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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
  265.00 5.73% 4,889.00 4,881.00 4,887.00 4,885.00 4,640.00 4,658.00 633,766 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 1,920.4 503.7 324.9 15.0 6,141

Berkeley Share Discussion Threads

Showing 3126 to 3148 of 3425 messages
Chat Pages: 137  136  135  134  133  132  131  130  129  128  127  126  Older
DateSubjectAuthorDiscuss
30/8/2017
12:32
On one level I can see what you mean. Buying back, putting the shares into Treasury and cancelling them does not alter the value of the company. Perhaps buy-backs have the secondary result of making a stock relatively more attractive, if it's regarded as having a form of underpinned price; and that helps raise the market capitalisation? I'm second guessing myself now... ah well, not long to wait to find out! Mentioned earlier, the current version of the FTSE-Russell 'Ground rules' ftse.com/products/downloads/FTSE_UK_Index_Series.pdf And a second sub-policy re: the impact of corporate events vs the reshuffles ftse.com/products/downloads/Corporate_Actions_and_Events_Guide.pdf
jrphoenixw2
30/8/2017
10:22
jrphoenix, Re: buying your way to promotion - surely that should have no real impact. The reason a share would go up in value due to a buy back, would be because there are less shares now available. To buyback into the FTSE 100 would be impossible. Cheers, PJ
pj fozzie
30/8/2017
09:15
Thank-you again jr. I held with confidence through the referendum - as no matter in or out, folks need places to live - it is just a question of how big a house each buyer can afford...IMV If anything, for that reason, I expected new housing company sp's to go up, as the safe port in the storm. I was way wrong short term as we know.. but happy my long term belief is justified. Surprised to see today HSS sales (which I assume=rental income or turnover, not sales in true sense)are down and profit warning issued. Putting a positive twist on that, it could be that more small independents are now working directly for the big builders, who carry their own equipment. I have no conviction in that.. just an idle thought.
dr_smith
30/8/2017
08:50
That's it Dr-Smith, I share your ping-pong analogy; that's avoided by having the 90th and above, and 111th and below hurdles. It adds another dimension* to the promotion/demotion stakes and hence you get some misinformation and uncertainty in the media until the LSE Notice of Rebalance is issued post-close tonight. This from this morning, you'll see that they are clearly not quite sure yet if BKG is getting promoted www.everyinvestor.co.uk/2017/08/30/who-will-fall-out-of-ftse-100/ 'Possible promotion to the FTSE Is housebuilder Berkeley set to bounce back to the FTSE 100 a year to the date that it was relegated to the FTSE 250? It appears so as the group is currently in prime position to return to the UK’s largest index. The shares dropped 30% after the EU Referendum last year as demand concerns hit. However, it appears faith has been restored. Courtesy of greater cash flow and an improving sentiment for house builders , the shares have rallied and are now trading at better than pre-Brexit levels. Furthermore, investors recognise that the yield is attractive and a special dividend programme has undoubtedly attracted some positive attention.' * There are other ground rules that can further complicate it too. You can find them all in the official FTSE-Russell methodology. IIRC one is that any impact of shares bought-back in corporate actions during a set period of time pre the revaln cut-off are excluded - ie a company can't simply buy-back it's way to promotion.
jrphoenixw2
30/8/2017
08:27
Thank-you jr. I wasn't aware of the overlap rules, but they make sense to avoid pointless short term ping pong moves.
dr_smith
30/8/2017
08:22
An interesting fin analysis of BKG vs it's peer group www.capitalcube.com/blog/index.php/berkeley-group-holdings-plc-undervalued-relative-to-peers-but-dont-ignore-the-other-factors/
jrphoenixw2
26/8/2017
08:49
@This-is According to my notes on XD 24/Aug, for 51.79p, shares were -3p to 3683p. So they were down on the day, but then another perspective is they were up a net of 48.79p on the day if including the div entitlement. Volume recently has been low, but then volumes generally are in the typical deep summer lull. However on Monday through Thursday volumes in BKG were somewhat above average [Mon 129%, Tue 137%, Wed 117%, Thu 131%] before resuming the long w/e doze on Friday [80.5%]. Despite the Friday Zzzzz someone was buying, as it was +15p/+.41%>3698p, despite the FTSE100/250 both ending slightly negative on the day.
jrphoenixw2
26/8/2017
08:36
Dubious about positive effect on share price of buybacks. Would much rather have cash in hand with full divi. Buying a few percent has minimal effect on earnings per share. Hard to dedect effect on share price of buying back?
ganthorpe
25/8/2017
17:22
Ex div yesterday
r ball
25/8/2017
16:24
Shares went ex div and went up.
this_is_me
24/8/2017
01:53
Another reduction in Odey's short position, now down to 0.81%, the third reduction in their short since June.
bluemango
21/8/2017
13:57
BKG is top of the FTSE-250 (Mkt Capn)@ 5.055Bn, would put it at 93rd in the FTSE-100 (a/o now). Next reshuffle valuation cut-off, post-close Tuesday 29th. Afterthought: I'd forgotten that the share goes X/D on 24th for 51.76p. With about 136mm shares in circulation that suggests -£70mm off the market capn, pre the reval cut-off. Hmm...
jrphoenixw2
17/8/2017
15:01
Nice, 3908. FWIW - Think it's a reiteration [of their buy] up from their previous target of 31-May of 3604.
jrphoenixw2
17/8/2017
14:02
BKG,Raised to buy by Deutsche Bank with a 3908 PT
garycook
17/8/2017
10:10
They need to get to 90th in the FTSE ranking to get automatic entry don't they? I use the UK Stock Challenge spreadsheet as a guide - go to the "FTSE Ranking" tab. As of 28th July, BKG was some way off 90th place, but looking at today's market caps I think they're neck and neck with Micro Focus which was in 90th position on 28th July. Haven't checked how the stocks in between have moved though. hTtp://www.stockchallenge.co.uk/ It could be that it's close enough now that some FTSE100 index funds are buying it (and maybe some FTSE250 funds are selling it) in case it does make it by the cut-off date. So maybe a net boost from this activity.
1gw
17/8/2017
08:45
£42!? WTH was paying that? Perhaps someone put in a buy at MKT order and there was no offer-side below £42 :) Maybe I should put a GTC sell-order in around there to catch any future dopey early-birds, and let them peck away at it. - Earlier this morning we were c£50mill behind Smith-DS at 2nd/1st at the top of the FTSE-250. That's now shrunk to £18mill. [/136mm shares in issue, if SMithDS stands still, it just needs another +13p to pass it and lead the FTSE-250. Of little consequence in itself I know...]
jrphoenixw2
17/8/2017
07:33
At 8am BKG were showing £42 on the pre-market Auction.Thinking of selling,but what can you buy in its place ?
garycook
17/8/2017
07:24
I was wondering what they were going to do re: the buy-back programme. Could they ever announce it's over, and what impact might that have on the SP? Perhaps it would give the shorts a clearer line in the sand to work against? Maybe announcing it's continuation, even if they don't intend to use it, is the only thing they could do? They can't broadcast their buy-back range, the uncertainty has a value itself [vs shorts]. I don't know, and would be interested in others' thoughts. Are they targeting a specific share price, some other derived value metric, re-promotion? But perhaps on this too, the uncertainty has it's own value.
jrphoenixw2
17/8/2017
07:01
Opened [first print] 3708 +14p ...and pushing on... 3716, making a new 52wk high -and FWIW/in passing, Ex-divs are due to take 9.65pts off the FTSE-100 open this morning...
jrphoenixw2
17/8/2017
06:51
@1GW - yep I edited/added that qualifier into my recap^, interesting change eh? I hope Odey etc are feeling that warm glow of the vomit rising this morning ;) Cheers Gary. A friend of mine also holds them and every few weeks he has the time/patience to forensically follow all the RNSs re: funds paid out in buy-backs, so the foundations of my earlier estimate were built on his work. [Bless him :)]. Going to be veeery interesting to see where they open this morning. A/o last night they were still in 2nd spot in the FTSE-250, well positioned for promotion. As is, today, I suspect promotion is on the cards. And if so perhaps the Board will get their 'fair value' without spending more of our next div?
jrphoenixw2
17/8/2017
06:42
It looks like some shareholders have complained about buy backs at current levels. I do not see any advantage in share buy backs at the current share price.
this_is_me
17/8/2017
06:36
JRP, Spot on with your forecast.Well done.Do you work for BKG Ha Ha Ha.FTSE 100 here we come !
garycook
17/8/2017
06:32
Good estimate on the divi jrp. Note the mission creep in the last sentence of the rns: "not only when the shares are materially undervalued".
1gw
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