Why Bovis Homes Group plc, Kentz Corporation Limited And Amlin plc Should Beat The FTSE 100 Today

Bovis Homes Group plc (LON: BVS), Kentz Corporation Limited (LON: KENZ) and Amlin plc (LON: AML) start the week well.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

It’s looking like another gloomy Monday for the FTSE 100 (FTSEINDICES: ^FTSE), 15 points down on 6,485 approaching midday and following on from an 83-point loss last week. And with fears of a scaling-down of economic stimulus measures in response to recent upbeat news dominating thought at the moment, we could easily be in for the FTSE’s third week of losses in a row.

 But there are still some glimmers of optimism amongst individual shares. Here are three from the various indices that are picking up today:

Bovis Homes

First-half figures sent Bovis Homes Group shares up 8.3p (1.1%) to 787p this morning, as the housebuilder reported a 17% rise in housing revenue to £183m with pre-tax profit up 19% to £18.6m. Earnings per share (EPS) gained 26% to 10.8p and the firm lifted its interim dividend by 33% to 4p per share. An average sales price of  £188,500 was achieved, up 15%, and the number of completed homes rose 2% to 963.

Bovis shares are up around 60% over the past 12 months, with a 35% rise in EPS forecast for the full year — and that doesn’t look at all unlikely now.

Kentz Corporation

Shares in Kentz Corporation soared 106p (22%) this morning to 581p, after the engineering services firm confirmed it has been the target of one bid and may become the target of another. The confirmed bid, from Amec, was described by the firm as “a highly conditional and unsolicited proposal“. It valued the shares at 565-580p, and the board of Kentz “concluded that it undervalued the company and therefore unanimously rejected the approach“.

Austrian firm M&W Group has also presented a possible bid, but no firm offer has come from it — Kentz told us that it is not considering it.


Specialist insurer and underwriter Amlin (LSE: AML) published its interim figures this morning, and the result was a modest share price rise of 2.5p (1%) to 394p even though pre-tax profit was reported to be down 12% to £161m. There were catastrophe losses in the period, with none at the same stage last year, but at £32m they were not too damaging.

Earnings per share dipped 17% to 28.2p, but the firm was happy enough to lift its dividend by 4% to 7.8p per share. Going on current forecasts, Amlin shares are on a forward P/E of only around 8.5. There’s also a dividend yield in excess of 6% expected, and it should be covered about 1.8 times by earnings.

Finally, if you’re looking for investments that should take you all the way to a comfortable retirement, I recommend the Fool’s special new report detailing five blue-chip shares. They’ll be familiar names to many, and they’ve already provided investors with decades of profits.

But the report will only be available for a limited period, so click here to get your hands on these great ideas — they could set you on the road to long-term riches.

> Alan does not own any shares mentioned in this article.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Investing Articles

Surprised Black girl holding teddy bear toy on Christmas
Investing Articles

4 penny stocks I’d love to buy for my Xmas stocking!

I'm hoping to buy these top penny stocks when I next have the opportunity. I think they could be some…

Read more »

Young woman working at modern office. Technical price graph and indicator, red and green candlestick chart and stock trading computer screen background.
Investing Articles

Why I believe the lagging FTSE 250 is a rare opportunity to buy cheap shares now

The FTSE 250 is showing some attractive numbers and they suggest some cracking value among businesses listed in the index.

Read more »

Person holding magnifying glass over important document, reading the small print
Investing Articles

Is this FTSE 250 TV giant one of the best opportunities on the market right now?

A staple name among UK television lovers, this FTSE 250 stock has fallen substantially. Is it time to buy the…

Read more »

Smart young brown businesswoman working from home on a laptop
Investing Articles

Could this 2.5% yielding penny stock soar in 2024 and beyond?

This penny stock has struggled throughout 2023 but could the new year provide it with a much needed positive momentum…

Read more »

Number three written on white chat bubble on blue background
Investing Articles

Just released: the 3 best growth-focused stocks to buy in December [PREMIUM PICKS]

Our goal here is to highlight some of our past recommendations that we think are of particular interest today, due…

Read more »

Close-up of British bank notes
Investing Articles

With £500 I’d start a passive income portfolio with these UK shares

Owning shares in an established business can be a great source of passive income. And Stephen Wright thinks now is…

Read more »

Smiling white woman holding iPhone with Airpods in ear
Investing Articles

I’d buy these FTSE 100 and small cap stocks in 2024 to target a second income!

This FTSE share offers a 6% dividend yield and trades on a rock-bottom P/E ratio. Here's why I'll buy it,…

Read more »

Investor looking at stock graph on a tablet with their finger hovering over the Buy button
Investing Articles

Here’s one excellent FTSE 100 value stock investors should consider buying

Sumayya Mansoor explains why this packaging giant is currently in value stock territory and should be on investors radars.

Read more »