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I think you will find this dropped to 26p in 2008! We’re not going down to that level but I do still wonder about the guy who posted he was happy to pay £5 because this was a well run company even though he took on board my prediction of £3.50. Has he been accepted by the lunatic asylum or is he still roaming the streets!
will tell us shortly that he sold out at 31p and then when this hits the bottom and starts rising he will claim he bought in at the lowest figure. LOL
Fair enough, verified data would be nationwide. If you look at London and the South East it would be more like 50%
You must have an extremely poor memory if you say the early 90’s crash only led to a 20% fall in prices. It was at least 50% and I was a property developer/ investor at that time so I do know. Normal Lamont, the chancellor at that time, famously sang in the bath when he increased the base rate to 15%. 8% rates now will be very similar because this time we have started from 0% whereas in the 90’s the increases started from approx 6%.
My £3.50 level that everybody scoffed at a few months ago has been reached but with the recent budget I am now convinced we will be dropping into the 2’s.
It doesn’t matter how good their financial situation is if prices drop say 20% it is going to have a massive effect on their bottom line.
Somebody else talking some sense. Most of this board have no recollection of the early 1990’s or 2008 or choose to forget?
Why are you moving it to BDEV when it still has further to fall. An additional interest rate bump - there are going to be several interest hikes. Do you enjoy losing money, if so, I should give it to charity so it can do some good.
Manfor’s figures are a bit extreme but he talks a lot of sense. Certainly more sense than the moron who took on board my 3.50 prediction but was happy to pay £5 because they are a well run company. 3.50 will definitely come and these shares may even drop into the 2’s but this will obviously depend on the degree of slump in property prices over the next year to eighteen months.
I hope everyone is enjoying the good fundamentals whilst losing money! Lol
What a strange post Deadly4u! You are saying investors like losing money. They look at Barratt’s fundamentals and don’t care if they pay £4.50 or £5.00 for the share even if it is going to drop to £3.50! As long as the fundamentals are OK. Unbelievable!
Porsche, you are the only one talking sense! I posted some months ago when this was over £5 that £3.50 is definitely on the cards and that people should not buy yet. Everyone called me a doommonger and said they were continuing to buy. I repeat, do not buy at these levels as the only way is down at the moment.
Shares Magazine trying to suck you in. As I said a couple of months ago - £3.50 next stop! Don’t buy now as you will soon be sitting on a paper loss.
At last, someone else who has seen through onedb’s b……t. When posting on the PMO board three or four years ago he predicted they would be 180 by Christmas. That’ the equivalent of £36 on the current Harbour Energy price. Let me see - oh yes, Harbour Energy £3.20. Onedb always claims to have sold out at the top price and buys in at the lowest - always after the event though! Lol
Why on earth do you all keep adding more! You ought to be waiting for £3.50 as I predicted some weeks ago.
Then you will be jumping in too early Den Fos. I predicted 50p a couple of months ago and have no reason to change my mind now.
If you have held since 1992 my guess is your purchase price was well below £1 so you are bound to be showing a profit. That doesn’t mean the current price makes this a good buy.
I can see £3.50 coming here. Interest rates going up monthly and energy bills eating into people’s cash all points to a significant property price correction. Sell out now and buy back later at a much lower price. You have been warned!
Do none of you guys remember past property crashes! In 2008 and back in the 90’s Barrett’s dropped to 30p! I am not saying they will go that low again but with interest rate rises all through this year and the market definitely overheated I think we are ready for a significant correction in prices and consequently a fall in demand
The resident super trader has still done much better than onedb. He sold out at 18.3.
Come on onedb. Don’t be shy! Tell this board where you stand regarding ownership of this share. Lol