Updates

Vistry

September 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.

The shares are on the charge as the market turns “risk on” while trading has retained resilience with guidance unchanged for adjusted pretax profit of £450m this year. Helped by increasing bulk sales, more than offsetting deteriorating open market private sales in the past four weeks, H1 23’s private sales reservation rate was 0.86 homes per site per week, slightly higher than H1 22’s 0.84. Partnerships grew completions for mixed tenure developments by 6% at 3,203, while the order book stood at £3bn. Merger savings targets are unchanged while net debt, which has risen to c.£330m in June, is forecast to fall back to £150m at year-end. HSBC forecasts eps of 92.1p this year, down a third, with 91p next. The dividend yield of c. 6% p ...

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Vistry - Shares double since main write-up (June 2024)

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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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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

Vistry

September 2023

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