Belvoir Share Discussion Threads

[johndoe23] 28/1/2021 10:04

Excellent update, general market sentiment suppressing this today

[thorpematt] 28/1/2021 08:46

Very nice TS - Good job from the BLV team.

[johndoe23] 26/1/2021 09:36

Ticking up nicely ahead of trading update Thursday

[thorpematt] 12/1/2021 12:07

Very strong update this morning on financial services hTtps://uk.advfn.com/stock-market/london/belvoir-BLV/share-news/Belvoir-Group-PLC-Continued-Growth-of-Financial-Se/84070089 ...revenue was 13% up on 2019 at GBP9.6m (2019: GBP8.5m), profit before tax, provisionally reported at GBP1.8m (2019: GBP1.3m), was 26% up on the prior year. EPS estimates for 2020 were just 5% A more detailed pre-close trading update for the year ended 31 December 2020 will be provided on Thursday 28 January 2021. In the meantime I see the 180p as the next key target on the chart.

[rivaldo] 30/12/2020 09:53

Only fair to note that I've now fully disposed of my relatively small holding, at a reasonable overall profit. I still think BLV has decent upside and is a good company, but simply needed funds for other opportunities (I don't normslly trade this short-term!). Good luck all, I may well be back at the right price/time.

[rivaldo] 16/12/2020 13:25

Indeed. Still looking strong here and moving up again, with buying now coming in at 155p.

[texaspete2] 15/12/2020 15:52

The market liked the update from Foxtons yesterday, guess it helps here too along with excellent fundamentals in my view.

[rivaldo] 15/12/2020 15:35

That was a quick move up! And a nice response to that keen buying - perhaps an overhang has been cleared.

[rivaldo] 15/12/2020 15:11

Good to see buying coming in now at 154p - 4p above the 150p offer price. Very keen.

[rivaldo] 09/12/2020 13:22

Bouncing nicely - buying coming in at near the full 155p offer.

[rivaldo] 03/12/2020 11:48

New interview with the CEO - his comments suggest that the final two months of the year should also be good, so there may be further good news to come soon: Https://www.proactiveinvestors.co.uk/companies/news/935498/belvoir-group-says-to-achieve-results-ahead-of-expectations-is--absolutely-phenomenal--935498.html OT : cheers loglorry, I hadn't checked the Investors' Champion article for accuracy, but on their past record it doesn't surprise me!

[loglorry1] 03/12/2020 10:02

@rivaldo the dividend is 8.8p for the interim plus final. hxxps://www.belvoirgroup.com/investors/shareholder-information/dividend-information/ The yield at 155p is 5.6%. I think that article was wrong. p/e is around 9, great gross margins and growth.

[rivaldo] 03/12/2020 08:26

The overnight summary from Investors' champion on the trading update FYI: "Belvoir: trading ahead Belvoir Group (LON:BLV), which calls itself the UK's largest property franchise, confirmed that trading in the ten months to the end of October 2020 was ahead of its pre-Covid expectations with both its property and the financial services divisions achieving year on year growth in gross profit of 10% and 11% respectively. With costs under control pre-tax profits for the year to 31 December are now anticipated to be comfortably ahead of management's expectations. Cash has also continued to flow with net debt currently down to £4.3m (31 December 2019: £6.9m), this after having deployed £2.0m of cash in January to acquire the Lovelle network and deferred payment of £0.5m VAT. Resilient trading means they are able to reimburse staff in full for the salaries sacrificed earlier in the year and also repay all government support monies A catch-up dividend of 1.3p is also being paid bringing the total reinstated 2019 dividend to 3.3p per share, equivalent to a yield of 2.1%."

[melton john] 02/12/2020 14:33

I came into direct contact with one of their offices a couple of years ago, was impressed and hopped aboard after a good look on Stocko.

[rivaldo] 02/12/2020 14:14

Picked a few of these up today after the excellent update. Have seen them present a couple of times in the past and always struck me as knowledgeable, able and honest. A happy combination! Finncap have reiterated their 233p valuation, and have increased this year's forecast to 15.2p EPS. They also note that 2020 dividends will total 10.5p per share.

[loglorry1] 02/12/2020 09:16

BLV is more exposed to property prices (more sales) and less recurring revenue than TPFG, which is just lettings, hence the lower rating but horses for courses. A very good update and a very good stock to own. A bit of debt is fine and actually should help increase returns for equity.

[melton john] 02/12/2020 08:40

I thought that bit would make you happy Shanklin, I want everyone to be happy. :-)

[spann_703] 02/12/2020 07:59

This is a new holding for me, purchased a few weeks back. Seems like a very good update. @spooky I did a comparison between this and TPFG at my time of purchase - I think Belvoir was superior on most metrics/fundamentals, with the exception of gearing where I believe TPFG had/has a net cash position. Particularly striking was TPFG sitting on a f/w P/E of roughly 14, while Belvoir was only ~9.

[spooky] 02/12/2020 07:54

Great statement. May also be worth keeping an eye on TPFG, there should be some read across to that too IMO.

[thorpematt] 02/12/2020 07:42

"comfortably ahead" and yet our chart is still, er "comfortably behind where it was pre COVID. So that's what you call a price-disconnect...or in other words an opportunity. Not ften the market offers up such discouts. Back up the truck.

[gdjs100] 02/12/2020 07:27

You won in your one man crusade to force them to pay it back, Shanklin. Personally I don't see there was any need. But well done, anyway.

[shanklin] 02/12/2020 07:19

Impressed that BLV are paying back furlough and grant money given their strong trading.

[phar lap] 02/12/2020 07:17

Excellent trading update hTTps://www.investegate.co.uk/belvoir-group-plc--blv-/rns/trading-update/202012020700061874H/ The Board is delighted to report that trading in the ten months to the end of October 2020 was ahead of its pre-Covid expectations with both the property and the financial services divisions achieving year on year growth in gross profit of 10% and 11% respectively. Given the Group's continued resilient trading and in anticipation of a strong end to the year the Board has decided to reimburse staff in full for the salaries which were sacrificed and to repay the Government in full the Covid furlough monies and grants received. The Board is also now pleased to announce that it intends to pay a further catch-up dividend of 1.3p per share to coincide with the final 2020 dividend. This additional dividend represents the last payment in respect of the final dividend for 2019 which was suspended in March 2020 and brings the total reinstated 2019 dividend to 3.3p per share.

[thorpematt] 17/11/2020 20:38

Great buy in point here. I am a little overweight in this already, so portfolio rules say I can't add, but to me it looks like the market these last few days has turned away from sensible and gone a little crazy into some rather iffy looking bets. BLV is something more of an investment and at these prices very tempting indeed.