Join our community of smart investors

Bellway prospects ride on Help to Buy

Building companies dispute they have earned windfall profits but the industry's fortunes are tied up with Help to Buy.
October 19, 2018

Bellway (BWY) is the first company I look at in this week's round-up. Alpha subscribers can also read my analysis of Tristel (TSTL) and WH Smith (SMWH) here.  

With one or two notable exceptions (Bovis and Crest Nicholson), the past five years have been very kind to housebuilding companies and their shareholders. Robust demand for homes, complemented by taxpayer subsidised mortgages in the form of the Help to Buy scheme, have seen more new homes sold for higher selling prices on land that was purchased at very attractive prices.

To continue reading...
REGISTER FOR FREE TODAY
  • Read 3 articles for free each month
  • Educational articles and topical investment guides
  • In-depth podcast episodes by our writers and industry professionals
  • Interactive live webinars on investment themes that matter
Have an account? Sign in