riverside red
10 Apr 2017
Re: why have all the building shares gon... That's the theory.But they're generally done in drips so the positive effects can be masked by general market movements. Give me the dividend every time.
Topalov
10 Apr 2017
Re: why have all the building shares gon... I would imagine they would always raise the share price, especially if done in substantial size which they often are. The more buyers of shares the higher the price.
riverside red
10 Apr 2017
Re: why have all the building shares gon... How often do share buy backs materially raise the share price?
axolotl
10 Apr 2017
Re: why have all the building shares gon... Oh.
Brown Bull
10 Apr 2017
Re: why have all the building shares gon... Axolotl wrote: "Since when did reducing dividends support share prices?"Answer: When dividends are cut back to pay for share buybacks.
axolotl
10 Apr 2017
Re: why have all the building shares gon... Since when did reducing dividends support share prices dougmel? I enjoy a good conspiracy theory but this one is just silly.
dougmel
05 Apr 2017
Re: why have all the building shares gone do... Dividend reduced to free up cash to support the share price. Share price rises. Chairman dumps a million shares. Hmmmmm
axolotl
05 Apr 2017
why have all the building shares gone down? OK, Pidgley has sold £31m worth of BKG. So what? Perhaps he wanted to splash out on a new plane or two. Doesn't a chap deserve the odd treat in life? At least he's kept £150m worth of shares. Doesn't that show enough confidence in things? All it means is that there's a lovely buying opportunity today - I'd buy more if I wasn't already up to my ears.
optimistic john
22 Mar 2017
Re: UK Housebuiders If only I stuck to what I know instead of gambling in the AIM market. Just taken 36% profit. Same worked with Breedon and Grafton. Next target Travis Perkins.
II Editor
17 Mar 2017
NEW ARTICLE: Berkeley Group hits post-Brexit vote high "The possibility of a London house price crash has taken up plenty of column inches in recent months, particularly in the context of the Brexit vote. However, LSE:BKG:Berkeley Group Holdings went some way to allaying those fears today when it said ..."[link]
Uncle Doug
17 Mar 2017
Trading Statement Positive? <<<Berkeley Group Holdings PLC on Friday said the housing market in London and the south east of England has now stabilised, but pointed to a 16% decline in underlying reservations year-on-year in the seven months to the end of February.The FTSE 250 housebuilder said in January and February, underlying reservations have been ahead year-on-year, and enquiry levels now are robust, cancellation rates are at normal levels and pricing is "resilient".However, the overall reduction in reservations in the seven months since the immediate Brexit referendum effect, August to February, has been for properties across all price points. Berkeley Group said this reflected Brexit uncertainty as well as changes in recent years to stamp duty land taxes on properties and mortgage interest deductibility.This, Berkeley Group said, has been "partly offset" by the continued availability of mortgage finance at low interest rates and favourable currency exchange rates.However, the group said London has been hit hard by the changes, when coupled with the planning environment and increased demands from the combination of affordable housing and community infrastructure levies, with new starts in the UK capital falling by "some 30%"."Berkeley is concerned by this under-supply and the knock-on effect it has on the provision of housing of all tenures which, if not addressed, represents a threat to London remaining the inclusive and open global city which is so important to London and the UK's growth and prosperity," the housebuilder said.Berkeley said it is currently onsite in production on 58 sites in London and the south east of the UK, and is well placed to maintain its high levels of production. The housebuilder said there are a further 22 sites which are in the planning process or at which it is unable to start onsite due to a number of pre-commencement issues.Despite the decline in reservations since the Brexit vote and the tough market conditions, though, Berkeley said it expects its pretax profit for the year to end April 30 to be at the top end of analysts' expectations, with the actual outcome dependent on completion timing at Berkeley's larger developments.A similar level of profitability is expected for the next financial year, to end April 30, 2018, and Berkeley said it remains on track to hit its target of delivering at least GBP3.00 billion of pretax profit over the five years to end April 30, 2021.Forward sales are expected to be in excess of GBP2.60 billion at April 30 at the prevailing sales rate and Berkeley said it remains ungeared. The group continued to make "selective acquisitions" into its landbank.>>>
frynas
17 Mar 2017
Conflict of interest? Reading the latest trading statement makes me wonder if this new share buyback initiative has created a conflict of interest for BKG. The statement isn't quite the bullish share price pumping style we used to hear from Mr Pidgley. The company benefits from a low share price if its in the market for its own shares, yet it has a duty to ensure the new approach is in the best interests of shareholders. It's all about timing of course but it would be very easy to take a hit on dividend payments to fund share buy backs and then find that I need to sell some shares before there has been a proportional rise in the share price - if it ever comes of course. Any views?
fitcontroller
23 Feb 2017
divi The Berkeley Group Holdings plc(the "Company"
DIVIDEND DECLARATION The Directors of the Company are pleased to announce that an interim dividend of 85.24p per share will be paid on 24 March 2017 to shareholders on the Company's register of members at close of business on 3 March 2017. The ex-dividend date is 2 March 2017. The dividend has been calculated on the following basis under the Company's Shareholder Return Programme and as announced on 2 December 2016 in the interim results announcement for the six months ended 31 October 2016. Aggregate value of shareholder return£138,845,478Shareholder return satisfied through share buy-backs(£21,124,128)Shareholder return to be satisfied as dividends£117,721,350Number of shares eligible for dividend*138,098,111Dividend per share85.24 pence
Damp Seaweed
17 Feb 2017
Re: dividend? I've paused tracking the share purchases. But last time I looked they had spent ~12p of the divi on share purchases.So I would expect a dividend announcement next week with a ~84-87p divi declar
fitcontroller
13 Feb 2017
Re: dividend? [link]
