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Berkeley Group Holdings PLC (BKGH.L)

BKGH.L on London Stock Exchange

3,821.00GBp
15 Feb 2019
Change (% chg)

30.00 (+0.79%)
Prev Close
3,791.00
Open
3,794.00
Day's High
3,826.00
Day's Low
3,782.00
Volume
349,432
Avg. Vol
548,170
52-wk High
4,338.00
52-wk Low
3,170.00

Latest Key Developments (Source: Significant Developments)

Berkeley's H1 Pretax Profit Falls 25.7 Pct To 401.2 Mln Stg
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Berkeley Group Holdings Plc ::H1 PRETAX PROFIT FELL 25.7 PERCENT TO 401.2 MILLION STG.2,027 HOMES DELIVERED IN HY - INCLUDES MORE THAN 10 PCT OF LONDON'S NEW PRIVATE AND AFFORDABLE HOMES .401.2 MILLION POUNDS OF PRE-TAX PROFIT IN HY (2017: 539.9 MILLION POUNDS).HY REVENUE 1,653.4 MILLION POUNDS VS 1,664.5 MILLION POUNDS .PRE-TAX PROFIT GUIDANCE FOR CURRENT FINANCIAL YEAR INCREASED BY MORE THAN 5 PCT.GUIDANCE FOR NEXT TWO YEARS UNCHANGED WITH PRE-TAX ROE NORMALISING THEREAFTER TOWARDS 15 PCT, BASED ON CURRENT MARKET CONDITIONS.CASH DUE ON FORWARD SALES OF 1.9 BILLION POUNDS IN HY (APRIL 2018: 2.2 BILLION POUNDS).ANNUAL SHAREHOLDER RETURN TO BE EXTENDED AT CURRENT AMOUNT OF 280 MILLION POUNDS PER ANNUM TO 2025.SEE CURRENT QUANTUM OF RETURNING 280 MILLION POUNDS PER ANNUM CONTINUING BEYOND CURRENT FORMAL PERIOD, WHICH ENDS IN 2021, TO SEPTEMBER 2025.HOUSING MARKET IN LONDON AND SOUTH EAST LACKS URGENCY.PRICING AND CANCELLATION LEVELS ARE STABLE BUT UNDERLYING DEMAND IS CONSTRAINED.SHORT TERM OUTLOOK IS CLEARLY UNCERTAIN DUE TO ONGOING BREXIT PROCESS AND HEADWINDS IN OPERATING ENVIRONMENT IN LONDON AND SOUTH EAST.BREXIT UNCERTAINTY AFFECTS SENTIMENT AND CONFIDENCE WHICH HAS A CONSEQUENTIAL ADVERSE IMPACT ON INVESTMENT LEVELS AND TRANSACTION VOLUMES.BREXIT UNCERTAINTY SEEN A NUMBER OF DEVELOPERS WITHDRAWING FROM THESE MARKETS.BUILD COST RISES ARE STEADY AT AROUND 4 PCT PER ANNUM, BUT WE REMAIN VERY AWARE OF RISKS PRESENTED BY VARIOUS BREXIT SCENARIOS.  Full Article

UK builder Berkeley's half-year profits rise 36 pct ​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Berkeley Group Holdings Plc ::‍. 2,117 HOMES DELIVERED - INCLUDES MORE THAN 10% OF LONDON'S NEW PRIVATE AND AFFORDABLE HOMES​.‍£300 MILLION OF SUBSIDIES PROVIDED TO DELIVER AFFORDABLE HOUSING AND COMMITTED TO WIDER COMMUNITY AND INFRASTRUCTURE BENEFITS IN PERIOD​.‍£533.3 MILLION OF PRE-TAX PROFIT, UP 35.8% FROM £392.7 MILLION​.‍TODAY'S STRONG RESULTS REFLECT BERKELEY'S DISCIPLINED EXECUTION OF ITS UNIQUE OPERATING MODEL WHICH PLACES PRODUCT QUALITY AND FINANCIAL STRENGTH AT ITS HEART, ALLOWING FOR INVESTMENT AT RIGHT TIME IN CYCLE.​.‍WHILE POLITICAL CONTEXT FOR HOUSEBUILDING IS TURBULENT, WHERE THERE IS STABILITY, POTENTIAL FOR GROWTH AND DELIVERY REMAINS STRONG.​.‍BERKELEY ITSELF REMAINS WELL PLACED TO DELIVER OUR CURRENT PLAN, CREATING EXCEPTIONAL VALUE FOR OUR CUSTOMERS, SHAREHOLDERS AND SOCIETY.​.‍IT IS CRUCIAL THAT NEW HOUSING POLICIES SUPPORT LONDON MARKET, NOT LEAST BECAUSE CAPITAL IS SO IMPORTANT TO PROSPERITY THROUGHOUT REST OF COUNTRY​.‍WE WELCOME FOCUS ON HOUSING IN LAST MONTH'S BUDGET; PARTICULARLY HELP FOR SMALL DEVELOPERS AND MEASURES TO GET MORE LAND INTO DEVELOPMENT.​.‍£1.5 BILLION PRE-TAX PROFIT TO BE DELIVERED IN TWO YEARS ENDING 30 APRIL 2019​.‍FIVE YEAR PRE-TAX PROFIT GUIDANCE STARTING 1 MAY 2016 UPDATED TO £3.3 BILLION FROM £3.0 BILLION​.  Full Article

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Investors grab Brexit bargains among UK housebuilders

LONDON Daring investors are dipping their toes back into UK housebuilders, attracted by high dividend yields and low valuations even though they are seen as among the most vulnerable sectors in the event of a messy Brexit.