Barratt Developments Share Discussion Threads

[salver2] 12/1/2017 07:44

Pathetic taffee - profits were xpectedto decline slightly- but are in fact 7 percent up - near 8 percent yield Le less than 10 price to book1.2 - you spout the same old rubbish without really thinking don't you !

[salver2] 12/1/2017 07:43

Pathetic taffee - profits were xpectedto decline slightly- but are in fact 7 percent up - near 8 percent yield Le less than 10 price to book1.2 - you spout the same old rubbish without really thinking don't you !

[taffee] 12/1/2017 07:39

London looks like a nightmare and is a modest increase in unit volume good enough?..... For full year?

[skinny] 12/1/2017 07:06

Good reservation trends leave the Group well on track for the full year

Barratt Developments PLC (the 'Group') is issuing a trading update in respect of the six months ended 31 December 2016 (the 'period') ahead of publication of its interim results on 22 February 2017. All comparatives are to the prior year equivalent six month period (the 'comparable period') ended 31 December 2015 ('2015') unless otherwise stated.



Highlights

· Overall market conditions are healthy with strong demand in the period for new homes

· Sales rate of 0.68 (2015: 0.66) net private reservations per active outlet per week(1)

· Completions outside of London are at the highest level for nine years, offset by lower completions in London primarily reflecting the planned HY1/HY2 build programme on wholly owned sites, resulting in total completions for the period (including joint ventures ('JVs')) of 7,180 (2015: 7,626)

· Profit before tax for the period is expected to be around £315m, c.7% higher than the comparable period (2015: £295.0m)

· Strong half year end net cash(2) position, at around £195m, an increase of £170.8m on 31 December 2015 (£24.2m)

· Total forward sales (including JVs) are up 15.8% against a strong prior year comparative at £2,336.6m (2015: £2,017.8m), with wholly owned forward sales up by 35.2% to £2,167.5m (2015: £1,603.0m)

[robbiereliable] 11/1/2017 16:17

Not worried about today's dip, was to be expected due to the rapid climb. Was starting to lose the confidence in my own calculations, but now delighted that I picked these up in the dip and confident that they are still cheap on the old Billionaire Buyout Ratio.

[lauders] 11/1/2017 13:30

Thanks for mentioning that melody9999. Here is a link:

[carer] 11/1/2017 13:13

Deuche bank tipped the company after building up a significant share holding, expect some killing soon after good recent run.

[taffee] 11/1/2017 11:11

now could be the worst time to buy shares

[melody9999] 11/1/2017 00:06

tipped in what investment by Simon McGarry, senior equity analyst at Canaccord Genuity Wealth Management,

[sawadee3] 10/1/2017 08:27

'bout time we put £5 firmly in the rear view mirror chaps :-)

I'm assured the the house building market is healthy, with not enough tradesmen to fill all the jobs!

[the_equaliser] 04/1/2017 16:44

16:35:14 483.9000 805,100 UT 483.7000 483.9000
Theres is your rise
;)

[the_equaliser] 04/1/2017 14:59

Yes, BN give it a nice rise,
Back of tomorrows PSN results
TW. / RDW aswel

[debdale] 04/1/2017 14:38

Good rise today on the back of an excellent upgrade by Deutsche.
Buy recommendation @ 479p with a target of 605p.

[salver2] 15/12/2016 22:45

Yes taffy the market irrationally sold the share down to 330 and now it stands at462 plus a 25 p dividend - so it's gone up 50 percent because there are enough buffoons to enrich the rest of us !!

[robbiereliable] 14/12/2016 13:17

The charts are interesting, and I reckoned the highest it would ever have climbed back to was 525. This share is not performing as well as competitors although I am still holding long term for dividends. The sharp dip was a black swan, ie brexit vote and should be ignored.

[taffee] 14/12/2016 07:01

Try to argue the point not the person name calling is silly and pointless

Reality is that bdev has been trending down for at least 12 months and and at one point down 50% for the year

Ignore what the market is is telling you at your peril

[salver2] 14/12/2016 00:08

Looks more like a test of 470 what a buffoon you are taffy

[lauders] 11/12/2016 01:16

The_Equaliser - taffee has been a bear for ages and missed out on decent returns as a result. Agree that BDEV has not been the best performer over 2016 but since I have held I have had a couple of capital returns and some other dividends so I am up rather than down. The housing sector may be in for tougher times in 2017 but some believe the opposite. WHo knows for sure? BDEV in Scotland seem OK:

Barratt Scotland regional director, Douglas McLeod, said the year had been and “extremely busy one” for the company in the north.

On the other hand here are some words of caution:

In my view, Berkeley and the rest of the housing market faces a difficult period. Market uncertainty is high and could increase as Brexit negotiations kick-off in 2017. Therefore, I believe that the property sector could be in for a volatile period.

Then there is news like this that I was unaware of until just searching for BDEV related matters just now:

Supermarket follows lead of Sainsbury’s and Tesco by unlocking cash through deal with Barratt Homes

Interesting to see supermarkets thinking about housing projects around their stores. Quite logical to have your customers on your doorstep to supply regular income really.

I know which of the above taffee will like LOL!

PS. Worth listening to the last conference call -

Hardly downbeat re: answers to the analysts questions!

[taffee] 10/12/2016 08:47

Death knell for buy-to-let? Government 'war on landlords' has seen sales collapse by 64% in the last year, says top estate agent

By Sarah Davidson For Thisismoney.co.uk
17:51, 09 Dec 2016, updated 18:10, 09 Dec 2016

One of London's leading estate agents has sounded the death knell for buy-to-let after revealing sales to landlords have collapsed in the past year.

Figures from haart, one of London's best known estate agents with branches across England and Wales, show landlord property purchases have plummeted 64 per cent over the past 12 months - and its boss claims this is a direct result of a government-led crackdown on buy-to-let.

It follows various tax and mortgage lending changes that have hit small-scale private landlords, including a 3 per cent stamp duty surcharge on buy-to-let purchases introduced in April this year and the removal of certain tax reliefs from April 2017.

[the_equaliser] 29/11/2016 10:24

Taffee

Hope you did not short based on charts
Charting is ok as long as the fundamentals of house builders sector does not change
;o)

[salver2] 28/11/2016 16:43

You will be right one day - if I live that long !!

[taffee] 28/11/2016 10:12

Looks like a test of 435/440 is on the cards then 400
The high yield is a warning sign

[robbiereliable] 25/11/2016 16:24

Do we believe these are the Directors re-investing their dividend pay outs?

[squintyflinty] 25/11/2016 13:16

Dividend yield 6.57% .Directors buying at these levels which seems to indicate that the shares are a buy!

[squintyflinty] 25/11/2016 12:02

Dividend yield 6.57% .Directors buying at these levels which seems to indicate that the shares are a buy!