Derwent London Share Discussion Threads

[northernlass] 25/8/2012 06:41

Derwent Gets London Boost

DERWENT GETS BOOST FROM LONDON'S 'SAFE HAVEN' STATUS

London is enjoying "safe haven" status among investors according to FTSE 250 property company Derwent London.

The company, which specialises in offices in London's West End and the borders of the City, said the eurozone crisis had driven more investment to the capital.

London office transactions totalled £7.2bn in the first half of the year – the most over a six-month period since the second half of 2007.

John Burns, Derwent's chief executive, said: "London has become increasingly polarised from the rest of the country. Overseas investors are very much wanting to put money here."

The value of Derwent's property portfolio rose 3.3pc in the first half of the year, with rents up 2.8pc.

The company has secured a pre-let to Burberry in the largest letting in the West End this year so far. Just 1.1pc of Derwent's space is vacant. Mr Burns said there was reasonable "pent-up demand" for West End office space against a backdrop of little development.

He said the company was feeling positive about the second half: "We're getting all our rents in on time. We're getting the signals. You get a feeling."

Mr Burns said the company was expecting to be in a "low interest rate environment" over the next five years. He said there was unlikely to be a "tremendous spike" in rents.

The interim dividend, payable on November 1, rose from 9.45p to 9.95p a share.

Source:


P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[utsushi] 30/1/2012 14:16

Interesting development pipeline for 2012/2013.

[utsushi] 24/8/2011 10:18

Stiff + Trevillion also good, 1st rate London developer IMO.

[nellie1973] 16/2/2011 13:38

Another broker upgrade

[nellie1973] 08/2/2011 16:43

Broker notes out

[slogsweep] 17/12/2010 08:18

bright start this norning , any news ?

[pillion] 29/3/2010 12:28

Tipped here

[fast investor] 25/3/2009 16:05

BROKER NEWS UPDATE

an ADVFN competitor

Drax was today moved back to reduce from add at Evolution, with a target price of 485p.

Derwent London upgraded to buy from hold at KBC Peel Hunt following analysts' presentation.

[fast investor] 23/3/2009 11:18

Long term chart looks very positive.

Stock coming off a double bottom and breaking out from a downtrend channel.

Moving up we have fresh air until resistance at just under 900p around 890p.

Worth getting on for the ride.

[elmfield] 12/2/2009 14:13

i guess we won't need a rights issue, so that is something,
will buy but I don't think we are near the bottom yet,

[crumppot] 07/1/2009 11:44

anybody know why they have increased so much. It seems better than the market.

[25babies] 12/8/2008 17:40

A 20% increase in a month in a faltering commercial property market - what's up - was it oversold - or is someone sniffing around?

[flateric] 02/6/2008 21:03

Anyone watching this one? Is that a hammer today? Volume. Watching for a break up now.

[fabou33] 24/1/2008 19:45

thanks a lot.

[hamsterwheel] 24/1/2008 17:21

Dunno, but does that a lot, though not often to that extent.
If you're going to sell, do it in the morning.
Buy, in the afternoon.

[fabou33] 24/1/2008 17:18

I was wondering the whole day about the reason ,what made the price of this share to be so high about 11% up then at once after one hour or so was much down.is there anybody knows, to tell me please ..

[hamsterwheel] 24/1/2008 08:23

Nice bounce back today !

[elmfield] 07/1/2008 14:15

Held onto a few of these since LMS but I must say am starting to wonder if sub £10 looks like possible this year
However it seems that property has become attractive as long as it is the best,so to cover a rally I have added at 1350, though keping enough powder dry to buy more should it fall back again.

[notanewmember] 06/12/2007 12:27

Buy on the rumour of a BOE rate cut, sell on the fact - Great trade that was.

[notanewmember] 02/12/2007 20:56

No risk to the directors who get the "free" shares. If they go up - they can sell down the line... If they go down, they've lost nothing.

[hamsterwheel] 30/11/2007 10:52

jonwig - look at point 8 of the RNS's.
They are allotment of shares under the perfromance scheme.

[jonwig] 29/11/2007 15:49

How do you arrive at that, HW?

Six of the 7 RNSs referred to purchases at given prices on 21/11*, totalling 105,814. There was an O trade of 84,417 shares on that date. Seems a close enough match to me.

*eg. SJ Silver ... 25,019 shares @ 1336p.

[hamsterwheel] 29/11/2007 09:17

joneig - actually, they got given the shares. Rather different !