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Barratt Developments Share Discussion Threads
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|For the chartists: Barratt Developments (BDEV): December Resistance Target
It would appear that there is plenty to celebrate at the moment as far as the recent charting action at Barratt Developments is concerned. This is said in the wake of last month’s as yet unfilled gap to the upside, after a sharp bear trap rebound below 500p. The position now is that we are looking at the aftermath of a second unfilled gap to the upside for May, through the 50 day moving average at 543p. This has also been a break of a falling wedge bullish formation that has been in place on the daily chart since as long ago as November. The message going forward is that provided there is no end of day close back below the 50 day line, one should be right to be chasing further significant upside. The favoured initial target is clearly the 200 day moving average at 592p, but a decent end of day close back above this key feature would suggest we are set for a “minimum” push up to the late December peak at 638p. The timeframe on such a move may be as soon as the end of June.
|Now then taffee my old mucker....I just thought I'd pop in to the Bdev thread and lo and behold....you are still here. Surely you are still not waiting for housing Armageddon are you?....|
|looks like the market giving another selling opportunity
|Looking more positive here recently. Dividend & capital return received & no doubt a few investing them back into BDEV. Housing sector coming back into favour too? Looks that way.|
|We bears have had a nice earner
Here BANKING profits....where will it
Go from here? Up hopefully for another
|Discounting Central London the housing sector seems in rude health across the board
Excellent updates from all round with divi increases and more return of capital by way of special dividends|
|I just listened 11 May t/s conference call recording. The CEO Mr. David Thomas talks irritatingly slow!|
|10% return on your investment (or more as in my case)! Great performance!|
|There are warning signs everywhere that the British housing bubble is about to go POP! according to DAN HYDE
Read more: http://www.thisismoney.co.uk/money/comment/article-3583698/DAN-HYDE-Warning-signs-housing-bubble-POP.html#ixzz48R174hFc
Follow us: @MailOnline on Twitter | DailyMail on Facebook|
|Brexit itself might be 2 years or longer, Lauders, but the stock market would respond straightaway. That's probably mainly what's held Bdev etc down recently. Otherwise everything's fine, as you say.|
|Two good posts above and given the green thumbs-up accordingly! Good luck to us all whatever our stance. It is what makes a market. I am in BDEV for the long-term. That was my plan unless something major unravels and I have to sell. So far not done too badly. Some dividends and one capital repayment and now just about to receive more dividends and another capital repayment. The last RNS was very bullish and so no concerns at the moment. Yes... Brexit is a shadow but it will be over and done with in a few months and life will continue afterwards. Even IF (big IF!) we leave it will take around 2 years to action from what I hear, so I am not sure it will have that much of an affect.|
|Cheers cwa1 hope it works out for you long term|
|Thanks for the rationale koetser, at least you seem to have shorted according to some kind of plausible agenda. I'm long but I still like to see the potential negatives.
However, leaving that all aside, the company can only really tell it the way it is. All of the numbers they produced in the statement are facts(we have to assume), so it's hard for them to paint too muted a picture and I suspect if they were excessively nervous they would be starting to gently guide downwards.
Respect your right and your rationale to short and, as you say, let's see how it all works out!|
I believe that if I was in Barratt's management I would be looking to be cautious because of the following factors:
1. Price drops in Central London
2. Forcast oversupply of high-end properties in London, to which Barratt does have some exposure though limited ... not as bad as Berkley
3. Increased stamp duty for second homes/BTL
4. removal of interest payments being used to offset tax at 40%
6. The price of Barratt a few months ago was based on an almost perfect housing market situation. It has however been drifting down steadily.
So to have a statement saying that everything is nice and dandy and increasing output is setting yourself up for a fall. They need to be a little more cautious but they are not.
My plan, shorted a month ago sitting currently on a nice profit will wait till EU referendum vote and close my short. Note I was previously a buyer of this company and bought in around 390 few years back and sold out last year at 580, so generally think this is a good company.
Let us see if it works out ....|
|Agree CWA1. Not sure how the statement confirms BDEV are a short but there you are, takes all sorts I suppose. Surely there are better candidates than BDEV? We will see what happens down the line. taffee you are filtered. Have no idea what you just said and don't really wish to know either.|
|Everything seems to be ticking along fairly satisfactorily according to the statement IMVHO.|
|I am a bear and Barratt statement confirms this for me. shorting this very nicely thank you ...|
|Nice trading statement today. No comment from the Bears? Hopefully not ;-)|
but now it appears buy-to-let may have had its heyday as The Bank is forcing lenders to "toughen up" over concerns they have relaxed standards for landlords, creating the conditions for a disastrous property crash.|
Don't get me wrong I have been shorting this for about a month but the reason house prices are down is because lots of buy to let properties have been sold in March which tend to be lower value high yield. This is why the average is down having said that house prices will be falling soon IMHO|
Anna White, head of property
28 APRIL 2016 • 12:09PM
House prices in all the regions in England and Wales apart from London and the East fell in March, according to new data from the Land Registry.
Considered by industry experts to be the most accurate of all the house price indices, fresh figures showed that property values edged down across the country, even in the high-demand South East.|
|I will be buying in tomorrow so am very pleased with the fall. I have put these in my monthly investments so I can average down if they fall. The Brexit angle has weighed on these but as that is never going to happen then it has created a useful buying opportunity. There will be a definite bounce after the June referendum goes as expected. This has gone from 650p to less than £5 in six months with no change in fundamentals|
|I'll certainly keep an eye out for that happening. All other things being equal I could well be tempted again.|
|well give it a month or two and you will be able to pick some up for sub £4|