Updates

Bovis Homes - 102p dividend forecast for this year

April 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

CEO Greg Fitzgerald’s purchase of a further 8,253 shares at £11.45 has propelled the shares higher post final results, which were in line with expectations.Underlying pretax profit fell 20% to £124.3m (eps: 74.3p) with the fall reflecting a planned reduction in completions from 3,977 homes sold to 3,645 and the restructuring to improve customer care and production efficiencies. The group is now achieving a house builders federation rating (key yardstick for quality control) well in excess of 80%, making it 4*, from a low run-rate of 2*.Highly rated Fitzgerald has clearly got the bit between his teeth and by slowing the rate of consented land acquisition in FY’17 and selling sites outside core operating ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Gocompare.com - Marketing margins jump 230 basis points

UP Global Sourcing

Bovis Homes (September 2019)

Bovis Homes - Sales per site +15.7% in first 8 weeks (April 2019)

Bovis Homes (March 2019)

Bovis Homes (November 2018)

Bovis Homes (September 2018)

Bovis (January 2018)

Bovis (November 2017)

Bovis - New CEO acquires £3.2m shareholding in housebuilder (August 2017)

Bovis (May 2017)

Bovis (March 2017)

Bovis - Shares make strong recovery (October 2016)

Bovis - Weekly sales rates improve (July 2016)

Bovis - Price target 1322p (April 2016)

Bovis Homes - House builder targets 50% increase in output; price target 1588p (March 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X