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Vistry - Gain since last Novembers write-up: 127%

July 2021

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:
  • VTY
  • Price:
  • 1301p
Shares in Vistry have hit £13, a huge return on the 573p at which I featured them last November. Since then they have climbed remorselessly following a succession of positive updates, the latest of which has raised pretax profit guidance for FY’21 from at least £310m to c. £325m.  Vistry said average private weekly sales rates rose a stellar 21% on 2019 to 0.75 per sales outlet per week (2020: 0.44; 2019: 0.62), while house building is on track to complete c. 6,500 units (FY’20: 4,652), ahead of previous expectations and with an improvement in gross margin to boot. Vistry Partnerships has continued its excellent progress towards FY’22 targets of £1billion sales and a 10% operating margin. The forward sales position stre ...

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