Capital & Regional Share Discussion Threads

[the juggler] 14/8/2015 16:31

A welcome rise this afternoon in an otherwise lacklustre market. Shows it has strength in my opinion.

[lord gnome] 14/8/2015 09:58

Just to remind posters that this thread is now closed and we have all migrated to the new thread. See link above.

[cestnous] 14/8/2015 09:11

Comments on results from I.C. today;






REAL ESTATE INVESTMENT & SERVICES
Reit results for Capital & Regional
For Capital & Regional (CAL), as with the wider UK property market, it is still more acase of ‘capital’; than ‘regional̵7; driving asset values, with its London-based shopping centres providing 60 per cent of the £51.8m valuation uplift secured in the first half.
Going is good for the newly transformed real estate investment trust (Reit), although not quite as good as suggested by the statutory profit numbers: these were skewed by the buyout of the minority interests in its Mall portfolio in December, which made its first full contribution in the first half. Like-for-like operating profit at the Mall was up 28 per cent at £11.9m, but only because of a reduction in fees and expenses, with gross rental income marginally lower.
Lease renewals were pitched 6 per cent ahead of estimated rental values (ERV) – the numbers surveyors use in their valuations – while rents for new tenants were signed 23 per cent above ERV. The latter have been driven by the arrival of high-quality tenants such as gyms, which are moving into previously unused space. Overall occupancy was up from 94.3 per cent to 96.4 per cent year on year.
Management believes good progress is being made against its £65m investment programme. Numis Securities analyst Robert Duncan sees some scope for upgrades to his year-end net asset value forecast of 70p.
E Despite their sustained upwards march, Capital & Regional’s shares still trade at a slight discount to net assets, which should continue to grow. With future value to be released from its property refurbishments and at least 3p of dividends expected this year, we remain buyers. IS
Buy

[cestnous] 13/8/2015 15:41

Thanks LG

Director buy after results but share price back to whatitwas. Roll on a few upgrades.

[petersinthemarket] 12/8/2015 18:12

Many thanks LG, can you pls also organise a much higher share price pete

[scottishfield] 12/8/2015 16:18

Tks for the new thread Lord G, makes things a lot easier. Quite a healthy volume today.

[the juggler] 12/8/2015 10:34

CR - well spotted ha ha! Corrected now.

[cockneyrebel] 12/8/2015 10:32

you spelt 'thanks' wrong because Lord G spelt 'Capital' correctly ah Juggler? :-)

CR

[cockneyrebel] 12/8/2015 10:31

Cheers Lord G.

CR

[the juggler] 12/8/2015 10:22

Good effort Lord Gnome, well done and thank you!

[lord gnome] 12/8/2015 10:20

Your all-new thread c/w charts, news and fundamentals is ready and waiting. I've even spelled the name correctly. See you all over there.

[lord gnome] 12/8/2015 10:18

New thread ready to go. Enjoy!

[lord gnome] 12/8/2015 10:17

Here it is. Your all-new thread with the name spelled correctly, complete with charts, fundamentals and news.

Company web site:

[the juggler] 12/8/2015 10:03

I would be happy to see that too Lord Gnome.

[scottishfield] 12/8/2015 10:02

That would be great Lord G, thank you.

[lord gnome] 12/8/2015 09:33

Peter - to do that we will need a new thread - and one with the name spelled correctly. I'd be happy to start a new thread if people would like that.

[cockneyrebel] 12/8/2015 08:56

Very nice reaction today, not much blue about but that's welcome :-)

CR

[petersinthemarket] 12/8/2015 08:54

Can we not have the announcements under the header as on other threads?

[cestnous] 12/8/2015 07:53

Must admit, very happy with a scan of those results. Will take a while to go over the lot.

[lord gnome] 12/8/2015 07:47

Some good news on what will be a difficult day in the markets. Super set of numbers and a positive outlook. Nice divi. Should rise to meet the NAV over the coming days. Property is the place to be. Get rich slowly!

[sjc] 11/8/2015 16:18

Interesting chart position
free stock charts from uk.advfn.com

[cockneyrebel] 11/8/2015 09:31

New highs being hit ahead of tomorrow's results.

CR

[cockneyrebel] 05/8/2015 15:20

Cheers M1keG.

CR

[lord gnome] 05/8/2015 13:08

Thanks Mike. Next Wednesday it is then.

[m1keg] 05/8/2015 12:56

From last RNS
Capital & Regional plc, the UK focused specialist REIT with a portfolio of dominant in-town community shopping centres, today provides an update on the valuation of its six wholly owned Mall shopping centres, prior to the announcement of its half year results on 12 August 2015.