15 July 2022 - trading update

The leading housebuilder has issued a trading update for the year to 30 June which has confirmed an excellent year.  The number of house completions during the year rose to 17.908 from 17,243 the year before with the result that adjusted pre-tax profits for the year are likely to be ahead of expectations at around £1.05bn (2021: £919.7m).  Earnings per share are likely to emerge at around 81p and the dividend should be around 36p per share.  This would put the shares on a p/e ratio of just 5 . . .

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