image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 7 days, don't miss out!

Vistry

March 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:
  • VTY
  • Price:
  • 782p
A nice bounce to 782p means the shares are 129p above the main write-up price last December. Vistry expects FY22 pretax profit to increase c. 21% to c. £418m, in-line with  expectations. Net cash is ahead of expectations at c. £115m. Synergies of at least £50m are on track from the combination with Countryside and in excess of its £19m target  in FY23. During the period, housebuilding completions increased 3% to 6,774 units (FY21: 6,551), and adjusted gross margin is expected to be at  least 23% (FY21: 22.3%).  Forward sales total £4.6bn (31 Dec 2021: £2.7bn) including £3.6bn for the enlarged Partnerships business with strong pipeline in Partnerships and Housebuilding forward sales  £1.0bn (31 December 2021: £1.3bn) ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

author

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe