Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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From the FT:
The purchase of almost £5mn of shares last week by Baker Estates, a company owned by Vistry chief executive Greg Fitzgerald and John Dunningham, is a sign that its boss also thinks there is money to be made. The buys take their combined stake to 1.94 per cent
What would a fair share price of this be with interest rates of 6% and above in combination with a recession?
Not as such. It was all to do with goings on in 2020 with Bovis etc when I got transferred into Vistry from Galliford Try. That meant the effective rate was £17, or £17.056 per share to be precise which meant I was and still am stuck.
Has the share price ever been at £17?
My average is £17 so will be adding at some stage to bring that down but not yet.
500 coming even quicker...
600 came much sooner than I thought! Still not bottomed yet
To early to buy house builders.. this recession will make them penny stocks, with cancelled dividends to hold onto profits.
It's definitely reaching a level where an average down would be favourable. My average price is still 820p but I'm in this for the long run.
I'm going to start building a position from 600p, but could easily see 500p next year when rates hit 6%
With the pound tumbling the thing to watch is Bank of E. interest rate, will they increase to protect the £?. That would affect house demand so it's possible ...lower prices. Life's not simple!!
... up today whilst all other house builders drop, only kidding & good luck all I think we are going to need it.
Best wishes to people who made money and existed and people holding the stock. I am sure in 5 years time people holding the stock at current prices (or averaged down well) would have made decent money from dividends and with share prices going higher. The prices may go down bit lower (don't be surprised by another 10% drop in 3months) , but long term this will be good entry point for income investors. New houses are in short supply and prices will go up. One of the best bests if you are not happy to spend money on buying BLT homes. Just my honest opinion. Not an expert and happy to know peoples views. Good luck to all.
AngerSharkz agree 100 % Greg digging in at these levels is a great sign of conviction and a reason why this is not the time to considering bailing out just look at his track record running this house the share price/dividend has been steady in the mist of storms of unforeseen/unpredictable circumstances that has been hiding the UK economy left/right and center for the past 5 year.
You obviously didnt read all my posts here. I sold at 910 last month with a 20% profit
"Just bought a starter today at 765. Div looks good and it's currently below book value
Will continue to add if it drops further" ... so you sold at a loss and last week after claiming you would add on any weakness and now make a statement like that!! LOL
Wildtiger - you really are clueless just like you were about centamin if I recall:)
This week’s update wont show the cracks in the housing sector, but the update in 2023 almost certainly will.
550-600p is my re entry
PaulCurtis Agree buy back at these prices SP yielding 8%+ and growth rate is north of 22% with margins expanding towards 25% its a little scary and at the same time crazy we are seeing the SP this low and below £ 8 when it should be double IMO. AngerSharkz I fully agree with the Countryside combination which seems strategically sound and should be add momentum to their overall offerings. Last time i added was at similar to current levels and i am getting tempted to add again now that we have a confirmed new Prime Minister at the helm..
Vistry clearly not worried about the impending house price crash! They are probably the most resilient of all the HB’s but still indicates that the market has oversold the sector.
Berkeley, Bellway and Vistry all update this week, Gleeson next week. Results will be excellent, that’s a given. It’s all down to the forward guidance and especially what the HB’s are doing about the imminent slowdown.
I hope they temporarily reduce land buying, prioritise cash flow and use the money for massive share buybacks. Many are trading at a discount to NAV, crazy not to buy back
Looks like I made the right decision of cashing out before. Now waiting for re entry
Wouldn't buy more yet, wait until next year when we are closer the bottom...
General market turmoil. The UK economy is looking pretty ugly at the moment and isn't going to improve much in the next few months. Until then doom and gloom will prevail. There may be one big correction, or it may just dribble slowly downwards. Current corporate revenues and earnings will probably be ignored in favour of the big picture. Hopefully next year markets will start to see beyond the end of there nose and realise that quality businesses will still be around and making money!
Very much tempted to buy more at these ridiculous levels, with the report coming in next week which will undoubtedly be good news I cant see why people would sell at this stage.
thanks both
This site is great for looking up details once the divvy is declared, plus looking at the history you can see roughly when one is due: https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=VTY