Land Securities Share Discussion Threads

[scburbs] 15/5/2009 16:02

Lochgarman, I will do a comparison next week when BLND release their results for the comparable period. I suspect there is little to choose between them.

[lochgarman] 15/5/2009 11:37

scburbs...which do you prefer land or blnd?

id be more inclined to go with blnd buy could be totally wrong.

[gumarabic] 15/5/2009 07:35

no MNR is a complete crock. Walbrook development will fall with its face into the mud. Stick to LAND better quality

[josels] 14/5/2009 23:48

question in this forum that is more impartial
Any views about mnr? Is it a worthwhile stock to buy? a lot of speculation today.

[gumarabic] 14/5/2009 21:58

Looking for a jump over 500p tomorrow and perhaps 530p next week?

[scburbs] 13/5/2009 20:16

Careful,

There is oversupply at the moment, but new supply is pretty close to zero for the forseeable future. Therefore, if you think growth will return at some point then the oversupply will be reduced fairly quickly when demand picks up and could quickly become a shortage again.

Hooley, Thanks, that explains it.

[hooley] 13/5/2009 19:20

scburbs 220: Missed a line out - assuming further fall of about 15% or so in nav this year, then a 20% discount on the result. It's what happens to long-retired analysts! Broad brush is all I can manage these days.

[careful] 13/5/2009 18:57

the big worry here is that there will not be the need for so many government buildings, offices and shopping malls going forward.there is oversupply.

[scburbs] 13/5/2009 18:36

You are asking why people talk about yields on a company that is required to distribute 90% of its net rental profits (i.e. it cannot pass on its dividend) and whose annual dividend of 28p is more than twice [EDIT, only 1.5 times after new shares] covered by profits generated primarily from long term rental contracts?

[po0h ber] 13/5/2009 18:23

why people talk about yields on high risk stocks

[scburbs] 13/5/2009 18:08

Hooley, Agreed. A fall to £4 would see me buying again as well. Not sure how you get to that being a 20% discount?

[hooley] 13/5/2009 17:09

A 20% discount to fully diluted NAV indicates share price of 397p. Dividend of 28p this year at that price gives yield of 7%. Not quite a double bottom, but enough to tempt me back in.

[decoy] 13/5/2009 16:23

320p target - absolute nonsense.

[gumarabic] 13/5/2009 14:33

320p target here

[a0148009] 13/5/2009 08:31

Fully diluted NAV 593p.

AO

[careful] 13/5/2009 07:45

Todays results look horrendous.
Nett asset value 639p compared with 2304p at the end of 07.
the magic of gearing and an 'efficient' balance sheet.!

[scburbs] 07/5/2009 11:59

Congratulations to those who invested here in March. I have been crystallising some very nice profits. Hope those who were short crystallised their profit once the momentum had clearly changed.

[hooley] 07/4/2009 11:22

It's been a nice little earner for the traders. The best is over in the short term imho. Given the speed with which it's come off the bottom it might need to form a double bottom? Worth going back into if it drops usefully below 400p. I'll keep this one on my watch list. Any good ideas out there?

[damian] 07/4/2009 09:12

I am out of Land sold my holding yesterday,they had a good run,and maybe due a pullback with the earning season in the USA.

[damian] 02/4/2009 14:39

Those shorts looking a bit sick with the Ftse and Dow powering ahead !.

The change to the FASB accountancy rules will help.



By Ian Katz

April 2 (Bloomberg) -- The Financial Accounting Standards Board, pressured by U.S. lawmakers and financial companies, voted to relax fair-value rules that Citigroup Inc. and Wells Fargo & Co. say don't work when markets are inactive.

The changes approved today to fair-value, also known as mark-to-market, allow companies to use "significant" judgment in valuing assets to reduce writedowns on certain investments, including mortgage-backed securities. Accounting analysts say the measure, which can be applied to first-quarter results, may boost banks' net income by 20 percent or more.

To contact the reporter on this story: Ian Katz in Norwalk, Connecticut at [e-mail].

Last Updated: April 2, 2009 08:45 EDT

[advfntom] 27/3/2009 18:59

Seems folks shorting it, a big sell of 436,000 shares at close today.
Big money must be expecting a big fall :o(

[damian] 25/3/2009 13:25

kiwi

Yes i agree just a Q of where the bottom is.Need some of those green shoots !.

UK commercial property values fall further, says IPD (UK)

Monday 16 March 2009
The slight decrease in the pace of capital decline in the UK commercial property market was sustained in February, with values falling by a further 3.08%, according to the IPD UK Monthly Index for February.
The latest monthly fall brings the total peak-to-trough decline in commercial property prices, since June 2007, to -39.5%. For the third consecutive month, capital value falls in the Retail sector led the way, at -3.35%, followed by Offices and Industrials at -3.03% and -2.53%, respectively. Income returns remained level with January, at 0.61%, itself a high since October 2002, contributing to total returns in February over the whole Index of -2.47%.

Investment returns for UK commercial property still compare favourably to those from equities, which were -6.52%, as measured by the FTSE All Share Index, and also outperformed bonds, which returned -2.80%, according to the FT Gilts 5 - 15 Years Index.

Despite robust income returns, rental levels continued to slide through February, falling by a further 0.93% - the sharpest single month movement so far in this recession. The primary driver was further rental weakening in the Office sector, which fell by 1.74% month-on-month, followed by Retails, dropping 55 basis points, and then Industrials, by 45 basis points.

The greatest deterioration in vacancy rates, measured as a rental value percentage of the overall income in the Monthly Index databank, was in industrial property, which increased by one percentage point to 15.5% in February, pushing up overall levels to 11.2% - the highest figure ever recorded and seven percentage points above the minimum recorded, at 4.2%, in March 1997.

Ian Cullen, co-founding director at IPD, said: "With only the slightest attenuation in the pace of capital value falls, the re-pricing cycle continues to run its course, now close to a 40% overall write-down. Perthaps the most notable feature of the February results, however, was the further weakening in Office rental values, recording over three times the drop of the other major sectors."

[kiwihope] 25/3/2009 13:18

You have to say the RI has been pretty successful overall. Good takeup, rump sold off in a couple of hours at a modest discount. The price held up pre-rights (remember the talk about whether property companies would get issues away at all). Now all we need is for signs of the recession bottoming out so that property can start to recover. I predict near the end of this year ...