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Share Name Share Symbol Market Type Share ISIN Share Description
Capital & Counties Properties Plc LSE:CAPC London Ordinary Share GB00B62G9D36 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.70 -9.39% 103.20 103.30 103.60 111.60 99.60 111.60 12,346,684 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 79.4 -61.3 -29.7 - 878

Capital & Counties Prope... Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
22/10/2020
09:15
Valuing SHB at 400p means a £113m write-down on their Summer acquisition of 25% at 540p. That's just 13.3p/share; so really not that serious when they trade at a now vast 55% discount. Is this becoming a buy at 104p?
skyship
13/8/2020
16:56
NED Lane and his wife couldn't resist 1.30 and picked up 109k shares
nickrl
12/8/2020
11:55
Hi Nick, appreciate the view. My average here is just under 1.39, not adding today.
essentialinvestor
12/8/2020
09:56
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.
nickrl
21/7/2020
17:42
Essential my take is they can control virus if there fleet of foot when local outbreaks occur but that needs HMG to accept the financially liability of the consequences so there is no reason to hesitate. My qualm with some of the REITs, propcos less, is other than CAPEX they aren't attacking the cost base especially there own salaries /fees and too many don't have much skin in the game either. Oh and you would have thought the low SP's would have had them all bottom fishing but they haven't which leaves me cautious on adding much more.
nickrl
21/7/2020
16:42
Hi Nick, appreciate the view and would agree. I'm holding 10 different REITS atm, which is getting a little ridiculous. Problem is autumn/winter looks perilous (to me) with a likelihood of rapidly escalating COVID cases.
essentialinvestor
21/7/2020
16:33
Essential as I say this very much leveraged to the tourist trade and that is on the floor currently as far as London is concerned. That said now leisure travel is permitted on public transport there maybe a progressive return and there was certainly quite a few more people on the train i took into London mid morning (now have to share with others in a coach whereas a month ago you got carriage to yourself!!). I'd like to know what deal they've got on t/o rents as that looks like the way they've gone and rightly so to keep tenants but how much is base rent and how much is t/o. Suspect we will have to wait til next results to get that answer.
nickrl
21/7/2020
10:12
Had a very small amount. Year low circa £1.31. Looks dire but pretty much as expected, as in anything but pretty. Salient issue is the outlook 12 months from now.
essentialinvestor
21/7/2020
09:50
'London calling, yes, I was there, too And you know what they said? Well, some of it was true London calling' Apologies for the randomness, happened to be listening to that Clash classic while reading the results and it is London property. What do we think folks?.
essentialinvestor
21/7/2020
09:21
Trading statement today lays bare the impact on NAV down a whopping 17%. Only 27% of rent collected in Q3 but 67% is on alternative agreements already be that deferred or turnover related. Yes they may have a prime retail estate and positive that local roads have been closed to assist but real issue is lack of footfall. Maybe with leisure journeys now permitted again there will be a pick up but without overseas visitors they will remain impaired for sometime yet. Question is is this in SP??
nickrl
03/6/2020
10:08
Would you think CAPC buying into Shaftesbury is a means to up the divi yield on CAPC's shares?
trcml
22/1/2020
14:41
Looks like the Boris bounce fell over here.
my retirement fund
29/11/2019
08:12
Looking to take a position here
nw99
21/10/2019
08:17
Been in since late August, my neighbour Candy knows a thing about timing in the property market, sold One Hyde Park before the downturn, plenty of cash for bargains.
ny boy
27/9/2019
08:44
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.
rkjones
26/9/2019
08:33
Very bullish report out from Undervalued shares.com
montynj
23/8/2019
08:11
Another bid today ..eto
3dwd
22/8/2019
18:34
Quite possibly
3dwd
22/8/2019
18:14
I am in here as I feel an overseas predator could make a move soon
ny boy
22/8/2019
18:06
Agree .... disposal of earl's court could happen... Chinese .. possible ...we shall see
3dwd
22/8/2019
10:58
Still holding this stock and hoping to see some progress with the company splitting into two which should see some capital appreciation. Otherwise the company’s London assets are depressed whilst Brexit issues overhang and will not really progress until that is resolved. The cheap pound may well encourage overseas investment in the capital. I think the company is sound but patience is needed.
rkjones
22/8/2019
09:29
What are your views...?
3dwd
26/7/2019
10:22
Anyone following this
3dwd
20/12/2017
12:06
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.
rkjones
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