Berkeley Share Discussion Threads

[choppa] 04/4/2013 21:25

Berkeley Group: Credit Suisse ups target price from 1828p to 2312p, while its neutral rating is kept.

[this_is_me] 04/4/2013 18:08

Yes I would guess that some institutions have decided to reduce above £20.

[r ball] 04/4/2013 15:41

oh well.. Added today.

[r ball] 02/4/2013 09:35

Yes. Target price got to be £23.00 but as much as £26.00 this year.

[this_is_me] 02/4/2013 09:23

We seem to have bounced off the £20 mark so that should mean that we go upwards from here.

[r ball] 02/4/2013 08:28

I won't worry about the II selling. It could be for a number of reason (e.g. their portfolio mandate and risk allocations).

The fact remains that "the story remains the same".

No reason to sell. Indeed, the profit taking is the ideal time to increase your holding.

[chinese investor] 02/4/2013 08:21

Higher than the Vauxhall Tower !

[bamboo2] 26/3/2013 11:05

Amazing share price considering all the II selling over the last six months or so. One wonders where we would be if they had held. Some have now dropped below the 3% level, that may mean less holding RNS's. So who is adding?

[this_is_me] 26/3/2013 09:03

Profit taking above £20 after the sustained rise is hardly unexpected; some holders selling at least some of their stake. Still undervbalued given the expected return to shareholders.

[choppa] 22/3/2013 19:54

Blackrock selling then. Been some weakness the last few days.

[this_is_me] 20/3/2013 17:54

Huge volome today. We have seen heavy buying as well as profit taking.

[r ball] 20/3/2013 14:22

no. I topped up in 2011 (twice) and 2012. I do tend to trade but if the shareprice is going in the right direction I tend to leave well alone. same goes for SDR and Snr.

ps I've largely lost on day trading but gain on one week plus.

[bamboo2] 20/3/2013 14:08

RB, Did you top up before the budget announcement? Well timed if you did.

I think anyone short at historical resistance and/or the £20 level must be well hacked off.

[r ball] 20/3/2013 12:34

time for a top up? fair value got to be about £26. ps might be a lo of Russian money moving from Cyprus into London property. IMHO, all the best.

[bamboo2] 20/3/2013 12:16

Blackrock holdings RNS's

19/03/13 5,079,286 Holding has gone below 5% [on 15th March]

20/03/13 6,599,889 Holding has gone above 5% [on 18th March]
CFD 1,480,903 [1.13%]

Any one know why?

[this_is_me] 20/3/2013 08:55

The dive in the share price this morning didn't last long although a pull back after the rise we have seen would not be a surprise.

[this_is_me] 19/3/2013 13:59

Still going up! I thought that it might have tested the £20 level today, but there is no sign of that.

[melody9999] 18/3/2013 19:12

I think this is being driven by the slow realisation of whats on offer in terms of dividend payments over the medium to long term. As long as the company keeps to plan, then it has to be a winner.

[grigor] 18/3/2013 18:45

I wish all my shares kept serenely going up despite all the economic gloom.

[skinny] 18/3/2013 10:04

:-)

Panmure Gordon Sell 1,972.00 1,975.00 1,702.00 1,702.00 Downgrades

Numis Buy 1,972.00 1,975.00 - 2,478.00 Upgrades

[this_is_me] 18/3/2013 09:46

15p dividend is hardly going to make a difference I wouldn't think.

[bamboo2] 18/3/2013 09:42

Nothing new or unexpected in the statement.
Will be great if this can close the week above £20, although it will be going exdiv.

[this_is_me] 18/3/2013 09:38

Now above £20.

[this_is_me] 18/3/2013 07:39

All very positive; still a little ahead of the origonal plans which shows how well the company is being run given present circumstances.

[skinny] 18/3/2013 07:08

The Berkeley Group Holdings plc ("Berkeley" or "the Group") today announces its Interim Management Statement in respect of the period from 1 November 2012 to 28 February 2013.

Berkeley remains on course to return £568 million in cash to shareholders by no later than the first milestone date of 30 September 2015 and, as announced on 7 December 2012, the Board has declared an interim dividend of 15 pence per ordinary share which will be paid on 19 April 2013 to shareholders on the register on 22 March 2013. This dividend will contribute approximately £20 million towards the £568 million target and is the first return to shareholders since Berkeley repositioned the business in March 2009 and invested some £1 billion in new land at the right point in the cycle.

Berkeley's operating model places an emphasis on adding value throughout the development cycle whilst recognising the risks of operating in a cyclical market. This requires a collaborative approach to creating places which involves local communities, councils and businesses, and a passion for exceptional design to provide the homes in which our customers want to live.

It is this emphasis which has helped Berkeley secure eight further planning consents since the Half Year including recent resolutions to grant planning on two London schemes, at Hampton House on Albert Embankment and Sovereign Court in Hammersmith. These successes have secured additional value in Berkeley's land bank as well as reducing planning risk and underpinning the Group's ability to deliver against its long term plan subject to market conditions.

In the period Berkeley has also acquired three new sites at Finchley, Mill Hill and Maidenhead. These acquisitions, together with our continued drive to add value through optimisation which is expected to maintain the momentum reported in the first half, give the Board confidence towards achieving its target of 10% growth in the land bank for the full year.

The market for new homes in London and the South East is still characterised by a shortage of supply at all price levels, albeit that this market is affected by the drag on demand caused by restrictions on mortgage availability and increased regulation. In this environment, Berkeley has continued to carefully match its investment in work in progress with forward sales which are now in excess of £1.4 billion, a balance which will remain the key determinant of future growth.

Berkeley is currently ungeared and has a strong land bank in place, factors that give the Board confidence that it will meet expectations for the year ending 30 April 2013 and its long term plan to return £13 per share to shareholders.


END