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BCPT Balanced Commercial Property Trust Limited

79.30
-0.50 (-0.63%)
Last Updated: 14:03:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Balanced Commercial Property Trust Limited LSE:BCPT London Ordinary Share GG00B4ZPCJ00 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.63% 79.30 398,305 14:03:05
Bid Price Offer Price High Price Low Price Open Price
79.30 79.40 79.80 79.20 79.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 58.72M -94.38M -0.1345 -5.89 555.63M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:03:01 O 120 79.40 GBX

Balanced Commercial Prop... (BCPT) Latest News (4)

Balanced Commercial Prop... (BCPT) Discussions and Chat

Balanced Commercial Prop... Forums and Chat

Date Time Title Posts
15/4/202419:59BMO Commercial Property434

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Balanced Commercial Prop... (BCPT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:03:0179.4012095.28O
13:03:0179.30800634.40AT
12:53:0779.30956758.11AT
12:53:0779.304434.89AT
12:49:2879.371,031818.34O

Balanced Commercial Prop... (BCPT) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Balanced Commercial Prop... Daily Update
Balanced Commercial Property Trust Limited is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker BCPT. The last closing price for Balanced Commercial Prop... was 79.80p.
Balanced Commercial Prop... currently has 701,550,187 shares in issue. The market capitalisation of Balanced Commercial Prop... is £555,627,748.
Balanced Commercial Prop... has a price to earnings ratio (PE ratio) of -5.89.
This morning BCPT shares opened at 79.80p
Posted at 15/4/2024 07:10 by spectoacc
Something had to be up, albeit there's no actual talks. BCPT been doing bizarrely well, but seemingly not well enough to be a REIT survivor.
Posted at 08/3/2024 14:49 by spectoacc
Keep thinking there has to be a bid - but still nothing, and still BCPT drifts up.

Not a holder, but was for a long time & this isn't usually how it behaves.
Posted at 12/1/2024 07:58 by vacendak
Selling off some offices, not exactly fire sale but at a slight discount.
I guess they got to do what they got to do for the "B" in BCPT.
Posted at 25/10/2023 09:02 by spectoacc
Forgot all about the continuation vote - wouldn't fancy being a seller in this market tho.

Always been a fan of the differentiation St Chris's brings, but worth noting the office exposure within that has been a drag:

"The mixed-use asset at St Christopher's Place, London produced a total return of 0.1 per cent as it continues to recover post Covid. A marginally negative capital performance of -1.5 per cent was driven by the holding's exposure to the office sector, which makes up circa 16 per cent of the asset's capital value."

And:

"The performance of the Company's office holdings was the main drag on performance, as the sector delivered negative capital growth of -7.5 per cent and a total return of -4.6 per cent."


BCPT also said this in September:

"The main drag on performance has been the portfolio's exposure to the office sector, particularly select regional office markets and those buildings on shorter leases. Although the Company decided to reduce its office exposure through the sale of Cassini House in 2021, and while our office assets have generally been backed by positive tenant demand, overall sentiment to this sector of the market cannot be ignored. The Manager is therefore reviewing the portfolio weighting and is actively looking to further reduce the Company's office exposure. "

Been nothing since, but any decent sales might give them a boost.

A struggle to see why BCPT should take my money rather than something else tho - looks decent value near 60p but true of a great many others as well.
Posted at 02/10/2023 11:39 by spectoacc
Interesting Sunday Times piece on West End office outlook. Could argue it's in the price, but you'd have to make that same argument on a lot of the REITs. ie par is not the starting point for valuations.
Posted at 14/9/2023 15:19 by spectoacc
Thanks @nickrl, good point re divi. Usually raised to cover errors elsewhere! Really should be preserving cash with office outlook so uncertain.

Do like BCPT, but agree it's currently too opaque.

More needs to be made of the fees - on all these REITs. Small in the scheme of fake-y NAV, huge when seen in context of rental income. Heads they win, tails you lose.
Posted at 23/6/2023 10:49 by vacendak
Assuming the BoE rises the rate again next month, as they will most likely stupidly do so, there could indeed be another hit coming for BCPT.
I think I shall carry on buildng up on cheap NBPE (the ex-divi is soon) then splurge on BCPT next month.

Let's time the market! :)

I will surely be wrong, as usual, but there is fun in trying.
Posted at 22/6/2023 12:17 by vacendak
@Specto
To be fair, they do say prominently that they are paid for the note; but the logic of the upbeat tone is not too dubious.
I mean compared to the paid research on UTL, which we both now follow for fun. :)

The extra 0.5% by the BoE today is surely not helping BCPT either.
Posted at 22/6/2023 12:08 by spectoacc
Chart looks ominous doesn't it.

I deliberately don't read paid-for research - Kepler, Edison - is bound to influence me on the bullish side.

Difficult to know how much recession risk is priced in to BCPT down here, or how bad recession will be, or whether St Chris's will counter falls elsewhere. Big thing for all the REITs for me is what happens when the CVAs start coming through, empty rates kick in etc. Not much sign of that yet.
Posted at 05/4/2023 16:06 by spectoacc
Not in it, but BCPT has held up a lot better than many others - not sure why.
Balanced Commercial Prop... share price data is direct from the London Stock Exchange

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