Boot (henry) Share Discussion Threads

[jurgenklopp] 02/8/2021 09:49

Another promising JV announced today. I like the way BOOT quietly goes about expanding their business. At some stage value will come out ......

02 August 2021

HENRY BOOT PLC

('Henry Boot' or 'the Group')

HBD announces new JV targeting UK tech sector

Henry Boot's property development business, HBD, and international tech campus developer, Factory, are to form a new joint venture, HBD X Factory, targeting the UK tech sector.

HBD X Factory has been selected as preferred bidder to deliver 45-ha at Cheltenham Borough Council's Golden Valley Development.

The Golden Valley Development covers 200-acres and is expected to create 12,000 new jobs, 3,700 new homes and 2million sq. ft. of commercial space, with Cyber Central UK at the heart of a visionary integrated campus focused on cyber and digital innovation.

The project builds on the presence of GCHQ's headquarters and Cheltenham's existing cyber sector, with the first phase delivering an innovative, mixed use community clustered around Factory's first project of scale in the UK - Factory Cheltenham - which will sit alongside GCHQ.

HBD X Factory will continue to explore new opportunities across the UK, including acquisitions and public/private partnerships with local authorities and other strategic landowners, as it targets large-scale, mixed-use districts and urban regeneration projects with a focus on innovation.

Ed Hutchinson, Managing Director of HBD, said: "The HBD X Factory partnership reflects our focus on delivering large-scale, transformative regeneration projects - the Golden Valley Development is a hugely important project for Cheltenham, the South West region and the wider UK tech sector and we look forward to working alongside Factory to bring the scheme forward."

[george stobart] 27/7/2021 17:24

Roditi wants to merge Harworth Group with Henry Boot (BOOT.L), that's why he's been building big positions in both.

Both have significant land bank in industrials and logistics plus resi plots.

The recent St Modwen takeover shows there's significant value in development land within these sectors

[my retirement fund] 21/7/2021 06:56

They are really getting in on the act of buying and building those giant aircraft sized distribution warehousing sites now. I guess they'll want to do the same thing to the Welwyn site as they are doing to the Wakefield site. You only have to look at the specialist property trusts in this sector who's valuations are off to the moon to know how hot the sector is and here is Henry Boot quietly getting on with it currently under the radar.

[shaker44] 21/7/2021 03:45

V good write up by Edmond Jackson. At II. Encouraged by inside buying, and trading exceeding expectations. Often overlooked but worth tucking away imo. Much more upside than downside.

[essentialinvestor] 19/7/2021 20:28

Very nice update.

[rmillaree] 19/7/2021 19:56

Well at last boot is starting outperform the market :)

[jurgenklopp] 19/7/2021 07:45

Tremendous update.
Quite frankly BOOT remains one of the best quality investments in the sector.

[rettah] 19/7/2021 07:35

Good update: "performance for the full year is now anticipated to be ahead of the Board's expectations."

[carpingtris] 13/7/2021 20:29

one of these days..

[melegramfortongo] 13/7/2021 20:05

And that’s just what they’ll do

[herekittykitty] 12/7/2021 22:28

These boots are made for walking

[sumday] 09/6/2021 20:08

Thank you for your reply.

[essentialinvestor] 09/6/2021 20:01

Valued at the cost of acquisition, before a land sale completes.

So currently Boot has over 15,000 plots in the landbank With planning permission
and another 8,000 plus at various stages of the planning process etc.


As they have just sold 116 plots for over £2 million, it gives some idea of
the value added.

[sumday] 09/6/2021 19:32

Hi Essential. What do you mean by “valued at cost”? Is that an agricultural value?

[essentialinvestor] 09/6/2021 14:32

Need to clarify an earlier post where I mentioned the Boot family
hold under 20% of the equity, this is incorrect.

I took account of notifiable holdings only, apologies.

[essentialinvestor] 09/6/2021 14:23

On NAV, the BOOT landbank is valued at cost.

No adjustments are made for progression through the planning process.
Only on sale is the value to the Company accounted for.

This leaves the Henry Boot NAV calculation at a very significant discount to
the intrinsic value imv.

[essentialinvestor] 08/6/2021 13:50

Added 11k on that little dip in 3 separate trades.


Possibly dip under 2.70 again?.

[carpingtris] 08/6/2021 12:07

@ johnsoho - same here

[essentialinvestor] 08/6/2021 11:47

Does that merit an RNS, it's just a few plots.

[johnsoho] 08/6/2021 11:38

carpingtris now got my dividend from Lloyds.

[rettah] 08/6/2021 09:09

Shows the potential value of the 90,000 land plots they have if/when they achieve planning for them.

[cwa1] 08/6/2021 08:23

Land sale...



Henry Boot completes £2.6m residential land sale with Barratt Developments



The Group's land promotion business, Hallam Land Management (HLM), has completed the sale of 116 plots to national housebuilder Barratt Developments at a total price of £2.6m. The site is located in Burdiehouse, on the edge of Edinburgh and represents the third in a series of completions on the site, which in total has now sold 449 plots in three separate phases for a total price of £12.8m.

[essentialinvestor] 02/6/2021 15:23

I'm hoping some may get a little board here and Boot becomes available lower down,

higher prices great if you want to sell stocks, not so much if you want to buy

or add.

[shaker44] 02/6/2021 15:20

No div yet on Iweb