BTDPY - Barratt: Tougher Times Ahead
Barratt (BTDPF) (BTDPY) is the largest British housebuilder, which in broad terms can be seen as a bellwether for the mass housing market in the U.K. As I am expecting the housing market to continue downwards in broad terms in the coming twelve months, I expect Barratt to show reduced performance.
Barratt Is A Broadly Exposed Housebuilder
Barratt has a broad geographic exposure across the U.K. mainland with its business concentrated in 3-4 bedroom houses. Private buyers looking for a home for themselves and using their own funding, such as a mortgage or cash payment,