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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
  -10.40 -2.03% 501.20 499.70 500.20 510.80 499.80 510.40 1,749,497 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 468.0 -1,053.0 -111.2 - 4,645

British Land Share Discussion Threads

Showing 2226 to 2249 of 2300 messages
Chat Pages: 92  91  90  89  88  87  86  85  84  83  82  81  Older
DateSubjectAuthorDiscuss
25/8/2020
16:13
For what its worth below is from RNS Sept 18th 2009. This deal was vote on and unanimously supported by shareholders at the time. "Under the terms of the Joint Venture, the real estate funds Blackstone Real Estate Partners Europe III and Blackstone Real Estate Partners VI (the "Blackstone Partners") will acquire a 50 per cent interest in Broadgate valued at £1.07 billion. The Blackstone Partners' share of the gross attributable value includes £987 million of third party debt, being 50 per cent of the debt secured against the assets of Broadgate, and the net consideration paid for their 50 per cent interest in Broadgate valued at £77 million."
shieldbug
18/8/2020
13:18
sheild, fwiw that looks a good plan. A pointer to quality, or otherwise, is to look at the difference between the 2007 and 2009 NAV, if possible.
essentialinvestor
18/8/2020
13:07
The sale of Broadgate to Blackstone was not the greatest property deal for BLND equity holders. From memory BL received about £30 odd m in cash for a 50% share in Broadgate.
ericshunn
18/8/2020
12:53
Made a charitable donation to Blackstone would be a more accurate description than "sale"
williamcooper104
18/8/2020
12:39
Essential - Looks to me as though APG and GIC both profited handsomely from the equity raise in 2009 - or at least they increased holdings during the financial crash. APG have been increasing their holding again in recent months. In the same year Grigg also sold 50% of Meadowhall and Broadgate in Sept 2009 to reduce debt. Both of which now have stable JV partners. Completely agree about the damage an equity raise would do which is why I am digging into the past to glean a better understanding of the present.
shieldbug
18/8/2020
12:21
Anyone know anything about Vicinitee - apparently it is a British Land owned software platform? hxxps://www.vicinitee.com/
shieldbug
18/8/2020
05:15
The attractive thing about the valuation was that the retail was basically free But that relied upon London office values holding up which absent WFH they did How they stand given that voids and market rents are likely to rise and plummet is the problem
williamcooper104
18/8/2020
00:33
shield, physical retail was not experiencing a secular shift during the GFC, that may need to be factored when lookimg at potential NAV declines. Key to the valuation and any buy case is whether BLAND can Avoid a dilutive equity raise.
essentialinvestor
15/8/2020
10:45
In March 2009, Chris Grigg, himself only appointed 3 months earlier, oversaw the issuance of 340,873,589 new shares representing approximately 67% of existing share capital at 225p/share. Current share price was around what it was now. I've no reason to believe that history will repeat itself. It should be some comfort that the guy in charge has been through a previous crisis. This year or next year there will be a new CEO. Lets hope that his/her first action will not be to emulate the current CEO.
shieldbug
15/8/2020
10:21
Something to consider - UK property values fell (only) 45% during the GFC. Today British Land (366p) trades at a discount to NAV (774p) of 52%. Meanwhile NAV itself has already fallen 14.5% from March 2019 and 20% from March 2018. Debt is much lower this time around. Interest rates are significantly lower than yields. If the majority of retail tenants stay solvent and are able and willing to pay rent these discounts should look excessive.
shieldbug
27/7/2020
13:14
Essential since capitulation day on 3/4 BLND have held up better than the others you quoted yet there proposition looks less viable for the reasons you state so they need to be below 300p for me.
nickrl
27/7/2020
10:22
Exactly, who'd want to have large retail centres at the moment ?
gisjob2
27/7/2020
10:15
LandSec is the closest listed comparable and probably the fairest as such. However, GPOR and in particular DLN have trouced both LAND and BLND over the last 10 years. They stayed away from large shopping centres. Where both LandSec and BLAND fell down was arguably in not realising the threat to retail asset values and divesting. The real sector star has been Segro who effectively reinvented themselves.
essentialinvestor
27/7/2020
10:12
and what about pre-covid ?
gisjob2
27/7/2020
10:04
gisjob - who are its peers? You can't compare supermarkets, medical centres, bigbox warehouses, offices, retail malls with each other! It has marginally outperformed LAND since March.
jonwig
27/7/2020
09:57
Not doing a lot for the share price. BLND a serial disappointer when compared to it's peers.
gisjob2
27/7/2020
09:39
arja - this any good? https://www.propertyweek.com/insight/this-time-reits-are-well-prepared/5109164.article#.XxqMpp5_nCc.linkedin It's a very positive article (relatively speaking). And PW (unlike the general business press) is close to the action.
jonwig
27/7/2020
09:19
could not open link Shieldbug . I wonder what the NAV is at the moment but probably too difficult to quantify and nowhere near historic figure quoted by ADVFN . chartwise not looking good with a triple DB possible at about 310 in next month or so . But a bit of good news would help and a pity we have these Tory clowns running the country and the disaster of brexit .
arja
24/7/2020
12:57
Here is Mike Prew's latest article on the subject - from yesterday. hxxps://www.propertyweek.com/insight/this-time-reits-are-well-prepared/5109164.article#.XxqMpp5_nCc.linkedin
shieldbug
24/7/2020
12:55
If you recall that following the Brexit vote many turned bearish on London offices. Since Brexit not much London office has been built compared to what was planned at the time of the vote. In the same period investors have also turned bearish on retail. I get that this is changing but a lot of it is sentiment. Where sentiment and reality diverges, opportunities occur. Is the discount to NAV justified? If they liquidated the portfolio over the next 3 or 4 years what would they get? Currently REITs are at a massive discount to property prices - whatever you think of the NAVs.
shieldbug
24/7/2020
12:35
as buywell rightly says , the chart tells the story and it looks bearish. It is not a crystal ball ( they cost billions - smile ) but next best thing at giving an indication of what might happen. seems to show support at 340 area and then about 310 a possibility . Hope I am wrong for those holding stock and maybe for them a partial hedge is in order via a CFD short .
arja
24/7/2020
12:29
Shielding, I guess we'll see.
gisjob2
24/7/2020
12:24
The company I work for only had 1 desk for every 2.3 workers pre-pandemic. In the city centre office. Post pandemic only 30% of these will be available but not until September. But all staff I speak with are happy to work from home and the company was pro home working anyway, so don't see the office even existing in the near future.
gisjob2
24/7/2020
12:23
Gisjob - Mike Prew at Jefferies lead all of the other forecasts on British Land when they dropped the price significantly - I can't find a history of forecasts at the moment to show this. But they were right when everyone else (analysts) were wrong. So actually I think he is worth paying attention to.
shieldbug
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