Bellway Share Discussion Threads

[wad collector] 24/11/2024 10:13

XD 38p this week.

[no dice] 31/10/2024 15:04

Gilt yields on fire today which will put upwards pressure on mortgage rates, hence BWY taking a beating. Will the Labour budget unintentionally detonate the housing market?

[wad collector] 15/10/2024 17:24

Prelims have taken Bellway to a 3 yr high. Despite profit fall.

[kreature] 30/8/2024 13:45

Perhaps Vistry need to hire a company to post fake positive reviews all day long ?

Vistry half year results 5th Sept
Redrow results 11th Sept

[wad collector] 30/8/2024 07:25

If you are using trustpilot as your metric then they score average 3.9 from 5,593 total reviews.
Whilst taylor wimpey score 4.0 barratt 4.4 persimmon 4.5

Linden Homes 600 reviews 2.6
Bovis Homes Group •384 reviews 1.9
Countrysidepartnerships 821 reviews 2.2

So if you think this is a valid metric then Beazley sit somewhere in the middle.

The newest reviews for Vistry are much more negative, but the weakness of using Trustpilot is that it generally attracts people who feel strongly , which in the case of buying the largest purchase of your life is likely to be emotive. If you are quietly happy with your house you are probably not going to bother posting. A cross-sectional survey like Which do is about as close as you can get to a true customer satisfaction metric.
Wouldn't want to work in a housebuilders complaint dept.

[wad collector] 28/8/2024 14:48

I wonder how unusual the issues are at that site, looks like some vociferous complainers and a receptive bbc in quiet news day.
Show me a snag free house.

[davemac3] 28/8/2024 13:38

getting some bad press today due to poor construction and multiple snagging issues at Cambridgeshire site

[louis brandeis] 13/8/2024 12:39

So glad they have pulled out. I guess that they might and bought in on anticipation.

[kreature] 29/6/2024 09:28

Bellway Reviews

FAKE FREEHOLDS ?

Read the TP1 Land Registry document

Read the Covenants in the TP1

Read of the uncapped unregulated management fees for so called ‘freehold’ houses.



Then RUN. In my personal opinion only.

[thornintheside] 09/6/2024 22:17

They put a brave face on it, but Friday's update was grim, especially since the only bright spot seems to be increasing buyer interest due to supposed rate cuts. The bank of england is likely to keep them unchanged this month according to most bets.

Halving the dividend when the business has now got net debt of £57m points augurs badly for the future. After the last 12 months the business has £100m less cash. What are the odds they cancel it completely in six months? I would say better than even.

[t-trader] 07/6/2024 07:45

Encouraging update

[purplepelmets] 07/6/2024 07:11

Should jump like a scolded cat on this upbeat news

[kreature] 26/2/2024 15:34

Good of them to catch up a bit

26th Feb
‘ CMA finds fundamental concerns in housebuilding market’
‘ Concerns around estate management charges ‘

[kreature] 23/2/2024 14:49

Should I listen to this?

MP :
“The large property developers…..are scamming people from the start”

[kreature] 10/2/2024 00:03

Personally I don’t see any real value in the houses due to a possibly uncapped unregulated management ‘Estate Charge’ in the so called freehold? Also in the TP1 are ‘Estate Regulations’ which must be complied with and which are subject to change ‘from time to time’.

Quote from TP1: ‘ At all times to comply with and observe the Estate Regulations’

Freehold is supposed to mean free from any hold. But it’s certainly not free from hold on the new build estates imo. I don’t see how anyone would want to buy such a house if say an uncapped Estate Charge quadrupled.

As a buyer, looks to me like you have to become a ‘member’ of ‘The Management Company’, so if you want to complain via the courts about anything, looks to me like you basically have to pay to complain about yourself ?

For the above reasons I believe this is a SELL.

Dear oh dear

[cerrito] 09/2/2024 08:00

Customer confidence continued to improve which led to a lower cancellation rate of 16% (2023 - 20%) for the whole of the first half and a reduction to a normalised level of around 13% during January 2024

The above was one of several that suggests that things improved in January

[kreature] 09/2/2024 07:33

‘ The Group has delivered housing revenue of over £1.25 billion (2023 - £1,804.9 million), in line with the Board's expectations.

Total housing completions reduced by 28.1% to 4,092 homes (2023 - 5,695), with the decline reflecting the generally weaker trading conditions experienced since late summer 2022 and the lower order book at 1 August 2023.’

[kreature] 09/2/2024 07:23

‘ net cash at 31 January 2024 was £77 million4 (2023 - £292.5 million). ‘

292 down to 77 in 12 months ?

[philanderer] 18/12/2023 10:12

UBS raises Bellway price target to 2,980 (2,530) pence - 'buy'

[philanderer] 13/11/2023 10:54

Jefferies raises Bellway price target to 2,827 (2,779) pence - 'buy'

[philanderer] 27/10/2023 15:44

Berenberg cuts Bellway price target to 2,300 (2,500) pence - 'hold'