Bovis Homes Share Discussion Threads

[minerve] 02/3/2018 13:16

Not just disconnect between buyers and Bovis, also a disconnect between shareholders and customers!

Do shareholders not care that the company they invest in is allegedly ignoring/screwing previous customers?

Values are forgotten and ignorance engages when there is money to be made!

[wad collector] 02/3/2018 09:40

Finals are a bit of a mixed message in numbers ; broadly in line I think.
Happy to hold.

[tradejunkie2] 01/3/2018 20:31

Bovis homes deserves to CRASH. SCUM!

Bovis profits slump after £3.5m payout for botched homes

The scandal has so far forced it to spend £10.5m on repairs, including £3.5m in 2017.

The company completed 3,645 homes last year, 8pc fewer than in 2016, but Mr Fitzgerald emphasised they had been built in “a controlled and disciplined manner”.

[welsheagle] 07/2/2018 12:43

Good results from Redrow today - might be a good omen.

[wad collector] 07/2/2018 12:36

That would be a surprising price if the forecast eps of around £1 is true. But I think you are just teasing...

[shaker44] 01/2/2018 12:04

Erroneous jones??

[wad collector] 12/1/2018 09:06

I like that trading statement,especially the bit at the end about the dividend rise and the special.
Looks like a new ATH is coming soon.

[wad collector] 27/12/2017 11:46

Thank you for your advice.

[pugugly] 25/12/2017 08:52

wc_ If even half or the story is correct it seems to me that Bovis have a lot of questions to answer - Very bad publicity - Shareholders should be asking questions at the next AGM - The Board should know that the quickest way to defuse a complaint (if valid) is to put it right -


Still being pushed on BBC today -- Whether you think the house owner is unattractive is irrevelent - It appears she has been sold a lemon - or as it used to be said of cars in the days of Red Robbo a "Friday afternnon build"




"The surveyor concluded the house was "not fit for habitation" and some parts were "unsafe"."


So get real and if you hold Bovis shares write to the board about the bad publicity .

[dr_smith] 14/11/2017 08:36

Trading statement all looking positive and as expected, except:
"We have also made two land sales in the period realising proceeds of £12.9 million. We will continue to review our land bank as we progress towards our target of reducing to 3.5 to 4.0 years of owned land (14,000 - 16,000 plots)."
I can understand a strategy of reducing the years worth of plots in land bank, but selling off land to meet that change rather than time elapse and replace at slower rate.
Possibly OK, but some comment would have been nice to justify, as to replace same land at later date you would expect to cost more. IMO :-)
There is also:
"We are confident of delivering profit, pre one-off and exceptional costs, in-line with the Board's expectations for FY 2017 and a significant improvement in profits for FY 2018."
The pre one-off and exceptional costs presumably include the lease buy backs/rectification, so a known..

[grahamburn] 10/11/2017 15:16

Only one comment, wad.... the statement does say returning "surplus capital", so one would assume that would be after replenishing/revitalising the land bank.

[wad collector] 10/11/2017 15:03

Ah well remembered.

Based on the current operating plan and reflecting the Board's confidence in the outlook for the business, the Board intends to increase the ordinary dividend to shareholders for FY 2017 by 5% to 47.5 pence per share and by a further 20% in FY 2018 to c. 57 pence per share. Thereafter it intends moving progressively towards an ordinary dividend twice covered by earnings by 2020.

In addition, reflecting the Group's commitment to increasing the efficiency of the balance sheet through a reduction of capital employed in the business, the Board announces its intention that this surplus capital will be returned to shareholders via special dividends totalling GBP180m or c.134 pence per share in the three years to 2020.



Personally I would rather they invested the money in land than paying the special dividends , but shan't say no....

[grahamburn] 10/11/2017 14:52

Wonder if they have included the proposed special returns to shareholders over the next three years which were announced in the last results statement.

[wad collector] 09/11/2017 11:50

Just bought my trading stock back at 1140. The RICS houseprice data and the wider market growth forecast is casting a shadow over the share price I think.

[wad collector] 06/11/2017 12:58

Shame for someone is down as a 3000 sell not a buy !
Hopefully for them it was £12 not 12p .