|Bid||1,019.00 x 9300|
|Ask||1,020.00 x 30100|
|Day's range||1,016.00 - 1,035.00|
|52-week range||818.60 - 1,241.50|
|Beta (3Y monthly)||0.58|
|PE ratio (TTM)||10.03|
|Earnings date||5 Sep 2018 - 10 Sep 2018|
|Forward dividend & yield||0.57 (5.83%)|
|1y target est||1,114.38|
Shares in Britain's Kier fell more than 35% on Friday to a record low after the Times newspaper reported the construction and services group was rushing to sell its housebuilding business at a discount to cut mounting debt. The report was the latest setback for the group, which has contracts for major projects including London's Crossrail link, following a profit warning last week. The shares fell as much as 36.3% to 129 pence by 1415 GMT, the lowest since it listed in 1996, erasing all of the 24% gains made since Kier's profit warning on June 3.
Shares in troubled Kier dropped 13% on Friday after a media report that the construction and services group was looking to sell its housebuilding unit as part of a review to cut debt and simplify its structure. Kier issued a profit warning last week which sent shares down 40% to their lowest in two decades as investors speculated it may cut dividend payouts and again seek to raise more funds after a failed share issue last year. The Times reported http://bit.ly/2XHb7Ap on Friday that Kier had sounded out advisers on the possibility of selling the housing division at a value of between 100 million and 150 million pounds.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
Royston Wild runs the rule over this gigantic dividend payer, and explains why he thinks it's a rock-solid share despite the uncertainty thrown up by Brexit.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
The FTSE 100 was 0.1% lower, while the mid-cap FTSE 250 rose 0.4%. British American Tobacco and Imperial Brands were among the biggest drags on the main index after data from Nielsen showed cigarette industry volumes deteriorated in the four weeks to May 18. The session's trading came against the backdrop of continued uncertainty over China's trade dispute with the United States, after U.S. President Donald Trump said Washington was not ready to make a deal with Beijing but that he expected one in the future.
The FTSE 100 (INDEXFTSE: UKX) isn't the only route to dividend success. Here are two big FTSE 250 (INDEXFTSE: MCX) yielders I see as cheap.
Galliford on Saturday said it had rejected a bid from Bovis to buy its Linden Homes and Partnerships & Regeneration businesses in exchange for new Bovis Homes shares, judging it was not in the interests of all shareholders. Bovis said in a statement on Tuesday that negotiations had broken down after it followed up an initial approach with a formal offer on May 8 of 950 million pounds in its own shares as well as the assumption of 100 million pounds in debt. Galliford, under pressure from shareholders in recent months, reiterated in a separate statement on Tuesday that it remained confident in its long-term prospects.
Galliford Try has rejected a £950m offer from Bovis to buy its house building business. The two firms confirmed that Bovis had made an approach for Galliford's Linden Homes and Partnerships and Regeneration divisions, confirming a story first reported by Sky News . Galliford said it had "carefully considered" the proposal but decided it did not fully reflect the value of the operation.
Don't look a gift horse in the mouth, says Royston Wild. Here he picks three FTSE 250 (INDEXFTSE: MCX) stocks which he thinks are too good to miss.
Galliford Try said in a statement that Bovis intented to buy Galliford Try's Linden Homes and Partnerships & Regeneration arm in exchange for new Bovis Homes shares. Sky news, which reported the deal-talks first, cited a Bovis insider saying it was unlikely Bovis would be interested in Galliford Try's troubled construction division, which was responsible for a recent profit warning. If the companies pursue a full merger, the combined entity could be valued at about 2 billion pounds ($2.5 billion) and a significant chunk of any offer from Bovis for part or all of Galliford Try is likely to be in shares, Sky News said.
Sky News has learnt that Bovis Homes Group has approached Galliford Try in the last few weeks about a combination of a large chunk of their operations. Bovis has a market value of just over £1.3bn, while Galliford Try, which owns the Linden Homes housebuilding brand, is worth roughly £550m. A Bovis insider cautioned that it was unlikely to be interested in Galliford Try's troubled construction division, which was responsible for a recent profit warning from the group.
Bovis Homes Group has approached Galliford Try Plc about a housebuilding tie-up after a previous merger talks broke down, Sky News reported on Saturday. Bovis Homes and rival Galliford Try kicked off secret talks in the last few weeks about a combination of a large chunk of Galliford's operations, Sky News said https://news.sky.com/story/bovis-approaches-rival-galliford-try-about-housebuilding-merger-11728118. The construction arm could remain listed as a standalone company or be sold to a third party, Sky News reported.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
Royston Wild discusses two income heroes he'd buy today and never tire of. In fact, he thinks they could make you wealthy.
How far off is Bovis Homes Group PLC (LON:BVS) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to...
The FTSE 100 and the FTSE 250 lost 0.6 percent each. Sainsbury's tumbled 4.7 percent to a near three-year low after the supermarket chain scrapped its proposed 7.3 billion pound takeover of Walmart-owned Asda after the deal was blocked by Britain's competition regulator. "The failure of securing a merger with Asda leaves the group in a bit of a vacuum, with leadership and strategic uncertainties the byproduct of the CMA's rebuttal," Jefferies analysts said.
It said costs had risen more than expected early this year due to surprisingly high demand for materials amid a buildup of buffer stocks in the industry on political uncertainty related partly to Britain's decision to leave the European Union. Taylor Wimpey now expects building costs to rise about 5 percent in 2019 versus a previous 3-4 percent forecast. Taylor Wimpey's shares fell 7.6 percent to 177.7 pence, pushing them to the bottom of London's blue chip index and dragging down rivals Persimmon Plc, Barratt Development Plc and Berkeley.
Royston Wild takes a look at two gigantic yielders and considers whether or not they are wise buys right now.