Bovis Homes Share Discussion Threads

[jdb2005] 23/10/2015 10:41

hxxp://www.theweek.co.uk/house-prices/61987/house-prices-first-time-buyers-lose-in-10-price-surge

[dr_smith] 23/10/2015 09:36

Jdb "Well I decided to buy BVS at 1010 this morning."
Why, what happens in 35 minutes? ;-)

Yep, all indices unusualy all pointing 'up' direction from France CAC to USA and various Asia, and its Friday, so hopefully finish on a high.

[jdb2005] 23/10/2015 09:05

Well I decided to buy BVS at 1010 this morning.

Dow was up 320 pts & European markets are bouyant this morning after ECB Draghi hinted at stepping up stimulus package & possibly lowing rates.

Should see BVS moving above 1025 again !!

[dr_smith] 22/10/2015 14:29

Jdb "now I'm not too sure it will stop here."
I have it on good authority 1010 is bottom. ;-)

[jdb2005] 22/10/2015 13:30

Looking at BVS 13-15p now I'm not too sure it will stop here.
Yet UK100 is still 6348.

[jdb2005] 22/10/2015 09:26

lol - must be the spirits you are partaking as I cannot see BVS falling below 1010 !!

[dr_smith] 20/10/2015 18:26

Cowl over my head as I stoop over the smoking crystal ball:

I'm guessing 980-1030 for 2 weeks before climbing towards 1100-1150 as it was in June/July. Now I see a nubile blonde lady ..oops.. sorry crystal ball is misting up now.. or is it my glasses ;-)

DYO gazing :-)

[jdb2005] 20/10/2015 14:20

Expected the correction but with share price climbing from 983 to 1027 in 36 hrs it may need to take a breather - most other Builders in positive territory now.

Perhaps we will know better after tomorrow if there is likely to be more mileage here.

[scottishfield] 20/10/2015 12:51

Nw out of that downtrend fm early Aug, top up for me I think.

[jdb2005] 19/10/2015 15:59

Turnaround has just started - could see 1020 this week !!

[jdb2005] 19/10/2015 14:29

Think later this week with the Autumn Statement we could see Builders moving back up. It will clear up any uncertainty about whether govt. will press ahead with further cuts. See them cutting benefits for those who fail to search for jobs.

[jdb2005] 19/10/2015 13:23

RNS shows Blackrock may have been behind the weak share price as it switched to cfd trades.
Maybe it gives them greater leverage.

BWY up 1.4% after showing 13% rise in profits last week.

[dr_smith] 16/10/2015 16:47

Jdb - yes.. I've just returned to the BB to apologise to you having found the linked page but you have beaten me to it.
Yes, fancy you knowing/remembering I'm from Chester and proud of it. Thank-you. :-)

Full article on this page:


I've done a quick check on rightmove on the the road I grew up, played football in the street, jumpers for goal posts, knew everyone in the road... prices seem to have gone up by about 36% in 2 years but based on small dataset.

I think the changing of the £250k stamp duty ruling is partly to blame, as houses >£250k were sold at £250k as folks didn't want to pay effectively a penalty rate.
Now those houses are selling for say £270-300k, the deflated sub £250k houses are surging.

[jdb2005] 16/10/2015 16:43

Today more buys than sells so strange that share price fell back to 981 at close !!

[jdb2005] 16/10/2015 16:03

Dr S - you missed photo of Chester Town Centre shown as one of the hotspots in the captions.

[roddiemac2] 16/10/2015 14:39

ClosetInvestor,

You are correct . I wrote an article in 2007 entitled " A Rigged deck " saying more or less what you say. This is a property obsessed society, based on greed and stupidity, and the myth that bricks and mortar will always be a good investment .
Successive governments have had a hand in exacerbating the situation, starting with the wicked witch`s sale of council houses, and ending with the various " help to buy schemes " No government has had the long term view. David Cameron had, as one of his advisers ,the avaricious Kirsty Alsopp ( soppy Kirsty ) , daughter of a lord . I can`t think of anyone less suitable than she who brought " Location Location Location to the gullible British public.

Will property be a " good " investment from here ? --unlikely. At some point houses will simply become unaffordable to most potential buyers. We are close to that point now.

DR SMITH is right to point out that addressing the symptoms will not solve anything.

[dr_smith] 16/10/2015 14:36

Thank-you Jdb, though have to correct you, it shows London hot spots. I believe the UK exists beyond that ;-)
Interesting to see, especially as I used to be a banker, now well over 50 and never lived in London, though worked there for 20 years.
I note BVS is below its upper/lower share price trend line (band), where BKG, BWY, GFRD, TW. and BDEV are surrently above there respective trends.
I am not a chartist but take it as a sentiment indicator and like your good self, see no justification re BVS, especially when so much media and politics about the shortage of houses and this article:
£525m Builders' Finance Fund: Only £1m allocated

[jdb2005] 16/10/2015 14:13

Confused !!

For DR S here is indication of latest UK housing hotpots:

[jdb2005] 16/10/2015 13:56

V shape forming on chart above may suggest we will be back at 990 at close today.

Have to admit though I'm no chartist - just as confused as many with so much volatility.

[jdb2005] 16/10/2015 13:31

BVS was down to 977 had to be good buy - market volatility evident but fall from 997 this morning seems weird !!

[jdb2005] 16/10/2015 10:43

Low volume this morning gives MMs licence to manipulate share price against those with tight stop-losses.

Builders not been catching up with the rest - next Wednesday Chancellor's statement may bring about a stimulus !!

[closetinvestor] 16/10/2015 08:52

The crazy prices are due to - as with everything else - the net result of supply/demand. Since the turn of the century the demand side has been allowed and indeed encouraged to grow, not only due to population increase (both immigration and the point about people from poorer areas/backgrounds 'generally' have larger families and these in turn will also have larger families when they grow up creating an exponential growth in certain areas) but also the craze we Brits have for seeing properties as investments rather than just a place to live. Introduce a massive BTL tax and you will soon see a fall on the demand side.Creating a fall in prices and thus allowing younger people to get onto the housing ladder at affordable prices. However, no government will do the right thing such as this - which will help solving the housing situation - as it means risking losing votes; they themselves have investment properties; our economy is based on the feel good factor people have in thinking how rich they are because of the values of their house.

[roddiemac2] 15/10/2015 16:25

Jdb2005,

"young people unable to get onto the housing ladder because of mortgage constraints it is forcing Govt. to take action."

Young people can`t get on the" housing ladder" because houses are too expensive. The expression " housing ladder" makes the erroneous assumption that most will sell up their first house and get a larger one : no chance, in most cases.Prices are in Mickey Mouse territory. A sizeable price fall would be healthy, but frightens the Govt.

[roddiemac2] 15/10/2015 16:16

DR SMITH,

"There is also the non-challenged assumption that the human race can breed as freely as it wishes without regard for resource to feed and house the same."

Your remarks re population growth are spot on .With depleting natural resources and rising populations ,growth on out into the future is impossible . A sensible govt. would concentrate on how to manage the shrinking:--- catch 22---how do they then maintain the tax take? As things stand , the future for most people is to pay more to get less , and to queue up for that " privilege" : two ways to go here :- try to earn more than the next guy, or simply try to do without as much as possible. Serfdom is here and now for many, meanwhile rising house prices give the illusion of wealth to those who own: trouble ahead.