Bovis Homes Share Discussion Threads

[wad collector] 28/6/2016 08:31

Good post Source ; a thoughtful assessment . I am sure you have missed out a few factors though . Like the effect on builders tea.

[source] 28/6/2016 08:23

Just trying to think through how impactful the EU decision is really going to be for house builders like Bovis (the market is assuming a huge one, but my thinking through doesn't suggest so - am I missing something?). I.E. (1). Nothing is going to change for 2 years at least (2) over these two years free flow of trade and people will stay the same, maybe even accelerate (3) labour prices won't likely change in this time but may tweak up a bit afterwards (4) land input prices will fall for house builders (5) buyers demand will be subject to more concern, but given fundamental supply demand deficits is likely to normalise in the short to medium term(6) government will be keen to stabilise any disruptions in the house market from its ample "EU Savings", or maybe even roll back its recent stamp duty increases(7) appreciate there may be some short term economic uncertainty and hence loss of jobs (8) banks lending could drop, but given all the recent changes and much higher deposit requirements etc mortgages remain very good business for banks so any effect again could be temporary or limited (9) recent events only seems to confirm stocks and bond are still too risky, low yielding investments for many compared to brick and mortar (10) Leave promises are all unraveling (like NHS, labour migration stops etc ) so maybe their hints at lower house prices will too? There is likely to be some moderation in rises certainly though in the short to medium term (11) existing large house builders seem very healthy with strong land banks , lots of cash and solid financing available (12) Interest rates look likely to be much more affordable for buyers and for a lot longer given the uncertainty ahead (globally). (13) Similarly sterling falls makes the increasingly attractive UK residential market more attractive for foreign buyers once things calm down a bit. (14) the trend of residential property as in investment class may still continue its upward trend after a pause. -- Anyway that's all I have now but Armageddon doesn't seem a fair characterisation once or a foregone conclusion, but maybe I am missing something?Regards,Source.

[rubberbullets] 28/6/2016 08:01

Redrow strong statement

[dlku] 27/6/2016 15:02

£10 coming soon

[wad collector] 27/6/2016 12:54

Added at 648 ; numbers starting to look silly.

[wad collector] 27/6/2016 08:40

Source , agree , somehow doubt the share price will be down here in a year.

[deanroberthunt] 26/6/2016 18:12

double top from 2007, next stop 300p....this fabricated bull amrket is now well and truly over now the EU is in turmoil....

short the banks, builders and dow jones

[source] 26/6/2016 08:45

3% drop in FTSE,

and a 25% Drop in Bovis...

--- seems quite an over-reaction given how little it is actually affected by Brexit...But who knows what crazy markets can do, but this does seem an over reaction given its potential (just hope management sharpen themselves up a bit compared to their peers).

Regards,
Source.

[closetinvestor] 25/6/2016 09:05

Bovis now on PTBV of just 1.09 (the lowest of the builders) and passing 10 Stockopedia screens (covering value, income and growth).

[wad collector] 24/6/2016 16:50

I suspect there were a couple of rogue trades and after that the MMs were never going to match.

If you look on the trade history they were premarket and the price stabilised at 8.30

[closetinvestor] 24/6/2016 16:25

Source - common across a lot of brokers unfortunately. I use HL, Barc, TDW and all at various stages failed to execute.

[source] 24/6/2016 14:06

Down 25% now. Still a bigger drop than almost everything else...not sure that's warranted and hope it bounces!Regards,Source.

[wad collector] 22/6/2016 11:20

If migration increases , clearly the housebuilders are going to be happy. If that is what Remain will result in.

[source] 22/6/2016 09:38

Not sure Bovis will be be overly affected (operationally anyway) on either result. Demand is huge and if Bovis can continue to sharpen up its delivery then the market will get over any poor assumptions it may be assuming on a largely non issue Brexit or Remain. ImoRegards,Source.

[wad collector] 22/6/2016 09:12

Back over a tenner again ; tempting to take some profits ahead of impending market chaos thurs/fri but the gambler in me says hold , Remain will win and the market will bounce..

[wad collector] 24/5/2016 15:49

FWIW latest broker consensus says EPS of 123p next year. That would be 12% of the current share price even with the recent rise which still looks cheap to me. But whadda I Know?

[joemillion] 23/5/2016 12:44

There's our tenner. A very significant number and I expect the share price to build on this in the coming days! Expect another £1.00/10% will come easily in the next 2 weeks. Good luck to all.

[aishah] 20/5/2016 22:08

Why? Quality company. Value will out eventually. Keep running for long term. Lots more to come here imo. Dyor.

[mfhmfh] 20/5/2016 17:34

I'd given up on this...lucky I didn't sell.

[joemillion] 20/5/2016 14:06

Will we see £10 today or must we wIt until Monday?

[mfhmfh] 18/5/2016 13:58

sorry, my mistake