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|Household Goods & Home Construction
Bellway Share Discussion Threads
Showing 701 to 724 of 725 messages
The new housing strategy for England includes forcing councils to plan for their local housing needs and giving them powers to pressure developers to start building on land they own.
The government says at least 250,000 new homes are needed each year and local councils and developers need to "get real" to the scale of the challenge.
Reducing the time allowed between planning permission and the start of building from three to two years|
|Bloomberg - PM to advise on easing of house building|
|Latest broker views
Date Broker New target Recomm.
7 Feb Liberum Capital 2,780.00 Buy
2 Feb Citigroup 2,540.00 Neutral
9 Jan Peel Hunt 2,900.00 Hold
4 Jan Deutsche Bank 2,950.00 Hold|
Day before BWY 6 months and price falls by 51p
All they had to do is read the last RNS
Additon to this is the new white paper from the goverment
THe shortage in housing
The possible increase in possible 17 villages
what other sector is strong as construction
|Bellway saw further growth in volume in the six months to the end of January with a 6.5% increase in the number of housing completions to 4,462 (2016 4,188).
The group said it has a substantial forward order book with a value of £1,121 million (2016 £1,027 million), comprising 4,487 homes (2016 4,434).
- A strong trading performance is expected to result in an operating margin of around 22%
- Significant investment in land with £380 million spent on land and land creditors (2016 £315 million), supporting the Groups ongoing growth strategy
Chief executive Ted Ayres said: "Bellway has delivered another strong half year result, increasing both the number of legal completions and the value of the forward order book.|
|Reading last rns, i can only see good results - i see share price his last 10+ days £26.12|
|Not just Bellway - Taylor Wimpey as well. I have little sympathy for the articles - they should have talked to their solicitor about it prior to purchase.|
|Lot of negative publicity for Bellway today, about how they screw customers, buy selling new houses leasehold rather than freehold, then selling the lease on to other investment co's / sharks etcc...
It's not illegal, but very unethical i would say|
|A very solid update. Yesterday's drop completely overdone and all bodes well for a year of further growth. Looking forward to the trading update in early February.|
|Trading statement tomorrow, 13-Dec, for those who may have missed that.|
|petercrosby - no you do not have to wait you can sell on the 1st and still receive the dividend. However, note that (theoretically) the share price will be marked down on the 1st by the dividend amount.|
|If I want to sell does this mean I have to wait until next Mon if I want to get the DIV? Confused as Ex div date is 1st?
The proposed final dividend, subject to shareholder approval, will
be paid on 11 January 2017 to all ordinary shareholders
on the Register of Members on 2 December 2016.|
|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.|