Me: Is Barratt bust??
Me: Is Barratt bust?? Barratt share price on 6 Feb 2007 was 1289 (Click on the link above for price list)
Todays closing price is 41.50
Hence the fall in share price is
(1289 - 41.50) * 100
—————————- = 96.78%
1289
So if you invested £100 on 6feb 2008. Today it would be worth 3 pounds 20 pence.
I have no idea how they have not broken their covenance against their bank loans.
Barratt is the second largest house builder in the UK. If this is what the market values Barratt its actually valuing its land banks and its properties and project its developing.
So were they over priced by 93%…. Could be
Original post by deepak
