Boot (henry) Share Discussion Threads

[jurgenklopp] 28/4/2021 03:16

The CEO, along with his wife and daughter, purchasing shares at the beginning of the month was the clincher for me.

Tremendous potential.

[shaker44] 28/4/2021 01:37

Personally I never look at dividends but you are right, many do. Yes, NAV is very conservative but it is the pipeline, prospective earnings and increasing nav from recent deals that is not priced in yet.
Happy to tuck more away as upside is far greater than downside imo. In these toppy markets where froth will get blown off many stocks this is a little gem.

[essentialinvestor] 27/4/2021 17:58

Stock market taking notice is perhaps a more difficult one,
at least short term.

On a NAV basis BOOT looks (at least superficially) fairly valued
as it's trading well over the last net asset value update.

Now I happen to consider that may significantly undervalue their landbank potential. However, to command a higher price on an all things being equal basis BOOT needs to up shareholder returns.

Dividends were on a nice multi year increasing path before Covid hit,
so a key factor is a resumption of strong dividend growth. Market tends to notice that.

[shaker44] 27/4/2021 14:21

These guys are getting some great stuff done, quietly. Time it was on the radar of more small company funds.

[cwa1] 27/4/2021 13:56

7 April 2021

26 April 2021

HENRY BOOT PLC

('Henry Boot' or 'the Group')

Planning granted for 2m sq. ft. distribution warehouse at Wakefield Hub

Planning permission has been granted for a new 2,000,000 sq. ft. distribution warehouse at Wakefield Hub, a 200-acre industrial and logistics scheme located adjacent to Junction 30 of the M62 in Yorkshire.

The joint application was made by Newmarket Lane Ltd and Mountpark and the decision allows for works to start on site in May, which will include a new spine road through the scheme and extensive landscaping. This will pave the way for the delivery of the warehouse by Mountpark which, when complete, could see the creation of around 1,500 new jobs.

Wakefield Hub is being delivered by Newmarket Lane Ltd, a joint venture between the Group's property development business HBD and Yorkcourt.

Wakefield Hub is a prime location for industrial and logistics operators in the North of England, offering unrivalled access to the M62, M1 and A1 and is also one of the largest regeneration projects of its kind in the UK. Regenerating the former Newmarket Colliery site, the development will secure vital inward investment and create thousands of new jobs, helping to create a thriving local economy in Wakefield.

Ed Hutchinson, Managing Director of HBD, said: "We are very pleased that the planning committee has approved the application for this latest development at Wakefield Hub - it's brilliant news for Wakefield and is a huge vote of confidence in the city as a place to invest."

ends-

[shaker44] 22/4/2021 08:41

So skem, 6% yield off just 30% and 7 acres 'free' for development. Good motorway hub. Looks a cracker.

[cwa1] 22/4/2021 08:00

22 April 2021

HENRY BOOT PLC

('Henry Boot' or 'the Group')

Henry Boot PLC boosts pipeline with two strategic acquisitions

Henry Boot PLC has made two acquisitions in line with its strategic targets of increasing its investment portfolio towards a target of GBP150million, and to continue to expand its GBP1.4bn total development pipeline (HB share GBP1.1.bn).

HBD, the Group's property development business, has acquired Allied Business Centre, a 150,000 sq ft industrial estate in Skelmersdale, Lancashire from West Pimbo Limited for GBP4.75 million. The estate is in a strategic location adjacent to Junction 5 of the M58 motorway and comprises 117,800 sq ft of warehouse space plus serviced offices spanning over 30,000 sq ft.

The three warehouse units are let to Messenger Express Warehousing Limited who have been in occupation for over 15 years and the serviced office space is multi-let to 13 tenants. The estate generates total rental income of circa GBP303,000 per annum, with the purchase price reflecting a net initial yield of nearly 6.0%. The 10.7-acre site has low site coverage of around 30% which offers excellent redevelopment potential in the future.

HBD has also secured a prominent 2.6-acre city centre site in Birmingham's popular Jewellery Quarter with a view to delivering a circa GBP100m GDV residential-led mixed use scheme. Previously occupied by a Sytner BMW dealership the site was acquired with vacant possession from the joint vendors, King Edward 's School and Sytner Group.

Ed Hutchinson, managing director of HBD, said: "These two deals are the latest in a series of acquisitions by HBD, which include a key site in Manchester's St Johns district and the purchase of 60,000 sq. ft. in Mabgate, Leeds. All of these latest acquisitions have significant future redevelopment potential and are an excellent strategic fit for our business."

The acquisitions form part of the Group's core development strategy targeting industrial and logistics, residential and urban development schemes.

[shaker44] 07/4/2021 11:52

More upside than down imo and unlikely to start making racy decisions.

[battyliveson] 07/4/2021 11:30

Some more director buying. Taken a very small starter position.

B

[essentialinvestor] 31/3/2021 17:22

My one slight concern is BOOT, with a new company focus on growth, might be
tempted to grow the construction order book with possibly less than their usual
conservative approach.

[1tx] 23/3/2021 14:01

I see we have repaid all furlough & other covid payments to HM Government so have done better than figures indicated.For those not invested provided we see a continued return to normal profits a good entry point as next year we could see a return of earnings and dividend to the level of year 2018/2019.Present share price is largely covered by book value of tangible assets so reasonable potential for both income & capital growth.

[jurgenklopp] 23/3/2021 07:24

Solid set of results.

[daneswooddynamo] 12/3/2021 08:09

Quiet here, results in 10 days which could give it a bit of a push north imo

[cwa1] 19/1/2021 07:38

Splendid :-)

[playful] 19/1/2021 07:04

Looking lovely...

The Group has ended the year materially ahead of the Board's revised expectations for 2020, due primarily to land disposals and a resilient performance from the development, construction and house building businesses, in Henry Boot's target industrial and residential markets.

[essentialinvestor] 18/12/2020 13:32

Added a number of times earlier this

Very conservatively run business. Chunky recent CEO Buy.

Today's property transaction should be strongly NAV accretive when redevelopment is completed.

[shaker44] 18/12/2020 11:26

Well done HB. Great move. Opportunistic at this time

[cwa1] 18/12/2020 07:52

18 December 2020

HENRY BOOT PLC

('Henry Boot' or 'the Group')

Acquisition of two buildings for redevelopment in Leeds city centre

Henry Boot PLC has acquired 60,000 sq. ft. across two buildings in Mabgate, Leeds, a prime redevelopment area in the heart of the city.

The acquisition by HBD, our property development business, will see the complete redevelopment of the buildings and could add further potential to the Group's urban development and residential capabilities.

Its location is also of significant benefit to the redevelopment plans, being a short distance to the city's transportation networks and Leeds City Council identifying Mabgate as a key area of investment.

Henry Boot continues to prudently seek out new investments to replenish the GBP1.4bn development pipeline, which is made up of three long-term markets: residential, industrial and logistics, and urban development.

HBD Managing Director, Ed Hutchinson, said: "The buildings have massive potential for urban development, which is a key focus for us. There is significant investment being channelled into Mabgate and we look forward to putting our own plans together to support the wider regeneration programme."

[daneswooddynamo] 25/11/2020 08:48

Well if there has been I have missed it too! Probably just a bit of weakness on a bout of selling, seems to be a bit lumpy sometimes

[essentialinvestor] 25/11/2020 08:36

Was just wondering that.

Some negative comment I missed?.

[daneswooddynamo] 25/11/2020 08:35

Drifting down into top up territory imo

[cwa1] 25/11/2020 08:29

Contracts exchanged and plans outlined for Phoenix 10 development scheme



Henry Boot PLC has exchanged contracts with Walsall Council and Homes England on one of the largest regeneration projects in the West Midlands.



The new £73m GDV development scheme, known as Phoenix 10, is located in Walsall and will be delivered by the Group's property development business, HBD, in partnership with Walsall Council and Homes England. The 44-acre development project is the largest undeveloped plot in the Black Country and is set to become a centre for enterprise with up to 620,000 sq. ft. of industrial and logistic space, attracting new jobs and investment to the region.



Phoenix 10 is another long-term opportunity in Henry Boot's industrial and logistics offering, which currently makes up approximately 74% of the £1.4bn development pipeline. The scheme has prime distribution access to the M6 via Junction 9 and is capable of delivering units ranging from 21,000 sq. ft. to 415,000 sq. ft.



Henry Boot's strong financial position and long-standing experience in delivering large scale development projects, leaves the Group well placed to deliver another significant opportunity from its £1.4bn development pipeline.



Ed Hutchinson, Managing Director of HBD, said: "This is one of the most significant employment schemes coming forward in the West Midlands - both in terms of scale and its potential to drive business growth and is a great opportunity to bring new investment into the area. We look forward to getting started on this exciting project."

[bwm2] 25/8/2020 10:40

Hallaw land still very active. They have just signed a planning development agreement for circa 130acres in s17 the best resi postcode in sheffield which includes a big slug of council land

[carpingtris] 25/8/2020 09:32

I think done well all things considered, got from ~-£50m Debt to +~£50m in the bank!

And shareholder friendly paying a Divi - albeit reduced which is prudent.

[shaker44] 25/8/2020 09:06

Numis target 320p from 255 now. They see low downside risk and strong upside