By Chris Bailey | Wednesday 2 September 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I have been a bit of a sceptic about the housebuilding sector for a while and got my pay-offs earlier this year. So on a quiet-ish day for regulatory news disclosures, I thought I would see how Barratt Developments (BDEV) was seeing life with the shares still over 30% off highs despite recent market advances. The company noted in its full year to the end of June numbers that by the balance sheet date, all operational sites had reopened. However, you can see the scars of the crisis, with full year completions down just shy of 30% but split (+8.1% in H1 and -58% in H2) and profits down, although there was ‘modest house price inflation’…
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