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TCSC Town Centre

303.00
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Town Centre Investors - TCSC

Town Centre Investors - TCSC

Share Name Share Symbol Market Stock Type
Town Centre TCSC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 303.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
303.00 303.00
more quote information »

Top Investor Posts

Top Posts
Posted at 25/2/2016 17:32 by jonwig
Town Centre Securities PLC, the Leeds based property investor and car park operator, announces that its Tradable Instrument Display Mnemonic ("TIDM") will be changed to TOWN (from TCSC) with effect from 0800hrs tomorrow, Friday 26 February 2016.

OK, I'll start a new thread then. But why bother? Seems trivial to me.

Here it is:
Posted at 23/5/2014 15:00 by jonwig
LEEDS offers the best opportunities for commercial property investors with key markets all underpriced, new research has suggested.

More;
Posted at 25/2/2014 12:57 by chairman20
buybacks

do I remember that the Ziffs famously decided
a couple of years ago to stop bothering with
Investor Relations and communication with top
shareholders as it took too much management
time for zero benefit?

I wonder if they are still maintaining that self-
defeating decision???

If they are then there is no way buybacks will
appear since it is only instis that benefit and
like them.
Posted at 24/2/2014 12:25 by dashton42
Simon Thompson, Investors Chronicle (he reiterates his Buy advice). For those with access:
Posted at 27/9/2013 08:42 by inki
IC says
Town Centre: enjoy the high yield and await re-rating
Bull points
5.1 per cent dividend yield
24 per cent discount to NAV
Property markets bottoming out in regional cities
Strong long-term track record
Secure debt

Town Centre Securities (TCSC) owns properties in Leeds, Manchester, Glasgow and Edinburgh - just the kind of big regional cities that should benefit as the commercial property recovery spreads beyond London. Yet its shares are cheap. Having lagged the market over the past year, they trade at less than three-quarters forecast book value. With limited risk of further property writedowns and ample scope for a share price re-rating and property valuation gains as investors warm to the potential of a regional property market recovery, we think now is prime time for investors to bag a well-covered 5.1 per cent dividend yield while awaiting more upside.
Posted at 02/5/2013 12:49 by jonwig
Simon Thompson covers again in Investors' Chronicle.
Subscription only, conclusion is:

Ahead of a trading update in mid-May, I remain a buyer of Town Centre's shares on a bid-offer spread of 195p to 200p. I still believe that a run up in the share price to around 230p is possible, to provide us with 15 per cent upside.



I haven't a date for any May IMS.
Posted at 27/2/2013 16:58 by jonwig
Yes - I think ST at Investors Chronicle has something to answer for here - too many blind followers of too many tips!

I must say, if I'd been a bit sharper on my toes, I'd have sold around 210p. No way is this going to race ahead of the market in secondary propcos.
Posted at 20/11/2012 15:10 by chairman20
Thanks Jonwig

it is not going to set the world on fire - is it?

The Ziff family situation is still probably the
biggest strategic motivator affecting the Group.

The diversification into Car Parks is an oddity -
especially in the production of cash income - I
think they kinda backed themselves into this
and possibly even quite like it as a sort of half
way diversification - but no doubt another
investor would divest it or spin it out as non core.
Posted at 08/2/2007 09:22 by johnalbertthomas
Can anybody tell me what is going on here? This was strongly tipped in Dec by Momentum investor at about 650p -- and has since dipped an now pulling back up. Something to do with interest rates? Why is the Per so low, or this typical for this kind of business?
Posted at 19/9/2005 09:44 by inki
Investors Chronicle September 16 2009
Town Centre saw strong valuation increases across its north of England portfolio. Retail warehouses and food stores fared best, posting a 14.8 per cent increase. And shopping centres rose 13.6 per cent in value, which helped boost the group's net assets, along with the £11.7m repurchase of 3.7m shares.......
Town Centre may be finding acquisitions hard to come by, but a strong book and an active development pipeline, make the shares good value.

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