Share Name Share Symbol Market Type Share ISIN Share Description
British Land Company LSE:BLND London Ordinary Share GB0001367019 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.17% 584.40p 583.80p 584.20p 588.80p 580.80p 585.20p 2,608,150 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 639.0 501.0 48.7 12.0 5,729.60

British Land Share Discussion Threads

Showing 1976 to 1999 of 2000 messages
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DateSubjectAuthorDiscuss
17/10/2018
08:54
my ta 548 lower target. We're in buy territory.
eriktherock
16/10/2018
08:15
British Land Downgraded to Hold at Stifel; PT 5.70 Pounds
cwa1
15/10/2018
12:08
Jon, yes, however that's the future rather than with legacy retail holdings. Their Eden Walk redevelopment plans heavily feature mixed use, know that one well.
essentialinvestor
15/10/2018
09:26
One of BLND's strategies which I found appealing, was mixed-use development: Http://www.britishland.com/~/media/Files/B/British-Land-V4/documents/ar-2018/our-strategy/right-places.pdf Within a single development such as Canada Water it may well be that planning restrictions are quite flexible. So would a condition be imposed stating precisely x% retail, etc?
jonwig
15/10/2018
09:18
Yeah.The Planning Act. User Classes Act will need some updating for sure otherwise High streets will be primarily made up of empty units, Eateries, Charity Shops and Barbers.
eriktherock
13/10/2018
11:48
Change of use is easier in small regional retail. If you consider High Street locations, then more difficult.
essentialinvestor
11/10/2018
08:28
Thanks for that jonwig. I've closed short positions. I'm wondering whether High Street landlords will go for a change of use under the User Classes Act from Retail to Residential. Could add significant value in lieu of a depreciating asset. hmm
eriktherock
11/10/2018
07:20
Telegraph. The notion of a bid is interesting (possible merger with LAND not mentioned): Questor share tip: British Land's 5.3pc yield means that we can afford to be patient – and bidders may scent value This column’s suggestion to buy British Land in the early spring has yet to shower readers in riches because the shares, which looked cheap at the time, have fallen further. In other words, they are now cheaper still, trading at a 39pc discount to the company’s stated net asset value, or “book” value, of its properties of 967p a share. And judging by a second bid for Intu, the shopping centre group, someone else seems to think Britain’s “Reits” (real estate investment trusts) may have fallen too far. A three-way consortium is considering a cash offer for Intu. The presence of Brookfield, a Toronto-quoted business, in the consortium is particularly interesting, since it has already swooped for New York-based Forest City and taken full control of an American shopping mall owner called GGP – both multi-billion-dollar deals. This is not to say Brookfield or the other consortium members will turn their attention to British Land. But it does show that there are buyers of real estate assets out there who presumably share this column’s view that lowly share prices and a weak pound mean that there could be long-term value to be had in Britain’s Reits. The trick now is finding a catalyst to unlock the value that may be there. Otherwise, the stock could fall further. Such are the frustrations (and dangers) of value investing. Interim results due on Nov 14 will update on trading and the all-important net asset value. In all honesty they may not be that inspiring so it could take more merger and acquisition activity (or greater clarity on Brexit) before the share price moves. But the 5.3pc yield means we can afford to wait patiently. Questor says: hold Ticker: BLND Share price at close: 582.6p [Author Russ Mould is investment director at AJ Bell, the stockbroker.]
jonwig
10/10/2018
17:50
March 2009 these hit 3.30.....w ith this brexit madness, door open to Corbyn, these could well re visit the 3's.
porsche1945
10/10/2018
08:11
Expect 608 soon enough for the gap-fill (and to make things good) but not today !
eriktherock
09/10/2018
08:18
No. This is in the hands of JPM's mopping-up the sellers is it not ? They didn't partake in the buy-back on Monday, Tuesday, Wednesday last week which is the reason for the drop, nothing to do with political or other fundamental reasons.
eriktherock
09/10/2018
07:35
Erik, have you got a downside target on LAND? thanks.
essentialinvestor
09/10/2018
07:17
It was a short at the red hourly candle below 625p. This reinforced with the back-test of this level on 21st Sept. (700-624=76) (624-76=t548) short target 548p
eriktherock
08/10/2018
23:17
If you think the wider economic cycle is about to roll over, financials are the last place you should be, unless a long term buy and hold investor.
essentialinvestor
08/10/2018
22:53
I don't buy that. If asset prices are tanking best to stay clear of financials. Even better have a cash pile at the ready.As has been said BLND and LAND are already at a significant discount to NAV. They are most likely being valued based on the markets view of the size and reliability (which investors need to make their own judgements on) of their dividend yields relative to 'risk free' rates (bond proxies if you will).
1nf3rn0
08/10/2018
12:34
Was Thursday PM a buying low for land, blnd?.
essentialinvestor
08/10/2018
08:13
The other options was just to hold the cash and wait. Now perhaps that was the better option.
essentialinvestor
08/10/2018
08:12
Maybe The Board are buyers as a drop from 693 on the day of announcement to 580ish must represent even better value. What has changed in the High Street recently (House of Fraser, Debenhams possible defaults) was factored-in was it not?
eriktherock
08/10/2018
08:10
That's not the full context of the statement though, is it?. British Land's rationale was/is their shares represented better value than... new asset acquisitions.
essentialinvestor
08/10/2018
07:59
Well, either the shares represent better value now or the valuation was wrong.
erogenous jones
08/10/2018
07:54
'The Board believes that investment in the Company's shares at the prevailing discount to net asset value offers attractive value.' 14th June 2018.
eriktherock
08/10/2018
07:13
FT - Landlords struggle to sell billions in UK retail space. High street woes prompt rush to reduce exposure to sector..
essentialinvestor
05/10/2018
12:21
Joe, thinking along the same lines. Without doubt Brexit uncertainty has caused some of this - and that's not intended as a political point. Just referenced re the share price If you are bullish on the sector, you may see that uncertainty as opportunity.
essentialinvestor
05/10/2018
11:20
Intu up 30% on takeover approach,might put the spotlight on BLND,LAND.
contrarian joe
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