Eadwig
12 Sep 2017
Re: Director's sales Warren, "We always sell our shares in a company that's got a good future and doing well"I sold my shares in the HSBC S&P 500 tracker that you and I both owned a while back and were the only posters on the board. Do you still have it? Congrats if you do. It must have added 2-300% since I exited.One thing about director buys and sells. There are many, many reasons why someone might sell a share:* Profit taking when they think the company is due a difficult time.* Profit taking when they expect the share price will have a difficult time even though all is well at the company.* Raising cash because they have a large tax bill, divorce settlement, school and/or college fees to meet, maybe all three* Maybe a family member needs urgent and expensive drugs and surgery and they've decided to go private with the best money can buy.* Perhaps their island and yacht just got smashed by a hurricane and they found their insurance policy has lapsed.* Maybe they want to buy that vintage Ferrari they have always promised themselves.* Perhaps their financial advisor has said thy should diversify theirr wealth and being a builder you thought you should go along with the professional advice ..I could go on and on. But what you really need to know is:THERE IS ONLY ONE REASON DIRECTORS BUY SHARES !
schwee
11 Sep 2017
George Osborne and his hare brained Help to Buy scheme is making everybody employed by and/or owning the major housebuilders' shares rich for no effort, not to mention the very beneficial impacts on existing homeowners.This cannot go on, and Phil the Spreadsheet will most likely curb this scheme in favour of the LISA product, or impose a windfall tax.Hence the Directors getting out now, as they more than anybody can see which way the wind is blowing.Two good things the PM has done amongst the poo is fire George, and neutralize Boris.
Warren Buffoon
08 Sep 2017
Re: Director's sales PS.. Krayl;I was talking about the Directors selling. (sorry if I was confusing).
Krayl
08 Sep 2017
Re: Director's sales I take your point. I have a good profit sitting here and it does look like it will go up further - but it will only have to fall a little more before I bail out.
Warren Buffoon
08 Sep 2017
Re: Director's sales We always sell our shares in a company that's got a good future and doing well don't we?? Ho ho ho ...
Krayl
08 Sep 2017
Director's sales I was worried that the chairman had sold £26M worth of shares, and was thinking of profit taking myself, but I guess as its only one eighth of his holding we can forgive him for taking out some cash. BKG and the other builders do still seem like a good bet.
riverside red
06 Sep 2017
Re: Builders down today No, it follows comments by Berkeley on the housing market.An opportunity to get their own shares cheaper.
shovelier
06 Sep 2017
Re: Builders down today Seems like a rather unwarranted drop today imho.
Our Haven
31 Aug 2017
Re: FTSE100 Only average volumes, index funds will take their time to build a position as they are permitted. Should help in the medium term but do not expect spike from the FSTE 100 entry.
jomozz
31 Aug 2017
FTSE100 BKG will be a FTSE100 company on 18 Sept according to the latest quarterly update.Can we expect an increase in sp as the index trackers and funds buy in?
asand
18 Aug 2017
Re: Boo, kind of I tend to agree, M* had an article on housebuilders (link below) and so i decided reluctantly to flog this and a raft of others for a nice percentage increase - have put the proceeds now into a global income fund (ex USA which is horribly overvalued imho) - got a wodge now allocated for the USA marked if it falls [link]
dougmel
18 Aug 2017
Re: Boo, kind of The div is now near a one day trading range, so this does make the decision a little easier. Do you1, Sell and take the profit (>50% for me) and have cash available for any market crash that may happen in Sept/Oct2. Take the div, we can still have £5,000 divis free of additional tax and then3. Hold on to the shares for possible further future gain.Personally, I am getting increasingly nervous about the direction of the markets when people get back to work after the summer hols.
marktime1231
17 Aug 2017
Boo, kind of So BKG clearly serious about their buy back programme which has accelerated, and continuing at this rate will remove about 10% of the stock into Treasury over the next 3 years. I assume it is on that basis broker sentiment and sp have continued to surge, next stop £38-39.Unfortunately the consequence for income investors, who prefer returns in the bank rather than on paper in the sp, is that dividends have been cut sharply. At this rate less than 3%.BKG remains in excellent financial health, it is more likely than not to make the profits to achieve its intended returns plan. But, is it immune from a cooler housing market in London and the South East?This will need serious thought on the run up to ex-div 24 Aug, at what price might I sell and will there be a re-buy opportunity?
dazedandconfused
17 Aug 2017
Divi declaration Seems fairly 'open' about its intentions to continue buying back shares, so guess Tony doesn't need so much Divi nowadays...should give another little spurt to share price methinks.
marktime1231
09 Aug 2017
Re: Wrong again That looks to have been a sensible play Rhigos, I am in a similar place except my remaining holding is protected from CGT in an ISA. So I have something similar in mind to you, followed by a top up when BKG look like a bargain again.But, not just yet, I am now a believer that the sp could add another £1 before ex-div. Not the only one, someone spent millions buying at over £36 yesterday on a single trade.
