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I like what I have seen today, I am getting on in years so can remember all sorts of strategies, I think this is right for the time. There was a nice rise straight after the Announcement, but now down , in my view, its Friday so day traders have taken a nice profit on the blip. All will be well next week, have a nice weekend all
Sorry Nazir , that just how it works, if we have a really good day , the following day some people will get in early the following day and take some profit, then (hopefully) some more news will come along and it rinses and repeats. I have more than one stock that does this
I think it is possible interest rate rise to 1.75 on Thursday , anything spooks the market these days. Rates need to rise so we need to suffer the pain while it does. Youngsters think that these rates are the norm , they will get over it and housing will still be needed in the medium to long term and Barratts are well prepared to meet that challenge
So as usual , we have a good set of figures, the future looking good, considering the current world position and the UK political position, but the share price goes down , C'est la Vie, as the great Frank Sinatra sang
Looked into this forum for the first time in ages and what the hell has happened to it , its now just a bunch of windbags talking about anything other than Lloyds and not in a particularly good way. Too much time on their hands is all I can think , will try gain in a year or so, maybe some of them will have passed on by then
Its an over reaction to the so called cost of living crisis plus the Cladding issue which is now sorted and the cost is being shared by all builders up to a point, Barratts have already made some provision for the potential costs and it still has a great balance sheet and is making good returns on funds applied , so yes it should bounce back when the hysteria has calmed down and future results show that it is
It will go back again , there would be a big legal challenge if the gov tried to enforce this on companies unless they did not use approved materials. One cladding manufacturer has already been whistle blown on for falsifying data , they can pay. Barratts paid out about £140 million a few years ago to rectify cladding on a London joint venture saying that they would make the problem good themselves then go after the people responsible, Barratts have no heavy involvement in this type of build
I personally think that the pros thought us amateurs were expecting a rise today as results and divi's are imminent, so they sell because they want the price to go down and buy in later in the week, thats my view anyway, COVID etc are already priced in