Sunday Long Reads: Lawless high seas, Warren v Obama, Trump's "Genius", Live with Climate Change, Bungled North Korea raid
Hello, Share Trotters. I believe those who say Britain is facing the biggest constitutional crisis since World War 2. But I don't think shares will suffer much. That’s because the problem has already been factored into the Footsie. Probably by far too much. You can’t get away from the fact that, compared to most of the world, many British shares are cheap.
Hello Share Topplers. Since I last commended my favourite builder to you, its share price has marched ahead. But there could be further to go for Berkeley Group (BKG). The company has done what we all seek to do, but rarely succeed. That is: it has worked out the best timing...
Hello Share Takers. The victory of our new prime minister caused the stock market to take its biggest leap for some months. And though it did retrace the next day, the Footsie is bounding up again, as I write. It may be the noisy optimism of the bloke, but there are other reasons why the Boris effect is energising the market.
Hello Share Rattlers. Despite the fact that I’ve written in recent times in support of housebuilders, I hold few building shares in my portfolio. That’s because of laziness, rather than caution. But one of the few companies I’ve invested in is Berkeley Group (BKG). Many house builders have reported disappointing figures recently, as fears about Brexit, founded or not, have bit into the sector...
Hello, Share Smashers. With the price of homes retreating, you might be tempted to stay away from house builders. But one company I think might continue to do well is Berkeley Group (BKG). I’ve covered this sprightly builder a few times over the last year or so and the trend has always been up. Other builders have struggled, but not this one.
Hello, Share Crunchers. As my mum and dad told me to be a modest chap, I rarely blow my own trumpet on this hallowed website. However, when my critics derided a previous tip, it has to be recorded when said recommendation goes on to rise like a rocket.
Nobody rings a bell at the top or bottom of the notoriously cyclical UK housing market, but one operator who has shown impeccable timing over decades was busy selling stock last week. Famously near the top of the last cycle he sold out and left his company only to re-join when it was in the doldrums. This is why it is very important to take note of his actions. Last week Berkeley (BKG) founder Tony Pidgley, sold 750,000 shares to make £26.8m as bosses at Berkeley cashed in more than £40 million of shares as they reached record highs. As the stock hit 3575p, the luxury housing developer’s founder Tony Pidgley, who left school at 15, sold 750,000 to make £26.8 million, while chief executive Rob Perrins sold 500,000 to make £17.8 million.
If you look at the FTSE-350 names reporting today there is something of a thematic bias with names like Barratt Developments (BDEV) and Berkeley Group (BKG) updating investors with their latest.
Hello Share Trenders. I’m about 10% in cash at the mo. It’s out of the ordinary for me to have so much money not in shares, but even raving optimists have to take a bit of notice of the gloomsters who heavily outnumber me - many of which write on this glittering website. However, I have spent some of my cash reserve recently on shares in three companies in the house building game. You’ve probably read me being boringly bullish about this sector over the last year.
Hello Share Swipers. You may recall that I’ve been saying most house builders are worth your attention these days. I base it on the rules of supply and demand and wheezes, both new and old, by the government to boost new homes. I’ve been right so far. Just one example is that Berkeley has announced a leap in profits by a third on the half year to the end of October.
Hello Share Twiddlers. I've long advocated a low p/e ratio as a good sign that a share might be worth buying. Though sometimes a high number is not always a discouragment, as we also have to consider the chances of the company under review really taking off in the future.
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