Bovis Homes Share Discussion Threads

[wad collector] 11/8/2016 15:51

Sp marching back up again , brexit forgotten , demand still there, solid yield. Holding for 10+
I like to see a share moving upwards ahead of results (half yrs on Monday) .

[source] 28/7/2016 08:34

Still that rather large gap to fill at £9.20 through £9.80...a breather seemed due, but with Taylor reporting continued strength suggest the negative assumptions still need unwinding...if that happens properly (likely with a few more data points) then Bovis should get back to where it was before the referendum i.e. around £10+ , hopefully! :)Regards,Source.

[jdb2005] 28/7/2016 07:41

Took modest profits yesterday & will buy if we see any pull-back.

[jdb2005] 26/7/2016 09:59

Took advantage of the pull-back in Builders this morning - feel analysts have got it all wrong suggesting Brexit will deter further buyers. Foreigners likely to be attracted by the lower pound now.

Supply & Demand factors weigh more with potential buyers seeing opp. to get on the housing ladder if BOE is holding rates steady - banks low mortgage rates & virtually no incentive to keep £s in their accounts.

[wad collector] 12/7/2016 08:28

I'm trying to remember , wasn't there some kind of share market crisis a week or two ago?

[abarclay] 12/7/2016 08:25

Staffline: Strong progress continues (BUY)

In an encouraging H1 trading update, Staffline has confirmed trading remains strong and in line with expectations. There has been continued strong demand from new and existing customers in recruitment, and the group continues to source record numbers of workers to supply this demand. There has been no change in demand following the EU referendum, and the improvement in the Work Programmes is now clearly showing through. We continue to believe the fundamental demand for Staffline's recruitment services will remain strong, supported by the cost savings that a flexible labour model offers clients and its differentiated model.

Our new price target is 1615p.

Analyst: Guy Hewett



STAF 665p at mo, target 1615p from Finncap

[mfhmfh] 12/7/2016 08:24

bought in here this morning

[source] 12/7/2016 08:07

Looks like its tracking to try and fill the huge gaps around 950p ish. Think the shorting got well out of control compared to fundamentals. If that view continues it may recover more of the current huge falls...Regards,Source.

[wad collector] 11/7/2016 12:55

Obviously .

Meanwhile the share price has other ideas , sharply rising again . This is a solid company with a good business model , albeit vulnerable to the housing market vagaries.

[rubberbullets] 11/7/2016 11:18

then well get proper plunges

[aishah] 11/7/2016 10:35

Rate cut of 25bps expected this week.

[onjohn] 11/7/2016 09:58

Brexit: Surveys add to fears of hit to economy
Jul 8, 2016
A host of polls and reports point to poorer prospects for UK consumer spending and jobs

[wad collector] 08/7/2016 17:14

I could get to like this post-Brexit market after all....great end to the week.

[apfindley] 08/7/2016 13:36

Nice to see movement continues today.Join the twitter crew in taking a punt on GWMO too could multibag very soon apparently. They have a 2p target. Currently 0.4p.

[chinese investor] 08/7/2016 11:25

Looking Good !

[phillis] 08/7/2016 10:14

some bounce!
Edit
Yes it is clear what your agenda is

[ny boy] 08/7/2016 09:49

Dead cat bounce, housing correction has only just started, will last 2-3 yrs, target here 300p over coming years.

[wad collector] 08/7/2016 08:56

Looks like the market has decided it got a bit carried away with downgrading BVS - up to 697 this morning and climbing fast.

[wad collector] 07/7/2016 08:36

The trading statement today is strong , but probably irrelevant to the share price , which is more worried by post-Brexit than the last few months.
Nevertheless it is reassuring in numbers.





Highlights

-- Solid growth in legal completions to 1,601 new homes (H1 2015: 1,525)
-- Average sales price on legal completions increased by 15% to GBP255,000 (H1 2015: GBP222,000)
-- Sales delivery on track with weekly private sales rate to date of 0.62, in line with the prior year

-- Land investment carefully managed with 1,267 plots of consented land acquired in first half year across 11 new sites

-- Prudent balance sheet with modest net debt of GBP8 million at 30 June

[aishah] 06/7/2016 13:23

I've added too. Quite like some of the builders now. Buy when there's fear out there. imo,dyor

[wad collector] 06/7/2016 13:19

Remind yourself of the projected earnings here ; pre-vote 2017 EPS estimates were around 130p. One broker has since suggested a downgrade to 95p. This seems pretty pessimistic to me , but even if correct , still would be more than 2x cover for a 7% yield.
I just added at 621 , I think patience will be rewarded.

[source] 30/6/2016 19:49

Thanks Wad Collector - a lot of the "potential" bad news that may transpire seems well priced in given its at NTAV already & it has a great/increasing yield at these levels i.e. see article below:-

Regards,
Source.

..................

A bargain housebuilder?

Will the housing market crash, or will strong demand for new homes support prices? In my view the situation is quite finely balanced. The risk is that a small fall in prices could cause potential buyers to withdraw from the market. This could create the conditions for a slump, even if the economy remains stable.

However, it's quite possible that strong demand, cheap mortgages and government support will keep the housing market moving. In that case Bovis Homes Group (LSE:BVS) could be a bargain. The housebuilder's shares have fallen by 28% since last Thursday.

At a share price of 680p, Bovis now trades below its tangible net asset value of 714p per share. The shares also look cheap relative to forecast earnings. Bovis now trades on a 2016 forecast P/E of 6.3 with a prospective yield of 6.4%. These factors should provide some support for Bovis shares and could attract buyers, as long as the housing market does remain stable.

[abarclay] 30/6/2016 06:35

CNBC

Live: Stocks bounce to near pre-Brexit levels
Kalyeena Makortoff | David Reid | Spriha Srivastava
48 Mins Ago
CNBC.com
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Our live blog is tracking global market moves after U.S. indexes retraced losses from the post-Brexit malaise to turn positive year-to-date.