Boot (henry) Share Discussion Threads

[hazl] 11/6/2024 07:24

Got a few here as seems good RNS and chart looks hopeful for further rise to me.

[kneecaps2] 06/6/2024 13:52

Henry Boot have been very strong today with loads of small buyers but where is the tip and what does it say please?

[carpingtris] 05/6/2024 07:50

HENRY BOOT TO DELIVER SPARK, A £110M LOGISTICS AND MANUFACTURING HUB FOLLOWING PLANNING CONSENT

Henry Boot announces that HBD, the Group's property investment and development arm, has secured Reserved Matters planning consent for three units totalling 464,000 sq ft at SPARK, Walsall, its £110m gross development value ("GDV") industrial and logistical project.



The wider 620,000 sq ft SPARK project is being delivered in partnership with Walsall Council, Homes England, West Midlands Combined Authority and Black Country LEP. The former James Bridge Copper Works site, once the largest undeveloped brownfield site in the Black Country, is currently undergoing specialised remediation works, which HBD is set to complete in Q3 2024.



With optionality to draw down the land in phases, HBD is already seeing occupier interest in this prime scheme and are aiming to begin construction on the first of the three newly consented units in Q4 2024, with a target of being ready for occupation in the summer of 2025. The first unit is expected to add c.£40m to HBD's current £154m GDV committed programme.



Units at SPARK range from 20,000 sq ft to 254,000 sq ft, providing sustainable space at the heart of the Midlands' world-class manufacturing and logistics economy. Located adjacent to junctions 9 and 10 of the M6, it offers market-leading infrastructure and power provision, alongside a strong local skills base. Once the project has been fully developed, it will also be home to a thriving employment scheme, creating as many as 1,100 jobs in the local and surrounding area.

[citys2874] 15/5/2024 07:13

Fabulous news this morning for BOOT and HTG BOTH should be in the top 10 leaders today

[essentialinvestor] 30/4/2024 16:08

He's bought shedloads significantly higher up.


The bear case on BOOT is LAB reforms make planning markedly easier and much more land will become available for development - reducing the need for some of BOOT's land plots and planning expertise. In turn, their exiting land holdings and options also become less valuable.

To me this appears a tad simplistic, but let's see.


Certainly planning reform is pivotol to Labour's house building target pledge, so there are changes on the way next year.

[carpingtris] 30/4/2024 15:58

So we can only assume he's looking to park some money after selling his previous company? Not deep enough pockets to takeover? Or maybe simply looking to get on the board?? Who knows...

He may also shop at Boots? ;)

[essentialinvestor] 30/4/2024 15:37

* apologies, David Gladman.

[shaker45] 30/4/2024 15:28

Henry Boot Serum.- oils the wheels of commerce! .

[cwa1] 30/4/2024 15:16

LOL @ Cromw3ll

[888icb] 30/4/2024 15:15

This is Boot the Builder not Boots the Chemist!

[cromw3ll] 30/4/2024 15:12

I know someone who works in Boots no.7 and the new serums and creams are selling very well. They have great science labs etc. Lots to like at Boots, they are leading edge on some of their products.

[888icb] 30/4/2024 15:02

Actually it’s David Gladman and he was the largest shareholder in Gladman Developments before it was sold to Barratt.

[essentialinvestor] 30/4/2024 14:36

Yup, from memory. John Gladman.

[carpingtris] 30/4/2024 14:18

Assume he's an individual and not a company? weren't Gladman developments taken out by Barret?

Interesting though..

[essentialinvestor] 30/4/2024 13:36

Gladman above 10%.

[hpcg] 02/4/2024 11:50

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.

[essentialinvestor] 28/3/2024 10:49

Still unable to listen to a replay of the conference call - unless the link is on the IR site - if so, I can't see it.

No buys from any of the BOD post results.

[eigthwonder] 26/3/2024 16:22

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.

[essentialinvestor] 26/3/2024 15:36

No reply of tge conference call available yet, U hoped potential planning reforms might be touched on.

[carpingtris] 25/3/2024 17:22

Won't the BOD have been in a closed period?? If they are going to buy I'd suggest it'll be within this next week or so?? That would help with confidence :)

[essentialinvestor] 25/3/2024 14:20

I wonder could this be a factor in John Gladman, not increasing his stake?, or any recent BOD buys.

Wait and see I suppose, but it's not as if a new government can flip a switch and everything resets the next day - these things take time.

[spectoacc] 25/3/2024 14:02

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).

[essentialinvestor] 25/3/2024 13:46

Spec, any view on the point hp made previously, flagging up the potential simplification of planning regs under a LAB government, that may result in BOOT's landbank being far less valuable - potential changes to where you are permitted to build, results in more land being available..
Etc

[rmillaree] 25/3/2024 13:30

i havent had time to dig deep but h2 weighting and the grim outlook ref construction and "changes needed in that sector" make this a poor update on an initial glance. Note its not all negatives housebuilding still tending upwards - but they clearly are struggling to gain traction overall i think.

At least they have reasonably clear objectives and update fairly openly so its all their for us to make our own judgements. Perhaps in construction if they have high expectation of customers they may be losing out to competitors who are happy to take work on (at less than ideal rates?)

I am not unhapy holder but todays update doenst seem great - and i would be less likely to top up that i was yesterday.

Main question is should we be expecting further broker downgrades today ?

[carpingtris] 25/3/2024 12:11

'NAV³ per share is up by 3.7% to 306p (2022: 295p)'

and we are priced at 180p?