Bellway Preliminary Results fye 31 July 2018

[feinmann]

Robust results and a strong balance sheet

-- Bellway exceeded the 10,000 homes barrier for the first time in its history, growing volume by 6.9% and completing the sale of 10,307 new homes (2017 - 9,644).

-- Return on capital employed ('RoCE') remained high at 27.2% (2017 - 27.6%).

-- A robust trading performance and ongoing focus on growth resulted in earnings per share rising by 14.2% to 423.4p (2017 - 370.6p), a record for the Group.

-- The substantial growth in earnings facilitated a 17.2% rise in the proposed total dividend per share to 143.0p (2017 - 122.0p), providing further returns for shareholders.

-- A strong balance sheet, with net cash of GBP99.0 million (2017 - GBP16.0 million), ensures that Bellway remains agile and is able to respond positively to new opportunities.

http://www.bellwaycorporate.com/sites/d ... -10-18.pdf

[midgesgalore]

Thanks feinmann
This is one of the constituents of my portfolio and has done well for me over the years.

Other info from your pdf link:
"...The proposed final dividend (for the year ended 31 July 2018 of 95.0p per share (2017 – 84.5p) ), subject to shareholder approval, will be
paid on 9 January 2019
to all ordinary shareholders on the Register of Members on 30 November 2018.
The ex-dividend date is 29 November 2018."

midgesgalore

[feinmann]

Thank you for the additional dividend detail Midges. It is reassuring to have one company in my portfolio reporting good news.

[DiamondEcho]

It's crossing my radar again this week, tipped in the Telegraph this week too, but OMG seems unloved; -3.37% today alone.
I wouldn't go near this without a far clearer idea what's going on here...

[monabri]

The sector has been rattled by Crest Nic's results. In addition, we have dismay at Persimmon boss' £75m bonus, Brexit fears leading to job losses, possible interest rate rises. The sector has been taking a kicking over the last 6 months or so.

[DiamondEcho]

Thanks monabri, sounds like more than enough reasons to sit back, wait+watch the share and sector for the medium-term...