An investment case for Britain’s largest housebuilder

PAMP is a shareholder in Barratt Redrow. We believe the shares trade at a substantial discount to intrinsic value and that the company should consider a meaningful share buyback. The analysis in the deck explains our reasoning and the assumptions behind our valuation.

The purpose of this site is to explain our thinking, show our workings and encourage informed debate among shareholders, management and other interested readers. Everything presented here is based on publicly available information and reflects our views at the time of publication. Readers should form their own conclusions.

As a shareholder, PAMP stands to benefit if Barratt Redrow’s share price rises.

• Investing involves risk. Things may not develop as we expect, and our analysis, assumptions and conclusions may prove to be wrong.
• The company’s past performance and historical financial results form part of our analysis, but they are not a guide to future performance.
• Any illustrative figures or scenarios in our materials are not predictions; they show what we think could happen if certain assumptions prove correct.
• Nothing here is personal investment advice or a recommendation to buy or sell any security.