Good morning!

It's very quiet for company news today, so just a short report.

Also, FYI I'm off on holiday this coming Saturday - to Corfu, then the beautiful island of Paxos, which we enjoyed so much in 2014 we're going back - by we, I mean a gaggle of family, nieces & nephews, etc. So it should be a scream - nice that the young ones want to go on holiday with us oldies!

SCVRs should continue largely as normal, although as I unwind they'll probably get a bit shorter than usual. Am taking my laptop, so the plan is to write my reports in the mornings, then do holiday things in the afternoons and evenings. It worked well in summer of 2014, and in any case I enjoy keeping tabs on the markets, even when on holiday.

I'll be away for 2 weeks in total, can't wait - it's been such a busy year, that a proper holiday is very much needed.


Bovis Homes (LON:BVS)

Strong interim results from this mid cap builder.

I mention it mainly because the outlook/Brexit comments are of interest. It's the latest in a string of builders to say that there's been little to no impact from Brexit so far. Here are some excerpts from today's narrative, which caught my eye;

Whilst it is too early to judge the impact of the EU Referendum and the Bank's monetary policy response on the UK housing market, the underlying market fundamentals for UK housing remain positive.  We have been pleased with the resilient level of interest shown by potential home buyers contacting us...

Reservation rates improving after a short term slow down in July...

The demand for homes in the market is strengthened by low interest rates and good mortgage availability.  The level of ongoing support from the Government, with the Help to Buy scheme and the overall positive influence of planning policy, remains high at this important time to drive new build activity for the country...

We continue to see robust levels of customer confidence and have been encouraged by the resilient level of prospects generated in what is traditionally a quieter time of the year, with a strong increase on the prior year...


That last paragraph is remarkably upbeat. It seems increasingly clear that consumer confidence has been largely unaffected by Brexit. This, and continued policy…

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