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BOOT Boot (henry) Plc

182.00
0.50 (0.28%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Boot (henry) Plc LSE:BOOT London Ordinary Share GB0001110096 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.28% 182.00 58,702 16:35:19
Bid Price Offer Price High Price Low Price Open Price
179.50 181.50 180.50 180.00 180.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 341.42M 33.32M 0.2487 7.24 241.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 AT 2,021 182.00 GBX

Boot (henry) (BOOT) Latest News

Boot (henry) (BOOT) Discussions and Chat

Boot (henry) Forums and Chat

Date Time Title Posts
02/4/202412:50Boot with charts488
06/7/202015:15Boots walking23
06/7/202014:35ADVFN About To Take Legal Steps Against Haystack?2
10/6/200916:10BOOTS. The clearest short all week.69
03/9/200613:33BOOTS123

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Boot (henry) (BOOT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 15:35:26182.002,0213,678.22AT
2024-04-19 15:35:19182.007,81814,228.76UT
2024-04-19 15:23:44179.6313,00023,352.29O
2024-04-19 12:08:28180.491,0001,804.90O
2024-04-19 12:07:00180.491,0001,804.90O

Boot (henry) (BOOT) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Boot (henry) Daily Update
Boot (henry) Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker BOOT. The last closing price for Boot (henry) was 181.50p.
Boot (henry) currently has 133,984,551 shares in issue. The market capitalisation of Boot (henry) is £241,172,192.
Boot (henry) has a price to earnings ratio (PE ratio) of 7.24.
This morning BOOT shares opened at 180.50p
Posted at 02/4/2024 12:50 by hpcg
It is possible planning reform may make it simply easier to get planning permission than simply easy and that might help BOOT, though it could also increase competition. Another risk is taxing land banks. Another is compulsory purchase of land banks. To my mind there are too many good places for money, why allocate it somewhere with apparent risk? If nothing else the price is not going to go anywhere whilst the issue has not concluded, so that's 6-12 months of dead money. Price is nowhere near compensation yet.
Posted at 26/3/2024 16:22 by eigthwonder
I think we have to remember that at its heart Boot is a semi-private mini-conglomerate - there's a lot of family interest in the shares and they are quite happy not smashing it out of the park. So the company doesn't do radical MBA type strategic manoeuvres. Arguably, the shares over-achieved ratings-wise under the previous CEO as he had a winning personality and was able to big up the company to the relatively few institutional investors willing to take an interest. His replacement is less engaging and the market is taking a more sober view. As for the land supply business - the company's "super-strength" - the previous CEO was blessed to be there when house prices were booming and owners of land had the advantage, and while I don't think land reform will hugely change the picture - owners and developers are still going to have to ensure their land is chosen over other parcels - house prices have stalled and the market is more in equilibrium. TLDR - the boom times are over and I don't see the internal catalyst for the rating to improve.
Posted at 25/3/2024 14:02 by spectoacc
I don't know BOOT's landbank well enough, but it must have at least the potential to kibbosh their business model. Why buy expensively-PP'd BOOT plots, when there's suddenly far easier options.

I personally worry that Labour may make the long-talked-about change where they allow local authorities to compulsory purchase farmland at agricultural value, to then build on.

But difficult to say - the planning system may be unreformable, and if Labour go for a middle ground that may even benefit BOOT (ie make PP easier, without making it too easy).
Posted at 25/3/2024 11:46 by 888icb
“Financial Highlights

· 5.3% increase in revenue to £359.4m (2022: £341.4m) driven by land disposals, property development and housing completions

· Profit before tax of £37.3m (2022: £45.6m) and underlying profit¹ of £36.7m (2022: £56.1m), in line with market expectations and supported by our focus on high quality land and development in prime locations

· Capital employed has increased by 4.5% to £417m (2022: £399m) continuing our stated growth strategy and progressing, towards our medium target of £500m

· ROCE² of 9.9% (2022: 12.0%), rounded, at the lower end of our medium-term target of 10-15%

· NAV³ per share is up by 3.7% to 306p (2022: 295p), due to resilient operational performance. Excluding the defined benefit pension scheme surplus, NAV per share showed an underlying increase of 3.4% to 300p (December 2022: 290p)

· Strong balance sheet, with net debt⁴ of £77.8m (2022: £48.6m) reflecting continued investment in committed developments and selective acquisitions. Gearing at 19.0% (2022: 12.3%) within the optimum stated range of 10-20%

· Proposed final dividend of 4.40p (2022: 4.00p), an increase of 10.0%, in line with our progressive dividend policy, bringing the total dividend for the year to 7.33p (2022: 6.66p)

· We remain confident in achieving our medium term growth and return targets“
The NAV per share is 306p against today’s share price of 182p. That is a massive discount to NAV and the results are very positive. This is a very undervalued share it would appear.
Posted at 25/3/2024 11:36 by spectoacc
Be lying if I said I'd read it all, but what I did read seems very reasonable.


"So, all in all we are pleased with the way the business has performed, during what for our key markets has been a difficult year. We are now firmly focused on 2024 and our medium term growth targets - which remain very achievable. Whilst there is a path to lower inflation and reduced interest rates the expected recovery is very likely to be weighted towards the second half of the year."


"Not surprisingly, we do not have clear visibility on how all of this will unfold and, with key transactions to execute and complete this year in both land promotion and development, we expect 2024 results will be heavily second half weighted."


I'm not sure I've ever seen a co describe their balance sheet as "..Rock solid.."!

"Our balance sheet remains rock solid...".


So for me - BOOT are very well placed for when the market turns, but neither they nor us know when that is. Also, does that make them good value at £2.50, £2, £1.50, £1? I've no idea. I've a suspicion they're a little high atm, due to expectation of a recovery that isn't baked-in yet.

That may just be wishful thinking, wanting to get back in lower.
Posted at 23/1/2024 11:17 by essentialinvestor
hp, planning reform not necessarily a definite downside for BOOT.

BOOT currently own, or have options over 100,000 plots, of which they have planning permission on only 8,000.

You could make a case reform will increase availability of land, however it 'should' also reduce cost and complexity in a (current) lengthy planning process. We need to see exactly what is proposed by the next Labour government and how this will work in practice.

It is however worth highlighting as a longer term development to mindful of.


The recent sale to Vistry took 20 years from an initial option to purchase, with Boot still retaining some of those plots.
Posted at 23/1/2024 09:25 by riverman77
One of the many irrationalities of the stock market - share price falls in advance because everyone expects a profit warning, and then falls again when the the warning is confirmed. Of course, this all provides a good opportunity for patient investors with a long time horizon, but I agree that BOOT will probably remain weak for the next year or so.
Posted at 23/1/2024 08:35 by spectoacc
Problem is that:

"...Gearing at year end was towards the top end of the optimum stated range."

That's before the "significantly below" trading to come in 2024.

Agree BOOT aren't going bust anytime, but you'd rather they went into a very uncertain year with gearing not already being at the top of their target range.

Wondering if the time to buy BOOT is on any fundraise. I'd back them to raise money and increase their land holdings, when prices are weak.

The disappointment of today's news is just how much hardball the housebuilders are playing, particularly with payment terms.
Posted at 21/9/2022 07:41 by carpingtris
Doing the same for me now on that link - I could read the whole thing earlier (was via my phone mind); just googled 'Henry Boot Share Price' and clicked news and it was the top item.

Basically Simon Thompson rated as 'BUY' - a well run company.

DYOR
Posted at 11/2/2022 09:56 by riverman77
BOOT up a stunning 2.5%! Some of the others on the list up around 40%, such as TAVI. I guess these are very illiquid so probably explains the large moves. Still at bit frustrating that even this fails to budge the BOOT share price.
Boot (henry) share price data is direct from the London Stock Exchange

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