Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Takes me marginally back into profit but I am going to hold.
Solid rise across the sector today,great to see after a while!
Reasoning below - but could IMO be good reason to buy. Bovis Homes should hold the course on its current strategy but management will have to be patient given investors' caution and shareholders should avoid the stock, The Times's Tempus said. Unlike some of its rivals, the homebuilder, which is focused on the southeast, is intent on continuing to grow. Indeed, it reckons it was one of only a few builders which more than doubled production throughout the past financial downturn, having bought land in 2009 at depressed prices. That strategy means it has lower margins than its peers and pushes less excess cash their way, hence the lower dividend yield on offer. Management at Bovis does seem to have grown a tad more cautious however. A handful of agreements to buy land have been renegotiated in the aftermath of the referendum vote. Bovis may also miss its target for site openings this year. It has also raised the expected rate of return on land acquired before Brexit with a view to cushioning any adverse impact from a downturn in the market. As well, for the first time in many years land purchases are running ahead of completions. "All this seems sensible because, given the traditionally quiet summer market, it is too soon to forecast the future direction of the market. I suspect, though, that those higher-yielding stocks will outperform," the tipster explained.
http://www.hl.co.uk/shares/share-research/201608/bovis-homes-profits-and-dividend-up,-but-brexit-impact-unknown?utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN&utm_content=Share%20research&theSource=E00RN&Override=1 Not greatly insightful if you've already read the report, but a fair summary. Suprised to see the SP down.
http://www.hl.co.uk/shares/share-research/201608/bovis-homes-profits-and-dividend-up,-but-brexit-impact-unknown?utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN&utm_content=Share%20research&theSource=E00RN&Override=1 Not greatly insightful if you've already read the report, but a fair summary. Suprised to see the SP down.
Pretty upbeat outlook, which will bed Brexit worries imo
Looks great all the way round. Should fly post 9. ATB
in line with expectations ... expect a nice wee rise today
Skijunky - Your right that a trading statement was provided and that gives a strong indication of what's to be expected. But the report released on Monday is going to be more thorough and comprehensive, a lot more information will be available. samadhi1978 - thinking a 5-6% rise on Monday is quite likely, taking into consideration that it's risen from the start of the week (today). Look forward to it. ATB
4-10% up is confident on Monday, financial results will be great. Earliest we should worry next year about any 'Brexit' revenue slip.
Hi JPT, yes I realise that, and it is for the same half year period as the trade statement of 07/07 which gave a good indication of what is to follow... or am I missing something?
Hi Skijunkie - they have their interim of 2016 out this Monday. Will be interesting to see what they have for the house builders these next few days. ATB
Hi Faramog - that looks like a solid plan, you'll get a top ride out of this when things start moving north. 4% divi is top income as it is. Currently in TW and occasionally in Bdev when I see momentum coming into the sector. But, all round house builder look solid, added Bovis to my watch list, need to dig all the data up on Bovis though this weekend. ATB
Bovis of course gave a trading statement for the period on 7 July. Do you mean more than that? They are not big in London and so I imagine are still experiencing BAU post brexit...
personally, I think it more likely to move only when perception that house sales (or more specifically both the number on market and willingness of lenders) is present I bought for a 3-4 year window period ... 4+% div, strong cash flow., good land bank and changes to building regs to make planning easier...so perfectly happy at the moment
Does anyone have any views on what we're likely to see? Other housebuilders have already published results and they've all been taken well so far. RICS today keeping them all back tomorrow and if we get weak construction data tomorrow they'll continue going south it appears. Was actually anticipating a better finish for the week for the entire sector.
What an opportunity that the current Bovis share price represents!! The RICS today started to qualify their widely reported forecast of a drop in house prices, bsed upon their survey of estaet agents where a perventage 34% said trhey had seen less activity post Brexit. Clearly the only place wehere prices have eased where an oversupply hangs in the market in some London postal districts, widely publiscised well before Brexit.. Along with the FT "experts"and Osborne, they refuse to admit the laws of supply and demand still exist and seek to justify their doom mongering by insisting there will be a fall on house prices. They seek jusyification for their predictions which now means tyhat Bovis for instance is valued less than it stood at 3 years ago when it was building sihgnificantly less stock at more than 40% below todays selling prices WHICH are still RISING!!! All that will happen in the market is that there will be a small drop off in some areas in the rate of Increase. This to these experts somehow materialises itself as justifying thier predictions of a fall!! Bovis is now wortth considerably morte than at any time in the past , which will be borne out by their next sets of data!! BUY!
I think this will do 1000 plus in next few months, so topped after Brexit. Think these are really under-valued.
A Bovis Homes Western site manager won the award for management of the Phillips Lea site in Kemble, joining almost 450 other Quality Award winners from across the UK http://www.wiltsglosstandard.co.uk/news/14639730.Kemble_builder_wins_NHBC_award_for_outstanding_new_homes/
lucky enough (makes a change) to get into these as well as, Persimmon, Red Row, Barratt and Travis straight after the vote, I thought and still do that house prices will continue to rise without any question, yours a retired builder now in the Cayman islands
Not the Brexiteers is it but the Bremainers forecasting doom and gloom talking down the market. However the net effect is that those holding Bovis share originally are holding a large loss but given enough liquidity would be wise to buy as many as they can afford.
The opportunity with Bovis still exists, essentially by continuing by spin, particularly when the doom mongers are still pushing the idea that house prices will fall significantly rather than increase a little slower. Only today reports are headlining that house prices will fall based upon what? The RICS report saying that 36% of Estate Agents report a drop off in sales in the last 3 months. This means 64% are reporting an INCREASE. Just how this is reported therefore beggars belief, particularly given absolutely no mention of the vast increase in the previous few months in order to beat the April 1st increase in Buy to Let stamp duty. One must wonder whether the reports in the Grudian, FT and the RICS. ie, those mist vehemently promoting the effect on the UK housing market in the event of Brexit are now somehow trying to justify themselves by publishing frankly rubbish, both factually and statistically.
excellent....reckon this will back up to 900 odd before long greed @ fear...works every time :)
In 4 days, The best investment I ever made. Thank you brexiteers xxx
hi aj... good price you got... bit better than me but we are in profit already lol wished i had thrown the kitchen sink into the market day after brexit vote. yeah good old vog... must pop in to say hello :) atb aj