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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Capital & Regional Plc | LSE:CAL | London | Ordinary Share | GB00BL6XZ716 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.80 | -1.57% | 50.20 | 50.00 | 50.40 | - | 85,901 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
16/4/2020 19:53 | 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. | spectoacc | |
16/4/2020 18:01 | 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. | swindon41 | |
15/4/2020 16:32 | 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. | spectoacc | |
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? | nickrl | |
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 | nick rubens | |
20/12/2019 17:21 | joedjoed, Yes 50.52% at HL and 35.75% at X-O. 35.75% was bang on what the announcement said it would be and so if you did better than that you used somebody else's allocation. Very pleased myself with HL allocation. | gary1966 | |
20/12/2019 16:23 | Same with Lloyds, yet to update my portfolio with excess tendered shares and cash. | 2wild | |
20/12/2019 14:40 | Bought in here at 18p some months back and have seen a very good recovery. Just did the same with NSF which also pays a very strong dividend. Can see both trading in the 40s next year. | galaxy enforcer | |
20/12/2019 14:34 | iweb have yet to update my portfolio, all the shares have gone but no cash or message yet. | taylor20 | |
20/12/2019 14:29 | Any one else had the experience of selling more than the 30% in the tender? I thought it might happen that other holders in the pool that is Hargreaves Lansdown's holding may have missed the action. So I tendered all 100%. I didn't expect to be able to sell 50% though. | joedjoed | |
19/12/2019 09:33 | joed - your calc implies the new shares are being issued at 0p. The pro-forma NAV is about 44p, which i further reduced by 10% to 40p due to continued poor sentiment in the retail sector. | 2wild | |
18/12/2019 23:20 | If my previous post is right what this means is that discount to NAV at current 24 share price is 32.7%. The aim of the capital raising is to payoff debts where there is least headroom and leave some capital over for the investment necessary to release value. Per the interims presentation this involves retail to office or residential conversion. Which sounds lucrative to me. | joedjoed | |
18/12/2019 22:53 | '@2wild. Am I missing something: Per the interims as of end Jun 2019 the NAV per share was 51p. As I understand it through the tender / new issue process the number of shares will rise from 727 389 to 1 038 840. So NAV per share will be 0.7 * 51p ie 35p assuming no further deterioration | joedjoed | |
18/12/2019 14:33 | I tendered 37.5% of my holding and sold the rest a couple of weeks later at 27.1p. Thought i made a mistake when they went to 30p. However brought back the lot at just over 24p today. Estimate NAV down to about 40p by Dec 19 year end and 2p annual div gives an 8.3% yield, 40% discount to NAV and low LTV. | 2wild | |
16/12/2019 11:00 | Just under 8% of additional tendering being met. | gary1966 | |
07/11/2019 13:48 | Offer document published. All the dates are on there, too many to cut & paste! | spectoacc | |
06/11/2019 08:35 | INTU talking a good game this morning, but the 9% fall in LFL has sent it to new all-time lows. CAL holders had better hope that offer comes soon.. | spectoacc | |
04/11/2019 17:04 | Does anyone know the date when the part offer will be confirmed? | baddeal | |
27/10/2019 07:46 | @Gary1966 - no prob, had to look it up myself ;) I guess could argue that CAL are moving away from retail and more towards leisure, all within the original shopping centres. | spectoacc | |
26/10/2019 23:12 | Specto, That is why I shouldn’t post at this time of night!! Apologies I am getting my prop co’s confused. | gary1966 | |
26/10/2019 16:40 | SnoZone is the only non-shopping centre operational asset I believe. | topvest | |
26/10/2019 13:16 | @Gary1966 - what do CAL have that isn't shopping centres? Correct me if I'm wrong, but shopping centres aren't a "fraction" according to that - they're nearly all. Also - look at the NAV write-down last time. If that's the last of it, then fine, but seems highly unlikely. There's a heck of a lot still to work through in physical retail IMO. | spectoacc | |
25/10/2019 22:52 | But what % of the overall portfolio are shopping centres and retail now? There may be more writedowns to come but it is only on a fraction of the overall portfolio and so can’t be extrapolated across the entire portfolio. Sales so far aren’t occurring at large discounts to NAV. CAL’s footfall figures have consistently outperformed the wider market. | gary1966 | |
25/10/2019 15:09 | Occupancy (& income) have held up pretty well, considering what valuations have been doing, and if it's the bottom then hooray for CAL. But shopping centres at one of the big REITs were marked down 29% in a year this year, there's been double-digit drops in retail valuations across the board, eg -6.7% in a single quarter at one of the smaller REITs I like (with no drop in income), & I can only see that continuing. Problem with owning centres is that if/when you lose your anchor - be in TopShop, Debenhams, M&S, whoever - you start a downward spiral, in both footfall and rents. But I certainly agree that CAL's immediate and imminent demise has been headed off thanks to Growthpoint. | spectoacc | |
25/10/2019 14:57 | Depends if you saw a further 25% decline in NAV or not. With a falling LTV as a result of this injection and disposals, as well as a rapidly reducing exposure to retail and consistently high occupancy rates, I personally don't see it falling anywhere near that much. | gary1966 |
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