Boot (henry) Share Discussion Threads

[jurgenklopp] 01/6/2021 13:55

Dividend arrived safely at AJ Bell on the afternoon of the 28th.

[johnsoho] 01/6/2021 13:38

Has anyone received the 28th May Henry Boot dividend payment yet?.....it’s not hit my bank account at the mo !!!

[essentialinvestor] 23/5/2021 22:40

Appreciate the view, thanks.

[daneswooddynamo] 23/5/2021 22:31

I wouldn’t go that far! Stuck quite a bit of UANC into Henry, partly triggered by Shaker who had highlighted it on the UANC board back in November although I have owned it in the past. Like you and most of the posters here I would agree the prospects for Boot look pretty rosy. It’s a bit difficult to get an exact handle on the nav but rather feels like there is a lot of conservatism built in

[essentialinvestor] 23/5/2021 15:14

danes, you made a very astute call on UANC, remember you highlighting the
potential and valuation a number of times.

As you know the sector well, how do you view the longer term outlook for Henry Boot?,
thanks.

[daneswooddynamo] 22/5/2021 15:36

Too flipping right, made a few hundred quid there but Wellcome will take another few hundred off me! Voted against it and I accounted for about 60 percent of the votes against!

[essentialinvestor] 22/5/2021 15:04

It should ensure we don't get another UANC situation here,
which was arguably taken out at a very opportunistic price on a 2/3 year plus view.

[daneswooddynamo] 22/5/2021 14:36

These days most public takeovers require at least 90 percent of a company’s shares ( to enable compulsory acquisition of the remaining 10)

[essentialinvestor] 22/5/2021 14:13

It may be why we are seeing Boots growth prospects being clearly emphasised
and highlighted.


Would much prefer BOOT to remain listed.

[essentialinvestor] 22/5/2021 14:05

danes, the Boot family do not have anywhere near a controlling stake, even when added
to the REISS Trust holding.

The holding info is available to look at in the annual report (full version).

[shaker44] 22/5/2021 13:40

You never can tell with families. Many often want jam today not next decade

[daneswooddynamo] 22/5/2021 13:28

It would have to be stupid value given the “family” holdings

[essentialinvestor] 22/5/2021 12:47

BOD appear highly motivated in the share price increasing.
There has been a step change in investing for growth under the new CEO.

Since the year end BOOT has grown their landbank by approx 10% net
and significantly increased their investment portfolio.
All this while remaining about debt free.


Numerous recent bids across this sector, so it may be a case of deliver increased value for shareholders, or be on the receiving end of a bid imv.

[shaker44] 22/5/2021 11:18

At least 6 executives participate in a long term incentive plan with share options. Seems reasonable to assume that they are motivated to see the share price increase. Good.
And also the directors who put the ltip in place evidently wish the share price to increase too. Good.
Who wants to invest in a company where shareholders are not interested in their share price increasing?

[danderson852] 22/5/2021 10:32

Agreed. The company is full of talented people who are good at making money without taking excessive risk and it concentrates on generating a sustainable growing dividend. Most of the shareholders are long term holders and have no intention of selling out.

[daneswooddynamo] 22/5/2021 08:22

Concentrate on running the business well and share prices/dividends take care of themselves

[pierre frogeot] 22/5/2021 04:36

Looks like a safe play to me.

[shaker44] 22/5/2021 04:01

Maybe you can explain your point of view and help us understand why everyone at Boot wants a static or declining share price please?

[danderson852] 21/5/2021 22:54

Everyone is missing the point that no one at HB is interested in growing the share price

[essentialinvestor] 20/5/2021 12:20

ah, is that so. I did a couple of searches and could not find anything.

Thanks for the clarification.

[daneswooddynamo] 20/5/2021 12:07

The Reiss and Boot family are all connected by marriage from years ago

[shaker44] 20/5/2021 11:42

Private equity deal possible

[essentialinvestor] 20/5/2021 11:32

The Reiss Family trust have... an active focus on real estate and private equity,
according to their website.

[essentialinvestor] 20/5/2021 11:22

Reiss Family Trust hold under 16%.

They are unconnected to the Boot founding family to the best of my knowledge.

The Reiss family best known for their retail empire.


Sally Boot holds over 2% of the share capital and Edward Boot over 4%.