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BARRATT DEVELOPMENTS (BDEV)     

BAYLIS - 11 Aug 2008 12:39

Chart.aspx?Provider=EODIntra&Code=BDEV&SChart.aspx?Provider=EODIntra&Code=BDEV&SChart.aspx?Provider=EODIntra&Code=RMV&SiChart.aspx?Provider=EODIntra&Code=RMV&Si
nice starting point..

cynic - 12 Feb 2010 22:12 - 87 of 430

don't forget BDEV had a rights issue

ptholden - 14 Feb 2010 22:19 - 88 of 430

Photobucket

A few thoughts for what it's worth:

In an uptrend since the low of 30p in Dec 08 (grey dotted line)
In a downtrend since the high of 193p in Nov 09 (red dotted/slash line)
Downtrend accelerating since Jan 14 2010 (red dotted/slash line)
MACD MAs making higher lows during the last 12 months, although still firmly in negative territory.
RSI bumping along 12 mongths lows, albeit in the shallowest of uptrends.
SP currently sitting on long term trendline support.
Horizontal SP support only 5p away.
50MA crossed below 200MA 10 Jan 2010.

So, what does all that lot indicate? If someone held a gun to my head I'd rather be short than long, but to be honest it's a really difficult call and I think there are much easier opportunities (either short or long) than messing around with BDEV.


Chris Carson - 14 Feb 2010 22:53 - 89 of 430

ptholden - So what does all that indicate? Heard of Premium Bonds?

jkd - 14 Feb 2010 22:57 - 90 of 430

pth
i think you have summed it up very well. lets sit back and wait for those easier ones to materialise.they always do, eventually, as i am sure you know.
regards
jkd




ptholden - 14 Feb 2010 23:26 - 91 of 430

CC

I think I was quite clear, from my perspective it's not worth investing in or trading at the moment. You go off and buy your Premium Bonds.

PS If you want investment advice, best you pay for it.

Chris Carson - 14 Feb 2010 23:31 - 92 of 430

ptholden - Ok any other pearls of wisdom you would like to share, that are totally irrelevant and not worth investing in or trading at the moment?

ptholden - 14 Feb 2010 23:38 - 93 of 430

CC - For your information, I was responding to comments made by Hyleo and Cynic re the merits of BDEV, ie, offering an opinion (FWIW) on a public financial BB (which is apparently the main purpose of such a forum).

Now if you don't agree or like what I post, the answers are quite simple; either squelch me or just fuck off, I don't really care which.

When you have something to offer, please let me know, I'll be all ears.

Chris Carson - 15 Feb 2010 01:06 - 94 of 430

ptholden - Charming - Hyleo and Cynic must be feeling really grateful to hear your wonderful opinion (verbal shite) (FWIW) re the merits of BDEV.

ptholden - 15 Feb 2010 06:55 - 95 of 430

CC - Are you for real? You take a critical pop, dripping with sarcasm (I'm not a stranger to such myself) elicit a negative response and then you're surprised?

Good grief, I wonder why I bother.

BTW, if you ever feel you can offer something useful or informative to this BB, don't be shy ;)

Chris Carson - 15 Feb 2010 08:00 - 96 of 430

ptholden - I aplogise mate! Had one on me last night, didn't mean to take it out on you!

ptholden - 15 Feb 2010 08:17 - 97 of 430

CC - Apology accepted, hope you have a better day today.

cynic - 24 Feb 2010 07:23 - 98 of 430

figures look good to me - which means shares will get dumped out of perversity!

Matt7777 - 24 Feb 2010 09:40 - 99 of 430

I agree, numbers look ok - debt sl better than expected, order book and margins up slightly.... nothing new for the many shorters to jump on ?

More housebuilder results coming up, further "constructive" (!) comments confirming the slow turnaround should help.

NAV 210p, so unless more landbank -ve revals etc pretty cheap. Just the double dip to worry about then....

tabasco - 24 Feb 2010 10:06 - 100 of 430

Just browsing at land prices and came across this prime plot of land in Grantham>
.
Size: 0.6 acre
Land Type: Residential Development
Planning Permission: Detailed Planning Permission
Description: This DPP is for 5 town houses over 2.5 floors in a conservation area in the town centre. The price includes an end terrace house with 6 double bedrooms. This is at the main entrance to the site.
Guide Price: 900,000
Now I have no further info about the Development but I would guess you would need to find a total of around 1.7-1.8ml to see the project throughand that is with good Merchants accounts.also a lot of pound notes sitting around from start to marketing and sell .plenty of work with time scales of completion from six months - ?.and marginscould be fu*k all
Now from a thickos point of view900,000 suggests that land is still not at a realistic price Barratts and other large house Builders with far larger projects have not written down their land banks sufficientlyI believe it was around billion BDEV last yearit is no coincidence that Builders Merchants are suffering big timewhich suggest to me a few more years of pain to large developers add to the fact they are continually finding it difficult to bankroll projects on any terms then end up virtually devalued on projected completion estimatesas opposed to the plus 10-20% increases they enjoyed in the past prompting sells at plan stage...I have not read their half year report and sector to swerve I fear!

cynic - 24 Feb 2010 10:35 - 101 of 430

prime plot in Grantham? ..... an oxymoron of the first order!

tabasco - 24 Feb 2010 10:39 - 102 of 430

Ok CynicIm sure you get my meaning.

Balerboy - 24 Feb 2010 11:00 - 103 of 430

you do have a way with words cynic.......

tabasco - 24 Feb 2010 11:04 - 104 of 430

My fault Balershould have found a nice plot in Slough.then he could have left the oxy off.

cynic - 24 Feb 2010 11:08 - 105 of 430

except they would have called it Farnham Common!
i take it you are not enamoured of housebuilders ..... i happen not to concur

tabasco - 24 Feb 2010 11:22 - 106 of 430

Cynicnot at all true.I thank them dearly for building my houseI just believe they were caught out being a little greedyaccumulating large land banksnine times out of tenwith inviting backhandersand buying friends in Councils.they will be back in vogue.
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