Berkeley Share Discussion Threads

[raffles the gentleman thug] 16/2/2017 12:24

Concept of promotion and demotion is somewhat academic given they are gonna payout at least 34% of market cap in four and a half years.

EGM next Wednesday I believe ...

[r ball] 16/2/2017 08:05

Promotion can lead to share price drag as trackers have to sell as well as buy depending on mandate. Happy to be in ft250

[jrphoenixw2] 16/2/2017 08:02

The next FTSE-100/250 reshuffle has a cut-off date of 1st March.
Per my calcs were it happening today 4 stocks would get relegated; Capita, Dixons, Intu, Easyjet. Hence 4 would be promoted; Scottish Mortgage IT, Weir, Rentokil, Smith DS.

As has happened in other recent reshuffles BKG sits just below this promotion band, a/o today missing it by 2 positions in 6th place. Polymetal just ahead in 5th.
FWIW BKGs Market Capn is only 4.5% shy of what would be needed for promotion this time around.

[warranty] 13/2/2017 18:19

Hi fozzyb, look at CAML, no debt, cash in the bank, good, well covered dividend and amongst the worlds lowest cost copper producer. Still undervalued given their assets and future plans. Great news today on their Copper Bay project in Chile.

[r ball] 09/2/2017 20:09

Banks. OML and BARC.

[fozzyb] 09/2/2017 16:57

Hi Gary, very true and I put it on 'gutshot' SPD which yields nothing but time will tell.The problem is as you allude to, where to put the funds to work as alternative? BP doesn't appeal, dividend cover very weak and too much of a play on oil price. Sitting on my hands for now to stop them twitching!

[garycook] 08/2/2017 13:08

fozzyb,You top sliced HSBC and its gone higher.I would leave your money in BKG,unless you can put it,in something better.How about BP ?

[r ball] 08/2/2017 12:53

Yes, could be worth top slicing if you want to crystalise a CGT gain and use against annual allowance.

[fozzyb] 08/2/2017 12:43

Agree on short position looking foolish, but highly tempted to top slice holding here as now at a 6 month high...never feels wrong to take a bit of profit off the table, am i being premature and short termist?

[raffles the gentleman thug] 08/2/2017 12:32

shanksaj ... yep absolutely the 85p would relate only to the impending half year dividend about to be paid. Future half yearly 100p dividends are actually accreted by about 0.5% over the remaining four and a half years of the dividend programme.

Re potential upside to dividend programme I was just making the point that the five year payout is worth £1,390m (inclusive of the impending February dividend). At the time the dividend programme was last updated the company declared its intention to deliver aggregate pre-tax profits of £2bn through to April 2018.

Subsequently guidance was raised last December to pre-tax profits of at least £3bn over the five year period beginning 1 May 2016. So its not inconceivable there could be at least another £500m added to the dividend programme over the five year period which would equate to as much as another 35p half yearly dividend payment on top of the 100p pushing the annual yield up to a best in sector 9.1% at current share prices.

In my view thats precisely why we gonna see £32 plus near term. Anyone still short is frankly a fool

[shanksaj] 08/2/2017 12:18

Thanks Raffles. Just for clarity, I take it you mean for 6 months, not 12 months.

[raffles the gentleman thug] 08/2/2017 11:14

If anyone interested they have so far spent £21.124m on buybacks, meaning £118.146m available for distribution, which on the smaller share base equates to 85p a share. But I continue to expect upside to the dividend programme since payout ratio its rather small respective to retained earnings over the next five years - and that should be an important catalyst to get these shares trading into a new range

[jrphoenixw2] 08/2/2017 09:43

Per my notes EGM 23 Feb, per RNS dated 23 Jan. From that I *estimate* XD 25 Feb.. payable March... likely @ 100p net of cost of buy-backs

[eithin] 08/2/2017 08:20

Date for divi declaration anyone ????

[r ball] 06/2/2017 13:23

Housing out tomorrow

[this_is_me] 02/2/2017 07:56

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.

[dennis russell] 01/2/2017 12:54

1.5M shares now in treasury - £42M - enough for a useful bolt-on acquisition

[raffles the gentleman thug] 30/1/2017 09:54

So far 457,472 shares bought back at cost of £12.967m, theoretically reducing next dividend distribution from £139.270m down to £126.303m - i.e., a net dividend of 91p a share versus 100p a share.

So far the implication of the reduced share count has had only had a negligible impact on theoretical future dividends over the remaining five years of the distribution programme, increasing them by about 0.3%. But my personal opinion is that there remains upside to this dividend distribution plan in any event.

[jrphoenixw2] 28/1/2017 09:01

2820 held up pretty well

[r ball] 27/1/2017 19:42

Buy backs putting a floor on the price.

[fozzyb] 24/1/2017 20:08

Hsbc also boosted by usd dividend and overseas earnings so lot of leg up can be attributed to Brexit FX step

[1gw] 23/1/2017 17:40

Wow. £26.1m each for AWP and RCP. That's going to attract a bit of attention.

Edit: although if I've understood the operation of the caps correctly, most of this will roll forward and may ultimately be lost if they carry on getting "silly" awards.

[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.