Green 25 DMA
Red 50 DMA

Berkeley Group: A residential housebuilder with a high percentage of its developments on brown field land. Established in 1976, the company now includes the Berkeley Homes, St George and St James brands, with important exposure to the high value London property market.
Shares in issue 131.28m (Oct '10)
Currently no dividend (Oct '10)
Forecast PE apr '11 13.2, to apr '12 11.6.

StockMarketWire.com
High-end housebuilder Berkeley Group reaffirmed its full-year guidance, but continued to express caution over the London housing market amid concerns about the impact of Brexit.

Berkeley reaffirmed its guidance to deliver at least £3.375bn of pre-tax profits in the five years from 1 May 2016 to 30 April 2021, with at least £1.575bn pre-tax profit to be delivered in the two years ending 30 April 2019.

The housebuilder continued, however, to express cautions over its key market in London, which remains constrained by high transaction costs, restrictive income multiple limits on mortgage borrowing and prevailing economic uncertainty, accentuated by Brexit.

Berkeley said it expects that net cash at the half year would be above the year-end position of £687.3m.

Add:

As announced on 16 August 2018 a dividend of £44.0 million, or 33.30 pence per share, will be paid to shareholders on 14 September 2018 with the remainder of the £139.2 million return for the six months ending 30 September 2018 having already been satisfied through share buy-backs of £95.2 million. The Company also announced that the next six-monthly return of £139.2 million (£1.06 per share) will be made by 31 March 2019, with the amount to be paid as dividend to be announced in February 2019, taking account of any share buy-backs in the intervening period.

Chart looking a bit negative a the moment. For those who are holders of the stock do you wait for the special divi's but risk a capital correction downwards or take profit & sacrifice the special divi's?

Unfortunately, don't know the answer.

I hold far too many Householders and Constructions shares.

But trying to find a suitable bolt hole is difficult and cash with future probable devaluation is not very attractive.

I have charted BKG against Ftse 100 and Households and Construction etc since 94 and except for short-term blips (3mnths to 12mths approx) has done reasonably well.

I had it down to dump but will hold for a while longer.

(I am hopeless at dumping.)

Prefer to dealing costs.