Barratt Developments Share Discussion Threads

[sunshine today] 12/10/2022 07:55

Dire TA

Reservations crashed

[wskill] 12/10/2022 07:49

Still a decent buy for long termers I would think ,a PE of 3.5 seems rather good to me but I have been wrong before.

[unastubbs] 12/10/2022 07:44

agree...but in this market and with the remarks about recent trading it has to be down today.

[wskill] 12/10/2022 07:43

On track for £972 m profit for 2023 that will do me nicely well done to management I say.

[sikhthetech] 11/10/2022 14:24

Jugears
"why do you make the assumption that everyone needs help paying there mortgage?"

Yet again, the same point which was answered previously...
I've never said that...Read my posts, they have been consistent... the sector newsflow and HB share price have been as expected...


It's doesn't take millions to be in severe mortgage debt/repossessions for a housing market crash.

Falling asking prices, reduced mortgage approvals, rising interest rates due to inflationary pressures and it snowballs...demand falls and supply increases..





The NI tax increase has been reversed, income tax reduced. The remaining still apply.

sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price

[porsche1945] 11/10/2022 13:39

Why the fxck would anyone buy house builders going into a hardcore recession and rising rates. DUH. See 2008-2012 price chart for where these are going. Iv called it bang on so far and before this is over these sub a quid. SHORT U.K.

[unastubbs] 11/10/2022 12:19

mrf - glad I made you laugh! obviously there's a risk/reward sum to be made, so yes in absolute dollar terms stocks, houses, services are cheaper. sub-saharan africa! now you're making me laugh, though of course it seems alot of your politicians come from there these days! though of course that couldn't possibly be the reason your economy is on the slide. investors taking a long term view and taking the view that the UK economy can recover will clearly be sizing up UK assets in the here and now with a view to reaping rewards over the next decade. You'd do well to copy them.

[jugears] 11/10/2022 12:15

Giill17, it is looking the best of the bunch.

[gill17] 11/10/2022 12:02

I agree with you Jugears, I'm mortgage free on my house and my small BTL mortgage is on a five year fix from last August. I'm so confident in the housebuilders that I sold Dunhelm shares this morning and bought Taylor Wimpey before they go ex dividend.

[ppceh] 10/10/2022 15:41

Clearly if a US investor believes that, mid term, the $ is overvalued and £ undervalued, then it makes perfect sense to buy UK assets, be that houses, commercial buildings and even listed companies.

[stemis] 10/10/2022 14:18

They are neither cheaper nor more expensive in dollar terms than they are in sterling. Yes the share price is lower in dollars if the pound falls but, as UK businesses, everything else on which they are valued is lower in dollars too; profits, cashflow, cash, assets, liabilities.

[my retirement fund] 10/10/2022 12:56

Its laughable suggesting a UK shares is cheap in US Dollars.

Its a bit like travelling to sub-Saharan Africa and saying its cheap to buy a house and so lets all invest there, as it will surely be the next booming nation amongst other peers.

Where an earth do you think you are, the USA ? When will the thick British Brexiteers finally get it and realise they are not the United state of Europe, they are not a global superpower, can't build a wall between their closet neighbours (Mexico), do not have one of the largest economies on earth, don't have a 350M+ population, barley have any energy reserves to speak of and dont have a global reserve currency.

[unastubbs] 08/10/2022 13:39

article in Barron's today very upbeat on British housebuilders. Priced in USD these must be a total bargain. But if there was a bid for these I doubt I'd get my buy in price from January this year!

[horndean eagle] 05/10/2022 18:54

the 6% 2 year will fall sharply come next week. Just a delayed lag to what happened last week.

[sikhthetech] 05/10/2022 16:36

FtB priced out of the market, which is a serious problem for the housing chain...

Help to Buy which provided a 20%(40% in London) interest free equity loan closes to new applications in 3 weeks.

Energy prices surged from 1st Oct.

around 30k were in severe mortgage debt. With interest rates more than doubling, I expect repossessions to surge.

Unless of course, Liz Truss pays everyone's mortgage or provides billions to keep mortgage rates low, like she did with energy...



My post from Feb, NI was reversed but the other points still stand.

sikhthetech20 Feb '22 - 15:26 - 5884 of 5899 Edit
<...>
When the housing market crashes, no HB is immune from the crash. Likewise, listed HBs are not immune from stockmarket falls or movements.

Govn support, provided during pandemic, has ended. Repossessions which were stopped during pandemic are legal again.
Around 30k homeowners in severe mortgage debt.
Inflationary pressure, interest rate rises, NI rises, Council tax rises, energy price rises all impact affordability.

[whatsthepoint] 05/10/2022 16:21

With two year mortgage rates at 6% he highest for 14 years this is going to devastate the housing market. Prices will have to tumble. Repossessions could escalate dramatically. Not a good environment for house builders.

[gill17] 04/10/2022 10:30

This Government seems hell bent on helping the housebuilders, all we need now are the inflation figures and interest rate projections to fall. And that's a given in my opinion....

[davethehorse] 04/10/2022 09:55

Very true, the media have just talked the markets down...for the gain of the big boys to fill their boots at bargain prices...

[gill17] 03/10/2022 17:42

I just don't understand the mentality of people who short stocks. To go through life searching out the negatives must be very bad for your mental health. I guess that real investors buy and sell shares, not spread bet because they can't actually afford to buy anything. What I can't tolerate is the rudeness to other people, that's just not respectful. But I probably dislike the media and their amateur economics more than short sellers, they at least have an influence because people unfortunately believe them....

[cupra kid] 30/9/2022 16:38

Can't wait for the BBC 6pm news to tell us that house builders have recovered 6% of their recent losses. 7% in the case of Bellway. As we all know they'll be no sniff of anything remotely positive.