Jarvis (JIM) has announced a Q1 dividend of 5p per share , which is up by 17.9% on last year.
I would expect they have continued to trade well in light of this and if anything the recent volatility may have meant they saw more trading activity too. This plus their previous positive updates leads me to suspect they will beat market forecasts for this year as these do not seem to have been updated. Just talking next years numbers as currently forecast leaves it on a reasonable looking 16x with a yield of likely over 4% as they have come back recently with the market.
There was also a trading update from Bellway (BWY) a long standing member of the CISP. This was for their first half which appears to suggest revenue growth in excess of 13%, which is roughly in line with rates of growth factored into current forecasts for the year as a whole. This came from a combination of 6.3% higher completions and increased selling prices of 7.8%, while they say the outlook is still positive despite the rise in interest rates in November. They also say they expect margins just above 22% for H1 and at that level for the full year if the market conditions remain the same.
In this positive trading environment, they say "interest from customers remains high, with website traffic and visitors to sales outlets both ahead of last year. Reservations have followed their usual seasonal trend, with the quieter, albeit positive, summer period followed by an increase in activity over the autumn months. The Group has taken 178 reservations per week (2017 – 166), an increase of 7.2% compared to the same period last year and the cancellation rate, a barometer of customer confidence, remains low at under 11% (2017 – under 12%)."
So overall sounds like a steady as she goes kind of update which probably won't lead to many changes in forecasts. The shares, as ever, look excellent value on around 8x with a 4% yield having come back £3 or so from their 12 month high recently which has left them looking a bit oversold.