Member Info for philpot1001

I stuck to my game plan and didn't top up during the relaxation as it didn't go low enough for me to average down. Im a little annoyed with myself as could have used spare cash to top up with an >8% divi share, however I had a game plan and stuck with it, so ill live with that. At least my _rse is covered if anything goes sour Brexit wise I guess. Anyway happy to be in here with my holding and currently sitting in gravy

Tempted to top up here, but I'll try and leave it until the SP has fully relaxed. I don't normally average up so for me it's a risky play, but with >8% divi it's mitigated I think. I'll chew on it a bit.

Managed to find out dates not set yet, just specced as Q2.

http://www.cityam.com/261546/city-analysts-explain-nexts-mysterious-seven-per-cent-share "It’s worth remembering the group’s management has an excellent long term track record, and the business still earns impressive margins. The fact the shares are trading at a near 20 per cent discount to their historic average price to earnings ratio will not go unnoticed by those who believe in its long term prospects."

Does anyone know the date this is going ex rights? I had a look on the RNS and cant see it? Have they announced the date yet?

mega lolz

looks like I missed any opportunity to average down :-D

well its up to 915p already today!!! got this extract from a commentator on BBC Business Live, basically saying Bovis is worth more than the offers made so far.... "Bovis has made itself a target after underperforming the market in recent months. The share price has failed to recover from the Brexit shock last June and is still down a quarter from 2015 highs. Redrow and Galliford have both seen their share price recover to above pre-referendum levels. And Bovis has been on the defensive after a profits warning in late December and the departure of CEO David Ritchie two weeks later. There is a strong chance that one will succeed and that should support the stock. But Bovis should hold out for a better premium. "

I've decided to hang on for now, it sounds as though an improved offer is likely to come, and if it fails and the price sinks back, I've still got 6.5% yield coming from the dividend. If it gets close to 920p I may sell.

Thanks Josh! Lovely rise today....im part tempted to cash out now as I bought in so low, but im split on the decision as I bought these for long term gains. "IF" a take over happens then im better off holding, if it falls through I will wish I sold out now....where's my crystal ball? lol

PS I've never been in this situation before, what happens if a takeover completes? Do our Bovis shares become Galliford shares, or do they remain Bovis shares, just now under different ownership? Sorry if this is a stupid question

Bovis Homes rejects offers from Redrow and Galliford Try - http://www.bbc.co.uk/news/business-39248669 If the offer is only 7% above current value my opinion is that's too low

been looking good past few days

personally I bought in at 3960 a while ago after the drop, however I only put a small amount on as has been pointed out there are definitely risks. I will average down from this point if the opportunity arises.....in the mean time creaming an 8.5% dividend!!! This is a very solid company, however you may end up sat on paper losses for a while if you buy in now.............that said, if you don't you could miss out on the opportunity and it may rise.....you pays your money you takes your choice.

in the news today Barratt are becoming more aggressive with their dividend, shows confidence in the housing market.

...of course, all that is just my understanding of the situation, others may differ

diamondguru this is oldish news, its open and aired.....and is the prime reason for the 12% SP fall. So I believe its all baked into the SP at its current price. Essentially Bovis have declared in the figures the £7m cost, and said they are going to slow down production in 2017 to concentrate on quality instead of quantity. I see this drop as a one off due to this circumstance......that said, there is risk (hence my small first tranche), but more associated with any drop in the general housing market as far as im concerned, but so far its holding up quite well though.

Well I bought a small tranche here at 755p, primarily as I see a house builder that's suffering "temporary" woes due to the quality issues, but as the country as a whole is desperate for housing long term this should be a sound company. Indeed with revenues up 11%, seems like a good solid long term bet to me. Sound bytes I'm hearing in the press are circa 1 year to recover, with some reduction in house numbers through 2017, however with a dividend of near 6% I can bear that. Only got a small tranche on as there are certainly some risks, so may potentially average down if it comes to that. GLA

I think sub 105p for me and im tempted to get a small tranche, but undecided. PS was looking through the broker ratings and saw JP Morgan Cazenove have given 1260p last month HAHAHAHA. "Slightly" off there sunshine.

http://www.whatinvestment.co.uk/top-investor-buys-next-shares-despite-huge-share-price-fall-2553181/