Barratt Developments Share Discussion Threads

[taffee] 23/5/2020 09:31

Think it's fair to say the jury is out as to the direction houseprices will take after lockdown Back to normal or falling prices? after the current economic disaster investors need to consider all angles imo

[gaygay3] 20/5/2020 16:27

Looks like the reason is that first time buyers need 12k more to put down on a deposit 10% mortgage deposits went down from 780 in March to 87

[rwlly] 20/5/2020 12:21

Yes and Japanese stock market is still only just over half of what it got to in 1989,mainly because of overpriced assets, which is now what we have got in the UK.

[arja] 20/5/2020 12:10

building stocks hammered again today for some reason .

[taffee] 20/5/2020 08:32

The only comparison is Japan example where they had to have near zero rates for almost 30 years and still had falling property and stocks for that time... Property appears cheap but the Japanese just believe they can only get cheaper! Interest rates could be forced to rise...the gov made a terrible error propping markets up.. Now the UK pop believe they will keep doing it forever What a bizarre colamity of economic policy... Some believe the current hysteria has been fuelled by the belief a debt reset is necessary/inevitable

[rwlly] 19/5/2020 19:39

This is the problem we face, interest rates will have to stay at or near zero forever, because of overpriced assets far too much individual and government debt. Absolutly no insentive for anybody to save for their retirement.

[salver2] 18/5/2020 22:43

4times earnings are you an idiot that would make average house about 98000 - a mortgage on that would for a couple be about 25 quid a week each - I bet you spend more on that a week on cappuccinos at Starbucks!

[arja] 18/5/2020 10:03

yes, building stocks are not the flavour of the month but hoping house prices will not dip too much as I plan to return to OZ when able to fly there safely !!( smile )

[rwlly] 14/5/2020 12:24

The sooner we can get average house prices back down to 4 times average earnings the better.

[32campomar] 14/5/2020 08:14

I think buyers will be there but they will want prices discounting, that's why builders shares have weakened again I think, possible write downs on housing stock

[taffee] 14/5/2020 07:04

So builders are back in business it seems but will buyers flock to buy their houses when the gov says a big recession is upon us and this year Or will they have to slash prices.. Time will tell

[mickinvest] 01/5/2020 12:11

Initially our construction activities will prioritise sold plots at advanced stages of construction, and we therefore expect a limited number of additional completions this financial year. As at 26 April 2020, the Group has completed 11,776 homes (2019: 11,723 homes) (including JVs). Our total forward sales are 12,271 homes at a value of £2,852.9m Couple question on the above 1) Does the cash position include sales from 11,776 homes already completed this calendar year? They have suspended all land purchases, dividend payments etc and net cash is roughly same as January 1st. Give or take a bit but are we projecting net cash staying same until the end of the year with a full year's landbank depleted?

[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