nice starting point..

sorry guys, but too damn busy ..... economic recovery under way!
i almost just picked RDW out of the hat as one of the housebuilders which had been totally hammered over the last yeasr or so

where's that raddled tart KB? ...... amazing how quiet some vitriolic and noisy people get when they are shown to be wrong

FT Comment
Bovis has joined Berkeley and Bellway in a select club: UK housebuilders with net cash. That is a good position to be in at a time when the opportunities for buying builders key material land are reckoned to be the best in a generation. Bovis is hobbled compared with the other two by the fact that its cash flow-based banking covenants restrict its ability to spend big, but renegotiation of these will start in the next few months. There are cheaper picks for investors among the housebuilders now Taylor Wimpey and Barratt Developments are priced at less than half the value of their net assets but in normal times housebuilders will sit at twice net asset value. Bovis is still only at 1.02.

All the housebuilders coming back strong today.

see post 26 for chart - shall sleep on it, but think i may well be back in for a slice in the morning

Barratts in rights issue.

these are gonna fly BUY BUY and BUY

WHEN, WHEN, WHENNNNNNNNNNNN!

Taylor Wimpy is turning ,,bit of a bear squeeze .

see i told you so....

these will fly BUY BUY and BUY

why's that ?

the company seems to think this is a good time to issue a load of equity, but the debt levels remain high.... the rerating has been good, but is probably complete.
We're likely in the middle of a minor housing rebound, clearing the buyers who thought they'd missed out last time around. RICS survey is peaking out, the sector normally follows that...

furthermore, at least one downdgrade this morning

Thought I might find you here cyners sniffing for a short.

It does look a trifle overbought.

generally speaking, i think it's a pretty brave man who shorts individual stocks at the moment, for though some consolidation is well overdue (so short FTSE if you like), the upward momentum remains.

furthermore, the housing market is definitely on a recovery track and BDEV in particular does not look to have a huge amount of immediate downside

jesus, have you been taking elocution lessons??? (very unlike you that post above)

Seriously though I reckon were in for a mild correction in general and then a pick up in the last week of october when 3/4tr yank results start churning out.

btw, i see a number of institutions have been shorting here ..... any idea of what the diluted price works out at?

Nope, no interest in this stock at the moment cyners, was just looking for you earlier on to get your take on the market in general.

Dumped it a while back as it was getting too volatile and I keep away from stock volatility.

Market volatility....... brilliant but stock volatility on a changing market........... no thanks.

Business Financial Newswire
"Blackrock Investment Management has gone short of Barratt Development shares.

As of today (24th Sept), Blackrock holds a short position equivalent to 0.58% of Barratt issued share captial.

Yesterday Barratt announced a 175m placing at 240 per share and a 545.5m rights issue at a price of 100p per share.

By mid-afternoon, Barratt shares were trading at 264.8p- dowwn 10.9p on the day."

sp closed @247-248p.