Bellway Share Discussion Threads

[silverlining] 28/6/2004 22:20

Anyone here?...
Care to comment on the sudden rally in BWY?
I thought the housing boom was supposed to be history, perhaps it's time to get bck on board.

[soysoy] 31/5/2004 15:43

SHARES in housebuilder Bellway may have hit an all-time high in its 26th year since it went public, but AAA-rated fund manager* Ashton Bradbury is so confident of further outperformance that he has been secretly adding to his stake.




Today's City News
• M&S launches share deals probe
• Fines blunder nets taxman £25m
• Sunday newspaper share tips
• £150m bonanza for Shell auditors
• M&S: Can Green save the group?
• A to Z of the Sunday newspapers





The share price has risen from 200p in 2000 to 827p earlier this year, though it closed on Friday at 755p.The performance is typical of the sector, which has had two particularly strong years.



In the same period, Bellway, which specialises in redeveloping brownfield sites, has increased its pre-tax profits from £67m to a projected £195m this year.


It boasts record order books, a massive land bank, low debt and increasing margins as well as a forward price/earnings ratio of only 6.37, falling to 5.77 next year.



It is significant that Bradbury is still buying when some might fear that the good news is already reflected in the price. He first invested in 2001 and made his most recent purchase this month. His Old Mutual* UK Select Mid Cap fund now controls 550,000 shares, or 0.49% of the £858m company.



Other shrewd backers include A-rated Tim Steer, who holds 460,000 shares in the New Star UK Aggressive fund, and A-rated Carl Stick. His Rathbone Income fund holds 375,000 shares.



No doubt he is attracted by the well-covered 3.05% yield* based on a forecast dividend* of 23.5p, up 17.5% on last year.

Let a friend read this article


©2004 Associated Newspapers Ltd. All rights reserved.

[soysoy] 01/5/2004 20:54

Can any shareholders of mayflower please contact me?

I HAVE STARTED A SHAREHOLDER ACTION GROUP. WE NEED AS MANY SHAREHOLDERS TO REGISTER ON THE WEBSITE. I AM TRYING TO GET ENOUGH MEMBERS, SO WE GO TO THE DTI AND CALL FOR FULL PUBLIC ENQUIRY INTO THE FALL OF THIS COMPANY.

PLEASE LOG ON AND TELL EVERYONE ABOUT THIS WEB SITE.

WE HAVE THE SUPPORT OF 20 MILLION SHARES, WHICH IS ABOUT 5% OF THE COMPANY. IF WE GET ENOUGH SUPPORT FOR THE PUBLIC ENQUIRY,
THERE IS FAIR CHANCE THAT SOME OF YOU MIGHT GET SOME MONEY BACK.

BB
new action group

WEB SITE
new action group

[sandbank] 16/4/2004 12:00

By the look of it shares in all the housebuilders are going down quite steeply. The reason? The property boom has just ended. Look at the classifieds - awash with properties for sale. Look ath the prices - they're topping off and sensible sellers are locking in deals below asking price. Housebuilders though have been reckoning on banking fat profits on the back of current developments - now they'll have to scale back. Those profits will disappear like snow in sunlight.

[soysoy] 10/4/2004 10:43

how strange

[richard xi] 10/4/2004 10:23

On page M14 of today's FT, the paper reports that Bellway hit its year high on Thursday.

On page M16 it shows the share price increased by 17.5p to end at 827p, its high for the year.

On page M22 its hacks put together a column called Stars & Dogs - identifying three stars and three dogs. Bellway is one of the dogs. A hack writes: "Shares in Bellway have falled from a 2004 high of 825.5p... It (sic) slipped to 822p this week after a concerted wave of profit-taking... Bellway's shares could be signalling that the impressive run for the building sector is coming to and end."

So now you know. But who's the dog? Elsewhere we learn that sales of the FT are down 5% on last year.

[whynot] 06/4/2004 08:43

Absolutely cracking results...
LONDON (AFX) - Bellway PLC announced a 50 pct increase in its dividend after
its half-year results rose 35.6 pct, comfortably beating market forecasts.
The housebuilder'spretax profits rose to 77.4 mln stg in the six months to
Jan 31 from 57.1 mln last year, well above market forecasts which ranged from
67.5-71 mln stg.
The company celebrated the strong performance with a rise in its dividend
payout to 9.3 pencefrom 6.2 and said it expects record results for the full
year.
It said it expects to recommend an increase in the total dividend for the
year of around 20 pct.
Sales grew to 436.5 mln stg from 362.2 mln and EPS rose 34.6 pct to 47.9
pence.The operating margin improved to 18.5 pct from 16.5.
The number of homes sold rose to 2,728 in the period from 2,470 and the
average selling price was 156,900 stg, up from 144,500.
The company's land bank expanded to 19,600 plots from 17,800.
Bellway said market conditions remain buoyant despite the recent increases
in interest rates. To date, it has reserved 1,000 more homes than at the same
time last year, and it has reserved, contracted or legally completed 98 pct of
this year'starget compared to 92 pct last year.
The forward order book for this and the next financial year currently stands
at 631 mln stg, an increase of 25 pct.
According to chairman Howard Dawe: "2004 is set to be an historic year for
Bellway". Headded that the group is on track to deliver its 13th year of
uninterrupted organic volume growth.
He said the housebuilder's continued focus on the middle market, combined
with its urban regeneration skills and geographical spread should help itachieve its
target of selling 10,000 homes a year by 2010.
Bellway said the recent Barker Report into housing supply should have a
positive long-term effect on the industry.

[soysoy] 31/3/2004 07:25

should be good results

[p-m] 29/3/2004 23:19

just the 11,000 new homes then.... that should help the balance sheet

[p-m] 26/3/2004 00:04

fret not up diddly up...

[soysoy] 24/3/2004 20:57

results 6 th april 2004

[soysoy] 24/3/2004 20:56

14 Oct 2003 Final GBP 13.80 31-Jul-02 31-Jul-03 10-Dec-03 12-Dec-03 19-Jan-04 20.00
10 Apr 2003 Interim GBP 6.20 31-Jul-02 31-Jan-03 04-Jun-03 06-Jun-03 01-Jul-03 0.00
15 Oct 2002 Final GBP 11.20 31-Jul-01 31-Jul-02 11-Dec-02 13-Dec-02 13-Jan-03 15.75
10 Apr 2002 Interim GBP 4.55 31-Jul-01 31-Jan-02 05-Jun-02 07-Jun-02 01-Jul-02 0.00
16 Oct 2001 Final GBP 10.10 31-Jul-00 31-Jul-01 12-Dec-01 14-Dec-01 14-Jan-02 14.20
04 Apr 2001 Interim GBP 4.10 31-Jul-00 31-Jan-01 06-Jun-01 08-Jun-01 02-Jul-01 0.00
17 Oct 2000 Final GBP 8.80 31-Jul-99 31-Jul-00 11-Dec-00 15-Dec-00 15-Jan-01 12.40
12 Apr 2000 Interim GBP 3.60 31-Jul-99 31-Jan-00 05-Jun-00 09-Jun-00 01-Jul-00 0.00
19 Oct 1999 Final GBP 7.95 31-Jul-98 31-Jul-99 13-Dec-99 17-Dec-99 17-Jan-00 11.25
20 Oct 1998 Final GBP 7.20 31-Jul-97 31-Jul-98 14-Dec-98 18-Dec-98 18-Jan-99 10.20

[soysoy] 27/2/2004 21:06

but ever since the it gone up

[soysoy] 04/2/2004 17:54

DONT ASK ME WHY THE SHARES GONE DOWN TODAY

[soysoy] 04/2/2004 17:53

http://ww

w.bellway.co.uk/

[soysoy] 04/2/2004 17:48

LONDON (AFX) - Bellway PLC said current trading is strong, adding that full
year results to end July should exceed market expectations.
"The number of homes sold in the six months has grown by 10.4 pct to 2,728
from 2,470 last year," Bellway said.
The average sales price of these homes will be around 154,000 stg, an
increase of 6.5 pct over the same period last year, it added.
"The group is continuing to progress towards a more balanced trading
position between the first and second six month periods," the housebuilder said.
"Current trading remains strong across all areas of the operation with over
86 pct of the current year's sales target having already been secured. The
forward order book stands at 542 mln stg, 17.5 pct ahead of the same time last
year."

[soysoy] 02/2/2004 20:34

Number of shares / amount of stock acquired filderlty bought

1,044,875

it will on wednesday

[keane16] 18/1/2004 22:45

Don't get why this share hasn't risen.

Anyone got a reasonable explanation?

[soysoy] 17/1/2004 13:41

Bellway foundations underpin housebuilding
By Philip Aldrick (Filed: 17/01/2004)


Housebuilder Bellway knocked housing market concerns on the head with a confident trading update yesterday that buoyed the entire sector.

Chairman Howard Dawe told shareholders at the annual meeting: "The board is very confident that our current financial year results should be a record for the eighth year in succession."

He added that reservations since August "have exceeded last year's level in both value and number". The company's forward order book in August was at a record high. The statement lifted other housebuilder stocks such as Persimmon, up 8 to 539.5p, and George Wimpey, up 3.5 at 361.5p. Bellway lost 6.5 to 665p on what was considered some profit-taking.

"They are obviously pretty confident," Mark Howson, housebuilding analyst at ABN Amro, said. He added that recent share purchases by directors had reassured investors that expected interest rate rises would not damage the sector's prospects. John Watson, the chief executive, has bought 10,000 shares in the past two weeks.

25 October 2003: Housebuilders lay foundations for bid speculation
15 October 2003: Bellway denies takeover approach

[soysoy] 24/11/2003 19:45

some good rise latley

[sjgadvfn] 05/11/2003 11:37

Soysoy

Legal and General and Fidelity certainly support your view as they have both purchased further stakes over the last week.

[soysoy] 05/11/2003 10:50

LONDON (Dow Jones)--U.K. house prices continued to rise in October, increasing by 1.2% on the month and by 16.7% on the year, Halifax said Wednesday in its monthly house price survey.



The 25-basis-point Bank of England interest rate increase expected in November isn't likely to damp the housing market, as it would "add aproximately GBP4 a week to a typical GBP80,000 mortgage, a figure that the majority of homeowners can easily absorb," Halifax said.




(MORE) Dow Jones Newswires



05-11-03 0812GMT