Berkeley Share Discussion Threads

[anley] 18/10/2016 18:02

There not in the business of shorting for dividends as they have to pass them back to the owner of the stock...........trying to help so talk to your broker or someone who can tell you all about the way shorting works.

There is not a great deal of stock about - look at what happened today with the price - and if those cowboys are closing then they best be quick as BKG results are soon and Mr Pigley will have something up his sleave.

Looking for £28+ by mid November.............

[phoenixw2] 18/10/2016 17:59

E+EO...>
1/2yr results to 31-Oct, released on Friday 2-Dec [I believe these two dates are fact]

Ex-D 15-Dec, R/D 16-dec, Pay-date 27-Jan-17
PBA these latter dates are my best guestimates based upon the past timing and up to date announcements. i.e. Hopefully completely right but don't pawn your family members on them/DYOR etc.

[bluemango] 18/10/2016 15:20

Interim div £1 a share due January. Previous was in Sept.

[malcolmmm] 18/10/2016 14:58

perhaps they are positioning for the div, when is it due?

[anley] 18/10/2016 13:32

and I am not surprised especially as Odey has had a terrible time with his short positions this last year.

[bluemango] 18/10/2016 11:11

Further to my post 2242, Odey have further reduced their short position, now at lowest figure since July. Blue Mountain at lowest since August and any further reduction will see their position no longer registered by Short tracker.

Chart of aggregate disclosed short position shows a clear pattern of short closing since the peak at the time of the referendum. They've done well but time now to quietly buy back.

[garycook] 18/10/2016 07:22

BWY,Finals out.eps up 42%,and the dividend up 40%.I think House builders should be up today.

[rcturner2] 18/10/2016 06:09

With the rental market, many years ago someone gave me the adage "buy at 10 sell at 20" referring to the ratio between annual income and price. You have not been able to buy at 10 for a long long time.

[raffles the gentleman thug] 17/10/2016 12:56

phoenix ... interesting that Ireland is now actually going the other way to the UK and reversing its policy on interest deductibility on buy to let - precisely because of the damaging effect it had on rent inflation.

[phoenixw2] 14/10/2016 10:06

As a former landlord of 20-odd years I'm not surprised. The government have progressively taxed and regulated away the viability of it for many.

[montyhedge] 14/10/2016 09:41

BOE just said buy to let, lowest since 2007.

[panic investor] 13/10/2016 17:24

Have to day Advfn are useless at that sort of thing - they need posters more than ever - subscriptions are falling off a cliff !

[quepassa] 13/10/2016 13:24

Thanks Heavens for that.

QP

[garycook] 13/10/2016 13:15

QP,Your filtered good riddance

[anley] 13/10/2016 12:13

and with a yield of 8% and a dividend to come soon a very nasty trade for the shorters.........as I have said before "never bet against Mr Pidgley".

[bluemango] 13/10/2016 10:13

Odey have reported third successive reduction in their short position this month, after it peaked late August. Blue Mountain have also reduced. Adelphi Capital reported small increase, but the aggregate short position is now at its lowest since July, just after the referendum.

Anyone shorting BKY now would appear to be swimming against the tide.

[essentialinvestor] 13/10/2016 10:09

BKG have highlighted market headwinds.
Stamp duty and uncertainty post referendum have been widely discussed.

So it is a case of whether you consider the share price already allows for this.

If you are looking for lower share price levels, either wider equity markets need
to trade lower, or sector newsflows may need to deteriorate further.

Otherwise about in the price just IMV.

[chiragmahe] 13/10/2016 10:01

London's population set to reach 10m by 2026 as migrants flock to capital

[chiragmahe] 13/10/2016 09:57

I bought BKG at 2600 so im still under

[raffles the gentleman thug] 13/10/2016 09:35

Just an aside re Stamp Duty ... I saw Linden Homes (Galliford) is the latest developer to be swallowing stamp duty on, as they put it, "homes ready for occupation". Indeed they offering this on their high end stuff which comes in around the £1.2m to £1.6m mark. So high-end new build properties will get shifted, since their valuations relative to secondary market properties with the stamp duty are probably lowest they have ever been. And unless the Government change tack there will be a very limited supply of high-end new build property coming to the market in future years.

[raffles the gentleman thug] 13/10/2016 09:24

sorry quepassa ... it certainly wasn't mean to be stentorian, and was aimed at you "with respect" !! Was just a little surprised that the debate was now expressing concerns about falling turnover and reported profits when that should be widely understood here.

So long as cancellation rates do not materially change over the next two years, which is unlikely given the precipitous drop in Sterling, sufficient profits will be deliverable in only the next 2.5 years to cover the £10 dividend pledge right through to 2021.

So right now its relevant to look at the real value of the business, which is 14 quid a share, give consideration to a 40% lower base of forward sales and the likely margin they will make on that book of business, which should still be highly respectable. And on that basis I find the shares highly attractive.

But obviously the market strongly disagrees with that synopsis, and presently its open field day for those waffling about overpriced London flats and Stamp Duty - but the reality is BKG is doing just fine, and ultimately the shares will catch up with the fundamentals

[quepassa] 13/10/2016 09:17

raffles,

thank you for your stentorian reply.

I did listen but experience has taught me to form my own personal opinion and to read and listen carefully to the overall market and sector. As well as to read between the lines.

what any given company may or may not say is one thing, what any given investor may or may not draw from that and think are altogether different matters.