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Ash4781

Builders At Discount To Net Asset Value ?

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There is an article in the independent that has an interview with the ceo of bovis. The usual about ltv ratios, planning and there being no ftbs and lots of surplus capacity to build. There is also a note that the share price is at a discount to net asset value. Does this mean that the asset values are over-valued or some other balance sheet issue ? barrier to consolidation?

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But they are not at a discount to future net asset value. Investors expect prices to fall.

BDEV was tipped in the independent a month ago as a buy stated this above fact. I remember laughing at the time as I actually considering a short as they'd rallied somewhat.

Wish I had now they dropped more than 20% since then :D

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There is an article in the independent that has an interview with the ceo of bovis. The usual about ltv ratios, planning and there being no ftbs and lots of surplus capacity to build. There is also a note that the share price is at a discount to net asset value. Does this mean that the asset values are over-valued or some other balance sheet issue ? barrier to consolidation?

No.. it is selling at discount to made to believe NAV. In fact, Bank of America is trading at 0.5x made to believe NAV - any taker?

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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