|Bovis Homes Group
||EPS - Basic
||Market Cap (m)
|Household Goods & Home Construction
Bovis Homes Share Discussion Threads
Showing 2201 to 2224 of 2225 messages
|Price hasn't dropped. Was a bargain yesterday.|
|xd 30p tomorrow|
|In fact I've bought some more bovis at 908p in the hope that the Redrow TU is an indication that they want to be able to submit an offer.|
|A very bullish one at that. Just the sort of thing to try to get their own share price up in case they want to submit a paper offer, one might think.|
|Redrow issued trading statement at Q3 today
Wonder why ...........?|
|Perhaps "the seller" on the Bovis side was at least partly shorters. Today's FCA spreadsheet shows Millenium back up and Citadel above the threshold, while Worldquant took a bit off, all making changes on 17th.
0.52% Citadel (previously below the threshold)
0.64% Millennium (previously dropped to 0.23% on 13th March
0.76% Worldquant (previously 0.82%)
All while Blackrock was apparently increasing its net long position by over 3% (i.e. from 4.7% to 7.8%).|
|Blackrock appear to be making a big vote of confidence in BVS & GFRD from today's 8.3's. Haven't seen who the seller was yet.|
|who dumped 4 million shares after the bell at 9.14?|
|Even at 915p, Bovis shares are still only trading on a 1.2x Price/Book multiple, compared to a circa 1.6x average for the broader UK housebuilding sector|
|I like to see shorters having to close positions if they are paying above their buying price!|
|And Clinton Group below the threshold on 14th March, reducing to 0.48%.
Just Worldquant left on the disclosed shorters list now.|
|Disclosed short positions.
I see Millenium took action on 13th March and reduced their short from 0.52% to 0.23%
That still leaves Clinton Group and Worldquant with positions above the 0.5% threshold:
0.81% Clinton Group
|IMO, a deal is going to get done, since several of Bovis' big shareholders want something to happen.... The only problem for potential interested buyers, is that by showing their hand first, then they will probably just act as a stalking horse for someone else to come in and win the day.
This is where occasionally very good advisers are worth their salt|
|I agree Wad. Very hard to read the tea leaves on this. If the 9/4 passes with no bid, will they drop like a stone or will they retain a bid premium now the cage has been rattled? Or if GT announce a pullout sooner...
Tempting to hold on for more but would hate to see it test 800 again.|
|xd 30p next week|
|Is that really a £700k purchase after 5pm?|
|Hard to know whether to bank some profits now; it could all collapse back down again but no-one wants to miss a bigger profit. Think I will hedge a bit and set some limits for a third of them. 925 looks a reasonable ambition ; sell and regret?|
|I agree. Totally irrelevant now.|
|andrewsmith3 why dig up old news this was early january - times they are a changing .
Get up-to-date please|
|Which is perhaps partly what provides the upside here - how many short positions have been taken out on the back of those problems?|
|Cashed my chips @£9.19
Balance of risk & reward I'm not sure how much higher this will go.
A profits not a profit until it's in the bank as they say.
Good Luck to all those holding for a better offer
|Resistance at £9.15
Think it's running out of puff.
|Bovis short positions - just to back up my comment on there maybe being short positions to unwind.
Disclosed shorts are just over 2% according to the Short Tracker / FCA spreadsheet, while according to the Euroclear data there were an average of 6.5m shares (getting on for 5%) out on loan in February.
Now it can't be very comfortable holding a short position in a company that may potentially go to auction with 2 declared interested parties.
|Who knows - depends largely I think on whether RDW and GFRD want to compete for it and whether anyone else throws their hat into the ring - maybe a Chinese builder?
There's also a string of positives that might suggest there's still room to run with most of the housebuilders:
unemployment levels at all-time low;
interest rates are favourable;
plentiful supply of mortgage products;
stable sales and cost inflation.
(all these points taken from Crest Nicholson's January full-year results announcement)
Plus I think to some extent the housebuilder shares are still recovering from the brexit bashing, there could be short positions to unwind and M&A is perhaps only just getting started.
And then there's the Bovis discount for sustained under-performance, which perhaps has been at least partly unwound with this morning's rise, but maybe there's more to come on a re-assessment of the Bovis potential under new management.|