Home
Investment
News & Views
Company News
news storage
Tuesday Tips Round Up: Two takes on Bovis
Tue, 22 May, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Tuesday Tips Round Up: Two takes on Bovis
Tue, 17 Jan 2012, 07:20:00
The Times's Tempus column casts its eye over the home builder <b>Bovis</b>.
 
 Despite house prices remaining relatively flat the company has seen its sales price increase by 4.5% as a result of a focus on the south east.
 
 Bovis managed to build 2,045 homes last year, up 8% on 2010.
 
 Profits are predicted to rise from £19m to £31m in 2011 and £48m in 2012. Tempus thinks this is "healthy enough" but at this stage will only go as far as "hold".
 
 The Telegraph's Questor also sizes up <b>Bovis</b>. It points out the main focus for the company is its return on capital employed (ROCE) figure, which is essentially investment versus earnings. 
 
 Bovies achieved 5% ROCE in 2011, and may push that up to more than 7%. Given the economic climate, Questor gives the firm some credit for this.
 
 With the UK government agreeing to new measures to stimulate the mortgage market and the bald fact that Britain doesn't have enough housing helping all house builders, Questor says Bovis is a buy.
 
 Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
©2004-2009 QCK.com
