Barratt Developments Share Discussion Threads

[netcurtains] 12/7/2024 09:07

I'm thinking with the new Labour plans for massive house building program we should see this back to 2021 highs of 800 to 900...

If the boom works as hoped then might get back to pre-2008 levels of 1200....

But anyway you look at it, one would expect good growth from builders for the next four years....

Labours Plans:

"A Rising tide raises all boats"...

[master rsi] 11/7/2024 14:20

The news of 0.4% growth has welcomed the share price earlier reaching 489.60p.....

"UK economy grew faster than expected in May by 0.4%. Construction grew at the fastest rate in almost a year in May, with house building and infrastructure projects boosting the industry, the Office for National Statistics (ONS) said., external "

[master rsi] 10/7/2024 23:22

This morning's mark-down was overdone on reaching a retracement of over 78.6%

[bigbertie1] 10/7/2024 16:20

The trading report is surprisingly bad. I thought provisions for legacy problems would have been worked out some time ago, but they have added an extra £130m in the second
half. And the fall in average no of sites predicted for FY24/25 is depressing! Will Redrow have any more bad news?

[tornado12] 10/7/2024 08:03

I have to agree is looking still a very weak market for BDEV. My hope is the future push by Labour and consolidation with Redrow, will create the catalyst of change for 2025/2026: I am bullish on the medium term and prepared to add if share price drops something silly < 400p. Is not a big holding in my portfolio, as I purchased for share price growth when sub 400p.. GLA

[dragonfoot] 10/7/2024 07:48

Grim set of results. Sales down almost 20% from last year. Actual profit looks like it could be practically wiped out by the legacy charges of £192m. Profit for the half yr was £95m and it looks that might have even gone down for the second half.

I'm a bit surprised to see the drop in selling prices:

The total average selling price ('ASP') for the year was c. £307k (FY23: £319.6k), with the private ASP reducing by 6.4% at c. £344k (FY23: £367.6k) and, excluding PRS and RP completions, reduced by 4.9% to c. £355k (FY23: £373.2k). The affordable ASP was c. £165k (FY23: £167.2k).

That's not chiming with the news from the retail property site like zoopla and the building societies who've been telling us that prices are slightly up.

Barratt are also forecasting further falls in volume for this coming year. All in all, not great.

[salver2] 03/7/2024 17:13

Thank you for your insight Cupra fits in with my thoughts somewhat

[cupra kid] 03/7/2024 15:41

I would say BDEV have been one of the more busier developers, compared to some I visit. Like always it's very much a postcode lottery whereas some areas are very buoyant and some have slowed down considerably. If they come in close to their forecasts I would see it as a win/win situation. They can't be that hard up to fork out £2.5b for RDW which is predominately for land bank.

[salver2] 03/7/2024 15:02

What’s the general view of Buisiness Cupra?

[cupra kid] 03/7/2024 08:29

I visit several Barratt sites on a daily basis and through site management and contracts managers, the general consensus is by the end of the year or latest first quarter of 2025.

[trevor1234] 02/7/2024 18:19

When is the takeover of Redrow supposed to finalise

[spakko] 27/6/2024 18:52

Shorts increasing on this share. Housebuilders all reporting lower revenue and profits. Anyone got any insight on Barratt's upcoming report due next month?

[porsche1945] 13/6/2024 12:21

Same price they were in 2014, with inflation even with dividends these have still vaporised capital, no wonder U.K. shares are know as ‘ the bug zapper trade “.

[action] 05/5/2024 09:23

UK ,USA ECB all said next move in Int rates will be down. Barratt development should race to 500p+Soon.

[narutodono] 10/4/2024 13:58

US inflation data.....

[narutodono] 10/4/2024 13:55

Any know of what caused the drop today at 1330?

[vatteton] 15/3/2024 09:37

The Competition and Markets Authority has opened an investigation into the £2.5bn acquisition of Redrow by rival Barratt.

The deal was announced last month to create a mega house builder turning over £7.45bn and delivering over 22,600 homes a year, based on past performance.

CMA watchdogs are investigating if the move “may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.”

It added: “The CMA is issuing this preliminary ‘invitation to comment’ to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. This invitation to comment is the first part of the CMA’s information-gathering process, in advance of the CMA’s formal investigation starting.”

Subcontractors and suppliers with any observations on the merger can email the CMA by April 2 here [e-mail]

[action] 07/3/2024 18:34

House prices are up

[action] 26/2/2024 10:20

Is budget will boost property market. Rumours that only 1% deposit to buy property

[lafiamma] 14/2/2024 08:00

narutodono,

I don't see the deal itself adding particular upside to the share price and I think it was right to sell off on the news. The trading statement wasn't great either, but I'm seeing a reasonable range for the share price to be between 450-600p over the next 6 months or so and hence buying near bottom of this range

[action] 13/2/2024 20:45

According TO HL deal is good for BDVEL

[narutodono] 13/2/2024 15:32

I'm guessing buying back in now, you see an upside to this deal/price. I think the government will introduce a new Help to Buy scheme prior to the election.

[lafiamma] 13/2/2024 14:26

Not that most will care (but for anyone that does...) I'm back in at 470p

"lafiamma 18 Dec '23 - 11:57

I've decided 565p is good enough for me for now. Good luck all, probably see you again if they dip back below a fiver"

[kreature] 09/2/2024 07:49

Hmmmm, um they must have a lot to pay for? Was it such a great idea to take on RDW?