British Land Share Discussion Threads

[stavros28] 26/9/2012 09:40

Miata nice 1

[miata] 18/9/2012 10:18

8 Sep British Land Co PLC BLND Deutsche Bank Buy 543.25 545.50 690.00 690.00

[stavros28] 06/8/2012 11:33

Property sector re rating underway

[stavros28] 03/8/2012 13:36

on the move

[miata] 05/7/2012 18:01

Yes, saw that, didn't believe it.

[jon827] 05/7/2012 17:53

re 1298: its not what GPOR were saying about the London market this morning M,

[skyship] 05/7/2012 11:19

P. No.1296 - "Market anomalies always provide opportunities..."

I hope a few BLND followers took advantage of that crass sell-off in SREI a fortnight ago - now over 36p bid for a quick 10% turn...

[skyship] 19/6/2012 10:41

Perusing a few old charts & I see my Post No.1152 which essentially tipped an under-performing REIT (MCKS) for a period of out-performance versus the property blue chips. A good call as it turned out (see below); though I didn't play it well.

Right now Schroder Real Estate Investment Trust (SREI)looks absurdly cheap @ 32.75p on a 10.75% yield and a 37% NAV discount; or a 45% EPRA NAV discount!

A yield of that magnitude usually hints at problems. Not so with SREI; it is an anomaly rather than a concern. Market anomalies always provide opportunities...

As for today's move, all the blue chip REITs are benefiting from the HMSO sale. If BLND can break 510p then the chart suggests 20% upside, but that would surely require overall market strength - possibly too tall an order in current circumstances.

[miata] 06/6/2012 09:04

I would speculate that there is at least a little accumulation by Europeans moving their funds out of parts of the 'zone. Obviously their main targets have been Derwent and Great Portland Estates which benefit from being in the London market and trade near to NAV (as defined by the European Public Real Estate Association).

[chairman20] 30/5/2012 12:48

MIATA

If BLAND were an investmne trust any idea
what the movement in the discount to NAV implies?

net or gross of borrowing of course.

[stavros28] 21/5/2012 10:48

Yes good result and on the move .

Chart 4 u


Stavros

[topvest] 21/5/2012 09:27

Pretty solid results from British Land and good to see them edging up the dividend again.

[miata] 21/5/2012 08:36

RESULTS

In the 12 months to the end of March the British Land NAV grew 4.9% to £5.1bn, or 595p per share, while the total portfolio value gained 2.6% to £10.3bn.

Underlying profits before tax were £269m during the year, up 5.1% on the £256m seen in 2010/2011 and ahead of the consensus forecast of £265.8m.

Rental income from the portfolio came in at £546m, up 5.4% on the prior year.

1.5% increase in Q4 dividend from 6.5 pence to 6.6 pence per share payable on 10 August 2012 (XD 4 July 2012).

[tenapen] 27/4/2012 16:02

British Land upgraded to 'overweight' by JP Morgan Cazenove with a 580 pence price target
10:19 am by Jamie Nimmo

Cont...

[stavros28] 15/4/2012 11:03

Hi again gents. We have another signal on BLND.
Do you want it on Flickr ?

Stavros

[sicker] 28/3/2012 14:24

But for a 50p dividend after tax this is surely far too big a drop.

[sicker] 28/3/2012 08:51

? yes, to-day