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Berkeley Group Holdings PLC (BKGH)

London
Currency in GBP
Disclaimer
4,758.0
-4.0(-0.08%)
Closed

BKGH Price Commentary

A good dip to buy for strong dividend and growth.
The best large builder in the UK. Just take a look at Taplow Riverside. I'm going to take a profit now but will buy back after next drop.
In 2011 I bought an off-plan, new-built apartment from the Berkeley Group plc. r. r. My apartment is one of fourteen in the block found to lack adequate ventilation, to be excessively hot and to be suffering from 'Physical Damage' as defined by the ten-year Building Guarantee (this number reflecting only those who have brought successful claims under the Building Guarantee). r. r. There has been much published, by government and professional agencies, concerning overheating in new buildings - a problem predicted to be exacerbated by global warming. r. r. The remedial costs in my building alone run to £ millions, yet Berkeley Group plc continues to build thousands of similarly designed apartments, which remain the mainstay of Group profitability. r. r. How will the Group ensure the potentially catastrophic costs of remedying design defects throughout its portfolio of apartment buildings, does not undermine Group profitability and adversely affect the dividend paid to Group shareholders?
Unfortunately I agree. I am an Architect and I have seem some building under construction without proper design. Now I understand why the dividend is "not satisfactory".
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