Updates

Barratt Developments

November 2013

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.

The positive benefits from Government schemes making it easier to get on the housing ladder have underpinned strong trading from Barratt, with pretax profit increasing 74% to Â£192m for the six months to 30 June. The company reported a 5% increase in completions to 10,978 while operating margin increased to 10.4% reflecting an increasing contribution from houses built on cheaper land bought after the credit crunch started. Private forward orders spiked 44% year-on-year to Â£880m while forward sales were up 60% at Â£1,231m. Barratt increased spend on new land purchases to Â£677m (H1 2012: Â£397m) but strong cash generation meant net debt reduced to Â£25.9m (H1 2012: Â£167.7m). Broker Peel Hunt forecasts eps to increas ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Topps Tiles - Top-slice some profits

Dunelm - Another special dividend

Barratt Developments - Shares trading below NAV (May 2020)

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

Barratt Developments (December 2013)

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

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

Barratt Developments (November 2012)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X