Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
FTSE 100 housebuilder Berkeley Group (BKG) has issued a “Strategy and Trading Update” announcement including that it is “announcing decisive action to maximise long term shareholder value by prioritising value creation from our existing land holdings, tightly sequencing construction, flexing the pace of BTR (Build-To-Rent) investment and maintaining disciplined capital allocation while continuing shareholder returns… anticipate delivering above £1.4 billion of pre-tax profit, over the next four years (FY27 to FY30)”. So what about a current share price response to around 3000p, more than 12 down?
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.