Financial WarningsVistry warned initially on understatements to full-life cost projections, making its own profit projections too high, and subsequently on unit completions.
Market ConcernsThe warning of a weak first half to come is likely to mean that any new buying interest will wait until July now, limiting scope for outperformance in the interim.
Profitability ChallengesManagement warned that the year would be second half weighted and warned that margin progress could be sacrificed for accelerated cash generation.