BEST of the BROKERS June 11, 2012 BELLWAY Deutsche Bank has maintained its “hold” rating on the new homes builder, and increased its target price by 2.5 per cent to 936p after a reassuring update from management. However, the broker says it remains cautious that longer term upgrades could be limited, as its forecasts are only 10 per cent down on the [...]
Housebuilder Bellway enjoys strong sales June 8, 2012 Housebuilder Bellway announced today that it had enjoyed a “resilient” spring selling season, with visitor levels and reservation rates having surpassed expectations. This successful period meant that Bellway’s target set at the beginning of the financial year of achieving 5 per cent volume growth is now “secure”. Reservations increased following the introduction of government scheme [...]
Housebuilder Taylor Wimpey boosted by order book growth April 26, 2012 HOUSEBUILDER Taylor Wimpey said yesterday that stable market conditions and a growing order book had helped it make a strong start to 2012, at the higher end of its expectations. The UK’s second largest housebuilder by volume said that its order book, excluding legal completions to date, had risen 23 per cent since the end [...]
Bellway profits jump on robust London growth March 27, 2012 HOUSEBUILDER Bellway has said profits before tax more than doubled in the first half of the year as higher selling prices and a strong demand for homes in the south continued to underpin growth. The company, which operates from over 200 sales outlets in the UK, reported a 69 per cent rise in pre-tax profit to [...]
THE TIPSTER BELLWAY HOPES TO BUILD ON BOVIS GAINS March 26, 2012 WHEN Bellway Homes brings its trading update to the market today, shareholders will be looking for any cracks in the brickwork. The recent figures release from its peer Bovis should give guidance as to what’s to be expected, and positive coverage across the sector from Credit Suisse will only add to the hope that the [...]
Economic news drives quiet week for trading March 25, 2012 TODAY Investors in highly volatile oil and exploration stocks could face surprises this week, as some small-cap firms report, but the UK market should start off quietly. Volume may pick up in the afternoon with pending home sales from the US. Given mildly disappointing existing home sales figures last week, pending home sales could also [...]
Bellway sees resilient UK market ahead February 7, 2012 BELLWAY said the UK housing market remained “resilient” ahead of the key spring selling season, but warned that the growth rates were set to slow. The housebuilder sold 2,455 homes in the first half of the year – up five per cent on the same period in 2010 – while the average selling price climbed [...]
THE TIPSTER BELLWAY HOPING TO CHIME IN PROFITS February 6, 2012 INVESTORS in housing firm Bellway will be hoping that the company won’t be dropping any clangers tomorrow when it releases its latest trading update, but instead will be looking for signs that the future is still relatively appealing. The last update back in December 2011 was positively ringing with optimism, with the company noting that [...]
Bellway lifts dividend as profits jump October 18, 2011 BELLWAY hiked its dividend by nearly a third after strong sales in London and the south east helped boost full-year profits by 51 per cent – beating market expectations. The UK’s fourth largest housebuilder by market capital reported pre-tax profits of £67.2m for the 12 months to 31 July, up from £44.4m the previous year. [...]
ANALYST VIEWS: DO BELLWAY’S RESULTS SPELL GROWTH FOR THIS YEAR? October 18, 2011 CHRIS MILLINGTON | NUMIS SECURITIES Bellway’s full year results are strong and we have increased our 2012 estimates – although we feel that the risk remains on the upside. The group has started the year well with the value of sales reservations up 21 per cent in the first nine weeks of the year, which [...]