Added to YB: 2026-06-03
Pitch date: 2026-06-01
BTRW.L [bullish]
Barratt Redrow plc
+1.78%
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 3.5B
Pitch Price
GBP 2.52
Price Target
4.50 (+71%)
Dividend
6.98%
EV/EBITDA
5.78
P/E
17.03
EV/Sales
0.57
Sector
Household Durables
Category
value
YTD to May 2026: Performance, Buys, Sells, and Commentary - NEW POSITION: BARRATT REDROW
BTRW.L (new position): UK housebuilder at 0.6x NTAV (262p), 'darkest before dawn' bet. Headwinds (rising mortgage rates, construction costs, flat house prices) seen as troughing; red tape/subsidies can only improve. Cartel-like majors stay profitable, 5.4% yield. PT 450p (~67%+ upside) on recovery above 1x NTAV.
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