All imho dyorAppears British land relegated from ft100 |
I’m out of these, almost by chance, as I was less than enamoured with a below NAV placing. If a price target is so much below NAV, you have to ask what is the credibility of the valuers? Is the TNAV credible? |
a target price change from 320p to 310p
according to my school arithmetic that is a reduction in price target, not a rise !
& how they can recommend to "hold" when their price target is 50p lower, is ...illogical.
But I don't think anyone trusts Investment Bank to tell the truth.
Do they recommend Joe Public to sell when a price is at a low, so they can themselves buy volume at a cheap price ? |
Jefferies raises British Land to 'hold' (underperform) - price target 310 (320) pence |
Why the drop today? |
Bank of America cuts British Land price target to 450 (570) pence - 'buy |
Looks like the bottom has been taken out. |
Over 8 quid in 2014 to 350 now, 10 years to lose half your capital, back in 07 these were over 14 quid, U.K. shares really are just uninvestable, terrible politics, insanity like brexit, weak currency, there are no buyers for the U.K. indexes anymore which is why they are known as “ the bug zapper trade “. Rio now looking at cancelling its U.K. listing as well, terminal. |
Goldman Sachs raises British Land to 'buy' (neutral) - target 500 (410) pence |
@panache for a big boy reit its not bad but plenty of others will give you >8% |
Offering a good dividend |
Done a skim thorigh the presentation. NTA up 1% is a positive compared to others. Retail warehouses nearly 1/3rd of portfolio now and good for rental growth (as we all told the idiots at EPIC), London offices in demand and urban logistics new growth area. All this leads to impressive ERV but whether it gets realised will be the question given that will soak up 600m of committed capex.
Breaches my 6% threshold now but then so many have fallen through that over last month too many to choose from! |
Down, must be a set off bad results.Jump out the window |
Any read across from the land securities (land) results today? |
Yes allocated to my AJ bell SIPP |
Not yet. Hargreaves Lansdown shown as 'pending'. |
Anyones shares actually been allotted to them yet ? |
To be fair they are now giving retail investors the same opportunity to buy-in on the same terms as institutional investors.It is a big win that we got that.I appreciate that it is difficult for retail investors to react in the timeline.... but at least you had the opportunity.You want a prospectus for a FTSE100 stock? it would be just giving money to unnecessary lawyers. |
Looks like I got a retail offer allocation in full, as there is a refund showing a just a pound or two. (the bit which is less than a whole share). Non-existing shareholder. |
422p placing price |
Same with NRR a few weeks back no time to respond and even when i decided to take a punt 75m before closure ii website said it was no longer available! Guess at least its giving retail investors an opportunity often denied in the past. |
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