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Vistry

July 2024

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.

A positive AGM noted good demand in Vistry’s Partner Funded market and improving trends in open market. Within Partner funded it has secured land and development opportunities totalling just over 6,000 mixed tenure new homes across 19 developments year to date. Encouragingly, within open market, sales rates have averaged 0.96 per outlet week versus 0.87 a year ago, while it’s benefiting from falling building material costs, albeit pricing is flat. As a result, Vistry has upgraded expectations for total completions this year by 500 to 18,000 (+ 12% versus last year) and is underpinned by its strong forward sales position, up 10% to £4.9bn. It therefore expects half year and full year profit to be ahead of last year and is “c ...

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Vistry - Shares double since main write-up (June 2024)

Vistry (December 2023)

Vistry - Increased focus on social / affordable housing and pre-sales could double profit to £800m medium term (November 2023)

Vistry (September 2023)

Vistry (August 2023)

Vistry - Countryside synergies upgraded by £10m (May 2023)

Vistry (March 2023)

Vistry - Transformative acquisition increases fast-growing social housing to over 50% sales (December 2022)

Vistry (April 2022)

Vistry (January 2022)

Vistry (November 2021)

Vistry (October 2021)

Vistry - Gain since last Novembers write-up: 127% (July 2021)

Vistry (April 2021)

Vistry (March 2021)

Vistry - Net debt falls from £357m to just £40m (January 2021)

Vistry (September 2020)

Vistry - Partnerships division transforms growth prospects (July 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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Vistry

July 2024

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