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 Shares Traded Last Trade
  -10.80 -2.65% 397.20 22,170,953 16:35:12
Bid Price Offer Price High Price Low Price Open Price
397.80 398.20 413.40 385.90 410.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 526.00 318.00 -110.00 3,692
Last Trade Time Trade Type Trade Size Trade Price Currency
17:13:53 O 59,602 402.814 GBX

British Land (BLND) Latest News (2)

More British Land News
British Land Takeover Rumours

British Land (BLND) Discussions and Chat

British Land Forums and Chat

Date Time Title Posts
28/5/202015:54British Land - Off the ground2,115
14/8/201815:34British Land (BLND) One to Watch on Monday 1
11/3/201714:02*** British Land ***1
14/2/201119:08British Land6

Add a New Thread

British Land (BLND) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all British Land trades in real-time

British Land (BLND) Top Chat Posts

British Land Daily Update: British Land Company Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker BLND. The last closing price for British Land was 408p.
British Land Company Plc has a 4 week average price of 310.70p and a 12 week average price of 309.40p.
The 1 year high share price is 649.40p while the 1 year low share price is currently 309.40p.
There are currently 929,500,680 shares in issue and the average daily traded volume is 5,553,190 shares. The market capitalisation of British Land Company Plc is £3,691,976,700.96.
flyfisher: ''Share price now similar to low point during the financial crisis in 2008.'' But both debt and cost of capital are about 45% lower now, debt servicing costs are about a third of what they were in 2009. As commented by 1nferno, I don't see a need for a capital raise unless for the purpose of buying distressed assets.
hugepants: From last weeks update: "Given our covenant structure across the Group, we could withstand a fall in asset values across the portfolio of greater than 50% without any further mitigating actions." Share price now similar to low point during the financial crisis in 2008.
ianood: Group leverage 22%; consolidated 28% as at 31 March 19. I think they may know how best to manage both their banking relationships and the share price relative to NAV as one of the better UK REITS.
jonwig: A short position need not be a bet that a share price will fall! A pairs trade (long A, short B) is simply a wager that A will outperform B. The short is a hedge rather than a straight bet.
shieldbug: The BLND share of the transaction was £193.5m and after paying off loans etc they get £95m. If this is a correct reading these properties were quite highly levered - about 50%. So while they were quality investments it does help overall with balance sheet. Hoping proceeds used for developing Canada Water which should be in advanced stage of planning now.
cc2014: Agreed, but I'm still struggling to align myself with their strategy. They have a blue chip customer who is unlikely to default and I think it unlikely supermarkets are going to fall in value over an extended period of time. One can discuss on-line shopping but the recent evidence is that on-line supermarket shopping is now falling in percentage terms. So, whilst I can get my head round the desire to reduce the retail percentage from half to a third I'm not sure this is one of the parts I'd want to sell. Of course the directors know the business better than me. Perhaps it's the malls they need to sell really but they are struggling to sell these for NAV so are looking at this instead? It doesn't leave me inspired as a shareholder. Oh and if they are just going to use the cash to buy back shares that doesn't inspire me either. I guess it feels like a deal for the sake of a deal because they have committed to reducing retail as the city boys have told them the share price will go up if they do that. Nevertheless it's neither here nor there in terms of BLND overall. I'll continue to sit in the trade, collect my dividend and hope one day we fix Brexit and it will go up 20% overnight.
cc2014: I can't say I get this deal either. There's nothing wrong with it, but I'm not really sure of the motivation despite the RNS to help me. Looking at the share price the City don't seem bothered either. I guess for the moment I'll just have to trust the directors expertise is much greater than mine. Not really how I like to invest...
shieldbug: BL selling 4 Debenhams stores. No information about price vs valuation. Probably a good thing for the share price to start reducing exposure to retail. Bad news about Crossrail that BL have talked of as key to their Offices strategy. Mind you with Brexit and structural changes in retail that is least of their problems.
jonwig: Telegraph. The notion of a bid is interesting (possible merger with LAND not mentioned): Questor share tip: British Land's 5.3pc yield means that we can afford to be patient – and bidders may scent value This column’s suggestion to buy British Land in the early spring has yet to shower readers in riches because the shares, which looked cheap at the time, have fallen further. In other words, they are now cheaper still, trading at a 39pc discount to the company’s stated net asset value, or “book” value, of its properties of 967p a share. And judging by a second bid for Intu, the shopping centre group, someone else seems to think Britain’s “Reits” (real estate investment trusts) may have fallen too far. A three-way consortium is considering a cash offer for Intu. The presence of Brookfield, a Toronto-quoted business, in the consortium is particularly interesting, since it has already swooped for New York-based Forest City and taken full control of an American shopping mall owner called GGP – both multi-billion-dollar deals. This is not to say Brookfield or the other consortium members will turn their attention to British Land. But it does show that there are buyers of real estate assets out there who presumably share this column’s view that lowly share prices and a weak pound mean that there could be long-term value to be had in Britain’s Reits. The trick now is finding a catalyst to unlock the value that may be there. Otherwise, the stock could fall further. Such are the frustrations (and dangers) of value investing. Interim results due on Nov 14 will update on trading and the all-important net asset value. In all honesty they may not be that inspiring so it could take more merger and acquisition activity (or greater clarity on Brexit) before the share price moves. But the 5.3pc yield means we can afford to wait patiently. Questor says: hold Ticker: BLND Share price at close: 582.6p [Author Russ Mould is investment director at AJ Bell, the stockbroker.]
contrarian joe: EI, I have company refs going back to 2000,one main reason for not initially investing was your "very good wealth destroyers point".Shares in issue 2008 517M,2010 874M,2007 NAV 1678p,share price 1212p mkt cap £6.265bn (a 37% discount to nav),by 2009 shares had tumbled to £3.20p, "extraordinary times".
British Land share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
British La..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200528 16:50:32