Capital & Regional Share Chat (CAL)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Capital & Regional	LSE:CAL	London	Ordinary Share	GB0001741544	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-1.00p	-3.88%	24.75p	24.70p	24.85p	25.75p	24.70p	25.70p	2,322,385	16:35:23

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	91.0	-25.5	-3.5	-	173.83

Capital & Regional Share Discussion Threads

Showing 2551 to 2574 of 2575 messages

Chat Pages: 103 102 101 100 99 98 97 96 95 94 93 92 Older

Date	Subject	Author	Discuss
22/3/2019 11:49	More bad news today from Debenhams.....I feel for their staff. This will impact on CAL make no mistake. Mike Ashley will take control, close stores, make it even more cheap and cheerful....AND play hard ball on rental forgiveness and rent reductions. For CAL, th challenge is how can you fill the space vacated by M&S and now Debenhams with more "low rent community space" and not take a further big hit on rentals and cash flow? That yield looking a little more shaky. All imho. DYOR?	swindon41	Read Full Thread Reply
21/3/2019 12:01	Thanks for the investment lesson Marky.....I know who to turn to for advice in future. Net Debt acc to the annual report is increasing - by 2%. Perhaps you could advise CAL that their report isn't factually correct The fact that peers are also struggling kinda makes my point don't you think? Avoid the sector or select those that stand out for good reasons and that work WITH local towns & communities not AGAINST them. CAL appears hellbent on driving the people of Luton against them and ultimately that will back fire as footfall already shows and long term sentiment is driven down. This imoakcts on rental demand, alongside the huge rental space about to be given up by M&S - and in all probability Debenhams. Institutions are watching very carefully how CAL handles the next retail assault after Brexit. By the way, ask CAL about rent holidays and other incentives needed to keep up rent premiums that don't need to be declared in the accounts but DO impact on the life blood of CAL - cash flow. Also take a careful look at rent arrears and bad debts - these will be coming under increasing pressure but may not Be fully provided for - it's an accountants' art on how to massage the books for investors but doesn't represent the actuality of bloodshed on retail high streets. I should ask CAL what their accounting policy is on this. Add all these together alongside a long drawn out legal battle & QC costs - and a massive distraction of management time - that CAL seem set on as they are running scared of the newly approved Newlands mixed development in Luton, and no wonder the stock price is falling to an all time low! It's your money, and good luck if you choose to invest your savings in CAL when you can achieve dividends on far safer more reputable stock elsewhere? I know where my hard earned is going and it ain't in the high street!	swindon41	Read Full Thread Reply
15/3/2019 11:26	Wow swindon42 - clearly the dividend cut has made you very angry. I will address your points as they are very uneducated and you are clearly oblivious to the retail turmoil out there and the impact it is having on shopping centre landlords like C&R (and Intu, and Hammerson) - The CEO only joined a year and a bit ago. He did not buy these assets, he inherited them. Key point. - Losses are not deepening. In fact, profit was up 4.8%. The losses you maybe warbling on about are due to a 11% decline in asset values, which has been driven by poor sentiment to real property by property valuers, NOT unique to C&R but happening across the board at retail property companies - Debt is not increasing. Leverage is increasing (the loan to value). As the Value part of the equation is decreasing, the LTV rises. Funny that! - The covenants are set at 70% (read the annual report!) so the company is fine there - Net rental income is actually up, i.e. they grew the rents - The dividend was cut as they say to save capital to invest in the "tired and dreadful malls" as you call them. So you criticise the fact the malls are rubbish, but you do not want them to invest in them though (by cutting the div)? Again, you're talking gibberish - The new dividend is still 8.5% yield, hardly hard times There is no doubt the company is suffering from tough retail markets, but that is no surprise if you read any news source! I would suggest you read things properly before posting drivel up.	markyjacob123	Read Full Thread Reply
14/3/2019 13:56	Results - in short worrying. Oh dear, Laughable Larry the CEO who seems to attract self-inflicted mistakes - ask the Board of 2020 inc his recent goof that alleged they have been trying to poach 3 of his tenants in Luton - has just dropped another clanger.....however hard he tries to get his new CFO ( an inside appointment after a failed external recruitment exercise) to window dress this, these results are v worrying if you ar long: Losses deepening, NAV falling, and debt increasing. How long before covenants breached Larry? And it's going to get worse - Luton BC this week approved a large out of town mixed use development just 3 miles from CAL's tired & dreadful Mall. CAL campaigned long and hard against this citing it would damage irreparably the Mall and town centre. You make your own mind up. Either way it's getting worse which is why Loopy Larry is going to Judicial Review at a cost of millions in expert legal fees. Why? Because the guy is on a testosterone trip & can't swallow being beaten? But don't worry about your investment folks, at least the dividend is safe and sound as some of you have been spouting. Oh no, hang on a minute............ By the way, my short is doing just fine. This is heading one way, just like high street retail. You decide which way - up or down?	swindon41	Read Full Thread Reply
14/3/2019 09:56	FY divi of 2.42p gives yield of around 8.5% on current share price of just over 28p. The intention is to maintain dividends at this level (see final sentence of dividend statement below) but there must be risk in achieving that. I've sold this morning at 29.75p and may return if prospective yield goes into double figures again. Extract from RNS: Dividend The Board is recommending a final dividend of 0.60 pence per share taking the full year dividend to 2.42 pence per share. This represents a decrease of 33.5 per cent over the 2017 full year dividend of 3.64 per share. The Company has been actively exploring financing options to underpin its Capex plans. The Board has concluded that adjusting the dividend and agreeing a new Capex facility for the Hemel Hempstead loan to support the Cinema development along with increased headroom on the rebased Revolving Credit Facility is the best option for the company at this point in time given current uncertainties in occupational and investment markets. The cash preserved will assist in mitigating leverage and maintain investment in the Company's capital expenditure initiatives, which in the longer-term are expected to support earnings growth. The proposed dividend, together with the interim dividend paid in October 2018, substantially fulfils the Group's UK REIT obligations for the 2018 Financial Year. Dividends for the short to medium-term are expected to be set at around the same level (2.42 pence per share per annum), subject to material retailer administrations and the Board's intention to meet its minimum REIT distribution requirements.	redhill9	Read Full Thread Reply
14/3/2019 07:34	Dividend slashed	belgraviaboy	Read Full Thread Reply
13/3/2019 16:25	Toped up at 31.12p today. Results out tomorrow. Expect final div to be similar to intrim at 1.82p as a fully covered PID, which equates to 11.7% yield.	2wild	Read Full Thread Reply
07/2/2019 11:39	At 13% yield these are tempting BUT RETAIL INDUSTRY!!!......Someone please convince me. Thanks.	eggbaconandbubble	Read Full Thread Reply
25/1/2019 14:35	Am I missing something? Why would the dividend be cut? Occupancy is up and footfall is up, business is robust and 5 months ago management committed to increasing the dividend in 2019 despite the recent CVAs.	winsome	Read Full Thread Reply
24/1/2019 19:46	Yes I agree the dividend is going to be interesting I can't see it being fully maintained but I still think it will be high single digit %The rest of the rns seemed ok to me too but the market is the market!	mattboxy	Read Full Thread Reply
24/1/2019 10:10	mattboxy, maybe but it depends if you believe the NAV won't fall further. When comparing NAV to share price it's worth remembering the NAV is meant to be current whereas the share price is looking ahead. Having said that, I have to agree the discount does look excessive even allowing for caution. The key point will be how the dividend holds up - prospective yield at current share price is over 13.5% (edited for today's sp) so something has to give, either the dividend falls or share price increases.	redhill9	Read Full Thread Reply
24/1/2019 08:03	Could be seen to be prudent writing down at this stage? Shareprice unmoved (at present).	belgraviaboy	Read Full Thread Reply
24/1/2019 07:55	NAV now around 60p per share vs 66p in June 201810% NAV write down vs 50 % share price fall !I'd say there's value to be had in these	mattboxy	Read Full Thread Reply
24/1/2019 07:39	Big NAV write-down this morning.	tiltonboy	Read Full Thread Reply
19/1/2019 09:11	I bought a very small pilot position yesterday	belgraviaboy	Read Full Thread Reply
19/1/2019 08:39	I get the feeling someone is short	mattboxy	Read Full Thread Reply
19/1/2019 07:03	Ewith M&S closing their store in the Mall, Luton I wonder what impact on cash flow there? Interesting to see who gets lined up to take their space ....	swindon41	Read Full Thread Reply
18/1/2019 14:42	Decent move today - was down to the reassuring noises being made in the TRY factsheet?	belgraviaboy	Read Full Thread Reply
02/1/2019 12:33	Nice price action today - it's going down! Going to get a whole lot cheaper yet IMHO. Was in their flag ship Mall in Luton over Christmas & New Year.....footfall isn't there from what I can see on the ground, sales in the likes of Debenhams, Top Shop , Marks & Spencer continue falling.....CAL's response is to fill their empty shop,space with bucket shop discount stores at much reduced rentals/free rental on sign up....New Year's day the place was deserted, like a ghost town. Their divi looks attractive,on paper but I can't see it being maintained as they will be draining cash. AND they are about to embark on a long drawn out legal action in Luton which will provide a nice little earner for top London QC's but at what cost to their cash flow? This is heading to below 15p IMHO at which point they will try and flog off assets to raise cash - perhaps Luton BC might take the dreadful Mall off their hands? I will continue to watch and may buy as a punt when it slips below 15p. DYOR and don't forget the huge debt pile and retail isn't looking good for 2019. Happy New Year	swindon41	Read Full Thread Reply
20/12/2018 16:03	"the strength of feeling against C&R in towns like a luton is tangible" I am not in CAL and I have no idea what is happening in Luton but when people go shopping they go to a particular shopping centre to visit specific shops and they haven't got the remotest idea or concern who it is that owns the particular centre.	salchow	Read Full Thread Reply
18/12/2018 12:32	This is only going one way - share price in free fall, retail sector battered, a business model that's broken, malls that are grotty and lowest end of the market, and management that's in denial....a CEO who seems more interested in pursuing very dodgy dubious PR 'techniques' and a personal vendetta against the likes of Luton Town FC ....the strength of feeling against C&R in towns like a luton is tangible and institutional investors are becoming increasingly concerned about reputational issues....dividend is the only thing proppping up the share price, but income will become increasingly under threat as more shops struggle into 2019 and impact of U.K./global rcession.I'd avoid like the plague. AIMO. DYOR.	swindon41	Read Full Thread Reply
12/12/2018 14:32	Added a few of these and some INTU following the drop	knowing	Read Full Thread Reply
30/10/2018 17:42	9% dividend yield looks good. Operational side of the business (which feeds the dividend) is going well. Just NAV getting hit due to retail property sentiment. Tempted.	trogerswinning	Read Full Thread Reply
04/10/2018 17:59	Takeover of intu holding up the price	robizm	Read Full Thread Reply

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