Member Info for Source888

Clearly recent poor share performance demonstrates it’s not worth catching this falling knife until Woodford is fully out...seems he still has 5% to dispose of...so still a fair chunk overhanging here it seems :(

Bovis Takeover Moves Occuring according to Major Shareholders & in The Times. About time the significant value here started to be released! Would be a good buy for real competitor housebuilders given Bovis's low valuations compared to the rest of its industry... Regards, Source.

Yep that's my read also cm45 & faramog. i.e. Management have been quite rubbish, but its end markets are still very strong (indeed even Bovis avg selling prices were up 10%, which is encouraging when it delivers the delayed sales next month). I think the management need to be changed and shareholder return prioritised properly - Compared to the great returns all other housebuilders have been achieving, Bovis does need to be keeping up with its competitions performance much better -- OR it should be bought out by them. (at only a PE of 8, a yield of around 6% and is valued around its book value --- it certainly would make a very good buyout for a proper housebuilder) IMHO ... Regards, Source.