Onwards Fell from 14 quid to a fiver in 3 months. Fell too far |
I reckon he will be buying stock again. Directors spent over 2m quid at 7.40 backend of last year. Now 5.40!!!! |
Analyst call in 10 mins so let's see what Mr Fitzgerald has to say |
The bears were looking for more misery but we'd had enough of that in Q4. Good start to the day helped by inflation numbers but hopefully the bottom is in. Buy and hold :) |
Spot on x. Calling the bottom here at a fiver . Onwards back to a tenner |
It was what I was expecting. No rockets going off but more importantly, no more stink bombs ! I wanted a steady the ship update and this is what this is. They've had to reorganise the divisional structure which they've done and they're stating that there is no systemic cost mis-management outside of South Division. Profit in line with the 24/12 update but debt £20m less which is obviously a positive. The 25 outlook is uncertain but as we know the sector is facing headwinds re inflation although CPI figures at 2.5% today will probably help. They're binning all the non commercial business and focussing on profitability. They will use scale to manage cost inflation and the NI change is manageable. Govt affordable homes program will be key to drive momentum in the partnership and retail space but as yet that's an unknown. SP been battered, no stinking news, steady as she goes. |
And by the way this will be up! |
I think you mean stonking not stinking-the two words are diametrically opposite |
How did you work out that maths? The corresponding earnings number is 61p for 2025, so its a PE of 8.5
Eric |
If they have then the business is trading on a forward PE of 5 before any further buy backs. I think this is the bottom at 5.20 |
Peel Hunt cut their FY25 forecast another 15%, to 290m of pre tax profit if Im reading things right
Eric |
It'd have been stinking if there hadn't been the previous warnings. It'll not move the needle in any direction. |
Well played xclusive - update draws a line in the sand from 24th Dec update. Outlook statement is v positive |
The Group expects to make year on year progress in both profit and cash generation in FY25 and will provide an update on its medium-term targets with the full year 2024 results announcement scheduled for 26 March 2025 |
Absolutely stinking update. Just what the market needed |
Confirmation that past issues are behind them along with a good outlook statement could see this climb 20 percent today. It's fallen from 14 quid to a fiver which is way way overdone. Fingers crossed for a hard bounce today. 6 quid for starters |
61% drop in little over 3 months, how come almost 2bn more for Vistry invested in inventory ?, at a time when land prices have been falling ? seem to make a habit buying stuff that is falling in value they had 0.4bn net cash, now over 0.2bn net debt,an equally worrying trend. Interested to see the update though, as I do like to read the occasional horror story. |
xclusive,
Fair comments. That's what makes a market.
Let's see what they have to say, as well as the TUs from other HBs. |
Good to see PSN holders having its gains today. ST,I disagree with market needing a long time to forgive Vistry. The market is expecting more poor news tomorrow but I believe it's going to be better than expected and if so it'll bounce as some shorts will close. I also believe 25 is going to better than the doomsayer prophecies. As stated, i believe 24/12 was the last of it, if it isn't then GF has let all shareholders down and there will be calls for his head, the fact that he's still there could be viewed as a positive as it could suggest the worst is over. If it's poor news, it gets bashed again and it really would become a buy for one of the other players. I'm sure GF and the insiders will be doing everything in their power to avoid that outcome. If it's more shoite, c'est la vie, you're only a loser if you're realising losses, I won't be. |
Imjustdandy
"Could see a sharp rise tomorrow"
It depends on whether the CEO resigns and the market believes what they saying.
I expect they will say similar to before that there's no more skeletons in the cupboard to try and calm nerves. However, it'll take a long time for market to believe them. |
I reckon the bottom is in here at 5.20. Could see a sharp rise tomorrow. Red or Black trade for the brave but downside looks in |
https://markets.ft.com/data/equities/tearsheet/forecasts?s=VTY:LSE#:~:text=Share%20price%20forecast%20in%20GBX,the%20last%20price%20of%20527.50.Soon know which Broker has a grip on Vistry position. |
Good to see long suffering PSN holders having a bloooo day. Will give a lift to the sector but no guarantees with Vistry but have we bottomed out and short closing in play ? |
PSN update far better than I was expecting. Let's hope that ours is too . |
inflation, poor affordability for houses, higher cost of labour, unprofitable projects, interest rates going north, so much for the capital light, partnership approach which in part amplifies the risk.
When you look at post Christmas share trading following the shambles of an update, shorter's have taken 20m against retail buyers, I would not be one to go against that strong negative opinion, just as well there were buybacks otherwise would be far worse, not that bright to be betting against the hedge funds and increase debt.
What business are you investing in now? is it one that can manage 10% margin or not and on what volume, this can easily go sub 1bn, unless there is a big turn around, and clean up the act, but with so many headwinds, that seems unlikely near term, be interesting to read update. |
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