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(BVS.L) Bovis Homes Group PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 16-03-10 | RNS |
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RNS Number : 6484I Bovis Homes Group PLC 16 March 2010 Bovis Homes Group PLC ("the Company") As required by Listing Rule 9.6.14, the Company is pleased to announce the appointment of Alastair Lyons, non-executive Deputy Chairman and Senior Independent Director of Bovis Homes Group PLC, as non-executive Chairman of Serco Group plc with effect from 16 March 2010. This information is provided by RNS The company news service from the London Stock Exchange END
RDNFMGMFGVGGGZM More |
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| 15-03-10 | RNS |
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RNS Number : 6170I Bovis Homes Group PLC 15 March 2010 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1).
(1) Anissuermaking a notification in respect of a transaction relating to
(2) Anissuermaking a notification in respect of a derivative relating to
(3) Anissuermaking a notification in respect of options granted to
adirector/person discharging managerial responsibilitiesshould complete
(4) Anissuermaking a notification in respect of afinancial
instrumentrelating to thesharesof theissuer(other than a debenture)
Please complete all relevant boxes in block capital letters. 1. Name of the issuer Bovis Homes Group PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); Transactions relate to DR 3.1.4R(1)(a) 3. Name of person discharging managerial responsibilities/director
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person See section 3 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest All notifications are in respect of persons named in section 3 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares Ordinary 50p shares 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them TD Waterhouse Nominees Limited a/c SMKTNOMS 8 State the nature of the transaction Purchase of shares under Share Incentive Plan 9. Number of shares, debentures or financial instruments relating to shares acquired See section 3 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.00% 11. Number of shares, debentures or financial instruments relating to shares disposed n/a 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) n/a 13. Price per share or value of transaction £4.0033 14. Date and place of transaction 15 March 2010; UK. 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) See section 3 16. Date issuer informed of transaction 15 March 2010 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant n/a 18. Period during which or date on which it can be exercised
19. Total amount paid (if any) for grant of the option
20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise
22. Total number of shares or debentures over which options held following notification
23. Any additional information n/a 24. Name of contact and telephone number for queries Julie Pharaoh 01474 876343 Name and signature of duly authorised officer of issuer responsible for making notification Martin Palmer Company Secretary Date of notification 15 March 2010
END This information is provided by RNS The company news service from the London Stock Exchange END
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| 12-03-10 | AFX UK Focus |
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LONDON, March 12 (Reuters) - Shares in Bovis Homes jumped 3.9 percent in morning trade on Friday on market talk that housebuilder Persimmon was interested in the company, traders said.
(atul.prakash@reuters.com; +44 20 7542 6189; Reuters Messaging: atul.prakash.reuters.com@reuters.net)
COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 10-03-10 | RNS |
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RNS Number : 4041I Bovis Homes Group PLC 10 March 2010 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1). 1. Name of the issuer Bovis Homes Group PLC 2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.4R(1)(a) Transactions relate to DTR 3.1.4R(1)(a) 3. Name of person discharging managerial responsibilities/director MA Black- PDMR KB Carnegie - PDMR MTD Palmer - PDMR MJ Pink - PDMR DJ Ritchie - Director NC Smith - PDMR NP Twine - PDMR K Wilkins - PDMR 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person - 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest - 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares - 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them - 8. State the nature of the transaction - 9. Number of shares, debentures or financial instruments relating to shares acquired - 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) - 11. Number of shares, debentures or financial instruments relating to shares disposed - 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) - 13. Price per share or value of transaction - 14. Date and place of transaction - 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) - 16. Date issuer informed of transaction - If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 9 March 2010 18. Period during which or date on which it can be exercised 9 March 2013 - 9 September 2013 (subject to satisfaction of performance conditions) 19. Total amount paid (if any) for grant of the option £Nil 20. Description of shares or debentures involved (class and number)
21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise £Nil 22. Total number of shares or debentures over which options held following notification
23. Any additional information
N/A 24. Name of contact and telephone number for queries Julie Pharaoh 01474 876343 Name and signature of duly authorised officer of issuer responsible for making notification Martin Palmer Company Secretary Date of notification 10 March 2010
END This information is provided by RNS The company news service from the London Stock Exchange END
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| Date/Time | Subject | Author | ||
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| Tue 10:27 | ||||
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House prices up 6.2 pct yy in January
Tue 16 Mar, 2010 09:35 LONDON (Reuters) - House prices rose by a seasonally adjusted 2.2 percent on the month in January, leaving them 6.2 percent higher on the year, data from the Department for Communities and Local Government showed on Tuesday. The average price of a home stood at 207,159 pounds in January, the DCLG said. (Reporting by Fiona Shaikh) |
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| Mon 20:28 | ||||
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The most sensible and objective comment is undoubtedly the statement from RICS who have no ulterior motive. The others are working to their own agendas and love to create uncertainty which is how they achieve their bonuses!!!
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| Mon 08:46 | ||||
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House market stalls, fuels double-dip recession fears
Fears are growing that the housing market could be facing a double-dip recession, as data released today shows house prices in March have risen by the smallest margin on record. By Angela Monaghan and Jonathan Sibun Published: 6:00AM GMT 15 Mar 2010 Comments 3 | Comment on this article The Ernst & Young ITEM Club has predicted house prices will slide 1.4pc in the year to the fourth quarter of 2010 Photo: Reuters Prices are up a measly 0.1pc compared to February, the smallest margin ever recorded at this time of the year, when prices have never fallen month on month, according to property website Rightmove. The near standstill in prices has fuelled concerns that a decline in the housing market could lead to a slowdown in the wider economy as unemployment, public sector spending cuts and potentially higher interest rates hit the consumer. Related Articles The housing market is already starting to fall "We expect house prices to fall further," economists at Capital Economics said. Both Nationwide and Halifax reported house price falls in February. Nationwide said average prices dipped 1pc to £161,320, ending a run of nine consecutive monthly rises. Halifax reported an even sharper fall of 1.5pc, with average house prices dropping to £166, 857. It remains unclear whether February's data was a blip caused by the severe weather conditions in the UK or a more long term trend, but commentators are warning that the outlook is far from bright. The Ernst & Young ITEM Club has predicted house prices will slide 1.4pc in the year to the fourth quarter of 2010, before slowly recovering in 2011, while The National Institute for Economic and Social Research has factored in a fall of just under 1pc in prices this year, and by almost 3.5pc in 2011. The compares to a 16pc fall in 2008 and a 6pc rise in prices last year. "We still think house price are overvalued relative to fundamentals – at some point or other house prices have got to adjust," said Ray Barrell, senior research fellow at NIESR. Many commentators, including Halifax, are predicting a combination of price rises and falls over the coming months. Halifax is forecasting zero growth in prices over the year as a whole. "The weather conditions in January and February undoubtedly had a bearing on activity," said Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors. "Prices will go up over the next three to six months, and then they might stabilise. Interest rates may rise in the fourth quarter of this year. That could arrest the upward move in prices and begin to backtrack towards the end of 2010," he added. "Prices will be broadly unchanged in 2010, generally we are expecting a slow down," said Martin Ellis, housing economist at Halifax. He said that last year a combination of very low interest rates, few properties on the market, and a pool of cash rich buyers supported prices. He added: "These factors will be less powerful. Supply constraint will weaken a little bit and the pool of buyers will be smaller." EGO. |
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| Fri 13:30 | ||||
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Been looking at bovis as a potential takeover target. There appears to be a bit of M&A in other sectors. I dont buy the persimmon buying barratt rumour. But Bovis could represent a more bitesized chunk.
---------------------------------------------------------------------- Bovis banking on land Created:9 March 2010Written by:Claer Barrett Housebuilder Bovis has battled through the worst of the housing crash, with full-year results for 2009 showing a modest profit, a pick-up in trading and the distant promise of a restored dividend. Advertising A year ago, the builder was faced with an overhang of unsold stock. Today's results show reservations have increased 82 per cent, with 1,801 homes reserved in the period. Importantly, this matches annual completions (which remained flat for 2009 at 1,803 homes) signalling the end of the glut. In the first nine weeks of trading in 2010, sales of homes set to complete this year have reached 969 homes, up 25 per cent on the same period a year ago. Having strengthened its balance sheet, partly through a ?59m placing in September, the challenge now is to acquire cheap land, open more sites and boost margins. It has already re-entered the land market, acquiring four consented sites in the last quarter of 2009, with 15 more deals now agreed in principle. Bovis also followed Persimmons' lead and "wrote-back" ?11.6m to its landbank in the second half of the year as market conditions improved. This cancelled out the ?8.9m writedown it made in the first half, but exceptional charges stand at ?2.7m (though a fraction of last year's figure of ?93.1m). However, the number of active sites is expected to fall from 85 to 70 outlets in 2010 as schemes are finished. And despite slashing costs by 45 per cent since the start of 2008, operating margins of 6.2 per cent remain lower than last year's 7.5 per cent, impacted by a 9 per cent decline in average selling prices for private homes during the period. Broker KBC Peel Hunt forecasts adjusted pre-tax profits of ?10.7m and EPS of 5.8p this year (from ?6.5m and 3.4p in 2009). BOVIS HOMES GROUP (BVS) ORD PRICE: 380p MARKET VALUE: ?506m TOUCH: 379-380p 12-MONTH HIGH: 571p LOW: 353p DIVIDEND YIELD: NIL PE RATIO: 136 NET ASSET VALUE: 520p NET CASH: ?112m Year to 31 Dec Turnover (?m) Pre-tax profit (?m) Earnings per share (p) Dividend per share (p) 2005 521 116 69.0 25.0 2006 597 135 79.8 30.0 2007 556 124 72.4 35.0 2008 282 -78.7 -49.1 5.00 2009 282 4.80 2.80 nil % change - - - -100 Guide to the terms used in IC results tables. More analysis of company results -------------------------------------------------------------------------------- IC VIEW: GoodValueRumours that Bovis could be taken out by a competitor have some credence, although it is a bit early in the cycle for M&A activity. But with the shares trading at a 27 per cent discount to NAV and with the promise of a restored dividend, we rate the shares good value. Last IC View: High enough, 546p, 25 August 2009 |
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