Belvoir Share Discussion Threads

[dmdmdmdm1] 29/9/2020 14:13

No news here recently. What are peoples opinions of price movement here if we enter second lockdown nationwide?

[shanklin] 08/9/2020 07:57

ROFL. If I was a Guardian journalist or a Labour MP I suspect I would think compiling such a list was a wonderful use of my time.

[melton john] 08/9/2020 07:52

I see your point, there might be a Guardian "journalist" sharpening his pencil as we speak. Another BOO storm in the making.

[gdjs100] 07/9/2020 21:39

Couldn't agree more re furlough cash. They furloughed staff, and therefore were entitled to the relief to compensate them. Had it not been for the forced lockdown - something outside of their control - they would have not needed to do so.Just because they could have afforded it (with hindsight) doesn't mean they should have to pay it back, like some companies have done looking for a bit of PR. Lockdown wasn't their decision. Handing money back would be similar to a company saying "we should be paying 19% tax this year, but hey, since we can afford it, let's pay 30%", or tech companies turning down patent box relief (lowering their tax rate), just because they might not necessarily need it.

[thorpematt] 07/9/2020 21:02

Very nice TS indeed Chart has 180p written all over it as a first stop. Of course a PER of 15 would be modest for such a clearly quality company. That would equate to 225p on 2012 normailsed earnings Before anyone witters on about furlough money, I would say aside from the principle that furlough is simply a (temporary) reversal of payroll taxation, that BLV have NOT benefitted from COVID conditions like some companies (PPE distributors, online grocers etc.) These very encouraging results are in fact merely a continuation of its success as a business prior to COVID standing it in good and resiliant stead. Well done to the (excellent and hard working) management team I say! To be applauded for its leadership, entrepreneurism and counsel during a difficult time. It will be the likes of BLV (succesful business models and well-run companies) that will end up paying for all of the COVID measures via increased taxations and the like (in the mid term). Expecting them to self-penalise in the lieu of other weaker companies being less succesful is no way to proceed.

[melton john] 07/9/2020 16:58

You weren't impressed by his reply to your question then Shanklin? The main reason I invested was a long record of dividend paying and they used the money for its intended purpose of keeping people on the payroll. Anyway, I could see them revisiting the decision in the near future after further consideration from a PR point of view.

[shanklin] 07/9/2020 15:29

Like returning the furlough money to Government. They risk being highlighted as greedy given they have had a very strong Covid-19 period. Can't think of another company that has reported such stonking results and is paying a dividend... ...whilst keeping Government money.

[energeticbacker] 07/9/2020 15:26

Positive results - but why is management fixated by the dividend as a business generating 32% operating margins and a c20% return on equity, carrying £5.7m of net debt, surely has better things to do with its cash than pay out a dividend! More on the Investor's Champion website.

[melton john] 07/9/2020 11:59

Results presentation 16:00 today. Register at hTTps://www.investormeetcompany.com/

[melton john] 07/9/2020 06:50

Belvoir BLV results:- 17% increase in profit before tax to GBP3,164,000 (H1 2019: GBP2,695,000) with 7% arising from the acquired Lovelle network and 10% from the underlying business -- 16% increase in basic earnings per share to 7.3p (2019: 6.3p) -- The impact of Covid-19 on the Group's expected revenue was substantially mitigated by a reduction in operating expenses and GBP250,000 of government Covid-19 support -- Overall H1 results are in line with management's pre Covid-19 expectations Reinstatement of Dividend -- The Board has reinstated its progressive dividend policy with the payment of an interim dividend of 3.4p per share (H1 2019: 3.4p) with interim dividend cover at 2.1x (H1 2019: 2.0x) -- The Board also announces an additional 2.0p per share payable with the interim dividend as partial compensation for the suspension of the final 2019 dividend, with a view to a further catch-up payment at the time of the final 2020 dividend, dependent on prevailing circumstances at that time

[shanklin] 07/9/2020 06:31

Doing very well but have failed the common decency test by taking Government money and using it to help pay dividends.

[standish11] 04/9/2020 17:10

Interims on Monday.

[riverman77] 31/7/2020 15:32

What a superb little company. Very impressive resilience and solid growth, yet still very cheap. I'm hanging on to these.

[death by donut] 30/7/2020 17:18

fwiw Finncap up target from 169p to 233p

[2wild] 30/7/2020 17:04

'Both revenue and operating profit is comfortably ahead of 2019 with net profit in line with management's pre-Covid expectations' Almost unbelievably excellent first half performance. Expect these will be tipped and much higher after reinstating the dividend in September.

[danielinnes74] 30/7/2020 07:38

Not got bundles of these but pleased to hold some. Great bounce back after Covid unlike a lot of my others!

[melton john] 30/7/2020 07:08

Great. Should be back on the radar now and reach a wider range of investors.

[firtashia] 30/7/2020 07:05

Super trading statement today.

[metis20] 09/7/2020 08:10

https://www.londonstockexchange.com/news-article/BLV/strategic-estate-agency-alliance/14609322 Strategic Estate Agency alliance with The Nottingham Building Society Belvoir Group PLC (AIM:BLV), the UK's largest property franchise, today announces that it has entered into a strategic alliance with The Nottingham Building Society ('The Nottingham' or the 'Society'). The alliance will see Belvoir's established network of franchisees, trading under the brands Belvoir, Northwood, Newton Fallowell and Lovelle, extending their estate agency and lettings services to new locations sited in co-branded existing building society branches. Under the agreement, the vast majority of The Nottingham's estate agency and lettings activity will transfer over to the Belvoir Group and the Society will cease trading as its own estate agency and lettings operation for new business by the end of August 2020. Franchisees within the Belvoir Group will have the opportunity to offer The Nottingham's members high quality estate agency services, either from existing building society branches or from Belvoir's stand-alone offices throughout the UK. In the first instance this opportunity will be extended to a number of franchisees to increase their footprint by taking a presence in up to eleven of The Nottingham branches, to be co-branded, based in Nottingham, Leicester and Cambridge. Dorian Gonsalves, Chief Executive Officer of Belvoir Group, said: "This strategic alliance represents a very exciting and mutually beneficial opportunity for both the Belvoir Group and The Nottingham, and is expected to pave the way for further joint initiatives in the future. "I am confident that this innovative alliance will prove to be a great success, as Belvoir and The Nottingham already share many core principles, including a determination to ensure that the customer remains very much at the heart of all aspects of the business."

[thorpematt] 26/6/2020 09:17

Did nyone view the one to one interview yesterday?