Company
LON:BWY
Bellway PLC is a holding company. The Company, through its subsidiaries, is engaged principally in house building in the United Kingdom. The Company is a volume house builder selling primarily in the private market and trading nationally in areas of high population. It also acquires and sells second hand homes taken in part exchange.
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The artificial intelligence, developed by investment firm Danel Capital, singled out the housebuilder as the stock most likely to outperform on the UK market in the first six months of the year, followed by other big names including Rolls-R
Builders and building materials
“Heading into 2021, we are now shifting the skew of our recommendations toward value after strong outperformance of the quality names in 2020,” said analysts at JPM
Builders and building materials
The builder has an order book of 6,186 homes worth £1.77bn, which is down from the £1.87bn in mid-October
Builders and building materials
Profits last year fell by 64% including a £46.8mln charge for remedial fire safety repairs in apartment blocks
Builders and building materials
Deutsche Bank's analysts said concerns over productivity levels were “so subjective in reality it is hard to make useful comparisons with peers”
Builders and building materials
Higher costs are now expected to push the second half of the past year into a loss and squeeze margins in the new year
Builders and building materials
Reservations are now running at 140 per week compared to 162 a year ago and 211 before the lockdown.
Builders and building materials
Home viewings are limited to single-family groups and by appointment only.
Sales centres and show homes will remain closed for the foreseeable future, with customer contact maintained over the phone for all developments
Builders and building materials
The housebuilder is pausing new site acquisitions and has undertaken a “re-prioritisation of production expenditure to focus on plots which are in the later stages of construction programmes”
Builders and building materials
The housebuilder completed 5,321 new homes in the six months to 31 January, up 6.3% on a year ago
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All three of the major US indices pulled back from all-time highs
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US non-farm payrolls are hotly anticipated after Wednesday's strong ADP private payrolls report
Builders and building materials
Markets knocked housebuilder Bellway’s share price down 8% after disappointing results and a downgrade from broker Peel Hunt
Builders and building materials
The housebuilder reported a 3% increase in profit before tax to £662.6mln for the past year
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Despite the EU's chief negotiator giving the UK until midnight to present revised proposals for a Brexit deal, sterling was still around 0.5% higher against the dollar
Tuesday's news is also likely to see a focus on UK unemployment numbers and a meeting of European ministers ahead of the big European Council summit later in the week
Hardware & electrical equipment
“It is politically unacceptable for any government to neglect the housing market as the 2017 Election so starkly illustrated"
Builders and building materials
The FTSE 250 housebuilder continued to see margin pressure despite completing a record number of new homes in its last full year
“Given the attractive yields on offer, the question of sustainability becomes more hazy the further out you look”
