Berkeley Share Discussion Threads

[montyhedge] 29/9/2017 11:28

Must admit I can't see how this is trading at a high, they must be doing right.

[jrphoenixw2] 14/9/2017 18:50

Time for the column titled: 'Major shareholdings (taken from website, 28 May 2015):'

to be updated?

[1gw] 14/9/2017 18:20

Know how you feel fenners: if we wait long enough, the market often comes to us...

Announcing the buyback same day now. 220k more shares purchased at 3507p average today. Should be an interesting battle if they continue to fight the trend, and happy to watch from the sidelines for now.

[fenners66] 14/9/2017 15:36

now even my sale is starting to make sense

[this_is_me] 14/9/2017 14:28

It looks like I sold out at a good time. I will be happy to buy back in if the share price goes way down. It was a frustrating decision as the company is still undervalued but holding just became too much of a risk as the share price seems to be heading down.

[fenners66] 13/9/2017 16:07

I agree the certainty of a dividend stream after the rise in share price is more important than fighting back the tide of sellers taking profits - by all means recommence the buybacks below £30 but above all use some shareholder nouse.

[jrphoenixw2] 13/9/2017 11:59

Quite/agreed. I was for it when the plan was to squeeze out the post-BREXIT shorts. Short-term pain for long-term gain.

But with it due for promotion>FTSE-100 effective this weekend, I'm now wondering if the policy is to combat the risk of it getting re-demoted at the next reshuffle in 3 months time.

The SP, broadly speaking, seems to have limited upside from here [x-ref Director sales], and the div due Friday is half what it might have been.

It's messy and I don't need the drama...

[pj fozzie] 13/9/2017 11:11

Totally agree with you jrphoenix - I've been unhappy with the buy backs since they started. I thought that the intention was only to buy back while the stock was clearly undervalued (in my book that was sub £30) - which although I'd have preferred the dividend, I can kind of understand the logic. But buying back at the current share price is just exceedingly irritating.

I hope they put a stop to it soon and return to actually giving the shareholders the money they promised to return to shareholders - that way I can decide for myself if the share price merits further investment.

Cheers,
PJ

[jrphoenixw2] 12/9/2017 09:26

Directors sales tank the stock, sectorial+behavioural read-across?

Meanwhile an RNS from BKG this morning, more buy-backs, +137k @ 3548>3589, average 3566.85, the whole lot above where the share price is now, our div p'd up the wall for no gain.

[r ball] 12/9/2017 08:22

Read across from RDW today?

[fenners66] 12/9/2017 00:07

>Well f66 did you put the cash from your early sale into CLLN?!

Ha ha as if !

I wouldn't even touch them with your bargepole....

[jrphoenixw2] 11/9/2017 20:05

I'm uncomfortable with the spectre of board sales jeopardising my future boring/stable but dependable retirement portfolio income, so I will be trimming away out of this stock.
Perhaps 3600p>3625p, the latter the highest buy-back level to date, is the best we can expect any time soon, if Pidgeley will take a discounted 3575 'in size'.
Either way I'm not ok with having one or two insiders with privileged knowledge being the tail that wags my dog.

[this_is_me] 11/9/2017 15:37

Well f66 did you put the cash from your early sale into CLLN?!

I think that most people are not that bothered if our ancient, well healed, big boss is cashing out preparatory to retirement, in favour of making IHT friendly moves, in a way that doesn't cause the share price to tank. I don't begrudge him anything given the amount of profit I am sitting on in BKG shares.

I don't think that the shares are fully valued at current levels; that is not to say that I wouldn't sell if I thought that the share price was going to fall.

[fenners66] 11/9/2017 14:44

The argument is that you can create your own dividend by selling and repurchasing... like I failed to do!

[jrphoenixw2] 11/9/2017 10:29

Not beneficial to the div payable Friday, reduced by 48% as a result of supporting the sales price for directors?

[warranty] 11/9/2017 08:56

Well to be fair jr you also had the opportunity to sell as well. The buybacks seem to have been beneficial recently so I'm not complaining and won't be selling any either.

[jrphoenixw2] 11/9/2017 08:17

RNS out this morning:
'Date of transaction: 8 September 2017
Number of Shares purchased: 180,000
Highest price paid per Share: 3600p
Lowest price paid per Share: 3530p
Volume weighted average price paid per Share: 3567.6678p
Following the purchase of these Shares, the Company holds 3,953,541 of its Shares in Treasury and has 136,203,642 Shares in issue'
[Cost £6.422m]

6/9 AGM 'Move along nothing to see' cob@3657
7/9 cob@3700
8/9 RNS a/o 7/9 re: Pidgeley's -750k sale @ 3575, cob@3573
11/9 RNS a/o 8/9 buy-backs from 3530>3600

You might be forgiven wondering if the buy-back scheme was devised to support director share sales.

[fenners66] 08/9/2017 21:24

At this rate they will make my too-early sale look good

[tanelorn] 08/9/2017 16:48

What for all three.

[r ball] 08/9/2017 15:04

Tax bill looming?

[bluemango] 08/9/2017 09:46

I'm out. Big warning flag from Pidgley imo.

And while not against the share buybacks in principle, I've been uncomfortable with the increasingly large proportion going to this rather than via the dividend.

It's been an interesting ride over the last 18 months or so. Good luck all.

[swedeee] 08/9/2017 09:13

Both sells^

[jrphoenixw2] 08/9/2017 08:05

Couple of big 'Director's trades' on 7th Sep
Tony Pidgely -750k @ 3575
Vanessa Perrins -500k @ 3575 (Wife of the Chief Exec)

[this_is_me] 06/9/2017 19:20

That still leaves me up almost £20 a share, not counting dividends, on my largest holding. I'm still impressed.

[jrphoenixw2] 06/9/2017 11:19

At the current rate of pay-out, c52p/semi-annual, today's open at c100p down is one years div lost in a single morning.
The market is NOT impressed.