Bellway Share Discussion Threads

[midas] 02/12/2008 12:50

Bellway are slightly different from many other builders - they are still in profit and 50% of their business is social housing.fall overdone imo, although could still be dragged lower if the FTSE keeps tanking.

[richaims] 02/12/2008 12:43

....in anticipation of an interest rate cut on Thursday?

As before, any bounce will be very short lived IMO. The housing market appears to get worse by the day. Yet another reduction in interest rates, however large, will have no lasting impact. It will just emphasise how bad the situation is.

However, Bellway's interims are I think also due on Thursday and they could of course be better than feared. On the other hand, they could be worse !

Obviously a short term gamble, but over the next few weeks and months I see housebuilders' shares going one way - further down.

[midas] 02/12/2008 12:21

and up 1.8% today

[richaims] 02/12/2008 01:38

Bellway down 3.44% yesterday.

[richaims] 01/12/2008 18:05

Telegraph 01/12/08

"The number of UK mortgage approvals dropped again in October, equalling their lowest low and 72pc down on their peak in 2007, according to the latest figures from the Bank of England."

[richaims] 01/12/2008 18:02

Telegraph 01/12/08

"The number of UK mortgage approvals dropped again in October, equalling their lowest low and 72pc down on their peak in 2007, according to the latest figures from the Bank of England."

[richaims] 28/11/2008 13:09

Telegraph 27/11/08 :-

HOUSE PRICES TO FALL A FURTHER 36 PER CENT ?

"House prices are set to fall a further 36pc over the next two years in what could amount to the worst post-war housing crash, according to the price of contracts being traded on the derivatives market."

"Financial markets are pricing a further 22pc fall in the housing market over the next 12 months, with another 14pc in 2010, before flattening out in 2011.

Figures derived from trades on the HBOS House Price Index show traders are betting on the housing market falling far more over the next two years than the majority of commentators have so far forecast. If the fall is realised it would amount to a halving of house prices from its peak last year to the bottom of the market. The derivatives market also suggests it will take 10 years for prices to return to their current levels...."

[richaims] 27/11/2008 15:51

Bellway is due to announce its Interim Management Statement on Thursday 4th December 2008.

[richaims] 27/11/2008 15:48

Bellway is due to announce its Interim Management Statement on Thursday 4th December 2008.

[richaims] 27/11/2008 14:02

Telegraph

Fall in UK house prices slows, but no recovery yet warns Nationwide



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Worth reading again ?

The Independent 14/11/08 :

"Housing market 'far worse' than figures suggest

Online estate agent says latest figures underestimate fall in prices by two-thirds"



"....Miles Shipside, the commercial director of Rightmove, said: "Estate agents tell us that the actual prices that are being achieved [initially between buyers and sellers] for property are down by about 20 to 25 per cent beneath peak asking prices. That has not come out in the national indices."

His revelation suggests that house prices have not only fallen much further than the highly regarded surveys of Halifax and Nationwide, which both track house prices based on agreed mortgages, but could also be lagging behind the situation on the ground...."

[richaims] 27/11/2008 14:01

Telegraph

Fall in UK house prices slows, but no recovery yet warns Nationwide



--------------------------------------------------------------------

Worth reading again ?

The Independent 14/11/08 :

"Housing market 'far worse' than figures suggest

Online estate agent says latest figures underestimate fall in prices by two-thirds"



"....Miles Shipside, the commercial director of Rightmove, said: "Estate agents tell us that the actual prices that are being achieved [initially between buyers and sellers] for property are down by about 20 to 25 per cent beneath peak asking prices. That has not come out in the national indices."

His revelation suggests that house prices have not only fallen much further than the highly regarded surveys of Halifax and Nationwide, which both track house prices based on agreed mortgages, but could also be lagging behind the situation on the ground...."

[ceckyspunt] 26/11/2008 17:15

jupiter asset management appear to agree

[richaims] 25/11/2008 19:10

Bellway closed down 4.43% today at 490.25p.

[richaims] 21/11/2008 15:41

Guardian 21/11/08 :

Repossessions up by 12%

Borrowers struggle with mortgage repayments

Figure for first three quarters is bigger than whole of 2007

[richaims] 21/11/2008 13:31

Telegraph 21/11/08 :

"Repossessions rise 12 per cent in three months, according to mortgage lenders

A total of 11,300 people had their homes repossessed in the three months to the end of September, up 12 per cent in three months."



"The figure is expected to get worse amid the economic gloom as unemployment rises and house prices plummet."

[richaims] 21/11/2008 13:25

Telegraph 21/11/08 :

"Repossessions rise 12 per cent in three months, according to mortgage lenders

A total of 11,300 people had their homes repossessed in the three months to the end of September, up 12 per cent in three months."



"The figure is expected to get worse amid the economic gloom as unemployment rises and house prices plummet."

[richaims] 21/11/2008 12:56

Times Online November 21, 2008 :

"Home repossessions rise 12% as economy worsens"




Why anyone would buy housebuilders' shares let alone continue to hold them is beyond me.

[richaims] 21/11/2008 12:55

Times Online November 21, 2008 :

"Home repossessions rise 12% as economy worsens"




Why anyone would buy housebuilders' shares let alone continue to hold them is beyond me.

[richaims] 21/11/2008 00:24

The Times November 21, 2008

Mortgage debt forces thousands to sell up

[richaims] 21/11/2008 00:22

The Times November 21, 2008

Mortgage debt forces thousands to sell up

[richaims] 20/11/2008 12:35

The Independent 20/11/08

House-building slumps to record low

[richaims] 20/11/2008 12:30

The Independent 20/11/08

House-building slumps to record low

[richaims] 19/11/2008 23:44

Bellway shares fell a further 6.75% today to 497p (beneath the psychological 500p barrier).

[richaims] 19/11/2008 23:42

Bellway shares fell a further 6.75% today to 497p (beneath the psychological 500p barrier).

[richaims] 18/11/2008 12:00

Telegraph 18/11/08

Barratt Developments, the housebuilder, has warned that more writedowns are likely by the end of this year as house prices maintain their sharp decline.