Updates

Bovis

January 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.

Although only a few months since highly rated Greg Fitzgerald took the reins as CEO, housebuilder Bovis has already shown operational improvement. Its update from 1 July to 10 November said it’s fully sold its targeted FY’17 completions. Pricing remains “robust” with increases in average selling prices likely, driven by changes in mix and an underlying increase in prices.It’s also on track to reduce costs and overheads to a maximum 5% of revenue from FY’18.Impressively, net cash is expected to be “at least £100m” at year end, well ahead of broker forecasts for around £54m, the outperformance driven by the disposal of its shared equity portfolio for £22m. For 20 ...

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Coats

TMI Trader Portfolio - January '18

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 Homes - 102p dividend forecast for this year (April 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