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Berkeley Group Share Chat (BKG)



Share Price: 3,780.00Bid: 3,781.00Ask: 3,782.00Change: -113.00 (-2.90%)Faller - Berkeley Gp.hld
Spread: 1.00Spread as %: 0.03%Open: 3,868.00High: 3,880.00Low: 3,754.00Yesterday’s Close: 3,893.00


Share Discussion for Berkeley Group


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kernowken
Posts: 12
Opinion:No Opinion
Price:4,037.00
current value
Wed 08:29
He was!
 
kernowken
Posts: 12
Opinion:No Opinion
Price:4,193.00
current value
12 Jun '18
Big drop today. Maybe Odey has it right though we have seen these swings before. Holding tight at the moment.
Nige_W
Posts: 1,342
Opinion:No Opinion
Price:4,321.00
RE: Odey Asset Management
11 Jun '18
Hi MsMP
Done nicely out of bkg, bought Nov-16 av price 2428, now 4321 (=78%), so I suspect he could lose money there. LSE builders under pressure right now, but bkg well managed and usually come up trumps after painting a bleak picture.
Decreasing Divis (from memory but prudent move) and loads of cash. I have no doubt they will outperform the other LSE builders (bvs, crst and csp - which will have far more issues than bkg, if S*** hits fan).
Thanks for message and I will watch them carefully - if much decrease in Sp I will bail out. Really hope he loses all his short, cos I hate the idea. Used to be based on Insurance - now a vehicle for chancers.
BoL and thanks again - this is the information that is really useful on these Boards
ms_moneypenny
Posts: 155
Opinion:No Opinion
Price:4,321.00
Odey Asset Management
10 Jun '18
Hedge fund tycoon Crispin Odey's firm Odey Asset Management has taken out �short� position, which is essentially a gamble that the share price will fall, implying that he expects a poor performance from Berkeley Group.
Odey has staked a �45 million bet.
Odey made a fortune from the credit crunch by betting against doomed banks. A year before the problems started appearing, he spotted cracks in the system and made bets that bank shares would fall.
exstatex
Posts: 731
Opinion:No Opinion
Price:3,774.00
RE: write history correctly
28 Mar '18
Dear Boris,
before the headlines are filled with news of doom are you going to make sure the behaviour of the big property owners and elite pre and post 2008 is suitably addressed and rectified.
They didn't contribute pre 2008 to making a clean energy economy which could have yielded huge global orders and good will for GB
Then they got their assets bailed out entirely by tax payer post 2008 and elite en mass incl Politicians refused meaningful pay cuts to reduce the tax burden.
Will the big property owners pay back the tax payer ever? Will the elite admit their mistake and backdate pay cuts?
I know a bit about the masons and they are experts at media manipulation and diversionary tactics. If you want to discuss apples you may probably be thrown a few oranges and reminded you are, in some way, less British or low born than the throwers! Is the masonic order involved in this media blackout re bailout of big property owners and lack of elite pay cuts? Is this more important to them than clean energy and progress, living standards and progress or providing a base that the next generation can build on?
Is it correct that making a fuss about �30m to charity would pale if in fact a huge sum (�300bln?) had been received? Many thanks...
P.S would it be better for a diverse economy if the size of property ownership was limited, freehold property was favoured over leasehold again?
AL75
Posts: 1,311
Opinion:No Opinion
Price:3,739.00
Pulling back
16 Mar '18
Pulling back from the �42 high. Today's decline on the trading statement has moved the price into a strong support. Will it hold though? Wait and see.
exstatex
Posts: 731
Opinion:No Opinion
Price:3,862.00
write history correctly
28 Feb '18
2008 country bankrupt. Property and land banks worth as low as 10% current value. No bank loans available etc
Gov steps in and unbelievably entirely rescues whole sector with massive burden to taxpayers
Unbelievably no lien against assets of big property owners or landbank holders. All falls on taxpayer
Building co. directors recognise that therefore their share prices will recover and so arrange bonuses based on a future SP rise ie not normal performance metrics.
They possibly figure that the if the political system has ok'd it, then powers that be are on board so will get away with it.
Meanwhle CGT for investors who try and save economy goes from 18% to 28%. Recession is exacerbated. Important infrastructure and progress is shelved or hugely delayed due one-sided bailout
People like me have slobs from lack of intelligence blow somoke in face in 2003 but what happens here??
Elite can't be bothered giving paycuts immediately post 2008
Judiciary apparently can say ' not me, I don't understand O'Level economics!'
Army and Intelligence likewise. No wonder no Marshall plan for Iraq?Can't add 1+1 for own economy
Crown estate celebrates profitability - wonderful!!
A lot of people have attained zero credibility. Their assets have to be bailed out ahead of normal rational 21C investment. Their actions will not be examined morally??
Now we know. Please write up history correctly
SALAMANDER01
Posts: 9
Opinion:Hold
Price:4,149.00
RECENT RISE and RTS
21 Dec '17
Hi Happy Investors and a very Merry Christmas to all. Looks like the recent sp rise will be a nice present. I would like to ask your opinions on the change in returns to shareholders policy. When the substantial RTS started it was to be paid as a dividend, which suits me well as it allows me to minimise tax cost. However, the idea of share buy back and dividend is much less beneficial to me. Would anyone care to comment?
volcano
Posts: 3,848
Opinion:No Opinion
Price:4,123.00
RE: Up and Away
8 Dec '17
i agree and great dividend policy
tigertrader17
Posts: 90
Opinion:No Opinion
Price:4,190.00
Shorters burnt out big time!!
8 Dec '17
I have seen some big firms increased their short positions at the end of November and this week..They have been punished big time Today.

I guess, this would make shorters to stay away from the Balfour’s trading report on Tuesday.
Lawsey
Posts: 1
Opinion:No Opinion
Price:4,190.00
Up and Away
8 Dec '17
A good start to the day for the leading construction business. These shares should power through all the way to the next recession. Whenever that comes around. Great holdings.
InvestmentProf
Posts: 167
Opinion:Strong Sell
Price:3,717.00
Interest rate rise
2 Nov '17
The interest rate rise is just a start, Bank of England say will continue to rise in future as necessary.
Don't forget Property developers Borrows billions to fund their projects, so they get hit the hardest, commercial rate are much higher.
Banks increase interest rate much more than Bank of England to protect themselves from possible interest rate rise.
Nige_W
Posts: 1,342
Opinion:No Opinion
Price:3,944.00
RE: Weird things with late trades!
29 Oct '17
Thanks Vlad
Buying no Float and makes me think about selling BaseValue, but that would bring them down to 5 (bdev, rdw, bwy, psn & tw). For my system to work I would prefer 8, so could you recomend 2 or 3 other builders.
BoL
VladamirPokrov
Posts: 327
Opinion:No Opinion
Price:3,944.00
RE: Weird things with late trades!
29 Oct '17
Massive selling by the two main shareholding Directors - I am out.

Vlad
Nige_W
Posts: 1,342
Opinion:No Opinion
Price:3,944.00
Weird things with late trades!
28 Oct '17
No idea what this means, Sp up 137 (up 3.6% to 3944) before opening, but 1.9M sold for 3800. It was my intention to move some float here, but don't know whats going on.
Anyone any ideas?
BoL
Omedome
Posts: 1,955
Premium Chat Member
Opinion:No Opinion
Price:3,850.00
Wow! Some huge Director sells
27 Oct '17
Something going down
exstatex
Posts: 731
Opinion:No Opinion
Price:3,547.00
masons/big landlords/fat cat
13 Sep '17
shocking IMO that directors take advantage of stock price uplift directly due to tax payer bail out of system. Such schemes should be taxed at 90%.
Separately I think the assets of big landlords who also benefited from bail out could be taxed like this
First 500sqm exempt
Remainder subject to 25% special sales tax
Remainder holdings not permitted to be used as collateral or be mortgaged, Further 'Remainder' portfolio could only be sold to fully funded buyers (mortgage free)
dadean
Posts: 139
Opinion:No Opinion
Price:3,573.00
Large director sells
8 Sep '17
Not alot happening on this board, large director sells recently they'll be happy with their proceeds
richred_uk
Posts: 185
Opinion:No Opinion
Price:3,675.00
Ex-Div Drop about to be wiped out
24 Aug '17
£36.74 as I type versus a close yesterday of £36.86 on here, £36.81 on Google - so the ex-div drop almost wiped out in a morning - think the company will be issuing a buy back RNS tomorrow?

As a side note, when I tracked the last quarter's buy back, I couldn't work out what had happened to the dividend from shares that were bought back cum-div (23-28/2) - I reckoned £188k roughly of dividend that the company saved but didn't seem to add to the latest dividend distribution - anyone else look at this and find an answer?
richred_uk
Posts: 185
Opinion:No Opinion
Price:3,698.00
RE: Looks like a 50p dividend
16 Aug '17
A post of ADVFN says announcement tomorrow, but I can't confirm that on the investor relations section of the website. That does say that the record date for the dividend will be 25th August (on the Financial Diary Tab), so ex-div 24/8 and announcement tomorrow would seem to fit that timetable. HTH
LordAdam
Posts: 574
Opinion:No Opinion
Price:3,546.00
Looks like a 50p dividend
11 Aug '17
Today's RNS puts the dividend down at 55.1p ... looks to me like the board are aiming to spend half the dividend on the buy back. So my pessimistic estimate of a 50% buy back policy seems to being coming true.

That's costing us poor people 3.1% per year not just this year but for every subsequent year, ie you pay 3.1% this year, and next year and so on ... *even if they stop* buying the things back! That's the power of compounding -- losses up front add up to mega losses over the years.

Mike
LordAdam
Posts: 574
Opinion:No Opinion
Price:3,579.00
RE: 40% dividend cut
7 Aug '17
Thanks for the update on the dates for the dividend announcement.

I think you hit the nail on the head when you said "I'm sure the gain isn't solely down to the buy backs" ... that's the real question, how much of the gain _is_ due to the buy back? and how much is due to Mr. Market, Brexit and the election etc.?

There's no real answer to that one, but there is a real answer to the following question "How much does the share price have to grow to compensate for a 50% buy back policy?" It's possible to analyze that precisely in a spreadsheet.

Two simple scenarios ... no buy-back, £2 dividend per year completely reinvested ... vs ... dividend of £1 reinvested plus annual growth generated by the £1 buy-back. So what growth rate do you need to compensate for the buy-back?

The answer is 3.1% ... you need a relentless 3.1% growth in the share price to compensate for the buy-back. Put another way, the buy-back takes 3.1% straight off the top of whatever you get and on a level share price that's a real loss of 3.1% when compared to the level dividend.

I'm not so sure that BKG can guarantee outperforming the market by 3.1% every year for the next 'n' years.

Mike
richred_uk
Posts: 185
Opinion:No Opinion
Price:3,555.00
RE: 40% dividend cut
7 Aug '17
The change in dates was announced in the half-year report 2/12/16 when they announced that the £10 per share would be split between dividends and buy backs:

"In February and August each year, the Company will announce the dividend to be paid at the end of March and September, respectively. This will be calculated as the absolute value amount to be delivered in the six months (£138.8 million based on the current shares in issue), less the cost of any share buy-backs undertaken in the relevant period. Going forward each subsequent relevant period begins on the date of announcement of the dividend for the previous relevant period."

Just for reference, the SP was £27.60 at the end of 2/12/16 when they announced the buy back and about £35.50 today - a gain of roughly £8.00 a share versus a loss to date of roughly £0.55/ share in dividends (and a gain of about £0.02/ share for each of the future dividends if there were no more buy backs). I'm sure the gain isn't solely down to the buy backs, but overall I can't say I'm unhappy with the performance.
LordAdam
Posts: 574
Opinion:No Opinion
Price:3,568.00
40% dividend cut
7 Aug '17
With today's RNS the dividend is down to 60.9p ... that's very nearly a 40% cut on the 100p that they promised it would be when they talked about returning £10 per share to holders.

Does anyone know why this year the dividend is being announced on 17 August when it was 15 June last year ... two months later?

Mike
LordAdam
Posts: 574
Opinion:No Opinion
Price:3,506.00
RE: Press Comment...
2 Aug '17
Yep, with a pay cheque of over £500,000 a week they are using the dividend that they promised us to artificially increase the EPS so that they can be sure of getting their bonus.

At the last time of reckoning the dividend had been cut to 61.5p from the 100p that it should have been. So when you get your dividend, remember that it should have been more than 50% bigger.

And don't forget that what you've lost isn't being used to pay the bonus, it's being spent on insurance to help guarantee it ... the bonus comes out of other company funds -- double whammy.

Mike

Mike




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