nice starting point..

SP moving up positively.

Broker Update.......

10 Dec 2013 Barratt... BDEV Barclays Capital Overweight 342.40 338.50 444.70 444.70 Reiterates

SP TARGET 444.70p

@ 341. gone short

Recent Broker Forecasts, suggest plenty of upside....

Barratt Developments Broker Views

Date Broker Recommendation Price Old target price New target price Notes

10 Dec Barclays Capital Overweight 343.40 444.70 444.70 Reiterates
09 Dec Deutsche Bank Buy 343.40 394.00 394.00 Reiterates
06 Dec Liberum Capital Buy 343.40 - 387.00 Reiterates
06 Dec Jefferies International Buy 343.40 435.00 474.00 Reiterates
02 Dec Citigroup Buy 343.40 345.00 390.00 Upgrades

Based on fundys I reckon these could easily be £5 come next june.

From earlier :- 'Warp speed' risk for UK house prices but hiking rates off radar

(Reuters) - Expectations of future British house price rises have hit a 14-year high just as central bank chief Mark Carney signalled monetary policy would remain exceptionally loose despite the potential for them to jump at 'warp speed'.

Britain is growing faster than many other big rich economies although it has still not passed its pre-crisis peak. There are some concerns, however, that it is a housing-led recovery - and a potential bubble - spurred by government stimulus.

Still got a few months left yet skinny I reckon and traditionaly builders as you will know do well at xmas.

Lets see if they can break resistence, it shall be interesting.

I closed a long here today +29 - good luck if you are still in.

Short closed @331.76 for a profit.

Closed yesterday and a few others. Going back in when the santa rally kicks off.

Further re Strategic Alliance with L&Q

3m
19 Dec 2013 Barratt... BDEV Deutsche Bank Buy 337.20 337.40 394.00 394.00 Reiterates SP TARGET 394p

23 Dec 2013 Barratt... BDEV Deutsche Bank Buy 337.90 337.90 394.00 394.00 Reiterates

SP TARGET 394p

Battle Royal going on here at BDEV....I hold. (long)

Breaking out..........

GF once again you was spot on ;)

Cheers Nar 1.......

10 Jan 2014 Barratt... BDEV Deutsche Bank Buy 372.05 367.80 394.00 394.00 Reiterates


SP Target 394p

Tuesday 14 January

After a quiet Monday, housebuilder Barratt Developments (BDEV) will publish a first-half trading update on Tuesday.

Analysts' expectations: "The pre-close statement, we believe, will reiterate a continued robust trading environment in terms of reservations and price and further progression in margins," comments Deutsche Bank analyst Glynis Johnson.

She forecasts a 12.1% increase in completions and a 5% rise in the average selling price. She has a 'buy' rating on Barratt due to its "strong earnings momentum potential".

Valuation: The stock is trading on a 2014 price/earnings (P/E) multiple of 13.2 times.

Nar1.........thanks for message. For reply you need to enable your direct message system at the side of your name, the yellow envelope needs to be showing like on my account........cheers.