Barratt Developments Share Discussion Threads

[gill17] 30/9/2022 16:27

I will be very happy with a close above £340, anything else is a bonus.

[creditcrunchies] 30/9/2022 12:24

Hopefully it falls back to 450ish once the talking heads look at the ONS data which points to the market panic as manipulation as we still have positive GDP

[whatsthepoint] 30/9/2022 12:06

The Fall resumes.

[whatsthepoint] 30/9/2022 09:14

Think this is just a dead cat bounce the fall will resume as the true state of the housing crisis will come out over the coming months. The cost of borrowing means buyers can't buy the house they could last month, chains will be breaking all over the country.

[creditcrunchies] 30/9/2022 08:52

Surprisng how financial reports from mainstream media is so useless but they do us favour they get us in cheap. There are quite a few investors that trade the days after ex-div because you usually get a decent bounce when it bottoms out.

[davethehorse] 30/9/2022 08:32

All aboard!!

[gill17] 30/9/2022 08:17

Bounce back today, congratulations to anyone who bought yesterday!

[gswredland] 30/9/2022 07:59

Thanks for the information guys. Didn't realise we went ex divi

[cwa1] 30/9/2022 07:29

Substatntial chunk bought back:-

Trading Venue Number of Shares Volume Weighted Average
Price paid per share
XLON 1,260,000 GBp 325.7442

[888icb] 29/9/2022 22:20

It was the same from the report on Sky headline the 12% with no mention of it going ex-dividend. I don’t think it occurred to her that there might be a reason why Barratt was out of line with the other house builders. There is a lot of shoddy journalism with people who have no proper experience of business being put on the business desk.

[roguetraderuk] 29/9/2022 16:39

whatsthepoint, a month ago nobody considered uk 10 at a yield of 4.5% plus, although poss one should if going back from 1980 and mapping us and uk 10, there hasnt been much diff and with the us 10 at 4 at the time some upside slippage could be allowed for and in fact is well within norms over that time frame, but i digress. in a month (the boe is using oct 14 as a cut off date, one day after us cpi) the mkt may well be fixated on something else and bond yields might be lower across all mkts. i certainly think the us 10 peaked at 4%. it may not drop to 3% overnight but i see it struggling to move higher and may well drift slowly lower into the end of the year. big sharp moves tend to get reversed in a similar manner. fwiw cable now abv 1.10.

[whatsthepoint] 29/9/2022 16:29

There will be no profits for house builders for some time as they have to mothball sites and go and sit on land banks again. Property chains will be collapsing all over the country as we speak. The only option is all to take a big haircut on the sale to complete the chain. Or they just collapse and then those that have to move because they can't afford the over inflated property they purchased recently will be up s... creek without a paddle.

[whatsthepoint] 29/9/2022 16:27

Well they will now but the stress tests at application have not considered this and all the energy and inflation pressures on everything. Many many will be handing the keys back or offering the house at big big discount 20% plus.

[gswredland] 29/9/2022 16:07

RDW holding up much better

[jelenko] 29/9/2022 15:40

I remember during the Lehman Bro. debacle this went from £15 to 15p!! I think we are a long way from that scenario TBH. They have plenty of cash etc. People still need houses. In 1987 I was paying 13% on my mortgage. The recent 1% situation had to break, just those youngsters who took cheap loans will not have had any idea about the possibility of trebling the mortgage.

[cwa1] 29/9/2022 15:32

Taken a handful at 319p. Ulp

[squintyflinty1] 29/9/2022 14:33

Can't see it going to a quid.

[squintyflinty1] 29/9/2022 14:31

Don't buy at the moment, things in the building trade are going to get much worse. Interest rates by middle of next year forecast to be over 6%, which means that people won't be able to afford new mortgages ,which in turn will have a severe impact on companies like Barrat..I can see this one levelling of at £2.50

[cupra kid] 29/9/2022 11:13

Tell that to the thousands on waiting lists Porsche.

[porsche1945] 29/9/2022 10:56

There isn’t a housing shortage if you want one there are houses, people keep repeating that drivel. Housing will come off 30pc like 2008, biblical meltdown, brexit, sterling collapse and tory nightmare, expect these sub a quid.

[whatsthepoint] 29/9/2022 10:31

20-25% I think

[arja] 29/9/2022 10:25

housing prices might come off about 5% or so but not enough houses being built to satisfy demand and it is all about supply and demand .

[gill17] 29/9/2022 10:05

I think things will stabilize next week once the press stop talking about doom and gloom. If the BOE had raised interest rates again this week, we would be in a worse position. I think the Govt are gambling on energy prices falling which will reduce inflation across the board and mitigate the need to increase interest rates as predicted. As a business owner of 30 years (residential letting and property management), I'm pretty happy right now. Market manipulation of prices is what it is, a manipulation, but I am only invested in strong companies who pay a dividend and have free cash to buy back their own shares.