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VTY Vistry Group Plc

4.50 (0.57%)
Last Updated: 16:20:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vistry Group Plc LSE:VTY London Ordinary Share GB0001859296 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  4.50 0.57% 795.50 766,896 16:20:23
Bid Price Offer Price High Price Low Price Open Price
794.50 795.50 797.50 785.00 797.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gen Contractor-oth Residentl 2.73B 204.35M 0.5911 13.42 2.74B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:30 O 216 795.00 GBX

Vistry (VTY) Latest News

Vistry (VTY) Discussions and Chat

Vistry Forums and Chat

Date Time Title Posts
14/11/202318:29Vistry Group - the UK housebuilder1,361

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Posted at 29/11/2023 08:20 by Vistry Daily Update
Vistry Group Plc is listed in the Gen Contractor-oth Residentl sector of the London Stock Exchange with ticker VTY. The last closing price for Vistry was 791p.
Vistry currently has 345,726,600 shares in issue. The market capitalisation of Vistry is £2,745,069,204.
Vistry has a price to earnings ratio (PE ratio) of 13.43.
This morning VTY shares opened at 797p
Posted at 14/11/2023 18:29 by wad collector
Dunno who gave you thumbs down for that!

Capital allocation - targeting £1bn of total shareholder distributions over the next three years

· The revised strategy and sole focus on partnerships is expected to result in a significant release of capital as assets from the Housebuilding division are redeployed into Partnerships and the Group adopts a model of pre-selling an average of c. 65% of plots across the business

· Maintaining a strong balance sheet with the return to a year end net cash position in FY24 and the elimination of average net debt in the medium term is a key priority

· The Group will invest in the Partnership land bank to deliver growth in line with its strategy and medium-term targets

· The Board intends to pursue a two times adjusted earnings ordinary distribution cover in respect of a full financial year, with such distributions made through either dividends or share buybacks (the "ordinary distribution")

· Recognising that the current share price significantly undervalues the Group, it is intended that the ordinary distribution in respect of the 2023 financial year will be made through share buybacks in lieu of any dividend, and the Group is today announcing its intention to launch an initial ordinary share buyback programme of up to £55m which is expected to commence in November 2023 and be completed ahead of the announcement of the Group's Full Year results in March 2024

· Any surplus capital following investment in the business to support the Partnerships growth strategy and the ordinary distribution, would be expected to be returned to shareholders through either a further share buyback or special dividend, with the method of capital return to be determined by the Board considering all relevant factors at the time

· The Group is targeting £1bn of shareholder distributions over the next three years including the ordinary distribution alongside the elimination of net debt
Posted at 15/9/2023 09:44 by essentialinvestor
Share price is Up 85% since last October's low.

VTY trouncing the rest of the sector atm.
Posted at 11/9/2023 15:41 by t-trader
Sikh is about as clueless as they come!!!

He should focus on his own shares such as TLY which has lost more than 2/3rds of its value this year. He fails to mention how much he has lost there despite his endless ramping of it.

Yet he spends his time focusing on house builders which he doesn’t own and puts out endless desperate attempts to talk the share prices down. So far his desperate de-ramping has yielded great results for my house builder purchases, so keep it up please while i bag more dividends and share price appreciation :)
Posted at 11/9/2023 11:07 by sikhthetech
Partnerships are fine when housing market is falling.

You have to ask whether they are moving to a pure partnership model because they believe the housing market is going to fall further, which will back the bear case on housing market.

They plan to return only £55m in November.

Pre-tax profits down 8.4%
EPS down 43%

Vistry leaps; targets £1 billion investor returns and strategic shift

Vistry Group PLC (LSE:VTY) soared 16.5% to 932.52p after it announced a shift in strategy and plans for bumper returns to shareholders.

The firm said it plans to focus its operations on partnerships by merging its housebuilding arm with its partnerships business and distributing £1 billion to shareholders over the next three years.

It is also aiming for revenue growth of 5% to 8% per annum, operating profit of £800 million with a 12%+ operating margin.

Vistry said the £1 billion returns to shareholders would be made via dividends or buybacks starting with a £55 million buyback, expected to commence in November.

It said the buyback would replace a dividend this year given it feels the current share price significantly undervalues the group.

The news came alongside half-year results which saw guidance of in excess of £450 million for adjusted pre-tax profit for 2023 reiterated, as the firm reported adjusted pre-tax profit fell 8.4% to £174.0 million from £189.9 million while EPS slumped 43.2% to 38.3p from 67.4p.
Posted at 11/9/2023 10:44 by sikhthetech

"cynically the Bod have an incentive to raise the share price via buybacks to meet option targets."

You're not wrong.
The figures are skewed because of the Countrywide acquisition.

Complete change of direction carries higher risk. There's a lot of Ifs, Maybes.

Offering to return £1bln over 3 years is a lot. Normally companies have a standard resolution to buy back 10%. Do VTY currently have a mandate from shareholders to return more via buy backs?
Posted at 11/9/2023 07:25 by garycook
Blackhorse your very welcome to Greencore. Think your making a big mistake VTY could double the share price
Posted at 08/9/2023 12:00 by essentialinvestor
Vistry is nearly 60% Above last autumn's plunge low. Sik, worth reading that sentence.

The VTY share price cycle low looks in - barring something significantly adverse with
Countrywide integration. Routine sell offs will still happen, particularly if wider equity markets weaken
and they can be sharp, but back near £5, looks very unlikely.
Posted at 09/8/2023 13:27 by fuji99
As China deflation may add more pressures on its growth, there will be a domino effect to the economies in the West. This will be felt particularly by house builders and retailers. If interest rates are staying too high while job creation stagnates, it will become riskier to buy a house or a luxury item. IMO home builders will suffer throughout 2023/24. Not the time to buy this sector as every bad news will directly affect the share price on a daily basis. I cannot see any coming positive that will keep the share prices at levels where they are now.
Posted at 06/7/2023 09:44 by philanderer
Vistry’s resilience isn’t priced in, says Liberum

The partnerships division at Vistry (VTY) sets it apart from other housebuilders and provides resilience to the group, says Liberum.

Analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 980p on Citywire Elite Companies AA-rated business, which fell 0.8%, or 5p, to 663p on Wednesday.

Campbell hosted a ‘fireside chat’ with Stephen Teagle, chief executive of Vistry’s partnerships division, and said that that is a ‘key differentiator and will soon generate more than half of group sales’.

‘We learned that deep and long customer relationships are the moat that protects high returns in this capital-light business, and that cost and demand risks are well managed,’ Campbell said.

‘Housing association demand remains strong and will continue as the shortage of housing is most acute in social and shared ownership housing.’

Campbell noted the ‘resilience of partnership’ should ensure Vistry’s ‘returns prove much more stable than the peer group’s, which is not at all reflected in the share price’.

‘We see around 50% upside to our sum-of-the-parts-based target price,’ he said.
Posted at 01/3/2023 09:56 by careful
House prices down about 1% in a year so the VTY share price falls.

They cannot even measure house prices that accurately, they have tripled over the last 20 years and they quote stupid numbers such as 1%.
I suspect that houses are not selling at the asking prices, transactions are down and many people give in rather than sell at a realistic price.

House prices have been stupidly overpriced by any measure.
In recent years they halved in Spain and collapsed in Northern Ireland.

Because of heavy government tax subsidies, housing benefit, shortages, zero capital gains for our prime residential property, and other benefits, house prices in the UK seem immune from realistic market forces.

so the industry makes a fuss of a 1% fall...wake me up when it hits 20%....look at the share price of my VTY shares.
that is what I call a fall in price.
Vistry share price data is direct from the London Stock Exchange

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