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AngerS - Thanks to you too if today's result's from Belway is anything to compare with then I think 1400p is going to be on the conservative side in my opinion I rate this stock £ 16+Plus going forward. all the best DYOR etc
Whilst there has been some pull back, profit takers, worries (regards) current material and labour supply, I am confident Vistry have these problems well addressed, not sitting back letting them cause problems so I think we may ride sideways for a little while but as they continue to prove they are on top the situ I see Vistry at 1800+ on results day one year from now, a steady investment with good dividends. A long term keeper for me.
It looks like FY21 EPS of 130p and full year dividend of 65p which gives a yield of 5% and a P/E of just under 10. I like the diversified nature of Vistry compared to other housebuilders. The partnership business looks to be going great guns and it won't be affected by any government changes to 'help to buy' or any clampdown on large housebuilders as they hoard land effectively operate an oligopoly. It also specifically addresses the housing shortage better than expensive new build. This is a core hold for me.
RNS out if not on LSE!
Group adjusted revenues1 increased to £1,259.4m, 4.3% ahead of H1 19 proforma revenues
· Step-up in Housebuilding adjusted gross margin2 to 21.8% (H1 20: 14.1%)
· Group adjusted profit before tax4 increased to £166.1m (H1 20: £10.3m)
· Growth in owned landbank size with the addition of 5,642 new plots in the period, combined with investment in 4,660 strategic land plots
· Strong cash generation resulting in net cash position of £31.6m5 as at 30 June 2021 as compared to H1 20 net debt position of £357.3m
· Group return on capital employed6 increased to 19.4% (FY 20: 14.4%) with Partnerships achieving a return on capital employed well in excess of 40%
· Interim dividend of 20 pence per share (2020: nil)
Hi I like
Not the same company now with Lindon.
I'm expecting quite big things. May 21 guidance increased FY PBT from £310m to £325m. I think £350m is entirely possible.
Dividend cover they are aiming for 1.75. I make that circa £165m for dividends. 222m shares.. 75p a share 6% yield and 25p interim div 50p final.
Nice rise into results.
Does anyone know what is the past history of sp action on interim results day for vty?
Thanks
The consensus Target SP is £ 14.40 it's been crawling upwards on very low volume since July low £ 11.12 whilst June high was £ 13.51 so needs to regain this level before getting back towards the pre covid high at £ 14.91 the earnings report is due soon on September 7
Gfrd has also gone up a lot too after being in the doldrums since it sold its housing dept to Vistry. About time too in my opinion, though I’m tempted to sell soon as they’re too cyclical for my liking.
has vty been a target like rdw rumours 'cause it went up 3.76% yesterday more than others in the sector?
Yes ilikehousebuilde it seems the SP has fallen asleep for the past month, it has a great sales growth of 83% compared to RDW 20% ?!
Yes Svend it was but unfortunately the market was not impressed much only up 0.62% whereas it was more impressed with rdw up 2.99%,what can you do?!
The trading update was very positive ahead of expectations
https://www.cityam.com/land-bank-at-vistry-surges-amid-housebuilding-push/
ilikehousebuilde > It*s Been upgraded by analysts/brokers towards the £ 14-16 range (so unless the SP 500 falters near term) I see further price appreciation towards these midterm targets what do you think?
What are people's thoughts on this and the effect it may have on sp?
Shareholder
BlackRock Institutional Trust Company, N.A. 5.27%
Investment Advisor 5.11%
Fidelity International 4.98%
I have found it. It was in the 2020 Annual Report and Accounts
Can anybody give me a link to the major holders of Vistry ?
Thanks
+positive house prices didn't push up very or the sector!wonder why...
suspect we are going to see a slew of upgrades here, circa 1800 the next logical target over 18 months.... UK property is super cycle before it goes pop again
Berenberg raises price target from 1210 to 1270
Recommended today by Questor in the Telegraph.
BUZZ – Vistry Group: Brokerages raise PTs on strong outlook, 'partnership' business growth
8 March 2021 12:48
* Brokerages J.P. Morgan and Peel Hunt raise their price targets on the UK homebuilder's stock ; shares up 5.5% to 979p
* Peel Hunt (PT: 1300p, "buy"), pointing to recent FY20 strong results and 2021 outlook, says recent trading has been positive and the govt's new mortgage guarantee scheme is helpful for the overall market... ...
* Adds, the shares have lagged the sector and now trade on a material discount valuations despite the attractions of its growing Partnerships business
* Given the huge demand for affordable housing, we expect Partnerships will remain a capital-light model and so will throw off strong cash flow - Peel Hunt
* JPM (PT: 980p, "neutral") believes while VTYV's outlook incorporates strong growth in the Partnerships business (both on topline and margins), the market is likely to wait for evidence on delivery
* British house price growth picked up unexpectedly last month, mortgage lender Nationwide said last week, defying expectations of a slowdown...
* Stock down ~4% YTD as compared to 0.3% decline in wider FTSE 350 Household Goods Index
So one buy and one neutral was it really these upgrades that pushed sp up so much today still the reaction seems a bit too much don't get me wrong I have no complaint!
Director bought 500K shares at market rate
Only hb share up by 5% today vs 1-2% for the rsst,have i missed a broker upgrade?