Bellway Share Discussion Threads

[glaws2] 29/3/2016 11:04

sharestobuy

1/7 and 19/5 respectively

[sharestobuy] 29/3/2016 10:43

When is bellways dividend pay date? Does anyone know what date you have to be on the company register in order to receive the dividend? Thanks

[steeplejack] 23/3/2016 23:01

Bellway's shares gained on Tuesday as Canaccord Genuity reiterated its 'buy' rating and 3,390p target price after the housebuilder's first half profits beat expectations.

In the six months to the end of January, pre-tax profit rose 42.6% to £226.6m, beating Canaccord's forecast of £216m.

Revenue rose 30.5% to £1.08bn as the number of homes sold was increased 11.6% to 4,188 compared with 3,754 the year before, while the average selling price increased 17.3% to £257,280.

Earnings per share came in at 148.7p from 103.5p in the same period a year ago and the company lifted its interim dividend 36% to 34p per share.

The interim dividend was raised 36% to 34.0p.

Bellway said the outlook was positive and housing completions for the full year are expected to increase by at least 10%, as is the average selling price. The operating margin, meanwhile, should approach 22% for the full year.

"We would expect consensus PBT to move up by around +5% on the back of these results. Reassuring set of results and outlook comments overall," said Canaccord analysts Aynsley Lanmin and Matthew Walker.

[deadly] 22/3/2016 09:54

Yes excellent results.
Now wait for Taffee to spout his mad Armageddon stuff.

[1gw] 22/3/2016 07:10

Excellent interim statement as far as I can see. Good news on margin, ROCE, eps, dividend and debt.

Disposal of Barking Riverside looks reasonable.

Comments on London look positive.

Outlook is good.

[1gw] 18/3/2016 16:49

Heck of a closing auction by the look of things. 858k traded at £24.42.

[steeplejack] 07/3/2016 16:15

Other sites,talking about exposure to Nine Elms but it doesn't fully explain the retreat.Goldmans share price target of £34-85p put out but a month ago.No shorts of any significance that I can see.

[steeplejack] 07/3/2016 15:56

So how low do the technical signals suggest this could go ? £20 ?

[sharestobuy] 04/3/2016 11:02

Thanks for the reply. I'm happy to hold. I bought in at the 24.00 level so broken even now but I do feel this should be in the 30.00 pound level right now so it's just a matter of time I guess

[steeplejack] 04/3/2016 10:33

I think the referendum is overshadowing the sector,uncertainty etc.Perhaps there's also switching going on,out of the past strong sectors,building,breweries etc into bombed out areas like mining,oils.I'd suggest that there's s bit of shorting as well.When the building sector turns,the movements can be dramatic but the current ratings,PE,PEG and a reasonable yield,all suggest that Bellway,TW etc,remain solid value.Irritating more than concerning.

[sharestobuy] 04/3/2016 09:51

Agreed. I don't understand the recent downtrend here when the company is doing so well. Can anyone explain?

[steeplejack] 04/3/2016 09:34

Broken down through support.Not good.

[steeplejack] 26/2/2016 09:45

Simply posting here because the "new post" isn't possible to access on the other thread.Flirted with breakdown through the 2470 support level but that has now been reinforced.Hopefully,the recovery will now be consolidated.It's been a sector retracement.

[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.