nice starting point..

Broken the 140 barrier atlast,lets hope it goes north.

About the only stock you can trade atm by going long is TW. and BDEV.

Missed Barretts first thing through lack of courage but got it at 137p on the fall and just got out for a nice little earner. To say these markets are tough though is an understatement!

Results next week could be interesting.

They won't be pretty reading but the market has already discounted that. It's interesting that with the falls of recent days, the builders aren't been shorted apart for a brief period early morning. They look to me as though they have bottomed and are certainly trying to go up.

Had hoped for a more positive reaction to the results.

RDW has done well after results yesterday.

Tomorrows another day.

Cheers
Amar

Took the risk and went long on BDEV and TW. yesterday mid-day.

Thankfully Selftrade is working atm so sold into the rally. Nice something has gone right for a change!

140 PDQ!

Got in again yesterday and couldn't sell cause of Selftrades problems.

Just sold out on the rise to 133p. Only made 25 but no way in these mkts am I staying in.

Anyway, better than a slap in the face with a wet kipper.

not bad! 100 in 5 mins. Ate a pot noodle, came back to the screen and BDEV had collapsed to 124p in auction. Just sold. I love it when it works like that especially when I've missed all the bank rallies thr' lack of trust.

Market cap 176M, sold lands for over 176M during last three weeks. Difficlut to estimate asset value, but it should be around 1750M to 3000M.

BARRATT DEVELOPMENTS PLC

Results for the 6 months ended 31 December 2008







Highlights:




Completions for the half year were ahead of expectations at 6,905 (2007: 9,056), a decrease of 23.8%. Group revenue decreased by 23.7% to 1,261.8m (2007: 1,652.8m).

The average selling price decreased by 9.7% to 160,700 (2007: 178,000), reflecting a significant increase in the level of discounting, particularly in the last quarter, but also changes in site and product mix. On an underlying basis, excluding the effect of product mix changes, average selling prices have decreased by approximately 27% since June 2007.

The operating margin before exceptional costs decreased to 1.3% (2007: 16.6%). Operating profit before exceptional costs was 16.6m (2007: 274.9m). Exceptional costs totalled 512.4m and comprised 494.9m impairment of inventories and restructuring costs of 17.5m (2007: 7.2m).

The Group made a loss before tax and exceptional costs of 80.0m (2007: 201.8m profit), and a loss before tax after exceptional costs of 592.4m (2007: 194.6m profit).

Adjusted basic loss per share before exceptional costs was 15.6 pence (2007: 40.2 pence earnings). Basic loss per share was 123.0 pence (2007: 38.8 pence earnings).

Net debt has reduced by 315.7m since 31 December 2007 and 227.8m since 30 June 2008 to 1,422.8m (2007: 1,738.5m). The Group continues to operate within its banking facilities and debt covenants and has repaid, ahead of schedule, the 200m term loan facility due in April 2009.

Forward sales at 31 December 2008 were 456m (2007: 1,263m) representing 3,529 plots (2007: 7,498 plots). As at 15 February 2009 forward sales had increased to 633m, which taken with completions to date, means that we have secured around 80% of our full year requirement.

For the last 6 weeks we have delivered 0.47 private sales per site per week up 20.5% on the first half of the financial year and visitor levels at 1.99 per site per week are currently up 24.4% on the first half. These sales are being achieved at or above our new pricing levels.

We continue to make good progress in our cost reduction programmes and have identified additional build cost and overhead savings of c.80m per annum which we will realise in the next financial year.

Entered BDEV on this bullish Yank news just out....

http://www.realtor.org/press_room/news_releases/2009/06/phs_up

Good positive post by pro TAer Zak Mir on BDEV....



Zak Mir



Reged: 28/06/07
Posts: 844
Re: Barratt Developments (BDEV)
#447448 - 02/06/09 03:51 PM Edit Reply Quote



Having broken and closed above the April 177p high, it looks as though BDEV should go on to hit a line of resistance from that month at 240p. Only below the 10 day moving average at 165p endangers this scenario.

From across the road apparently from investor inteligence....


Barratt Development did not disappoint. Its share price put on a 17p gain to reassert the uptrend. We anticipate more upside to come.

Overall, our strategy of chasing positive momentum is working now. We watch to add more positions, leveraging up on a rising trend.

Just turned blue. ...nice.

Need a chart in a handy place,
wish I could catch all the movement,
trying hard, need some better indicators

i think it's definitely time to start to look at housebuilders again ...... BDEV are an obvious choice, and RDW may be another ...... WOS may have already bolted too far

somewhat to my surprise, WOS (green) is still the heavy laggard behind BDEV (blue) and RDW (red), though something strange happened in April to WOS ..... they may have split the stock (can't remember now) and the chart above has not compensated

my god, knew cynic was clueless and didn't take long to find out why!! Bullish on housebuilders!! lol, head in sand job.

because????

do you not reckon uk house sales are now starting to recover?
if so, you are categorically wrong.

is it premature to buy into uk housebuilders?
arguably, though probably not by much

are usa house sales starting to recover (relevant for WOS)?
just maybe, and if so, that will assuredly be of great benefit to WOS who have significant exposure there.


listen to what the market says, not kate barnes