For me reassuring.
I note his comments about the gradual improvement of the availability of materials and the CEo and Andrew Bailey appear to be living in different worlds. |
Excellent results |
A friend recently bought a new "freehold" prop
only to find a clause in contract requiring him to get
consent to change mortgage lender at a
cost of nearly 300quid then the present lender started asking questions
unfinished roads,
check out "first port" on trust pilot
these clauses have been highlighted in the press recently |
Just let you all know I was SOYSOY who started this thread it was 4.50 Share in 2004 and sold at 9 pound .6 months later I think .
I should of just have hold on to tem .
You live and learn.
My email was freeserve so I can't log in change any header .
I have recently just bought some so let's see if if can be a 10 bagger again |
tom
house industry will never demise |
The price is already very low buywell. People were saying the same thing when BP was under £2 and RSDB was under £9. "The price is low, so it must go lower." It turned out that oil wasn't ducked because everyone has to use it all the time. Everyone lives in a house too so the permanent demise of the housebuilding industry is unlikely. BP survived an oil crash to -$20. Bellway survived the last house crash with a 5% drawdown in tangible book value, yet now trades at a 25% discount to tangible book. |
Property bust in prospect ---
imo it's wot gets the blame
Shareholders that neglect
Always feel the pain |
Not much wrong with that update |
Vistry is up 7.6% so far
BWY goes ex div tomorrow.
45p dividend |
screaming buy |
buyWell..........ington boots. :) |
Financials now stand on an edge of sorts
Builders need to provide piles of supports
All UK ones are now showing weak foundations
buywell expects that to spread to many nations |
Might top up, remember buy low sell high |
I don't think Bellway built many high rise apartments so should not be affected like other companies |
V other FTSE100 stocks this confirms a deteriorating picture of UK Housebuilders in the face of rampant inflation now forecast for the rest of 2022 and now forecast to last for years
buywell was helped long ago by Mr Ashley James so here is a heads up on the above chart/sector
This is what Mr Market thinks
FTNMX501010 --- FTSE 350 Construction & Building Materials Technical Analysis
Summary:
STRONG SELL
Moving Averages: STRONG SELL --------- Buy(2) Sell (10)
Technical Indicators:STRONG SELL ----- Buy(0) Sell (10)
Do you rampers really think you know more than Mr Market ?
buywell lets it be a guide to decision making and suggests you do too
Very very occasionaly does Mr Market make mistakes , and when it does it is usually on single small cap stocks --- this from many many years of watching and waiting.
Mr Market does NOT make mistakes regarding FTSE100 or very BIG Cap listed companies
dyor |
Excerpt from an article in Housing Today last week:
"Bellway, in common with the other signatories, confirmed it will remediate tower blocks over 18m in height it had developed over the past 30 years, without using money from the government’s Building Safety Fund. It said it has estimated the extra cost of doing this work to be £300m, on top of £186.8m already set aside for remediation since 2017.”
Bellway, in today’s statement said its “robust” £300m estimate assumes the housebuilder incurs the whole cost of remediation. However it added:” The group has already recognised total recoveries of £29.7 million since 2017 and will continue to pursue further recoveries from suppliers, subcontractors, professional advisors and others, where they have a liability, although we note that these are likely to be unavailable where contractual limitation periods have expired.”" |
As a BWY holder I was interested to see in the FT a couple of days back that an article showing the cladding provisions made by the leading builders and that the £480m provision made by Bellway was the highest in the sector...even larger than that of Barratt and almost double that of TW. |
jurgenklopp
I have no idea what PCA means-Personal Care Assistant???, I was not sure if she was wife or daughter but still of course good news and congrats to those who bought last week |
Another director bought £50k |
Wife of Chairman just bought £500k worth of shares.
Tremendous show of faith. |
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