Boot (henry) Share Discussion Threads

[essentialinvestor] 13/12/2024 13:54

* on one division, all be it the largest.

And it also depends on the per plot profit derived from said land sales, of which there can be large variances.

That said, yes a positive.

[nchanning] 12/12/2024 16:31

Don't think the market really got this one today ..... they basically told us they're going to smash expectations next year

[nchanning] 12/12/2024 13:00

The case for book value, with everything held at the lower of cost or Net Realisable Value , being understated is getting much stronger and yet they still trade at 0.75x Book into a strengthening property market and falling interest rates

[nchanning] 12/12/2024 12:59

in 2023 they submitted 2185 plots for planning, today's RNS says they are aiming to submit 10000 plots for planning in the next 12 months

[nchanning] 12/12/2024 12:59

These are still held at cost even after they get planning and won't show up in the P and L until they are sold , but as today's sale at 28% ungeared IRR shows there is some serious vale unlocked when they are actually sold

[nchanning] 12/12/2024 12:59

Hallam has seen noticeable improvements in the planning system since the change in Government during the summer. In the year to date, Hallam has secured consents on a total of 2,870 plots (2023: 1,014 plots), of which 2,056 have been achieved since the beginning of September. In addition, Hallam has appeals lodged on 2,189 plots across seven sites and in total has 11,191 plots in the planning system.

[nchanning] 12/12/2024 12:58

Latest sale has them on track to meet this year's targets, but more importantly they have seen a very significant change in the planning approval process. They have secured consent on 2000 plots just in this quarter compared to 1000 in the whole of last year

[essentialinvestor] 21/11/2024 14:19

Yup £2.20 on the bid atm.

Vistry is a large customer of Hallam Land,
there's at least one large deal (with deferred payments) in place currently - there may be more.

Vistry woes perhaps not helping sentiment here?.

[kneecaps2] 21/11/2024 14:14

it is false I do not know Where ADVFN get some of their prices from! the real stock exchange middle price is 222 ! The spread is 220- 224.

[johnsoho] 21/11/2024 13:44

Anyone know what’s caused the large drop in the share price at circa midday today 21st November?

[nchanning] 15/11/2024 09:13

Positive vibes over at Gleeson's Land division Gleeson Land continues to promote several exciting opportunities. The prospective reform of the National Planning Policy Framework is expected to beneficially impact the timing of certain sites. Strong demand for consented land from large and medium-sized developers continues to give the Board confidence that Gleeson Land will deliver a full year result materially ahead of last year, with a number of significant sales expected to be completed in H2.

[hazl] 13/11/2024 07:12

Apologies meant for a different board.

[hazl] 11/11/2024 11:05

Risk on apparently since Trump has got in!
Still good to have solid old BOOT.
It's a win win really in my opinion.

[hazl] 01/11/2024 09:16

Come on BOOT!

Best foot forwards

[hazl] 30/10/2024 16:04

Even before today.


Henry Boot sees 'significant opportunity' to build thousands of homes more quickly after Labour's planning reforms. Labour's planning system reforms could help a Yorkshire construction firm build thousands of new homes more speedily, its chief executive has said.17 Sept 2024

Henry Boot sees 'significant opportunity' to build thousands of ...
Yorkshire Post

About featured snippets

[hazl] 30/10/2024 15:52

Yes good for us I think.
Well done Rachel!

[hazl] 29/10/2024 08:04

DOW was good in the US last night.
Let's hope for follow through here and BOOT.

[hazl] 22/10/2024 12:59

Gaining ground again.

[hazl] 18/10/2024 09:15

Good old Henry.

[hazl] 16/10/2024 15:14

Tim Roberts, CEO at Henry Boot, commented: "Our joint venture with GMPF has enabled the delivery of a truly outstanding office space in Manchester. This landmark pre-let is testament to HBD's expertise in delivering sustainable commercial office spaces that exceed occupiers' expectations and support them in attracting and retaining the best talent.

Island's unrivalled sustainability credentials make it an attractive site for a diverse range of occupiers and we look forward to welcoming more tenants into Manchester's best-in-class office space to support their business and ESG ambitions for many years to come."

[hazl] 16/10/2024 15:13

Well done Henry.
And thanks kneecaps.

[hazl] 16/10/2024 15:12

Ah well better late than never.

[hazl] 16/10/2024 15:12

Oh no!
How did I miss it!

[hazl] 16/10/2024 15:11

Henry Boot and GMPF secures 45,700 sq ft pre-let to Virgin Media O2 in Manchester



Henry Boot announces that HBD, the group's property investment and development arm, has pre-let 45,700 sq ft of office space to Virgin Media O2 at its JV scheme with Greater Manchester Pension Fund (GMPF), Island, a premium £66m GDV (our share £33m) development located in Manchester's Central Business District.

In October, Virgin Media O2, the British telecommunications company, agreed to pre-let a total of 45,700 sq ft across the top five floors on a 10-year lease, which represents c.50% of the office space in the building.

Virgin Media O2 will relocate several regional sites into a single city centre location, creating a northern hub that will host, among other teams, the company's customer service agents who provide specialist support on a range of customer issues.

The site was initially acquired by GMPF before HBD became a 50/50 joint venture partner in 2019, assuming the role of development and project manager. HBD achieved planning permission to develop Island in 2021 before building works commenced in 2022. Once complete, Island will provide 91,000 sq ft of prime workspace space across nine floors.

Employee wellbeing and sustainability are at the heart of this premium office development which is targeting BREEAM 'Excellent' and EPC A ratings. HBD has also signed a 5* NABERS Design for Performance Agreement with The Building Research Establishment, with an aspiration of reducing energy further, where possible, towards a 5.5* rating.

Island is expected to complete by the end of October 2024.