Updates

Bovis - Shares make strong recovery

October 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.

Our Buy tip two issues ago at 660p looks well-timed with the shares rallying with the house building sector, helped by strong results elsewhere (notably Persimmon).First half results for period ending 30 June were bang in line with revenues, pretax profit and eps up 18%, 15% and 14% to £413m, £61.7m and 36.5p, respectively. Net debt fell from £59m to £8m. Sales price inflation and cost inflation were broadly aligned so gross margin was unchanged at 24.3%. However, operating margin rose from 14.7% to 15.5% due to better overhead utilisation.Bovis achieved 5% growth in legal completions to 1,601 homes (H1 ’15: 1,525) while the average sales price increased 14% to £254,000.In the first h ...

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

Subscribe now

Already a subscriber? Login

Photo-Me - Acquires Asdaâ€™s photo division

Cineworld - Acquires five cinemas for Â£94m

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 - 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