BTDPY - Barratt: Upbeat Outlook But Mixed Prospects
U.K. housebuilder Barratt (BTDPF, BTDPY) has issued its annual results. While the current trading outlook was bullish, the results overall reflected what had been a tough year for the sector. I remain bearish on the name.
COVID-19 Took a Big Toll on Barratt
In line with its sectoral peers, the impact of the COVID-19 lockdown and economic downturn significantly reduced Barratt’s performance, which is reflected in the full-year results.
While the company turned a profit, its results both at the top and bottom lines were markedly down, with EPS decreasing almost