Barratt Developments Share Discussion Threads

[rwlly] 13/1/2016 15:46

To be perfectly honest with you, whoever it is will struggle to correct an economy that relies on a rising property market and mass imigration to provide any growth.

[market sniper3] 13/1/2016 15:00

A new CON party led by say D Davies and bring back Mick Portillio.

[rwlly] 13/1/2016 14:50

Agree but who replaces them?

[market sniper3] 13/1/2016 13:56

Well id agree with you on that point. snap. But dont forget banks are and have been thieves, dont think you can say that about builders in general.

Just this dozy government subsidising new homes and the economy in general via QE.

The sooner they are booted out the better.

[rwlly] 13/1/2016 13:42

Yes market sniper3 There has been more money thrown at builders than banks. Banks are being hounded to pay the money back, builders are giving it away to there shareholders

[market sniper3] 13/1/2016 13:39

Barratt Developments Plc (BDEV) Lifted to Buy at Jefferies Group..........

Barratt Developments Plc 33.5% Potential Upside Indicated by Jefferies International
Posted by: Ruth Bannister 12th January 2016

Barratt Developments Plc with EPIC/TICKER LON:BDEV had its stock rating noted as ‘Upgrades̵7; with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Barratt Developments Plc are listed in the Consumer Goods sector within UK Main Market. Jefferies International have set their target price at 807 GBX on its stock. This is indicating the analyst believes there is a potential upside of 33.5% from today’s opening price of 604.5 GBX. Over the last 30 and 90 trading days the company share price has increased 1 points and decreased 32.5 points respectively.

Barratt Developments Plc LON:BDEV has a 50 day moving average of 601.86 GBX and a 200 Day Moving Average share price is recorded at 614.06 GBX. The 52 week high for the share price is currently at 673.5 GBX while the 52 week low is 411.6 GBX. There are currently 1,000,665,571 shares in issue with the average daily volume traded being 2,050,480. Market capitalisation for LON:BDEV is £6,154,093,262 GBP.

Barratt Developments Plc is a United Kingdom-based holding company. The Company’s business is acquiring land, obtaining planning consents and building the homes. The Company’s three main brands include Barratt Homes, David Wilson Homes and Barratt London. Barratt London is the residential developer in the capital.

[market sniper3] 13/1/2016 13:33

"Also, the group expects to deliver future cash returns of £667 million over two years to November 2017".

[rwlly] 13/1/2016 13:26

It will all end in tears at some stage, you can not base an economy on rising property prices and ever rising dept, especialy with low inflation.

[sogoesit] 13/1/2016 10:42

Yes, judging by interest rates, the economy is generally ill.
Thus transfer of wealth will continue. Housing demand exceeds supply in one of the only growing economies in the world.
And hard to see the doctor getting off the addiction of prescribing these ZIRP drugs any time soon.

[redartbmud] 13/1/2016 10:31

Had we listened to the 'experts', we might have sold out some time ago, based on the fact that interest rates would rise. That can is still likely to be kicked down the road for some time yet.
Happy to hold.

[market sniper3] 13/1/2016 09:41

Guardian StockBrokers.........

Barratt Developments Plc (BDEV.L) Announced, in its trading statement for the six months ended 31 December 2015, that the group delivered a strong first half performance, with year on year improvements across key financial metrics. Average net private reservations per week increased to 246 (2014: 218) for the period. Total completions (including JVs) increased by 9.4% in the period to 7,626 units (2014: 6,971 units). Further, the company announced that total forward sales (including JVs) as at 31 December 2015 were up 20.0% on the prior year. Net cash as at 31 December 2015 was approximately £24 million (31 December 2014: £134.2 million net debt). On the outlook front, the board remains confident in its outlook for the full year and continues to target minimum gross margin of 20% and minimum ROCE of 25% by FY17. Also, the group expects to deliver future cash returns of £667 million over two years to November 2017.

[taffee] 12/1/2016 07:31

RBS cries sell everything!

[taffee] 11/1/2016 05:50

Thanks for the heads up!...now there are two of us

[1gw] 10/1/2016 16:05

Are you writing for the Telegraph now taffee?

[taffee] 08/1/2016 07:21

Looks like we are going in to the next slump with £1.6 trillion of debt near £100 billion deficit near zero rates and banks who have been falling over themselves to lend into the biggest property bubble in history(bar Japan).

What could go wrong?...perhaps they will introduce help to buy 60% deposit including buy to let?...lol

[rwlly] 07/1/2016 16:42

Osborne has no idea.

[ukgeorge] 07/1/2016 15:49

I've gone short these today only a small amount. 5o mda crossed through 200mda and macd gone negative.

Osborne revising forecasts down.

[taffee] 04/1/2016 08:42

The government is to "directly commission" the building of up to 13,000 new affordable homes on public land, David Cameron is set to announce.
The "radical" announcement will see the government take responsibility for developments, help small firms and speed up house building, the PM said.
The government was "rolling its sleeves up" and "getting homes built", he said.
But shadow housing minister John Healey said the PM was "laying on the rhetoric to hide his failure on new homes".

[market sniper3] 14/12/2015 13:15

BDEV Barratts

UK housebuilders boosted by upbeat BoA ML note
Mon 14 December 2015 10:59

Bank of America Merrill Lynch upgraded its stance on Barratt Developments to 'neutral' from 'underperform' as it took a look at UK housebuilders.

The bank said it remained supportive of the sector and reiterated buy-rated Persimmon, Taylor Wimpey and Bellway as its top picks.

"We believe that housing supply will fail to keep up with long-term demand and that this is likely to result in modest house price inflation that in turn will more than offset cost pressures, allowing margins to expand albeit modestly.

"With wages growing and interest rates benign, affordability is sufficient to maintain growth."

As far as Barratt is concerned, it said market perception has improved over the last few years, which is likely to continue despite the recent change of management.

Operationally, Barratt is performing well, particularly in the land market where anticipated returns on new developments have resulted in increased internal hurdle rates which bodes well for the direction of future revenues and earnings.

"The three-year dividend plan sets out robust intentions and implies that the stock yields an attractive 5.6% in calendar 2016E," said ML.

However, it added that the stock trades on a full price-to-earnings ratio currently and has one of the shortest land banks in the sector, which offsets the positives, hence the 'neutral' rating.

It lifted its price target on the stock to 655p from 600p.

Merrill downgraded its target price on 'neutral' rated Bovis Homes to 1,000p from 1,190p to reflect the cost issues highlighted in the company's second half trading update.

It said Bovis was suffering from a combination of planning delays on new high margin sites and higher-than-expected labour costs.

[market sniper1] 07/12/2015 09:39

Barratt Developments Plc (BDEV) Receives “Buy” Rating from Deutsche Bank
December 7th, 2015 • 0 comments • Filed Under • by ABMN Staff

Barratt Developments Plc logoBarratt Developments Plc (LON:BDEV)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued on Monday, AnalystRatings.NET reports.

[market sniper1] 07/12/2015 07:45

Barratt Developments PLC BDEV Deutsche Bank Buy 613.50 613.50 - - Reiterates

[market sniper1] 30/11/2015 08:48

The Scotsman

Barratt gives economy £250 million boost, says study: Housebuilder Barratt Developments’ Scottish operations have contributed more than £250 million to the economy during the past year and supported some 550 subcontractor companies and 650 supplier businesses, according to a new study.