Hello Share Mashers. My favourite builder is still flourishing despite a few nasty headwinds currently assailing the house-making game. Higher interest rates and the galloping cost of raw materials have so far made little difference to the company’s performance. Berkeley Group (BKG) is on the way to achieving its targets for 2022.
Hello Share Mashers. My favourite housebuilder Berkeley Group (BKG) has released some chirpy full-year figures. The group’s house sales were well up on last time, though selling prices and costs ate into earnings. Never mind, profit before tax still rose 6.4% to £551.5 million. And as long as profits keep on rising, despite all the headwinds blowing around these days, share kickers like us should be happy.
Hello Share Punchers. House building seems to me a promising sector and my favourite member of the group continues to be Berkeley (BKG). The future looks bright with underlying sales reservations slightly better than before the virus.
Hello, Share Swiggers. As mentioned before, I’m a current fan of housebuilders and of Berkeley Group (BKG) in particular. Because though house prices continue to surge in most parts of the country, shares in builders haven’t fared as well as the average FTSE 250 company over the last year. In fact, they have underperformed the market by 10%.
Hello Share Minders. My favourite house builder is on track. It expects to make a full-year pre-tax profit of about £518 million and possibly more. For this we can thank rising house prices and tighter efficiency. The firm says future orders are now similar to levels before covid.
Hello, Share Trackers. When a company turns in nearly 7% better profits than last time, while Covid’s with us, then you've cause to respect the chances of the share rising. Full year revenues for my favourite house builder, Berkeley Group (BKG) improved by nearly 15% to £2.2 billion, while operating profits climbed to £502.3 million.
