Bellway Share Discussion Threads

[the_equaliser] 07/2/2017 08:35

Bloomberg - PM to advise on easing of house building

[the_equaliser] 07/2/2017 08:24

Latest broker views
Date Broker New target Recomm.
7 Feb Liberum Capital 2,780.00 Buy
2 Feb Citigroup 2,540.00 Neutral
9 Jan Peel Hunt 2,900.00 Hold
4 Jan Deutsche Bank 2,950.00 Hold

[the_equaliser] 07/2/2017 08:13

Just amazing,
Day before BWY 6 months and price falls by 51p
All they had to do is read the last RNS
Additon to this is the new white paper from the goverment
THe shortage in housing
The possible increase in possible 17 villages
what other sector is strong as construction


:(

[the_equaliser] 07/2/2017 07:25

Bellway saw further growth in volume in the six months to the end of January with a 6.5% increase in the number of housing completions to 4,462 (2016 4,188).

The group said it has a substantial forward order book with a value of £1,121 million (2016 £1,027 million), comprising 4,487 homes (2016 4,434).

Other highlights:

- A strong trading performance is expected to result in an operating margin of around 22%

- Significant investment in land with £380 million spent on land and land creditors (2016 £315 million), supporting the Groups ongoing growth strategy

Chief executive Ted Ayres said: "Bellway has delivered another strong half year result, increasing both the number of legal completions and the value of the forward order book.

[the_equaliser] 03/2/2017 12:11

Reading last rns, i can only see good results - i see share price his last 10+ days £26.12

[glaws2] 02/2/2017 15:11

Not just Bellway - Taylor Wimpey as well. I have little sympathy for the articles - they should have talked to their solicitor about it prior to purchase.

[dvb99] 02/2/2017 13:59

Lot of negative publicity for Bellway today, about how they screw customers, buy selling new houses leasehold rather than freehold, then selling the lease on to other investment co's / sharks etcc...

It's not illegal, but very unethical i would say

[sporazene2] 13/12/2016 08:11

A very solid update. Yesterday's drop completely overdone and all bodes well for a year of further growth. Looking forward to the trading update in early February.

[pilgrim] 12/12/2016 20:12

Trading statement tomorrow, 13-Dec, for those who may have missed that.

[glaws2] 28/11/2016 12:54

petercrosby - no you do not have to wait you can sell on the 1st and still receive the dividend. However, note that (theoretically) the share price will be marked down on the 1st by the dividend amount.

[petercrosby] 28/11/2016 11:22

If I want to sell does this mean I have to wait until next Mon if I want to get the DIV? Confused as Ex div date is 1st?

The proposed final dividend, subject to shareholder approval, will
be paid on 11 January 2017 to all ordinary shareholders
on the Register of Members on 2 December 2016.

[arja] 25/10/2016 11:19

deadly - sorry I did not get back to you and forget what it was ! History now as most builders being hammered again and not looking great chartwise . let's hope something will turn them around .

[deadly] 19/10/2016 11:02

Arja: Yes very delayed but now positive reaction, but what "further announcement"?

[arja] 18/10/2016 12:49

deadly - it was the further announcement that dampened it but now recovering .

[hooley] 18/10/2016 11:22

Valued at under 7X last year's eps - up 40% - and a similar increase in dividend, to give a dividend yield of 4.6%. Forecast of growth this year of maybe 20%, taking the earnings multiple to under 6X. Historic divi cover of 3.4 and very modestly geared, gives scope for another big hike in the payment for this year too. Land bank gives a more than generous investment horizon. What's not to like?

[salpara111] 18/10/2016 09:11

yeah, the market appears to have taken a serious dislike to the whole housebuilder sector, no matter, there is great value in pretty much all of the players so I will continue to hold mine and collect the rapidly increasing divi.

[deadly] 18/10/2016 08:31

Great results received like a damp squib.

[deadly] 23/9/2016 08:23

4% rise this morning on no news??

Ah I see; two brokers have suddenly woken up to their attractions and the market reacts in sympathy.

[bigbertie] 15/9/2016 13:52

I'm also a holder. The statement showed a 2% rise in order book on last year, despite a probable lull in buy to let orders. BofE staying with cheap money policy today, and house prices not too silly yet up here in the North, so I expect another good year, even if growth rate slows a bit. Yield about 4% at today's price, which is not bad (though some way behind Galliford which I also hold)
All IMHO. Good luck all.

[shaker44] 25/8/2016 17:32

I guess not much news and not many followers. Excellent trading statement on 5/8 and nothing since that I have seen. I considered selling yesterday as the market seemed due a breather but then I saw 2x£1m purchases and decided to hang on in there

[unabkxb] 25/8/2016 17:19

I'm a new investor here. Why no posts for so long?

[shaker44] 13/7/2016 08:27

Very well done 1gw. you were one of the few I think. But now BWY is oversold to a greater extent than most other builders and looks cheap. So I have doubled my holding....

[1gw] 23/6/2016 12:28

Sold out for now at £27.26. Feels to me like there's a lot of downside potential from a "surprise" leave vote and maybe not so much upside now from the "expected" remain vote.

[steeplejack] 09/6/2016 08:06

The market is mulling the potential negatives over the actual positives as far as housebuilders are concerned.