BKG.L - The Berkeley Group Holdings plc

LSE - LSE Delayed price. Currency in GBp
4,130.00
+35.00 (+0.85%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close4,095.00
Open4,106.00
Bid4,118.00 x 0
Ask4,121.00 x 0
Day's range4,096.00 - 4,193.52
52-week range3,041.00 - 5,562.00
Volume324,563
Avg. volume938,306
Market cap5.192B
Beta (5Y monthly)0.88
PE ratio (TTM)10.32
EPS (TTM)400.20
Earnings date15 Jun 2020 - 19 Jun 2020
Forward dividend & yield1.19 (2.92%)
Ex-dividend date19 Mar 2020
1y target est3,660.50
  • Is Berkeley Group Holdings (LON:BKG) A Risky Investment?
    Simply Wall St.

    Is Berkeley Group Holdings (LON:BKG) A Risky Investment?

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Reuters - UK Focus

    LIVE MARKETS-Morning call: worries on the pandemic continue to weigh

    * Crude futures rebound Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters. You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London and Stefano Rebaudo (stefano.rebaudo@thomsonreuters.com) in Milan. Futures on European bourses are well in the red this morning with investors still concerned about the economic impact of the pandemic as a final deal on an EU stimulus package will have to wait until summer.

  • Can Berkeley Group ride out the Covid-19 economic shock?
    Stockopedia

    Can Berkeley Group ride out the Covid-19 economic shock?

    Economic shockwaves caused by Covid-19 have plunged stock markets into turmoil, but some shares are better able to absorb this volatility than others - and Ber8230;

  • The Case For The Berkeley Group Holdings plc (LON:BKG): Could It Be A Nice Addition To Your Dividend Portfolio?
    Simply Wall St.

    The Case For The Berkeley Group Holdings plc (LON:BKG): Could It Be A Nice Addition To Your Dividend Portfolio?

    Could The Berkeley Group Holdings plc (LON:BKG) be an attractive dividend share to own for the long haul? Investors...

  • I would use my new ISA allowance to load up on these FTSE 100 bargains
    Fool.co.uk

    I would use my new ISA allowance to load up on these FTSE 100 bargains

    I think these FTSE 100 shares are too cheap to ignore and have plenty of potential to reward investors when the stock market improves. The post I would use my new ISA allowance to load up on these FTSE 100 bargains appeared first on The Motley Fool UK.

  • A Sliding Share Price Has Us Looking At The Berkeley Group Holdings plc's (LON:BKG) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At The Berkeley Group Holdings plc's (LON:BKG) P/E Ratio

    Unfortunately for some shareholders, the Berkeley Group Holdings (LON:BKG) share price has dived 43% in the last...

  • Reuters - UK Focus

    LIVE MARKETS-UK Homebuilders: Save that cash

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. There's been quite a lot of dividend cancellations among UK homebuilders: Crest Nicholson , McCarthy and Stone to name a few.

  • The Berkeley Group Holdings plc's (LON:BKG) Could Be A Buy For Its Upcoming Dividend
    Simply Wall St.

    The Berkeley Group Holdings plc's (LON:BKG) Could Be A Buy For Its Upcoming Dividend

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • Stock sell-off shows every industry will feel coronavirus cost
    Yahoo Finance UK

    Stock sell-off shows every industry will feel coronavirus cost

    Thursday is arguably the day the impact became tangible, as a slew of UK companies warned coronavirus was hurting their business.

  • What to Watch: COVID-19 testing demand, Cineworld sales slip, and markets crash
    Yahoo Finance UK

    What to Watch: COVID-19 testing demand, Cineworld sales slip, and markets crash

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters

    Berkeley delays plans to increase shareholder returns

    Berkeley in January planned to more than double investor returns to 1 billion pounds over the next two years, as a result of increased confidence in the housing market. The company, however, on Thursday said that it would revert to its original plan of paying a 125 million pound dividend on March 31 and would further return 140 million pounds through share buy-backs and dividend payments on Sept. 30. "While there has been no noticeable impact on Berkeley's business to date, the ultimate impact on UK business is unknown", the housebuilder said in an scheduled trading statement.

  • Estimating The Intrinsic Value Of The Berkeley Group Holdings plc (LON:BKG)
    Simply Wall St.

    Estimating The Intrinsic Value Of The Berkeley Group Holdings plc (LON:BKG)

    Does the February share price for The Berkeley Group Holdings plc (LON:BKG) reflect what it's really worth? Today, we...

  • Reuters - UK Focus

    RPT-After Brexit-settling election, UK firms see business bounce

    Clients, including the Royal Mint which uses Bruderer equipment to make coins, at last knew for sure that Britain would quit the European Union on Jan. 31. "For three years we were stuck in a rut of indecisiveness," Bruderer UK managing director Adrian Haller said.

  • Here’s What The Berkeley Group Holdings plc’s (LON:BKG) Return On Capital Can Tell Us
    Simply Wall St.

    Here’s What The Berkeley Group Holdings plc’s (LON:BKG) Return On Capital Can Tell Us

    Today we'll evaluate The Berkeley Group Holdings plc (LON:BKG) to determine whether it could have potential as an...

  • Reuters - UK Focus

    After Brexit-settling election, UK firms see business bounce

    Clients, including the Royal Mint which uses Bruderer equipment to make coins, at last knew for sure that Britain would quit the European Union on Jan. 31. "For three years we were stuck in a rut of indecisiveness," Bruderer UK managing director Adrian Haller said.

  • The Berkeley Group share price at 5,352p: three reasons it could go higher
    Stockopedia

    The Berkeley Group share price at 5,352p: three reasons it could go higher

    Often the real stock market winners are not the shares that look obviously cheap compared to book value or earnings but are instead the slightly more expensive8230;

  • A $283 Million Payday Can Be So Disappointing
    Bloomberg

    A $283 Million Payday Can Be So Disappointing

    (Bloomberg Opinion) -- Britain’s Berkeley Group Holdings Plc knows all about timing the market right. The homebuilder acquired lots of London land pretty cheaply after the 2008 financial crisis, and made a mint selling apartments once Londoners felt flush again and house prices rose. With dividends reinvested the shares have returned more than 800% over the past decade.So, when co-founder and chairman Tony Pidgley sold several million shares last year at a time when London house prices were looking decidedly wobbly, it wasn’t an encouraging sign for the market. In total Pidgley has made 216 million pounds ($283 million) from share sales since 2017, including 50 million pounds when Berkeley’s shares popped following Boris Johnson’s thumping U.K. election victory in December. He now owns just 1.3% of the company, according to Bloomberg data.But perhaps Pidgley’s market timing wasn’t so impeccable after all. Berkeley shares surged another 5% to a record on Wednesday after the builder promised to hike shareholder payouts over the next two years. Had the chairman held onto all of the shares he sold in the past three years, they’d be worth about 300 million pounds today, meaning he’s missed out on 80 million pounds in paper gains.Doubtless the very wealthy 72-year-old can live with that, but it begs the question of what shareholders know that Pidgley doesn’t. It’s striking that Berkeley’s share price has gained more than 40% over the past year even as it has warned that profits won’t be as impressive as in the past.At the peak of its financial perfomance in 2018 Berkeley was generating an astonishing 42% return on equity (thanks to all that cheap land it purchased) but it expects this pretax return to normalize to 15% in coming years as it plows cash into developing new sites. In the six months to October 2019, pretax earnings fell almost one-third, as anticipated.Hence those share price gains have come about principally because investors are now willing to pay more for a slice of its earnings: Berkeley’s stock trades on 16 times estimated earnings, far in excess of the 10 times multiple it has tended to trade at over the past five years, and a big premium to other U.K. homebuilders.Some optimism is probably warranted. Berkeley has navigated the recent Brexit uncertainty pretty well and it can afford to be more generous to shareholders, having built a more than 1 billion pound net cash buffer. The company’s plans to boost housing output by 50% in the next six years seems reasonable in view of the shortage of supply in south east England.It’s possible too that the Johnson government’s stable parliamentary majority will boost confidence in the housing market; from a property owners’ point of view that’s a happier outcome than having his hard-left rival Jeremy Corbyn in power.However, there’s still no clarity about Britain’s future trading relationship with the European Union, nor London’s future prospects as a financial center. At these heady levels, it’s not surprising Pidgley took some money off the table.To contact the author of this story: Chris Bryant at cbryant32@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Berkeley's bumper 1 billion pound payout gives UK housebuilders a lift

    British house prices, which weakened with the rest of the economy after the 2016 Brexit referendum, last month rose more than 1% in annual terms for the first time in 12 months, according to mortgage lender Nationwide. Referring to Berkeley's investor payout pledge, broker Peel Hunt said the confidence to return this additional cash comes from the company's 20 long-term sites now in construction as well as the recent UK election result, which strengthened the government of Brexiteer leader Boris Johnson. Shares in Berkeley rose 5.7% to 5,472 pence by 0834 GMT, leading London's blue-chip index <.FTSE> and also lifting rivals Persimmon <PSN.L>, Barratt Development <BDEV.L> and Taylor Wimpey <TW.L>.

  • Is The Berkeley Group Holdings plc's (LON:BKG) CEO Paid At A Competitive Rate?
    Simply Wall St.

    Is The Berkeley Group Holdings plc's (LON:BKG) CEO Paid At A Competitive Rate?

    Rob Perrins has been the CEO of The Berkeley Group Holdings plc (LON:BKG) since 2009. This analysis aims first to...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: NFPs add to positive trade war news

    * Wall Street strongly up Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. It was a good day for European stocks, as U.S. jobs data boosted the STOXX 600 up 1.2% and helped it recover from this week's heavy losses when we sank below the 400 points benchmark. London's FTSE 100 was likewise boosted - up 1.4% on the day - but down around 1.5% on the week overall.

  • Reuters - UK Focus

    LIVE MARKETS-European bourses jump on U.S. job data

    * Wall Street futures in the black Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. It is a very calm day but better-than-expected U.S. job data gave traders some comfort, helping European bourses accelerate gains. The pan-European index is now up 0.9% and the UK blue chip index is rising 1.1% after NFPs increased by 266,000 last month, beating the Reuters consensus of 180,000.

  • Reuters - UK Focus

    LIVE MARKETS-The post Dec. 12 UK house-building bet

    * Wall Street futures in the black Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Marco Pabst, chief investment officer at Union Bancaire Privée believes UK homebuilders and could be a good bet. Thanks to their high dividend payments and the fact that the number of housing transactions in the UK still hasn't recovered to pre-crisis levels, stocks like Bellway, Persimmon , Taylor Wimpey, Redrow and Countryside Properties look attractive, he said.

  • Reuters - UK Focus

    REFILE-UPDATE 1-Homebuilder Berkeley's first-half profit slumps on Brexit woes

    British homebuilder Berkeley Group Plc on Friday reported a slump in first-half pretax profit, as it sold homes at lower prices in a Brexit hit real-estate market. Berkeley, which sources three-fourth of its revenue from London, in September set a pretax profit target of 3.3 billion pounds over the six years to April 2025, with profit expected to be between 500 million and 700 million pounds in any one year. The company, which operates primarily in London, Birmingham and the South of England, said pretax profit fell 31% to 276.7 million pounds ($355.01 million) for the six months ended Oct. 31.

  • Homebuilder Berkeley's first-half profit slumps on Brexit woes
    Reuters

    Homebuilder Berkeley's first-half profit slumps on Brexit woes

    With less than a week to go before an election that is expected to break the impasse over Britain's exit from the European Union, builders are weary and buyers are holding off on spending. Berkeley, which sources three-fourth of its revenue from London, in September set a pretax profit target of 3.3 billion pounds over the six years to April 2025, with profit expected to be between 500 million and 700 million pounds in any one year. The company, which operates primarily in London, Birmingham and the South of England, said pretax profit fell 31% to 276.7 million pounds for the six months ended Oct. 31.

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