Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,234.00p
   
  • Change Today:
    -64.00p
  • 52 Week High: 3,526.00
  • 52 Week Low: 2,070.00
  • Currency: UK Pounds
  • Shares Issued: 123.49m
  • Volume: 186,902
  • Market Cap: £2,758.68m
  • RiskGrade: 188

Bellway delivers 'another strong trading performance'

By Iain Gilbert

Date: Tuesday 14 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Housebuilder Bellway said on Tuesday that it had delivered "another strong trading performance" between 1 February and 5 June, with solid sales demand and ongoing positive price momentum continuing to offset cost inflation.
Bellway stated it had made an average of 253 reservations per week during the period, up 5.9% from 239 at the same time a year earlier, and also said it had made further investments into high-quality land opportunities, with 13,496 plots contracted since 1 August, a slight reduction from the 16,582 plots contracted in 2021 but up from the 10,079 plots contracted in 2020.

Bellway also highlighted its "strong" balance sheet and net cash position of £160.0m, stating it provided the group with "financial resilience" and the capacity to invest for further growth.

The FTSE 250-listed group also said it was in a "substantial forward sales position", with the value of its order book rising by 27.3% to £2.40bn and comprising 8,152 homes, up from 6,763 homes at the same time a year prior.

Consistent with previous guidance, housing completions for the full year were still expected to grow by around 10% to more than 11,100 homes at an anticipated average selling price in excess of £305,000. Bellway's underlying operating margin was expected to be around 18.5%, up from 17.0% on 31 July 2021.

Chief executive Jason Honeyman said: "Bellway has delivered another strong trading performance and despite the wider macroeconomic uncertainty, the group continues to perform well. Demand is strong, reservations are ahead of last year and our order book remains substantial. Customer satisfaction is high and we enjoy continued success as a five-star homebuilder, as recognised in the HBF's Customer Satisfaction survey.

"The positive sales market and the further investment we have made in land provides a strong platform to enable the group to continue its growth strategy in the years ahead."

As of 0935 BST, Bellway shares were up 3.12% at 2,278.0p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bellway Market Data

Currency UK Pounds
Share Price 2,234.00p
Change Today -64.00p
% Change -2.79 %
52 Week High 3,526.00
52 Week Low 2,070.00
Volume 186,902
Shares Issued 123.49m
Market Cap £2,758.68m
RiskGrade 188

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.50% above the market average95.50% above the market average95.50% above the market average95.50% above the market average95.50% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average54.32% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
90.27% above the market average90.27% above the market average90.27% above the market average90.27% above the market average90.27% above the market average
61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average61.90% above the sector average
Growth
46.90% above the market average46.90% above the market average46.90% above the market average46.90% above the market average46.90% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 14
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bellway Dividends

  Latest Previous
  Interim Final
Ex-Div 19-May-22 02-Dec-21
Paid 01-Jul-22 12-Jan-22
Amount 45.00p 82.50p

Trades for 17-Aug-2022

Time Volume / Share Price
16:55 972 @ 2,256.22p
16:38 300 @ 2,234.00p
16:35 87,493 @ 2,234.00p
16:29 25 @ 2,226.00p
16:26 65 @ 2,228.00p

Bellway Key Personnel

CEO Jason Honeyman

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