Berkeley Share Discussion Threads

[fenners66] 23/1/2017 15:12

Daily Mail website running a story on Berkeley building homes pre-fab and reducing build times by 19 weeks , if that works then good news.

[garycook] 23/1/2017 14:37

See the Buy back,s are starting to support the share price up over 2% today.BKG purchased 116,800 shares on Friday,and looks like more today.The same thing happened at HSBC when the share price was 420,and they started there Buy back program.Now 670.

[warranty] 23/1/2017 11:05

So between now and the next update/div announcement, we potentially have the Article 50 triggering, which could have a negative effect on the share price Certainly not good for ourselves as holders now but longer term would it be positive for the company to pick up the extra shares via a buyback?

[garycook] 23/1/2017 08:47

Market seems to like it !!!

[garycook] 21/1/2017 00:25

I would assume BKG will be doing Buy backs on Monday.If so the share price will recover.

[raffles the gentleman thug] 20/1/2017 13:17

Thx for your kind words 1gw ... I am still rather optimistic and very much a holder here, as frustrating as that is on days like today.

[raffles the gentleman thug] 20/1/2017 13:17

Thx for your kind words 1gw ... I am still rather optimistic and very much a holder here, as frustrating as that is on days like today.

[garycook] 20/1/2017 10:16

1gw,Fair play.

[1gw] 20/1/2017 09:44

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 backs...to 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.

[curriedquaker] 19/1/2017 10:53

Another RNS tomorrow? Looks like 2860p is the trigger point for BKG to buy back there own shares. These who are short now know what the figure is...beware.

[curriedquaker] 18/1/2017 15:46

Will we see another RNS tomorrow with another small tranche of shares being bought back. It would appear that parcels of 20k to 40k will be bought on a regular basis if the share price drops below a certain level, but small amounts will have little impact on overall dividend unless there is constant buying or bigger tranches.

[jrphoenixw2] 18/1/2017 07:59

Thx^ - so final cut-off for the Q1 reshuffle 1-Mar, changes effective 20-Mar.

[w1ndjammer] 17/1/2017 15:21

the next test will be 3000

WJ.

[curriedquaker] 17/1/2017 10:39

Wouldn't surprise if BKG don't buy another tranche of its own shares soon. Last week's purchase was at an average of 2877p, with the share price at around 2800p I think they will be tempted to buy more very soon. We may not get all of the £1 dividend.

[raffles the gentleman thug] 13/1/2017 15:15

Whatever Phoenix ... but given they are announcing the dividend in February and they have only bought back 25k shares and then only on a down day when the shares were trading off 2% I don't consider using a paltry 720k of cash is going to make a dent in the £138m or so of proposed dividends they have already indicated - so to remotely jeopardise this dividend in any meaningful way they are gonna have to active in the market on up days as well as down days and probably each and every day.

With dividend i do not know whether announcement is early Feb or late Feb, since they gave no indication, but I would be surpised if we have to wait until April for ex-date.

[jrphoenixw2] 13/1/2017 10:45

Per Stockopedia:
'Monday 20th March, 2017 (estimate)Berkeley Group Holdings PLC Trading Statement Release'

BKG typically goes X/D 2 weeks [+/- 1>2days] after a set of results are announced.
That would make the next X/D circa 3-April. 80 days, 11.5 weeks, vs raffles^ 'a few weeks'. Oh and raffles is incorrect in a second way, this time the typical £1 div will be net of any funds used in the buy-back programme.

[raffles the gentleman thug] 13/1/2017 10:16

Yep and another £1 dividend coming off shares in a few weeks too ....

[mister md] 13/1/2017 09:24

BKG looking a lot stronger than some were expecting ;)

[r ball] 13/1/2017 08:43

Purchase today.

[jrphoenixw2] 11/1/2017 12:44

The building/building services sector got clobbered as a whole this morning, on the back of the Construction Output data release. If you look at how the data breaks down however IMO housebuilding looks ok. The weakness is in corporate and industrial build/services. But presumably there was read-across over the entire 'building etc sector'.

BKG perhaps wasn't helped by the lousy results from Foxtons this morning. The latter, London-focused, hence disproportionately hit by stamp-duty hikes and also recent negative changes to the tax-treatment of expenses on buy-to-let.

The buy-back is confusing, agreed. But I think that is part and parcel of the way in which it should ultimately help. If it were transparent, or came with a running commentary, it's threat to the shorters would be severely watered down.

ps. I think it'll be very interesting in the next results [or perhaps it'll be later, IDK] to see how any buy-backs were carried out.

[raffles the gentleman thug] 11/1/2017 12:00

Thx Phoenix - trying stock to own sometimes huh.

Much as I love TW, I am finding it a little tough to justify this £1.7bn premium TW trades on relative to BKG when both make similar money and the BKG guidance on dividends is of longer duration and relative value than that of TW - I think 35% of the market capitalisation over 5 years versus 22% over three years for TW.

I remain confused though with regard to the share buyback. Is this going to happen or not I wonder ...

[jrphoenixw2] 11/1/2017 07:41

This is the document detailing the reshuffles for 2016 and all the various cut-off dates. hxxp://www.ftse.com/products/downloads/FTSE_FAQ_Document_UK_2016.pdf

I can't [yet] find the equivalent doc for 2017, but in it's absence perhaps extrapolating dates a year forward will give a ballpark indication.