Barratt Developments Share Discussion Threads

[cumnor] 25/9/2022 16:15

Porsche has form in losing money heavily in the markets and so the bitter rants against successful investors. Ignore the poor sod-advfn is his only outlet now.

[eurofox] 25/9/2022 14:04

@porsche1945,
I am so sorry to see that you are so upset that I can earn a comfortable living from interest on cash alone even at today's rates, roll on higher interest rates - I seem to remember you are the one who bought into Aviva at over £5 and sold out in the £2.5-2.6 range, are you now doing the same with your FANG investments?

[porsche1945] 25/9/2022 13:04

@euro thats good then you will be only losing 8 pc of the value of your capital a year to inflation. On a sensible point, Barratt and all the builders are fxcked, 5.5 pc rates en route to salvage decimated sterling, 2 pc over base so 7.5 pc mortgages, oh dear, for credit junkie populous U.K. its curtains, UK heading for 70’s style meltdown. As for dividends, cut then suspended then there will be capital raises, its exactly 2008 scenario for builders. Time to short, will crater for next 18 months. Could literally 4/5 ex your money on the right shorts. Persimmon my best short of the year second only to aston martin. Remember you dont “ invest “ in brexit basket case U.K., you just trade and short it. Dividend stocks the kiss of death, every fxckin time the mug punters get sucked in, think, vod, mks, Bt etc.

[eurofox] 24/9/2022 09:34

..and a tenfold increase in my interest

[sunshine today] 24/9/2022 09:00

The cost of 2 year money has gone from 0.4% to 4%

That’s a TEN FOLD RISE IN YOUR FIXED RATE MORTGAGE !!!!

[blackhorse23] 23/9/2022 19:23

Switched today excellent valu stocks CURY (LSE) dividend yields 8% , debt free , huge liquidity https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[eurofox] 23/9/2022 16:12

I have just taken a position as well with the same thoughts in mind

[tornado12] 23/9/2022 14:26

I think the driver now for HB will be the future direction in interest rates to EOY...... I have an initial position here, but have more funds in case of serious drop in next 6 months. I believe in the medium term performance in UK HB as is key to economy and the government

[creditcrunchies] 23/9/2022 12:00

I've never seen so many FTSE stocks yielding close to 10% like this before that's for sure. Most giving pretty robust forward guidance as well.

[sikhthetech] 23/9/2022 11:38

The fact the govn stopped independent forecasts from being published before the Chancellor's statement, says it all for me.

The UK is heading for trouble, deep trouble.

[sikhthetech] 23/9/2022 11:37

The Stamp Duty relief is hardly going to help when there's an affordability problem.
Stamp Duty is paid once, whereas mortgages/energy etc are paid for every day, throughout the year, every year.

[cwa1] 23/9/2022 11:04

The Company announces that on 23 September 2022 Mike Scott, Chief Financial Officer, purchased 15,744 ordinary shares of 10 pence each in the Company.

and

The Company announces that on 23 September 2022 John Allan, Chairman, purchased 12,000 ordinary shares of 10 pence each in the Company.

[wskill] 23/9/2022 10:52

Good boost to business average price around this level.

[roguetraderuk] 23/9/2022 10:17

this was leaked about a week ago when the builders were up about 5% for no reason. so id say this was already in the price. someone always knows esp when it comes to tory budgets and anything that affects the builders.

[creditcrunchies] 23/9/2022 10:12

Stamp duty won't have much impact it does get added on to your mortgage if you don't have the cash. It basically equates to reducing your mortgage repayments by several months over a 25 yr term. Not much help when the high rates now are a rising bar going higher every month. Killing off energy price inflation is the only way out of this to stop rates rising.

[stemis] 23/9/2022 09:50

The fact the share price has barely reacted to this tells you all you need to know. Cutting stamp duty is p*ssing in the wind in the face of higher mortgage rates, plummeting consumer confidence, falling real wages and cost inflation.

[davethehorse] 23/9/2022 09:05

Stamp duty payment threshold doubled to £250k permanently

[bingaxu] 22/9/2022 15:09

25.7p dividend if you hold their share until 4:30 pm on 28/09/22. That's 6.2%.

[davethehorse] 22/9/2022 08:30

Losing steam again...

[bingaxu] 21/9/2022 09:36

(Sharecast News) - UK housebuilders rallied on Wednesday following a report that Friday's mini-budget could include a plan to cut stamp duty.According to The Times, prime minister Liz Truss will announce the move in the mini-budget in an attempt to drive economic growth. It was understood the PM and chancellor Kwasi Kwarteng have been working on the plans for more than a month.Truss believes that cutting stamp duty will encourage economic growth by allowing more people to move and enabling first-time buyers to get on the property ladder, The Times said.It cited two Whitehall sources as saying that cuts to stamp duty were the "rabbit" in the mini-budget, which the government is billing as a "growth plan".Under the current system, no stamp duty is paid on the first £125,000 of any property purchase. Between £125,001 and £250,000 stamp duty is levied at 2%, £250,001 and £925,000 at 5%, £925,001 and £1.5m at 10% and anything above £1.5m at 12%. For first-time buyers the threshold at which stamp duty is paid is £300,000.During the pandemic, then chancellor Rishi Sunak lifted the stamp duty threshold to £500,000.At 0910 BST, Persimmon shares were up 5.4%, while Taylor Wimpey and Barratt were up 4% and Berkeley was 3.5% firmer. On the FTSE 250, Redrow was 5.6% higher, while Bellway and Crest Nicholson were up 3.6% and 3.4%, respectively.Tom Bill, head of UK residential research at Knight Frank, said: "Nobody can accuse the new government of lacking an economic vision. If its low-tax approach extends to stamp duty, recent history tells us it will trigger higher levels of demand in the housing market at a time when mortgages are getting more expensive, which will support social mobility."Prices could move higher in the short term if supply initially struggles to keep up but more balanced conditions will return provided the cut is immediate and permanent."Neil Wilson, chief market analyst at Markets.com, referred to the potential stamp duty cut as "the old Tory trick of juicing the housing market in its heartlands to boost confidence (wealth effect) whilst doing not a lot for housing supply"."I'm not for concreting over the green belt at all, but there will be questions about the economic soundness of this policy, as there always is. However, with interest rates rising so quickly, an offset to the cost of buying a home would grease the wheels of the market -without higher rates could cause the housing market to seize up."He added: "Clearly a stamp duty cut is good news for housebuilders who can expect higher selling prices as a result."Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, argued that a stamp duty cut could do more harm than good."Buyers are unlikely to be unhappy at the prospect of a tax cut, but if the government chooses to cut Stamp Duty in an effort to stimulate the housing market, there's a risk it could do more harm than good."It's easy to see why the government is concerned about the housing market. We've seen demand fall consistently since May, when rocketing bills, rising house prices and ever-increasing interest rates started to take a toll on buyer enthusiasm. There's a risk that if rate rises accelerate, pressure on buyers could reach a tipping point, where demand dries up."We know from very recent experience that a Stamp Duty holiday can stimulate demand. However, the only reason these holidays work is because people feel they have a small window of opportunity to take advantage, otherwise they'll miss out. The point at which they think they can just wait for the next one, they will start to become less effective."Even if it does stimulate demand, it overlooks the fact that the real brake on the property market is a severe shortage of supply. With an average of 36 properties on each agent's books, we're still close to an all-time low in the availability of property for sale. Driving demand without addressing supply would risk more buyers chasing a tiny number of properties, which would push prices up."By ramping up prices at a time of rising mortgage rates, the end result would be higher monthly mortgage costs, which would be increasingly unaffordable. And the Stamp Duty holiday wouldn't help on this front. This in itself could be enough to put buyers off, and if it deters enough of them, it could end up having the opposite impact to the one that's intended."

[wskill] 21/9/2022 08:42

I thought BDEV had net cash of £1.2 billion or so and adding more from the 336 homes they sell weekly.

[spoole5] 21/9/2022 08:15

Stamp duty cut will be small beer compared to interest rate rises.