Bellway Share Discussion Threads

[rogid] 03/8/2007 13:33

Would be nice to see some sustained buying before Tues to endorse the recent directors' buying.

[omalaha] 02/8/2007 12:10

trading update on tuesday... directors buying above todays share price - bar the shrewdie who bought last week - so should be a good one. hope the DOW gymnastics don't spoil it.

[redtelephone] 21/7/2007 09:31

redtelephone - 19 Jul'07 - 14:04 - 842 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

Quick - get into NTA ( Northacre) before the results in August.

redtelephone - 19 Jul'07 - 14:04 - 843 of 843 edit


Price boom for London's luxury homes
Evening Standard
19 July 2007, 9:25am

The value of luxury homes in London has continued to soar despite rising interest rates which have sent a chill through the rest of the housing market.
The Building Societies Association said mortgage approvals in Britain tumbled 22% last month to £4.7bn following five interest rate increases in less than a year.

But upmarket estate agent Savills said 62% of London homes priced at more than £4m in the first half of the year were sold to overseas buyers.

Prices in areas such as Mayfair, Belgravia, Kensington and Chelsea have risen 29% in the past 12 months.

'While interest rates fears and affordability pressures are starting to bite the mainstream housing market, the prime housing market is still being driven by a different set of factors,' said Harriet Black, associate director of residential research at Savills.

Quick - get into NTA ( Northacre) before the results in August.

[omalaha] 09/7/2007 12:23

getting a pasting on the back of an uninspiring BVS update.

[spacecake] 17/6/2007 15:30

I could see some recent buy to let landlords struggling, lots of similar property on the rental market causing over capacity, high rents, then along comes a few rate rises and up goes the for sale sign. Builders and developers hard at it building more and more apartment blocks, where will it all end ???.

Not to mention extra regulation for landlords, HIP packs, 125% mortgages, 50 year mortgages and other stupid ideas of the same etc, etc

Rant over...

[indieman] 14/6/2007 15:54

Director buying can prove a useful guide to company prospects. In other words, it suggests a positive view of company fundamentals. What it can't necessarily do is predict the company share price movement.

[gorse] 14/6/2007 11:47

Directors have bought shares in the past week, including £50k by the FD. Now why did he do that?

[indieman] 06/6/2007 22:36

I really can't see a housing crash happening. A weakening of prices in some parts of the country, yes, but not a major fall in most parts. There's still a major housing shortage.

Buy to let landlords are driving up rents in a desperate effort to make the mortgage sums add up. The more pressure there is on rentals, the more people will be determined to buy themselves rather than renting. This obviously applies only where there is a significant buy to let presence, presumably in major towns and cities and mainly for purpose-built flats.

[bpoole] 06/6/2007 16:31

Well done Indie. I don't think property is the thing to be in at the moment.
Housing market crash on the horizon.

[indieman] 06/6/2007 14:35

and there it goes. The H&S top target has been more than fulfilled and there's no sign of the trend changing for investment purposes.

This is the price I bought in at back in November. Pretty pleased that I sold couple of months ago.

[indieman] 04/6/2007 18:13

The price has now fallen below the 200day EMA which is flattening off and will level out shortly unless something dramatic happens. Given that the 50day EMA is heading down toward it, we can anticipate a drop well below the 1380-ish of the year's low.

[indieman] 20/4/2007 07:15

Yesterday's drop takes us back to 6 month strong support around 1550-1570p. It is very likely that this will hold and the share price will rally but not exceed the recent highs. In this case, we might well have a significant Head & Shoulders pattern on our hands, with an initial price target in the 1350-1400p range.

The whole sector and the property sector are suffering from the likelihood of significantly higher interest rates. Both sectors are notoriously succeptible to this and have held out against it for an unusually long period. The long term average p/e ratio for housebuilders is in the 5-8 range because of the feast or famine nature of the business and reversion to the mean is a frightening prospect. In the case of property companies, the warning signs (high levels of spec building in the City at a time when banks etc are looking to start cutting headcount) are starting to appear.

Be careful.

[indieman] 19/4/2007 08:42

The shareprice is supported more by takeover/merger hopes than by actual company performance. It follows that the price is likely to be more volatile than when people invest for company performance. Hot money follows hot rumours.

[maiseymouse] 19/4/2007 07:02

poor old bellway is rewarded for a rock solid performance with a downgrade at abn

[maiseymouse] 18/4/2007 07:04

a chunky price increase from merrill this morning

[indieman] 17/4/2007 17:35

I am pretty sure that Bellway major in building houses at the more affordable end of the housing market. Whether this translates into absolute or relative cheapness, I don't know. Much probably depends on the specific market in your area and the cost of the land + site preparation.

Our (deceased) next door neighbour's small bungalow was bought up by and demolished by a local property developer in order to put up 2 pretty expensive houses on a 2+ acre plot. This was dictated by site limitations, restrictions on land use and the likely attitude of Councils.

[fossildog] 17/4/2007 11:08

Big new Bellway estate near me. Have had a look. Houses are very expensive, we are both professionals but would struggle to afford. Not sure who the houses are targeted at if a household like ours with two incomes well above the national average can not afford them. Seems to be a lot of houses built and standing empty waiting for buyers. Can see these dropping once the interest rate creeps towards 6%

[18bt] 17/4/2007 07:30

Cracking interims plus great div increase. Market should upgrade on these results, but the share price may be buoyed by takeover speculation. BWY's landbank is over 5 year's sales and that should be worth a huge premium on a t/o. Only fly might be BoE interest rate increase at next meeting which is looking more likely given £ rise yesterday.

[maiseymouse] 20/3/2007 07:14

i think the stock will push on from here.....Merill Lynch has upgraded to buy.
I think I agree the stock has been left behind

[18bt] 06/2/2007 17:01

It broke through 1500 in December, but didn't hold the level. High was 1552 on 2/1.

[magonia] 06/2/2007 16:50

Bellway has broken through 1500p - possible support level. Buying momentum has slowed but still opportunity for riding the current trend. It has a long term potential for growth even if current price doesn't rise sharply over the coming days/weeks