Re: Bellway plunge Seems to me that the price just retraced from the spike, and hopefully will now continue upwards as before. The company is very positive about the outlook and it still looks a buy.
mysterious news "Keith Adey, Financial Director, exercised 23,246 shares in the company on the 10th November 2017 at a price of 0.00p"What on earth does this mean? Presumably he had an option to buy the shares for nothing so he bought them!
Re: Bellway plunge Dropped on RICS Survey[link]
Bellway plunge Why the sharp fall in the price today? Does anyone have any ideas?
Re: Results, and looking forward Bernie, Numbers look good to me, at todays price , on a P/E OF 9.84,and divi of 3.3% it is very undemanding, and I very much think the prospect of marching ahead to £40 is on the cards. They need to keep the momentum both on increasing the sales and the market should support the stock, and house expected house price growth to £280K , will all help . Well done Bernie, nothing wrong with banking bit of bunce on the way, wont tell you that many years ago, I reduced my holdings at around £15 a share !!!!!, but more than delighted to have held on to a good chunk too . K.C.M.
Results, and looking forward So, results were as expected. More importantly, we have some guidance on how the current FY might turn out. Average selling price is expected to rise to 280k,from 260.3k, with volumes expected to rise by >=5%.Assuming similar margins to the FY just reported on, gives an expected rise in profits of ~13%, so I wouldn't be surprised to see the sp above £40 some time in the next six months or so.BB ... mutters something quietly about reducing too early six months a
Barratt - the UK's largest house builder by volume - Bellway (BWY), Crest Nicholson (CRST), Countryside Properties (CSP), Redrow (RDW) and Bovis should also profit, with around 40% of their private sales funded by Help to Buy deposits.
Re: HELP TO BUY, is helping boost BWY I'm still holding the remainder of what I had after reducing just below £29 Mike.I think Help to Buy as a policy is deeply flawed, but I'm more than happy to see the sp rise on the back of it !
HELP TO BUY, is helping boost BWY Well last weeks extension of the Help to Buy deposit is certainly helping BWY and other residential prop cos. Bernie you still in ?Knocking on the door of £35 !!! Great long term hold for me, in my 10 year I think. K.C.M.
Trading Update So, with revenue up by 13% and margins improving, it looks like eps for the FY will be up by 14 to 15%.Quite remarkable really, and still continuing to do better than I'd expected, with, based on the order book, double digit growth likely to continue into 2017/18.
Sunday Times Investigation Sunday Times 9th July contains article regarding repairs to sub standard new homes which may interest investors[link] may find this article sheltered behind the paywall)
Re: Trading update Aye, that was a very pleasant surprise that update.I reduced by something like 25% a few months ago Mike, but I'm still holding the rest.
NEW ARTICLE: Bellway at all-time high and set for more "Political uncertainty remains an ongoing talking point both among commentators and investors. Talk currently is that a deal between the Conservatives and the Democratic Unionist Party could slip into next week.Still, for those requiring clarity ..."[link]
Trading update Good positive trading up date this morning and the market likes it, hence the massive 4.5% increase. Bernie you still on board ?? Good long term hold for me , been in them for over 15 years.K.C.M.
Re: Interims Results about where I'd expected as well. However the shares are beginning to look fully valued and I have sold with a 60% gain in well under a year quite apart from the diviStill have faith in Bellway but main reason for selling is market as a whole has had a good run and with various uncertainties kicking around I'm feeling this summer could be a "sell in May.." yearOn that basis I'll be looking to buy on the dips towards the autumn