Updates

Bovis - Weekly sales rates improve

July 2016

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.

A nice run towards £10 (coupled with payment of a 26.3p final dividend on 20 May) followed a decent AGM update that noted housing conditions remained positive benefiting from good access to mortgage finance. Weekly sales rates have improved in recent weeks and average 0.65 net private reservations per site, in line with last year. 17 new sites have been launched and are selling well, while operating improvement should lead to higher profit margins in the future, particularly as cost inflation is set to moderate.Tipped at 840p in March, the shares could keep rallying in the short-term, assuming we vote to “remain.” Strong hold. ...

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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 (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 - 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.

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