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The shares have gone ex-dividend today meaning you had to be holding before the market opened this morning, however selling today or tomorrow makes no difference, you will your dividend. This is the reason why the stock fell so heavily today and is common, especially with higher yield dividend plays.
I cannot find any sensible information about record date versus exdiv date. Tomorrow is record date for Bovis, if I sell tomorrow will I still receive my dividend? I know I have to hold them before the ex div date but am confused. If I were able to sell tomorrow I could have a quick profit, no certainty in holding on to see if the shareprice resets quickly.
Anyone able to offer an advise please?
Fallen further than the dividend from yesterdays close, but not as bad as I thought. I would think there is still room for slippage in the weeks ahead as BREXIT concerns, European banking crisis fears and a generally weaker sector weigh on Bovis.
On a positive note for the brave holding the stock a number of equities research analysts have recently issued reports on BVS shares.
Canaccord Genuity upped their target price on shares of Bovis Homes Group from 1,250 to 1,265 and gave the company a “hold” rating in a research note on Friday, September 7th.
Numis Securities restated a “buy” rating and issued a 1,375 target price (up previously from 1,275) in a research note on Thursday, September 6th.
UBS Group restated a “neutral” rating and issued a 1,090 target price in a research note on Thursday, September 6th.
Liberum Capital restated a “hold” rating and issued a 1,100 target price in a research note on Friday, September 7th.
Down again but CRST could be this years bargain, it is so cheap.
5.67% at today's price heading towards a 6% yield of 1066p per share, it might get there before the 28th but it still looks like a good buy from here in my view
Next week, get in quick, SP will be at least 1200p.
Add on next yrs final and you've got 9% in just over 6 months. 😀
Heck of dividend play, around 5.5% this time around, BDEV still looks the better play on par for par though at 6.3%
Don't you just love good news to send the SP down
I know many people will think we should move on and everything's fine now with BVS, but there is an article in the Times today: https://www.thetimes.co.uk/edition/news/buyers-in-despair-at-badly-built-new-homes-bovis-cqgpt605j Who would ever buy shares in a company whose quality reputation is that bad? I should declare that I have been short BVS for some time despite the solid current numbers because a housing crash is coming and the poorer quality providers are going to be in serious trouble.
worried still smarting from when Fitzgerald wiped a third off Galliford"s market cap
Glad I made my exit at the 1200 mark I thought things were getting a little high given Bovis's reputation and historic performance, seemed to have run up on the hope of the new CEO etc. I'd been in since min-low 700's and wanted to book my profits ahead of the of the possible interest hike. BVS is not a long hold for me but a share that you buy when it dips and sell when you can make a decent profit. I will be in looking to get back in nearer the 850-900 mark.
This interest rate rise is just a start, Bank of England say will continue to rise in future as necessary. Don't forget Property developers Borrows billions to fund their projects, so they get hit the hardest, commercial rate are much higher. Banks increase interest rate much more than Bank of England to protect themselves from possible interest rate rise.
More bad press for BVS
I got in last winter at around the time the CEO was being ousted. On today's further rise, I'm up 50%. Bovis has always been one of the more riskier players in the housing sector - a tendency to surprise when you're not watching.........I'm happy with the 50% so it's offski for me....
I bought this baby staright after Brexit, one of my top performers! Thanks GLA
Made me laugh the wording,reminded of 80s show the "A"team
"Should you follow his example and buy Bovis? It’s worth remembering that his remuneration package includes an annual bonus of up to 100% of salary, payable in shares. These ‘free’ shares will lower the average purchase cost of his stockholding considerably, making positive returns far more likely." Fool A ridiculous statement, if Bovis doesn't perform then he wont get the bonus "free" shares and the share price will go down! it is a massive vote of confidence in the company and shows his confidence that he can make a significant difference. if he had doubts he wouldn't have used "real" money to buy shares. What is not to like about these results? I bought for the yield and am getting capital growth as well as the prospect of increased dividends (ordinary and special)
Great rns. This has been a long time coming (back into profit) but it looks like bvs is starting to throw its weight around again! :-)
Originally I bought BVS for the long term and have done ok - but I am now starting to think it's a share to be ridden 'in and out' with small profits.
..well received this morning. Small provision increase for shoddy work but an apparently honest update on progress and plans, without over egging the pudding. Good report from newish CEO.
Interesting article in Fool today. Takes the shine off CEO's recent share purchase, pointing out the free shares he will get as part of his package, but very positive nevertheless. Article below. "Follow the inside money? Whitbread is already highly profitable. Management’s challenge is to ensure the group stays on track. But for Greg Fitzgerald, the new chief executive of Bovis Homes Group (LSE: BVS), the challenge is different. Whereas rivals like Persimmon are generating operating profit margins of about 25%, Bovis only managed 15.2% last year. Worse still was that this was 2.1% lower than during the previous year. Mr Fitzgerald’s task is to solve the firm’s operational issues and close the profitability gap with key rivals. He spent almost £2m on Bovis shares this week. That’s roughly three times his £650,000 annual salary — a decent-sized purchase. I believe this deal is a sign that he’s quietly confident of success. Should you follow his example and buy Bovis? It’s worth remembering that his remuneration package includes an annual bonus of up to 100% of salary, payable in shares. These ‘free’ shares will lower the average purchase cost of his stockholding considerably, making positive returns far more likely. Despite this, I’m optimistic. Mr Fitzgerald is highly regarded in the housebuilding sector and should be able to fix the firm’s problems. If he does, then I can see the shares returning to the 1,100p-plus level last seen in 2015. In the meantime, the dividend yield of 4.7% is worth having. Bovis remains a buy, in my view."
Thanks for the link I am in a slight profit here - but I will be ready to sell first thing Friday!
What are your currents thoughts on this share ?
Greg Fitzgerald is a different dog with the same fleas. Housebuilder CEOs are all cast from the same mould. Linden homes was/is hardly a bastian of quality and customer service either. Without Help to Buy propping them up most housebuilders would be struggling.