KEEPING CALM MIKE
11 Dec 2015
Re: Trading up date Nice hike today in a falling market, the ftse is back down to 6,000 !!, and Belway are stompning ahead, £30 could be round the corner in the next few months , sit tight Bernie . K.C.M.
Boring Bernie
11 Dec 2015
Re: The share that keeps on giving Indeed it does, another excellent update today.I reckon we'll be looking at growth in eps of closer to 20% than 15% now and quite possibly in excess of thatHappy days
coldingham
11 Dec 2015
The share that keeps on giving If only all the shares I invest in had a management like this oneYou keep thinking "look at the rise in the share price! Is it time to take some profit?"Time and again the answer has turned out to be "No!"Even at the current price there is an argument for buying more if and when the dips arrive
highsnlows
04 Nov 2015
Out of the ashes .... a time to BUY.The recent fall is due (imo) to the down-rating by analysts Liberum in the Guardian news article yesterday. They changed their view from Hold to Sell on Barratt, Persimmon and T.Wimpey; whilst recommending Bellway and Gleeson. But as usually happens, the sector as a whole has sunk.This is an excellent opportunity to buy whilst the price is depressed.HnL
Boring Bernie
13 Oct 2015
Finals A couple of months ago ( [link] ) I thought eps would come in between 210 and 220p. how wrong was I ? Wwe actually came in at 231 ... and a half p.Growth is likely to slow this FY, but revenue growth of up to 10% is being talked about which, with ( hopefully ) increasing margins should really deliver 15 to 20% growth in eps so it looks like the gravy train isn't over just yet.The usual caveat of what happens when interest rates start to rise should be applied, but some of that is presumably already built into the price, so there doesn't seem any compelling reason to take any significant profits here just yet.
II Editor
20 Sep 2015
NEW ARTICLE: Trends and Targets for 21/09/2015 " BELLWAY PLCÂ (LSE:BWY) starts our week of looking at Sector; Household Goods & Home Construction. Or to give its posh name, FTSE:NMX3720. With the sector currently trading around 15700 points, we'd suggest constituents will face some happy ..."[link]
dazedandconfused
07 Aug 2015
Re: Trading up date a minor change...
KEEPING CALM MIKE
07 Aug 2015
view Neil Veitch, manager of SVM UK Opportunities Fund (GB0032084815), believes housebuilder Bellway's (BWY) improving cash-flow profile may be accompanied by increased returns to shareholders."UK housebuilders are seen by many investors as poster children for bad behaviour," he says. "Any money made during the good times is duly squandered when the market turns. This pattern of behaviour was confirmed during the financial crisis when savage land writedowns and rights issues became the norm. But the sector has confounded the cynics this year and, although it may be due a pause in the short term, it appears unlikely that it is going to return to its bad habits any time soon."Housebuilders are ultimately large sausage machines: they put land in the front end and after some processing it comes out on the opposite side. Land pricing is therefore critical to housebuilders' profitability. The current market is incredibly benign and likely to remain so - smaller competitors can't access finance while the listed sector is largely focused on returns rather than growth."Bellway, the UK's fifth-largest housebuilder, trades at an unwarranted discount to the wider sector. While some of its peers have sought to limit volume growth to focus on returning cash to shareholders, Bellway is looking to increase the number of homes it builds by around 30 per cent over the next few years from its current figure of around 7,700. This is a sensible strategy designed to take full advantage of the current operating environment."Bellway's management has historically been viewed as one of the more conservative teams in the industry and has an excellent track record of delivering its stated objectives. The company's recent trading update highlighted both the strong trading conditions and the tight grip that has been maintained over construction and administration costs. As Bellway expands we expect its improving cash-flow profile to be accompanied by increased returns to shareholders."
KEEPING CALM MIKE
07 Aug 2015
Re: Trading up date Bernie, dont worry, I hope your typo comes true !!, lets get to £30 first . Re projected interest rate rises, I think has been factored into the prop stocks by the market, and we are only going to see minimal rises which will not have a large impact in my opinion. Lets see, keep banking the divis , K.C.M.
Boring Bernie
07 Aug 2015
Re: Trading up date Gah, typo"If it breaks £40 " should have been "If it breaks £30 "
Boring Bernie
07 Aug 2015
Re: Trading up date Re "Bernie you still on board,?"No reason to sell yet Mike.Plug all the numbers from the update into a calculator and you're looking at between 35 and 40% growth in eps to something like 210 to 220pReservations and order book still rising, so there's more to come.The fly in the ointment will appear when interest rates start to rise, but I reckon that'll effect sentiment more than anything. If it breaks £40 before then I might be tempted to sell a % of my holding, but we'll get a further update when the results come out in October so I'm expecting to just keep pushing my "target" ( such as it is ) up.
KEEPING CALM MIKE
07 Aug 2015
Trading up date Good reading, and great prospects ahead. My target of £25 from May is in sights . Bernie you still on board,? K.C.M.
Boring Bernie
05 Jun 2015
Re: Interim statement I've been here for years Mike, I'm not going anywhere till the housing market looks like it's going to turn.Anyway, completions up ~ 12%Margin up to 20% from 17.2%Average selling price up to 220k from 213k andReservations still growingI think most of the good news is already built into the price for now, but, longer term, it's all looking good. I'm not expecting the returns I've seen over the last five years, but I'd still expect decent double digit ( 10 to 20% ) annualised returns for a few more years yet
KEEPING CALM MIKE
05 Jun 2015
Interim statement Issued today, good reading to me , and positive support to the sector with the election out of the way. This weeks wobble in the market has taken the edge of most stocks, so lets see what the next few months will bring , I can see £25 on the horizon.Bernie are you still on board?? K.C.M.
II Editor
29 May 2015
NEW ARTICLE: The week ahead: Amec Foster Wheeler, Dixons Carphone, Bellway "Monday 1 JuneTrading statementsFormation Group, Global Brands, Syqic, Camco Clean Energy, SVG Capital.AGM/EGMKeywords Studios, Flying Brands, Aeci, 2015 Silence Therapeutics.Tuesday 2 JuneOil services firm LSE:AMFW:Amec Foster Wheeler will ..."[link]
