Capital & Counties Prope... Dividends - CAPC

Capital & Counties Prope... Dividends - CAPC

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Stock Name Stock Symbol Market Stock Type
Capital & Counties Properties Plc CAPC London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
2.50 1.5% 168.70 16:35:14
Open Price Low Price High Price Close Price Previous Close
171.00 163.90 171.00 168.70 166.20
more quote information »
Industry Sector

Capital & Counties Prope... CAPC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

nickrl: CAPC results out only skimmed headlines - EPRA NTA 212 pence per share, a decrease of 28 per cent (2019: 293p) - Group net debt to gross assets ratio of 28 per cent (2019: 15 per cent) - ERV decreased by 22 per cent (like-for-like) to £81 million (2019: £108 million) and equivalent yield of 3.91 per cent (2019: 3.65 per cent) - Reported net rental income down 74 per cent to £16 million against December 2019 and underlying net rental income down 30 per cent (like-for-like) to £44 million - EPRA vacancy is 3.5 per cent (2019: 3.2 per cent) Much of this had already played out at interims but shows the destruction of value inflicted from the situation. Void rate is unexpectedly low but probably because they've agreed significant levels of forbearance / deferrals here and will probably have to write off more to retain tenants.
nickrl: Others have mentioned CAPC on other share boards this morning as having NAV down 13% since mid year. Other headlines are there down about 40% rent for current FY with most of it on alternative arrangements meaning they've cut a deal over lease lengths in exchange for nil rent. In Q1 they've got 42% rent in so far and agreed some other arrangement for 52%. FY Results due on 9/3 so we should get some more insight onto whats behind the numbers.
nickrl: Interims out today and not pretty reading but at least reflective. NAV down 18% and divi deferred. 30% rent collected in Q3 and 65% on alternative arrangements (ie not paying just) but on NAV calculation they ascribe a 31m loss of income over next 6-12mths so there not confident. All this resulting in 44% drop in NRI. They confirm that rent deferred is treated as income but adds 20m to receivables so could easily be impaired. Need to be applauded for attacking the cost base unlike some of there peers who do nothing although part of it is coming from fees for SHB acquisition. As i said on SHB thread these two are intrinsically leveraged to footfall particularly tourism and that is in bad shape currently and with long haul aviation potentially facing a permanent reduction in capacity the deep pocketed tourists aint coming anytime soon. At least the ChEX commentary is reflective of this risk. Ultimately this is a good set of assets and a merger of equals with SHB would be a good way forward here to further lower the cost basis but NAV will suffer further declines so wouldn't be surprised if a fund raiser won't be required.
trcml: Would you think CAPC buying into Shaftesbury is a means to up the divi yield on CAPC's shares?
sven2006: This goes ex-divi on the 21st doesnt it ? Will the price go down a little on that day ? Sven
citymohawk: Barclays seem to follow me everywhere ;-D I've been in CAPC since 180p and one of my largest holdings. In fact, when I closed my entire portfolio a few months ago CAPC was the one I never closed.
citymohawk: I've been in Capc for about a year now. Generally selling the market, planning a series of sales etc but looking to double up on capc. Hope we can drum up some discussion here.
northernlass: Land Deals To Net Fortune! Capital & Counties Entitled to Buy Land for 8 Billion Pound Earls Court Project Capital & Counties Properties Plc (CAPC) said it will be entitled to buy a 22-acre area for 105 million pounds ($166 million) as a part of an 8 billion-pound development in London's Earls Court and West Kensington. The developer, known as CapCo, can acquire Hammersmith & Fulham council's land in the Earls Court and West Kensington Opportunity Area for cash consideration of 105 million pounds, plus re-provision of the 760 homes currently on housing estates there, the company said in a statement today citing a report published by the council. In addition to the 15 million pounds it paid in July 2011, at time of entering into the exclusivity agreement with the council, CapCo would initially acquire the 11 Farm Lane and Gibbs Green School sites for another 15 million pounds. CapCo would also have the option, exercisable until 2017, to buy the council's remaining land via a series of payments totaling an additional 75 million pounds, according to the statement. Currently "no transaction has been agreed between the parties and there is no certainty of a transaction being concluded," the company said.
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