Boot (henry) Share Discussion Threads

[hazl] 11/6/2024 14:36

My best guess is that many of the competitors will be on the back foot with regulations so BOOT might be preferred.

EI Your chatter before this was the idea agricultural land might be compulsarily procured was it not?

A way off I would imagine if it happened.



Who knows?

Management seem quite canny and focussed it seems to me.


IMO

[rmillaree] 11/6/2024 14:16

However, IF planning changes resulted in a significant amount of land becomming available for development (that under current rules would not be granted permissions) then you could make a case that BOOT's existing land holding will be both less profitable and less valuable - the bearish case.

i think there is reason enough to believe that an overall improvement in planning should be positive for boot - remember they tend to not upwardly value stuff - so even if its lost potential gain that simply might mean that tehy dont geta bumper payday they were never expecting in the first place.

At the end of teh day - if peeps can buy stuff and know planninmg will go through quicker - i would expect that stuff to become more desirable simply due to uneertainty and delay and unecessary cost being taken out of the system. I doubt there is ashortage of money willimng to invest in prime redeveloment land - the shortage is more likley to be in the expertise in getting deals completed and delivered as final product - boot should be perfectly placed in that regard.

so even if there is an initial hit - if workflow is materially upped going forward or is easier to do that gain imho probably outweighs any hit to the downside perhaps

[essentialinvestor] 11/6/2024 14:05

The value in BOOT is in their land holdings and expertise in the planning process.

I don't think what LAB propose will be anything like a free for all, there will remain a lot of hurdles in gaining planning permission.

However, IF planning changes resulted in a significant amount of land becomming available for development (that under current rules would not be granted permissions) then you could make a case that BOOT's existing land holding will be both less profitable and less valuable - the bearish case.

Whether that transpires in reality, I expect Not to a significant extent - but then again, I don't have a crystal ball.

[hazl] 11/6/2024 14:03

Again secondhalf weighted, means we are going into the better half of the year and that is what this announcement this morning symbolises, to my mind.


I am pleased.

[hazl] 11/6/2024 14:01

We are talking about an organisation that started making plans in 2021.
You might enjoy this I did.

[hazl] 11/6/2024 14:00

Hardly inferior here rm!

'We're thrilled that our new head office, the Isaacs Building, has been shortlisted for the Design Excellence Award at the Insider South Yorkshire Property Awards.

We're keeping our fingers crossed for a win on the 11th of July!'


Henry Boot.

[rmillaree] 11/6/2024 13:20

it is worth getting these things done early before regulations force you.
you could be right - if there is a mad rush at teh time they may have to pay an arm and a leg - my point is valid thoughb thats sometimes going too soon means you ghet an inferior product compared to waiting ref soem of the new fangled stuff like solar poanels etc

[hazl] 11/6/2024 12:57

The Dow isn't looking too good today and that might make a difference .

[hazl] 11/6/2024 12:43

rmillaree....it is worth getting these things done early before regulations force you.
I see regulations and attitudes changing at the moment from my reading in other areas.

Just my opinion.
Building industry EI might know better than I but I think the green element will be increasingly important, across the whole spectrum of industry.
The moves they have made with the woodland stated in the RNS, and the moves they have made as a company being 79% better in their carbon footprint, shows me they are likely to have longevity, which is what I am looking for .

[hazl] 11/6/2024 12:34

You seem quite worried about this EI?

To be honest I think that is where I read his reservations.
If you look the company has said that it will be second half weighted.
But is understandable.


Every person has to do what research they can and form their own judgements.

I appreciate you have been in these a long time.

I just like them the market is funny everywhere just now so each to their own.

[rmillaree] 11/6/2024 12:14

does one need to be ahead of teh pack though

if we have Boot and competitor company who makes teh same investment in 5 years time who is going to have the best eco solution - each year the best in class stuf probably moves on somewhat so with alot of this eco stuff its posible to be investing too early sometimes - eg if you are buying solar panels now or in 5 years time what is the change in efficiency going to be comapring the now and teh 5 years in then future. Dont get me wrong every company has the right time to invest for them - and in some respects if they are ahead of the pack they are less likely to have near term legacy costs if some others only take teh plunge when forced to. Being frank i suspect we are close to the point where well designed sensible eco probably could pay for itself in the long run - if one likes plants looks like the new place is teh place to be

[essentialinvestor] 11/6/2024 11:46

It may be worth asking hp to briefly detail his reservations on the SHA board.

[hazl] 11/6/2024 11:29

You see I think Henry Boot are a step ahead of the pack.
Whatever happens short term they are planning for the future.
Last year they moved to their new headquarters at Sheffield.



'The move will also play a significant role in the company’s aim to reduce its carbon footprint and support its goal of being net zero carbon by 2030, with an expected carbon emission reduction of 79% compared to the former HQ at Banner Cross Hall. Since 2019, Henry Boot has reduced both its Scope 1 and 2 emissions by 12% and reduced its gas and electricity usage by 37% and 9% respectively. An ambition to accelerate reductions in energy use and emissions was a material factor behind the move.'


IMO

[hazl] 11/6/2024 10:25

Mid price seems a bit off.
People are paying 212.


IMO

[hazl] 11/6/2024 10:05

It's been going over 135 years!

[hazl] 11/6/2024 10:03

Again the chart looks over it's lows, to me but I could be wrong.

A 'W' formed and the worst of the financials were back in 2020 2021 understandably with the pandemic.

Financials seems to be picking up since.

[hazl] 11/6/2024 09:59

Yes I read that further back,too.
I think speculation on what politicians do is a good practice, but we will have to see the result, if they get in.

Respect for everyone's views.

Trying to pick a few that have a good track record over time but agree that there are many factors affecting outcomes.

Thanks EI.

[essentialinvestor] 11/6/2024 09:40

I hold the shares and have known the business for decades.

While disappointing not to see some of the non execs adding recently, it's also possible to read too much in to this.


hp, has made a bearish case that planning changes under a LAB government will impact their land management division.

I think this may be an oversimplification, but let's see what LAB do.

[hazl] 11/6/2024 09:39

Anyway I repeat.


Tim Roberts, CEO of Henry Boot, commented: "The recent site sale to Mulberry Homes underscores both our land promotion business's expertise in securing planning permission for complex sites and the continued demand from housebuilders, who are showing encouraging levels of interest for sites in our prime portfolio. As a result of Hallam's efforts, 75 new homes can now be delivered in an area of acute housing shortage, and we have also been able to generate attractive returns for our shareholders."

'attractive returns for our shareholders'

[hazl] 11/6/2024 09:35

Perhaps they will too.

Who knows?

[hazl] 11/6/2024 09:33

Yes I noticed your negative stance further back on the bb EI.

I think the PE Ratio is very reasonable though, compared to many companies presently
and this company has been about a long time.

We will see.

IMO

[essentialinvestor] 11/6/2024 09:30

* yet not one member of the BOD has added recently.

[hazl] 11/6/2024 09:19

Tim Roberts, CEO of Henry Boot, commented: "The recent site sale to Mulberry Homes underscores both our land promotion business's expertise in securing planning permission for complex sites and the continued demand from housebuilders, who are showing encouraging levels of interest for sites in our prime portfolio. As a result of Hallam's efforts, 75 new homes can now be delivered in an area of acute housing shortage, and we have also been able to generate attractive returns for our shareholders."

'attractive returns for our shareholders'

[hazl] 11/6/2024 09:07

What I notice about these places now is that they are fitting in with the new direction of leisure and or activities available in open spaces around the housing.

'for a total of 75 homes as well as a 12 acre community woodland. The consent also includes local highways improvements, green infrastructure and a children's play area'.

This is definitely happening elsewhere,too, where they are encouraging people to stay more local.
Good to have amenities close at hand though.
Especially for families.