Member Info for PaulCy

Heard the Govt minister on R4 this morning - was asked when someone could move into one of these 7 development and raise a family - his response..."we hope to have spades in the ground before the end of this Parliament in 3 of them". Not going to a be a quick fix for Vistry

You can bet your last dollar that Trump acolytes know well in advance what the Orange Buffoon is going to pronounce next, doing and they are profiting hugely fromthe swings. Pure market manipulation

I fear if the Orange Buffoon makes good on his threat to start blowing up Iranian Power Plants on Monday night, it is all going to get very ugly, very fast. Iran will have no option but to hit back and spread the pain far and wide....and then, Christ knows what happens to stock markets.

I admire the optimism. And I really hope for all of our sakes that you are right!

I admire the optimism. And I really hope for all of our sakes that you are right!

He is a disgrace - should have have been booted out after failing to control costs in the South developments last year - his fingerprints are all over this mess and still he clings on. The fact he still hasnt put his sticky little fingers in his pockets even now is a cause for concern

For a company making 200mn profit a year?

Ah Betterlife, thank you for your ever-insightful and ever-so-patronising post. Your glee at people losing their money is so uplifting.

I fear that tells us all we really need to know - the CFO who was esponsible for the multiple profit warnings on cost overruns survives and, to this day has not put a penny of his own cah into buyong shares. He must have a very good idea what is coming down the road....

And the clowns with their "charts" telling us in had formed a copper bottom, an inverted candle and other woo-woo gibberish and it was destined to hit 777 (at some undetermined future date) - utter bolox

Same with the drivel in the Fool piece this morning - jumping on the bandwagon to create "content" without a single bit of insight and analysis - cobbling together bits of old news and presenting them as something worthwhile. And the same "journalist" will be scribbling exactly the opposite when the share price goes up 50%

Two individuals no longer with the company and relates to a period already covered by the 2024 profit warnings - so likely no impact - but indicative of a culture perhaps, and further asks questons about the CFO being asleep at the wheel - and he is still there (and still hasnt got any cash out of his wallet to show confidence in the company even at this share price) - I have no idea how he is still in a job! Scapegoating exercise?

UK regulator launches probe into former Vistry accountants

Financial Reporting Council Investigation Overview

Background of the Investigation

March 10 (Reuters) - Britain's regulator for accountants on Tuesday launched an investigation into two individuals over their financial reporting of homebuilder Vistry's South division.

Individuals Involved

The two individuals are former employees of the firm, Vistry said in an email to Reuters, adding that it would assist in the investigation.

Scope and Focus of the Probe

The Financial Reporting Council (FRC) said the investigation was launched in relation to two accountants for the forecasting and financial reporting of the South Division of Vistry for the financial years 2023 and 2024.

I dont think the CFO has got any of his own skin in the game. No idea why he still has a job after multiple cost overruns and profit warnings last year

Quite the effort to lose 20% of Market Cap in one day (again)

GF stepping down by March 27

This might be behind SP moves - looks like Vistry has stepped away from long term pension liabilities and risk?

https://www.reinsurancene.ws/pic-closes-155m-buy-in-for-vistrys-final-salary-pension-schemes/

Yeah - what he said!

I admire your optimism Svend - it is lovely to see someone able to see through the reality of a situation to invent a whole different world for themselves. Keep dreaming!

Government injects £39bn into your sector, and the fact that this is "unheard or ignored" by investors is somehow the Government's fault?. Entirely rational analysis. Let's hear your solutions for the economy and the sector? The problem this government, and any UK government has, is that we are a nation of bone-idle whiners, commentators on rather than participants in the economy - who wouldn't know a hard day's work if they tripped over it - productivity in terminal decline, and an undereducated, unmotivated population of wasters. Houses do not get built by Governments - where are the grafters prepared to actually build them? Immigration? I assume you and your ilk are against that too?