Bellway Share Discussion Threads

[luderitz] 08/11/2021 10:22

What was the gist WM please?

[weemonkey] 08/11/2021 08:01

Write up in FT over weekend which spelled out thesis for recent heavy director buying.

NTAV of 1.21. So there is value here too.

[cerrito] 25/10/2021 17:42

Good to see a director digging into his leans for £q00k to buy shares.

[undervaluedassets] 19/10/2021 11:35

Very decent results I thought.

[cerrito] 19/10/2021 07:47

Pretty gutsy comment by the Chairman for cumulative underlying Pretax profit over next 2 years to be £1.25b.Also growth targets.
At the same time CEO says that because of supply constraints production in this current semester starting August 1 2021 will be the same as the semester starting August 1 2020.

[cerrito] 10/8/2021 12:20

Interesting to compare some of the figures given today and those on June 6.
Net cash has decreased from £408k to £330k in the period perhaps partially explained by increase in plots contracted from 15982 to 19819. I see that the order book has increased from £1889m to £2022m.

[riverman77] 16/6/2021 14:58

I think it's a combination of rising costs (materials and labour) and the end of stamp duty holiday, and the impact this could have on volumes given that lots of purchases been brought forward. I would personally wait to fall a bit more before considering. I see better value and less risk in land developers such as Harworth who supply plots to builders - they are not so exposed to rising costs, whilst all the builders have reported making big land purchases so they should be seeing strong demand.

[cerrito] 16/6/2021 14:47

I did not think the TU was that bad to provoke the fall in the share price but not good enough for me to take advantage of the reduced price and buy more.

[undervaluedassets] 28/5/2021 08:34

low price to book. Good land bank

[stpalm] 05/5/2021 01:10

Everyone I talk to says they are having problems sourcing certain items or there has been major price inflation on some moderate on most. I work through a diverse range of industries. Big importers seem doing ok, small business as always is getting its pants pulled down. Everything from availability in country of origin to costs of import/export to availability of shipping containers. I can't believe that this is not going to cause some revenue contraction in real terms. But the flip side is that if people can't get the things they want they invest some in the markets. we all know through the qe there is a lot of cash floating about at the moment but that will change. Even if you form an opinion about the current situation when furlough ends I think we will have to re-assess. I don't have many of these but most house builders charts look very similar. I didn't do much due diligence but stockopedia makes it easy so I bought a few of each. Looking good but feel like a trim in case of a variant flare up. Interesting times. GLA

[cerrito] 30/4/2021 13:00

As a BWY shareholder, I was interested to read the following in the FT

and for those with difficulty accessing the FT see

This concerns the shortage of materials.
I listened to the webinar of the interims back in March and at that time the CEO was pretty relaxed though he did cite timber and tiles.
I do not know if the situation has got worse since then.
Not clear to me how much their margins suffer from such price increases and how much is picked up by their sub contractors.
I went to the risks section in the last AR and on page 38 see that the following was cited as the third biggest risk which at the time of writing was unchanged from the year before.
Any views anyone??
Of course if there are serious shortages that will delay final construction and good that BWY has a strong and liquid balance sheet so can take that in its stride.

[cerrito] 30/4/2021 10:07

wrong thread, sorry

[davr0s] 10/4/2021 19:48

Yep so far it is doing just fine. There'll be pullbacks along the way. As long as they are not too deep I'll leave it running

[itisonlymoney] 24/3/2021 11:28

ok. good luck, i hope it does.

[davr0s] 24/3/2021 10:14

News day = noise day. No point trying to read every tick up and down. If it can broadly hold these levels in the coming days after such a strong move I'll be quite happy

[itisonlymoney] 24/3/2021 10:07

why the drop. divi reinstated, I thought it would go up. were ppl expecting better results?

[ygor705] 24/3/2021 07:23

Solid numbers here and restoration of the dividend. Recovery looks to be well underway.

[undervaluedassets] 04/3/2021 07:38

The government is going to incentivise home construction in the UK, isn't it.

It is the only game in town.

In for a few

[value hound] 19/2/2021 11:13

Bellway second on this list, interestingly;

hxxps://www.serenitystocks.com/screener?field_grahamnumber_value=0&field_ncav_net_net__value=0&keys=&field_issuetype_value=All&field_exchange_value%5B%5D=L

- there's certainly not much at all in today's price beyond current assets less all liabilities of c.£23.50 / share, with a further 80p in non current assets

[ntv] 10/2/2021 19:56

I thought Bellway already set aside nearly £50m to sort out cladding problems. Have they got to set aside more monies?

[stevenrevell] 10/2/2021 17:10

Quiet today what happened

[sphere25] 09/2/2021 13:34

This is an interesting one with the price currently at 3122p. Intraday chart not only flatlining (can make for the best trades), but also at a breakout point on the wider chart.

Intraday breakout of the flatline chart and break of 3140p could translate into a momentum upside breakout on the wider chart.

All imo
DYOR

UPDATE:

Price didn't clear the first step of breaking out of the intraday range and closed at 3120p so no breakout follow through the next day.

[1crackupboom] 26/12/2020 16:49

New help to buy will kill the builders. Max 410k loans and 1st time buyers only. All the 2nd steppers paying 500k for houses in shires using 100k htb loan will stop. Prices will have to fall 20pc overnight for them to continue selling at same rate. More than 50pc of larger houses sold with this loan to 2nd steppers. Game Over.

[king_baller] 23/12/2020 22:49

Good news re Brexit. Bellway can finally kick on. BWY and Redrow are the stand out housebuilders. All time highs are not unrealistic in the next few weeks. Happy Christmas holders!

[saucepan] 06/12/2020 10:51

A good write-up in this weekend's Investors Chronicle. BWY its main 'Buy' tip of the week.