Boot (henry) Share Discussion Threads

[retsius] 30/8/2017 18:16

IC buy(yesterday)
Not the rise I expected!

[retsius] 25/8/2017 15:43

Shaunay2
Excellent find. Mirrors my own thoughts exactly..... now for ST's comments.
R.

[shauney2] 25/8/2017 13:25

You pays your money as they say.Is that an up to date Numis?

finnCap reiterates Buy 398p target.

From Motley fool



Henry Boot (LSE: BOOT) raised its expectations for 2017 as early as its AGM in May. Today, it reported a good first-half performance and said momentum has continued into the second half, in line with the upgraded expectations.

First-half operating profit was 8% ahead of the same period last year and earnings per share (EPS) increased 10%, with the company seeing “higher levels of activity across all business segments.”

Boot’s activities range from land promotion, property investment and development to plant and tool hire and operating the A69 toll road. As such, most of its businesses are exposed to economic cycles. However, it said today: “Whilst we remain mindful of a continued degree of economic and political uncertainty, sentiment amongst our customers and clients remains positive.”
Conservatively managed and cheap

Boot maintains a robust balance sheet to weather periods of economic turbulence. Net debt at 30 June stood at £62m, giving conservative net gearing of 26%, and management said it expects land and property receipts in the second half to reduce debt and gearing further still by the year-end.

The share price is little changed at 305p on the back of today’s results, valuing this FTSE SmallCap firm at £403m. Analysts are forecasting EPS of around 25p for the full-year, 16% ahead of last year’s 21.5p. This results in a price-to-earnings (P/E) ratio of 12.2 and a price-to-earnings growth (PEG) ratio of 0.76. On the dividend front, the board lifted the interim by 12% today, suggesting a full-year payout of above 7.8p and a yield of 2.6%.

The low P/E, a PEG below the fair-value marker of one, a dividend covered more than three times by earnings and conservative management of the business combine to make this a stock I’d buy and hold for the long term.

[3rd eye] 25/8/2017 12:31

Got a problem in that Numis think it is already fully valued.

Boot (Henry) PLC BHY Numis Hold 0.00 235.00 - 295.00 Retains

SP target 295p .........present share price 303p

[barrytipper] 25/8/2017 09:55

@retsius I know what you mean. Seems like a decent trading result, but just totally blah in terms of response.

The longer term does seem promising however, so fingers cross we do see some movement in the coming weeks.

[retsius] 25/8/2017 09:09

Good results. Rather surprised by the total lack of interest by the market. Shares usually respond later in the day for some reason,but not getting over excited at the moment.
R.

[3rd eye] 25/8/2017 08:30

Henry Boot hikes divi after good H1 performance


Henry Boot has reported a good first half performance against a strong comparative result in 2016.

Pre-tax profits for the six months to the end of June rose by 8.7% to £22.6m and operating profit was up 8.1% at £22.8m.

Earnings per share rose by 10.1% to 13.1p and the group has declared an interim dividend of 2.80p per share - up 12.0%.

Chief executive John Sutcliffe said: "We are pleased to report another good performance in the first half against a strong comparative result in 2016, with further operational progress delivered across the Group.

"This momentum has continued into the second half of the year and we are seeing high levels of activity across our operations.

"Whilst we remain mindful of a continued degree of economic and political uncertainty, sentiment amongst our customers and clients remains positive and we have a strong pipeline of profitable opportunities.

"The Group continues to trade well and in line with the Board's expectations for the full year."

[retsius] 12/6/2017 11:36

Some mark down today. any views?

[gersemi] 02/6/2017 06:25

IC buy rec today

[shauney2] 25/5/2017 14:34

Henry Boot marches ahead of expectations

25 May 2017 | By Hamish Champ

Property trading and development activity levels deemed to be “very encouraging”

Property developer Henry Boot has delivered an upbeat assessment of trading, which includes a prediction that its final results for 2017 will be “comfortably ahead” of expectations.

In a statement to shareholders at its AGM today the firm said property trading and development activity levels since the beginning of the year had been “very encouraging”, including work being done on the former Terry’s chocolate factory in York, while the UK election had not created the sort of uncertainty which might impact its operation.

Its Hallam Land Management business had seen transactions expecting to complete in 2017 progress as anticipated, with the UK’s major house builders reporting “slightly higher levels of activity and strong demand for new houses”.

A number of projects in its property investment and development arm, including the Aberdeen Exhibition and Conference Centre, were on track, while its construction business was expected to hit its targets.

The integration of Premier Plant Tool Hire & Sales in Leicester, acquired for £2.8m, was progressing well, Henry Boot said, and both the existing and new depots are trading in line with expectations, it added.

[shauney2] 25/5/2017 08:09

Always nice to wake up to a "comfortably ahead" statement.

[the vampire] 15/5/2017 16:08

Director purchase rns

[retsius] 15/5/2017 14:54

Shauney2
Many thanks,thought it was Simon T.
R.

[shauney2] 15/5/2017 14:45

cestnous,thanks for setting up the thread.

finnCap initiates coverage with a buy and target of 398.00

[retsius] 15/5/2017 14:18

Very strong rise today.any guys any info?

[cestnous] 15/5/2017 13:55

!FOLLOWFEED

[pillow] 10/6/2009 16:10

Basil Faulty Considers joining the Board. Oh No!!

[Abuse team] 03/9/2006 13:33

Post removed by ADVFN

[miata] 28/7/2006 17:49

Up another 4.4% to 806p on its last day of trading before the merger.

The reduction of capital is set to become effective before 8.00 am on July
31. At this time the Boots name will change to Alliance Boots.


NEW THREAD
-----------------------------------------------------------------------------------
===================================================================================






-----------------------------------------------------------------------------------

























===================================================================================

[dondee] 10/7/2006 22:05

Tipped as a SELL in Telegraph on 9/7/6.......

[miata] 13/6/2006 12:06

Seymour Pierce 'underperform'. Surprising, reckon there's a bit left to go for.

[danjwalker] 06/6/2006 14:29

Suprising to see no posts on this board after a big resistance level has just been taken out!

[miata] 31/5/2006 10:42

BOOT XD 21p.