January was a good month for FTSE 250 listed housebuilder Bovis (BVS) – an upbeat trading statement on the 18th was followed by news on the 30th that it had extended its £150 million debt facility for three more years. Not that it needs to borrow as it has net cash. However the shares have enjoyed a terrific run, from 400p last June to 674.5p, which values the firm at £897 million and the good news is more than discounted.
on TradingResearchPoint | Comments