Updates

Barratt Developments

November 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Barratt Developments, a â€œbuyâ€ recommendation from our UK House Builders article in March, have performed extremely well, rising to a new high of 189p. This follows excellent results for the year to 30 June, which showed revenues rising 14% to Â£2.3bn, while pretax profit increased 159% to almost Â£111m, as operating margin soared from 6.6% to 8.2%. Eps jumped from 2.3p to 8.1p, while net debt almost halved to Â£167m. NAV rose from 211p to 213p. Growth came through a combination of an increase in housing completions to 12,637 units (2011: 11,078) and higher average selling prices of Â£180,500 (2011: Â£178,300). Broker Credit Suisse has upgraded eps forecasts 6% for this year and next to 13.3p and 19.6p. < ...

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Elementis - Expands capacity in buoyant US

NCC Group - Shrugging off IT glitch

Barratt Developments - Shares trading below NAV (May 2020)

Barratt Developments - Forward sales up 71% (February 2014)

Barratt Developments (December 2013)

Barratt Developments (November 2013)

Barratt Developments - Gain to date: 182% (August 2013)

Barratt Developments - Private forward sales rise 28.5% (June 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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