Barratt Developments Share Discussion Threads

[scepticalinvestor] 11/1/2023 07:29

Not at all - are you simple? Far better than was expected

[sunshine today] 11/1/2023 07:26

Dire Trading update.

[arja] 03/1/2023 09:39

could take a pin today and make money - sone start to the New Year :)

[cwa1] 03/1/2023 09:03

Nice new year's rise so far today...

[sikhthetech] 20/12/2022 18:36

House prices to edge lower by 5% in 2023: Nationwide

Nationwide says it will be hard for the market to regain momentum in 2023 with economic headwinds set to strengthen.





No Help to buy
Buyers holding off until interest rates fall.
Increase in homeowners in severe mortgage debt/repossessions

[cwa1] 05/12/2022 07:11

* Barratt BDEV.L : Jefferies raises target price to 452p from 356p

[sikhthetech] 13/11/2022 18:38

There you go, repossessions rising, as expected, April onwards after govn support ended and courts catching up with the backlog.
90% up from last year.
15% up on the quarter

all as expected.
;-)

Watch the demand decrease and supply increase



Mortgage repossessions up 90% as families warned of ‘ticking time bomb’
Rishi Sunak urged to act as landlord repossession claims also shoot up




Up 15% on the qtr:

House repossessions start to climb amid cost of living crisis: Properties taken back by banks rise 15% in three months as mortgage rates shoot up







sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price

[microscope] 10/11/2022 15:30

Think my call at 325p can officially now be called the correct one! Up 25pc since.

A fall of about 60 percent had clearly more than factored in a 15pc drop next year and even any further falls beyond. Yield had reached 10pc, and buyback was underpinning share price - even if shares now drop 15pc from here, would still be about 350p.

Also I've noticed aggressive afternoon buying often recently, so I think might be US interest.

Not saying they're totally out of the woods, but I'll happily maintain 325p people wouldn't miss a second time, and you know what they say, Let the trend be your friend, and, for now, it's a new uptrend.

Oh and I can thoroughly recommend sweet chilli sauce with hats -I've had to eat a few in the past, Credit Crunchies! ;)

[creditcrunchies] 03/11/2022 10:23

I know why me being daft I already had a pending order

[creditcrunchies] 03/11/2022 08:41

You can't get quotes to sell this never seen that before

[sikhthetech] 02/11/2022 20:50

Fed increases interest rates by 0.75% today.

BoE meeting tomorrow.

This is 2 weeks before the Chancellor's Autumn Statement so they don't know what impact the Statement will have.

House price falls so far forecast by banks/property experts:

Watch the demand fall and the supply increase.

These are for next year:
Lloyds house prices to fall 8%, worst case 18%
Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Natwest house price falls 7%

Nationwide house price crash 10-15%

[creditcrunchies] 01/11/2022 11:07

If this goes over 400 I'm gonna need another hat

[sikhthetech] 30/10/2022 16:38

credit
"Well house prices went up a ridiculous 25% more than they were pre COVID in 2019."

That's the point. House prices benefited from covid and govn support.

That support which included a ban on repossessions and courts were suspended ended a year ago, Sept 2021.

A 10-15% fall for NEXT YEAR is significant enough so why would potential homebuyers rush to buy, leading to millions of pounds of lost revenue, cash for HBs?

Leading to reduced demand and increased supply.
The falls snowball into a housing slump which can last years.

Best to trade hyped sectors.


Over next 3 weeks: The BoE meeting this week, HBs updates and Chancellors Autumn statement will provide some direction as to which direction the housing market is heading.
Will govn provide support for housing market?

[creditcrunchies] 28/10/2022 10:16

Well house prices went up a ridiculous 25% more than they were pre COVID in 2019. We laff at the prices around here they're at wtf levels. So 8-18% drop is still a gain as far as I can see

[sikhthetech] 27/10/2022 19:44

There you go...more and more experts predicting house price falls...

Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Lloyds house prices to fall 8%



Banks now predicting house price falls. No wonder they withdrawing credit.

Lloyds forecasts house prices to fall 8% next year - worst case 18%.

Banking giant Lloyds forecasts that house prices may fall by 8% next year - but says they could tumble nearly 18% in a 'severe' scenario
Bank's report includes predications on house prices in 2023
Even the bank's best case scenario sees prices falling by 2.7% next year

Capital Economics has forecast a 12% fall while Credit Suisse predicts 15%

[sikhthetech] 27/10/2022 19:33

lafiamma,

"heading back below 3%"


HEADING..

If you tell potential customers mortgage rates are heading lower then they will hold off until they do so, resulting in HBs will losing millions of pounds in lost revenues, cash etc.

It's like anything whether it be share prices or any asset, if clients believe it's going lower then why take out the product now.

Therefore, lower demand.

More and more media are reporting housing market falling. If you tell would be sellers their asset is going lower then they look at selling sooner. There are millions of 2nd properties. You only need a tiny number to start the ball rolling and it snowballs.

Therefore, higher supply.


People who put off buying a house don't put off living. Even with cost of living crisis, people still go on holiday for the sake of their kids and their own wellbeing.

[sikhthetech] 27/10/2022 14:45

Micro,

I wouldn't invest in cryto. I did trade ad tech last year whilst I continued to post it was hyped/bubble. I do the same with others I believe are hyped.

Markets look forward. Currently travel has not returned to pre-covid levels and I think over the coming months more will book hols/breaks to get away from problems at home.

With HBs, the current HBs share price is more to do with the general market and bounce factor with the new PM than housing market specific, as I stated in my post from Feb.


sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price

[microscope] 27/10/2022 14:26

Not sure I'd call the housing sector hyped, Sikh, certainly not when compared with some of the crypto rubbish, (ARB could be going bust without 'near term' funding), technology and mining for example.

Yes I had a look at easyJet, but when I saw them reducing their winter breaks flights many months after releasing those for sale, it made me cautious, though the company has done well in share price terms recently, similar to here infact.

As to whether most will take a holiday next year, will depend on similar factors to other sectors and as I've said, the outlook for household bills is better than it looked a month ago, so that's encouraging, as it is for BDEV of course.

I'm not primarily a trader, never have been, but when the opportunity presents itself, I'm always open to it for a small part of my portfolio.