Member Info for Garydav2

Shaml loves WPP 😂😂😂

Smoke yes GS hit their Target.

For context, broader analyst targets on WPP are more mixed:

FT consensus median target: about 290p–350p depending on the analyst set and timing,

bullish estimates up to 440p–570p,

bearish estimates down to 210p–250p.

GLA

Yes I bought 12ks worth at 245 earlier

How many did you take Laura £100?

Only 74 trades today of very low value

That rise was short lived

Bought in 247.11

Big drop last week. GLA

Bought in again for a trade at 168.2

GLA

@ 226.8 .

GLA

From the report in the FT the message is that they are not panicking but taking action. To bite the bullet and move those on (where possible) that are deadwood or not happy with the direction of travel is a good thing.

I've known businesses in the past not to do this and pay later. Better to take a financial hit now and try and draw a line.

It shows the CEO is taking decisive action along with cancellation of buyback. Cash is king currently for them and hopefully things will get better over the next 6 months.

Must still be some over staffing or duplication of roles with the Vistry group bringing the likes of Bovis, Linden Homes and Countryside Homes

From yesterday:

According to the Financial Times, which cited a message sent to employees by the chief executive and people familiar with the matter, Vistry emailed employees this week offering redundancy packages of up to two months’ pay plus another payment. It was not clear how many employees received the offer.

Some of the people familiar with the company told the FT that Vistry has been managing its cash flow on a daily basis. The housebuilder warned last month that its efforts to generate cash will significantly reduce profits in the first half of the year.

It has been offering discounts and incentives to drive sales of homes on low-margin sites and those nearing completion in a sluggish housing market. It also said it would pause its share buyback to help reduce debt.

According to the FT, the email said: "We have been listening carefully to feedback from across the business . . . most colleagues feel proud of the work we do [and] value the contribution they make. However, there are also colleagues who feel less connected to Vistry’s direction or less certain about their future here.

"We are therefore introducing the [voluntary exit scheme] to provide an opportunity for colleagues who feel that their future may lie outside Vistry to apply to leave the business on enhanced terms."

The email said employees can apply until 23 June.

A person familiar with the plans told the FT: "This is an entirely voluntary scheme for colleagues who feel their future may lie outside the business. There is no requirement or expectation for any colleague to participate."

Vistry said: "We have made it clear that we are prioritising cash generation and are taking decisive steps to reduce debt levels. While current market condition[s] are challenging for all companies in our sector, we continue to build at scale and pace, delivering the homes this country so desperately needs."

At 1005 BST, the shares were down 4.5% at 230.80p

Surprised to see you here Nuri. But its attracted me too at this level again.

You hold a substantial amount here? What's your average .

I hope this stays above £2 and we may be okay

Are you invested here Jeremy or just posting drivel?

Average daily net debt in the first half is expected to be higher than the prior year, reflecting higher land payments in the early part of the year and slower than anticipated conversion of reservations to completions on Open Market homes, commonly due to delays within housing chains. However, the combined effect of the above actions is expected to deliver significantly lower average net debt levels in the second half and we are now expecting a net cash position in excess of £100m at 31 December 2026.

2026 guidance

Since we reported our FY 2025 results two months ago, the level of macro-economic uncertainty has increased, and with it the range of potential outcomes for the current year.

Primarily due to the up-front profit impact of the actions to accelerate cash generation, as described above, we expect H1 profit to be significantly lower than the prior year. However, with the benefits of an improved margin mix on active sites and a step up in demand from our affordable housing partners we expect H2 2026 profit to be in line with H2 2025 profit. The Board expects adjusted profit before tax for FY 2026 to be towards the middle of the range of analysts' forecasts1.

CEO review

The Board and our new CEO, Adam Daniels, remain fully committed to the Partnerships strategy and the key role our differentiated model can play in delivering the huge need for new housing across the country. As part of his new role, Adam is leading an operational review of the Group, the findings of which will be shared no later than our interim results on 24 September 2026.

Or Rick the other slant he is putting down a marker. He can see the issues, maybe deadwood to be cleared. He's possibly changing the culture

Has anyone seen MarkBellUK?

He must own 10% of the company now ......

He's lost nearly half a million pounds ??!!!

I would think Greg was embarrassed!!

On the FTSE 250, Vistry fell 7.1% as JPMorgan downgraded to 'underweight' from 'neutral' with a new share price target of 210p, down from 430p.

In addition, the Sunday Times said the Kent, England-based housebuilder is looking to cut a swathe of jobs to preserve cash.

According to internal correspondence seen by the Sunday Times, Chief Executive Adam Daniels launched a "voluntary exit scheme" in a memo to the 4,500-strong workforce on Wednesday.

Last month, Vistry paused its share buyback programme to "prioritise debt reduction".

What's happened today? 2 broker TP 2.1 and 2.5 . We've had 1.87 before why the 7% fall . All other builders are up. Thought this would be 2.5 to 2.6 ......

Another Carillon incoming ??