Thursday, Sep 17, 2009
Investec says BDEV is only worth 93p
Guardian: Investec says Barratt could be "irreparably damaged"
More negative news for Barratt Developments, with analysts at Investec saying this morning the housebuilder could be "irreparably damaged" by over-extending at the height of the bubble, even with a mooted £500m cash call.
Posted by modemfish @ 10:16 AM (305 views) Add Comment
3 Comments
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1. uncle tom said...
Don't think anyone's listening - Barratt up 2.4% today to 277p
2. techieman said...
UT- probably because the whole market is up - fat lady is now on stage and on her last chorus. (IMO)
3. uncle tom said...
techie,
Autumn is a time of market upsets - what do you reckon is going to trip up this bull run?
At the moment, I'm seeing an investment community that has been starved of anything decent to punt on, playing this one a little further until something comes along to poop the party. But I'm not sure what and when..
.. something like a major accounting scandal at Banco Santander, with billions of concealed losses uncovered, and a run on the bank - there's a touch of the Enrons about that outfit..!