nice starting point..

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.

Business Financial Newswire
"House builder Barratt Developments has become a 'shorting' target for institutional fund mangers with Marshall Wace the latest to climb on the bandwagon.

As at 1 October 2009, Marshall Wace had a short position equivalent to 0.3% of the share capital of Barratt."

"GLG Partners has shorted Barratt Developments shares.

As at 1 October 2009 GLG held a short position equivalent of 0.25% of the issued share capital of the UK house builder."

You have to feel for the recent shorters!

More shorting.

Amazing. This yet again raises the old arguement of whether the sp should be down this low (fair valuation) or whether the shorters are forcing the sp down and therefore accentuating the decline (the more that short, the further it goes). Of course the stock has to be lent in the first place, so maybe just market forces at work?
I think I will stay out at present!

Fidelity joins Barratt shorting bandwagon

Barratt Developments share have been shorted by the world's larget fund manager, Fidelity International.

As at 22 October 2009, Fidelity held a short position equivalent to 0.27% of the issued share capital of Barratt Developments

Trafalagar Asset Managers is the latest fund management group to short Barratt Developments shares.

As at 26 October 2009, Traflagar held a short postion in the house builder's shares of 0.555% of the issued share capital.

I am assuming it's part B which the hedge funds see as the reason to short?
"A o Placing of 72,916,666 Placing Shares at 240 pence per Placing Share,
representing a 10.6% discount to the Closing Price of 268.5 pence per
Existing Ordinary Share on 22 September 2009 (being the last practicable
day prior to the publication of this announcement) to raise gross proceeds of
175 million. The Placees will be Qualifying Shareholders for the purposes of
the Rights Issue.
B o 1.3 for 1 Rights Issue of 545,525,090 New Ordinary Shares at 100 pence per
New Ordinary Share, representing a 37.8% discount to the theoretical exrights
price, when calculated by reference to the Placing Price, to raise gross
proceeds of 545.5 million"

that, or the continued lack of mortgage finance availability, lack of improvement in consumer confidence, and likely topping out of the recent housing mini-bounce ?

More shorting.

Interim management Statement.