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BLND British Land Company Plc

395.20
2.00 (0.51%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British Land Company Plc 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
  2.00 0.51% 395.20 395.70 396.50 402.10 383.60 383.60 2,450,562 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 418M -1.04B -1.1194 -3.54 3.67B
British Land Company Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker BLND. The last closing price for British Land was 393.20p. Over the last year, British Land shares have traded in a share price range of 287.30p to 421.90p.

British Land currently has 927,242,957 shares in issue. The market capitalisation of British Land is £3.67 billion. British Land has a price to earnings ratio (PE ratio) of -3.54.

British Land Share Discussion Threads

Showing 1576 to 1600 of 2525 messages
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DateSubjectAuthorDiscuss
06/7/2016
09:17
Sky

I would hate you to think I was a Guardian reader. I picked the article up in another newspaper!

Teresa May could be the answer.

hybrasil
06/7/2016
08:26
SKY, you long here? TIA.
essentialinvestor
06/7/2016
08:25
Ah - The Guardian - very little of much sense in that rag... Of course she was referring to the public closed fund sector - NOT the whole UK commercial property sector!

Not surprising everything on hold. Much of the Market was in lockdown ahead of the Referendum; with reportedly escape clauses built into most contracts.

Fantastic result for you with DPP - also assets in Euroland. Well done you...

skyship
06/7/2016
07:25
Skyship

Would I ever put my tongue in my cheek!

Fiona Walsh writing in the Guardian says says Standard Life M&G and Aviva account for more than quarter of the sector. Thats my source. (All 3 have suspended withdrawals).

Believe me Sky this is going to get much worse. Anecdotally I have heard of several developments being put on hold, I know of several people who have closed their chequebook when it comes to purchases and so we have the crowd mentality again.

Look at sterling this morning. That means that cars in England have to go up in price.

I suspect that is the sort of economics a brexit supporter will understand.


Maggie Thatcher famously said you cant buck the markets.

The markets are firmly saying England is bucked.

hybrasil
06/7/2016
06:41
A bit of hyperbole there surely. Real Estate property values will reflect the real economy; and the economy is in good shape - certainly not the case back in 2007-9.

Also presumably tongue-in-cheek about that 25% figure. The public closed fund investors represent a miniscule %age - would need to try & research that, but likley to be lesser than 0.1%...

Current share prices are being driven by sentiment and uncertainty, so I sure wish the new PM election didn't have to be such a protracted affair.

skyship
06/7/2016
06:35
There was always going to be some volatility following BREXIT, however, I truly believe the UK will be better off in the long run. Just need to be patient and hope Carney and Osbourne stop talking the economy down. Regarding BLND, these will fall further I'm sure providing a fantastic buying opp of a rock solid company.


wllm

wllmherk
06/7/2016
06:25
I think you could see this fall to 2009 levels of around £3.00.

Brexit problems are only starting. Look at the massive withdrawals from and the closure from redemptions of funds owning 25% of the british commercial property market.

This is horrid.

It seems incredible a country would vote for self destruction.

England is not going to have to worry about the immigrants. Everyone will be trying to emigrate!

hybrasil
05/7/2016
11:23
Price just ridiculous. Picked some up this morning at 539
cc2014
28/6/2016
08:27
Bargain around 600p. Portfolio virtually fully let. Cost of debt lowered. Time will tell on extent of the Brexit hit but suspect concern is way overdone. Now also yielding a chunky 5%.
its the oxman
17/5/2016
12:19
Read Beaufort Securities's note on BRITISH LAND CO PLC (BLND), out this morning, by visiting hxxps://www.research-tree.com/company/GB0001367019

"British Land's performance for the year was promising, with a significant rise in underlying profit and sharp rise in the value of the company's assets. The company managed to deliver in line with its strategic objectives with strong rental growth and a high occupancy rate of 99% across its £9.6bn portfolio of offices, shops and homes. However, the prime market was impacted by both increased supply and recent tax changes, leading to a slowdown in transaction volumes. The company's business is resilient as it owns a modern portfolio that is nearly fully let to quality occupiers on long leases, yet it faces great uncertainty ahead of the EU referendum. A vote in favour of leaving the EU is likely to have an adverse effect on the property sector in general and in turn impact the company's prospects as well. Thus, in view of the uncertain environment, we would like to wait and watch before making an investment decision and, therefore..."

thomasthetank1
17/3/2016
11:33
Much good thoughtful posting on this thread - a credit to this board.
4spiel
05/3/2016
09:02
IMHO Brexit would merely hasten something that is going to happen anyway in the next ten years....implosion of the EU. Who can believe that the work ethic of the Germans can sit comfortably with the lifestyle of the Mediterranean countries.
Germans say "we will pick you up from your hotel at 0730 and have breakfast so we can be in the factory by 0830 and we will have lunch in the canteen. Then we will have a party this evening and the same again for tomorrow". The Italians say " we will meet at the factory at 1130, and go for a nice lunch about 2pm." Both of these are true stories, although some while ago.
How long can the EU continue, without ever having its accounts signed off by its own auditors ?
I still think BLND is a sound long term share. Trade with Europe is not going to stop. Mercedes are not going refuse to sell their cars to nasty nasty Brits just because they have left the EU, nor Hermes or Veuve Cliquot etc. Trade will continue. Shopping centres and MegaSheds will still be needed.

altom
22/2/2016
19:20
Thank you danpollard and skyship........interesting articles.
bili1946
22/2/2016
16:58
My worry about Brexit is the effect that it is likely to have on the rest of the EU. There must be a danger that it will implode and the reprecussions of that will be serious I think.
greenpastures2
22/2/2016
13:49
Bili - Yes. The reason for the substantial under-performance by the REIT leaders is that the sovereign wealth funds have been selling down their positions in the most marketable stocks. Both the Norwegian and the Singaporean SWFs have declared reductions in BLND.

Interesting to look at the charts of the various secondary propcos on the CP+ thread. Most have not been hit by the savage declines.



Here are the charts of those London-centric Market leaders:


free stock charts from uk.advfn.com

skyship
22/2/2016
13:42
Roger Lawson 18/02/2016 on hxxp://www.sharesoc.org/blog.html

In a previous article I discussed what might be spooking the commercial property market. Share prices of companies such as British Land and Land Securities are down by as much as 25% since last November. Was this due to the threat of changes to the tax allowances for debt finance? I surmised not. But there is one very good reason that has become apparent – namely the alleged threat of Britain’s exit from the EU (Brexit).

Capital Economics LLP have published a 30 page report (commissioned by Woodford Investment Management) on “The Economic Impact of Brexit” which is available on the web. I’ll cover what it says more generally later, but it does specifically cover the impact on the Property Market towards the end. It initially says for example that “It seems likely that leaving the European Union would hit the health of the City and it is plausible that a number of overseas institutions would close or scale back their London operations, putting a dent in occupier demand. That drop in demand could come at an unfortunate point in the development cycle. Over the next few years, the office development pipeline in central London is likely to run ahead of recent rates of net absorption, with the bulk of that surplus space destined for the City. A sharp drop in demand could see vacancy rates spike higher and rental values start to fall.”

Is that and similar forecasts what has damaged investors perception of such companies? The report later emphasises that even if the financial sector is negatively impacted by Brexit, that would not necessarily affect property demand as only 6% of new jobs that are being created are in financial services. Indeed it concludes by saying: “It is certainly possible to tell a story in which the damage done could be considerable but the role of the financial services sector in holding up the property market is probably overstated, leading us to believe that any negative impacts will be small, certainly at a macroeconomic level.”

On the whole the report is somewhat neutral about Brexit and discounts the extreme views of both supporters and detractors. For example it says: “It is plausible that Brexit could have a modest negative impact on growth and job creation. But it is slightly more plausible that the net impacts will be modestly positive. This is a strong conclusion when compared with some studies”. It is certainly worth reading as a balanced attempt to reach some conclusions on the financial issues, and for their comments on the commercial property sector.

danpollard
22/2/2016
11:27
Any ideas on the 20% fall over the last 6 months?
bili1946
18/2/2016
12:32
Seeing that Norges Bank had reduced bank I wondered if selling by them has been one reason for weak share price but as they had 62.598m at 3.15 and now have 61.739m not likely to be an important reason-no idea if like other oil SWFs they are liquidating marketable assets
cerrito
08/2/2016
16:26
Everything being sold off, not a good time to be in equities,
gorilla36
21/1/2016
07:32
Good write-up in Telegraph yesterday, Wednesday. Very hard hard to swim upstream as FTSE and DJ both dropping hard.
altom
06/1/2016
19:17
Well I hope 800 hasn't become resistance now. At least we get 7p exdivi tomorrow
davr0s
14/12/2015
17:53
Well I am delighted (not) that I bought this for the bounce - still, tiny position so I'll happily hang onto it
davr0s
10/12/2015
09:04
So nearly joined you. Raised some cash from a sale in the early afternoon. Quandary - trade some BLND at close to 800p; or add to my UAI. Decided the latter offers a more secure 10% upside...
skyship
09/12/2015
19:42
Me too right at the close - just a short term trade hopefully
davr0s
09/12/2015
15:29
Well my reactions are quite slow but I bought a few more today.
hawks11
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