Updates

Vistry - Shares double since main write-up

June 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.

The shares are closing in on £13, a terrific doubler since my front page write-up in December 2022 at 653p when no-one wanted them. While the wider housebuilding sector struggles on, Vistry’s shift into Partnerships with local authorities to build affordable / social housing and build to rent have delivered swift rewards. Last year, two thirds of housing completions were from Partnerships with one third private house building. While other housebuilders saw c. 40%+ profit declines, this strategic pivot limited Vistry’s profit reduction to minus 22%. But thanks to the first contribution from Countryside Partnerships pretax profit was flat at £419m. Return on tangible capital employed (ROTCE) fell 3.7% to 21.3%, double the industry a ...

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Hollywood Bowl

Hunting - Another hitting highs as forecasts beaten

Vistry (December 2024)

Vistry - Shares hit new high above £14 (November 2024)

Vistry (July 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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