Bovis fall Why is bovis down today? Xd, poor results. News on this site used to easily available. Where is this now? Do you have to go to another site?
Motley Fool article Motley Fool article 8 March'When I look at Bovis Homes Group (LSE: BVS), I see another big dividend payer whose shares appear to be unfairly overlooked. Bovis did go through a bad patch and lost a fair bit of customer confidence, but under a new boss and the implementation of a turnaround plan, were looking at forecasts for a return to earnings growth this year after two years of falls. Analysts are predicting a 37% EPS gain for the current year, with a further 16% pencilled in for 2019. With 2017 results, delivered on 1 March, chief executive Greg Fitzgerald said: In 2018, we will deliver a controlled increase in volume, continue to build upon our high level of customer service, drive profitability, and complete our balance sheet optimisation.And though the firm saw a fall in profits, the average selling price rose by 7%, and year-end net cash soared by 275% to £144.9m.Crucially, the dividend was lifted 6% to 47.5p per share, for a yield of 4.1% on the current share price of around the 1,170p level.And in 2018, the company will be embarking on a plan to return total special dividends of £180m over the three years to 2020. Thats equivalent to around 134p per share, and should boost income very nicely in 2018 and beyond.The total forecast for this year of 98p would provide a yield of 8.4%, rising to 8.8% if 2019 predictions come good.P/E multiples dropping to around 10 look too cheap for a company generating these levels of cash and paying such big dividends.'[link]
Good Results Profits in-line with expectations, full year dividend up 6% to 47.5p, and the board confirmed its intention to pay a special dividend of around 45p towards the end of the year and targets making further payments in 2019 and 2020.Hopefully Bovis is now back on track.
NEW ARTICLE: FTSE 100 record and oil boom "European equity markets are higher Friday, following on from new US highs and the 14th straight day of gains in Hong Kong.Recent market highs have been based on expectations of higher global growth and increased corporate earnings, so the start ..."[link]
NEW ARTICLE: Bovis Homes shares 'cheap' after CEO coup "It looks like the housebuilding sector will have to wait a little longer for further consolidation in an industry starved of activity for a decade, after news that a deal between LSE:BVS:Bovis Homes and LSE:GFRD:Galliford Try is definitely ..."[link]
Builder's Bricks - MBH Investor's in this field may also like to take a look at 'Michelmersh Bricks' that posted their finals today and cheered investors by doubling their dividend (Final) to 2p. Also now going to pay a interim dividend.[link]
is this a hostile take over attempt? what do all these RNS 's mean?
Re: Takeover bit by Galliford Try - comm... Me too. If it goes up another 8% tomorrow, I will have broken even, and will be out in case it drops back again.
Re: takeover/merger bids The offers are opportunistic. Bovis is going through a bad time, but has a strong enough balance sheet and trading position to ride out the storm. A takeover or merger might happen, but I can't foresee it for anything under £10 a share.
Re: Takeover bit by Galliford Try - comments... If anyone comes back with more money then I might manage to break even on this, I'm holding at just under 11GBP. Comment in today's Sunday Times. See also [link]
Takeover bit by Galliford Try - comments? Just seen the news of Bovis rejection of Redrow & Galliford's proposed takeover of BOVComments anyone?Mol
Re: Accounts Now now boys it doesn't matter if you can spell as long as you can do the sums
Re: Accounts That comment shows your complete stupidy
Re: Accounts Apart from their share price falling into the sea, i'm not sure what piers have to do with Bovis...
Re: Accounts Bovis quoted the NAV per share in the results so why are you trying to work it out? It's about 750p I think compared to PSN's 721p at last results but BVS is almost a third the price of PSN!