|British Land Company
||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
British Land Share Discussion Threads
Showing 1626 to 1649 of 1650 messages
|Just looking at BLND as it happens, hold HSTN,
tempted to buy a few.|
|Just trending sideways. Real value here but what is going to turn sentiment around. Lots of patience required.|
its the oxman
|Possible post A50 bounce on the cards?.|
|Going like the proverbial clappers here today.
Tim Roberts, Head of Offices and Residential, British Land, said: "The interest we've seen in 7 Clarges Street and these transactions evidence occupiers' continuing appetite to make long term commitments for the best buildings in London's key financial and cultural districts.
"Securing 83 per cent occupancy at 7 Clarges Street, just four months after its launch in September, is testament to the design and quality of the workspace and the appeal of the location."|
|Yes, not looking good. Will sell the initial holding bought last week if still below 580 towards the close and look to re-enter at a lower point.|
|Below 5.80 atm, so a close below that level perhaps unless
wider markets bounce back|
|It's so difficult to get an optimal price, if I decided to buy a few it
would be in small stages only.
There are headwinds, think everyone would agree with that, however this is a
Another downward lurch would not surprise me.|
|A close below 580p would certainly be disturbing:
free stock charts from uk.advfn.com|
|Just thinking the very same atm Jack.|
|580-585 seems critical. A break below 580 would not be good. That dividend is so tempting at this level though......... Have dipped toe in water but monitoring closely.|
|I disagree that the fears are unwarranted but only in the short term say 2-3 years then the City will pick up again but there is no doubt whatsoever that jobs will goto EU as banks etc have to open subsidiary offices in EU to get the deals etc which may well be done in the UK. After a couple of years once the government has firmed out what role London will play in the global finance markets I expect office space demands to rise again. Retail on the other hand is dead regardless and replacement renters found for it. I can see long term all SHOULD be fine but there is definitely room for declining profits|
|I feel sure that the banker brexit fears will prove to be unwarranted; but the reality is that no-one knows, so in the meantime sentiment will prevail - perhaps taking these lower. Personally on the sidelines for a little longer...
EI - I've added your HSTN to the Header charts on the CP+ thread.|
|I suspect the heavier discount for BLND reflects their greater exposure than LAND to City/Central London office space. there is a great deal of talk re banks & other financials moving operations that need to be in the EU to Dublin/Frankfurt etc so the potential downside for valuations is a concern.|
|BLND's assets look to be split about 50:50 between offices and what they call "retail and leisure". I'm guessing they have a lot of shopping malls that include cineplexes and eating places etc so the actual retail exposure may be less than expected.
Not really had a good look yet at the peer group but I think LAND is on a 28% discount to NAV and yields 3.5% compared to BLND's 35% discount and 5% yield. BLND though has a higher LTV; 30% versus 22%|
|Have this on watch, HSTN and HLCL my sector plays atm.
LAND perhaps less downside than BLND, however BLND's yield may help compensate
|Teenage scribblers at Liberum & Numis talking down BLND! May help to explain the weakness here...
|Land maybe the value but its the quality of the renters that matters. Lower quality, lower rent. I don't see how you can guarantee the next tenants could afford to pay the same rent. Bricks and mortar retail is in decline saying don't worry someone else will come along is just wishful thinking and not a way to invest.|
|I've bought in here as long term this will add income value. The land is the value not who rents it. If shops close down / move out they shall be replaced by social outlets like eateries etc. British Land still wins on the retail front IMO|
|2 trends I have noticed lately that will surely effect BLND.
High Street sales fell in December for the fourth year in a row, as shoppers shifted more Christmas shopping online.
Leading international UK-based banks are in advanced stages of planning to shift operations to Paris as London braces for the impact of Brexit, France's chief financial regulator has said.
The latter is off course a debatable point but there will be some movement and disruption short term in the negative to London office space at least until matters settle down. The first is a definite trend.|
|This seems to be performing worse than other REITs for some reason.
London and South East are 58% of assets with the rest spread out over rest of England and Scotland so its reasonably well diversified.|
|Bamboo gives his chart interpretation:
|Well no doubt everybody on this thread would agree that BLND at or below 600p is bizarrely cheap. A FTSE 100 blue chip on a 5% yield and a 35% NAV discount!?...
Sentiment against Commercial Real Estate will swing back in favour at some stage as the pension funds recognise that rents are, surprise surprise, holding up well due to the strong economy and past lack of sufficient development to cope with demand.
I shall be looking to buy back in here this coming week; though I am concerned at the technical weakness:
free stock charts from uk.advfn.com|
|I've been buying this the last couple of days since the discount to NAV is 35% and yield is 5%. Pretty good for FTSE 100 stock. The shares were at 875p just over 12 months ago and 750p before the brexit referendum so I'm guessing a lot of bad news already factored in at the current 591p share price.|
|Sky: looking at that chart around 585 looks to be the buy area. Not far to go.....|