Capital & Regional Share Discussion Threads

[nickrl] 15/10/2020 11:28

Specto report worse than others but share price have spiked up on unusual volume - if only EPIC could respond so positively!

[spectoacc] 15/10/2020 07:43

You thought? I didn't :) 51% rent collection in the post-lockdown period, before re-entering restrictions. "September footfall outperforming the national index by 11%" a favourite. "This means we have collected approximately 56% of all rents that have fallen due from the 25 March 2020 to the date of this announcement, including rents payable on both a quarterly and monthly basis. " Will that get better or worse from here? They've got cash, but is it covering interest repayments & costs? Interims was £67m unrestricted cash as at end-June, at end-Sept is £60m.

[deadly] 15/10/2020 07:41

Good update today.

[tiltonboy] 24/9/2020 13:21

It obviously took somebody a long time to realise they put an order at best on the SETS board.

[spectoacc] 24/9/2020 13:14

First UT 5k shares 52.2p at 8.50am. Next also 5k shares, 59.6p at 9.07. Then a large 39.1k shares UT'd at 68p at 9.13. Were some keen buyers (& a few more prescient sellers) in the early 70's around 9.14-9.16am, & a bid bot appeared 72.2p. All a bit odd considering where it now is.

[tiltonboy] 24/9/2020 13:01

Looks like the purchases were at 0907, and the unwind at 0915.

[spectoacc] 24/9/2020 12:49

Went on a bit long for FF - was well bid and multi-hit at 72.2p, as well as through 3 auctions on the way up (and now 4 on the way down, lol).

[tiltonboy] 24/9/2020 12:28

Fat-finger trade

[spectoacc] 24/9/2020 12:20

Now negative on the day, amazing.

[knowing] 24/9/2020 08:26

Some move !

[spectoacc] 24/9/2020 08:23

Wow back to 50p!

[spectoacc] 24/9/2020 08:12

Not seen anything, but Growthpoint the obvious thought..

[knowing] 24/9/2020 08:08

Whooo whats going on

[spectoacc] 16/9/2020 13:00

How deep are Growthpoint's pockets tho? They won't want to walk away from something they only recently paid £3.30 and £2.50 per share for (pre-10/1 consolidation). Hard to believe now, but only c.61% of shareholders voted the offer through. Even without Covid, CAL were a basket case. 5.4p now in old money.

[swindon41] 04/9/2020 11:25

Can't see debt being serviced for long here, and then its bank covenants that will be breached. It won't end well. retail will not imho revert to old norms, many shoppers have changed for good. Imaginative reuse of existing sites say to residential might be part of the solution.

[spectoacc] 04/9/2020 10:29

Agree with all that but the part that caught my eye was: "We are now working to better understand the long term impact of the current uncertainties to determine the best approach for reducing debt levels...". I reckon Growthpoint's involvement/partial ownership prevents an INTU - but can see a situation where there's another big fundraising at a level only Growthpoint support.

[nickrl] 03/7/2020 13:01

In line with others 34% rental collection so far vs 40% they've now recvd from previous qtr. Half of what is owed is from the big retailers who won't be able to withhold if moratorium removed end of Sept?

[pauladrew] 18/4/2020 15:55

Company maintaining 11p Dividend From RNS 24th March 2020 Within its Year End Results announcement on 5 March 2020 the Company proposed a final dividend for the year ending 30 December 2019 of 11 pence per share (the "Dividend"). The Company is maintaining the Dividend but, in light of the evolving impact of the COVID-19 pandemic, is proposing to initiate a scrip dividend alternative, subject to shareholder approval at the Company's Annual General Meeting scheduled for 20 May 2020. The Company's Directors and its three largest shareholders, Growthpoint Properties Limited, Mstead Limited and PDI Investment Holdings Limited, who together represent approximately 60.6% of the Company's Issued Share Capital, have all confirmed that they will take up the scrip option for the entirety of their holdings. In addition, a further three of the Company's largest shareholders have also indicated that they will take up the scrip option, which would increase the total take-up to at least 65%. The Board believe this approach to be the most beneficial course of action to take in the current circumstances, noting that it: -- Results in the majority of the proposed GBP11.4 million total dividend payment being preserved in cash within the business; -- Demonstrates the support of the Company's largest shareholders; -- Maintains compliance with the Company's REIT requirements; and -- Provides other shareholders with flexibility to take cash or the scrip alternative.

[pauladrew] 18/4/2020 15:42

swindon41 read the RNS update on 31st March 220 - 'As at close of business on 25 March 2020 the Group had total cash on balance sheet of over GBP90 million, which is equivalent to more than one year's gross revenue'.

[spectoacc] 16/4/2020 18:53

Well I thought that before Growthpoint came along, and was certainly wrong for a time - a good bounce for those who took the Growthpoint dollar. Commiserations to those who didn't. Converting to "destination leisure" must have seemed a good move pre-Covid.

[swindon41] 16/4/2020 17:01

CAL Getting it's just rewards now.......wrong sector, wrong business model. Wrong CEO. Wrong to take on the people of Luton. Kiss of death. We warned you. You took on a fight you could never win, big eye off the ball, big deflection, big mistake. CAL drowning in debt, no chance of easing the lock down in time to save this pile of carp.

[spectoacc] 15/4/2020 15:32

Took CAL off my watchlist, got a shock when I saw the price just now! But then saw the C for Consolidation on the chart :)) Strewth tho, Growthpoint - not a deal I'd ahve done in the first place, but looking EMI-esque now.

[nickrl] 17/3/2020 14:25

im guessing these have been trashed today, more than other PropCos, due to the number of Debenhams they have in the portfolio and there announcement that they want five months rent free. Will Growthpoint look to take the whole thing out i wonder?

[nick rubens] 23/12/2019 10:35

I sold some to Growthpoint from my HL account. A fair loss but what can you do, retail leasing not looking good I guess. If anyone has been following this stock, How big a stake will Growthpoint have in CAL going forward and how might they change direction? cheers NR