Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I've been thinking past few weeks could be a bidder....
Wow, £3.00 blown away this morning! Anyone got any idea why this has suddenly gone stratospheric? Possible bidder??
If you missed the webinar yesterday there is a recording here
https://youtu.be/dyXH8HThVkw
and a write up here
https://www.yellowstoneadvisory.com/post/belvoir-group-plc-buoyant-market-conditions-support-good-growth
#BLV - Webinar today with management at 12pm.
Find out about the state of the #housing market, prospects for further growth and how important financial services could be going forward.
Register:
https://us02web.zoom.us/webinar/register/2016236895962/WN_fE6FB3b4QtCQ3M7AaWYrMw
Webinar with management on 13th July at 12pm. Been a great performer over the last year. Find out if there's more to go.
Register:
https://us02web.zoom.us/webinar/register/2016236895962/WN_fE6FB3b4QtCQ3M7AaWYrMw
Meet CEO Dorian Gonsalves and FD Louise George as they present the Belvoir Group plc and the exciting opportunities that lay ahead. Tuesday 13th July at 12pm. Register
https://us02web.zoom.us/webinar/register/2016236895962/WN_fE6FB3b4QtCQ3M7AaWYrMw
Tipped in Shares Magazine this morning, buy at 235p:
"The company’s attractions are finally being recognised by the market after years of largely being ignored.
The valuation remains undemanding against a positive backdrop, with the housing market continuing to surge and demand for rental properties extremely robust. This makes it an excellent time to buy".
Should see a bit of a lift this morning based on previous buy tip reactions. GLA. K
Belvoir is presenting at Proactive's One2One Virtual Forum on tonight at 6.30pm. Register in advance at the following link: https://event.webinarjam.com/register/1083/wyy3gso97
More market activity, the tie-in with NBS has been strengthened. This company, and the share, have performed really well so far this year and looks to be heading in the right direction still. I don't know how much longer it will stay under the radar but I wish I had funds available for another top-up whilst it remains so.
Just to let shareholders and prospective investors know that Belvoir will be presenting at Mello Events’ webinar on Monday 26th April at 6pm-9:30pm! Tickets are still available and if you would like one at half price then enter the code LSE50OFF.
The programme is as follows:
• 6.00 pm Mello welcome and news with David and Karin
• 6.10 pm Ed Croft – First quarter analysis of the Stockopedia competition
• 6.40 pm Company presentation by Belvoir
• 6.50 pm Charity pledge – ****ney Rebel @RebelHQ
• 7.00 pm Company presentation by Trident Royalties
• 7.20 pm Steve Clapham – Specialist Insights and Investor Red Flags by Behind the Balance Sheet
• 7.40 pm Company presentation by React
• 8.00 pm Mello Soap Box with ****ney Rebel – Are you getting the correct share prices?
• 8.10 pm Company presentation by Wentworth Resources
• 8.40 pm Results Round Up with Paul Scott, Gordon Jones (glasshalfull) & Alan Charlton
You can find more information here: Https://melloevents.com/mm-26th-april-2021/
Anyone with a ticket will also automatically be sent a free ticket link to the Results Roadshow event taking place on Tuesday 27th April at 11am-3pm! For more information, click here: Https://melloevents.com/tuesday-27th-april-2021/
Cracking little company, good reliable dividend too, apart from a little hiccup caused by covid.
"The Board is delighted to report that trading in 2020 exceeded its pre-Covid-19 expectations with revenue up 12% to £21.6m* (2019: £19.3m) and consequently the Board expects that the performance for the year, including profit before tax, will be comfortably ahead of management's expectations."
Good decision, BourneWolf. I've taken profits here too many times. Made a decision a little time back ... No more!
Results/Trading Update out on Thursday I believe & doesn't look like the market has taken the hints in the last few RNS's. So I've taken the opportunity to have a few more.
...with buying now at the full 160p offer price - hopefully indicating not much stock around.
Still looking strong here and moving up again today, with buying now coming in at 155p.
Foxtons' latest update would have helped sentiment here, along with the excellent fundamentals
Perhaps an overhang has been cleared....
after buying coming in at 154p - which was 4p above the 150p offer price at the time. Very keen.
For the record, here's Finncap's latest research summary FYI:
"Comfortably ahead
In a positive 10-month update Belvoir has detailed trading is ahead of its pre-COVID expectations. Gross profit is up +10% in the Property divisionand +11% in Financial Services. Overheads are now significantly below the original budget and management has decided to reimburse staff for salary sacrifices earlier in the year and repay the Government in full for COVID furlough monies and grants.
Taking all this into account, we have upgraded our FY 2020E EPS by +4%. A further catch-up dividend of 1.3p will be paid alongside the final 2020 dividend and we forecast net debt of £4.5m at December 2020.
The resilience of Belvoir’s franchise model has been proved and, in our view, highlights the long-term growth potential when markets return to more normal conditions.
?Property
Gross Profit up 10%. Management services fee income from lettings was up on 2019 and flat from sales with the impact of the lockdown being mitigated by the acquisition of the Lovell estate agency franchise network and the strong recovery in the sales market in H2.
?Financial Services
Gross Profit up 11% and going from strength to strength.The adviser network is up +18% since the start of the year and the pipeline of written mortgages is at a record level. A significant proportion is expected to convert into income in 2020.
?Costs tightly controlled. Overheads are now significantly below the original budget
?Cash flow remains strong. Supported by 62% of gross profit arising from the recurring lettings business net debt has reduced to £4.3m from £6.9m at December including a £2m acquisition cost and £0.5m VAT deferral benefit.
?Dividend catchup. A further catch-up dividend of 1.3p has been announced to be paid alongside the final which we forecast at 3.8p.
?2020 upgraded, caution on 2021 for now.
We have upgraded FY 2020E EPS by 4% and left 2021E onwards unchanged, reflecting the macro uncertainty in the UK generally and the housing market.
?Undervalued on both cash flow and earnings.
With the small/mid cap market valued at a 5.6% FCF yield and 22.5 P/E for minimal EPS growth, Belvoir’s metrics of 12.3% FCF yield and 9.4 x2020 P/E for 7% 2yr forecast EPS CAGR arevery attractive.
Our 233p target represents a 2021E FCF yield of 6.4%."
The overnight summary from Investors' Champion on the trading update FYI:
"Belvoir: trading ahead
Belvoir Group (LON:BLV), which calls itself the UK's largest property franchise, confirmed that trading in the ten months to the end of October 2020 was ahead of its pre-Covid expectations with both its property and the financial services divisions achieving year on year growth in gross profit of 10% and 11% respectively.
With costs under control pre-tax profits for the year to 31 December are now anticipated to be comfortably ahead of management's expectations.
Cash has also continued to flow with net debt currently down to £4.3m (31 December 2019: £6.9m), this after having deployed £2.0m of cash in January to acquire the Lovelle network and deferred payment of £0.5m VAT.
Resilient trading means they are able to reimburse staff in full for the salaries sacrificed earlier in the year and also repay all government support monies
A catch-up dividend of 1.3p is also being paid bringing the total reinstated 2019 dividend to 3.3p per share, equivalent to a yield of 2.1%."
Welcome Rivaldo. Great to see you here, and as always your information gathering and analysis will be a real help.
Picked a few of these up today after the excellent update. Have seen them present a couple of times in the past and always struck me as knowledgeable, able and honest. A happy combination!
Finncap have reiterated their 233p valuation, and have increased this year's forecast to 15.2p EPS.
They also note that 2020 dividends will total 10.5p per share.
Just an opinion but if I had 10000 shares to transfer into an ISA I would pick a day when the price was low to minimise CGT and then do a fixed price £50 Bed and ISA . This would show up as two closely timed trades at slightly different prices equal to £50
Terrific update from BLV this morning "Both revenue and operating profit is comfortably ahead of 2019 with net profit in line with management's pre-Covid expectations, as set at the start of the year.". Intends to update on dividend reinstatement in the September report. Nice SP bounce in response.