psmith64
17 Aug 2015
Re: Interest Rates Source,Info on likely bank base rate rises through to 2018[link]
psmith64
17 Aug 2015
Re: H1 Results Summary Just profit takers I guess.You can't blame some people I guess with the SP hitting 1200p on Friday that is some good profit to take over the last couple of years or even just the last few months.Persimmon interims out tomorrow which I expect to reflect the good growth of Bovis to probably a rise back towards 1200p tomorrow with the additional back up of another national house builder.Bovis still looks good value IMHO and I think we will see it head towards 1500p in the next 18 - 24 months as the housing sector continues to move positively.
Hang in to the bitter end
17 Aug 2015
Re: H1 Results Summary "amazing results so the sp falls. somebody explain please."Fitcontroller,Maybe I'm missing something but I wouldn't say that a 9% increase in turnover and net profit is amazing, just good, especially in the current environment (pro builders). ROCE up a little as is net debt. I suspect that Persimmon, reporting tomorrow, will do a little better.IMHO ....
fitcontroller
17 Aug 2015
Re: H1 Results Summary amazing results so the sp falls. somebody explain please.
fitcontroller
17 Aug 2015
Re: Profits Up, Divi Up snap on Berkeley, bought a load of these on election day and sold a few weeks later and made 20k. no I cannot believe it either.
Eadwig
17 Aug 2015
H1 Results Summary LONDON (Alliance News) - Bovis Homes Group PLC on Monday lifted its dividend, reported an 8.9% increase in pretax profit in the first half, and said it is on track to meet expected sales volumes in the year as a whole.In a statement, the FTSE 250 housebuilder said it made a GBP53.8 million pretax profit in the six months to the end of June, compared with GBP49.4 million in the corresponding half the prior year, as revenue increased to GBP350.7 million from GBP322.1 million.Bovis Homes increased its interim dividend per share to 13.7 pence from 12.0p, and said it intends to increase the full-year dividend to 40p from 35p.The company said it completed 1,525 homes, compared with 1,487 in the corresponding period the prior year, at an average selling price of GBP264,000 when excluding private rental sector homes. It had 3,768 in cumulative sales to Friday last week for delivery in 2015, compared with 1,487 in the corresponding period the prior year, putting it on track for the full year."I am pleased to report that significant land opportunities continue to be available at higher returns meaning disciplined investment in consented land should underpin future growth in shareholder returns. With positive market conditions prevailing, we continue to assess the housing cycle and will adapt our strategy appropriately. We anticipate that the addition of around 40 sites per annum will support our medium-term growth strategy to deliver volumes of between 5,000 and 6,000 new homes each year," Chief Executive David Ritchie said in a statement."For 2015, we are on track to deliver our expected volume of new homes and remain confident in our outlook for the year as a whole. The combination of strong revenue growth and higher profit margins with improved capital efficiency will drive higher capital turn and return on capital employed," Ritchie added.Shares had been trading at eight-year highs prior to the results, and were down 5.8% at 1,131.00 Monday morning.Robin Hardy, an analyst at Shore Capital, said shares had been trading above their fair value of 1,141p. That prompted Shore Capital to put its Buy rating on the shares under review."As elsewhere in the sector we are highly unlikely to switch to a negative stance as we see the good yields available in the sector (although Bovis is materially less generous than many of its peers in terms of yield) and the continuing lack of marginal sellers it feels unlikely that the stock is likely to go into reverse," Hardy said in a morning note.Samuel Agini; [email protected]; @samuelaginiCopyright 2015 Alliance News Limited. All Rights Reserved.
Eadwig
17 Aug 2015
Re: Profits Up, Divi Up "yes, just done that,added another 1200, this is a steal. "I'm not quote in that league, but I have added too. My current strategy in the UK housing market is based around Persimmon, Berkeley Group Holdigs, Bovis, Telford Homes, Inland Homes Empiric Student Properties and the odd trade in and out of Barratt. I add or trade in all on significant pullbacks which happen surprisingly frequently given the state of UK housing supply and demand.They do vary quite a lot in terms of percentage profit or dividends paid, I suspect Analysts expected a bit more from Bovis today, hence the drop in sp. As one of the better divi payers with grand expansion plans fror completions AND dividends, I'll be sticking with Bovis for a while yet.
fitcontroller
17 Aug 2015
Re: Profits Up, Divi Up yes, just done that,added another 1200, this is a steal.
Eadwig
17 Aug 2015
Re: Profits Up, Divi Up fitcontroller:"all good, so sp does what? "gives us a great buying opportunity with a divi approaching 3.5% at these prices ... which are now rising fast, it seems.
fitcontroller
17 Aug 2015
Re: Profits Up, Divi Up all good, so sp does what?
Eadwig
17 Aug 2015
Profits Up, Divi Up From H1 report,"Pre-tax profits were up 9% at £53.8m and the interim dividend of 13.7p per share is up 14%. "Full year dividend expected to be 40pps.Medium term, aiming for 5-6000 completions a year, up from around 3600 expected this year.
Source
08 Aug 2015
Re: Interest Rates Very Helpfull if they can do it. Do you have a hypetrlink to the statement you refer to psmith64 ?i.e. the "BOE report today confirming likely rate rise to 1.75 gradually over a three year period.: bits...RegardsSource
fitcontroller
07 Aug 2015
Re: Interest Rates yes true, but why it takes nine men two days, on overinflated salaries, and overinflated expenses I expect, to make a decision that an average 5 year old could do in 2 minutes I really do not know, and how one total pratt could even consider putting up rates is just beyond belief.
psmith64
06 Aug 2015
Interest Rates All good news from the BOE report today confirming likely rate rise to 1.75 gradually over a three year period.This is therefore still going to be an historocally low rate in a good environment of rising employment, wages rising above inflation and infaltion likely to remain under 2%
psmith64
06 Jul 2015
Re: Undervalued Great update today and am happy to stick with my previous forecast of 1500p inside the next 18 months.Looks like Bovis have good growth prospects and continue to be cash generative as completions continue to rise.Still looks pretty cheap to me based on today's update IMHO, DYOR as ever.
