British Land Share Discussion Threads

[outlawinvestor] 26/9/2019 17:26

British Land agrees to withdraw legal challenge to Monsoon Accessorize's CVA
hxxps://news.sky.com/story/british-land-drops-bid-to-derail-monsoon-rent-cuts-11820065

[outlawinvestor] 20/9/2019 08:34

FYI: HSBC today downgraded both GPOR and DLN from hold to reduce and cut price targets.

[shieldbug] 18/9/2019 12:08

Analyst and investor day - Video will be available on Monday September 23rd.

[essentialinvestor] 18/9/2019 10:43

May well do, however NAV may fall to meet the SP, it does not need to be an upwards
direction.

[chillpill] 18/9/2019 10:34

Bought these a while ago for my post Brexit value portfolio. On a 3 year view it will revert to NAV.

[outlawinvestor] 18/9/2019 07:16

Snippet from RNS

Operational Update

To coincide with the event, British Land provides updates on a range of key operational statistics for the period since 1 April 2019.

Further strong progress on Campus Leasing

At 100 Liverpool Street, Bank of Montreal have committed to 60,000 sq ft. SMBCE have committed to a further 22,000 sq ft, taking their total occupation to 184,000 sq ft. Our committed development pipeline is now 85% let or under offer, securing GBP54m of future rent.

Including the near term pipeline of 866,000 sq ft, comprising 1-2 Broadgate and Norton Folgate, we expect our development pipeline to deliver future development profits of c.GBP300 million.

Continued good performance in a challenging Retail market

Retail leasing activity for the 5 months to August 2019 has totalled 500,000 sq ft, generating headline rents of GBP7.2 million, maintaining high occupancy of 97%. On average, deals were 3% ahead of ERV and reflect a 2% premium to previous passing rents.

We have continued to outperform operational benchmarks for the quarter ended June 2019 with like-for-like retail sales up +1.1%, outperforming the benchmark by 520 bps, with footfall broadly stable at -0.2%, outperforming the benchmark by 420 bps.

[pb01] 17/9/2019 15:31

chart looks good for a rapid return to £6 short term

[soilderboy] 15/9/2019 15:29

Going back to £8 this share. Very slowly but will.

[shieldbug] 13/9/2019 19:12

Thanks Outlaw - that makes a good read. Nice to see this before the Analyst & Investor day next Wednesday.

[outlawinvestor] 13/9/2019 15:46

Fitch Affirms British Land IDR at 'A – '/Stable; Senior Unsecured at 'A'

[shieldbug] 11/9/2019 21:35

Thanks. Expecting further volatility in the next couple of months then.

[outlawinvestor] 11/9/2019 20:09

Simply beneficiaries of a rising tide in the financials sector? Due to increased optimism that the govt's no-deal agenda will be thwarted?? The Scottish Courts ruled today that prorogation was unlawful. If the govt loses on appeal Parliament will be recalled.

I think INTU's rise is a mirage and will unravel quickly in the absence of follow up confirmation that someone is definitely bidding for it or some of its assets.

[jonwig] 11/9/2019 20:05

I guess ...

1) Brexid deal chances ticked up a bit,

2) Some talk of fiscal stimulus in UK, Europe (as opposed to QE): bond yields have risen.

3) Maybe most likely jus a rally.

[shieldbug] 11/9/2019 19:46

BLND 4% rise today. Intu up 9%. Anyone with a view on why? Just oversold?

[shieldbug] 11/9/2019 08:42

Bloomberg are reporting a switch from momentum to value in the US.

Wheels coming off WeWork hype probably also helping the sector.

[shieldbug] 10/9/2019 13:08

BLND up over 2% today - real estate being lifted in the JD Sports up-draught today? (Intu up 3.4%)

[outlawinvestor] 06/9/2019 06:44

BLND kicks against Monsoon CVA!

[outlawinvestor] 02/9/2019 11:18

From news feed on IG platform.

British Land Company Plc : Morgan Stanley cuts price target to 530p from 600p

[shieldbug] 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.

[bsdjj] 19/8/2019 16:16

Interesting, GIC Singapore sovereign wealth fund stake goes above 4%.

[speedsgh] 16/8/2019 16:10

Interesting thoughts on BLND in this blog post by Tony Yarrow of Wise Funds...

[essentialinvestor] 15/8/2019 22:58

Not many sector insiders buying atm, just looking across a few stocks.

[llef] 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!

[jonwig] 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:

[shieldbug] 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.