Barratt Developments Share Discussion Threads

[rwlly] 24/4/2020 11:49

New builds on an ex pub sight ,not far from me in rural Cheshire. Packed together as near as possible, the main industry around is industrial estate and agriculture. So majority of workers around the area will either be on minimum wage or very little more. Prices starting at five hundred and fifty nine thousand nine hundred pounds, yes we need more houses, but if they cant be built and sold for substantialy less than that there needs to be a public enquiry into the whole sector?

[taffee] 24/4/2020 11:00

Okay so no need for help to buy then

Or any other props!

[sharetalk] 24/4/2020 08:49

UK demand for new housing exceeds supply. That fundamental means it remains a good investment.

[egan] 24/4/2020 08:42

Indeed. All the building sites around here are now on stream. ( Yorks)

[death by donut] 24/4/2020 08:29

Don't take this as gospel as it came from a contractor I sub to .As I understand it the builders in general are starting with houses that are watertight. Finishing trades only , 1 trade per house/floor at a time , PPE to be worn etc.Seems to be slight variations on this but all pretty similar is how I heard it.DYORDbD

[bigbigdave] 24/4/2020 08:26

Traffic levels are on the rise for the first time since the lockdown began as Britain inches back to work.
Analysis suggests that the number of cars on the road is up by about 10 per cent this week compared with the early part of this month in a sign that the economy is restarting as more shops, building sites and factories reopen.

Figures from the AA show more car journeys than at any point over the past month. The motoring group has also recorded a rise in breakdowns

[sharetalk] 24/4/2020 08:22

Construction to resume later this month?

[sikhthetech] 16/4/2020 21:21

Does anyone know how much, if anything, Barratts set aside to redress the leasehold scandal?

How many of their homes were bought using the H2B scheme?

[888icb] 16/4/2020 21:07

I agree Barratt’s moves to conserve cash are regrettable and contrary to what the Government wants to achieve. Barratt are cash rich like their rivals and have no need to renege on deals. However they have suspended land purchases, land they will need in due course but in the mean time they are abandoning their supply chain who procure the land for them. Disgraceful behaviour which will probably put some of their supply chain into severe financial difficulty and leave them short of the land on which to build as we come out of this crisis.

[cerrito] 16/4/2020 11:29

Not sure if I have read it wrong but cash seems to have gone up from 380£m to 450£m since March 25th and RCF continues undrawn.
I have been out of these for 8 years and am starting to look at again for possible reentry.
Looking at the RNS I was surprised that they are taking such draconian steps to conserve cash given their financial position and so am missing something.

[porsche1945] 16/4/2020 10:18

This has a paltry 450m in cash, that will be burned through in double quick time then its into debt and the usual capital raising (dilution) exactly same pattern as 08. Back to .90p.

[gswredland] 15/4/2020 18:01

Cheers death

[aneeda avadump] 14/4/2020 21:21

buy at 100p

[death by donut] 14/4/2020 15:38

None of the ones I've been working on , all closed about 2 weeks ago. Same with TW.

[gswredland] 08/4/2020 18:19

Just asking the question not suggesting they would
Looking to buy
I wonder if there is construction on their sites

[pander45] 07/4/2020 23:52

Very wrong, bear market rally looks at the headwinds ahead....quite possibly overwhelming.

[gswredland] 07/4/2020 22:13

Yep.
Barrett likely to go bust?

[arja] 06/4/2020 21:24

wow . BDEV and building stocks took off today and will kick on tomorrow on back of
the flying dow and US markets . Looks like market thinks we finally bottomed but
might be a bit premature !

[tradejunkie2] 06/4/2020 16:03

Coronavirus: Barratt Developments North East closes sites across the region

[porsche1945] 01/4/2020 18:19

Back to .90p a la 2008. Surprised how little cash reserve Barrat have got. UK already in poor shape after 3 years of brexit fiasco, far worse than any other g7 country, heavy asset destroying recession coming, house prices down easy 30pc starting now, no money left for propping up builders with stupid help to sell scheme, toast. A lot of repossessions coming too, no housing shortage, especially with all the euro workers heading home.

[woodhawk] 01/4/2020 13:34

amt,

"At least at that time we could see a way out".

Really? I think it's THIS time that there's a bloody obvious way out.

[amt] 27/3/2020 09:08

I think the share price doesn't reflect how bad things are. Mervyn King who was governor of BOE at time of financial crisis said the current situation is worse than then. At least at that time we could see a way out. There is too much uncertainty. The lock down could go on until the end of the year, on and off but that's going disrupt everyones plans

[32campomar] 27/3/2020 07:19

Redrow in talks with bankers to extend borrowing to see it through this period.

[connor23] 26/3/2020 17:25

I was a bull on this stock a number of years ago but def not at the moment (taffee, your time has come!). I see FT is reporting that Govt advice is not to complete house purchases. Bit late for me as I complete on a property tomorrow! Barcalys and Lloyd's pulling mortgage offers unless you have a 40% deposit.

[minerve 2] 26/3/2020 16:48

"When this is over who's gonna buy all these highly priced and not exactly generously sized new houses and flats?"

The same people who were buying them before.