Shares digital

Investors in Sheffield-based Henry Boot (BHY) were reassured as the company said that the valuation of its property and development portfolio will be higher than the figure disclosed at the half year in September. This is thanks to £75 million invested over the year without increasing the gearing. Demand for the company’s residential sites has been strong, and the construction division has a record order book.

Shares says: The shares haven’t nudged after the news, but at 2008 PE of 6.7 and 3% forecast yield it’s a buy. CS