Poor, poor Bovis – literally.
Their housebuilding is going too slowly in Seaton and time is running out on their S106 agreement that reduced affordables on the 300+ housing site from 40% to 25% to 0%. So, they have to put in another submission showing that they simply cannot afford them and EDDC’s “independent valuer” agrees. Officers agree too and it just remains to be rubber-stamped at a forthcoming DMC.
BUT
In the meantime, councillors on and off the DMC, particularly in Seaton might want to think about it before jumping on that ” too poor” bandwagon:
Guardian 16 February 2016:
“Bovis Homes predicts further growth after record profits
Housebuilder increases annual dividend by 14% to 40p a share after pre-tax profits for 2015 jump 20% to £160m”
Bovis Homes has predicted another year of growth after reporting record profits, which were helped by rising house prices and the government’s help to buy scheme.
http://gu.com/p/4hxx3
Yesterday, it was considered a “Buy” stock by Hragreaves Landsdown and Dautsche Bank and HBSC agreed:
Goldman Sachs agrees too:
Terrible to be so poor isn’t it …
East Devon Watch 
Can’t someone insist on full disclosure or, perhaps, if it’s not too late, a Freedom of Information request is in order to see their recipe for cooking the books.
http://www.theguardian.com/cities/2015/jun/25/london-developers-viability-planning-affordable-social-housing-regeneration-oliver-wainwright
There are other examples too, such as in Greenwich et al.
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