This report is an updated version of the report published on 30 June 2025 at 08:00 AM GMT+1.

Section1: Company Overview

Berkeley Group Holdings PLC (LSE: BKG) is an FTSE 100 listed UK-based property developer specializing in residential-led, mixed-use projects across London, Birmingham, and Southern England. The company focuses on brownfield regeneration, transforming underused land into sustainable, nature-rich communities. 

This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Section2:  Financial Highlights – FY25

Section 3:  Stock Recommendation Summary

Valuation Methodology: P/E Multiple Based Relative Valuation (Illustrative):

Section4: Company Overview

Card Factory PLC (LSE: CARD) is a UK-based specialty retailer listed on the FTSE All-Share Index, specializing in greeting cards, gifts, and celebration essentials. The company operates through multiple segments, including its core Cardfactory Stores—a vast UK retail network (with a small presence in Ireland) selling cards, gifts, and party accessories—as well as its Cardfactory Online platform for digital sales. Additionally, its Getting Personal division focuses on personalized cards and gifts sold online, while its Partnerships segment distributes products through third-party retailers in the UK and overseas. 

This Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Section5:  Financial Highlights – FY25

Section 6:  Stock Recommendation Summary

Valuation Methodology: P/E Multiple Based Relative Valuation (Illustrative):

The stock has witnessed a downside of ~0.65% and an upside of ~10.13% over the 1 week and 3 months respectively. It is trading below the average of 52-week high price of GBX 144.25 and 52-week low price of GBX 73.00, providing an opportunity to accumulate the stock.

One-Year Technical Price Chart (as of June 27, 2025). Source: REFINITIV, Analysis: Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 27 June 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 6: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.