Updates

Belvoir

February 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Belvoir have nearly doubled from their lows after the UK’s largest property franchise group announced trading ahead of its pre-Covid expectations. In the 10 months to end October, both the property and financial services divisions achieved year-on-year growth in gross profit of 10% and 11%, respectively. Management services fee (MSF) income from lettings was up on 2019 and MSF from sales was level. The impact of lockdown has also been mitigated by the acquisition of Lovelle estate agency franchise network and strong recovery in property sales in H2. The pipeline of agreed house sales is significantly ahead of the previous record, which bodes well for franchisee revenues. Meanwhile, net debt has fallen from &pou ...

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Belvoir (February 2024)

Belvoir (November 2023)

Belvoir (July 2023)

Belvoir (August 2022)

Belvoir (June 2022)

Beloir (February 2022)

Belvoir (November 2021)

Belvoir (September 2021)

Belvoir (July 2021)

Belvoir (June 2021)

Belvoir (November 2020)

Belvoir Group - Property franchise business trading comfortably ahead of expectations (March 2020)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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