Share Name Share Symbol Market Type Share ISIN Share Description
Berkeley Group Holdings LSE:BKG London Ordinary Share GB00B02L3W35 ORD SHS 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00p -0.35% 2,873.00p 2,873.00p 2,874.00p 2,948.00p 2,863.00p 2,904.00p 185,488.00 10:22:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 2,047.5 530.9 295.8 9.7 4,026.72

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Date Time Title Posts
21/2/201708:04BERKELEY GROUP ::::::::::::: Quality Housebuilder2,650.00
07/7/201608:47Berkeley Group Holdings (The) PLC _ ACTIVE INVESTORS CLUB (BKG)2.00
10/7/201413:55Manoj Ladwa offers Fundamental & Technical Analysis on BKG-
12/5/201415:39Berkeley - to Surrey and beyond2.00
07/12/201208:11Re rating1.00

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Berkeley Group Holdings Daily Update: Berkeley Group Holdings is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker BKG. The last closing price for Berkeley Group Holdings was 2,883p.
Berkeley Group Holdings has a 4 week average price of 2,875.80p and a 12 week average price of 2,845.46p.
The 1 year high share price is 3,390p while the 1 year low share price is currently 2,015p.
There are currently 140,157,183 shares in issue and the average daily traded volume is 506,623 shares. The market capitalisation of Berkeley Group Holdings is £4,029,519,011.25.
1gw: That's me in for another chunk at 28.72, a month after my first purchase. Hoping the weakness today is due in part to Bovis results, which may be counteracted by Galliford Try's interims tomorrow, Barratt on Wednesday and Persimmon & TW finals next week. Feels like once again we may be heading for "lower for longer" on interest rates and on the BKG price we're again getting to "Pidgley Put" territory - the price at which I would expect BKG to be buying back shares in the market.
this_is_me: It seems that the buyback programme will keep the share price above £28. That makes reasonable sense. I wouldn't want buybacks much above that price.
1gw: I've taken a first chunk just now at 2857p to go with bigger positions in CRST and TEF. I'm hoping there's a "Pidgley put" underpinning them at this sort of price, given the price of the recent buybacks and the comment on undervaluation in the recent interims: "...future returns can be made by ...share buy the extent the Board believes the prevailing share price materially undervalues the Company..." My thanks to Raffles for his commentary, which I have followed for some time, highlighting the potential valuation anomaly in BKG, brexit fears notwithstanding.
raffles the gentleman thug: London property downturn sees Berkeley target Birmingham High-end builder’s new division to take part in ‘large-scale regeneration’ Luxury London housebuilder Berkeley Group is looking to the English provinces as a source of future growth as the market for high-end properties in the capital undergoes a downturn. It has opened a new division in Birmingham — its first venture outside London and the south-east in more than a decade — as the Brexit vote and tougher property taxes cool prices of luxury London homes. In a market that has been driven higher by international investors, average prices for prime properties in the capital have dropped an average 12.5 per cent since the 2014 peak according to Savills, the estate agent. Gloomy sentiment has pushed Berkeley Group’s share price down by a fifth in the past year, causing it to drop out of the FTSE 100 index in 2016. The new division is a departure from the group’s strategy since 2005 of focusing purely on London and the south-east, although historically it has built homes in cities across the country including Birmingham. “Birmingham is on the rise, with a can-do council that seems keen to encourage development,” said Rob Perrins, chief executive of Berkeley. “We want to bring a distinctive approach to the local market.” He said the new division would develop homes including family housing, affordable homes, luxury homes and student accommodation, using “our expertise in large-scale regeneration”. It will be headed by Angus Michie, chairman of the group’s St Edward business — a joint venture with the Prudential insurance company that focuses on high-end luxury homes, including a flagship development on the Strand in central London. Anthony Codling, analyst at Jefferies, said: “There is a view from some investors that having all your eggs in the London and the south-east basket is a double-edged sword, and it’s swinging one way at the moment. It can potentially be viewed as a negative. “[In the West Midlands] they have identified areas that fit their current product mix and where the demographics are similar to areas they know and understand.” A person close to the company said the Birmingham move did not represent a reduction of its business in London and the south-east, where all of its land bank is currently located. Berkeley’s move comes as an oversupply of new-build apartments in the capital is looming, according to documents from researchers at Molior London seen by the Financial Times. Their research shows that the number of construction starts of new homes in inner London have been higher than those sold since 2012, resulting in an estimate of more than 10,000 unsold units by the end of 2016. Berkeley said in December that its sales reservations had dropped by a fifth since the UK voted to leave the EU in June. It also amended a planned five-year dividend policy in favour of an enhanced share buyback programme to return more value to shareholders. It said most of its recent land purchases had been in outer London and the home counties, rather than the faltering inner London market. The group’s strategies are closely followed in the market, thanks to the reputation of its chairman and former chief executive, Tony Pidgley, who successfully weathered storms including the 2008 financial crisis. The group has also said it will focus on modular construction, sometimes known as prefabrication, and last year launched a house design that can be largely built off-site and then completed on site within 14 weeks. Berkeley previously operated in Birmingham after buying the Manchester-based housebuilder Crosby Homes. Its projects there included the residential elements of Brindley Place and the Mailbox, two city-centre regeneration schemes, but it sold the Crosby business in 2005.
jrphoenixw2: I suggest you go back in this topic to when [2-Dec IIRC] they changed their near-term div policy. Next div will be announced in Feb and payable in March. Div will be net of buy-backs which they'll publish in Feb. They're not going to give a running commentary on the status of buy-back activity as that would undermine it's value as a large but invisible er, 'wand', with which to hopefully give the shorters a thorough shafting. They'll calc the div payment simply by deducting the cost of buy-backs from the regular 100p div. I'm in no doubt they'll provide a forensic break-down for it's calculation. It might not be a one-off, we'll see. Keep in mind that being short, in general, might be considered an expensive gamble. You're 'writing'/paying the div + paying fees to borrow the stock. In addition to that, BKG are now wielding the Great Bear Bashing-stick over them. I would NOT want to be a shorter in the face of that. p.s. One could consider the above as reducing the div in the near-term. I tend to look at that reduction as probably being compensated for by an increase in share price.
phoenixw2: The threat of buy-backs at unknown strike prices creates an unknown/reduced perimeter around the bears playground, or more to the point it caps their potential returns from any downside. Now if you were a bear and short BKG and used those funds to go long elsewhere, you are still having to write fat BKG divs on your short whilst having greatly reduced chances of profiting from a falling share price. It sounds like it is a potentially cunning plan. BKG don't have to do any buy-backs to have already made themselves a relatively unattractive place for bears to loiter. - Couple more days like this and we'd be looking at re-promotion to the FTSE-100. And that would be utter Bearmageddon :) I suspect there'll be some frantic short-covering going on which might move us into re-promotion territory... maybe. This buy-back plan is pretty damned shrewd IMHO...
anley: The price seems to be steady on the basis that there was no news to rock the housebuilders share price. Waiting for the BKG new/results..............that should clear the air for the buyers for dividends and the sellers who are clearing out.
raffles the gentleman thug: Absolutely no turn around in my positive view on BKG or the whole sector excell1 ... if there were I would say. My words were merely a thinly veiled rebuke to the poster who haunts the TW thread and now seemingly the BKG thread too with self publicising comments about his modest gains, and stating the obvious about market movements. The reality is, as you and everyone else knows, the BKG fundamentals cannot be described as "good", since they are the ONLY home builder seeing a continuation of the collapse in new reservations - and I call -20% a big number. But from my perspective that is more than captured in both the current share price and the management's guidance of rolling deliverable gross margin declining from £3.25bn down to the more normalised £2bn plus levels. From here on in, unless the Government change strategy, you invest in BKG for deep value not growth. If you want growth, and are prepared to accept lower dividends and pay a higher premium to book value then you go elsewhere in the sector.
henrylightningbolt: BKG share price has fallen a little over a 100 points since I sold. Should I consider buying back today or wait?
henrylightningbolt: excell1 Berkeley is a FTSE100 share & what I say is unlikely 2 effect the share price. I was only responding 2 a question. I will not post anything negative again of course. If I am in a share I am quite happy 2 hear all opinions positive or negative & news good or bad. Berkely R paying a divi of 200p a year which is an excellent reason 2 hold what ever the share price does short term. Good luck 2 U.
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