British Land Share Discussion Threads

[essentialinvestor] 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.

[shieldbug] 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.

[wogunremi] 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.

[jonwig] 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.

[ianood] 21/7/2019 16:57

It's actually fallen since December 18 when it was roughly 3.55% to 2.43% currently

[wogunremi] 21/7/2019 12:19

The shorts have been piling on of late [

[deanforester] 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.

[shieldbug] 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.

[wogunremi] 12/7/2019 11:45

Hardman & Co analyst talk about IPSX:

[jonwig] 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.

[ericshunn] 07/7/2019 23:00

Nothing to see here. BL employees shouldnt be posting on this thread

[sharesoc] 07/7/2019 16:39

The British Land presentation from our recent company visit can be found in our members area here:

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:

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:

[shieldbug] 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

[shieldbug] 26/6/2019 08:49

Sally Jones, Head of Strategy talking about tech in BLND -

[sharesoc] 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:

[sharesoc] 10/6/2019 18:51

ShareSoc have organised a company visit to British Land for the 1st July. Registration and more details here:

[4spiel] 05/6/2019 11:20

Cannot see Labour being able to govern without a coalition that would dilute their agenda of the worst components

[gateside] 01/6/2019 23:15

Labour taking power or a Hard Brexit are holding so many shares back.

[essentialinvestor] 16/5/2019 12:22

Thanks for the view and luck with your holding.
The two main concerns for me are Labour taking power, and/or a hard Brexit.

[shieldbug] 16/5/2019 12:17

Essential - Not sure there is much to get from the results - I would recommend watching the presentation and questions to get an better idea of the strategy. I see this as a value turnaround opportunity and looking at 5 to 10 years of dividends plus growth. An early (partial) re-rating is possible with Brexit resolution - so probably not any time soon.

[essentialinvestor] 16/5/2019 11:45

Is there anything in those results to prompt a sustained re-rating anytime soon..
I'm not sure there is.

[jonwig] 15/5/2019 10:46

Agreed about EPS for asset-backed companies. BLND give a pretty clear coverage of underlying and EPRA, though.

I'm moderately happy to follow their strategy and hold on to the few shares I've got.