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
  +0.00p +0.00% 26.10p 26.15p 26.40p 26.50p 25.25p 26.10p 3,040,138 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 91.0 -25.5 -3.5 - 183.31

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
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.
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?
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.
Dividend slashed
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.
At 13% yield these are tempting BUT RETAIL INDUSTRY!!!......Someone please convince me. Thanks.
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.
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, 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.
Could be seen to be prudent writing down at this stage? Shareprice unmoved (at present).
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
Big NAV write-down this morning.
I bought a very small pilot position yesterday
I get the feeling someone is short
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 ....
Decent move today - was down to the reassuring noises being made in the TRY factsheet?
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
"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.
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.
Added a few of these and some INTU following the drop
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.
Takeover of intu holding up the price
Testing again 44?
Interims tomorrow!
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