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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Belvoir

July 2023

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.

  • Epic Code:
  • BLV
  • Price:
  • 213p
Franchise property services firm Belvoir reported solid FY22 results with revenue up 14% (2% like-for-like), gross profit up 6% and pretax profit down 1% despite the difficult sales market. It makes its money from charging franchisees a management service fee and in lettings this increased +5% with growth reflecting new tenancies (+11%), while its managed portfolio increased 4%. Residential sales fell 15% reflecting tougher market conditions. Financial services continues to expand (sales +26%) helped by the acquisitions of Time (initial cost: £3.7m), an established Mortgage Advice Bureau representative and an increased demand for re-mortgaging.  Belvoir is highly cash generative and despite £4.5m spent on acquisitions, it s ...

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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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