Bellway Share Discussion Threads

[mafia music] 15/12/2011 09:07

what fundermential factors do you like about this company.? did anyone read the daily mail article which was published the other day?

[zimzoot] 02/9/2011 14:50

Great debate on Britain's housing crisis



UK housing market in "crisis"

[zimzoot] 19/8/2011 10:57

Sector going to get wacked :)

[yewtrees] 11/3/2011 11:20

The new site opened in Brentwood has 5 properties reserved, off-plan. Encouraging.

[sonicx] 03/1/2011 06:52

Housing market won't pick up until 2012/2013 earliest maybe even 2015

[seahorsel3isure] 07/12/2010 10:50

Decent statement.

Despite current economic conditions, these could get back towards £7 as its a strong, cash rich business.

[nealcowan] 07/12/2010 08:30

Very nice IMS this should get to £6.00 at least on the back of this

[nealcowan] 02/12/2010 11:59

missed the low spike yesterday unfortunately. statement out next week if anything like redrow may rise nicely

[yewtrees] 26/11/2010 20:02

i am assuming the results were good, did someone have a peek at them!

[yewtrees] 26/11/2010 12:14

looks like news about to come out

[essentialinvestor] 30/10/2010 12:31

This will highlight what the Sector is up against imv:

The 2012 Pre Tax Profit estimates for Bellway have been reduced by £42 million
over the last 3 months.

£28 million of this reduction has been in the last month alone,
these are based on the consensus estimates.

This is mainly sector wide, not specific to Bellway.
It puts the fall in the sector SP's into some context imv.

Further falls to come in Sector SP's imv.

[yewtrees] 28/10/2010 19:01

I guess,the property market will be quiet now until about Feb 2011.

The Bellway Billericay development has sold/reserved 9 out of 10 of its properties, valued around £700,000 to £1.3m. Not sure if these were accounted for in Bellway's recent figures. If interested look on Rightmove - estate agent Parabar Muir.

The Bellway website also has 'coming soon' developments.

[essentialinvestor] 19/10/2010 07:46

Not sure will the market like the Outlook statement imv.

[etome] 19/10/2010 07:28

HIGHLIGHTS

-- Completed sales of 4,595 homes (2009 - 4,380)

-- Average price achieved GBP163,175 (2009 - GBP154,005)

-- Total Group turnover of GBP768.3m (2009 - GBP683.8m)

-- Profit before taxation GBP44.4m (2009 - GBP29.8m*)

-- Exceptional items GBPnil (2009 - GBP66.3m)

-- Earnings per ordinary share of 29.7p (2009 - 17.7p*)

-- Final dividend for the year 6.7p (2009 - 6.0p)

-- Forward order book at 30 September of GBP397m (2009 - GBP349.4m)

* before exceptional items


Looking Forward

Bellway has seen reservations in 2010 return to a more normal selling pattern with a strong spring selling season. However, following the change of government in May and the emergency Budget in June, buyer confidence slowly ebbed away during the summer as increasing media coverage was given to the new policies of the coalition Government to tackle the deficit.

Sales in the early part of what is traditionally an active autumn selling period have picked up, albeit only slightly, following the usual summer lull and it seems that potential homebuyers are awaiting the outcome of the Comprehensive Spending Review.

Whilst the Board's desire to increase volumes annually remains, it is ever mindful of past experiences, however, the Group currently has a strong land bank, a forward order book of GBP397 million and with GBP59 million of net cash, the capacity to grow the business should market conditions allow. The Board therefore remains confident as to the Group's ability to respond effectively to whatever market conditions prevail over the coming months.

[nealcowan] 17/9/2010 09:55

Unlikely spike just sold half holding at 583 probably should have sold all but trying to be clever hoping for 610

[seahorseleisure] 06/9/2010 10:21

I can't speak for the south but after having our house on the market (north east) for six months with little interest, we have had 3 offers for the full asking price in the last week.

Speaking with a Barratt sales advisor, they say that interest has picked up significantly in the last six months.

All heresay at the moment of course, lets see what happens this week.

[nealcowan] 23/8/2010 11:55

Bovis report out today very lengthy but detailed. Overall the results look good. Persimmon out tomorrow if they are ok then Bellway could jump. Just bought in at 524 lets see

[nellie1973] 18/8/2010 17:02

Broker upgrade

[yakin] 18/8/2010 12:00

Liberum Capital adjusts ratings on UK housebuilders, noting it sees "selective value as the macro-economic outlook may not be as bad as it looks." Says the positive investment case for housebuilders relies only on a stable environment in which builders can get out of old land at low margins and bring in new land at high margins. Broker cuts Redrow (RDW.LN) to hold from buy, but upgrades Bellway (BWY.LN) to buy from hold. Has buy ratings on Barratt Development (BDEV.LN) and Berkeley Group (BKG.LN). Has Bovis Homes Group (BVS.LN) Persimmon (PSN.LN) and Taylor Wimpey (TW.LN), all at hold.

[seahorseleisure] 16/8/2010 10:10

Struggling to understand why the BWY share price keeps falling.

Decent numbers, confirmed by recent trading update. Well managed business.

Surely a buy at these levels of 545p?

Anyone understand?

SH

[yewtrees] 11/8/2010 14:29

At the end of July, my last posting, Bellway had sold 5 of the prestigious properties on Fernlea Manor, Billericay. Today, I have noticed on Rightmove there are now 6 properties sold. Sold can mean reserved though. Nevertheless, there are only 10 on this development, with properties ranging from over £1m to £700,000.
IMO - July is not normally a good month for selling houses, so it no surprise that house prices were lower last month.

[cool hand kev] 04/8/2010 11:18

Q. how can I find out how much BWY paid for the Underwood road Shopping Precinct site?

[nealcowan] 30/7/2010 08:48

Barratt and Persimon both reported reservations ahead of last year a few weeks ago. A friendly estate agent has said things are quiet just now so who knows?
Belway management are pretty cautious so the business is in good hands
Lets hope for good news next week