UK Housebuilding Sector: Q1 2017 “Births, Brexit, Bovis bids”

Hardman & Co

Hardman & Co Report Report DownloadsBaron King of Lothbury, also known as Mervyn King former Governor of the Bank of England, is married to Barbara, a Finnish lady. She was his girlfriend in 1970 but distance and steam-driven telecoms conspired to keep them apart. Barbara went on to marry someone else and divorce – before being reunited with King in the late 1990s. They married in 2007 and King, who had never had children, was presented with two step-children and four grandchildren; and, in a Sunday Times interview, he quoted the Finnish apothegm “Grandchildren are the dessert of life”.

Housebuilding SectorI very recently joined this rather large club and my Granddaughter, Phoebe, was one month old in March. The month also marked the 60th anniversary of The Treaty of Rome and it was the same one in which the UK invoked Article 50. Until the Treaty of Lisbon in December 2007, there was no legal means for a member state to leave the EU. The Rome convention sired the Lisbon accord which, in due course, begat third generation Article 50.

In the two trading days following the Brexit vote i.e. 24 and 27 June last year (with a weekend in between), the UK Housebuilding Sector lost 36% of its value and at one stage was discounted by almost 40%. But investors in UK housebuilders are clearly familial and, after a lengthy gestation, through 23 March 2017, the Sector nudged back above its 23 June 2016 level with an average gain of 81% in share prices across 16 companies…

Share on:
Find more news, interviews, share price & company profile here for:

    CLO income fund Volta Finance delivers 0.4% return in June, NAV at €7.46

    In June 2025, Volta Finance achieved a net performance of +0.4%, lifting its cumulative return since August 2024 to +11.2%, with both CLO debt and equity assets posting gains amid easing trade tensions and stable credit markets, and ending the month with a NAV of €7.46 per share.

    Thor Energy signs term sheet with Met1 for US project sale

    Thor Energy has agreed a term sheet to sell 75% of its US uranium and vanadium subsidiaries to Met1 for a £100,000 exclusivity fee and £1 million in stock, retaining a 25% interest.

    Global Opportunities Trust NAV at £110.7 m

    As at 30 June 2025, Global Opportunities Trust reported net assets of £110.7 m with equity investments representing 64.6 % of the portfolio. Top holdings include the AVI Japanese Special Situations Fund (12.9 %) and Volunteer Park Capital Fund (7.0 %).

    China-focussed UK stock FCSS reports 27% annual share price rise

    China’s stimulus drove economic recovery, with stock selection in Hesai Group, LexinFintech and VNET adding value despite underweights in Xiaomi, Xpeng and Tuhu, while over the 12 months to 30 June 2025 the Trust’s NAV rose 28.0% and its share price gained 27.3%, outperforming the reference index’s 23.4%.

    UK market a ‘rich pool of investment opportunities’, FSV Factsheet

    UK equities delivered modest gains in June, supported by prospects of BoE rate cuts and a more constructive tariff outlook, despite a mid‑month risk‑off following US and Israel strikes on Iranian sites and subsequent relief from a ceasefire.

    Fidelity Asian Values significantly outperforms its index over 1 year (LON:FAS)

    Over the 12 months to 30 June 2025, the Trust’s NAV rose 4.9%, outperforming its reference index which fell 0.1%, while the share price gained 6.9%. Stock selection was the key driver, with contrarian positions in China and Australia and picks in materials and consumer staples adding value, though an overweight in Indonesian small caps detracted.

      Search

      Search