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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bellway Plc | BWY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 14.00 | 0.56% | 2,502.00 | 11:51:15 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,498.00 | 2,478.00 | 2,512.00 | 2,488.00 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/10/2023 | Final | GBP | 0.95 | 30/11/2023 | 01/12/2023 | 10/01/2024 |
| 28/03/2023 | Interim | GBP | 0.45 | 25/05/2023 | 26/05/2023 | 03/07/2023 |
| 18/10/2022 | Final | GBP | 0.95 | 01/12/2022 | 02/12/2022 | 11/01/2023 |
| 29/03/2022 | Interim | GBP | 0.45 | 19/05/2022 | 20/05/2022 | 01/07/2022 |
| 19/10/2021 | Final | GBP | 0.825 | 02/12/2021 | 03/12/2021 | 12/01/2022 |
| 24/03/2021 | Interim | GBP | 0.35 | 20/05/2021 | 21/05/2021 | 01/07/2021 |
| 20/10/2020 | Final | GBP | 0.5 | 26/11/2020 | 27/11/2020 | 08/01/2021 |
| 15/10/2019 | Final | GBP | 1 | 28/11/2019 | 29/11/2019 | 08/01/2020 |
| Interim | GBP | 1 | 27/11/2019 | 29/11/2019 | 08/01/2020 | |
| 27/03/2019 | Interim | GBP | 0.504 | 23/05/2019 | 24/05/2019 | 04/07/2019 |
| Interim | GBP | 0.504 | 22/05/2019 | 24/05/2019 | 04/07/2019 |
| Top Posts |
|---|
Posted at 18/10/2023 14:08 by philanderer Bellway offers significant value, says JefferiesBellway (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 |
Posted at 14/9/2023 08:30 by cerrito 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. |
Posted at 16/8/2023 09:19 by philanderer Berenberg cuts Bellway target priceThe 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 |
Posted at 11/8/2023 11:48 by cerrito 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. |
Posted at 12/6/2023 13:40 by tmfmayn Hi, I have recorded a 61-minute podcast with fellow investors Roland Head, Mark Simpson and Bruce Packard where we discussed Roland's investment in BELLWAY, Mark's investment in LUCECO and Bruce's investment in SUPERDRY. We also debated whether investors should run concentrated or diversified portfolios. I hope you enjoy the conversation!Maynard [Podcast] BELLWAY, LUCECO And SUPERDRY With Roland Head, Mark Simpson, Bruce Packard And Maynard Paton #BWY, #LUCE and #SDRY |
Posted at 29/5/2023 19:41 by tmfmayn Hi, I have recorded a 40-minute podcast with fellow investor Roland Head all about Bellway! We talked about Roland buying at £17 during October alongside the builder's range of homes, growth record, cash flow, balance sheet, immediate prospects, dividend yield, discount to NAV and much more!Maynard [Podcast] BELLWAY With Roland Head And Maynard Paton #BWY |
Posted at 28/3/2023 10:51 by cerrito Yes decent not to say boring results.I note the £100m share buyback in terms of the £2.5b Marcap and if I have time I will check how this ratio of share buyback to Marcap compares to other big builders. No surprise that the cash disbursed on their land bank will be reduced in the next 12 months. I note dividend payments are roughly £150m pa. I take their comments on dividend cover to assume that the decreased profitability I guess we will see next year will not lead to a dividend reduction. No surprise that next FY sales will be lower. I note the reduction in the March 12 order book from £2.2b last year to £1.6b this year and do not know how that compares with their competitors. Note regional differences. I go on the basis that for the next 6 months the share price will be in the 1900/2350 range and on that basis do not anticipate buying or selling. |
Posted at 09/2/2023 07:51 by cerrito I have had a read of the TU.BWY is the only major builder I hold so I cannot compare and contrast with the very recent statements of the other builders. I note no comment about supply shortages and while they reference inflation they do not make a song and dance about it. I note recruitment freeze which makes sense in terms of their land bank activities but do not know how many people they directly employ in areas where there have been shortages ie plumbers, ie IT people. As an IBST shareholder I note that production will be broadly flat and as an INL shareholder I note land bank purchase slow down and them backing out of previously agreed deals. Reading this TU had not moved me to buy or sell and my current reading is that the share will meander in the 2000/2300 range. Given that sales price only increased 1.6pc and the guidance they gave due to increased social housing there must be considerable margin pressure. |
Posted at 23/10/2022 13:55 by bostonborn Today's Questor is supposed to have an article on BWY as a buy, written by Richard Evans, but I can't find it; it is online. can somebody please copy it here, thank you |
Posted at 18/10/2022 12:01 by kalai1 Bellway plc posted solid prelims for FY22 this morning. Total revenue rose by 13.3% to a new record £3,536.8 million, housing completions grew by 10.5% and ahead of target to a record 11,198 homes. Underlying profit before taxation rose by 22.5% to £650.4 million, underlying EPS was up 19.9% to 420.8p. The balance sheet is resilient with year-end net cash of £245.3 million and proposed total dividend per share growth of 19.1% to 140.0p, representing dividend cover of 3.0 times underlying earnings. The business is starting to see demand moderate with weekly reservations down 12.4% at 191 per week in the 9 weeks since 1st August. Valuation is very attractive with forward PE ratio at 4.9x and dividend yield over 7.2%. The macro environment and higher interest rates are the obvious cloud, the UK is probably already in recession which could last through most of next year as well. BWY is a solid UK home builder already at an attractive price, but there is no rush to buy. Monitor for now......from WealthOracle hxxps://wealthoracle |
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