Shares Podcast: Bellway with Maynard Paton & Roland Head
A 77-year history has seen Bellway (LON:BWY) weather several previous housing slumps. In this new podcast, Maynard Paton and I discuss whether the shares offer a buying opportunity.
In this month's episode of the Private Investor's Podcast, my good friend Maynard Paton and I have been discussing FTSE 250 housebuilder Bellway (LON:BWY).
The topics we discussed included:
- My purchase of Bellway shares at £17
- Bellway's 77-year history
- The company's track record as a dividend stock in a highly cyclical sector
- My hopes for a 10% annualised total return from my shareholding
- How house prices (and Bellway's profits) have changed since the 1980s...
- What happened to Bellway in 2008 ... and could it happen again now?
- Bellway's balance sheet, cash flow, and land bank
- Management quality and experience
- A disturbing trend in the top execs' incentive packages
- Bellway's shrinking order book and falling profit forecasts
- Our views on valuation and whether the shares are cheap enough to buy
- The outlook for the UK housing market
This podcast was recorded on 17 May 2023.
I hope you enjoy it. As always, all feedback is very welcome!
Roland
Disclosure: Roland owned shares in Bellway at the time of the recording.
Disclaimer: This is a personal blog and I am not a financial adviser. All content is provided for information and educational purposes only. Nothing I say should be interpreted as investing advice or recommendations.
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