British Land Share Discussion Threads

[chiragmahe] 11/9/2017 10:29

why share price jump today?

any news?

[chiragmahe] 08/9/2017 14:31

sp now lower then when buyback announced

wonder what the share price would have been without buyback

[chiragmahe] 08/9/2017 14:05

refinancing mortgage

[1pvh] 08/9/2017 12:51

Or it can be used to repay existing more expensive borrowings and reduce the overall interest rate.Seems a good move to me

[jmc43] 08/9/2017 12:49

It was just a theory as the amounts were the same. I guess you wouldn't do too much of it as it increases your gearing, and they will need the gearing headroom to invest when they feel there is better value. But as Skyship says, they're probably just taking advantage of rates rather than raising it for anything in particular.

[chiragmahe] 08/9/2017 12:42

also i thought buyback was proceeds from building sale?

[skyship] 08/9/2017 12:41

Remarkable - what's not to like - 10yr debt @ 2.375% and property yields double that figure - triple in the regions!

[jmc43] 08/9/2017 12:34

This bond issue is a bit confusing in my opinion. The £300m share buyback sort of implies that management don't think they can find anything of value to invest in, but they are now raising the same amount of debt? Is it just to pay for the share buyback perhaps? £300m of shares would cost around £15m per year in dividends, this bond will cost £7m per year so the two together will boost profit by £8m a year....

[chiragmahe] 08/9/2017 10:16

whats the impact of GBP300 million sterling bond issue at a coupon of 2.375%?

[cc2014] 06/9/2017 17:35

crazy sell bot running today on BLND. Shifting huge volume. As long as it goes away tomorrow the price will rise

[chiragmahe] 05/9/2017 15:53

sp getting hammered

[chiragmahe] 04/9/2017 13:18

bitcoin 5000

[cc2014] 01/9/2017 12:07

Well another opportunity to get in at this fantastic price. Rather than re-loading my short term trading position on BLND, I've taken INTU instead. The upside looks greater to me on a short term basis

[ntv] 31/8/2017 09:30

lumbering giant needs busting up, share price way below supposed nett assets
sell off assets and return capital to shareholders
buyback is waste of time
return the capital to all shareholders to just the big boys

[cc2014] 31/8/2017 09:21

Looks like it might have turned back up again.

[chiragmahe] 30/8/2017 13:24

so far 37.6m out of 300m buyback done

[essentialinvestor] 29/8/2017 09:12

This is around the price at which I buy back some BLND,
however with the NK Japan news not brave enough today.

[chiragmahe] 29/8/2017 09:10

upside looks far away

[ntv] 23/8/2017 13:10

bought a few today
may reverse if it breaks
it is rather a big discount compared to other property companies
good yield as well

[chiragmahe] 23/8/2017 09:44

its the HSBC downgrade thats affecting SP

[essentialinvestor] 22/8/2017 08:38

It is also tradable folks.

Appreciate many/most would not have time let alone
the inclination to do this, however BLND has provided numerous recent opportunities.

Bought a few on yesterday's weak opening, sold those near today's open.
A couple of trades also last week.

In terms of a market correction, I've been waiting since May!.
It's cost me a chuck of dividend income keeping cash on the sidelines.

[chiragmahe] 21/8/2017 10:10

I'm gonna add 2k worth of shares.

[skyship] 21/8/2017 09:54

Chi - sorry, was referring to the much discussed wider Market sell-off - pundits talk about the Autumn, with the historically difficult October bearing down on us!

[careful] 21/8/2017 09:15

worries of slowdown of China property investment.