Barratt Developments Share Discussion Threads

[taffee] 16/11/2016 08:19

Looks a bit flat to me... Statement that is
London prices being reduced could be the start of
Something wider

[armourer] 16/11/2016 08:14

Nice to see you conveniently left out the negative bits. I'm glad I read RNS's properly.

[the_equaliser] 16/11/2016 07:12

Highlights
· Overall market conditions remain healthy, with the Group trading well since the start of the new financial year
· Sales rate of 0.74 (2015: 0.71) net private reservations per active outlet per average week
· Total forward sales (including joint ventures ('JVs')) up by 4.3% to £2,654.3m (2015: £2,544.6m), with wholly owned forward sales up strongly by 19.5% £2,466.1m (2015: £2,062.9m)
· As previously announced the Board has proposed a record dividend payment of £248m payable on 21 November 2016


David Thomas, Chief Executive commented,
"This has been another good trading period for the Group. Consumer demand is strong supported by good mortgage availability.


Trading update
Market conditions remain healthy, with the Group trading positively since the start of the new financial year. In general, consumer demand is robust, driven by an undersupply of homes, good mortgage availability and a supportive Government policy environment including Help to Buy (Equity Loan).

Forward Sales
Total forward sales (including JVs) as at 13 November 2016 were up 4.3% on the prior year at a value of £2,654.3m (15 November 2015: £2,544.6m), equating to 11,733 plots (15 November 2015: 11,133 plots). Wholly owned forward sales were up strongly by 19.5% to £2,466.1m (2015: £2,062.9m).

Outlook
The Group expects to deliver further good progress on operating performance in FY17, with modest growth in wholly owned completions, and is on track to achieve its target of a minimum ROCE(2) of 25%. We remain focused on delivery of 20% gross margin for FY17

[the_equaliser] 15/11/2016 21:50

launders. All we need to see last RNS. I think it be same as all the other house builders. But ofcourse DYOR

[the_equaliser] 15/11/2016 20:37

Dow has gone positive
(spooked investors to sell early :O( )

Possibly good news here with Bdevs excellent update to come ...

[the_equaliser] 15/11/2016 10:01

E-mail

U.K. inflation unexpectedly slowed in October, driven down by the price of clothing and university tuition fees.

Consumer-price growth was 0.9 percent compared with 1 percent in September, the Office for National Statistics said on Tuesday. The rate was forecast by economists to accelerate to 1.1 percent. Prices rose 0.1 percent on the month, the same as a year earlier.

[the_equaliser] 15/11/2016 09:35

Early signs, Dow futures up again

[the_equaliser] 15/11/2016 08:12

The trend i see is

Fellow house builders rise about 2.5 - 3.5%
House builder with update on the day 4-5%

Based on past updates

(only if no bad news on the markets lols)

[the_equaliser] 15/11/2016 07:10

Yet again from fellow builder,
Only Bdev left to get full house tomorroww

Overview

?? has continued to grow housing volumes in 2016, with open-market unit completions at 2,292 up 7% and overall housing delivery up by 5%. Open-market average selling prices have increased by 20% to £371k*, in line with our well established strategy to re-position the business by 2016 at broadly this level.

As a consequence, we anticipate reported revenues for the year to be approximately £1billion, in line with our stated target and a landmark achievement for the business

[the_equaliser] 14/11/2016 13:29

Better then expected
10:00 EUR Industrial Production (MoM) (Sep) -0.8% -1.0% 1.8%

[the_equaliser] 14/11/2016 09:17

hxxps://www.landlordtoday.co.uk/breaking-news/2016/11/buy-to-let-market-continues-to-thrive

Buy-to-let market ‘continues to thrive’

[the_equaliser] 14/11/2016 09:16

Junes update

Barratt's record profit
StockMarketWire.com
Barratt Developments reports a strong operational and financial performance for the year to the end of June and a positive start to the new financial year.

The group reports a record profit before tax of �682.3m, up 20.7% on the prior year (2015: �565.5m), and its highest ROCE in ten years at 27.1% (2015: 23.9%). It also said it had significantly strengthened its balance sheet, ending the year with net cash of �592.0m.

[the_equaliser] 14/11/2016 09:02

Dow futures looking good

Seems trumps winning has not been bad for the markets as said would be

[the_equaliser] 14/11/2016 08:57

On Bloomberg this morning,

Rightmove say Trump winning is good for Central London property Market

[the_equaliser] 14/11/2016 08:10

Crest Nicholson (CRST) update tomorrow

Same mantra as previous updates from house builders

"Strong"

Rise should continue here to next week at least and beyond

[the_equaliser] 14/11/2016 07:23

Again Another house builder with strong results
07:14 Taylor Wimpey PLC (TW.) confirms strong H2 trading

[the_equaliser] 13/11/2016 11:25

Housing market
UK house price surge defies expectations, says Halifax



Property market perks up as house prices make biggest monthly jump since March

[the_equaliser] 11/11/2016 16:54

16:35:09 472.1000 619,937 UT 472.0000 472.1000 Buy

[the_equaliser] 11/11/2016 09:30

trading updates left

Tw. 14/11
Crst 15/11
Gle 15/11
Bdev 16/11

All rise within near enough same %

Is there a stronger sector then this
DYOR
GL

[the_equaliser] 11/11/2016 09:21

Ok this is from fellow house builders RNS for this year - updates
This is what they say
Note trend

House buider one
Chairman ?? said: "?? has delivered another record year, further increasing the number of new homes sold, which has resulted in a substantial growth in earnings.
"The long term outlook continues to be positive, supported by strong customer demand, a substantial forward order book and favourable trading conditions across all areas of the country where ?? operates. Whilst there is some uncertainty following the result of the EU referendum, trading since that date has remained resilient.

House builder two
"We are now fully sold up for the current year and have "The market has continued to benefit from resilient consumer confidence and strong lender support. The reduction in the bank base rate in August has resulted in more attractive mortgage products further supporting affordability.

House builder three
I am pleased to say that the encouraging sales trend I reported in the September Prelims has continued. . Our private order book is currently ?? a 29% increase on this time last year.
The average selling price of private reservations for the financial year to date is £355,000 (2016: £334,000) including the sale of the last of the high value apartments in Central London. Excluding these apartments, the average selling price was still up at £341,000.
With this robust sales performance and strong balance sheet, I remain confident this will be another year of significant progress for ??.

House builder four
?? expects to deliver record revenues following another year of both growth in volume and increase in average sales price.
The group says that The backdrop for housebuilding in the UK continues to be positive with demand for new homes running ahead of housing supply.
Political support remains in place as evidenced by the improved planning regime and the continuation of the Help to Buy equity loan scheme.
Chief executive ?? said: "Another year of both growth in volume and increase in average sales price is expected to deliver record revenues for the Group in 2016. As a result, we are on track to deliver increased profit and a further improvement in return on capital employed, in line with our expectations.

[the_equaliser] 11/11/2016 09:04

'Dire' housing shortage pushing up prices, says Rics

[the_equaliser] 11/11/2016 08:41

Buy-to-let market ‘continues to thrive’ = new houses

hxxps://www.landlordtoday.co.uk/breaking-news/2016/11/buy-to-let-market-continues-to-thrive

[the_equaliser] 10/11/2016 11:47

Dow futures positive again + 120 -

[the_equaliser] 10/11/2016 09:44

Significant rise in new buy-to-let listings

hxxps://www.landlordtoday.co.uk/breaking-news/2016/11/significant-rise-in-new-buy-to-let-listings

[the_equaliser] 10/11/2016 08:28

Yet another fellow builder with good results
Thats 5 out of 5
4 more in the waiting to announce the same
Next 4 working days

As of sectors i will say housing is still strongest sector as proof in the pudding is the results coming out

;)