Market's view on Berkeley Group
Published on April 2024
- Stock watchers highlight the sale of £3M worth by directors at a rate of 4472, which negatively impacted the share price, combined with downgraded earnings targets.
- Observations on a positive, short-term uptrend in share price are made, despite falling house prices.
- There are mixed responses to financial reports, with comments ranging from meeting expectations to muted reactions.
- Updates on rate cuts and robust house prices contributing to a strong outlook for the future are discussed.
- The potential cut in stamp duty is viewed as a possible boost to share prices.
- Concerns about the efficacy of Stamp Duty changes in supporting the housing market due to ongoing costs like mortgages and rising energy prices.
- The impact of global economic factors on local markets is noted, such as US indices affecting FTSE 100 companies and potential energy crunches in France due to nuclear reactor shutdowns.
- The housing sector shows signs of rising, driven by a queue to rent houses.
- Market predictions include a significant downturn, referencing past financial crises and current economic conditions in the UK.
- Speculative trading and profit-taking behaviour are identified.
- The influence of significant shareholder actions, like Marshall Wace reducing their short position, is pointed out.