Added to YB: 2026-03-24
Pitch date: 2026-03-22
BTRW.L [bullish]
Barratt Redrow plc
+6.12%
current return
Author Info
The Boon Fund writes about their investments in UK shares. Outperforming the FTSE All-Share, every year, for the last three years. 49% total return vs 15% over three years. They transparently publish their entire portfolio, as well as all buys and sells that they do. Sign up for the newsletter.
Company Info
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities.
Market Cap
GBP 3.6B
Pitch Price
GBP 2.52
Price Target
5.00 (+87%)
Dividend
6.88%
EV/EBITDA
5.91
P/E
17.30
EV/Sales
0.59
Sector
Household Durables
Category
value
Buying Opportunity or the Beginnings of a Recession? - Barratt Redrow plc
BTRW.L: Bought at 305p (now 256p), trading 0.6x NTAV vs historic premium to book. Market pricing in demand crash + house price collapse, but supply/demand supports prices. Land bank review shows only 10-20% overpay 2022-23, not 40% writedown risk. Target 450-500p in 24mo = 75%+ upside.
Read full article (2 min)