Boot (henry) Share Discussion Threads

[carpingtris] 30/3/2019 14:22

Investors Chronicle again this week... Buy recommendation...

[carpingtris] 23/3/2019 15:29

IC article page 72.

BOOT mentioned as one of 16 growth pick stocks for 2019 :) this week... also since its printed debt has come down and divi increased.

[carpingtris] 21/3/2019 10:49

Sounds about right, lol

[cwa1] 21/3/2019 10:41

Results good = modest fall in SP
Results bad = large fall in SP

Simple really ;-)

[carpingtris] 21/3/2019 10:35

How do we see this going tomorrow? when the results are out!

[cwa1] 18/1/2019 07:49

RNS Number : 4139N

Boot(Henry) PLC

18 January 2019

18 January 2019

HENRY BOOT PLC

('the Group')

TRADING UPDATE FOR THE YEAR ENDED 31 DECEMBER 2018

The Board of Henry Boot PLC issues the following trading update for the year ended 31 December 2018 ahead of its full year results which will be announced on Friday 22 March 2019.

Henry Boot's real estate focused activities traded in line with the Board's expectations for the year ended 31 December 2018, after including the "one-off" GMP pension provision noted below; without which we would have slightly exceeded expectations. This was despite trading conditions becoming more challenging through the year, as negotiations around the UK's departure from the EU served to increase the level of uncertainty within the UK real estate market.

Hallam Land Management performed exceptionally well, helping to replenish the UK house builders land banks following their house sales in 2018, and identifying new site opportunities to replace those sold. Stonebridge Homes, our jointly owned house builder, achieved 145 sales (2017: 79 sales), producing turnover of GBP35m. Activity within our construction segment held up well and Henry Boot Construction started this year with a strong committed order book and, in addition, is expected to agree a number of contracts in the first half of 2019, further increasing workloads. Banner Plant and Road Link A69 both performed in line with management expectations.

Henry Boot Developments' results were affected by the aforementioned macro uncertainty, with prospective developments held back by a combination of client uncertainty or planning delays, which affected the timing of starts on site at certain projects. The draft full year valuation of the Group's investment property portfolio was broadly neutral, unwinding gains seen at the half year, as increases in the value of the Group's logistics and industrial assets were offset by deficits on retail investments. Henry Boot Developments' largest development project, 'The Event Complex Aberdeen', continues to progress well and is expected to conclude mid-2019.

We anticipate that a provision of circa GBP1.5m will be included in profit before tax for the year ended 31 December 2018. This is as a result of the recent UK High Court ruling in respect of the Equalisation of Guaranteed Minimum Pensions handed down on 26 October 2018, and advice that any one-off charge should be taken to profit and loss, rather than through other comprehensive income (as with changes in the Pension Deficit).

The Group's balance sheet remains strong. Gearing at 31 December 2018 was circa 7%, as we position ourselves to be able to react to whatever challenges and opportunities arise through 2019.

Commenting on the positive trading result, John Sutcliffe, Chief Executive Officer, said:

"2018 proved to be another successful year for Henry Boot. It is always difficult to finalise deals or new developments in a specific financial period and, as noted above, three commercial developments anticipated to start during 2018 will now commence in 2019, and one sale expected to complete in 2018 completed on the 4(th) January 2019.

"Although we remain mindful of some uncertainty in the UK real estate market, these transactions, added to the already committed and contracted activity for 2019, give us a good start to the year."

[cwa1] 10/1/2019 11:20

10 January 2019

HENRY BOOT PLC

Notice of Trading Update

Henry Boot PLC, one of the UK's leading and long-standing property investment and development, land promotion and construction companies, will be announcing a trading update on Friday 18 January 2019.

[retsius] 14/12/2018 13:43

Looking interesting to re-enter here.
Trading Statement Oct '17 but can't see a release this year in October.
Any info?
R.

[cwa1] 20/9/2018 13:19

LOL. Just checking you were paying attention ;-)

[retsius] 20/9/2018 13:16

Cwa1
Int. div. 3.2p!

[cwa1] 20/9/2018 12:11

Ex a 2.3p divi today and up a couple of coppers, had worse days!

[retsius] 19/9/2018 17:06

Xd today at the close,nice to see a rising price when this happens.
R.

[qs99] 10/9/2018 15:10

glad I have stuck with NMD!

[qs99] 24/8/2018 14:14

Am in here some more and NMD which looks the better value but lower margin and needs to up its building housing presence more IMO...DYOR

[ugandalad] 24/8/2018 14:03

Earlier Scotts column shortly after the results was neutral on the share guess he has had a re look considering Stockopedia rate the share at 82. IC re iterated their buy recommendation focusing on one sectors result Construction. Think they need a more indepth analysis but I like the management style which I consider conservative in forecasting the reducing debt and the fact it is diversified within the sector. Having added to my holdings in April and July I'll probably continue to build my holding.

[shaker44] 24/8/2018 13:57

as builders like tw run down their land banks to enhance results, boot will come in to its own later as an attractive take over prospect.

[qs99] 24/8/2018 13:16

Thanks......seems a bit stingy as a price, but hey ho....Paul Scott just ended with "a nice property company that is worth a look, if you take an interest in this sector."! DYOR

[jaws6] 24/8/2018 09:50

peel said 325 with BUY so far

[qs99] 24/8/2018 09:39

Anyone seen any broker comments? Full Year EBITDA expectations? thanks

[qs99] 24/8/2018 08:28

"As noted above, possible property receipts in the second half of 2018 could further reduce borrowings and gearing by the year end." like this. How long before it could be "ungeared"? then IMO it could be a TO target....let's see. Have bought in today as with c.£30m EBITDA in H1 and growing, this looks good value, well run, growing yield....DYOR...GLA and good BH weekend

[qs99] 24/8/2018 08:07

net debt looks like a good reduction no? Leaves scope for increases in divi? DYOR

[merrimac] 24/8/2018 07:39

It may just lift up again just into the GBP3 range - based on dividend? As you point out, the whole area is a tad depressed...as long as we can get the dividends along the way as we wait for a revaluation.

[shaker44] 24/8/2018 07:37

so do i! everything almost 20% up including earnings per share, debt down 10% per cent and forecast to fall further, b-t=r is looking good. outlook positive in all sides of the business.
clearly this is undervalued but in a market with a downer on the sector who knows how we will open?!

[cwa1] 24/8/2018 07:33

On first glance very solid stuff:-

Commenting on the results, Chief Executive John Sutcliffe said:

"We are very pleased to report another impressive performance in the first half of 2018, achieving improved profit, earnings per share, net asset value and dividends, while significantly reducing debt, compared to a year ago.

"So long as market conditions remain stable as we transit through the political and economic uncertainties, we look to the future with confidence. We have a strong pipeline of land, housing and commercial development opportunities to provide our customers with the property assets they require.

"Trading in the second half of 2018 has started well, and given the level of forward contracted business, the Board is confident in meeting its expectations for the full year and those for 2019 which, at this early stage, remain unchanged."