Barratt Developments Share Discussion Threads

[tornado12] 06/9/2023 09:06

In current climate I saw them as positive but expect continued share price pressure into 2024. The divi at 23,5p is good news and I expect next months we could see sub 400p for sure. I’m invested for future recovery but don’t see this happening until 2025/6 back to 600p +

[vas007] 06/9/2023 08:39

How are today's results fairing . I have been wanting to start owning the building shares and looking at the right time to enter.

[tornado12] 02/9/2023 11:46

Profits expected to be online with estimate £880,6M … be interesting what they define for final divi payment. I think next year will continue to be tough for HB, but with election just around the corner I fancy that governments will want to do something for house building with another HtoB scheme just around the corner IMO .. GLA

[tornado12] 01/9/2023 08:37

All eyes turn to Wednesday and the results. How good can they be !!??!! GLA

[belluci] 31/8/2023 03:29

I can also see this sitting between £3 and £4 most likely next year as normal interest rates starts to bite more people. Myself included.

[tornado12] 29/8/2023 10:04

Holding my nerve here and not buying until well sub 400p: I expect this will happen at some point in the next 6 months, but happy to hold as long term investment for divi and share price recovery GLA

[pvi1] 11/8/2023 08:06

Charts can't predict the stuff that happens. You might as well roll some chicken bones.

[buoycat] 19/7/2023 10:35

Charts are important because so much of a share price is determined by the herd. By human behaviour rather than fundamentals or common sense. But they are not infallible because stuff happens!

[salver2] 14/7/2023 15:49

For those who stupidly believe in charts it seems to be headed the other way ie up not down!!!

[action] 13/7/2023 16:33

you mean 412p.

[salver2] 13/7/2023 11:29

Please spare us the useless chart drivel!

[sunshine today] 13/7/2023 10:43

“As outlined previously, we experienced a significant deterioration in demand during the second quarter and, whilst the position improved during the third quarter, reservations then slowed more than normal seasonal trends from mid-May to the end of June 2023.”


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So since mid May sales fell off the a cliff.

In July we can take it as read there were no net new sales.

If their were they would have told shareholders

[dodge meister] 13/7/2023 09:06

The gilts in the last couple of days have started to recover. This will start to drop the fixed rate mortgage and positively impact the house builders. Next Wednesday is the big day for UK inflation figures which could drive this in either direction.

[volsung] 13/7/2023 08:45

Chart looks to be heading to low 300s

[18bells] 13/7/2023 08:41

Wake me up when this reaches 150p

[tornado12] 13/7/2023 07:22

I think a positive update considering the market conditions. For 2023 looks like dividend could be maintained. More challenging for 2024 and plenty of cash reserves and revolving credit available. If & when the interest rates start to fall then BDEV is at the front for a re-rating in share price .. GLA

[jugears] 12/7/2023 16:12

Trading update tomorrow.

[davethehorse] 07/7/2023 09:42

Ohh err missus...

[the original goldbug] 06/7/2023 12:42

The balance sheet was heavily indebted in 2008. This time round they have net cash of nearly 1 bn.

At the moment it’s just a sentiment trade opening up a great opportunity for longer term holders.

[porsche1945] 06/7/2023 11:24

Fxckin miracle this is still above 4 quid. I would expect this to revisit the 2008-2012 lows with what’s coming. High rates will decimate demand, as will recession/unemployment. Building costs are high, servicing debt now expensive, margins for builders will evaporate, doesn’t take long for that to happen and the whole thing to become loss making, banks will already be getting twitchy about loans to builders. Watch this space. I’d buy July 2024 in the money PUTS. Should print once U.K. rates hit 6pc plus. Kerching.

[the original goldbug] 05/7/2023 19:22

People misunderstand the cash flow dynamics during house price fall.

House builders buy less land and at lower costs so cash flow actually increases.

That is why the dividend will hold and they will keep buying back shares.

In inflation adjusted real terms house prices have already fallen nearly 10%.

We are much nearer to the end of this than the beginning.

Great money to be made at this juncture.

[lafiamma] 04/7/2023 12:48

Brokers late to the party as usual Sikh, and a clear sign the bottom is in. Just check out that particular analysts track record.

www.tipranks.com/experts/analysts/rajesh-patki

[sikhthetech] 04/7/2023 12:03

There you go, brokers catching up.....

JP Morgan cuts tp to 390p. Also on other HBs.



JPMorgan cuts Persimmon to 'neutral' (overweight) - price target 1,090 (1,600) pence

JPMorgan cuts Taylor Wimpey price target to 94 (130) pence - 'neutral'
JPMorgan cuts Barratt Developments price target to 390 (430) pence - 'neutral'
JPMorgan cuts Berkeley Group price target to 4,400 (4,800) pence - 'overweight'

[tornado12] 30/6/2023 17:32

Some news on BDEV house sale