[ADVERT]
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
  0.00 0.0% 521.60 520.60 521.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 468.0 -1,053.0 -111.2 - 4,834

British Land Share Discussion Threads

Showing 2051 to 2073 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
31/7/2019
15:11
EI - I've just looked at their 2007 AR. LTV (the thing I've stressed) was 41% at 31/03/07. Yes, their NAV was 1682p, but I think valuers were unprepared for the events to follow. Now, I would think valuers are much more cautious and retail is not the central plank of their strategy. https://www.britishland.com/~/media/Files/B/British-Land-V4/reports-and-presentations/reports-archive/2007_annual_report.pdf March 2007 - everybody was asleep! I should have looked at 2008, '09, etc. but I haven't the energy. For now.
jonwig
31/7/2019
13:19
I'm highlighting their 2007 EPRA NAV @ 1682 a share, to show just how quickly the market, and consensus, can change. INTU, is that another black swan event?.
essentialinvestor
31/7/2019
13:03
Your high lighting the banking crisis during which time all assets were difficult to price and the bulk of the CDO's that were traded were property backed (not with good quality either). It's not called a black swan event for nothing.
ianood
31/7/2019
12:47
Ian, really?, You must have a short memory when it comes to this sector then. Have a little look at their 2007 Annual report. BLND NAV is still very significantly under that level 12 years later due to a highly dilutive rights issue, same applies to LAND on NAV. Debt metrics looked hunky dory for both BLND and LAND in 2007.
essentialinvestor
31/7/2019
12:41
Have a tick jonwig :)
ianood
31/7/2019
12:39
EI - buybacks increase eps. If they can borrow at (say) 3% and rent at 5%, there's a 2% free ride for the quity, hence increase in eps. So paying down debt would lower eps. OK, you know all that, but I think it's their rationale. In 2007-09, propcos with a LTV above about 40% were distressed, LTV over 50% would mean takeover or death. BLND's LTV is 28.1%, so pretty secure. They're also exiting pure retail pretty quickly.
jonwig
31/7/2019
12:38
Group leverage 22%; consolidated 28% as at 31 March 19. I think they may know how best to manage both their banking relationships and the share price relative to NAV as one of the better UK REITS.
ianood
31/7/2019
12:25
The buy back is a waste of money, REITS have an expensive habit of announcing buy backs just before the cycle turns, paying down debt should be the priority atm.
essentialinvestor
31/7/2019
09:22
Looks like Intu have some loans that are close to breaking covenant on LTV. Its creating panic selling. Combined with Brexit doom and gloom prices may stay low for some time.
shieldbug
31/7/2019
08:14
The whole sector is perennially weak. INTU is getting totally savaged today following results despite already falling more than 10% last week in anticipation.
wogunremi
21/7/2019
18:06
A short position need not be a bet that a share price will fall! A pairs trade (long A, short B) is simply a wager that A will outperform B. The short is a hedge rather than a straight bet.
jonwig
21/7/2019
16:57
It's actually fallen since December 18 when it was roughly 3.55% to 2.43% currently
ianood
21/7/2019
12:19
The shorts have been piling on of late [Https://shorttracker.co.uk/company/GB0001367019/]
wogunremi
16/7/2019
18:16
Added to my holding today. I see that they were pushing the price down at that time witheir buy-back programme.
deanforester
13/7/2019
09:12
There is a report on Hardman's website on IPSX - I particularly liked the paragraph - "An attractive venue for issuers: IPSX will generate wide interest among issuers. Just one example illustrates this: we might see generalist REITs ‘spin off’ part ownership of an asset to demonstrate to the market that they deserve a smaller discount to NAV." That of course could work both ways.
shieldbug
12/7/2019
11:45
Hardman & Co analyst talk about IPSX: https://vimeo.com/345842089
wogunremi
08/7/2019
06:32
UH? A) why on earth not? Maybe they're shareholders too. And even if not ... B) If you're referring to ShareSoc, they are what they say they are.
jonwig
07/7/2019
23:00
Nothing to see here. BL employees shouldnt be posting on this thread
ericshunn
07/7/2019
16:39
The British Land presentation from our recent company visit can be found in our members area here: hTTps://sharesoc.ning.com/xn/detail/6389471:Comment:53195 To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
sharesoc
30/6/2019
09:49
British Land are one of the main backers of IPSX, the exchange for trading in individual buildings. It is said that they are about to place one of their buildings onto the exchange when it launches. This looks like a potential banana skin if it flops - especially if its a retail investment that no one wants. There was talk of it launching end of June earlier in the year but my guess this will be deferred past Brexit date now.
shieldbug
30/6/2019
09:29
How British Land is turning into a smart developer - Julian Barker, Head of Smart Places at British Land hTTps://placetech.net/analysis/how-british-land-is-turning-into-a-smart-developer/
shieldbug
26/6/2019
08:49
Sally Jones, Head of Strategy talking about tech in BLND - hTTps://placetech.net/analysis/british-land-a-controlled-response-to-rapid-change/
shieldbug
17/6/2019
15:41
ShareSoc have organised a company visit to British Land for the 1st July. Limited places available. Registration and more details here: hTTps://www.sharesoc.org/events/company-visit-to-british-land-blnd-1st-july-2019/
sharesoc
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
ADVFN Advertorial
Your Recent History
LSE
BLND
British La..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210928 06:29:18