Capital & Regional Share Discussion Threads

[luckymouse] 12/10/2016 16:15

GBP/Brexit hurting this along with REIT sector

[mattboxy] 25/7/2016 22:59

Moving back towards the 60s where this definitely belongs!

[martincc] 03/6/2016 14:45

Another director buy,

02 Jun 2016 Louis Norval Buy 2,000,000 @ 60.00p £1,200,000.00

[mattboxy] 04/3/2016 07:39

Capital & Regional plc("Capital & Regional", the "Group" or the "Company")Full Year Results to 30 December 2015 CAPITAL & REGIONAL DELIVERS YEAR OF STRONG PROFIT AND DIVIDEND GROWTHCapital & Regional plc, the UK shopping centre focused REIT, today announces its full year results to 30 December 2015 together with the £10.5 million acquisition of a further property in Hemel Hempstead and the selection of Barratt London as the preferred development partner for the proposed extension of The Mall, Walthamstow. Financial · Operating Profit increased 24% to £24.0 million (December 2014: £19.3 million) benefiting from our ongoing asset management initiatives and the impact of cost synergies from integrating the Mall portfolio. · Total profit of £100 million (December 2014: £75.2 million) including unrealised valuation gains.· 228% increase in total dividend for 2015 of 3.12p per share compared to 2014 (0.95p per share) and ahead of previous guidance.· NAV per share increased by 20% to 72p (December 2014: 60p), reflecting strengthening investment markets but also growth in income and repositioning of our shopping centres.· See-through net debt to property of 41% (December 2014: 45%).· Total shareholder return of 29.8% (December 2014: 24.7%). Operational · Net rental income on our wholly owned Mall portfolio of £47.1 million, reflecting an increase of 7.3% on a like-for-like basis.· 72 new lettings with rent of £5.4 million at significant premium to ERV.· Strong occupancy, further improved to 97.1% (December 2014: 96.1%).· Continued progress on £65 million Mall Capex plan during 2015, including the:o £3.2 million redevelopment of Ainsworth Mall in Blackburn, with a new gym handed over in Q1 2016.o Refurbishment of Walthamstow completed (£3 million) and Maidstone (£4 million) due to complete in June 2016.o New Sports Direct and TK Maxx units open and trading in Walthamstow. Strong momentum continues into 2016· Selection of Barratt London as preferred development partner for extension of The Mall Walthamstow to provide 92,000 sq ft of new retail space and over 400 residential units. · £10.5 million purchase of Edmonds Parade property announced today, which is adjacent to the Marlowes shopping centre that was acquired in February 2016 for £35.5 million and further consolidates dominance of the town centre retail offer.· Unsolicited offers received for Buttermarket Centre, Ipswich provide potential for realising significant returns on completion of leisure redevelopment work in summer 2016. 20152014Total shareholder return129.8%24.7%Operating ProfitP2£24.0m£19.3mProfit for the period£100.0m£75.2mTotal Dividend per Share3.12p0.95p NAV per share72p60pEPRA NAV per share71p59p Group net debtP3£338.1m£336.6mSee-through net debt to property value 3, 441%

[mattboxy] 03/3/2016 18:55

Rising before results hopefully good figures tomorrow

[petersinthemarket] 28/1/2016 20:40

Unconvincing chart - I got out and put the cash into inse. pete

[cszjrh2] 11/1/2016 09:55

Very understandable. I'm expecting the next set of figures to be strong but at the moment March for the Prelims looks a long way away....

[lord gnome] 11/1/2016 09:15

I'm out at 64p. The price continues to drip away and that chart is trying to tell me something. Switched into CREI.

[petersinthemarket] 26/11/2015 14:41

This is a breakout, but why so hesitant?
I've added, but some up to date news would be helpful.
rgds, Pete

[scottishfield] 23/11/2015 16:21

See if we can hold the gain today.

[lord gnome] 20/11/2015 08:34

Beginning to look as though we aren't going to get an update CR. It could be a long wait until March for the next numbers.

[cockneyrebel] 09/11/2015 10:44

Still holding scottishfield, just waiting for the trading update :-)

CR

[scottishfield] 29/10/2015 16:05

tks CR (you still in ? I would think so).

[cockneyrebel] 29/10/2015 14:34

Trading update Nov 8th last year.

CR

[scottishfield] 29/10/2015 14:09

Looking v positive now, at breakout point.

[cszjrh2] 19/10/2015 10:09

III: "UK shopping centre-owner Capital & Regional (CAL) trades at a 19% discount to net asset value (NAV) estimates for 2016. Asset management initiatives can drive rental growth, too, says JPM, and there's potential for M&A."

[cszjrh2] 15/10/2015 18:16

Director buys - always reassures me when they own more shares than I do ;)Yes huge volume today. Presumably linked to the Karoo disposals/transfers...?

[scottishfield] 15/10/2015 14:06

Director buys. - rns edit: some nice big buys today, I have topped up a little.

[cszjrh2] 30/9/2015 18:16

Not that I put much faith in them always nice to see analyst forecasts going the right way:Numis Securities Ltd restated their add rating on shares of Capital & Regional plc (LON:CAL) in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has a GBX 75 ($1.14) target price on the real estate investment trust's stock

[johnv] 30/9/2015 14:41

Thanks winsome

[winsome147] 28/9/2015 16:22

johnv, as I understand it no new shares are being issued. They can just be traded on both exchanges (are fungible), as it says in the RNS. There is no dilution.

[loldemort] 28/9/2015 15:22

I wonder if Norval could intend to transfer S.A. property into the company? Would that require a re-jigging of our articles? Or maybe it's just a way for him and buddies to get cash out of S.A.?

[johnv] 28/9/2015 14:55

JSE listing good or bad? surely our eps will be diluted down by the extra shares.