Berkeley Share Discussion Threads

[robertball] 15/11/2019 12:45

How much is being slotted today?

[rnbf] 31/10/2019 10:19

BKG Berkeley Group Price too high now
Price looks too high that’s why the board and particulars Mr Pidgley (founder) have taken advantage of the peak to sell down substantial holdings.
If Mr P (young 72 yr old) were to leave the business it would lose one of its main driving forces.He is very good at reading the market. 2019 results incl over over £150m ( 20% net inc) associate profits which tend to be project based and possibly not sustainable.

the land bank may not now hold the same level of unrealised gain going forward.

With increasing profits over last three years the market price believes the rise is sustainable which i doubt so a price range
of 3200 - 3800 is possible and 3800-4200 likely over the next 6 months.

[rnbf] 31/10/2019 10:18

BKG Berkeley Group Price too high now
Price looks too high that’s why the board and particulars Mr Pidgley (founder) have taken advantage of the peak to sell down substantial holdings.
If Mr P (young 72 yr old) were to leave the business it would lose one of its main driving forces.He is very good at reading the market. 2019 results incl over over £150m ( 20% net inc) associate profits which tend to be project based and possibly not sustainable.

the land bank may not now hold the same level of unrealised gain going forward.

With increasing profits over last three years the market price believes the rise is sustainable which i doubt so a price range
of 3200 - 3800 is possible and 3800-4200 likely over the next 6 months.

[bamboo2] 24/10/2019 18:44

Residents on two housing estates where blocks of flats burned down have been left at risk because of fire stopping measures in buildings being "missing or useless", the BBC has been told.

A block built in Worcester Park in south-west London by the Berkley Group burned down in September.

[lancasterbomber] 11/10/2019 13:18

All time high

[robertball] 05/9/2019 12:32

Steep rise today...reporting tomorrow

[philanderer] 29/8/2019 09:42

Peel Hunt 'add' tp 4020p up from 3790p

[philanderer] 25/8/2019 20:46

Questor: canny building firm that knows how to profit from the housing market’s cycles

[red5] 01/8/2019 17:13

would berkley group be ripe for a take over from americans?

[red5] 01/8/2019 17:12

would berkley group be ripe for a take over from americans?

[robertball] 29/7/2019 08:27

£44 anyone?

[robertball] 29/7/2019 08:14

Jeffries????

[pj fozzie] 19/6/2019 13:16

And no signs that they are letting up in the buy back program. I want my dividends back :-(

Cheers,
PJ

[dr_smith] 19/6/2019 08:39

Final results, outlook...with no outlook.
What a load of words that say nothing, just statement of where they are.
-----------
Outlook


The operating environment has been uncertain for three years, since the United Kingdom chose to leave the European Union, resulting in a lack of visibility in the political outlook. When seen alongside the increasing property tax burden since 2014, and a complicated, costly and bureaucratic planning system, it is unsurprising that both demand and supply are constrained at present. Businesses are used to, and indeed thrive on changing economic and commercial conditions but they do need a supportive and stable political and regulatory environment to invest with confidence and stimulate growth.



Underpinning the market for Berkeley over this period has been robust demand for well-located homes, priced correctly and that are built to a good standard of quality within welcoming environments. We have invested in our brand, with our holistic approach to place-making, putting people, nature and the strength and wellbeing of the wider community at the core of every development plan. London remains a fantastic global City, a place where people aspire to live and work, and the UK continues to benefit from strong employment and low borrowing costs.


Berkeley starts the coming year from a position of strength, with net cash of £975.0 million, forward sales of £1.8 billion and an estimated £6.2 billion of gross profit in our land holdings, and this means we can look beyond the current period of uncertainty with confidence. However, like all responsible businesses who operate in cyclical markets, we have been, and will remain cautious in our investment in this environment, and this will determine the speed with which we deliver the value from our assets and invest in new opportunities.
-----------

[bradbury3559] 05/6/2019 11:42

Come join the party #BBSN

[r ball] 22/3/2019 08:07

Over reaction to psn news

[r ball] 15/3/2019 13:57

Areed. I used to get £5k in dividends each year. Now we might have a higher dividend but eh tax free allowance has reduced. Not good!!!

[pj fozzie] 15/3/2019 13:13

Trading update positive. I'm bitterly disappointed with the poor dividend for the previous six months - hoping that the slower rate of buy backs (I think it looks like a slower rate?) suggests next div will be better. I do wish they'd stop the bloody buy backs.

Cheers,
PJ

[mayzerg] 09/1/2019 17:04

https://helpingthelittleguy.com/the-tobacco-and-home-builder-sectors-an-unlikely-pair-in-a-volatile-market/

[this_time_its_different] 18/12/2018 14:43

STRONG BUY

[robertball] 07/12/2018 15:50

Oh for the days of £1 dividend

[this_time_its_different] 07/12/2018 14:20

I agree BKG is undervalued, I'm buying up shares as soon as I have the money.

[this_time_its_different] 07/12/2018 14:06

Yeah the board need to start paying a real dividend and stop the buybacks. They were buying back shares at £36-£42.