Bovis Homes Share Discussion Threads

[dr_smith] 03/2/2016 17:31

Personally, I don't know how a short normally reads, so can't answer.
Can only take comfort that it is only 1% of their £61M holding, so seemingly not a lack of confidence on part of Pru Group.IMO :-)

[source] 03/2/2016 16:56

Have Prudential and M&G lent their holdings out for shorters? (Today's RNS). Regards,Source.

[source] 26/1/2016 17:44

More positive news across Bovis's industry (below)

-- Would have thought Bovis's positive Interim Statement last week would have helped more, but maybe its still sinking in given wobbles in China/USA etc (non of which seem obviously related to Bovis's business!).

Regards,
Source.

Crest Nicholson profits jump on rising house prices
Buoyant demand and government-backed mortgage programmes boost the house builder

Government-backed schemes such as Help to Buy have helped house builder Crest Nicholson’s profits jump, as the company expands into London’s suburbs.

The company, which operates largely in the south and east of England, reported a 32pc rise in pre-tax profit in the year to October 2015, lifting the shares by 4pc in early trading.

Completions increased by 8pc to 2,725 homes, and sales rose by 26pc to £804.8m.

Chief executive Stephen Stone said rising house prices were covering higher building costs as demand outstrips supply.

[roddiemac2] 22/1/2016 10:17

DiscoDave4,

Builders have been virtually the only game in town , for obvious reasons. I sold because I had made good money, and because IMO builders will not do as well in the next few years as they have in the past few. There is an ever present risk that house prices may suffer a crash, despite the government`s silly " help to buy scheme " A possible trigger for a crash might be Chinese owners in London, (and there are many ),selling.

I have been raising cash steadily over the last six months , with a view to reinvesting only if markets fall further. Investment has been my only source of income for nearly 25 years.

[source] 22/1/2016 09:34

Very strong mortgage lending figures yesterday should help. Another quite encouraging development (when people can get past China and Oil preoccupations!)Regards,Source.

[gp1948] 22/1/2016 08:21

DD - thanks for your thoughts on BVS. It's certainly very difficult to decide where it's going from here - the whole market, not just BVS. I think perhaps things might become a little clearer for housebuilders when they start to release their results for 2015 and we see what effect they have on the market.

[discodave4] 21/1/2016 22:30

roddiemac,Apologies if misinterpreted your earlier posts 975 and 982, but you did/do seem to be blaming the fall in share price on high lending, high house prices and a housing bubble. Those were your stated reasons for selling up and that people should follow suit and take their profits also.DD

[roddiemac2] 21/1/2016 21:47

DiscoDave ,

I did not say or imply that the current fall was due to anything, but you are right , it is due to general market conditions. If things get worse in markets there will be more profit taking here.

Read more carefully.

[discodave4] 21/1/2016 20:50

Gp1948,Not a TA but 750 would be nice!, just don't think it will fall to that, but then I never thought my stop loss would be hit either!.Had other stops triggered this week, first time I've used them but given the signs thought it wise to set some up for my larger holdings just in case.roddiemac,Wouldn't completely disagree, fair point. That said, the fall in share price IMV has sweet FA to do with what your implying, it's simply the market in general - blame Opec, Iran, China, USA, EU, not the poor brickies, sparkies and chippies!.DD

[roddiemac2] 21/1/2016 14:12

I am not confusing anything. Money is being lent to buyers at ridiculous multiples of the buyers` earnings. If sensible criteria were applied to new mortgages the number of actual buyers would be reduced . Irresponsible lending has created a bubble. The property market is a rigged deck.

The shortage of labour that you refer to is a consequence of the hitherto cyclical nature of house building, and builders not investing in and training tradesmen in past years . they have themselves to blame for the present shortage.
My experience of builders in general ( I was one ) is that they are hugely inefficient.

[roddiemac2] 21/1/2016 10:55

Anyone who has held builders for any length of time should have seriously considered taking profit by now. The housing market is based on unhealthy lending. This cannot go on indefinitely .

[source] 21/1/2016 10:17

I've bought more, on the hope its bounce will come soon (like other stocks today)...

fingers crossed!

Regards,
Source.

[bigbertie] 21/1/2016 10:02

Given the recent update, this fall looks overdone. But house-building is notoriously cyclical - look at a graph of the share price of almost any builder for last 20 years. I'm not a holder of BVS but resisting the urge to buy! Good luck to all, in or out!

[gp1948] 21/1/2016 09:10

Turbulent times indeed DD and difficult to see where we're going from here, but do you have a re-entry target price for BVS?

[discodave4] 20/1/2016 19:08

Stopped out today at 850, will wait for things to settle.Unbelievable start to 2016!.GLDD

[source] 20/1/2016 17:01

Shame some of the news channels seemed to try and represent Deutsche Banks positive statement on Bovis as somehow negative even after Bovis's solid trading update to the market last week , it still suggests a +45% shareprice forecast from here!!!...

-- Hopefully as the wobbles subside this will start to shine given the potential.

Regards,
Source.


"Deutsche Bank today reaffirms its buy investment rating on Bovis Homes Group PLC (LON:BVS) and cut its price target to 1318p (from 1319p)."

[dr_smith] 19/1/2016 16:20

amoore70/Off topic:
Thank-you for mention of RDW. :-)
I don't recall reviewing them before and their internal reports look good and historic figures imply they deliver.
Given I am top heavy in housing, spreading risk between the better builders reduces risk a tad (but not alot, given that the major risks are outside any builders control) - so RDW are now on my short list.

[roddiemac2] 19/1/2016 14:01

amoore70, I sold BVS and TPK weeks ago for three reasons : one,-- I took good profit: two,--why get greedy/ leave something for the next guy: three,--house prices are way too high , and may crash. Gleeson looks a better bet than BVS, but I will not invest in builders now. Cash is king, until markets adjust, which I think is likely.

[amoore70] 19/1/2016 08:51

Not a holder, am a holder of RDW. Seems market isn't likeing housebuilders at the moment, which I am surprised about. These are looking tempting now.

[gp1948] 19/1/2016 05:38

Don't read too much into Deutsche Bank's thoughts on BVS DiscoDave. DB are BVS's house broker and, as such, are never going to have anything but a positive view of the company's prospects.

[discodave4] 18/1/2016 20:28

Deutsche Bank today reaffirms its buy investment rating on Bovis Homes Group PLC (LON:BVS) and cut its price target to 1318p (from 1319p).Can't believe they have reduced it by a whopping....1p! (0.07%).That's still a potential increase of over 50%.DD

[gp1948] 18/1/2016 08:45

Thanks for your thoughts everyone - always good to hear other's points of view even if they don't correspond to one's own.

[discodave4] 17/1/2016 14:18

gp1948,Do agree that their growth has been disappointing and forecasts are one thing, but I do believe they will achieve the forecasts of 21% growth. Know we will beg to differ but consensus is for 94p, that's the £158m pbt (tax @ 20%).Think the 90p you derived from last years ratio was due to higher tax rate.Guess only time will tell.DD