Well this is all gloom & doom at the moment. Starting to look like BKG may be risking losing it's FTSE100 status again. Fortunately everything else around it is also doing poorly - even so, there are only three companies below it in the 100.
Thoughts anyone?
Cheers,
PJ |
....time to filter the pratt... |
Time to buy this dog, woof woof |
Nothing is heading sub 20, the stock has come down from £43. This is your pullback. STRONG BUY |
Buy backs a waste of time, always seems to be done at worst point as well, BLND did the same thing. Better off giving it back to shareholders, the money used in buy backs just gone up in smoke as usual. Perfect storm for London/SE property, years of inflation coming to an end, now the brexit fiasco, tightening money and credit, rising rates, a credit junkie population with reality about to hit, unemployment reasonably low, for now, but the jobs poorly paid with no real wage growth as UK has high inflation. I bought into these at about 17/18 so have had a good hit but am selling today, these could well be heading back sub twenty, the UK property gig well and truly over. Ftse a useless index for growth, below where it was twenty years ago, dividends only. |
The stock is a strong buy. |
SO the share price has fallen and so has the dividend per share .....
Perfect outcome for the money spent on buy backs then..... NOT.
How much money has been wasted allowing non supporters to exit ? |
£33 BKG, STRONG BUY |
Police investigating and supposedly there was another incident last year....
One would have thought a large HSE fine incoming and compensation for the victim. |
It seems that the window which fell from a block of flats and killed someone 250 feet below was from a block recently completed by BKG. |
So buy then if you're that sure ttid, but since London prices were/still are silly, there looks a good deal more downside to come. The top end properties BKG build are the ones most likely to suffer and it won't be a temporary thing, so like I said earlier, under £30 is my new buying area. |
STRONG BUY |
London still has a massive housing shortage, even with Brexit, London needs more homes. Shares in Berkeley are undervalued right now. STRONG BUY at £35 |
BKG is a quality outfit but will have to operate in a falling London market. I shudder to think how much property is going to be frozen under the new Unexplained Wealth Order.
So much dirty money got channelled into London Property and although I’m no fan of TM I think it’s great action is now being taken. |
I looked at the fall this morning and thought is it Thursday already ? It looks like the sort of fall you get Ex-div - but then they have cut the divi anyway, its not a Thursday and its not the divi.
So what then? Any RNS - no.
Bloomberg tells us it is the plan to introduce higher stamp duty for overseas buyers.....
Just goes to show - how the "All other things being equal" statement always applies - the last year's worth of buybacks now firmly established as overpriced waste of time and do not benefit remaining shareholders. |
Put the blame where it belongs. Carillion and their 'respected' auditors. |
£35 was too cheap, good to see it rising. Stock is still undervalued. STRONG BUY below £40 |
Well the builders have had it good for a long while now and the silly multiples of earnings given by lenders have done nothing but force house prices up, especially in the South East. I sold out at £42 and won't buy back until it's under £30 again. I agree with fenners that buying back shares at high prices rather than distribute as dividends seems counter productive. If as I do, you hold shares for income, the current payment seems rubbish at the moment and certainly not enough to encourage me to buy back in with a potential market drop on the way. |
These “restrictive” limits are there to protect borrowers.
If BKG are calling for a debt-fest, perhaps they fear the party is all but over.
“restrictive income multiple limits on mortgage borrowing” |
Buybacks started in January 2017
So almost 12 months now of buybacks were at on average higher market price than today - how many extra millions has that cost and how have today's shareholders benefited from that extra spend ?
What would the share price have been with a higher yield instead ? |
 33p dividend - pathetic !
I bought these for an income share a few years ago - and I am so glad I sold them !
They talk about returns to shareholders because of the buy back .
So if you are a share holder that sold to them on the market does that mean you are still getting a return still classed as one of the shareholders that is getting a return ?
But of course you do not know whom is buying your shares - you are just like I did bailing out - a now non-shareholder as every other seller on the market.
Sure - All things being equal - there are less shares and EPS may rise
But guess what - ALL things are not equal - when did a company ever report an identical result ?
Now analysts are forecasting a decline in earnings - so all the shares repurchased at inflated levels will be overpriced as they could be bought cheaper already and arguably for much less next year.
On that basis you could say the false demand created by the buy backs artificially inflates the price "on the day" and disadvantages real shareholders that buy the same time.
Then when that demand subsides they are left with standing paper losses on their investment - some way that to reward the new loyal shareholders !
DIVIDENDS - reward shareholders for being SHAREHOLDERS - not selling and running after the next quick buck! |
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