Bellway Share Discussion Threads

[ukgeorge] 11/2/2016 15:54

£24.8 is the 200 mda a close under that will be supper bearish.

[ukgeorge] 11/2/2016 09:59

Just gone short here is the only housebuilder still above it's 200mda.

[bigbertie] 10/2/2016 09:49

1gw - the statement seems to justify your confidence in BWY, and it sounds like they have completions on the London flats, as the asp was very high in 1H but expected to drop back in 2H due to completions on London apartments. Good statement all round IMHO.

[1gw] 09/2/2016 10:43

I've just bought some at 25.00. I have a relatively big holding in Crest Nicholson and a smaller holding in Telford Homes and have been watching Bellway for a while, attracted by the low p/e and the growth profile. It seems (to me) due for a bit of a bounce and I'm hoping tomorrow's TU can provide the catalyst, although Redrow's share price performance today following their interims isn't very encouraging so far.

I guess one question mark over Bellway might be their exposure to "high-priced London flats" through their Nine Elms position, so hoping they can find a way to indicate something positive tomorrow about how they see the London market.

[rheumking] 05/2/2016 19:10

Thanks Dr Smith
Nice to know no disasters I have missed for once.
Have a good weekend too and happy investing

[dr_smith] 05/2/2016 18:36

Definitley a 'thing' Rheumking ;-)
I wouldn't claim to be in the know, but as observer all was well and nicely up (for builders) this morning until lunch time.
Then the US opens at 14.30 and dive(allegedly due to US non-farm payrolls), so we dive, so not company/sector specific.
All IMO :-)
Fingers crossed for a sunny Monday....and everything else crossed as it is forecast rain and strong winds.
Have a good weekend. :-)

[rheumking] 05/2/2016 18:09

What's with the big drop today
Pending results or just one of those stock market things
Any clues from those in the know ?

[dr_smith] 11/12/2015 09:38

The update is what was expected, so 3.62% share price increase at time of typing implies it is news to others. Though following is likely the cream:
"The operating margin continues to rise as a result of the Group acquiring higher margin sites and this has been strengthened further in instances where revenues have risen above initial acquisition expectations. The strong operating performance and focus on cost control should allow the Group to further improve the operating margin to at least 21% in the current financial year (2015 – 20.4%1)."

Also, no mention of labour/material shortages. I don't know if that's because it is not a problem, or a problem that is not considered relevant to mention in a trading update, with emphasis on factual numbers, rather than any problems faced.

Either way, happy to continue to hold... and profit ;-)

[hillbrown] 11/12/2015 08:52

Cracking. Up a quid. Probably come off a bit. Very solid hold.

[mad foetus] 01/12/2015 09:07

The best shares usually have the quietest boards. Not must advfn interest in profitable companies that quietly get on with it.

[corlis] 01/12/2015 07:40

This bb is very quiet for a share that looks like its doing ok.

[arcadian] 04/11/2015 13:33

Ironic in that Liberum seemed to be the catalyst for the present sell off.

[cockneyrebel] 03/11/2015 11:33

*LIBERUM RAISES BELLWAY PRICE TARGET TO 2,906 (2,675) PENCE - 'BUY'

[cockneyrebel] 02/11/2015 08:19

*JPMORGAN RAISES BELLWAY PRICE TARGET TO 3050 (2575) PENCE - 'OVERWEIGHT'

[cockneyrebel] 24/10/2015 11:33

New closing high last night.

CR

[dolores123] 19/10/2015 10:55

Looking good today.

[dolores123] 14/10/2015 10:08

PE only 10.5 and IC said BUY!

[arcadian] 13/10/2015 21:37

If she had she should be happy with today`s figures.

Maybe Mrs Pidgeley reads this board and will now be spending the dosh on BWY in response to Arcadians' signal. ;-)

[dr_smith] 13/10/2015 10:17

All looks rosey.
I am curious about the proportion of contractors/sub-contractors to employees.

In terms of competing and endeavoring to be better and more cost effective, that is usually done by investing in staff, which they are doing.

But contract staff are presumably the same cost across the industry, that is, contractors will be paid the same as as other builders pay them (regional differences aside).

If 10% more houses means 10% more contract staff, in a market where labour is short, that implies paying more for the extra contract staff..and existing contract staff will hear about it and want more too.

So I would be interested to know what percentage of labour are contracted.

[ygor706] 13/10/2015 07:48

Another good set of results plus positive statement on outlook. Hopefully the share price should make progress from here.

[ygor706] 13/10/2015 07:45

Another good set of results plus positive statement on

[arcadian] 10/9/2015 14:07

There was a 50000 NT "purchase" this morning some time after the opening.

[cockneyrebel] 10/9/2015 12:37

Breaking out to all time highs.

CR

[cockneyrebel] 07/8/2015 09:05

All time high hit this morning.

CR

[leeson31] 07/8/2015 07:18

* A substantial forward order book comprising 4,568 homes (2014 - 4,363
homes) with a value of GBP1,087.9 million (2014 - GBP924.3 million).