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BLK Blackrock Intl

2.25
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blackrock Intl LSE:BLK London Ordinary Share IE00B134XK63 ORD EUR0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.25 GBX

Blackrock Intl (BLK) Latest News

Real-Time news about Blackrock Intl (London Stock Exchange): 0 recent articles

Blackrock Intl (BLK) Discussions and Chat

Blackrock Intl Forums and Chat

Date Time Title Posts
04/4/201221:40Blackrock International Land55
18/12/200307:44Blick Growth & Yield, Interesting69
17/12/200214:28Blick is on the move63
05/12/200111:07Blick up 15% but sector up 30% ????2

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Blackrock Intl (BLK) Most Recent Trades

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Blackrock Intl (BLK) Top Chat Posts

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Posted at 30/3/2011 10:48 by a shot in the dark
NAV now at 4.5p - share price 2.25p. Huge discount to NAV and tenanted properties producing reasonable revenue returns. Most of lastyears drop in property prices were in the Irish sector. Europe and UK property values are starting to move forward. When the Irish banks can be underpinned by the EU the pressure on the asset values and financing of BMLs Irish portfolio should become easier. This must be the low point for BML and a return to a share value closer to NAV (as in most commerical property) should be expected here. (100% potential upside over time).

IMO - DYOR
Posted at 05/6/2008 07:38 by gateside
Blackrock making steady progress in 2008



Despite the changed market conditions in the property sector since the latter part of 2007,
Blackrock International Land plc has continued
to advance its strategic objective to build a substantial international property business with
a clear focus on development opportunities
supported by a strong investment portfolio.

During the year to date, the company has made progress in adding value on several of its
significant development properties. On the
investment front, it has continued to explore a substantial number of opportunities but has
not concluded any significant transactions so
far in 2008.

In relation to the outlook for 2008, the company benefits from a robust portfolio that is
well diversified geographically and by sector.As such, it is well positioned in terms of the current market environment. While the values of
certain of its investment properties have
seen some decline, progress has also been achieved on the development side of the business.

Pending formal valuations at the end of June by its external valuers, and excluding the
impact of the strengthening of the euro against
sterling, Blackrock is targeting an unchanged net asset value per share at the half-year. The
impact of sterling translation at the current
exchange rate would be a reduction of slightly over half a cent per share. It seems prudent
at this stage not to assume any growth in net
asset value per share for the full year.

While it is disappointing that the work being undertaken to develop the company's
portfolio has not yet been reflected in an overall
increase in values, the board believes that its continuing efforts will deliver benefits for
shareholders in due course.
Posted at 19/7/2007 11:41 by gateside
Share price is looking a bit more perky

:-)
Posted at 05/7/2007 07:04 by gateside
Blackrock International Land "add"

Wednesday, July 04, 2007 9:53:30 AM ET
Goodbody Stockbrokers

LONDON, July 4 (newratings.com) - Analyst Dan Cavanagh of Goodbody Stockbrokers maintains his "add" rating on Blackrock International Land (ticker: BLK).

In a research note published this morning, the analyst mentions that Blackrock International Land has acquired an office and warehouse complex for a total consideration of €12 million in Milton Keynes, bringing its total investments in FY07 to €90 million. The complex consists of two separate buildings, and the aggregate rental yield obtained from the letting out of these two buildings to separate entities is 6.85%, the analyst says. Blackrock International Land has identified around 1.2 acres from the acquired land for further development, Goodbody Stockbrokers adds.
Posted at 24/4/2007 14:37 by gateside
Goodbody shaves 14pc off Blackrock value

Tuesday April 24th 2007

GOODBODY stockbrokers has shaved 14pc off its price target for Blackrock's stock after the company's management guided that it could take up to seven years to realise the full potential of five key development sites.

Cutting its share price target to 54c from 63c, the broker said it had previously expected that the development work would be completed within three years.

Blackrock was spun off by Fyffes last year, but the fruit company continues to hold a 40pc stake.

Blackrock's portfolio of five development assets are valued at €105m, but they could be worth about €229m if redeveloped, according to Goodbody analyst Dan Cavanagh.

The development assets include: the 1.6-acre site on Beresford Street where Fyffes is headquartered; the former Gateway complex on 23 acres in Clonshaugh, Dublin 17; two sites in Swords, one on 32 acres, the other on 17 acres; and 105 acres near Edinburgh, in Scotland.

Values

"In estimating these values, we have taken recent deals in similar properties and discounted the recorded transaction by approximately 50c to reflect the probability of Blackrock obtaining the appropriate planning permission for development," said Mr Cavanagh.

Factoring borrowing costs of 8pc into the equation, Cavanagh said that the net development value would be around €184m, or 31c a share.

Having inherited 30 properties from Fyffes last year, Blackrock has spent €182m on acquiring 23 additional properties. Some €124m, or 68pc, of the amount was spent on investment properties, which have a blended yield of 6.5pc.

Goodbody has pencilled in a net asset value of €135m for Blackrock's investment portfolio.

The broker continues to have an 'add' rating in the stock which is listed on the IEX junior market in Dublin and AIM in London.
Posted at 31/3/2007 10:46 by grahamg8
Bigbren my calc came to 75c so we are pretty much in agreement. BLK have bought an amazing amount of property in a short time with very little cash in the pot. I'd like to see some news on realising profits on their existing ex Fyffes portfolio. Tenants vacating, planning permission, JV or sale as development projects. This is when the true value is going to become more visible.
Posted at 13/2/2007 14:59 by bigbren
Gateshead, hopefully the prelims will be good enough for people to take notice
and start buying a few, believe that this share can rise with decent RNS
Posted at 02/12/2006 09:24 by charlie11908
One punter observed, looking down his list of property assets
yesterday at lunch in Nesbitts, that the portfolio could fetch
in excess of 800 million euros, or 1.60 Euros a share!!!!

That he and a couple of other well known gamblers picked
up the phone when they were done....did'nt surprise me!!!!

Caveat Emptor!!!!!
Posted at 01/12/2006 09:13 by charlie11908
Blackrock International (Add, Closing Price €0.45); Shares changing hands
Analyst: Philip O'Sullivan T +353-1-6419150 E philip.d.o'sullivan@goodbody.ie
Following on from recent press reports of a mystery property developer accumulating a stake in Blackrock, with the possible intention
of making a bid for the company, trading volumes in the shares have been well above average. However, an announcement of a rearrangement
of the McCann family holdings, between different trust companies, can explain approximately half of yesterday's trading
volume. Whilst there is increased interest in the company revolving around the Smithfield assets, we still believe a hostile bid for the
company would be difficult to achieve.
Posted at 09/6/2006 20:30 by primachm00
ANYONE KNOW WHY PRICE INCREASED ALMOST 50% TODAY?
Blackrock Intl share price data is direct from the London Stock Exchange

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