Barratt Developments Share Discussion Threads

[cupra kid] 07/6/2021 11:31

Large developers will always have decent contracts in place to secure orders.

[kanwar] 20/4/2021 15:14

Anyone see Boris in a Barratts Hard hat?

[kanwar] 06/4/2021 14:55

What is the next point of resistance?

[energeticbacker] 29/3/2021 10:26

With UK housebuilder offering yields up to 8%, should Investor's Champion add one to their Income Boosters dividend portfolio? Barratt's half-year figures for the six months to 31 December 2020 showed a strong recovery on the previous six months. New home completions rose by 9% to a record of 9,077 during the period and the group's operating profit margin was 17%, just below the equivalent pre-Covid figure of 18.6%. Pre-tax profit for the half year was £507m, 15% higher than the corresponding period in 2019.

[makinbuks] 18/3/2021 16:45

That's a high benchmark but I would certainly agree there is no logical reason why they should trade below that pre pandemic level. And while you wait for the price to rise there will be good news on dividends

[kanwar] 18/3/2021 12:14

£10.00 target for me in the coming weeks and months.

[undervaluedassets] 04/3/2021 07:35

The government is going to incentivise home construction in the UK, isn't it. It is the only game in town. In for a few

[kanwar] 01/3/2021 15:21

Hope we get a boost on Wednesday.

[imastu pidgitaswell] 05/2/2021 13:04

I'm only ribbing in a quiet time. Have a look at the TW. thread for how sikh interacts and 'engages' with others. :-) (mind you, if he migrates to here instead - not as well as the TW. thread, we've been asking for long enough - I think we could all be happy)

[makinbuks] 05/2/2021 12:44

Credit where its due, I gave an off the cuff thought without back up and sikhthetech didn't just disagree he set out very clearly the logic of his argument with evidence

[imastu pidgitaswell] 05/2/2021 12:34

Said no-one, ever... 😎

[makinbuks] 05/2/2021 12:16

Compelling argument sikhthetech, you're probably right

[sikhthetech] 04/2/2021 17:21

Barratt also stated Stamp Duty hol and Help to Buy contributed to housing demand... Also the dependence of housing market on Help to Buy. Stamp Duty hol ends 31st March, less than 2 months Help to Buy for 2nd homes ends 31st March, less than 2 months. New Help to Buy for 1st time buyers only from 1st April is also less favourable. The scheme completely ends in 2023, 2 yrs time. Budget next month. Furlough ends 30th April. If house prices fall, I think Help to Buy loans will become toxic. From BDEV results: " This growth reflected underlying market strength, pent up demand following the initial national lockdown and also demand resulting from the stamp duty holiday and the March 2021 end of Help to Buy for existing homeowners." "Whilst the lending environment is broadly positive, with some signs of increased competition since the start of December, there remains an absence of mortgage lending at higher LTV levels from many of the mainstream lenders, particularly for home buyers unable to access Help to Buy." "The health of the housing market, and housebuilders' ability to build homes to meet demand relies on a strong and competitive mortgage market with a wide range of affordable and accessible mortgage options for home buyers. Absent an increase in LTV levels, Help To Buy is likely to become the only way into home ownership for many first time buyers." https://uk.advfn.com/stock-market/london/barratt-developments-BDEV/share-news/Barratt-Developments-PLC-Half-year-Results/84244800

[investor73] 04/2/2021 14:08

Barratt Developments today boosted hopes that the housing market will cope once the Chancellor's stamp duty holiday finishes at the end of March. The housebuilder revealed that 11,588 homes had been secured for completion beyond that date, part of a “strong” forward sales position worth £3.42 billion. https://www.standard.co.uk/business/barratt-developments-housing-london-stamp-duty-b918644.html

[investor73] 04/2/2021 12:48

Housing market ‘will pick up very quickly’ post-lockdown. hxxps://propertyindustryeye.com/housing-market-will-pick-up-very-quickly-post-lockdown/

[sikhthetech] 04/2/2021 12:40

Sales have risen on the back of the Stamp Duty hol, which is due to end 31st March. SD hol and Help to Buy for 2nd homes ends 31st March. Re Dividend. If HBs can pay dividends to shareholders then why should the Chancellor extend Stamp Duty hol, especially given the money spent due to covid? The Chancellor already rejected extending SD hol and there was a debate about it on Monday. Seems like The Chancellor is against the idea of extending Stamp Duty Hol on the basis that house prices have already risen sharply. Budget next month and SD hol/Help to Buy for 2nd homes also end next month. Sunak plan to end UK stamp duty holiday boosted by housing boom data https://www.ft.com/content/ba98ddcd-0feb-429d-849a-d94e87fde279 It's possible HBs will follow Galliard Homes and also 'extend the Stamp Duty hol' by effectively reducing the price out of their own pocket, which will hit their profits. Stamp Duty hol ends next month. London developer Galliard Homes has extended the stamp duty holiday by six months, with the property company footing the bill. https://www.cityam.com/london-developer-extends-stamp-duty-holiday-to-october/

[smurfy2001] 04/2/2021 11:58

FFS at least post the useful bits about the dividend !!! === Dividend resumed After what has been an unprecedented and challenging period, our business has demonstrated its operational strength and financial resilience. Our disciplined operating framework and the speed of management decision making and actions, both at the start of the pandemic and thereafter, have delivered both a rapid and robust recovery and a further strengthened balance sheet. The Board, in light of this performance, and whilst recognising uncertainties remain ahead, is delighted to declare an interim dividend of 7.5 pence per share (2019: nil). The interim dividend will be paid on Monday 10 May 2021 to all shareholders on the register on Friday 16 April 2021.

[makinbuks] 04/2/2021 10:48

Restoration of the dividend is great news but the policy of 2.5 cover over EPS is extremely conservative with over £1bn cash on the balance sheet. The effect of the pandemic is limited to a 1.8% reduction in margins but to have traded profitably through these circumstances is encouraging. Lets see now what the Chancelor has in store in the budget. I suspect he will extend the stamp duty regime for 12 months and well get another boost

[vatteton] 04/2/2021 08:02

Plus reinstatement of a divi

[peterlowen] 04/2/2021 07:47

https://bdaily.co.uk/articles/2021/02/04/double-digit-revenue-growth-for-barratt-developments-with-record-house-completions Double digit revenue growth for Barratt Developments with 'record' house completions

[smurfy2001] 08/1/2021 13:16

Despite having fewer homes available for sale in the first quarter this year, which leaves Barratt more heavily reliant on construction activity, it has raised its completion forecast for its financial year, which ends in June. https://www.theguardian.com/business/2021/jan/08/housebuilder-barratt-ups-sales-forecast-amid-pent-up-demand-covid

[jimarilo] 08/1/2021 08:15

Talk of sturgeon increasing lockdown measures, the clown will follow no doubt Will we be going back to the dark days of March...??

[jimarilo] 08/1/2021 08:09

Looks like sell the news