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Berkeley Group Share Chat (BKG)



Share Price: 2,476.00Bid: 2,475.00Ask: 2,477.00Change: 0.00 (0.00%)No Movement on Berkeley Gp.hld
Spread: 2.00Spread as %: 0.08%Open: 2,509.00High: 2,507.00Low: 2,464.00Yesterday’s Close: 2,476.00



Share Discussion for Berkeley Gp.hld (BKG)


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MY21
Posts: 1,704
Off Topic
Opinion:No Opinion
Price:2,505.00
Russians do well in London Market
Mon 06:16
Russian property tycoons with a home in London have made record returns on their investment, thanks to a combination of the capital’s recent housing market boom and a weakening rouble.
The value of a luxury property in London has appreciated by 102.7pc over the last five years for Russian homeowners as the number of roubles to the pound continues to increase, according to a new report by real estate agents, Knight Frank.
Russian investors have capitalised on a 71pc rise in prime central London house prices, the strong pound and the rouble’s falling star.

The rouble has weakened by a third over the last 18 months, due to tensions in the Ukraine.
In comparison, a US investor who bought in London in 2009 made 95.4pc, while a British buyer made a 69pc return, due to the comparatively strong pound, the study found
 
MY21
Posts: 1,704
Off Topic
Opinion:No Opinion
Price:2,474.00
London House Price news
Wed 07:28
London house prices up £43,115 in six months as market soars: The price of an average house in London has risen by £43,115 in the first six months of this year alone, according to astonishing figures from Zoopla, more than the annual salary of an average electrical engineer.
MY21
Posts: 1,704
Off Topic
Opinion:No Opinion
Price:2,400.00
London Rental Market article
22 Jul '14
Rich overseas students outbid London’s bankers in a race to rent London’s luxury pads: Untidy bedsits and cramped accommodation are normally associated with student life, however in central London’s best addresses, where weekly rents can top £1,000 per week, an elite of highly-affluent, foreign under-graduates are renting luxury apartments.
MY21
Posts: 1,704
Off Topic
Opinion:No Opinion
Price:2,430.00
Stamp duty costs up for Londoners
17 Jul '14
Londoners face a 36% rise in stamp duty as homes are set to hit £500,000

London home-buyers could face a 36% jump in their stamp duty bill in the next two months as the average house price in the Capital breaches the 4% property tax threshold. The cost of the average London dwelling is rapidly approaching the £500,001 mark, at which point the stamp duty banding changes from 3% to 4% on the purchase price of the house.

The value of a typical home in the Capital rose 20% over the year to May and is now valued at £492,000. Sitting within the 3pc stamp duty banding this would cost the buyer £14,760 in tax.
boomorbust
Posts: 5,127
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2,393.00
BKG
26 Jun '14
Nice rise today. Deutsche Bank have reiterated their target price of 2877
Libero
Posts: 2,166
Off Topic
Opinion:Strong Buy
Price:2,288.00
Great opportunity
25 Jun '14
forward EV = 4279 / forward PBT (assuming same growth) = 8
forward PER (using diluted EPS) = 2288 / 252 = 9
Very high yield of almost 8% too

Share price barely moved year on year despite a large 34% rise in EPS and 40% rise in PBT.

Surprising!

Looks like a real opportunity this...
boomorbust
Posts: 5,127
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2,295.00
Tailender
19 Jun '14
Agree and of course Berkeley are much less reliant on the Help to Buy Scheme than other housebuilders:-

"Whilst the Government's Help to Buy scheme has been helpful in bringing home ownership to within the reach of many more people, it has had limited benefit to Berkeley as a whole due to the proportion of its sales which are off-plan. On the 17 schemes where qualifying properties were available, it has supported some 36% of sales in the year, a total of 159 sales over the last twelve months"

So only 159 sales out of a total of 3,742 - just over 4%. Housing demand in London and the southeast appears to be strong and the outlook for BKG very positive:-

"With cash due on forward sales now approaching £2.3 billion and estimated gross margin in its land holdings now in excess of £3 billion"
Tailender
Posts: 118
Off Topic
Opinion:No Opinion
Price:2,228.00
P.S.
18 Jun '14
Have just read that Numis have upgraded BKG from hold to buy, because their share are "too cheap". I rest my case.
Tailender
Posts: 118
Off Topic
Opinion:Strong Buy
Price:2,223.00
Thoughts on Housebuilders.
18 Jun '14
Six months ago everybody loved housebuilders. Now they seem to hate them. Talk of cutting the Help to Buy scheme and raising ineterest rates, plus the significant rises already seen in the sector have provoked a sell off. This, in my view, is a huge error. It is possible that profit margins may be tighter in future if the heat comes out of prices, but demand for housing is way behind supply and governments of whatever colour are going to have to sanction a growth in housebuilding over the next 5-10 years or risk the anger of the population, especially those who wish to own their own home.
Consequently housebuilders, especially those with good land stocks are going to be pretty busy in the mid term and profits will be driven my increased volumns rather than silly prices. Yields for a number of companies in this sector look very good and sustainable (Persimmon/Galliford/Kier) so there are mid term opportunities here for income seekers. P/es are a tough frothy for some, but Berkeley looks cheap at 10. Oversold, the only question is how much lower do we want them to go before topping up ?
boomorbust
Posts: 5,127
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2,261.00
BKG
18 Jun '14
Results

· Basic earnings per share increased by 38.6% to 221.8 pence (2013: 160.0 pence)

· Pre-tax return on equity of 27.5% (2013: 22.4%)

· Net cash of £129.2 million (April 2013: net cash of £44.7 million)

· Net asset value per share up 5.6% to 1,065.6 pence (April 2013: 1,009.1 pence)

· Dividends of 149 pence per share (£195.2 million) paid to shareholders in the year

http://www.investegate.co.uk/berkeley-grp-hlds--bkg-/rns/final-results/201406180700098670J/



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