Updates

Bovis Homes

September 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.

Housebuilder, Bovis, issued a trading update ahead of reporting interim results on 6th September which noted it achieved 1,580 completions (2017: 1,512) slightly ahead of expectations and a 4% year on year increase. Of this 1,030 (2017: 1,140) were private units and 550 (2017: 372) were affordable. Private average selling prices were c.£350,000 (2017: £334,700). Its sales rate was up 8% to 0.52 per site per week while it opened 17 new sites in H1 and expects to add another six next quarter. This underpins its confidence of meeting full year expectations for 3,775 completions.Bovis has good visibility on its land supply with 98% of units for 2019 secured of which 92% have detailed planning in place.The balance shee ...

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SSP Group

Superdry

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 - 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 - 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.

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