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Benrumpson,
SP doesn't always go up according to what goes on on the ground and is influenced by so many unpredictable factors like sentiment,etc but I hope u turn up to be right!
Good Afternoon All
I worked on a vistry site up until two weeks ago.
Just finished the last houses , getting ready now for a big push lots of sites about to start around us and most will be affordable housing, so I am expecting a busy winter.
Covid has put a few things back a couple of months, but I think we will be in for a busier twelve months than most other HB as our contracts were already signed off with the HAs.
So I’m expecting the price to fly in the next couple of months!
Cheap as chips!
Gla
It would seem the MMs are intent on walking it down and there is sod all you can do about it. Bought yesterday afternoon at 708p. Several hundred down in 1 day. Markets are a farce!
I’m bamboozled and not sure to buy or wait on it falling more
For the IC tip at 750p. Market does not seem to agree for some reason. Other house builders staying reasonably steady. VTY continues down, down, blxxdy down!
Why does the SP keep dropping thouhgt Boris was going to build our way back to recovery
Good morning All
I chose this house builder over the others is purely they are better placed for HA’s and the regeneration side.
When Bovis bought lindens it was purely for this reason as bovis has a house building side .
Lindens had and still are signing massive contracts with different Ha’s for affordable housing.
So I’m my eyes this is recession proof, just patience is needed!
Gla
Hi
It’s funny they are pulling out of gfrd as well somebody must have fallen out of love with blackrock have fun All
Is it just me be surprised BlackRock’s move? Does it mean that they know/see something I should be aware of? It always bugs me if someone more educated makes the opposite move than me.
GL
Why the drop, ftse up good news and SP drops
Simon King, chief investment officer at Vermeer, describes these opportunities as plays on “reopening trade”, and includes industrial stocks as well as construction and infrastructure companies. “Investment in infrastructure and a desire to get housebuilding going quickly will form a part of all developed governments’ strategies, particularly in the UK, so construction-related sectors should benefit in the short and long term,” he argues. He picks Persimmon, Vistry, Balfour Beatty and Breedon as shareholdings. Among the industrial groups “exposed to strong end markets” he names Melrose, DS Smith and Linde.
Tap into Vistry's affordable growth prospects.
I have just noticed this was IC's tip of the week on 18th - a buy at 751p - mentioning trading at 12% below NAV at end December and 27% below forecast 2020 NAV. More importantly in my view as I previously mentioned is "with the acquisition of Galliford Try’s (GFRD) Linden Homes and ‘partnerships & regeneration’ businesses in January, the group has accelerated its push into affordable housebuilding, an area that is not only less capital-intensive but should also enjoy more resilient demand."
https://www.theconstructionindex.co.uk/news/view/vistry-takes-over-homes-england-sites
And another site from Homes England near Kidderminster.
https://www.insidermedia.com/news/north-west/vistry-partnerships-completes-on-lucrative-site-deal
James Warrington
@_J_Warrington
·
10 Jun
Fantastic to see a new site starting. Some of our
@teamvistryp
North East team today at Bracken Grange touring the site with me whilst maintaining social distance. 350 new homes coming soon ?? #newhomes #SocialDistancinguk
https://www.constructionenquirer.com/2020/06/10/ex-barratt-director-to-run-vistry-partnerships-nw/
We may get to hear something about the new £750m framework in which Vistry seek to be included.
A couple of weeks old, but now planning for 2021.
https://www.theconstructionindex.co.uk/news/view/vistry-signs-58m-exeter-deal
Nobody knows what the actual longer term effects of recession will be - which is why businesses across the sectors canñot give guidance. But in the nearer term most builders are comparatively well set up, particularly when viewed against companies relying on pure discretionary spend - they are building and have order books. In Vistry's case according to full year results, and underpinned by social housing contracts
Housebuilding
- Strong forward sales position with 48% of consensus housebuilding revenues for FY20 secured
- Business firmly focused on successful integration in 2020 and maximising benefits from the combination
Partnerships
- Strong forward order book with an increase in mixed-tenure forward sales to £244m (FY19: £159m) and contracting order book totalling £890m (FY19: £960m), with 88% of FY20 orders secured.
Following the announcement by Vistry Group (UK, 0185929, FTSE 250, GEIS Small Cap) that they will now distribute a stock dividend in lieu of the ordinary cash dividend of GBP 0.41 which was marked ex-dividend on 24 December 2019, FTSE Russell confirms that a 4,369,992 share increase will be applied in market capitalisation weighted indexes on the event pay date (timetable to be announced). The 4,369,992 share increase is equal to the declared amount in the company press release and is being used to reflect the actual increase of shares in the marketplace due to multiple changes in the security since the original dividend ex date of 24 December 2019.
Do we get extra shares if we held shares on EXdivi date 24Dec. ?
Planned integration and synergies - "have extended the review of the Group following the acquisition, to further leverage the scale of the combined businesses. We are consulting with our teams, and anticipate that this will result in further headcount reductions, producing annual equivalent savings of c. £9.5m, increasing our anticipated total synergy savings to over £44m. The cost of these further savings is expected to be achieved within the total £35m exceptional restructuring costs previously announced."
And I would expect all businesses across the sectors to be right-sizing as time passes.