Bellway lifted by statement

Bellway is up 1.9% after the home builder revealed a positive interim management statement.

Bellway is trading at 1439p after the firm released a positive statement for the 18-week period from the 1 August to 30 November 2013. Consumer demand has been high for new homes and net reservations are up 43% on the year.

The Help to Buy initiative has boosted all house building companies. George Osborne’s scheme, which echoes Margaret Thatcher’s Right to Buy policy in the 1980’s, assists first-time buyers if buying new homes. It has helped individuals get on the property ladder and also boosted the construction industry, which was left ailing after the credit crunch.

Last month, Bellway and other homebuilders took a knock after Mark Carney of the Bank of England stated he is going to redirect the Funding for Lending scheme away for the housing market and towards small business.

Bellway has recovered some of the losses since the announcement; some of the sell-off was profit-taking as the stock is still up 40% year-to-date. The trend is upward so it could be a buying opportunity.

Bellway chart

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.