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Share Name Share Symbol Market Type Share ISIN Share Description
Barratt Developments Plc LSE:BDEV London Ordinary Share GB0000811801 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.90 0.85% 463.70 462.40 462.60 465.70 457.00 457.90 9,227,099 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 4,811.7 812.2 64.5 7.2 4,742

Barratt Developments Share Discussion Threads

Showing 23226 to 23248 of 23275 messages
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DateSubjectAuthorDiscuss
10/11/2022
15:30
Think my call at 325p can officially now be called the correct one! Up 25pc since.

A fall of about 60 percent had clearly more than factored in a 15pc drop next year and even any further falls beyond. Yield had reached 10pc, and buyback was underpinning share price - even if shares now drop 15pc from here, would still be about 350p.

Also I've noticed aggressive afternoon buying often recently, so I think might be US interest.

Not saying they're totally out of the woods, but I'll happily maintain 325p people wouldn't miss a second time, and you know what they say, Let the trend be your friend, and, for now, it's a new uptrend.

Oh and I can thoroughly recommend sweet chilli sauce with hats -I've had to eat a few in the past, Credit Crunchies! ;)

microscope
03/11/2022
10:23
I know why me being daft I already had a pending order
creditcrunchies
03/11/2022
08:41
You can't get quotes to sell this never seen that before
creditcrunchies
02/11/2022
20:50
Fed increases interest rates by 0.75% today.

BoE meeting tomorrow.

This is 2 weeks before the Chancellor's Autumn Statement so they don't know what impact the Statement will have.

House price falls so far forecast by banks/property experts:

Watch the demand fall and the supply increase.

These are for next year:
Lloyds house prices to fall 8%, worst case 18%
Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Natwest house price falls 7%

Nationwide house price crash 10-15%

sikhthetech
01/11/2022
11:07
If this goes over 400 I'm gonna need another hat
creditcrunchies
30/10/2022
16:38
credit
"Well house prices went up a ridiculous 25% more than they were pre COVID in 2019."

That's the point. House prices benefited from covid and govn support.

That support which included a ban on repossessions and courts were suspended ended a year ago, Sept 2021.

A 10-15% fall for NEXT YEAR is significant enough so why would potential homebuyers rush to buy, leading to millions of pounds of lost revenue, cash for HBs?

Leading to reduced demand and increased supply.
The falls snowball into a housing slump which can last years.

Best to trade hyped sectors.


Over next 3 weeks: The BoE meeting this week, HBs updates and Chancellors Autumn statement will provide some direction as to which direction the housing market is heading.
Will govn provide support for housing market?

sikhthetech
28/10/2022
09:16
Well house prices went up a ridiculous 25% more than they were pre COVID in 2019. We laff at the prices around here they're at wtf levels. So 8-18% drop is still a gain as far as I can see
creditcrunchies
27/10/2022
18:44
There you go...more and more experts predicting house price falls...

Capital Economics house prices to crash 12%
Credit Suisse house prices to crash 15%
Lloyds house prices to fall 8%



Banks now predicting house price falls. No wonder they withdrawing credit.

Lloyds forecasts house prices to fall 8% next year - worst case 18%.

Banking giant Lloyds forecasts that house prices may fall by 8% next year - but says they could tumble nearly 18% in a 'severe' scenario
Bank's report includes predications on house prices in 2023
Even the bank's best case scenario sees prices falling by 2.7% next year

Capital Economics has forecast a 12% fall while Credit Suisse predicts 15%


https://www.thisismoney.co.uk/money/mortgageshome/article-11361087/Lloyds-base-economic-prediction-sees-house-prices-fall-8-2023-17-severe-scenario.html

sikhthetech
27/10/2022
18:33
lafiamma,

"heading back below 3%"


HEADING..

If you tell potential customers mortgage rates are heading lower then they will hold off until they do so, resulting in HBs will losing millions of pounds in lost revenues, cash etc.

It's like anything whether it be share prices or any asset, if clients believe it's going lower then why take out the product now.

Therefore, lower demand.

More and more media are reporting housing market falling. If you tell would be sellers their asset is going lower then they look at selling sooner. There are millions of 2nd properties. You only need a tiny number to start the ball rolling and it snowballs.

Therefore, higher supply.


People who put off buying a house don't put off living. Even with cost of living crisis, people still go on holiday for the sake of their kids and their own wellbeing.

sikhthetech
27/10/2022
13:45
Micro,

I wouldn't invest in cryto. I did trade ad tech last year whilst I continued to post it was hyped/bubble. I do the same with others I believe are hyped.

Markets look forward. Currently travel has not returned to pre-covid levels and I think over the coming months more will book hols/breaks to get away from problems at home.

With HBs, the current HBs share price is more to do with the general market and bounce factor with the new PM than housing market specific, as I stated in my post from Feb.


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

sikhthetech
27/10/2022
13:26
Not sure I'd call the housing sector hyped, Sikh, certainly not when compared with some of the crypto rubbish, (ARB could be going bust without 'near term' funding), technology and mining for example.

Yes I had a look at easyJet, but when I saw them reducing their winter breaks flights many months after releasing those for sale, it made me cautious, though the company has done well in share price terms recently, similar to here infact.

As to whether most will take a holiday next year, will depend on similar factors to other sectors and as I've said, the outlook for household bills is better than it looked a month ago, so that's encouraging, as it is for BDEV of course.

I'm not primarily a trader, never have been, but when the opportunity presents itself, I'm always open to it for a small part of my portfolio.

microscope
27/10/2022
10:33
Micro,

I agree with you in terms of trading HBs. It's easy to trade any hyped sector.
Look at the charts in the header of the HBs. They are rise and fall in sync so there isn't much difference if you trade one or the other.


If you're trading, have a look at EZJ. They are already up 20% since I bought. People will still continue going to holiday, trips etc, recession or not, cost of living crisis or not. They go for cheaper, no frills, flights. I'm expecting EZJ to continue rising towards 600p.


"The help to buy system was something of a flop anyway though."

I don't agree. HBs made millions from the H2B scheme.
The company themselves stated that for fy2020 & fy2021, around 45-50% of BDEV's private reservations were using H2B. That is significantly down.. current period was 12%.
So with around 1/2 their private reservations using H2B, how was it a flop?


"we have also seen the expected reduction in Help to Buy activity, which accounted for 12% of private reservations in the period (FY22: 21%; FY21: 51%; FY20: 45%). "
https://uk.advfn.com/stock-market/london/barratt-developments-BDEV/share-news/Barratt-Developments-PLC-Barratt-Developments-PLC/89272268


It's the supply of credit which will decide the housing market. Banks are already reducing the supply.

I agree re Autumn statement and as previously mentioned, whether the govn provide further support to the housing market will be a key factor.

sikhthetech
26/10/2022
20:06
I understand where you are coming from, Sikh. The economy still faces threats. The help to buy system was something of a flop anyway though.

But with energy supplies now guaranteed through the winter, gas prices falling, (an extremely warm autumn in much of Europe), and steadier hands on the UK economy than the madness of Truss, we could well be wondering crisis what crisis before long.

That all means urgency for further major interest rate rises is receding. A rise this month if it happens could be the last for some time.

The autumn statement will be designed to help markets too, so I think there are compelling reasons why a crash is increasingly unlikely.

TW. is a mess, I agree with you, and doesn't have the balance sheet available here.

The crash has pretty much already happened in this stock, not as though it's just starting, and as always in the stock market, fundamentals will win out over time, and this company will do far better than TW imho.

All that said I'm not proud, and if I get the chance for 20 percent in a matter of weeks, I'm inclined to accept it (and I will have made a good call at 325p). There will still be bumps in the road, but I'll stand by my call that 325p will be a good entry point for patient investors, if it does come again.

microscope
26/10/2022
19:21
The next 3 weeks or so will be interesting to see the current direction.

31st Oct - Help to Buy ends to new applications. The rush to apply will skew any data.

3rd Nov - BoE interest rate meeting.

17th Nov - Chancellor's Autumn statement.

Also in Nov HBs give updates.

sikhthetech
26/10/2022
19:18
Micro
"It might be if we get a market crash it goes even lower, but I predict anything of that sort would be short lived"

Market crashes don't tend to be short lived. It usually takes years before house prices recover.

During GFC in 2007-09 the share price fell around 80-90%.



"People talking of a 40 percent housing crash. This stock was already 60 percent off, yield was 11 percent and a buyback underway."

Buy backs don't stop a housing market crash nor stops the share price from falling. Taylor Wimpey had a buy back yet the share price continued to fall further.

sikhthetech
26/10/2022
16:52
When people look back in years to come, suspect 325p will be one of those 'Why didn't I buy a load more' moments.People talking of a 40 percent housing crash. This stock was already 60 percent off, yield was 11 percent and a buyback underway.Sure the shorters were right from 950p, and I agreed fully with that, but there comes a point with every stock that a short (or a buy) outstays its welcome.It might be if we get a market crash it goes even lower, but I predict anything of that sort would be short lived, and a gift for buyers, and getting a second chance a bonus.But 325p was an obvious overshoot to the downside at this stage, and anyone hoping for that second go best not hold their breath imho!
microscope
26/10/2022
06:53
* Barratt BDEV.L : JP Morgan cuts target price to 490p from 530p
cwa1
25/10/2022
19:21
Yes true I might actually have to find one I can eat ?
creditcrunchies
25/10/2022
13:47
Crunchy, maybe you should be checking out your favourite hat recipes.... If this holds above 360p, there's not a whole lot of resistance between here and 400p.... ;)
microscope
22/10/2022
13:30
Raising interest rates into a recession to control double digit inflation, an almost unheard of scenario, it’s a worse situation than 08, 7/8 year normal housing cycle will see these sub a quid before this reverses and years to recover. Have to laugh at Deutsche, I remember them cutting Ferrexpo from 5.50 to 3.20, six months later the shares were .18p. Hysterical how behind the curve they all are. Always droning on about supply, supply doesn’t mean shxt if you can’t afford a mortgage over 5pc. Just short anything that has a U.K. facing business.
porsche1945
20/10/2022
15:00
As some like to see broker targets.
Deutsche Bank nearly halves BDEV tp from 835p to 462p....

I've said before brokers are like sheep and follow and not lead.



Deutsche Bank cuts Barratt Developments price target to 462 (835) pence - 'buy'

https://www.morningstar.co.uk/uk/news/AN_1666254919915020200/london-broker-ratings-db-cuts-most-housebuilders-but-raises-bellway.aspx

sikhthetech
17/10/2022
16:00
I'll eat my hat if these go over 400
creditcrunchies
13/10/2022
12:25
All of a sudden it's panic buying lol
creditcrunchies
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