Barratt Developments (BDEV) is set to unveil a steep fall in completions when it issues results for the 12 months to the end of June. The question is to what extent the temporary increase in the stamp duty threshold and the unleashing of post-lockdown pent-up demand has boosted reservations since the start of July.
IC TIP:
Hold
at
518p
Yet investors will also be eager to learn whether the group follows rival housebuilder Persimmon (PSN) in reinstating dividends. It had one of the strongest balance sheets in the sector pre-pandemic, ending the year with £305m in net cash, although that was against £766m a year earlier, together with access to a £700m undrawn revolving credit facility.
