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VTY Vistry Group Plc

1,287.00
62.00 (5.06%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vistry Group Plc LSE:VTY London Ordinary Share GB0001859296 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  62.00 5.06% 1,287.00 1,327,107 16:35:10
Bid Price Offer Price High Price Low Price Open Price
1,282.00 1,285.00 1,286.00 1,232.00 1,232.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 3.56B 223.4M 0.6462 19.85 4.44B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:22 O 152,741 1,268.90 GBX

Vistry (VTY) Latest News (1)

Vistry (VTY) Discussions and Chat

Vistry Forums and Chat

Date Time Title Posts
05/5/202413:34Vistry Group - the UK housebuilder1,444
02/10/202016:21dividend3

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Vistry (VTY) Top Chat Posts

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Posted at 06/5/2024 09:20 by Vistry Daily Update
Vistry Group Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker VTY. The last closing price for Vistry was 1,225p.
Vistry currently has 345,726,600 shares in issue. The market capitalisation of Vistry is £4,435,672,278.
Vistry has a price to earnings ratio (PE ratio) of 19.85.
This morning VTY shares opened at 1,232p
Posted at 05/5/2024 13:34 by plunger2
I'm with Our Haven too. I think it's SD and BB from here.
If the idea is to achieve a US type model avoiding land banks (and some cyclicality) that's the way to go.
It's possible the share price could be very healthy if the market embraces a completely new approach. And Greg forking out in the high £11s suggests he expects it to go a lot higher. In time. Very happy to do without regular divis if it happens.

GLA
Posted at 04/5/2024 12:28 by our haven
Garycook. I agree that it would be the right decision for the shareholders, but I fear that they will just carry on with the buybacks knowing that most shareholders will be happy with the share price rise.Outside chance of a special I guess.
Posted at 14/3/2024 14:35 by kalai1
Vistry Group posted impressive FY23 finals this morning confirming that the Group has established itself as the country’s leading Partnerships business. The resilience of the Group's unique Partnerships model was clearly demonstrated delivering a total of 16,118 new homes in 2023, down only 5.4% on the proforma prior year and highlighting the outperformance of VTY relative to the other UK homebuilders. Revenue was up 29.8% to £4,042.1m on an adjusted basis or up 28.6% to £3,564.2m on a reported basis. Reported PBT was up 23.2% to £304.8m while basic EPS dipped 25.3% to 64.6p. The outlook provided for FY24 was also solid with the Group on track to deliver strong growth in completions in 2024, targeting in excess of 17,500 units. This solid expansion is underpinned by a forward sales position totalling £4.6bn, of which £2.1bn is for delivery this year. Valuation is decent with forward PE ratio at 12.4x average for the sector. The balance sheet is solid with net debt at just £88.8m and the share price has positive momentum. BUY...

...from WealthOracle
Posted at 14/3/2024 08:03 by t-trader
Agree Gary,

We have seen significant growth in the share price over the past 9 months. This is by far the best performance across the sector so although no dividend is disappointing, the growth more than compensates.

Plus a buy back should continue to support the share price.
Posted at 26/2/2024 12:45 by jonwig
From this morning's IC email:

Share prices for the UK’s biggest listed householders clicked into reverse this morning after it emerged that the Competition and Markets Authority (CMA) was looking into suspected price collusion in the industry. Sarah Cardell, chief executive of the CMA, said that the watchdog’s housebuilding market study, ongoing for the past year, has prompted “a new investigation into the suspected sharing of commercially sensitive information by housebuilders which could be influencing the build-out of sites and the prices of new homes”. The report will doubtless have political ramifications given the UK’s persistent shortfall in new-build housing numbers, but it could also conceivably weigh on investor sentiment towards the sector until further clarity is provided. Taylor Wimpey (TW.) and Persimmon (PSN) shares were worst affected this morning, falling 3.5 per cent each. The CMA believes that “a substantial intervention in the housebuilding market is necessary” to alleviate the problems outlined in the study.

VTY will have historic issues, but the current partnership model won't apply.
Posted at 18/1/2024 22:56 by svend2
Vistry CEO's Share Sale: Potential Explanations and Questions

The news of Vistry CEO's sudden and substantial share sale, particularly given his close association with Baker Estates Ltd and Fitzgerald, is indeed noteworthy and warrants further investigation. While the specific reasons behind the move remain unclear, here are some potential explanations and questions to consider:

Possible Explanations:

Profit-taking: After a strong period of share price growth, the CEO might be taking advantage of high valuations to cash in on a portion of his holdings. This could be for personal financial reasons, such as diversifying his investment portfolio or meeting upcoming liquidity needs.
Portfolio rebalancing: The CEO might be adjusting his overall investment strategy and reducing his exposure to the housing market, potentially due to concerns about future market conditions or a desire to diversify into other sectors.
Tax planning: The sale could be part of a tax-planning strategy, such as capital gains harvesting or mitigating future tax liabilities.
Internal restructuring: There could be internal changes within Vistry or Baker Estates Ltd that are prompting the CEO to reduce his stake. This could involve mergers, acquisitions, or changes in ownership structure.
Personal reasons: The CEO might have personal reasons unrelated to the company, such as family circumstances or health issues, that necessitate selling some of his shares.
Questions for Further Investigation:

Specific details of the sale: Was the sale through a block trade or open market transaction? Are there any details about the buyer or the price per share?
CEO's past statements: Has the CEO previously made any public statements about his long-term commitment to Vistry or his shareholding intentions?
Company performance: How has Vistry been performing recently? Are there any concerns about the company's future prospects?
Market conditions: Is there anything noteworthy about the current state of the housing market or the broader stock market that might be influencing the decision?
Company statement: Has Vistry issued any official statement regarding the CEO's share sale? If not, is there any plan to do so?
Additional Points:

The size and sudden nature of the sale, coupled with the CEO's position, naturally raise questions and warrant further investigation.
Without more information, it is difficult to assess the true motivations behind the sale and its potential impact on Vistry or the housing market.
Investors should carefully consider the available information and conduct their due diligence before making any investment decisions.
It's important to note that these are just potential explanations and questions based on the limited information available. To gain a clearer understanding of the situation, it's crucial to seek out further details and official statements from Vistry and the CEO.

I hope this information provides a helpful starting point for our investigations. Please let me know.
Posted at 14/11/2023 18:29 by wad collector
Dunno who gave you thumbs down for that!

Capital allocation - targeting £1bn of total shareholder distributions over the next three years

· The revised strategy and sole focus on partnerships is expected to result in a significant release of capital as assets from the Housebuilding division are redeployed into Partnerships and the Group adopts a model of pre-selling an average of c. 65% of plots across the business

· Maintaining a strong balance sheet with the return to a year end net cash position in FY24 and the elimination of average net debt in the medium term is a key priority

· The Group will invest in the Partnership land bank to deliver growth in line with its strategy and medium-term targets

· The Board intends to pursue a two times adjusted earnings ordinary distribution cover in respect of a full financial year, with such distributions made through either dividends or share buybacks (the "ordinary distribution")

· Recognising that the current share price significantly undervalues the Group, it is intended that the ordinary distribution in respect of the 2023 financial year will be made through share buybacks in lieu of any dividend, and the Group is today announcing its intention to launch an initial ordinary share buyback programme of up to £55m which is expected to commence in November 2023 and be completed ahead of the announcement of the Group's Full Year results in March 2024

· Any surplus capital following investment in the business to support the Partnerships growth strategy and the ordinary distribution, would be expected to be returned to shareholders through either a further share buyback or special dividend, with the method of capital return to be determined by the Board considering all relevant factors at the time

· The Group is targeting £1bn of shareholder distributions over the next three years including the ordinary distribution alongside the elimination of net debt
Posted at 11/9/2023 16:41 by t-trader
Sikh is about as clueless as they come!!!

He should focus on his own shares such as TLY which has lost more than 2/3rds of its value this year. He fails to mention how much he has lost there despite his endless ramping of it.

Yet he spends his time focusing on house builders which he doesn’t own and puts out endless desperate attempts to talk the share prices down. So far his desperate de-ramping has yielded great results for my house builder purchases, so keep it up please while i bag more dividends and share price appreciation :)
Posted at 08/9/2023 13:00 by essentialinvestor
Vistry is nearly 60% Above last autumn's plunge low. Sik, worth reading that sentence.

The VTY share price cycle low looks in - barring something significantly adverse with
Countrywide integration. Routine sell offs will still happen, particularly if wider equity markets weaken
and they can be sharp, but back near £5, looks very unlikely.
Posted at 01/3/2023 09:56 by careful
House prices down about 1% in a year so the VTY share price falls.

They cannot even measure house prices that accurately, they have tripled over the last 20 years and they quote stupid numbers such as 1%.
I suspect that houses are not selling at the asking prices, transactions are down and many people give in rather than sell at a realistic price.

House prices have been stupidly overpriced by any measure.
In recent years they halved in Spain and collapsed in Northern Ireland.

Because of heavy government tax subsidies, housing benefit, shortages, zero capital gains for our prime residential property, and other benefits, house prices in the UK seem immune from realistic market forces.

so the industry makes a fuss of a 1% fall...wake me up when it hits 20%....look at the share price of my VTY shares.
that is what I call a fall in price.
Vistry share price data is direct from the London Stock Exchange

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