Eadwig
24 Jan 2020
Re: Barratt a decade on frog_in_a_tree: The Tory govenment’s only strategy has been to pump up the market with Help to Buy which has served to boost the profits of builders without doing anything meaningful to encourage the elimination of the shortage of houses or to reduce prices. I think its helped, but the population rise over the same period has probably more than wiped out the benefits. The Tories have talked over and over about policies ‘to help smaller builders’ specifically, but it has never come about. I assume they either couldn’t think of any, Brexit issues got in the way or they realised that more building would mean more migrant labour required. Social housing is an ideological no no for the Tory party, especially the far right who now hold the reins of power. I don’t think we can discount that either.
frog_in_a_tree
23 Jan 2020
Re: Barratt a decade on Hi Malj, I was one who bought BDEV and TW ten years ago and, yes indeed they have done very well. I still hold and reinvest the dividends. I would say that builders have prospered on the back of poor government housing policy which has allowed the erosion in the supply of social housing and a persistent shortage of houses generally. The Tory govenment’s only strategy has been to pump up the market with Help to Buy which has service to boost the profits of builders without doing anything meaningful to encourage the elimination of the shorage of houses or to reduce prices. I don’t need to say that neither of these would be in the interests of the housebuilders…so I will. Cheers, Frog in a tree
malj1
23 Jan 2020
Re: Barratt a decade on So the discussion board is empty! Where are all those experts of yore?! Oh how they knew everything, especially their Dad’s Army Economics - mainly ‘we’re all doomed.’ Well around spring 09 you could have bought BAR for ca 39p ps. Today nudges through £8 ps. So that’s cagr ca +35% pa over the past decade, before some pretty hefty dividends. They’ve obviously all gone bust. Great. Clearly far from as smart as they thought they were. Also, perhaps surprisingly, there’s a lot more to come!
Ripley94
17 Jan 2020
This just a momentum play? BDEV… XXXX Sold the tranche back @ recent high of 798p
malj1
03 Jan 2020
Yr 2019 I run my valuations usually on the last trading of the month, mainly first thing in the morning. So the numbers can bounce around a bit, notably as builders have been volatile. In the long run this variation is just noise.
frog_in_a_tree
01 Jan 2020
Yr 2019 I only get +58.4% over the last 12 months. Still very good but at the beginning of 2019 it was well down on where it had been a year prior. It has been a good investment for me since 2010. Cheers, Frog
malj1
01 Jan 2020
Yr 2019 So the best performing sector of 2019 is … builders. The best performing builder is Barratt @ +65% yoy (before dy which will have added about another +10% gross over the course of the year). So where are those naysayers now? Serving French fried or stacking shelves I guess. Well to the victor the prize. My portfolio is +86% yoy post costs etc. Smug moment. More to come in 2019. Looks like we’re being navigated to an hpi explosion summer/autumn. Bring it on. Curious the better it gets the less folk want to talk about it - sour grapes I guess; you guys know who you are!
Ripley94
30 Dec 2019
This just a momentum play? BDEV… XXXX Got that sold tranche of 14 days ago back today at 744p. Just seen above could of bought @ 740p 12 days back lol .
Ripley94
18 Dec 2019
Re: oh dear oh dear Never new this was the poster female ?
malj1
17 Dec 2019
Re: oh dear oh dear Couldn’t have happened to a more deserving person!
frog_in_a_tree
17 Dec 2019
Re: oh dear oh dear Hardcore Uproar aka Sara Racano is suspended. Probably for white supremacist posts. Frog in a tree
malj1
17 Dec 2019
Re: oh dear oh dear So up about +75% since the start of the year. Plus dy makes a total return ca 80%. Strange no more doomster posts from HCU etc. Still undervalued (considerably).
Ripley94
16 Dec 2019
This just a momentum play? BDEV…, XXXX Pity I did not get the second batch back when moving in June. Sold a 70% tranche today for 775p.
Eadwig
24 Oct 2019
Re: more yawn malj1: Mind you with JC in the wings, maybe it’s a case of plus ca change …, as it seems we will be saying for a while longer yet. I’m 55. I remember talk of the brain drain and when I went back to college in my early 20s after my first career in Engineering collapsed when I was 20 I was surprised (although I don’t know why given the desolation of Thatcher’s Britain) that many people in the class were there only to get a job abroad and get out of Britain. That is happening again now, especially in health care, but a Johnson government looks all set to ramp up immigration to counter the numbers, if not the skills. Emigration has started to upturn again, although in overall terms it if offset and more by immigration
malj1
24 Oct 2019
Re: more yawn Yes. 70’s & early 80’s were largely a function of ‘the brain drain’ (remember that? - you’re probably too young) when the UK underwent sustained net EMigration. People voting with their feet on prolonged labour/union policies. Always a boon to persuade your best & brightest with the most get up & go to … er … well, get up & go. Largely reversed by the Thatcher revolution. Mind you with JC in the wings, maybe it’s a case of plus ca change …, as it seems we will be saying for a while longer yet.
