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Final Results just been RNS'd Joe
Yes it was a gift ,so i have bought some more
I’ve been out of touch. Could some kind and wise soul explain why price has dropped again so sharply today, I don’t see Barratt dropping by a similar amount. Thanks
Looking forward,
It is still early in the year and the macroeconomic backdrop remains uncertain, however it is encouraging to see some signs of improvement in the market, with reduced mortgage rates positively impacting affordability and customer confidence.
While the planning environment remains challenging, we have a high-quality, well-invested landbank and a strong financial position which underpins our ability to provide investors with a reliable income stream via our differentiated Ordinary Dividend Policy. Looking ahead we are well-positioned in an attractive market, with significant underlying demand for our quality homes and are poised for growth from 2025, assuming supportive market conditions."
Do you not understand what a cyclical business is avocet? At this stage of the cycle these appear solid results to me, in line with management expectations. That's not to say there won't be a dip on opening, but given the dividend has been maintained (unlike most of the major builders at this stage of the cycle) I think we might see a positive start. Let's see what happens at 8:00am.
I`m satisfied with the results coming out as expected and paying a decent dividend under the new system. These are difficult times but management seem pleasantly optimistic .
Yes but nearly everything else's is down 50% so it's not good
The results look OK, in line with expectations, dividend maintained, should be a positive opening 😀
UK average selling price on completion up 5.1% to 370K (2022 352K)
Overall average selling price up 3.5% to 324K (2022 313K)
Excellent 👌
Positioned for growth from 2025
Final divi 4.79p
gla
Yes, think we might have to hold our noses at 8am...
Bad results
I was expecting the price to rise in the run up to results.
Final Results 28-Feb-2024,
We continue to expect full year Group operating profit to be at the top end of our guidance range of £440 million to £470 million.
The UK competition watchdog said it has found "fundamental concerns" within the UK housebuilding market, and has launched an investigation into eight housebuilders.
The CMA said it is investigating Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey, and Vistry.
Very good reply opium I totally agree with you. ***********
Allow me a controversial reply..
Start with Mass Deportations of Illegals and foreign criminals.. Then work out who owns all the homes that are left empty or owned by corrupt foreign owners, and repatriate those for our Nationals homeless & Vets.
We don't need more houses, we need the existing 1's we already have be improved and become available for the right people. Re-balancing the Housing Market naturally and bringing prices down
Too many developments with lack of or poor infrastructure, drainage, services, GP's, Dentists and the like. All we're doing is building more council estates riddled with problems
We will have to wait to nearer the election to see if there are some sweeteners before the election to be promised by the parties
How do you think HB's will do under labour? The manifesto looks promising but we have heard it all before of course?
Hi maninpink
Speaking to people, there seems to be plenty out there!
But being played down as it’s the February merry go round season, but looking good for spring that’s when I think it will kick off!
Just my opinion and the way people are talking!
All the best Ben
Results due 28th hopefully decent numbers. Am doing well with rolls royce at the moment they should fly on results.
Inflation remains at 4%, better than expectations of 4.2%, hopefully price will recover this morning
With any luck we got some of tomorrow's drop out of the way today, but probably not. Sucks to report after US, as this way we get the double whammy.
UK earnings growth higher than expected
US inflation higher than expected
UK inflation figures out tomorrow, market is expecting higher figures which means interest rates will need to stay high for longer, all builders are being hammered
Anyone know of a reason for today's close to 5% drop?