Russ mold2 Sep 2021 15:12
Commenting on the share price decline, AJ Bell's Russ Mould said: "Perhaps it is down to concerns over the expiry of the stamp duty tax break in October, or worries over an increasing reliance on Help-to-Buy, or the potential impact of the proposed April 2022 launch of the Residential Property Developer Tax, but investors do not seem unduly moved by Barratt Developments' strong full-year results.
"Shareholders will also be keeping a wary eye on the costs associated with cladding remediation of previously-constructed sites, notably Citiscape in Croydon. The bill went up by a further GBP81.9 million in the year to June 2021, taking the total to GBP184 million since 2017, and management has flagged that the year to June 2022 could see further costs of GBP40 to GBP50 million, if its guidance for 'adjusted items' in the results presentation is any guide."
Does anyone think his reasons are to blame for today's fall rather than some over the top on the day reaction?