British Land Share Discussion Threads

[stavros28] 13/3/2020 10:29

As above if the price action starts with a 3 wonderful value.

[propinv] 12/3/2020 23:35

Don't think you are missing anything, just will it get cheaper still and why this stock versus land sec, which probably has better long term funding structure and higher quality assets

[shieldbug] 12/3/2020 17:33

Again at 385p.

[shieldbug] 12/3/2020 12:57

Limit order just went at 399p. Stunning.

[outlawinvestor] 12/3/2020 11:14

Think so too. Lots of companies with decent balance sheets and strong assets getting killed off at the moment, looks like a great opportunity in ISA/JISA portfolio.

[bookbroker] 12/3/2020 11:06

Probably are good value, like many others, but a leap of faith at the moment!

[shieldbug] 12/3/2020 10:53

What is the risk here? Debt obligations do not seem to be an issue. Some retailers may go bust or negotiate CVAs. Looks very cheap or am I missing something?

[propinv] 06/3/2020 16:24

Stavros. Better long term value if starts with 3...

[outlawinvestor] 06/3/2020 13:18

Wow! Clearly not the flavour of the day! Serious sell off happening today! Looks like BLND took the baton from HMSO as the day progressed!

[stavros28] 02/3/2020 23:29

Good long term value when you buy the stock and it starts with a 4 !

[riskblue] 27/2/2020 16:29

Couldn't resist topping up this afternoon at what has turned out to be a nudge above the day low. As a long term dividend play, this seems very good value, if you ignore day to day movements. Time will tell.

[chillpill] 17/12/2019 08:13

Long term asset players will be looking BLND at such a big discount to NAV to buy London real estate on the cheap.

[stavros28] 10/12/2019 09:30

British Land has the better portfolio mix "Essential" ref The Black Hole, RETAIL !

[outlawinvestor] 07/12/2019 09:18

Landlords struggle for festive cheer in retail gloom:

26.8% - drop in new shopping centre leases in the third quarter from the start of the year according to Savills. Ouch!

The piece expects knock on effects from the gating of M&G's fund - a wider run possibly taking down some of the better run funds.

[shieldbug] 14/11/2019 08:45

You have to wonder if Griggs tenure is about done. Nothing against him but with a new chairman it might be the right time to have some new executive leadership to deal with the changing property market.

[essentialinvestor] 14/11/2019 08:30

The LandSec buy case is stronger atm.

[quepassa] 14/11/2019 07:54

Might be worth a look under 450p

[essentialinvestor] 13/11/2019 17:34

Cautions take on British Land by Lombard in today's FT,
some fair points made:

[quepassa] 13/11/2019 15:05

If I did not wish to read your posts you would be filtered -
and the same applies ).

MAJESTIC WINE not your finest work though in fairness ).

All IMV etc.

[essentialinvestor] 13/11/2019 14:57

If I did not wish to read your posts you would be filtered -
and the same applies ).

DLAR not your finest work though in fairness ).

All IMV etc.

[quepassa] 13/11/2019 14:45

Well EI I expected you might not like that post!.

At least Land have not bought back their shares as with BLND.

[essentialinvestor] 13/11/2019 14:28

QP, already made the same point on BLND about likely falls in NAV,
several times.

LAND and BLND's NAV need to be viewed with circumspection.

Both LAND and BLND have significantly lower net asset values than 2007 levels,
which is why you need to be very wary of late cycle valuations.

Although I think BLND has greater longer term upside with Canada Water, at this point in
time LAND, which I hold, looks safer. BLND has a higher % of retail assets and also lacks exposure to outlets, which are outperforming the rest of retail atm.

BlND is ahead of LAND, for now, on their flex space offering.

[bookbroker] 13/11/2019 13:22

Already his valued at a large discount to NAV., you may be right where the trajectory is, but yield is what investors want, and net debt is pretty fair!

[quepassa] 13/11/2019 13:18

Looks to me like this share is headed much further down.

Overexposed to the wrong sectors.

Just fwiw I would apply at least a 30% discount to the bulk of their
retail portfolio. The current NAV discount that BL sells on that may be largely illusory imv.


ALL IMO. DYOR.
QP

[essentialinvestor] 13/11/2019 09:52

Yup, need for yield.