British Land Share Discussion Threads

[borisjohnsonshair] 18/9/2023 16:04

Why was GBP120,000,000 just wiped off the Mcap?

[nickrl] 06/9/2023 20:42

Unless a threshold is breached then major shareholders dont have to report anything.

[dandanactionman] 06/9/2023 19:24

Can anybody explain to me how we have not seen more rns reports on declared holdings. Given the volumes going through I was expecting more rns updates.

[nuri123a] 31/8/2023 19:32

Wow - that after day set of trades is enormous. I sold all of my £250k shares this morning. In hindsight a great move. Looks like an II offloading or one huge short bet. I'. staying away from this one.

[dandanactionman] 31/8/2023 18:22

What happened to volume after hours today?

[jonwig] 23/8/2023 06:56

BJHair - it shouldn't be 4.5! As a REIT they must pay out 90% of net rental income, so true cover is at most 1.1x.

Are you including the non-cash change in property values as part of earnings?

Chances of a PE takeover? I'd hope any bid below NAV would be roundly rejected, as transactions are taking place close to NAV. There are a few stories around in the FT about PE being in a distressed state because of their leverage and high rates. If that's generally true, it makes a bid less likely.

It's in the process of selling some assets to US firm Realty (£300m, I think):



Jefferie has a new target of 420p:

[borisjohnsonshair] 23/8/2023 05:39

Agreed. I hold for the income. The dividend cover is excellent, if correct, 4.5.

[williamcooper104] 22/8/2023 14:32

Yep - it's more of a problem for unsecured creditors as the new owners might raise a lot of secured debt

[essentialinvestor] 22/8/2023 13:48

BJH, no idea and it's a highly speculative reason alone to hold
or buy a stock, sector cycle lows may possibly be seen this autumn,
merely a guess though.

[borisjohnsonshair] 22/8/2023 13:28

But that's a good thing. They'll not take over for near 3 quid, more like 5?

[essentialinvestor] 22/8/2023 11:30

* private equity

[williamcooper104] 21/8/2023 17:49

Don't hold as perpetually bearish on British Land Securities (hold Land bonds - they're secured so can't get so easily screwed if they do get PE taken over) But at some point PE has to put them out of their misery

[dandanactionman] 21/8/2023 17:11

Place your bets gentlemen, will it hold around this level or will it bash through this level.I am a holder but to be honest I have no idea if it will hold 300 level.

[borisjohnsonshair] 12/8/2023 07:24

It's below 50% of its net asset value per share. When rates drop, or even confirmed peaking, this will rocket.

[cwa1] 11/8/2023 15:32

These "price target markdowns" appear to be from the 10th of July! Any reason for regurgitating them now?

[waldron] 11/8/2023 15:22

Strong support mentioned as 297p

[salpara111] 11/8/2023 15:19

Those are some serious price target markdowns, they seem to be suggesting that we are close to the end of the world!

[kcsham] 11/8/2023 12:03

Price targets for Assure moved to 49 pence from 75p, Big Yellow to 903p from 1,250p, Derwent London to 2,144p from 2,622p, Great Portland to 424p from 558p, Safestore to 770p from 1,130p, Segro to 608p from 1,054p and Shaftesbury to 121p from 138p. Targets for British Land moved to 233p from 386p, Land Securities to 485p from 648p, and Hammerson to 12p from 24p.https://www.marketscreener.com/quote/stock/BIG-YELLOW-GROUP-PLC-9590173/news/HSBC-cuts-UK-real-estate-sees-outlook-as-particularly-precarious-44303678/

[panache1] 11/8/2023 09:18

I'm in 322

[borisjohnsonshair] 09/8/2023 09:14

Asset value around 300% of MCAP after debt removed. Inflation has peaked, so rates will drop way lower by 2026, they'll also be an end to the pathetic work from home nonsense.

[waldron] 09/8/2023 08:19

Likely to trend up today as bounced off support

Enterprize Value apparently set at double current sp

Earnings Release in Mid November should indicate direction

all the best

[cwa1] 19/7/2023 08:14

Nice fillip this morning in the SP, presumably largely predicated on the inflation numbers this morning I suppose. Has there been anything else-broker update?