British Land Share Discussion Threads

[chiragmahe] 30/11/2017 11:59

Resistance at 625

[cmackay] 29/11/2017 12:43

Imagine so Argyle, I'm glad I took a reasonable holding here under 600. Long term this is going up.

[argylerich] 29/11/2017 08:13

Brexit news bounce?

[cmackay] 23/11/2017 21:27

I will top up on anything under 600p. I'm lining the ISA with these for the future, with a quarterly dividend on a 30+% discount to NAV, I might top up even if it doesn't drop.

[wskill] 23/11/2017 09:48

Buyback will not complete until April next year the company informs us.

[chiragmahe] 23/11/2017 08:31

Will probably get back to 590. Buyback has paused.

[sicker] 17/11/2017 15:34

I have held these shares since 2011 and this September I started to buy each month towards a specific target. I hope this growth continues :-)

[cmackay] 16/11/2017 13:23

The Triton Square deal is very promising indeed! I've never doubted the resilience of London real estate, luckily enough did to give me a very welcome entry point. This can just reinvest dividends for the next quarter of a century afaic

[chiragmahe] 16/11/2017 09:08

The discount is now (939-605)/939=35.6%

[chiragmahe] 16/11/2017 09:04

Highlights

A strong first half of successful leasing activity:
1.3m sq ft of lettings and renewals 6.8% ahead of ERV, securing £32m of additional future rent
At 98%, portfolio is effectively full on both sides of the business
Secured the largest West End pre-let in over 20 years at 1 Triton Square
Good financial performance:
Profit maintained at £198m despite £1.5bn of sales since March 2016
NAV up 2.6% to 939p, with valuations up 1.4%
Half year dividend increase of 3% to 15.04p
A balanced approach to development risk; well positioned for future growth:
Committed pipeline, representing £55m ERV, increased by 760,000 sq ft in the half
Speculative exposure at 4%, with 57% of committed pipeline pre-let or under offer
1.8m sq ft of planning approvals including Paddington Gateway, Meadowhall Leisure extension
Continued focus on capital discipline and further diversifying our sources of finance:
LTV reduced by 300 bps to 26.9% with WAIR at 3.0%
Successfully issued £300m Sterling Bond
£156m of £300m share buyback undertaken: on track for completion by end of financial year

[cmackay] 16/11/2017 09:01

Good set of HY results, I'm glad I squirreled away enough to get a decent dividend reinvestment while it was in the 590s range. Discount on NAV even further now, what was it up to? 939?

[argylerich] 08/11/2017 11:27

Buyback paused due to 'poets' day for broker

[chiragmahe] 07/11/2017 16:19

any news? for the fall?

[chiragmahe] 07/11/2017 09:06

why has buyback paused?

[argylerich] 04/11/2017 17:45

So that explains the tax credit I receive in my ISA for BLND

[deanforester] 04/11/2017 17:26

Not if you hold it in an ISA.

[sandoval] 04/11/2017 11:07

As a newbie to reit shares it seems there is a 20% tax charge compared to 7.5% on ord share divi's. I understand I would have to pay 20% as it's considered as property rental income. Doesn't this cancel out the benefit of a reit ?

[cc2014] 01/11/2017 10:06

Volume really through the roof on this, LAND and to some extent HMSO.

Serious different views on these stocks.

I think this is the last of the really pessimistic sellers going through now and they've got buyers to sell into.

Of course I would say that ;-)

[chiragmahe] 31/10/2017 11:13

Might get a boe rate rise soon. Adding to more downward pressure

[essentialinvestor] 30/10/2017 15:43

Chris, Shyship knows this sector like the back of his hand,
personally I would listen to his take.

[chiragmahe] 30/10/2017 15:26

gonna go higher or lower? Predictions?

[essentialinvestor] 29/10/2017 16:30

I sold out of HLCL, my last REIT holding 3 weeks ago.
Have traded BLND and GPOR frequently, however the backdrop looks unfavourable.
Flipside is a fat discount to current NAV.

[skyship] 29/10/2017 16:04

Well, they bought 944k @ 590.26p to hold them at that 590p.

Certainly incredibly tempting, but the Brexit mood music currently so negative for London property, so will continue to watch and wait...

[ntv] 29/10/2017 14:04

big battle on Friday, lets so who wins

[chiragmahe] 27/10/2017 10:37

yields at 5,10%

Not bad