Berkeley Share Price (BKG)

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 Shares Traded Last Trade
  -196.00 -3.58% 5,274.00 147,602 12:11:00
Bid Price Offer Price High Price Low Price Open Price
5,272.00 5,276.00 5,396.00 5,238.00 5,392.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 2,957.40 775.20 481.10 11.0 6,919
Last Trade Time Trade Type Trade Size Trade Price Currency
12:11:00 AT 65 5,274.00 GBX
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Reckitt Benckiser (RB.), Persimmon (PSN), John Lewis Of Hungerford (JLH), Trafalgar Property (TRAF)

Berkeley (BKG) Latest News (9)

Berkeley News

Date Time Source Headline
24/2/202007:09ALNCFAlliance News Flash Headline
24/2/202007:00UKREGBerkeley Group Holdings (The) PLC Proposed Capital Return: Publication of..
19/2/202011:11ALNCIN THE KNOW: HSBC Bullish On UK Housebuilders After General Election
05/2/202017:43ALNCDIRECTOR DEALINGS: Berkeley Group Senior Executive Sells Shares
05/2/202016:50UKREGBerkeley Group Holdings (The) PLC Director/PDMR Shareholding
03/2/202010:00UKREGBerkeley Group Holdings (The) PLC Total Voting Rights
24/1/202015:06ALNCIN THE KNOW: UBS Confident In Berkeley Group's 2020 Prospects
22/1/202012:42ALNCIN THE KNOW: Peel Hunt Positive On Berkeley After Cash Return Plans
22/1/202007:54ALNCTOP NEWS: Berkeley Proposes GBP1 Billion Return Over Next Two Years
22/1/202007:00UKREGBerkeley Group Holdings (The) PLC Proposed Capital Return
More Berkeley News
Berkeley Takeover Rumours

Berkeley (BKG) Discussions and Chat

Berkeley Forums and Chat

Date Time Title Posts
21/2/202014:20BERKELEY GROUP ::::::::::::: Quality Housebuilder3,294
06/12/201908:44Anyone know anything about this 2
07/7/201608:47Berkeley Group Holdings (The) PLC _ ACTIVE INVESTORS CLUB (BKG)2
10/7/201413:55Manoj Ladwa offers Fundamental & Technical Analysis on BKG-
12/5/201415:39Berkeley - to Surrey and beyond2

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Berkeley (BKG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:11:005,274.00653,428.10AT
12:11:005,272.001015,324.72AT
12:11:005,272.0013685.36AT
12:11:005,272.002105.44AT
12:10:125,274.00351,845.90O
View all Berkeley trades in real-time

Berkeley (BKG) Top Chat Posts

DateSubject
24/2/2020
08:20		Berkeley Daily Update: Berkeley Group Holdings (the) Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker BKG. The last closing price for Berkeley was 5,470p.
Berkeley Group Holdings (the) Plc has a 4 week average price of 5,046p and a 12 week average price of 4,478p.
The 1 year high share price is 5,562p while the 1 year low share price is currently 3,416p.
There are currently 131,189,885 shares in issue and the average daily traded volume is 504,268 shares. The market capitalisation of Berkeley Group Holdings (the) Plc is £6,908,459,344.10.
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20/11/2018
08:49		fenners66: Report being mentioned on Bloomberg about record number of unsold (presumably) new homes. That had been flagged on here for a while. Meanwhile share price drops and once again shows that the buyback has done nothing for long term holders. Cash spent - yield dropped - share price dropped - future sales dropping . I still contend that buybacks are a waste of money.
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11/10/2018
20:59		fenners66: SO the share price has fallen and so has the dividend per share ..... Perfect outcome for the money spent on buy backs then..... NOT. How much money has been wasted allowing non supporters to exit ?
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05/9/2018
10:50		fenners66: Buybacks started in January 2017 So almost 12 months now of buybacks were at on average higher market price than today - how many extra millions has that cost and how have today's shareholders benefited from that extra spend ? What would the share price have been with a higher yield instead ?
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03/6/2018
03:01		r ball: Ok. But the share price is holding up well.
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16/3/2018
12:51		this_is_me: The government's attack on buy to let will have the effect of reducing the number of properties available on the rental market and thus push the cost of renting much higher. If those with buy to let properties see no prospect of further capital gains in the foreseeable future that will also see selling out from the sector and the money reinvested elsewhere. Share buy backs at the current share price make no sense when the prospects are not great and the share price is likely to fall over the short/medium term. Share buybacks make sense only when the share price is stupidly low. I may have sold out a little early but I am not tempted to buy back in at present. The old saying that profit warnings come in threes has some validity.
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16/3/2018
08:10		fenners66: pj fozzie - I am absolutely with you on share buy backs and this shows that all the shares bought over the last few months can do absolutely nothing for today's share price. Whereas the promise of a higher future yield I believe would.
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11/9/2017
14:37		this_is_me: 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.
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13/7/2017
09:09		jrphoenixw2: Maybe worth recapping how BKG originally framed it in their Interim Results a/o Dec 2016. 'SHAREHOLDER RETURNS PROGRAMME The Board of Berkeley has reviewed the mechanism for making the remaining £10.00 per share payments under the Shareholder Returns Programme that was put in place in 2011, and enhanced this time last year from £13.00 per share to £16.34 per share. The current heightened macro uncertainty has led to significant market volatility and there is a dislocation between this and both underlying market conditions and the strength of Berkeley’s operating model. As a consequence, the Board is proposing to introduce flexibility such that the remaining £10.00 per share payments can be made through a combination of share buy-backs and dividends, as opposed to solely dividends. This recognises that, at certain price points, the Board is of the opinion that the Company is materially undervalued and share buy-backs will be in the best interests of all shareholders. In making this change, the Board is also proposing that the payments should be re-characterised from being a value per share, to be an absolute value per annum. This ensures that the same quantum of cash will be returned as previously anticipated, but on a smaller number of shares, to the extent share buy-backs occur. This absolute value will be increased appropriately for any new shares issued. [page 1] THE BERKELEY GROUP HOLDINGS PLC INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 OCTOBER 2016 [page2] £ per share £’million Paid to date £6.34 £854.9 By 30 September 2017 £2.00 £277.7 By 30 September 2018 £2.00 £277.7 By 30 September 2019 £2.00 £277.7 By 30 September 2020 £2.00 £277.7 By 30 September 2021 £2.00 £277.7 To come * £10.00 £1,388.5 Total £16.34 £2,243.4 * based on a net 138.8 million shares in issue as at 31 October 2016 The Board believes that this change will ensure that Berkeley’s shareholders fully benefit from the value embedded in the business. The Company will consult with Shareholders on consequential changes to the 2011 LTIP to ensure this reflects these changes, prior to a General Meeting of the Company in the New Year. [page 3 from the ‘Chairman̵7;s statement’] At the same time the Board is proposing to introduce flexibility to the Shareholder Returns programme so that future returns can be made by either dividends or share buy backs, as opposed to solely dividends, to the extent the Board believes the prevailing share price materially undervalues the Company and that such purchases would be in the best interests of all shareholders. It remains the intention of the Board to return £2 per share per annum over the next five years under this new mechanism and, for the avoidance of doubt therefore, this is not a reduction in the overall returns allocated to shareholders. [Chief Exec Statement – page 5] The Board of Berkeley has now reviewed the mechanism for making the remaining £10.00 per share payments in light of its assessment that the current short-term macro volatility is preventing the long-term value of Berkeley being recognised by the market. As a consequence, the Board is proposing to introduce flexibility such that the remaining £10.00 per share payments can be made through a combination of share buy-backs and dividends, as opposed to solely dividends. This recognises that, at certain price points, the Board is of the opinion that the Company is materially undervalued and share buy-backs will be in the best interests of all shareholders. In making this change, the Board is also proposing that the payments should be re-characterised from being a value per share, to be an absolute value per annum. This ensures that the same amount of cash will be returned as previously anticipated, but on a smaller number of shares, to the extent share buy-backs occur. This absolute value will be increased appropriately for any new shares issued. [same time-table as laid out above in Chairman’s Statement] The Board believes that this change will ensure that Berkeley’s shareholders fully benefit from the value embedded in the business. In February and August each year, the Company will announce the dividend to be paid at the end of March and September, respectively. This will be calculated as the absolute value amount to be delivered in the six months (£138.8 million based on the current shares in issue), less the cost of any share buy-backs undertaken in the relevant period. Going forward each subsequent relevant period begins on the date of announcement of the dividend for the previous relevant period.' hxxps://www.berkeleygroup.co.uk/media/pdf/d/q/Berkeley_Interim_Announcement_Dec_2016_-_FINAL.pdf
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05/4/2017
18:55		1gw: I really don't understand this debate about Tony Pidgley selling some shares. From looking through the FY16 annual report and subsequent directors holdings rns's it seems to me: 1. At end-FY16 (30th April 2016) Obligation (on Tony Pidgley) to hold shares: 113,522 shares (4 x base salary / £29.95 share price) Shares actually held: 6,463,855 Or as the annual report puts it: Obligation to hold 400%, actual holding 22,776% 2. During FY17 27th June 2016 - bought 35,061 shares at £22.69 each 30th September 2016 - option exercised on 545,368 shares vested from 2011 LTIP, shares transferred to wife 4th April 2017 - sold 1,000,000 shares at £31.10 each. 3. Current position Shares actually held: 5,498,916 beneficial in his name + 545,368 (presumably) still in wife's name. So in summary: He has skin in the game (about 6m shares between him and his wife not forgetting remaining 2011 LTIP options); He still holds way, way more than the obligatory 400% base salary in shares; He made a purchase when the share price was struggling in the low 20's post-referendum, making a public display of confidence. I wish the executive directors of all the companies I invest in were as publicly aligned with shareholders as he is. What is there to complain about? Oh yes, selling after introducing a buyback! Here again, I do not really understand the criticism. Assuming he believed that (1) the share price in the mid-high £20's was materially undervaluing the company and (2) he was likely to want to sell a relatively small proportion of his shares some months later, what should he have done? It seems to me that delaying the share buyback until after he had sold would not have been an optimal solution for shareholders, and neither would accelerating his sale so that he was seen to sell at a relatively low price just before he introduced a share buyback - how would the market have interpreted his comments on the share price undervaluing the company if he had just sold before the program started? I can understand shareholder displeasure at the very high level of his total remuneration because of the LTIP payouts (although presumably shareholders were happy enough to think about the targets being met when they were put in place), but I really don't think criticism of this share sale is justified.
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09/9/2016
14:19		henrylightningbolt: BKG share price has fallen a little over a 100 points since I sold. Should I consider buying back today or wait?
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Berkeley share price data is direct from the London Stock Exchange
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