Member Info for Raleigh

Simon King, chief investment officer at Vermeer, describes these opportunities as plays on “reopening trade”, and includes industrial stocks as well as construction and infrastructure companies. “Investment in infrastructure and a desire to get housebuilding going quickly will form a part of all developed governments’ strategies, particularly in the UK, so construction-related sectors should benefit in the short and long term,” he argues. He picks Persimmon, Vistry, Balfour Beatty and Breedon as shareholdings. Among the industrial groups “exposed to strong end markets” he names Melrose, DS Smith and Linde.

Tap into Vistry's affordable growth prospects.
I have just noticed this was IC's tip of the week on 18th - a buy at 751p - mentioning trading at 12% below NAV at end December and 27% below forecast 2020 NAV. More importantly in my view as I previously mentioned is "with the acquisition of Galliford Try’s (GFRD) Linden Homes and ‘partnerships & regeneration’ businesses in January, the group has accelerated its push into affordable housebuilding, an area that is not only less capital-intensive but should also enjoy more resilient demand."

I have bought some of these this morning to add to my house builders - over last 2 days brokers have increased price targets with one moving up to a buy. But it is a longer term 'thing' for me anyway.

That is adding nothing for a recapitalised pan European company emerging as far as proves possible from lockdown, with a new board and plan. We shall see if investors follow your forecast.

Of course I shall take up the offer. That is why I have been building on retraces.

The point in taking up the placing shares is to play a part in recapitalising the company in return for anticipated forward growth arising from that capital injection and the promulgated turnaround plan and board changes, which in turn should equate to a rising share price over future months and years. Basic investment.

https://www.theconstructionindex.co.uk/news/view/vistry-takes-over-homes-england-sites

And another site from Homes England near Kidderminster.

https://www.insidermedia.com/news/north-west/vistry-partnerships-completes-on-lucrative-site-deal

It has not been a good day for house builders, but they are edging back up now.

I have several builders on a long term outlook and took the opportunity here this morning, at discount to the placing price. The given reason for the fund raise is forward looking, adding future value, whilst additionally providing greater cushion. A show of confidence also, following enquiry by those taking part.

James Warrington
@_J_Warrington
·
10 Jun
Fantastic to see a new site starting. Some of our
@teamvistryp
North East team today at Bracken Grange touring the site with me whilst maintaining social distance. 350 new homes coming soon ?? #newhomes #SocialDistancinguk

Brilliant!

We are all waiting and watching. Give us the word.

https://www.constructionenquirer.com/2020/06/10/ex-barratt-director-to-run-vistry-partnerships-nw/

And they say on the basis of continued CD and R and IKO support they believe it will be successful - so so do I.

And I continue to believe that if and when the funding completes satisfactorily, that will be when firm gains will be made - on clarification and surety.

First tranche 25p to CD and R, and second tranche cheaper than might have been and more shares - as we stand.

We may get to hear something about the new £750m framework in which Vistry seek to be included.

Possibly in sympathy with Countrywide - who might reasonably be expected to lose some of their extraordinary gains.