We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
yes they are reporting some brexit related issues but the fact is london housing may not see the demand it has been used to this year and the shares have been underperforming some time esp since board member sold a lot of shares earlier this year. reservations are also expected to be down 20% they say. overall the results arent as bad as they could be but compared to other builders, theres not much to shout about and you worry about the momentum this year. i think if london begins to see a rerating these are the sahres you want to be in but director selling earlier suggests they dont see that playing out near term.
London property needs a break. My brother bought a mansion up north for £650k, yet in London you could pay more tax for a one bedroom flat. He has a London job and works remotely, even before the Pandemic. 10% stamp duty over 900k is criminal. There is 0.5% tax on shares but outrageous tax on property. Just had to get that off my chest!
The london properties are probably a drag and either they have to take less than they would like, or wait out a return to pre-existing prices which could take years. The housing market in the UK is a joke, the government needs to back off on stamp duty permanently in the next budget and let people get on with their lives. They should look to increase revenues from a greater number of transactions than squeezing the maximum out of a limited few. If you have a golden goose you need to take care of it, not throttle it.
"what do you think about the trading update"
Extremely disappointed to be honest.
I sold trading shares this week at 4540p for a 7% return.
Also decided to bite the bullet today 4285p and exchanged for BWY.
Right or wrong, we shall see.
Also holding PSN, TW, and trade BDEV.
ATB
Not sure about no progress in earnings next year. Certainly no progress in earnings this year, but they say we can expect 'a similar level of profitability' next year. I always undertsood that profits are a number and profitability is a ratio ... ie ratio of profits to sales. So with sales growth there will be profits and earnings growth .... all with the same level of profitability.
Maybe I'm clutching at straws ...
No progress in earnings this year and next is disappointing.
Hi everyone,
What do you think about the trading update ?
Berkeley houses charge buyers an upfront fee for ready to move in, are only suitable for those buyers able to take mortgage from a UK bank and the free interest loan from UK government. There are some other ways to buy cheaper than market prices with cash only. As for the trend of housing price is still up until the end of this decade or 5 years later at least, according to some analysis. Therefore, there was no point to wait if there was a demand for a house.
PT raised to circa 4000.
Help to BUY deadline extended during Covid delays.
https://www.bbc.com/news/business-56043427
Cheers
Im in! Really regret not buying a Berkeley house a few years ago, it wasn't really the best time for us, but i still think about it. Plan is to build a position as it falls to even out any volatility coming this year. Will use this investment as a hedge against increased property prices in future.
seems a good price here, any news for the 5% sell off?
hi LEVIS,
why is bkg and bwy leading all the builders today both up about 3% whereas others only about 1%?interesting when recently vty and rdw used to perform stronger than others...
Berkeley was tipped as a buy in the Times today!
It's negative Brexit talks!watch the news
It must be disappointment in the half yearly report which I thought was actually very good in the circumstances.
The market is a strange beast.
It must be disappointment in the half yearly report which I thought was actually very good in the circumstances.
The market is a strange beast.
Jeez ! Massive fall today. What's caused this?
London property likely to be affected by the pending Brexit outcome - long term more significant than the ending of. Stamp duty exemptions that will compound any negative trend. Soon find out!
Hi all,
Does anyone know of analyst expectations for tomorrow?
Thanks
I am ambivalent about that. Buy-back may be of greater advantage to larger holders tax-wise, but provided they are done at a lower cost than ' the future share price' there is benefit to be found in increasing the eventual eps.
Caught up in the general massacre today plus COVID and the effect on the London housing market where they are mainly situated I guess.
Am I the only one that would prefer a dividend to share buy back?
GLALTH
Shrugged off.
Barrett very positive trading update perhaps helping lift today's market.
Sells I should have said. Down tomorrow.