BofE please note this is one of the main causes of present inflation
putting up rates does not solve the problem,

mike24
26/9/2023
18:28
RBC starts Bellway with 'outperform' - price target 3,500 pence
philanderer
20/9/2023
10:15
£35K! I suggest you get another quote(s)!
uhound
20/9/2023
09:46
the days of buying a so called bargain on "Homes under the Hammer" are gone
just to expensive, upvc windows 35k plus to replace, for an average size prop
better to buy a freehold quality built new house, with no management fees
edit
windows,kitchen, boiler,heat pump,bathroom,shower room,insulation, floors,
electrics will need re-placing at a total cost of around 100k plus
on a average 4bed every 25yr or every 20yrs on a buy to let

mike24
14/9/2023
07:30
Just checked to see where we are with the buy back programme.
To reiterate at the last AGM permission given to do £100m programme.
The first £50m tranche started on March 28 and finished on June 16th ie about 10 weeks with all the bank holidays and the second £50m tranche started on June 19 and has to finish by November 16. At say £21 a share, 2.38m will be bought back and cancelled in this second tranche . As of the RNS this morning 1.56m has been bought back in this second tranche so we are on track to do it by November 16.
My understanding is that 2.14m shares were bought back in the first tranche but then of course prices were higher.
Good that it is foreseen that there will be no change in the dividend and we await October 17 results announcement.

cerrito
16/8/2023
23:57
Bellway snaps up Danescroft’s £35m development site in Virgina Water
philanderer
16/8/2023
13:30
Tipped in DTelegraph today


'Times are tough for housebuilders, but this stock will survive and prosper'

Questor share tip: this stock has the wherewithal to prepare the ground for bumper profits in the next housing cycle

Hold

philanderer
16/8/2023
08:19
Berenberg cuts Bellway target price


The tough property market will continue to hit trading at housebuilder Bellway (BWY), but there are some signs of stability emerging, believes Berenberg.

Analyst Harry Goad retained his ‘hold’ recommendation and reduced the target price from £27 to £25 on the Citywire Elite Company, which retreated 0.9%, or 20p, to £21.38 on Tuesday.

‘The housing market clearly remains extremely challenging and will continue to impact on trading well into Bellway’s next financial year,’ Goad said.

‘However, we do now think that signs of relative stability are emerging and we think that a trough will be reached in terms of market volumes and prices in late 2023.’

Goad is not expecting a ‘rapid market recovery’ as affordability remains a headwind into and through 2024.

‘In this context, we retain our ‘hold’ rating on Bellway as – while we see limited downside – we also see more compelling valuations elsewhere in the sector. We do, however, acknowledge Bellway’s attractive dividend yield and the company’s balance sheet strength,’ he said.


citywire.com

philanderer
15/8/2023
09:14
Berenberg cuts Bellway price target to 2,500 (2,700) pence - 'hold'
philanderer
11/8/2023
10:48
I saw this on Citywire.
Regret I did not sell at 2400 some months back but
happy to remain with what I have and do not see myself buying or selling
in the foreseeable future.
quote
Peel Hunt cuts Bellway price target
Tough trading over the last couple of months for Bellway (BWY) and a 44% year-on-year fall in the order book have led Peel Hunt analyst Sam Cullen to cut the target price for the housebuilder.

‘There were few surprises where FY23 was concerned,’ Cullen said. Revenues are expected to be £3.4bn, and operating margins 16%, implying operating profits of £545m, in line with current consensus.

Net cash ended the period at £232m (£245m last year), with average cash of £192m. A total dividend of 140p is expected, in line with the prior year and the £100m buyback is progressing well.

‘At £22.16, the shares trade on 0.74 times CY24E PTNAV and offer a 6% dividend yield,’ Cullen said. ‘Our target price falls from £26.40 to £25.80, but we retain our ‘buy’ recommendation. Bellway remains one of our most preferred housebuilders due to its strong track record, high discount to TNAV and ability to open new sites should the backdrop improve.’

The shares rose 0.8%, or 18p, to £22.14 on Thursday.

cerrito
10/8/2023
09:25
UBS cuts Bellway price target to 2,530 (2,570) pence - 'buy'

Deutsche Bank cuts Bellway price target to 2,526 (2,727) pence - 'buy'

JPMorgan raises Bellway price target to 2,300 (2,200) pence - 'overweight'

philanderer
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older

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