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Share Name | Share Symbol | Market | Stock Type |
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Blackrock Intl | BLK | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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2.25 | 2.25 |
Top Posts |
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Posted at 05/7/2007 06:04 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 31/3/2007 09:46 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 15/5/2006 21:46 by gateside Company Website: 3 year EURO v POUND Chart |
Posted at 18/12/2003 07:44 by boadicea Blick receives offer of 300p plus a 6p special div. |
Posted at 11/12/2003 13:45 by johnroger Blick bid should be encouraged Published: 10:43 Wed 10 Dec 2003 By Jemma George, Smaller Companies Editor This year is the first in four in which Blick shares have made any meaningful progress, and even then from a low base, so news of a possible bid should delight investors if it can be sealed. In response to speculation and the recent rise in the share price Blick (BLK) said today it has received an unsolicited approach, which may lead to an offer in the region of 300p per share in cash. The security, communications and time management company also announced full year results to September including a slightly improved profit of £8 million against £7.8 million from turnover of £69.2 million. Net debt has been reduced to £13.5 million from £15.7 million and the final dividend maintained at 9.5p resulting in a static full year payout of 14.5p as expected. The Blick team has worked a no frills job over the last few years but there is no getting away from the poor performance of the shares, which depending on the investment timing, have provided a favourable income yield but little in the way of consistent capital growth. In this respect the board should seize the opportunity to sell the business and lock in some of the value created this year. Annual growth in new rental orders were up 18% to £12.7 million and the contracted rental book is stable at £93 million. New developments include a Blick Finance division and greater emphasis on integrated services. However, there is a sense that the company has never really been understood by the average investor. It is often described as 'a quirky little company'. The activities are often technology driven but are quite simple. In the office environment the group can set up access control, parking management, CCTV, working time management systems, wireless staff communication and safety procedures, such as evacuation, and various related and integrated solutions. Contracts can run over several months or years but the competition is tough and thus pricing is in continuous check. Blick confirmed today that trading conditions in some of its markets remain challenging, but further it expects moderate progress this year. Forecasts for 2004 include a pretax profit of £8.5 million and the same dividend of 14.5p. Growth is running in high single digits if and when achieved. There will be disappointment if the indicated offer is refused or withdrawn. The pressure is on for a deal. |
Posted at 11/12/2003 13:26 by johnroger Blick surprises with news of 300p a share approachBy Damian reece, City Editor 11 December 2003 Blick, the support services group with contracts at the Rampton and Broadmoor secure hospitals, has received a 300p-a-share cash offer thought to be from a private equity bidder. The offer is at an 18.3 per cent premium to Tuesday's closing price. The indicative proposal would value the business at £93.5m. The company also has net debt of £13.5m. Although it is often mentioned as a bid target, Blick's announcement took the market by surprise. The shares rose 11.8 per cent on the news. Analysts believe the company's attractive cash generating powers are likely to have attracted a financial buyer which could further boost the company's cash position by suspending dividend payments under private ownership. The company, which announced better-than-expected annual results yesterday, offers a variety of security and communication services to companies and government organisations, including personal alarms and pagers for staff at Rampton and Broadmoor. The announcement of the takeover approach came after the company had seen its shares rise sharply in recent days. It said discussions were continuing and that a further announcement would be made. The company's shares rose 30p to 283.5p yesterday as the market absorbed the news. The shares hit a low earlier this year of 154p but the City was encouraged by yesterday robust results. Analysts believe the company's improved performance makes it more likely the putative bid will materialise. However there is no certainty shareholders will accept a bid for the reinvigorated company. They may wish to hang on to their shares and participate in the company's future growth prospects. Vanda Murray, the chief executive of Blick, unveiled turnover for the year to September 30 of £69.2m and operating profits of £8m, which beat analyst expectations of about £7.7m. Earnings per share were also much higher than the market expected, coming in at 21.6p. Ms Murray said she was delighted with the progress at the communications division, where sales were up 16 per cent to £17.9m. The division includes digital television signal distribution technology, wireless messaging and the staff protection and paging business. Ms Murray said: "We end the year in a stronger position and are confident that we can build on the investment we have made in products and market development. We anticipate continued progress this year." 11 December 2003 13:21 |
Posted at 04/12/2003 11:36 by a2336418 Missed this one....should have averaged down circa £2.....might still add to holdings......good divi soon to be better covered? or increased? |
Posted at 25/11/2003 09:49 by boadicea Johnr- Yes, still in BLK. In the absence of other guidance I am assuming 10th Dec for results and that they will broadly meet expectations.Those two large trades on 20th could be a largely off-setting buy and sell by institutions as no direct effect on price. Also, note that the 13th Nov probably brought co into T+20 range. |
Posted at 04/9/2003 10:24 by boadicea So very quiet on here!BLK appears to be bracing itself for an attack on 220p resistance level. There has usually been a trading statement at beginning of Oct but it was missed last year. Hope to see one this year and will view it as mildy negative if not. Just to remind, the interims looked good - gently up on py - and chairman sounded confident. In the present improved market this one should have advanced further imho, but please dyor. |
Posted at 17/6/2003 12:35 by boadicea Long time no posts.Interims looked quite respectable - above expectation. Now we seem to have movement with some larger deals in past day or two. Mainly modest buys this morning. It's time this one woke up, but does the recent action presage something better? |
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