Bovis Homes Share Discussion Threads

[shaker44] 21/2/2017 14:02

Well done. Nice trade

[fernandesb] 21/2/2017 13:23

to hell with what anyone says i made a couple of thousands from going long on a spread bet.I am tempted to do the same with HSBC but do not wish to push my luck too much

[kev0856153] 21/2/2017 08:10

and down she goes.
£7 anyone?

[wad collector] 20/2/2017 16:23

Hmm, I think you could draw any line you like there!

[luckymouse] 20/2/2017 15:35

Same as BT - chart at a glance looked like a nice recovery/bounce set up - except for the Money Flow ahead of results which was falling like a stone. So the in house analysts know in advance and quietly advise the fund mgrs to get out.
Evil because in both cases they used the confirm back to the line where you expect a slight pullback to get out stealthily.

[mondaytuesday] 20/2/2017 12:29

Crouchy1889 trazer985 3h ago

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Because they are all about volume and speed. They're usually predominantly timber framed, dry lined wooden boxes. I don't believe they'll stand the test of time.

They bang them up as quickly as possible and the perception is that there's more money in doing that and sorting out the inevitable snagging problems later than there is in taking the time to do it properly in the first place.

The rooms are too small - did you know they use furniture that is smaller than standard in the show homes to give the illusion of space? When you put your own double bed in the biggest bedroom there'll barely be room to walk round it.

Land is a valuable asset so your garden will barely be big enough for a swingball.

There are also now stories about homes being sold leasehold with the freeholds being sold on to third parties and not made available to the homeowners so that remortgaging or selling after a few years requires a new lease which the freeholders can charge a mint for.

All sorts.

I realise that many people don't have much choice but if you do, I recommend that you steer clear.

[mondaytuesday] 20/2/2017 12:28

Crouchy1889 3h ago

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I used to work for one of the biggest housebuilders in the UK and there is absolutely no chance that I would ever buy a new build from any of the main players.

A small, local builder, maybe, but Bovis, Taylor Wimpey, Persimmon, Barratt, Bellway etc - no chance.

[orinocor] 20/2/2017 10:28

The yield is 5.9% and it's to be maintained next year. PE of 10 next year.
The company is now valued at NAV when all the other builders are valued at above, and some well above, NAV.
Bargain at these levels.

[dr_smith] 20/2/2017 10:23

Shaker44 - You repeatedly duplicate your posts. Don't know if this is deliberate or technical glitch. Please resolve.

[ny boy] 20/2/2017 10:14

CEO could easily be found on the golf course I heard lol

[phillis] 20/2/2017 10:14

Source
The only thing that is new here is a 12% increase in dividend and its maintenance next year

[creative_accountant] 20/2/2017 10:13

Anyone remember me? Well over a year now I warned you all to get out of this dog, and I stated the CEO had to go!! I was laughed off the board at that point.. who is laughing now? I have been well and truly vindicated!

[ny boy] 20/2/2017 10:13

Over-valued property prices outside London, eventually the market collapses and takes these down ..just a matter of time, the halcyon days are over.

[shaker44] 20/2/2017 10:08

Interesting assessment. Time will tell. I don't feel that gloomy. And there have been some large unit trust buys today.
Clearly their focus was wrong and they are now saying all the right things. That shift in focus should not be hard to achieve with a firm hand on the tiller. But where the hell was the chairman/bod when the previous c e o was screwing up? Just turning up at board meetings and drawing fat fees I guess.

[shaker44] 20/2/2017 10:08

Interesting assessment. Time will tell. I don't feel that gloomy. And there have been some large unit trust buys today.
Clearly their focus was wrong and they are now saying all the right things. That shift in focus should not be hard to achieve with a firm hand on the tiller. But where the hell was the chairman/bod when the previous c e o was screwing up? Just turning up at board meetings and drawing fat fees I guess.

[source] 20/2/2017 09:57

On the call at the moment. Terrible profit warning today. Really bad management execution for an extended period and now coming home to roost (they should really all be thrown out given their markets!). Next year will be worse than this one and ROCE has dropped again from what was already an unacceptably poor level. CEO search only began 2 weeks ago! Chairman not even on the call. There doesn't seem any white knight in the wings given the mess so more bad news seems wholly possible ahead as their review gets to the bottom of why they've for years underperformed. Big margins drops. Actual customers don't seem happy either (defects and delays etc). Management bonuses still seem to be continuing (surprise surprise). For me (imo) it's clear these clowns can't deliver value or volume build properly. The divi is clearly their only trick in the bag to keep investors on the hook. This year is already a write off and seems to me that drops toward its yearly low shareprice seems sensible. Probably a safe drop below its NAV seems likely to both account for low value delivery this year and to maybe start to attract a proper volume housebuilder to consider taking them out of their misery. Regards,Source.

[opodio] 20/2/2017 09:51

Broker - we cut our 2017 volume estimate to the low end of guidance (-15% below 2016)

[phillis] 20/2/2017 09:43

No new news here
Oversold

[shaker44] 20/2/2017 09:08

As I said in 1241. Provisions - and statement rubbishing state of business from interim CEO. Maybe the new CEO if he/she is appointed, will do more of the same. Whatever, I think b they have set themselves up for a takeover. Bought more at 779.

[shaker44] 20/2/2017 09:08

As I said in 1241. Provisions - and statement rubbishing state of business from interim CEO. Maybe the new CEO if he/she is appointed, will do more of the same. Whatever, I think b they have set themselves up for a takeover. Bought more at 779.

[shaker44] 20/2/2017 09:08

As I said in 1241. Provisions - and statement rubbishing state of business from interim CEO. Maybe the new CEO if he/she is appointed, will do more of the same. Whatever, I think b they have set themselves up for a takeover. Bought more at 779.

[shaker44] 20/2/2017 09:08

As I said in 1241. Provisions - and statement rubbishing state of business from interim CEO. Maybe the new CEO if he/she is appointed, will do more of the same. Whatever, I think b they have set themselves up for a takeover. Bought more at 779.