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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Capital & Counties Properties Plc | CAPC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 131.30 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 131.30 |
| Top Posts |
|---|
Posted at 23/2/2022 11:49 by nickrl FY results out today and suppose one positive is NTA barely changed although you have to dig into the numbers to see whats going on and tbh i get lost in these big popcos with JVs as to what the true situation is so its highly possible im misinterpreting things so dyor.Its low dividend means it currently uninvestable to me and would be surprised to see its divi move up significantly from here to get into >3% yield but it is the West End and overseas investors seem to like trophy assets. Anyhow as it has read across to BCPT and SHB (no interest in that one either) had a read through. Certainly good to see leasing activity well up although as to what terms they are offering is difficult to determine but carrying a 43m lease incentives in the books says a fair amount to me but if the economy holds up then good investment for future income. Don't get the logic of holding c320m in cash and an undrawn RCF of £300m which has a cost to it or maybe they want quick access to funds to absorb SHB although that would need alot more than that. Post year end they are redeeming some 3.6% private placement notes but at a premia of course. Nett impact is interest charges absorbed 26m but will reduce in future years to c23m. So even with improved NRI admin costs and interest charges have utilised most of this years cash leaving the divi uncovered. There may also be a useful increase in SHB divi as well to add in so along with improved NRI a modest divi increase will happen but yield won't hit my 3% threshold unless share price tanks. |
Posted at 27/9/2019 07:44 by rkjones Seen a summary of the report and it looks very positive. C& c not named but clearly it is them. Let’s hope for some early action. With @£ weak must be attractive to foreign investors seeking entry into London property. |
Posted at 20/12/2017 12:06 by rkjones The stock was highlighted in Money Week about a month ago as a Buy for contrarian investors with the asset value some 30% below m/v.This excludes a possible revaluation of a deal with Hammersmith and Fulham as to the number of properties that they could potentially develop. Negotiations here are on going but with pressure on local authorities to increase availability of affordable homes in London, one would hope a deal could be done. The increased value of such an arrangement would significantly enhance the company's asset value. Hopefully the market is now recognising the potential. |
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