Barratt Developments Share Discussion Threads

[typo56] 09/6/2023 07:24

Very shoddy. Don't suppose it will dent profits much

hTTps://www.cambridgeindependent.co.uk/news/developer-to-demolish-36-new-homes-at-darwin-green-developme-9316199/

hTTps://www.bbc.co.uk/news/uk-england-cambridgeshire-65843974

[petersinthemarket] 11/5/2023 18:10

Interesting confidence being shown, but I'm not sure what is expected to drive the share price up from here.
Chart suggests stong resistance at 500p. Recession, inflation, high interest and mortgage rates. All builders reporting lower fwd orders. [I sold at 500p; Wife still holds]
EDIT: At 509p, wife is winning so far.
EDIT: Spoke too soon, now c 480p.

[volsung] 10/5/2023 09:43

Added a few more to the SIPP
Solid stock

[tornado12] 03/5/2023 12:27

Trading update pretty much as expected. Important for me is their solid balance sheet and cash in the bank ! Waiting and watching for any weakness before adding

[tornado12] 28/4/2023 13:49

breaking 500p again is a nice milestone. Continued uncertainty but so far not as bad as expected I would say.... Will add if the big drop happens again this year. For now on hold with my stake

[petersinthemarket] 18/4/2023 12:46

570p would be nice, but I dont believe bank analysts. [I hold]

We all read charts differently - to me the chart says strong resistance around 500p. In today's housing market, I can't see how the share price could continue to rise as strongly as it's recent recovery has suggested. IMO it only looks this good now because of it's recovery from the double bottom caused by the utterly disasterous trashing of the market caused by Truss and Kwartang.

[the original goldbug] 13/4/2023 13:55

No one here really which is a good sign for a stock which is grinding higher.

A lovely inverted head and shoulders developing should catapult it back to the 7s.

[woodhawk] 13/4/2023 10:20

FWIW

HSBC raises Barratt Developments to 'buy' (hold) - price target 570 (390) pence

[woodhawk] 11/4/2023 13:08

FWIW

Barclays raises Barratt Developments price target to 570 (509) pence - 'overweight'

[covid 19 deal] 06/4/2023 11:54

All shares crossing exdividend price ..whats going on

[scepticalinvestor] 05/4/2023 09:00

Yes, this deserves some sackings to be done

[petersinthemarket] 13/3/2023 12:12

I agree - the double bottom around 325p would hopefully act as support.

[tornado12] 03/3/2023 11:28

Prepared to add more below 380p, if it ever gets there. Long term investment with good divi return . Watching & Waiting ..

[makinbuks] 02/3/2023 11:20

Fair enough, I don't have data. Only subscribed for the last year or so and find their analysis very good

[salver2] 01/3/2023 14:45

You’re going to be right sometime by chance but their historical record is somewhat poor

[makinbuks] 01/3/2023 10:01

I think thats harsh, they recently won an award for the accuracy of their forecasting

[salver2] 28/2/2023 18:15

Capital economics record is worse than mystic Meg

[makinbuks] 15/2/2023 16:15

Yes Capital Economics still expect a recession in 2023 and a 12% reduction in house price peak to trough. Todays inflation news though probably supports the view that we are close to the peak in interest rates, possibly one or two more 0.25% rises to come. Next BOE meeting 22nd March

[petersinthemarket] 15/2/2023 13:47

FWIW you can get around the subs request. Just right click on the top of the report and select save page as ...
8Feb: Independent: EXTRACT: UK growth will remain close to zero throughout 2023, says Niesr.
Britain will narrowly avoid a recession this year, but there will be little respite for under-pressure families – with around 7 million households expected to struggle to pay energy and food bills, according to an economic think tank. The National Institute of Economic and Social Research (Niesr) has forecast that the UK will swerve a technical recession – as defined by two or more quarters of falling GDP in a row – not just in the final three months of 2022, but also throughout 2023. It is a more optimistic outlook for the UK economy than that offered by the Bank of England last week, which predicted a shallower but still protracted recession, as well as a recent gloomy prediction from the IMF, which saw Britain being the only major economy to suffer a contraction this year.

[scepticalinvestor] 08/2/2023 08:16

Are you going to filter yourself then?

[woodhawk] 08/2/2023 08:16

More good news today - UK might escape recession...

hxxps://www.independent.co.uk/news/uk/home-news/uk-recession-gdp-house-prices-mortgage-rates-b2277871.html

[woodhawk] 08/2/2023 08:14

Yes, definitely one for the filter. No time for idiots.

[cumnor] 08/2/2023 08:09

Sceptical is one of those saddos not interested in facts who can't afford proper shares. Another regular ADVFN troll with nothing else in his life-must be frustrating.

[woodhawk] 08/2/2023 08:04

ScepticalInvestor,

There's no cut in divi at all. Get your facts right.