IC John Rossier 17th March "i think that an enterprise value (market capitalisation plus debt) of around £12m for sales of £40m+ is undervaluing the company, especially if management steady the ship and return it to profitable growth" ...."I think my patience will be rewarded".
Me too! MMs played a blinder this morning keeping spread wide so majority of buys look like sells. Panic small investors into thinking that world is about to collapse and throw in towel. Price completely overblown. I predict lots of big buys reported late / after hours!
CRAW cheap at this price, surely?20 Mar 2017 20:20
Bit of a risk buying this, but at year low price, can't resist! More upside than downside IMO. Hopeful of turnaround in share price with April's results.
RNS FY out. Nothing spectacular as expected. Rev slightly down, pretax profit up. Main thing is 2017 outlook is encouraging with brisk order book and focus on higher margin technology side of business. Share price up and back through 100p barrier. Good potential Imo. Rich
Full year results RNS not moved price today. It,will be interesting to see Simon Thompson's view in this weeks Investors Chronicle. Personally I reckon it will gradually move back into early 40's until we get further update on actual impact.
Reuters latest news is that bids from both Redrow and Galliford Try were rejected as "undervaluing" Bovis. I held Redrow shares till recently - sold as price tends to peak in first quarter of year then slip back. don't really understand why they would want to expand a well run company at present time given risks of slowdown with Brexit and cyclical nature of housebuilding. Rich
MMs have made the most out of the large sells in walking price down. Took opportunity to grab some more at a lower price today. Far more buys than sells, but price static at the moment Hopefully good results on 14/3 will get this moving up again! gla Rich