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Fair point re brokers' recommendations. I can name the odd share where the brokers target has followed a massive rise, and they limp along weeks after the excitement with a revised upwards target! I appreciate your tenets! Best wishes! This looks like an interesting share but I am strictly short of funds and like many watching WSG. I have rattled a few cages of wilder beasts on a certain board and am in judicious part time exile. I reported the guy who suggested I killed myself by hanging (!) but LSE don't seem to take it seriously, or more likely won't deal till Monday. Nice people NOT!! Still at least we are all anonymous so water and ducks is the best way forward.!!
I had a look at Morningstars analytical breakdown of earnings for 2014&2015. It shows EPS of 179.05p giving 4.97% yield& which shows EPS of 185.33p giving 8.7% yield respectively. lucentum made a comment that the SP could be expected to drop and thus yield is the outcome... I was thinking about that before I was going to leave a comment on it. I was going to invest into Threadneedle Asian Income ( I know that Asian income could suffer with $ appreciation on interest rate rise, so not a good idea, but it has a 5.4% now, or I may start a holding here, with anticipation that the dividend will grow as analysts think along with shareprice ( and to a lesser degree me with London property on mind still a little below 2007 levels ).
wins planning approval..http://www.ft.com/cms/s/0/619e5b7c-79ec-11e3-8211-00144feabdc0.html#axzz2q6rHXKxu
brokers recommendations are very useful when printed off and used a bog paper it seems!
http://www.bloomberg.com/news/2014-01-10/berkeley-wins-approval-for-project-at-london-wapping-site.html tower hamlets approved permissio to build 1800 homes + shops and offices in the old news international premises at wapping near tower bridge. This must the news that has moved the share price so much today - I can see it moving more yet especially when 2nd interim dividend is announced which I estimate will be over 300p
one is the biggest rises in any day for berkeley, wonder what news is in the pipeline
liberium and deutche have today stuck to their guns marking this stock as a hold at 2634 and 2587 they may need is issues another recommendation soon as the market clearly disagrees with them.
http://markets.investorschronicle.co.uk/research/Markets/Companies/Forecasts?s=BKG:LSE investors chronicle shows 16 broker recommendations - none recommend a sell - most do recommend hold, 2 for outperform and 3 recommend buy. they also show conservative dividend growth predictions. interestingly no broker with these large dividends wants to be embarrassed by suggesting a sell, they have however mainly suggested a drop in the share price which would make the dividends massive if the share price dropped towards 2000p I suggest that this defies logic and really wonder if they are advising their high net worth private clients looking for high income dividends the same way. We shall see who is right as news of the massive dividends catches on more.
Broker Forecasts Year EndingPre-taxEPSEPSgP/EPEGDPSYld % more... 'Broker Forecasts' provides consensus figures based on several brokers' views 2014333.21179.0530.9714.580.47135.425.19 2015372.29185.343.5114.094.01238.309.13 A 9.13& is predicted for 2015!
loads of buy trades today and a sneaky one of over £1m posted at 1635 clearly big money investors disagree with the broker ratings. question is whether there will be another little dip before this share rises? last years 2nd interim was 59p this year 1st interim is 90p(ex div now) but if the 2 nd interim is increased 6 fold like the 1 st interim then this is still a 13% yield. £568m is being returned to shareholders as per annual report, so it's money in the bank on that basis. when to buy if you are not already in always the question - this is my best performer apart form a takeover a while ago.
As this sector is new to me, where would one buy on a dip? I would rather put my gains from VOD ( 45% ) in one sweet move, or would it be better putting my £9k Into BKG in two tranches ( something that has made my portfolio look great. Though, this is not going to plummet with the FTSE when the FTSE goes down? Though I suppose it has outperformed the FTSE so far over 1 / 5 / 10 years. What's not to love, or am I misssing something with the numbers other than dividends? Thanks Scott
2575-2600p seems to be the new target area... http://zolmax.com/investing/equities-research-analysts-ratings-reiterations-for-january-8th-aal-aaz-abg-ama-ami-amm-anto-av-axm-bby/184725/
thanks for info, looks like they went ex-dividend on 18th december and interim of 90p is indeed due on 17th January, interestingly total dividends for last year was only 74p. The interim last year was 15p and is now 90p a sixfold increase interesting that 12 brokers were neutral but 5 were buys - gives me confidence as none were sells. 3.4% interim dividend yield seems good to me;second interim last year was 59p if that too has 6 fold increase it will be 354p bringing the yield to over 16% what is actually happening though is the company is actually returning money £568m to shareholders hence there is no option to issue the dividends as shares. http://www.iii.co.uk/stockmarketwire/81179/berkeley-group-course-return-%C2%A3568m-shareholders
Your calculations look like they were near perfect with a 7000p sp target based on Earnings and dividend equation you did over a coffee! http://tools.morningstar.co.uk/uk/stockreport/default.aspx?SecurityToken=0P000090RF]3]0]E0WWE$$ALL I don't want to buy into a bubble... Oh, Morningstar states the 90p div will be paid 17th January. Lastly, how would one position this purchase? I have 34 equities/government index linked bonds/Funds/trust with an average weighting of 6.5%. I know about fundamentals, supply is the reason for these price rises in London alone and the rest of the country, plus foreign Russian oilgarch tycoons, but how long does one believe this will continue to aid BKG? ##BKG has a neutral ratin as of 7/1/14## http://www.wkrb13.com/markets/245487/citigroup-inc-reiterates-neutral-rating-for-berkeley-group-holdings-bkg/
£4.32 dividend / £27 =16% dividend so I should have said £70 a share not £7 I note a late buy at 1635 for £1,432,000 someone likes juicy dividends i will indeed have a peek at Barratts and HILS thanks
I have an in-direct interest in this sector with SREI, not as good as here. Your comment at the end: "..., i would expect the share price rising to over £7 a share within a year.". What do you mean. That the sp will possibly have to rise a further £7? Thanks Would you not want to take money away as this is massively inflated, and maybe move onto another real-estate company or construction company? My tip in this sector has to go to Barratts or maybe take a look at HILS.
at 2700p they are just a tad behind the game and with a generous 90p dividend due in April, I can see it being very difficult to predict just how far this share price will rise, it has risen from 2544 a month ago to 2700 a 156p rise or 6%. from December 2012 till December 2013 we had a 30% rise then previous year a 40% rise in share price. If one assumes a much greater rise this year due to dividends being paid april interim dividend up from 15p to 90 a six fold increase and if the 2nd interim dividend increases to same extent from 59p to 354p thats total dividend of 413p which would be a 15% dividend at 2700 to move to a more realistic 5% dividend, if my assumptions are correct, i would expect the share price rising to over £7 a share within a year
looks likes brokers will need to re-evaluate their forecasts as one of the broker at start of December forecast only 2360 and the top whack for another was 2480. I live close to to the Vauxhall wharf tower and it looks to be coming along rather swiftly. I tend to think with the recent whopping dividends that this share is more likely now to be looking toward the 2650 than the 2550's in the near future.
Berkeley Group Holdings half-year earnings jump by 22% House builder Berkeley Group Holdings reported profit before tax up 19.2% to £169.5m in the half-year to end-October (2012: £142.2m).
As of 2nd December three brokers predict SP 2360-2480 and directors have also recently topped up recently with none selling so I am also looking for forward to a good set of interim results tomorrow, shame the dividends can't be paid as shares though
You can always recognise the worthwhile stocks...they don't have a babble of 24 hour/day posters hailing future success in their BBs. Success happens because the company is getting it right. A cautious buy at 998 not so long ago is looking good todat at 2,251.
The new development was very busy today bodes well
Glad I'm not the only one - I did exactly the same! I admire your attitude.
in at 2050, sold at 2230 because i didn't want to leave my stock unattended as i was going on holiday. i see it has jumped to 2355 now but oh well, can't win them all. mustn't be too greedy.
Berkeley Group: Jefferies ups target price from 2005p to 2018p reiterating a hold recommendation.