British Land Share Discussion Threads

[philanderer] 03/9/2013 20:49

Tempted , along with INTU

[muffinhead] 03/9/2013 10:46

6.75p ex-div October 2nd

[salpara111] 03/9/2013 10:07

And yet the share price drops!
Not in yet but looking to set a limit order around 550. There is a pretty decent covered yield.

[skyship] 02/9/2013 15:09

Looks as though commercial property is the sector to be in - many brokers raising targets across the piece:

[muffinhead] 02/9/2013 08:49

hmn sorry...he should have made that clear

[muffinhead] 01/9/2013 23:11

Skyship I notice you are plugging your CV on Disqus

[skyship] 01/9/2013 12:40

Salpara - at least you weren't looking when these were palpably a sell North of 600p!

Propco valuations are driven by their NAVs; and with an EPRA NAV of 596p as at 31/03/13, the share price up in the 620p/650p range was anomalous - and the share price has turned down twice when it got to those levels.

That said, the NAV should have risen over the past few months; but the Interims to end Sept won't be revealed until end November, so a little time to wait yet...

Personally I feel Stephen Wilmot of the IC has called the property market well this year. Back in March he suggested investors look to the smaller less London-centric plays. He summarised the position in last week's issue:

IC VIEW:
Our March cover feature 'Tired of London?', in which we argued that investors should give their property portfolios a regional skew after years of ouperformance in the capital, proved prescient. The seven shares we identified in that issue - McKay (MCKS), Town Centre Securities (TCSC), Schroder Reit (SREI), Hansteen (HSTN), NewRiver (NRR), Development Securities (DSC) and Conygar (CIC) - are up 12 per cent on average, even as the big Reits have moved sideways. Some optimism is already built into share prices, but these companies have not yet started to post valuation gains, so long-term investors can expect to make further profits.

I hold the last two - DSC & CIC.

In spite of the more than 30% rise in DSC in May, they still trade at a 24% discount to the very conservative 251p NAV - an NAV likely now to be closer to 265p after many planning-inspired gains. Also, they were the seller of the Paddingtom Central project to BLND, receiving a tidy £7.1m compensation payment in doing so.

If you do a little research on DSC - start with the recent Holdings statements (Soros' Quantum Fund accumulating) and the excellent webcast following the Prelims back in May.

[salpara111] 31/8/2013 10:21

Just had a first look at this one.
Seems like a pretty safe if unexciting place to park a bit of cash for now.
Having said that I am going to wait until the US have had their go at Syria as that will doubtless take 100-200 points off the market.

[muffinhead] 30/8/2013 07:38

Cameron loses vote

[muffinhead] 28/8/2013 15:28

what are the odds on them politicians calling Syria off to avoid a middle east war and an oil rocket shoot

[miata] 28/8/2013 11:35

28 Aug 2013 British Land Co PLC BLND Morgan Stanley Overweight 563.75 564.50 630.00 670.00

[muffinhead] 22/8/2013 19:05

Broadgate valuation

[gucci] 06/8/2013 10:51

555p would be good

[skyship] 05/7/2013 10:39

The vendor of a major constituent part was DSC - they remain my top stock pick for the sector & are yet to issue a corresponding RNS.

[miata] 29/6/2013 17:02

Yes, and where the FTSE is going to settle at and that the dividend has hardly increased in six years.

[pinkie] 25/6/2013 16:28

Miata, Am i right in thinking that a good reason why BL are so miserable is that investors are troubled as to where Gilt yields are going to settle down at?

[pinkie] 11/6/2013 14:01

Miata, you are absolutely correct, it just feels like it when you are long!

[miata] 11/6/2013 12:39

That will depend on the Bank of Japan and the German constitutional court. The latter's ruling will affect the OMT, interest rates (ie whether they limit Draghi's scope for action) and the strength of the Euro against the pound. Clarity will take months.

[1nf3rn0] 11/6/2013 12:33

I view this as a good level to buy at. The market pullback was needed and it gives us the opportunity to add to blue chips like this at reasonable values and giving decent yields.

Investec announced yesterday adding 500m to their UK commercial property investments so there is still plenty of long term optimism and cash flowing into this sector.

[pillion] 11/6/2013 11:59

SGRO is in the shadow of LAND

[miata] 11/6/2013 11:56

Simple - it isn't, drastically or otherwise.

[pinkie] 11/6/2013 11:47

Is there anyone out there who can explain why this conservative Blue Chip is behaving in this volatile way and under performing the Blue Chip market so market so drasticly

[1nf3rn0] 05/6/2013 23:28

The toppy valuation of the whole FTSE didn't last long - it just seemd to go up to quickly for my liking. Thankfully due to my suspicions of the rise I sold some of these at a good time, and even more fortunately I chose a good moment to sell a chunk of Tesco shares! If this goes back to the low-mid 500's I'll be buying more as I believe quality UK property, esp in London, will always be attractive to investors worldwide. Plus I like to have a reasonable amount invested in physical assets, directly or indirectly.

I also think the current market sell-off will not last too long and that after a period of stabilisation we'll be strongly moving up again in the next couple of months, the money printing presses are sure to keep on.