Updates

Vistry

March 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.

The shares threatened to break through £10 and news flow remains cheerful with its update noting that following a strong second half, pretax profit is expected to be at the top end of the range at £140m for FY’20.Encouragingly, 55% of Housebuilding and Partnership forecast units have already been secured for FY’21. Turnaround expert CEO Greg Fitzgerald continues to impress operationally, with run rate cost savings of £44m (27% greater than expected and achieved at lower cost) by end 2021.Net cash was c. £38m, an amazing turnaround from the £357.3m net debt as at 30 June and it will now pay a modest final dividend.After buying in again last November at 573p the gai ...

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DX Group - Trading materially ahead of expectations

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Vistry - Increased focus on social / affordable housing and pre-sales could double profit to £800m medium term (November 2023)

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Vistry - Transformative acquisition increases fast-growing social housing to over 50% sales (December 2022)

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Vistry - Gain since last Novembers write-up: 127% (July 2021)

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Vistry - Net debt falls from £357m to just £40m (January 2021)

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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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Vistry

March 2021

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