Hints and tips:
...We expect the housing market will follow suit,” said analysts at Peel Hunt....
...Numbers from Vistry, the former Bovis Homes, aren’t quite as solid....
...Taylor Wimpey has chosen to get its building sites going again from May 4 while Vistry (the renamed Bovis Homes) has figured April 27 should be fine for a restart....
...Beyond that, as Peel Hunt’s analysts point out, it is probably too early in the year for any housebuilder to give a proper read on the spring market....
...● Bovis Homes led the UK housebuilders higher after saying 2018 profit would be “slightly ahead of expectations”....
...Clyde Lewis, an analyst at Peel Hunt, said the process “costs money and [Bovis is] doing it more because the market’s tougher”. “They were confident they could move away from it....
...● HSBC upgraded Persimmon and Bovis Homes from “hold” to “buy” in a UK housebuilder review....
...If you cut supply you make it more likely prices will go up,” said Clyde Lewis, equity analyst at Peel Hunt....
...Fellow builder Bovis Homes is expected to point to higher profit on Tuesday....
...● Liberum downgraded Barratt Developments and Bovis Homes to “hold” from “buy” in a review of the UK housebuilders....
...” ● In brief: Aegon raised to “neutral” at Credit Suisse; Bovis Homes cut to “hold” at Canaccord; Casino downgraded to “hold” at Deutsche Bank; Catena cut to “reduce” at Kepler Cheuvreux; Continental raised...
...Peel Hunt analysts expected the interim figures to show Bovis making progress in its margin improvement drive — and it has done that....
...● Liberum upgraded Barratt Developments, Bovis Homes and Crest Nicholson to “buy” in a review of the UK housebuilders....
...Bovis Homes, upgraded from “underweight” to “equal weight”, was “also a high yielder and where the turnaround story is now well advanced”....
...He was previously at Bovis Homes. Before that he held senior finance roles at Tui Travel and Centrica....
...Until then there is no need to be involved,” said Clyde Lewis, an analyst at Peel Hunt....
...Last month Galliford abandoned its pursuit of rival Bovis Homes after failing to reach an agreement with the board on terms for a takeover offer....
...They are: Admiral, Bovis Homes, Dunelm, Galliford Try, Kennedy Wilson Europe Real Estate, Legal & General, McKay Securities, Go-Ahead, Trinity Mirror....
...Three shares showing the best three-month momentum are: Bovis has enjoyed the past few years, a great time for housebuilders....
...Robin Hardy, analyst at Peel Hunt, said the move would boost housebuilders’ earnings as well as driving house price inflation....
...The offering follows a resurgence in profitability at Crest and other listed housebuilders including Barratt Developments, Bovis Homes and Taylor Wimpey....
...“The housing division looks set to sell slightly more houses than forecast and with stronger margins than previously expected,” said Peel Hunt, which reckons Galliford is undervalued when compared with Bovis...
...Stronger than expected Nationwide house price data failed to benefit the builders, with Bovis Homes the weakest in the sector after KBC Peel Hunt issued “sell” advice....
...Robin Hardy, real estate analyst at KBC Peel Hunt, believes that reality will come home to roost by the end of this year. ”A big slice of housebuilder business is coming from shared equity schemes,” he says...
...Last week Bovis joined Bellway and Berkeley in tapping markets for cash....
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