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henry boot shares now 300p whoopee i am well in profit wheres that proofreader //????
Henry Boot.....if wrong, please correct me. Nice to see it moving up these last few days...currently 279.76p
Weird that the RNS for results released on 24th March are not showing on this website. Had to log into Stockopedia to get the update. GLA
Up again. GLA
Rise this week has been long overdue with target price of 280. Results due 24th March will beat market expectations so looking for a further boost to the SP. GLA
Another good one with good prospects for coming year. Nice to see residential completions now on tap - another string to their bow. No brexit effectnin sight. Must be time for an upward rerating.
Simon Thompson of IC today says in update- A boot'ful investment The key takes for me in the half-year results of small-cap property and construction company Henry Boot (BHY:208p) was not that it's trading ahead of previous expectations after land sales were completed earlier than expected ('Boot'ful land sales boost Henry Boot', 9 Jun 2016), but that activity and deals are progressing as envisaged with little negative impact since the Brexit vote. Land development division Hallam Land secured planning consent on more than 4,100 plots in the six-month period and now has 15,183 plots across 47 sites for sale, and a further 9,500 plots across 18 sites subject to planning applications. Pricing levels since the EU referendum have been maintained and the £111m book value of land investments, held at the lower of cost or net realisable value, affords substantial asset backing. A doubling of Hallam Land's first-half operating profits to £13.3m, and a 50 per cent-plus rise in profits from commercial property developments were the key reasons behind Henry Boot's pre-tax profits and EPS rising by half to £20.8m and 11.9p, respectively. Full-year EPS expectations of 20.3p support a raised payout of 6.5p a share and look well within reach. Moreover, as the pre-let commercial development pipeline completes over the next few years this will result in the company being cash-flow-positive, thus placing it in a strong position to exploit any acquisition opportunities. In any case, net debt is already comfortable at 25 per cent of shareholders' funds, so the company's balance sheet is hardly overgeared. Henry Boot also holds £118m of income-producing investment property, so offering further asset backing, and a de-risked commercial development pipeline, both of which are supportive of decent earnings growth in the years to come. True, the shares have yet to make any meaningful headway on my 205p buy-in price ('A bootiful investment', 19 Feb 2015), but I still believe this is a rock solid company and one where my heavily discounted sum-of-the-parts valuation of 280p a share is warranted. Buy.
Tips a plenty this weekend on BHY and its one of Simon Thompsons (IC) favourites-he has yet to comment but will no doubt do so this week in his column. He has a target price of 280p so plenty to go for here.
Dont take offence mate , but you cant talk it up. The market was expecting bigger numbers and maybe a special divi these didn't transpire so this share will tread water. The same happend to me today with CCC.I got caught on worse numbers than expected and only a small rise in the divi The only difference is that they will probably payout a special at the end of the year due to excess cash. You win some you lose some GLA..
See article http://www.iii.co.uk/articles/349471/stockwatch%3A-20-upside-here
Motley agrees Henry Boot (LSE:BHY) reported a strong performance in its half-year results this morning. The group, whose operations extend across housebuilding, commercial development, construction and plant hire, said pre-tax profit advanced 49% on increased revenue of 35%. The shares have moved higher in early trading, and at 208p are back to their pre-referendum level. Management said that so far since the Brexit vote it's been business-as-usual, but what I particularly liked was the following comment. "The completion of our commercial development pipeline in progress, largely already pre-let and/or pre-sold is likely to see the Group be cash generative over the next two years and, should the post referendum world prove to be more turbulent than we are experiencing at the moment, these internally generated funds should provide the resources to acquire competitively priced opportunities for the next cyclical growth phase". Trading on a price-to-earnings (P/E) ratio of just 9.9, an attractive price-to-earnings growth (PEG) ratio of 0.5, and with a handy 3.2% dividend yield, this looks a VERY BUYABL stock to my eye.
Thanks for your views guys-lets wait and see what the next week or two brings.
I agree with goldust on this one. I usually lean towards banking profit but I am absolutely convinced that there is way more upside than downside. And i need some shares with low risk like this to balance out others! The BoD doesnt do much to manage sp between statements so they can drift a little then spark up again on results. Clearly something was known as they shot up 6% yesterday ahead of results. Disgrace but dont expect fca to do much. Somebody made a few good trades in and out in 48 hours. Insiders dead? Hmm
Yes totally agree with your reasoning but do yourself a favour and take your profits if you have any ?? another adage i learnt in the city "Take profits always" once they have gone you cant get them back but you can always rebuy the shares GLA.
Arsenal-share price action is odd maybe. However I have often noticed that the share price reaction is not always as expected initialy. Traders,such as yourself in this situation sell on news and that limits an instant rise. However if the results are good such as it is with WHB I have often found that it can take a few days for the shares to start motoring ahead. Ithink this is because investors like to analyse the results in detail before commiting themselves and the brokers update their share price targets. A 50% uplift in profits at the interim stage is pretty good by any standard and merits a better share price. I am staying invested as I think the price has way to go yet. Ihave sold out before in situations like this , and regretted it a few weeks later. We shall see.
Must agree numbers look fantastic !! But market not over impressed,?? something in the background not right?? Took my ten percent profit in three days, once taught years ago that fools are also greedy GLA.
UNAUDITED HALF-YEARLY RESULTS FOR THE SIX MONTHSED 30 JUNE 2016 Henry Boot PLC ('Henry Boot', 'the Company' or 'the Group') (Ticker: BHY: Main market premium listing: FTSE: construction & materials), a company engaged in land development, property investment and development, and construction, announces its half-yearly results for the period ended 30 June 2016. HIGHLIGHTS 30 June 30 June % 2016 2015 change -- Profit before tax GBP20.8m GBP14.0m +48.6% -- Earnings per share 11.9p 7.8p +52.6% -- Interim dividend 2.50p 2.30p +8.7% Net asset value -- per share 171p 160p +6.9% -- Property revaluation: (GBP1.1m) GBP1.1m - (deficit)/surplus -- Investment property GBP0.6m GBP0.4m - disposal profits Henry Boot the builders results have exceeded expectations and one can expect a big rerate of the share as from now as market digests news. They present good news in a very low key manner, bu don't be fooled this is a great company.
whoops- number of building plots they have for sale is 27,000 not 2,000--missed a number out , that makes a slight difference !
I tend tpo agree with you but the sale of 250k this morning in front of results is spooky? But even so, up 6%. Push me/pull you day. Await results with bated breath
This builder, developer cum land dealer seems to have been left way behind after Brexit drop whereas they have said already that results will be comfotably ahead of expecations. Results Thursday should correct this situation and sitting on over 2000 plots for sale I'm expecting a rerate nearer the projected share price of 280p-whch is a 90p uplift or 47%.
Comment that recent deals (some announced in RNS on 8/7) have resulted in 'major earnings upgrades' sums it up. These shares look bargain basement despite the slight recovery in share price. Difficult to not value them at 240+
Very thorough analysis in IC today. Suggests a conservative uplift of 40%.very happy I doubled up at 205p.
.. at the last minute in the hope that BHY get the positive w/e press cover that they merit. But maybe too far below the radar... Happy to tuck away at this price anyway. I like the risk/reward potential. BHY talked of Brexit risk in their results but I see the bookies have a gap between in or out of about 25-1 in favour of staying in. Looks just now as though, much as many find the Brussels dictats (and expense accounts!) intensely irritating, fear of the unknown will get a remain vote done.