Too much “government221; as this part of statement sums it up:
“In essence, this is a market that lacks urgency and London remains constrained by high transaction costs, restrictive income multiple limits on mortgage borrowing and prevailing economic uncertainty, accentuated by Brexit. These headwinds affect all segments of the market from home movers to downsizers and investors alike. A functioning housing market, where good new development can deliver much needed additionality across all tenures, requires conditions for growth and low barriers to entry which are currently absent from the housing market in London and the South East.” |
CEO's statement at the FY results.
Guidance can change, so see what they say tomorrow. |
only reason there will be a bounce due to brexit will be the £ falling even further...
EI where are you hearing that fall in EPS? |
BKG is oversold (again), brexit fears bringing down ANYTHING related to the UK. I suspect a massive bounce once we leave the EU (without a deal ofcourse) and the economy hasn't collapsed. |
It's a fantastic company as long as Tony is around. |
Looks high to me too EI and I'll look to buy these under £30 mindful of the 8M+ shares bought back. Still a good company long term but plenty of downside first methinks. |
Consensus approx a 32% fall in EPS for the next full year.
SP looks on the high side to me. |
BKG is a buy right now, this Brexit fear mongering is driving the price down. The economy is fine, and it will be even stronger after Brexit. £35 is cheap, BKG will be trading over £50 this time next year. |
Not sure about that "this-time" don't forget it went up from around the £25 mark when the dividend was £1 whereas it's next payment is only around33p. Buying back shares worked overall but with the London market slowing and potential Brexit issues hanging over us I'd be inclined to see what happens on the trading statement before jumping in at £36. |
reason behind the fall? |
Surely £36 is a good entry point, since it has come down from £43. |
Caveat.
Chairman and CEO have sold £100m + of Berkeley shares in last year
See full article
hXXp://www.thisismoney.co.uk/money/markets/article-6074377/Housebuilding-barons-sell-shares-worth-300m-fears-mount-property-market.html
ALL IMO. DYOR.
QP |
In what country? |
Dividend down to 33.3p. If replicated it now means yield is under 2 per cent. I know we have the buybacks but I just prefer the sensation of cash hitting account. |
Don't know about Berkeley, but I play golf with a developer he said his not building anything over 1 million now. Just to hard to sell anything over, in fact reducing prices on 3 million pound properties his built. Stamp duty a killer. |
There is a 2.8% short position in Berkeley by 4 funds. Any views? |
Dividend will be announced on 16 August. They take market purchases of shares into account up to that date.
£32m currently bought but they will probably buy big up to 16/08/18, |
Just looked up the results presentation - still no mention of any actual dividend p/share - all vague references to "returns" either by way of dividend or buybacks .... |
In the results even the company are claiming they have peaked and the market outlook is looking difficult so it's no surprise the share price is falling. This is still a very good buy long term but I see further falls short term and certainly no reason to rush to buy or add. |
Guided up but sentiment is poor. Strategy is sound so the concertina company is down sizing and refocusing outside London as highlighted about 2 years ago. You have got to hand it to them though. For those who bought when the price was £8 you have made 500% on your money. |
Dividends p/share ? |
Anyone read the results ? |
Yes, bkg's newsflow is poor which make them a target for shortest. |
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