Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,664.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 2,860.00
  • 52 Week Low: 1,921.00
  • Currency: UK Pounds
  • Shares Issued: 118.96m
  • Volume: 295,064
  • Market Cap: £3,169.18m
  • RiskGrade: 188

Bellway delivers 'robust' H1 performance

By Iain Gilbert

Date: Thursday 09 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Property developer Bellway said on Thursday that it has delivered a "robust first half performance", with record completions of 5,695 homes and a 1.6% increase in average selling prices to £316,900.
Bellway stated overall reservation rates had reduced by 31.7% to 138 per week, with weaker private demand partially offset by the company's programme of accelerating social homes construction.

However, elevated mortgage rates and the end of help-to-buy had contributed to a 43.8% decrease in the private reservation rate to 91 per week.

The FTSE 250-listed group also said the combination of strong volume output and the decrease in reservation rates had resulted in a lower, but "still sizeable" forward order book, which was made up of 5,108 homes, with a value of £1.38bn.

Chief executive Jason Honeyman said: "Bellway has delivered another strong performance, with our teams and supply chain partners demonstrating their ongoing commitment to provide high quality homes and service for our customers.

"Looking ahead, Bellway's experienced team and operational strength will enable us to navigate through changing market conditions. The group has a robust balance sheet, with substantial cash resources and it is well-placed to invest, when compelling market opportunities arise, to continue to deliver returns for shareholders in the future."

As of 0820 GMT, Bellway shares were up 1.37% at 2,211.0p.





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 2,664.00p
Change Today 18.00p
% Change 0.68 %
52 Week High 2,860.00
52 Week Low 1,921.00
Volume 295,064
Shares Issued 118.96m
Market Cap £3,169.18m
RiskGrade 188

Bellway Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.51% above the market average2.51% above the market average2.51% above the market average2.51% above the market average2.51% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
76.57% above the market average76.57% above the market average76.57% above the market average76.57% above the market average76.57% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income
31.65% below the market average31.65% below the market average31.65% below the market average31.65% below the market average31.65% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Growth
22.89% below the market average22.89% below the market average22.89% below the market average22.89% below the market average22.89% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 4
Sell 1
Strong Sell 0
Total 15
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 23-May-24 30-Nov-23
Paid 01-Jul-24 10-Jan-24
Amount 16.00p 95.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 215,688 @ 2,664.00p
16:35 142 @ 2,664.00p
16:35 25 @ 2,664.00p
16:35 367 @ 2,664.00p
16:35 305 @ 2,664.00p

Bellway Key Personnel

CEO Jason Honeyman

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