British Land Share Discussion Threads

[hawks11] 09/12/2015 15:29

Well my reactions are quite slow but I bought a few more today.

[skyship] 04/12/2015 16:29

So annoying - 100% invested so missed yet another great BLND trade today off that great 800p support. One of the really predictable trades...

[market sniper1] 17/11/2015 13:38

BLND British Land..................




BROKER Hargreaves Lansdown COMMENT (17 NOVEMBER 2015)

Half year results from British Land, one of Europe's largest publicly listed real estate companies, saw management highlighting "strong occupational demand." The group signed 573,300 square feet of lettings and renewals in the period, with virtually its entire portfolio full given occupancy of 98.4%. For its Office portfolio, it let or renewed terms on 208,200 square feet of space - management noted "Across the Office portfolio, we are making good progress enhancing and enlivening environments, strengthening long-term demand for our space, and appealing to a broader range of occupiers." For its Retail portfolio, it let or renewed terms on 365,100 square feet of space, with performance aided by stronger markets and the quality of its assets according to the company.

Highlights:

European Public Real Estate Association's (EPRA) Net Asset Value (NAV) rose by 7.5% to 891 pence per share
Underlying or adjusted profit before tax increased by 10.3% to £171 million
Quarterly dividend of 7.09 pence; bringing the half year to 14.18 pence (+2.5%)

Chief Executive Commented:

"We are reporting another strong set of results. In recent years we have positioned our portfolio to benefit from long-term macro trends. This focus has underpinned our performance in the last six months where we have benefited from strong occupational demand and a sound UK economy. Moreover our high quality portfolio and attractive and flexible development opportunities, position us well for the future."

[market sniper1] 17/11/2015 13:37

Excellent thanks A01

[a0148009] 17/11/2015 11:32

Play video.

AO

[market sniper1] 17/11/2015 08:52

BRIEF – British Land first – half pretax profit rises 10 pct

[shamus21] 12/11/2015 16:23

Yes I was just thinking the same but it looks to easy.

[skyship] 10/11/2015 09:17

MrA - The remarkable thing about BLND is the sheer lack of PI interest. Most PIs prefer to buy into the minor players found on the CP+ thread - though actually not many of those either come to think of it!

As for BLND - time to raise a little cash to buy in again when they drop to the support floor of 800p - we're within 2% of that now...


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[mr aboii] 07/10/2015 17:32

WELCOME TO BRITISH LAND _ ACTIVE INVESTORS CLUB (BLND)

[mr aboii] 07/10/2015 17:32

WELCOME TO BRITISH LAND _ ACTIVE INVESTORS CLUB (BLND)

[mike740] 15/5/2015 15:39

Boom time at British Land
By Lee Wild | Thu, 14th May 2015 - 12:06

Property giant British Land (BLND) did exactly what was expected of it last year. Demand for commercial property is booming and net asset value (NAV) jumped by over 20%. A sharp rise in the value of its property portfolio helped generate a total accounting return of 24.5%, and growth prospects look underpinned by favourable economic conditions.
NAV per share grew from 688p to 829p in the 12 months to 31 March, in line with market forecasts, as the value of properties on the balance sheet jumped by £1.7 billion, or 12.1%, to £13.6 billion.

Low interest rates have fuelled the property boom, and there seems little likelihood of a rate rise soon. The "Cheesegrater" office block in Leadenhall Street, which British Land finished last July, is already receiving record rents for the City. The building is now 84% let or under offer, compared to 53% at the start of the year.

And a Conservative victory in last week's election could also be good for business this year, suggests the company. The prime Central London market softened in the run-up to polling day given the risk of a mansion tax on properties above £2 million. "The super-prime market moderated slightly, but we are continuing to see good demand for exceptional new build properties, such as Clarges Mayfair," it said.

Indeed, new records for sales have been achieved at the Clarges development where 22 out of 34 apartments have been sold at an average of £4,750 per square foot.

"We have a modern portfolio focused on the right locations; a strong balance sheet with a low cost of debt; and an exciting development programme," says chief executive Chris Grigg.

And the analyst community is certainly backing the business.

"The outlook is also robust with the twin positives of increasing employment in London and real wage growth supporting demand for London offices and regional retail respectively," says broker Panmure Gordon. "British Land is well placed to benefit from this with the retail portfolio fit to embrace the omni channel retail environment, superstore exposure reduced to 7% and the land bank positioned for future development."

British Land shares are currently nudging significant historical technical resistance levels at about 865-875p, but Panmure reckons its forecasts for 6% growth in NAV this year to 877p "looks light", and sticks with its 'buy' rating and 994p price target.

There's also a final quarterly dividend of 6.92p, which takes the full-year payout to 27.68p, with a further 7.09p proposed for the first quarter of 2016. There's a prospective dividend yield of 3.3%.

[hawks11] 14/5/2015 09:41

Holding a few of these is the nearest I will get to being a landlord, but I am glad I took the plunge when I did.

[hawks11] 14/4/2015 08:49

Busy British Land riding the bubble.

[redips2] 26/3/2015 11:56

Thanks sicker....looks rather like we both have the very same investment criteria .

[sicker] 26/3/2015 11:01

redips2, all my other holdings are doing o.k. apart from grg [brilliant :-)] so robbing Peter to pay Paul to my mind is not an option. My dividend income is well spread (every month of each year) so the actual price of each stock is of no real concern as long as there are no disasters. At the moment my dividends are being mostly reinvested in BP.
As for ''Top Gear' my love for driving is loooooooong past but best regards and thanks for the thought behind the advice.

[redips2] 26/3/2015 10:24

Top slice one of your other holdings and pop it in here, or.....I believe there is a vacancy at 'Top Gear' :)

[sicker] 26/3/2015 10:11

Trouble with that option redips2 is that I'm well past my sell by date, where do I find the additional cash ? ;-)

[redips2] 26/3/2015 09:53

Then buy more for the next 1/4'ly payout.....s'easy !

[sicker] 26/3/2015 09:17

I expected an ex-div drop to-day but this seems a bit over done :-(

[hawks11] 24/3/2015 08:42

We have an interesting RNS today, lookks like a long term earner.