Share Name Share Symbol Market Type Share ISIN Share Description
Berkeley Group Holdings (the) Plc 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
  7.00 0.15% 4,556.00 4,558.00 4,561.00 4,592.00 4,478.00 4,500.00 517,755 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 2,957.4 775.2 481.1 9.5 5,977

Berkeley Share Discussion Threads

Showing 2776 to 2796 of 3325 messages
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DateSubjectAuthorDiscuss
14/3/2017
16:06
I've bought a third tranche just now at 29.59. Feels close to share buyback price again and I'm hoping for great things from Friday's TU. Apart from the specifics of the BKG situation with the cash generation and the comments on undervaluation, I think the Bovis situation has legs in terms of perhaps scaring out some of the short positions scattered around the housebuilder sector. So Article 50 notwithstanding I'm hoping for a bit of a squeeze higher and now have housebuilders at over 20% of my portfolio.
1gw
14/3/2017
15:56
Phoenix ... it might be worth looking up last years RNS from 18th March 2016 which will give you an idea of what to expect. They should maintain their recently increased guidance of £3bn of pre-tax profits and give an idea of reservation and cancellation rates. I imagine they will guide to upper end of forecasts on profits, since to attain a cumulative £3bn involves them achieving CAGR of around 8% at pretax level last time I looked - but in all probability some of this might be more front end loaded given reservations made in 2013 and 2014. But generally should be positive announcement. They may say something on the dividend programme or may wait until later in year.
raffles the gentleman thug
14/3/2017
12:33
I was trying to figure our what to expect from the Trading Update due on Friday. Or more to the point trying to remind myself what a Trading Update is, what gets announced. From what I see it's a like mini semi-annual AGM. Just in case anyone is similarly wondering, here is a summary of what was discussed at the previous one in March-16 http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1458285544010747900.html
jrphoenixw2
13/3/2017
13:34
Strikingly vertiginous +20p, 2960-2980, between 12.30>1pm. Someone went in in size... that said volume at 1.30pm seems lower average @ 'Vol/Avg 306,888/690,394' Added: following the Time/Vol on Yahoo/Finance suggests the rise was on the back of just 16k of purchases. So maybe instead of buy-backs, the offer-side simply evaporated.... ho hum
jrphoenixw2
13/3/2017
10:56
Yep, you're probably right, the 12-Mo Target Px will likely show up on DL in a couple of days. What stood out was the frequency of DBs reiterations, 4-Jan, 16-Jan, 8-Feb with another this morning. Friday is going to be veeery interesting. London is holding up very well so forward sales should be good. And either BKG have stated uses for their higher forward profits, or they have to hike the divs. But we'll see. What with a possible triggering of A50/BREXIT [Tue/Wed?], Dutch elections [Wed], an expected FOMC hike [Thu] and BKG updating on Friday it's an interesting week!
jrphoenixw2
13/3/2017
10:32
Hi phoenix ... I think Deutsche is doing nothing more than reiterating their long held stance on the shares. Trading update should be solid, though anyone's guess whether their upgrade the dividend programme - they last upgraded it fourteen months ago in December 2015, and since they have materially extended their earnings guidance and duration. I continue to believe its cheap relative to the pretax earnings they are set to book through to 2021, and cheap relative to the whole sector on that same analysis.
raffles the gentleman thug
13/3/2017
04:03
U.K. House Prices Rise Fastest in a Year as London Rebounds https://www.bloomberg.com/news/articles/2017-03-13/u-k-house-prices-rise-fastest-in-a-year-as-london-rebounds
raffles the gentleman thug
12/3/2017
17:33
It gets better, I hadn't realised Bovis is being pursued by two suitors... 'Bovis Homes is at the centre of £3bn bidding battle after spurning competing merger offers from rival housebuilders Galliford Try and Redrow. Shares in Bovis are expected to surge on Monday after it emerged the troubled construction firm has been courted by two suitors. The FTSE 250- listed company, which is currently without a chief executive and is led by chairman Ian Tyler, is holding talks with Galliford, which has already made an all-share proposal that Bovis spurned for being too low. At the same time, Bovis said it had also rejected a cash-and-stock offer from Redrow, the listed housebuilder that is 40pc controlled by founder Steve Morgan.' [Telgraph]
jrphoenixw2
12/3/2017
10:54
Out of interest BKG market capn [4,105Bn] puts it in 5th position in the FTSE-250. It also makes it larger than the bottom five in the FTSE-100. re: potential raising of div guidance [per RT comment^] - Friday's trading update could be interesting.
jrphoenixw2
12/3/2017
10:07
I got a couple of thoughts here: 1) I would have thought Bovis is gonna find it hard to resist any approach from Redrow given its recent struggles and shareholder antipathy toward it, e.g., from the likes of Schroders; 2) its undoubtedly going to help support sector valuations; and 3) I think its only a matter of time before we see more corporate action from the Chinese in the sector if valuations remain as modest as they are. And I think if this does happen BKG is gonna be the prime asset to buy. Re BKG its still undoubtedly too cheap, and I believe it still needs to raise dividend guidance quite substantially
raffles the gentleman thug
12/3/2017
09:19
I would imagine this will take sorting out. Hardly in the same market place as BKG. Sector confidence and read across though may underpin valuations. Expecting tick up on Monday?
r ball
12/3/2017
01:44
Redrow swoops on ailing house builder Bovishttp://www.thetimes.co.uk/edition/business/redrow-swoops-on-ailing-house-builder-bovis-qp65qxg5l
raffles the gentleman thug
10/3/2017
14:30
Yep, I take your point RT... I note that three days [so far] this week they've been paying up to 2950 And it could be the turn-around from c9.50am this morning [when it dipped to c2930] was more purchases... ---- 7th March [ie notified 8-Mar] Date of transaction: 7 March 2017 Number of Shares purchased: 134,861 Highest price paid per Share: 2950p Lowest price paid per Share: 2922p Volume weighted average price paid per Share: 2938.4277p ---- Date of transaction: 8 March 2017 Number of Shares purchased: 121,523 Highest price paid per Share: 2950p Lowest price paid per Share: 2922p Volume weighted average price paid per Share: 2937.7285p ----- Date of transaction: 9 March 2017 Number of Shares purchased: 118,319 Highest price paid per Share: 2950p Lowest price paid per Share: 2923p Volume weighted average price paid per Share: 2941.6254p Broker: UBS The Company intends to hold the purchased Shares in Treasury. Following the purchase of these Shares, the Company holds 2,229,014 of its Shares in Treasury and has 137,928,169 Shares in issue (excluding Treasury Shares).
jrphoenixw2
10/3/2017
07:05
Another 118,319 shares bought back for £3.5m or an average of 2941p. Bringing share count under 138m. They are not messing about here - in fact this has to be one of the more aggressive buyback programmes I have seen
raffles the gentleman thug
09/3/2017
08:25
Yeah but looks like UBS working a mandate for them to buy no more than 15% to 20% of days volume which is probably a more sensible strategy, and today is a weak day in the market - albeit largely commodity induced.
raffles the gentleman thug
09/3/2017
08:11
I'd have thought the buy-backs wld create some element of price floor, but here we are [2920p@8.09am] below the lowest px paid yesterday...
jrphoenixw2
09/3/2017
07:25
Interesting to see they're paying up to 2950 again, right around yesterday's intra-day high. --------------------------------------------------- Date of transaction: 8 March 2017 Number of Shares purchased: 121,523 Highest price paid per Share: 2950p Lowest price paid per Share: 2922p Volume weighted average price paid per Share: 2937.7285p Broker: UBS The Company intends to hold the purchased Shares in Treasury. Following the purchase of these Shares, the Company holds 2,110,695 of its Shares in Treasury and has 138,046,488 Shares in issue (excluding Treasury Shares).
jrphoenixw2
09/3/2017
07:08
Another £3.6m spent buying 121,523 shares at average 2938p bringing buybacks this period to £14m and share count almost down to 138m
raffles the gentleman thug
08/3/2017
11:54
I just found this article by chance, it's long and deeply/financially detailed but might be of interest to those who get into the detail of BKGs year-on-year accounts. http://seekingalpha.com/article/4037412-berkeley-group-party 'Berkeley Group: The Party Is Over'
jrphoenixw2
08/3/2017
08:09
Quite. I would suggest target price of £45 gross of dividends.
r ball
08/3/2017
08:05
I'd be happy with that Gary. So far they have spent £10.344m on buybacks in this interim period, which reduces the dividend distribution from £139.270m to £128.926m. But the good news is that because the share count is down the nest distribution payment (assuming no further buybacks) is currently 93.3p. Personally I remain of the opinion there is significant upside to the dividend programme in any event
raffles the gentleman thug
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