nice starting point..

Bought back in earlier today hoping to see some recovery tomorrow.

Not bad start already -

http://www.proactiveinvestors.co.uk/columns/trader-talk/13862/barratt-developments-to-benefit-from-london-exposure-13862.html

Final Results 11-Sep-2013

Final Results

Full year highlights
· Group revenues up by 12.2% for the full year to £2,606.2m (2012: £2,323.4m), with completions (including joint ventures) of 13,663 units (2012: 12,857 units)

· Average selling prices(1) increased to £194,800 (2012: £180,500) with private average selling prices increasing by 6.0% to £213,900 (2012: £201,800)

· Group operating profit before operating exceptional items for the full year up by 32.2% to £252.7m (2012: £191.1m)(2)

· Operating margin(3) increased to 10.4% (2012: 9.5%) in the second half and to 9.7% for the full year, up from 8.2% in the prior full year

· Profit before tax and exceptional items increased by 73.7% to £192.3m (2012: £110.7m)(4)

· Net debt at 30 June 2013 significantly reduced to £25.9m (2012: £167.7m)

Outlook
· Very strong start to the new financial year with a 29.4% increase in average net private reservations per week per active site for the first ten weeks compared with the same period last year

· Private forward sales up 44.4% to £880.4m as at 8 September 2013 (9 September 2012: £609.6m)

· Continue to see good opportunities in the land market that meet our minimum hurdle rates of 20% gross margin and 25% return on capital employed ('ROCE')

· Group has outperformed on its target to reduce indebtedness and going forward expects to maintain an appropriate capital structure

· Focus on driving significant improvement in ROCE with an 18% ROCE target set for FY16

· The Board is proposing a final dividend of 2.5 pence per share payable in November and is adopting a progressive dividend policy with a target of three times dividend cover for FY16

JP Morgan Cazenove Neutral 317.10 317.10 360.00 - Reiterates

Citigroup Neutral 317.10 317.10 315.00 330.00 Reiterates

Deutsche Bank Buy 317.10 317.10 365.00 365.00 Reiterates

Beaufort Securities Hold 317.10 317.10 - - Retains

Liberum Capital Buy 315.00 315.00 358.00 374.00 Upgrades

374 would be very nice

Deutsche Bank Buy 331.20 315.00 365.00 365.00 Reiterates

BDEV just took off and hit my limit sell.

Deutsche seems to like reiterating:
23 Sep: BDEV: Buy - TP: 365p.

Have bought 2000 on drop at 316p. Hoping to make a quick 20p!

JP Morgan Cazenove Overweight 309.40 302.10 360.00 360.00 Upgrades

Bought 2000 at 306

re - Have bought 2000 on drop at 316p. Hoping to make a quick 20p!

one week gone and on the red,
dreaming of quick money can turn into a red dream or a wet one


News the Help to Buy scheme is to enjoy an early launch should give a boost to Builders

yep lovely SP action here.

Im amazed at how all but 1 of my holdings are up today, yesterday evening I was putting together an 'escape plan' .

Must admit though if you had looked at broker recos before the open I haven seen as many for a long time on a monday, all trying to look after their clients stock.

Hi OTT. A drop in the price for a company like BDEV is abuying opportunity. I have a strong belief in the building co's at the moment. There is a supply shortage, government subsidies and an eager demand for first time buyers. I have CRST, BVS and BDEV. Overall I am considerably up on the year. At 306 BDEV is a strong buy for me!

Hi david

Not to worry lont term, as 300p looks into good support.
I am with TW. since last Thursday, as 99p thought it was a good support so bought at 100.10p, just to fall to 97p the day after, but today it seems is bouncing back soon to the price I paid.

You should make money at 100p for TW!