Barratt (BDEV, 144p) are up 90% absolute and 60% relative since January 15th when a price of 75p catalysed my positive view: ‘Barratt- look for buying opportunities’.
We’ve just seen a few minor directors sales at Berkeley Group Holdings, with Pidgeley, Perrins and Carey selling 600,000 shares between them at 960p, reducing their holdings to a combined 6.48m shares (April 29th- source London Stock Exchange).
So these share sales are insignificant in % terms, but I consider them an indicator of a likeley ‘breather’ in the Housebuilding sectors performance.
So I’m happy to take my profits on Barratt Developments.
View on Barratt Developments: Neutral.
Leave a comment
Comments feed for this article