Updates

Vistry

September 2020

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.

An encouraging update from Vistry (formerly Bovis), with the house builder noting that sales have continued to increase throughout lockdown with the sales rate hitting an average 0.62 homes per site per week in the last four weeks (ended 30th June). Overall, H1 ’20 showed housebuilding volumes down sharply (-64%) with revenue down 60%. The Partnerships division was less affected with revenues 12% lower. Housing reservations (including Partnerships) stood at £1.66 billion (20th May 2020: £1.5bn) with Partnerships’ order book standing at £920m (20 May 2020: £827m). The integration of Linden and Vistry Partnerships (acquired from Galliford Try) is essentially complete, wit ...

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Medica Group

Vistry (December 2024)

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

Vistry (July 2024)

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 - 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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