Berkeley Share Discussion Threads

[rcturner2] 01/6/2015 09:10

Yes, if you look back at the interims, they are really going places and the election result guarantees more of the same for the next 5 years at least.

15 year bull market in property according to some.

[r ball] 01/6/2015 08:41

no reason to sell. undervalued. expect 15% upside as rotation out of psn and tw. national grid deal underpinning land bank.

[doe808] 01/6/2015 08:26

Thanks R Ball

[chinese investor] 01/6/2015 08:15

Promising Start !

[chinese investor] 29/5/2015 12:16

Go Horsey !

[r ball] 29/5/2015 10:37

That's correct. But got caught up in a scandal. It depressed the shareprice as the holding had to be off loaded.

[doe808] 28/5/2015 22:43

am i recalling this correctly- but wasn't there a previous holding at 29%- Said trust- or something?

[r ball] 28/5/2015 22:03

Catchup - has been sector laggard

[philo124] 28/5/2015 14:14

Nice breakout.

[rcturner2] 28/5/2015 09:17

jonwig, many thanks, that's great.

Berkeley has a great balance sheet and is right in the sweet spot for UK property being London focused.

I think there could well be a special dividend announced in the finals, since they are generating so much cash.

[jonwig] 28/5/2015 09:11

RCT - thanks for message.
Have updated holdings as given on website.
Anything else?

I sold all my housebuilders after a jolly good run. Looking here, maybe this is one I should have kept!!

[rcturner2] 28/5/2015 08:32

Next set of results and forward statement will be interesting.

Since the election, asking prices in London up 17%.

[megalev] 28/5/2015 08:30

This is a great gig. It's in my 'don't look at for 3 years pile', I wonder whether that should change to the 'don't look at for 5 to 10 years selection'

[chinese investor] 26/5/2015 11:29

Wonderful !

Chinese Investor (BKG) 21 May'15 - 12:49
Hopefully we'll be soon north of £30 !

Chinese Investor (BKG) 19 May'15 - 08:16
£30 Soon !

[dr_smith] 21/5/2015 21:40

OK. The articles are so convoluted and complex and out of my control, so tend to stick my head in the sand and as long as I am happy with buy/sell price for my own projections I try to ignore the manipulating/short selling/black deals etc.

I also tend to avoid those stocks, typically below say £75M cap where buy/sell spread is 2.5 to 3% (so 3 to 3.5% cost with stamp duty).

I am mainly in for long term for most stocks but those sort of margins preclude short term profits and take edge of long term.

Objective is to make money for myself not brokers and market makers.
My money, my risk, my gain...hopefully. ;-)

[rcturner2] 21/5/2015 21:13

Only really in very thin markets, which is never going to happen for large caps like Berkeley for example. I think there was a case where someone was screwing around with the closing auctions to manipulate the price for the purpose of spread bets they had open.

[dr_smith] 21/5/2015 19:37

I thought that it could and that was the subject in press the last few years.

[rcturner2] 21/5/2015 19:16

That is the whole point, bid and offer cannot be manipulated since they are taken from the highest selling price and lowest buying price which are set by market participants. So if a share price is at 100p and the lowest seller is at 101p there is nothing anyone can do to manipulate that except come in closer to 100p. Whereas if I list a sell at 110p and then take that trade myself the price will spike on the yahoo Google model of doing things.

[dr_smith] 21/5/2015 17:33

I see your point.
Though I expect bid/offer can/is similarly manipulated.
I guess is the morale is like mnay things, to understand how the source data is derived to keep it context.

You will be telling me next that banks manipulate forex ;-)

[rcturner2] 21/5/2015 16:13

If last trade price was used generally it would be the simplest of tasks to manipulate the price of shares up and down to any price you choose, hence why it is a serious error to do so.

[dr_smith] 21/5/2015 14:10

Thank-you for the heads up RC. Though a tangible trade carries more weight in my book than gestured bid and offer, though of couse all 3 give better perspective.
I believe google to be the best tool around for being near real time (atleast within 2 mins) where as other freeby providers have 15 min delay.
The google spreadsheet functions are a massive time saver with dynamic links, so it is the best I know of pn both counts.

[rcturner2] 21/5/2015 13:32

Some data providers such as google and yahoo do not calculate their prices properly. They use the last trade price rather than the mid between bid and offer and so these kind of stupid things occur in their numbers.

[dr_smith] 21/5/2015 13:29

gb- You are right, you do need to be able to accept these surpises to be a PI.

Though such share price blips on market are more typically just before start of 8.00 trading or just after 4.30 close, so I think anxiety was justified.
It is still showing on the chart:


I didn't notice before but at time of share price downward blip there was a big peak in volume, so more substance to it than I assumed.

Given the recent share price increase, my best guess is one of the major funds were top slicing.

[gargleblaster] 21/5/2015 13:05

Dr Smith - maybe you should prescribe yourself with some Valium!