Editor's Pick: Markets: The week that was (16-20/11/09)
(BDEV.L) Barratt Developments PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 20-11-09 | RNS |
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RNS Number : 8803C Barratt Developments PLC 20 November 2009 TR-1: notification of major interests in shares
underlying issuer of existing shares to
which voting rights are attached:
2. Reason for the notification (please tick the appropriate box
or boxes):
which may result in the acquisition of shares already issued to
which voting rights are attached
effect to qualifying financial instruments
notification obligation:
CREDIT SUISSE ASSET MANAGEMENT LLC
which the threshold is crossed or reached:
reached:
8. Notified details:
A: Voting rights attached to shares
if possible using the transaction ISIN CODE
GB0000811801
B: Financial Instruments
Resulting situation after the triggering transaction xii
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction xii
Total (A+B+C) Number of voting rights % of voting rights
9. Chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held, if applicable xxi:
3. Credit Suisse Asset Management LLC
Proxy Voting:
13. Additional information:
Notes to the Forms This information is provided by RNS The company news service from the London Stock Exchange END
HOLURRBRKSRAUAA More |
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| 18-11-09 | RNS |
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RNS Number : 6922C Barratt Developments PLC 18 November 2009
BARRATT DEVELOPMENTS PLC
RESULTS OF THE 2009 ANNUAL GENERAL MEETING Barratt Developments PLC (the "Company") held its fifty-first Annual General Meeting on Tuesday 17 November 2009, at the offices of UBS Limited, 1 Finsbury Avenue, London EC2M 2PP. All resolutions put to the meeting were voted on by way of a poll and were passed by the shareholders. The results of the poll for each such resolution are shown below: Poll Results
Resolutions submitted to UK Listing Authority Two copies of the Special Resolutions put to the meeting (being Resolutions 11, 12 and 13) have today been submitted to the UK Listing Authority in accordance with Listing Rule 9.6.18. These documents will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS. The poll results will be available shortly on the Company's website www.barrattdevelopments.co.uk. For further information please contact: Barratt Developments PLC Mark Clare, Group Chief Executive
For media enquiries, please contact: Barratt Developments PLC
Maitland
Neil Bennett This information is provided by RNS The company news service from the London Stock Exchange END
RAGFFSFFASUSESF More |
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| 17-11-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 6146C
Barratt Developments PLC
17 November 2009
Barratt Developments PLC
Interim Management Statement
This Interim Management Statement ("IMS") covers the 19 week period from 1 July 2009 to 8 November 2009 ("the IMS period").
Mark Clare, CEO Barratt Developments commented:
"With the successful refinancing of the business now completed, we have substantially reduced debt levels and are in a strong position to buy land as opportunities emerge and to open new sites. Our net private reservation rates per site are running 34% ahead of last year. While trading conditions in the housing market have improved, activity levels will remain constrained until the availability of mortgage finance increases particularly at higher loan to value levels."
Current trading
The stability in the UK housing market seen in the first half of the calendar year has continued into the current trading period. The Group is achieving its target net reservation rate with prices ahead of budget.
Visitor levels per active site for the IMS period averaged 1.88 per week (2008: 1.88), with net private reservations averaging 204 per week (2008: 197). Our net private reservation rate for the IMS period equates to 0.55 homes per active site per week (2008: 0.41). These reservation rates include cancellations of 13.4% for the IMS period (2008: 23.7%). We continue to adopt a cautious approach to recording reservations as a result of the limited availability of mortgage finance.
The forward order book at 8 November 2009 stood at £846.6m (2008: £817.7m) of which £506.0m was contracted (2008: £481.5m). 5,228 plots (2008: 5,513) were included within the forward order book of which 38% were social plots (2008: 45%).
As at 8 November we were operating from 362 active sites (2008: 449) and 415 total sites (2008: 515). During the first 19 weeks we have opened 39 active sites and expect site numbers to be broadly stable during the year. The business continues to focus on managing stock levels to operate at the optimal level in the current environment.
Whilst the land market remains subdued, we have continued to identify and approve the purchase of a number of sites, largely on deferred terms.
Net debt
On 23 September 2009 we announced a fully underwritten Placing and Rights Issue, raising gross proceeds of £720.5m, and the renegotiation of our banking facilities. The equity issue has significantly strengthened the financial position of the Company and was completed successfully on 4 November 2009 and amended financing facilities came into effect on 16 November 2009. We currently anticipate that net debt as at 31 December 2009 will be around £700m (2008: £1,422.8m).
Exceptional costs
As outlined in our announcement on 23 September 2009, as a consequence of amending the Group's financing arrangements, we will incur exceptional costs within the first half of FY10 of around £125m.
Based on the recent stability in pricing we do not anticipate any additional impairment within our housebuilding business.
Outlook
Whilst there has been an improvement in market conditions, further recovery will be dependent on increases in mortgage lending particularly in the higher loan to value segment. With these constraints remaining in place, we continue to expect total completions for FY10 to be approximately 12,000, with around 16% of the total comprising social units. Consistent with the re-planning and build programme, a shift in product mix towards a higher proportion of houses is expected. We continue to anticipate that this change in mix will improve average selling prices by around 8-10% for the financial year.
Note - Reservation rates
Average net Net private Net private Net private Net private
private reservations reservations reservations reservations
reservations per week per per week per per week per per week per
per week total site active site active site active site
19 Weeks 19 Weeks 19 Weeks 1st Half 2nd Half
FY09 197 0.36 0.41 0.45 0.52
FY10 204 0.48 0.55 n/a n/a
Conference call for analysts and investors
Mark Clare, Group CEO and David Thomas, Group FD will be hosting a conference call at 08:00am today, Tuesday 17 November 2009, to discuss the Interim Management Statement.
To access the conference call:
Dial-in: 020 7906 8567
A replay facility will be available until 3 December.
Dial-in: 020 7075 6589. Passcode: 252294¿
Barratt will be holding its Annual General Meeting today at 2:30pm at the offices of UBS Limited, 1 Finsbury Avenue, London
Certain statements in this IMS may be forward looking statements. By their nature, forward looking statements involve a number of risks, uncertainties or assumptions that could cause actual results to differ materially from those expressed or implied by those statements. Forward looking statements regarding past trends or activities should not be taken as representation that such trends or activities will continue in the future. Accordingly undue reliance should not be placed on forward looking statements.
-Ends-
For further information, please contact:
Barratt Developments PLC
Mark Clare, Group Chief Executive 020 7299 4890
David Thomas, Group Finance Director
For media enquiries, please contact:
Barratt Developments PLC
Dan Bridgett, Head of External Affairs 020 7299 4873
Maitland
Liz Morley 020 7379 5151
Neil Bennett
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| 11-11-09 | RNS |
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RNS Number : 3477C Barratt Developments PLC 11 November 2009 Barratt Developments PLC Annual Information Update As required under Section 5.2 of the Prospectus Rules, and following publication of the Annual Report on 23 September 2009, the company has published or made available to the public, for the 12 month period ended 10 November 2009, the information listed below. This Annual Information Update is also being made available on the investor relations section of our website: www.barrattdevelopments.co.uk The information referred to in this Annual Information Update was correct at the time it was published but may now be out of date. 1. Announcements made via the Regulatory News Service, London Stock Exchange The documents listed below were published on or around the dates indicated. All of the documents listed are available to view on the "market news" section of the London Stock Exchange website and may also be accessed via the Investor Relations section of the Company's website: www.barrattdevelopments.co.uk Date Description of Contents of Announcement
23/12/2008 Barratt Developments - Director/PDMR Shareholding
19/12/2008 Barratt Developments - Director/PDMR Shareholding
19/12/2008 Barratt Developments - Director/PDMR Shareholding
19/12/2008 Barratt Developments - Director/PDMR Shareholding
20/11/2008 Barratt Developments - Director/PDMR Shareholding
18/11/2008 Barratt Developments - Director/PDMR Shareholding
The documents referred to below are available to view on the company's website and were published on or about the dates indicated: Announcements
Documents
06/10/2009 Notice of Annual General Meeting 23/09/2009 Corporate Press Release in relation to the proposed Placing and Rights Issue
23/09/2009 Circular in relation to the proposed Placing and Rights Issue
23/09/2009 Supplementary Note to Remuneration Report 30 June 2007
Presentations and Update
All of the documents below were filed with the Registrar of Companies in England and Wales on or around the dates indicated:
01/10/2009
01/10/2009
01/10/2009
4. Documents submitted to the UK Listing Authority Document Disclosure Team All the documents below were submitted to the UKLA on or around the dates indicated:
2009
Further information about Barratt Developments PLC can be found at our website: www.barrattdevelopments.co.uk This information is provided by RNS The company news service from the London Stock Exchange END
AIULFLFFKFBZFBX More |
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| Fri 21:31 | ||||
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Today's london evening standard comments (p 57) that bdev shareprice fell because Nationwide building society today announced a steep profit-drop, forecast a slow economic recovery, and warned the recent rally in house prices could run out of steam.
On page 54 though, columnist Peter Bill reveals 'foreign buyers snapping up 'too-dear' london homes ( www.thisislondon.co.uk/standard-business/article-23772109-foreign-buyers-snapping-up-too-dear-london-homes.do ) In other words failing building societies are spooking the homes-market so johny-foreigner can buy us up cheap. Ah well, twas ever thus... More | View thread (1) | Respond | Login to Vote up | Login to Vote down |
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they are much on par with t/w but there land bank is over valued it is double of redrow land bank dont jump in with to much cash still a big risk worth a small punt for long term
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Sorry I do not have answer but can someone please explain continuing fall? I had meeting with someone from Barratt yesterday and they were very positive about the future, B's landbank is less distressed than say TW who paid top dollar for everything, I am tempted to jump in.
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| Fri 10:56 | ||||
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what happens on the 11th?
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