British Land Share Discussion Threads

[skyship] 12/5/2013 17:12

BLND has risen 13% in just one month; and in doing so has motored to a 4% NAV premium. With the indicators seriously overbought and the share price well ahead of the Moving Averages, a pullback looks a near certainty.

I admit to being surprised by this strength; hadn't reckoned on the institutions buying regardless of value.

My preferred play in the sector (DSC) has risen only 6% in that period; but after the recent Prelims, a bullish webcast, a 1m share top-up by the George Soros' Quantum fund and a bullish chart view, they now look set fair to outperform as they are still trading on a 36% NAV discount.

[pineapple1] 09/5/2013 13:36

Yes that will do me nicely.I'll take off half and leave the rest to run.

[miata] 09/5/2013 12:35

"British Land ticked up 1.5p at 619.5p on news it will provide free wi-fi at its shopping malls after signing a digital joint venture with BT. Shares in BT Group eased 3.2p at 279.1p in response."

[1nf3rn0] 07/5/2013 21:55

You might get your 620 this week pineapple.

I'm going to stick around a while longer. Steady growth and 4.5% dividend is not too shabby.

[pineapple1] 25/4/2013 15:13

Yes.I like the chart pattern here.I,m in from 5.81 the other day.Looking for about 6.20

[1nf3rn0] 22/4/2013 22:19

Looking good for a push through 600p in the near term. A nice steady uptrend seems to be in place here.

[miata] 05/4/2013 10:19

Scrip price 547.2p.

[miata] 04/4/2013 09:20

British Land gained after saying it is accelerating its investment programme in London and the South East with the purchase of its JV partner Tesco's 50% holding in the Surrey Quays Shopping Centre for £48m.

[smicker] 30/3/2013 14:46

Probably they thought they would be weak after the placing

[birdsedgeuk] 29/3/2013 15:07

Check out www.traderdiary.co.ukGood read

[bernardhy] 29/3/2013 14:58

The broker views are positive in contrast to the directors. Since last September the directors have sold significant portions of their holdings. Does anyone know of the reasons for the selling.

[tobias] 28/3/2013 15:45

nd heavyweight Hsbc Holdings PLC (HBC) slipped 0.4%.

Prudential PLC fell 2.3%, Schroders PLC dropped 1% and British Land Co. fell 0.6%. All three stocks went ex-dividend, meaning new investors lose the right to their latest dividend.

[tobias] 28/3/2013 15:43

did it go ex div on the 27

[philanderer] 27/3/2013 17:11

Societe Generale lifts British Land to buy from hold, target 630p

StockMarketWire.com

[shugsy] 26/3/2013 08:10

26 Mar 13 British Land Co PLC JP Morgan Cazenove Overweight 546.25 665.00 665.00 Reiterates

[shugsy] 22/3/2013 20:00

Chase accumulating here - RNS

[shugsy] 22/3/2013 10:18

22 Mar 13 British Land Co PLC Espirito Santo Execution Noble Neutral 553.25 603.00 603.00 Reiterates

[shugsy] 22/3/2013 08:25

RNS Number : 6076A

British Land Co PLC

22 March 2013

22 March, 2013

British Land and The Kennel Club agree terms for new headquarters

in Clarges Street, Mayfair

British Land has today exchanged agreements with The Kennel Club confirming terms to relocate and develop a new headquarters for the Club in Clarges Street, facilitating the company's plans to redevelop the entire site to create a landmark mixed use scheme.

Planning consent was originally granted in April 2011 for redevelopment of the site. The scheme comprised luxury private residential units fronting Piccadilly, retail and high quality offices in a separate block, and a new Kennel Club building. Since British Land's purchase of the Clarges Estate in November last year it has worked with The Kennel Club and original architects Squire & Partners to relocate the proposed new club and amend and improve the original scheme. A revised planning application for the improved scheme is being submitted shortly with consent expected later this year.

Tim Roberts, Head of Offices at British Land, said "We're excited by the opportunity to redevelop the Clarges Estate and our agreement with The Kennel Club is an important step in realising our ambitions for this landmark site in Mayfair. The acquisition of Clarges demonstrates British Land's ability to identify opportunities, deliver solutions and create value. We have agreed terms with The Kennel Club, as anticipated at the time of purchase, which enable us to redesign the scheme while also providing new modern premises for the club. This will enhance our central London development programme and strengthen further our presence in the West End."

Rosemary Smart, Chief Executive of The Kennel Club,said, "The Trustees of the Kennel Club are delighted to have concluded negotiations with British Land as authorised by the members at our SGM in January 2013. The British Land team have listened carefully to the Club's requirements and have designed a brand new London headquarters building which will meet our future needs. This is an important event in the history of The Kennel Club and we look forward to working closely with their team over the coming years."

British Land's 2.2 million sq ft of central London offices and residential committed developments includes: a new 700,000 sq ft building for UBS at 5 Broadgate; The Leadenhall Building, a 610,000 sq. ft. tower, in London's insurance district; and a 500,000 sq. ft. mixed use office and residential scheme at the Regent's Place estate in the West End. It also includes a number of stand-alone residential developments. Since the beginning of 2009, British Land has completed 143,000 sq ft of residential developments in London, with a further 200,000 sq. ft. due to be completed by the end of 2013.

[smicker] 22/3/2013 00:04

Thanks Miata

[miata] 21/3/2013 17:36

Minimal (compared with recent placing).

Weighted average diluted number of shares FY2012: 892 million, FY2011: 882 million, ie an increase of 1% in total from all causes.

[smicker] 21/3/2013 17:00

How much dilution does the scrip dividend cause on average DAK?

[shugsy] 21/3/2013 14:05

Strong US data.

Property performing well and we normally follow them.

[2ngh] 20/3/2013 18:17

Dividend next week, expecting a return to 580. Defensive play with a 5% yield in these markets is a desirable combination. Good value at these levels.