Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi everyone,
What do you think tomorrow's results will be and how will the sp react?
Why would you think it’s going down now ? Surely if
Lockdown was an issue it would have dropped 10 days ago ? Can see good update next week and over the £10.50 mark. All imho ! DYOR
There has to be a slight concern that this drops to 600p like in Mar & Nov, but not a worry if you're a long term holder.
This is still 25-50% below it's price for 2019 and all the fundamentals are that it will regain / exceed those levels and that profitability over the 3-10yr horizon ... probably more so now that we have unlimited government spending and infrastructure agenda and migration of wealthier people from cities to countryside.
Added to which, seeing the sp movement over the past 12mths should mean fewer people are prepared to bail out ... but who really knows ... maybe there are stacks of day traders who hope to sell at 850p get back in at 700p by creating freefall and triggering stop-losses on the pension funds.
Just glad I'm investing for myself and not reliant on a commission earning fund manager.
think construction and house building/selling is just going to plod on regardless, vaccine in the arms of people should unlock this for at least 2/3 years of growth and divi's. i'm setting a stop loss on this once its reached my target and holding for the future
Anyone concerned with the impact another lockdown would have on Vistry? The pandemic isn't over by any means. I know we're looking at dividends coming back, but I can see another lockdown taking all the gains back out of Vistry in the coming weeks.
When the pandemic set in, the firms declared that their dividend would be postponed or cancelled. Slowly but surely, construction work recommenced in late spring and early summer.
All the housebuilders that suspended payouts have either resumed paying dividends or announced their intention to recommence paying them.
Despite some economic uncertainty the housebuilding sector is in good shape, and is the main sector which can get this country out of recession. It is said that around forty other industries are linked to this sector. The government has to support this sector, they have no other choice IMO.
Trading Announcement 12-Jan-2021
Moved up some more , watching other shares as well as syme with 10, million share buy this morning ,
will this be a good week for vty ,good start Today.
Good stronge buying Today
Let hope it holds the gain and closes today around the 917p mark. Then onto 970p by end of this year. Fingers crossed.
Nice pop this morning on updated on paying a final dividend for 2020 on top of interim for 2021 already announced
That`s better. Back on track again for 970p by end of year and then onto 1100p shortly after that.. bar any bad news of course.
Does seem like overreaction. The market is on a down day generally but CWD is subject to a t/o bid...so there's still faith in the property sector generally, Brexit deal or not. Vistry's based in Kent, maybe they can see the lorries lining up along their stretch of road.
Mmmmm... I did not expect this drop from 917p today !! We were on schedule for 970p. I suppose its the Braxit talks or something.
Having read the finanicial report, the future looks like it should be good for this group. I have bought in this morning for a long hold. Hoping this should see £10 again sometime in 2021.
How would you know their outlook is 'definitely' a best case scenario?
Hmm.. over time sure but the actual figures for this year indicate a 25-30% drop in pre-tax profit for the year. Probably not bad all things considered but their predicted figures for next year are definitely a very best case scenario!
Solid company and no hold ups in operations. Undervalued and should be near the 970p mark so get ready for a steady rise.
This sort of stuff is typical of the conversations being had by local authorities and housing associations up and down the country looking to both retrofit and increase housing stock. Goes to the Vistry model.
https://www.theconstructionindex.co.uk/news/view/scottish-borders-sets-out-housing-ambitions
"There is a strong and resilient pipeline of demand from Local Authorities, Housing Associations and other investors, driven by high underlying demand and underpinned by resolute political commitment to increasing the supply of much needed affordable homes. With its expertise, relationships and geographical reach, Vistry Partnerships is uniquely positioned to maximise this opportunity."
With a 60/40 bias to social housing demand supported by govt.that remains key to Vistry in the event of a downturn.
By my rough calculation, operating profit of £310m in FY21 gives and EPS of 109p and a dividend of 44p share and a yield of 5.7%.. Tidy
Looking good.
A fair assessment. Vistry SP growth was one of the best in the sector in 2019 up until covid, and its recovery in comparison to others PSN -9%, BWY -28%, RDW - 31%, Vistry still -47% on pre covid SP, a strong trading statement will should bring up the SP further yet
Rns tomorrow for trading update?
Well, with the allegedly independent EBT Trustees spending £1.5mil pounds at £7.09 I would bet my boots that, whatever happens, that is as low as they expect it to go for the foreseeable.