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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 2076 to 2100 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
19/8/2019
18:11
The FT shows GIC with 4.4% as of 31st March 2019. The annual report shows them at 3.99%. But looking at it the annual report is clearly incorrect as APG is shown as having 3.99% but with 3 million less shares. All in it looks as though GIC have been reducing shares over recent months. Perhaps they saw this coming.
shieldbug
19/8/2019
16:16
Interesting, GIC Singapore sovereign wealth fund stake goes above 4%.
bsdjj
16/8/2019
16:10
Interesting thoughts on BLND in this blog post by Tony Yarrow of Wise Funds... HTTPS://wise-funds.co.uk/news/in-the-eye-of-the-storm
speedsgh
15/8/2019
22:58
Not many sector insiders buying atm, just looking across a few stocks.
essentialinvestor
14/8/2019
13:46
i wonder what the implications for the London office market would be if Wework went bust, or had to retrench... as according to the FT its a big tenant in london "WeWork has grown rapidly since its founding by Mr Neumann and Miguel McKelvey nearly a decade ago in New York’s SoHo district. It now counts more than 400 offices across 105 cities. In the process, it has become the largest tenant in New York and is now one of the largest in London. " but its losses are eye-watering! https://www.cnbc.com/2019/08/14/wework-releases-s-1-filing-for-ipo.html?__source=twitter|main
llef
13/8/2019
09:23
Posted on the LAND thread. Link is relevant here: There's quite a movement to reform business rates, and the new chancellor isn't a tinhead when it comes to the concerns of business. Whether it will do anything to slow, let alone reverse, the decline in physical retail is uncertain, of course: https://www.theguardian.com/politics/2019/aug/13/uk-retailers-demand-business-rate-cuts-to-save-high-street-stores
jonwig
06/8/2019
07:56
Jonwig - Politics aside, London is business friendly, has world class business networks, has great transport infrastructure, great public spaces and for young entrepreneurial types is a great place to live and work. Post Brexit, companies are going to want continue to want to move businesses here, to start businesses here and generally live here. That said there may well be a hit to financial services in the City. However we have had more than 3 years since Brexit and much commercial office development has been on hold since that time. Consequently there doesn't seem to be a glut of quality London offices.
shieldbug
05/8/2019
15:25
Did you see INTU falling this far?
wogunremi
05/8/2019
15:24
I'm tempted by LandSec here, but not confident I can call it. Thought Intu would face challenges, but did not see the extent of the HMSO price reaction, particularly outside of recession.
essentialinvestor
05/8/2019
15:18
I hate bringing in politics, but there are several reasons why London (ie. its property) might be resilient in the face of a global storm. 1) I guess lots of rich Chinese are already moving a lot of money from HK to UK. 2) GBP is weak, very weak. 3) UK law is trusted globally, and the central threat to prosperity (Corbyn) is looking ever more a distant possibility. 4) We have a current government (esp. a PM) which recognises these advantages. 5) The bit I hate to opine on, but ... it's perfectly reasonable to conclude that the UK will not suffer worse than the EU after a bad split. Stresses and economic conditions in the EU and especially in the EZ make it pretty unstable. That could be the beginning of an new negotiation. Whatever you think about BoJo, he seems to have the ability to gather brilliant people around him and let them get on. Did May, does Corbyn?
jonwig
05/8/2019
15:03
what a difference 1 week makes. huge falls everywhere
chiragmahe
05/8/2019
13:31
Well they say fortune favours the brave!. Holding HLCL, HSTN, SHB and GPOR atm, added very small amounts of each today. In total they are approx 1.5% of what I can invest, hopefully some opportunities as an early general election/and or 31 October looms large.
essentialinvestor
05/8/2019
11:28
6.55% yield now
chiragmahe
02/8/2019
16:25
London Offices not dead yet: An Asian investor has offered to buy a landmark property development on London’s South Bank for more than £875m, in the latest boost to a real estate market affected this year by Brexit jitters. The investor has made a formal offer to buy Southbank Place, a development that includes a large WeWork co-working space opening this year and the London headquarters of Shell, according to two people briefed on the situation. They have offered above the £875m asking price, increasing the probability that the deal will be completed, although it could still fall through, the people said. Developers Almacantar have for now ceased marketing the building. https://www.ft.com/content/770e43a6-b51d-11e9-8cb2-799a3a8cf37b
jonwig
01/8/2019
12:47
What makes the sector difficult to read/value atm is a convergence of factors. Firstly, the wider economic cycle - we are 10 years in to an expansionary cycle which is old on any post WW11 data. The UK needs to navigate leaving the EU (with 2020 macro possibility taking a large hit) and finally there is a significant secular change impacting many UK retail property assets. So, quite challenging conditions. Challengingly circumstances can create opportunities on the flip side. Timing this is the tricky bit. Ian, most welcome. As always DYOR!.
essentialinvestor
01/8/2019
12:17
EI - thanks for the GPOR steer. I remember holding them for many years and sold them when we needed cash for a house move in '88!
ianood
01/8/2019
11:00
Just beat me to it, HP thanks for posting. Great Portland have been net sellers for the last 6 consecutive years and still appear keen to sell, however no recent disposals may indicate London office buyers becoming more circumspect.
essentialinvestor
01/8/2019
10:37
Good article, HP ... unfortunately!!
jonwig
01/8/2019
10:04
Stockholm syndrome for REITs? https://www.propertyweek.com/insight/stockholm-syndrome-for-reits/5103656.article
hugepants
01/8/2019
10:02
Ian, From memory Gerald Kaye joined Helical just a few years following Michael Slade, (who has just let the business) - although still retains a sizeable chunk of their equity. On Helical what I find most interesting is their positioning. They see London office as producing the best returns going towards. They exited secondary retail a couple of years ago, and also industrial property (warehousing). Hansteen plc, who are very sharp operators, appear to see an imminent top in UK industrial property. Reading through Land SEC's recent reports I notice they stress a refocussing of their business on London and away from regional. So for me, HLCL, GPOR and possibly SHB are first choices, although I'm watching both BLND and LAND.
essentialinvestor
31/7/2019
19:45
fed cut rates. whats the effect on uk property?
chiragmahe
31/7/2019
18:20
EI - INTU's gearing at 60% is over 2x that of BLND. Most banks have an LTV covenant pitched at 70%. OK the market is not ideal but where would you rather be? You mention Helical Bar, agreed used to be excellent, however, I fear that company is no longer the same post Slade's retirement and as we know property is very much a people business.
ianood
31/7/2019
17:42
Yes GPOR, edit!. - that's dyslexia - the gift that keeps on giving ).
essentialinvestor
31/7/2019
16:17
Yes, agreed, there will be. (GPRO? GPOR.)
jonwig
31/7/2019
15:40
Jon, I hold a very small amount of GPOR intending to build a position there through the cycle - their LTV is in single figures, 100% focussed on London with low retail weighting - I can't make a case for buying it right now tbh. Helical Barr are usually the smartest in the room - just look how they navigated the financial crisis without resorting to a highly dilutive rights issue (which even Great Portland needed). HLCL NAV is well Above 2007 levels, as is SHB and GPOR@ 5.94 ( 2007). 8.49 NAV at the 2019 H1. Some nice opportunities will open up in this sector, worth watching at the very least.
essentialinvestor
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