Bellway Forum

Welcome to the new Bellway stream forum! Messages posted in the Bellway stream will be logged here for posterity.

"Bellway continued its growth momentum and performed strongly in all key metrics. The company recorded robust sales, which is reflected by a surge in the weekly reservation rate. Bellway benefitted from the favourable housing market and consumer demand, and was well supported by availability of affordable mortgage finance. The introduction of ‘Help to Buy’ scheme eased the burden of customers to purchase new homes. Customer confidence remained strong, with a low cancellation rate of 11%. Bellway plans to invest the proceeds from the sale of Barking Riverside in additional land opportunities to generate high returns and enhance shareholder wealth. Going forward, the company plans to open a 19th operating division in the North of England in the first half of the next financial year. The company remains on track to meet expectations for the full year, aided by solid forward sales position and a rise in the average selling price." Beaufort note out this morning, scraped off of research Tree