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||Market Cap (m)
|Household Goods & Home Construction
Bellway Share Discussion Threads
Showing 701 to 725 of 725 messages
|deadly - sorry I did not get back to you and forget what it was ! History now as most builders being hammered again and not looking great chartwise . let's hope something will turn them around .|
|Arja: Yes very delayed but now positive reaction, but what "further announcement"?|
|deadly - it was the further announcement that dampened it but now recovering .|
|Valued at under 7X last year's eps - up 40% - and a similar increase in dividend, to give a dividend yield of 4.6%. Forecast of growth this year of maybe 20%, taking the earnings multiple to under 6X. Historic divi cover of 3.4 and very modestly geared, gives scope for another big hike in the payment for this year too. Land bank gives a more than generous investment horizon. What's not to like?|
|yeah, the market appears to have taken a serious dislike to the whole housebuilder sector, no matter, there is great value in pretty much all of the players so I will continue to hold mine and collect the rapidly increasing divi.|
|Great results received like a damp squib.|
|4% rise this morning on no news??
Ah I see; two brokers have suddenly woken up to their attractions and the market reacts in sympathy.|
|I'm also a holder. The statement showed a 2% rise in order book on last year, despite a probable lull in buy to let orders. BofE staying with cheap money policy today, and house prices not too silly yet up here in the North, so I expect another good year, even if growth rate slows a bit. Yield about 4% at today's price, which is not bad (though some way behind Galliford which I also hold)
All IMHO. Good luck all.|
|I guess not much news and not many followers. Excellent trading statement on 5/8 and nothing since that I have seen. I considered selling yesterday as the market seemed due a breather but then I saw 2x£1m purchases and decided to hang on in there|
|I'm a new investor here. Why no posts for so long?|
|Very well done 1gw. you were one of the few I think. But now BWY is oversold to a greater extent than most other builders and looks cheap. So I have doubled my holding....|
|Sold out for now at £27.26. Feels to me like there's a lot of downside potential from a "surprise" leave vote and maybe not so much upside now from the "expected" remain vote.|
|"Bellway continued its growth momentum and performed strongly in all key metrics. The company recorded robust sales, which is reflected by a surge in the weekly reservation rate. Bellway benefitted from the favourable housing market and consumer demand, and was well supported by availability of affordable mortgage finance. The introduction of ‘Help to Buy’ scheme eased the burden of customers to purchase new homes. Customer confidence remained strong, with a low cancellation rate of 11%. Bellway plans to invest the proceeds from the sale of Barking Riverside in additional land opportunities to generate high returns and enhance shareholder wealth. Going forward, the company plans to open a 19th operating division in the North of England in the first half of the next financial year. The company remains on track to meet expectations for the full year, aided by solid forward sales position and a rise in the average selling price."
Beaufort note out this morning: hTTps://www.research-tree.com/company/GB0000904986|
|The market is mulling the potential negatives over the actual positives as far as housebuilders are concerned.|
|Pretty good statement, including:
"Notwithstanding the uncertainty surrounding the impending EU referendum, the
Group has not experienced any noticeable effect on trading, with customer
confidence continuing to be strong and the cancellation rate remaining low..."|
|All gone very quiet over here. Has everyone else sold out?
|A technical support level of £22-85 would appear to be under pressure,suggesting that the stock could fall through £20.
JPMorgan have a target price of £33, Citigroup £30,forecasts made on April 1st(an April Fools perhaps)Deutshe have a target of £27.
PE around 10,PEG of 0.23,yield of around 3.8% with an XD on 19 May of some 34p.There are no discernible short positions.The volume attached to the share decline is fairly average but further falls of some 10% will see the stock hit 12 month lows.The stock is weaker than its sector peers.
The stock looks well oversold to me but the environment with the Referendum pending is unhelpful.If we vote to stay in EU,would expect a pronounced recovery in the share price.I'm not selling,in fact any further weakness and I'll look to buy.|
|I'm not sure whether or not to sell this? Any advice?|
Housebuilder Bellway (LSE:BWY) has been a relatively poor performer in recent years. Shares in the firm have risen by 266% since 2011, compared to 358% for Taylor Wimpey and 405% for Barratt Developments.
Bellway's 3.6% forecast yield also lags behind the 5% to 6% yields available from most of the other big housebuilders. Despite a booming housing market, Bellway has failed to build up a cash pile. Net debt is actually rising.
The good news is that Bellway's profits are still growing strongly. Earnings per share are expected to rise by 27% in 2016. The firm's operating margin has caught up with peers and is now nearly 22%.
If this strong momentum can continue for another couple of years, then Bellway shares could deliver a respectable profit from here. However, in my view it could be too late in the housing cycle for this to be a safe bet.
I rate Bellway as a hold, rather than a buy.
Motley Fool April 2016
In addition to this somewhat unenthusiastic commentary ,some fund managers are drawing attention to the fact that Bellway trades on two times book which they feel is too high.|
|Being traded within a 10% range roughly between £24 to £27,not out of line with the sector.Don't see changing til Referendum out of the way.|
|This recently has turned into a very poor share. Doesn't seem to be going places at all.|
|Deutsche on 2,736p though.
Edit - mind you even 2,736 would be welcome today!|
|It's frustrating when you see short term target prices of £33 and £37 a share but never getting close to hitting them. I don't understand what's stopping these from rising alot further. We have had alot of good news and have proven we are still growing as a business|
|FT carrying article about how £120m was pulled out of property funds in February as investors became nervous of a correction in the UK property market.These redemptions have clearly obliged fund managers to top slice property holdings and this has probably washed through to effect building companies in the last month or so.|
|Thank you. Much appreciated|