Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Thanks Mike
Hope this helps ... exDiv dates are almost always on a Thursday in the UK. The record date is the Friday ... that's the case here. To be paid the dividend you must own the share when the market opens on Thursday 11th ... which in turns will put you on the record at the close of Friday 12th. As far as I know there is only one dividend being paid of £1.00 Mike
Can anyone clarify the dividend position in relation to BKG? The final results state that 12 August is the ex-divi date in relation to the £1.00 special dividend. Is this in addition to the £1.00 dividend which most websites state as having an ex-divi date of 11 August? Seems unusual that the company would have 2 separate dates!
I suspect stamp duty will be cut to stimulate the market.
Going Ex dividend 11th of August. America looking to invest $1billion into uk property. Pound rising. Strong hints of bank interest rate cuts. Strong and determined new prime minister. Wouldnt be surprised if Berkeley hits £30 soon. GLA
This seems to be on its way down. I would buy around 2000
Out any ways in the long run it will be no different or better.
Well the market is a very emotion driven thing ... and a 'leave' result is likely to be both unexpected and unpredicted ... I would expect a distinct over-reaction in the short term. On the basis that things go down a lot faster than they go up a fall of 30-50% in the first few days would not be out of this world. In the longer term I think a fall of about 25% is to be expected until it becomes clear what London's long term future is as a financial center etc. In reality remain or leave it shouldn't make a great deal of difference ... but then, when was the market ever part of the 'real' world. As for my opinion, there's not much chance of a 'leave' result but then that's how my vote is going to fall. Mike
In the event of a leave vote, what do people believe this will drop by?
Next Support Please 2400 ?
in 3 months seems I was right here ;)
Markit data showed that "short interest" - which measures the number of shares lent to speculators betting on a fall in the stock - in Berkeley had surged to nearly 5 percent of the company's total shares available for loan, against just 2 percent on March 1 and 0.8 percent at the start of 2016. "This bear raid, which comes on the heels of a sharp retreat in Berkeley's shares since mid-December, represents the first time in over five years that short sellers took a position of about 5 percent of shares outstanding in a UK-listed homebuilder," said Markit analyst Simon Colvin.
The Budget 2016 - An investor's perspective - See how Berkeley features in the overview by our expert blogger and former Barclays Stockbrokers Director - Read it here - http://www.lse.co.uk/lseBlogs/blogEntry.asp?section=expert&blog=david-harbage-blog&entry=na2bja&full-url=blogs/expert/david-harbage-blog/na2bja/
An interesting, but ultimately, repetitive posting that doesn't really give me any additional information about this share or your thinking on it. Perhaps if you declared your position on/in it that would help. If I could understand where you were coming from, where you are at and where you are trying to get to I might understand better what you are saying. Are you long/short or on the sidelines ... are you waiting to get in or out or just watching? Mike
Told you all!
I disagree with the general tone and findings of the article that is quoted. Odey Asset Management have held short positions in BKG since 2014 and recently actually decreased their short position, not increased it as the article implies. Overall OAM are hardly the scintillating agressive shorting outfit that the write up alludes to. More rather they are using the short position to hedge their portfolio against a down turn in the property market ... in other words they are using it as insurance against loss rather than a money making opportunity for profit. Bluemountain and Anchorage are more recent entrants to the list of shorters but their positions are hardly large -- typically 0.50-0.75%. Overall this shorting activity is not really something to be concerned about. It's more likely to be funds covering their backs against BREXIT and uncertainty in the property market than a belief in BKG collapsing specifically. Mike
show how much they know doesn't it? muppets useless unless they have some inside info
3 biggest down days back to back for 3 years TOLD YA!
Hedge fund managers are taking short positions against the biggest listed provider of luxury London homes in a bet that weakening emerging markets will put the once buoyant sector into reverse. A small group of funds are targeting the shares of Berkeley Group, the main listed proxy for new high-end London property, amid signs that Asian and Russian buyers are deserting the market. Odey Asset Management, BlueMountain Capital Management and Anchorage Capital took short positions against the FTSE 100 builder in January, worth 2.2 per cent of its share capital, according to data disclosed to the Financial Conduct Authority. The short positions run against analysts’ consensus that Berkeley is well positioned to continue growing — and indicate the hedge funds believe pricing and transaction levels for luxury London homes have further to fall. The market for luxury London homes faltered last year after being driven upwards in the previous few years, partly by overseas buyers seeking a bolthole or a safe haven for their cash. Many foreign buyers have suffered from a weakening of emerging market currencies and an increase in stamp duty on expensive homes. Prices paid per square foot for homes costing more than £1m fell by 2.7 per cent in 2015 after two consecutive years of 10 per cent rises, according to the data provider LonRes. Anthony Codling, an analyst at Jefferies, the investment bank, said he had spoken to hedge funds looking to bet against Berkeley. “They think overseas demand is falling away and there are pockets of oversupply in new-build homes, which will reduce selling prices for Berkeley and bring their share price down,” he said. Berkeley’s shares have risen 25 per cent in the past year, fuelled by rising sales. The company declined to comment. About 54,000 homes are planned or under construction in the most expensive areas of the capital, with most of these set to be priced at £1m or more, research by LonRes found last year — even though only 3,900 homes worth more than £1m were sold in these areas in 2014. Mr Codling said he did not agree with the case for shorting Berkeley. The company’s shares are trading at 2.7 times book value after it set out a plan to pay out £16.34 per share in dividends by 2021. “As long as investors get that cash return I don’t see significant downward pressure on the share price,” said Mr Codling. Charlie Campbell, analyst at Liberum, said there were concerns that overseas buyers who paid deposits of 10 or 20 per cent on off-plan London flats might struggle to pay the balance on completion if their home currencies have since weakened.
Number of First-Time Home Buyers Falls to Lowest Levels in Three Decades Figure represents third straight annual decline and lowest percentage since 1987 - wall street journal November 2015! Potential first-time home buyers scared off as 'typical' deposit surpasses £30,000 barrier - Express Jan 2016 Number of first-time buyers in decline Posted on 11 January, 2016 by Laurence Glynne in Property News First-time buyers paid an average deposit of £91,409 for a property in London last year, according to mortgage lender Halifax. Number of first-time buyers in declineBut the number of people in the UK buying a property for the first time dropped 0.5% in 2015 to 310,000 when compared with the previous 12 months. The decline in the number of people getting on the property ladder is the first since 2011 and is being put down to the size of deposit first-time buyers now need. Halifax reports that average deposit for first-time buyers rose 13% from £29,094 to £32,927 in 2015, while a growing number of borrowers are taking out 35-year mortgages. Since the property market reached its last peak in 2007, the average first-time buyer deposit has risen by 88% from £17,499. At that point, loans of more than 100% of a property’s value were available from some lenders.
Miners do poorly because of China. Oil does poorly because of China and Saudi Arabia. Home builders do well because there is a shortage of homes. LOL thats the funniest thing ive read in ages LOL Shortage of homes? everyone i know that can afford one or more or wants to own their own home has one. A syrian cant afford one. Neither can a student. Its happening already they the market riggers just want you to believe that! BREXIT is the dark cloud about to destroy property values watch and see ;)
In a/c on 22/1, same as inl.
Miners do poorly because of China. Oil does poorly because of China and Saudi Arabia. Home builders do well because there is a shortage of homes. If these things change, fortunes may change. I don't see the UK having to many homes anytime soon, and the government has proven that they are willing to throw tax money at underpinning housing bubbles. Best of luck with your shorts. Disclaimer: have no stake of any kind in this company.
amazing but i sense rotation from property to commodities identical to the commodity boom in 2005 - 2008 Property topping out and with massive cuts in miners and oil i expect prices to appreciate there very soon.
ignore last post £25 is where this is headed crash coming