Summary
BOVIS Homes raised hopes of a recovery in the house building sector yesterday when it tapped the market for GBP 60 million to fund a land spending spree.
Bovis intends to take advantage of depressed prices to build up its land bank. In a move that analysts described as "wholly sensible", the house builder placed up to 12.1 million ordinary shares, representing 10 per cent of its existing share capital.See the full content of this document
Extract
Bovis Share Offering to Fund Land Buying
The shares were placed at a price of 500p per share, marginally lower ...
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