Capital & Regional Share Discussion Threads

[kibes] 20/10/2009 15:32

'The property is currently being used as Capital & Regional's head office but the Group will move to rented premises on completion.'

A property company which has to move to rented premises? I thought we were supposed to be landlords not tenants. Why can't they move into empty space in something which they own? Seems daft to me. Since the shares have fallen from 1700p to 40p I think portacabins in a car park would be more appropriate anyway.

[hungry wolf] 20/10/2009 15:27

How do you know that?

I hope from now on they will work from home. A great deal cheaper providing their wifes do not divorce them.

[edward hopper] 20/10/2009 15:05

The sell today of Grosvenor Place,about time to,we knew it was coming as it got mention at the egm.

why have a head office in London when you are a large lettings company with no London assets in your portfolio,its a leftover mistake from the last management,who were probably living the life in the good times.imo that has now been corrected.

[edward hopper] 20/10/2009 14:52

thanks daicaprice

thats great news!!!

[daicaprice] 20/10/2009 14:41

I got out temporarily at 41.12 having gone in at 37.5 that usually means they are about to rise. I wish you luck, and will keep watching.

[cockneyrebel] 20/10/2009 14:40

248K is nothing surely - it's at 42p and I've been seeing trades large enough to take that out in 2-3 trades regularly recently.

I'd love to buy them but it's the wife's birthday next week - all my cash has been asigned :-)

CR

[edward hopper] 20/10/2009 14:37

i dont think the 298k shares when they eventually get sold is a big deal ,thinking about it.

what was the 14.19 500,000 k = buy or sell,to me it must of been a buy?

we have been rising 12% a week for 2 1/2 weeks and i see this continuing

what do you guys think?

[warmsun] 20/10/2009 13:23

lol... yes, come on directors or CR get your fingers in your pockets, help us poor people out!!! Get rid of the 298k now! Action group needed perhaps?

[martincc] 20/10/2009 12:58

Yes, that lump of 298k at 42p is offputting -
CR, you can afford to buy them, then the price will be up & away.

[warmsun] 20/10/2009 12:34

Good news.

Also, the 298k still there at 42p

[jammytass] 20/10/2009 12:28

50p here we come!!!!

[cockneyrebel] 20/10/2009 12:21

Starting to look less and less risk, more and more reward imo.

CR

[cockneyrebel] 20/10/2009 12:20

RNS Number : 0920B
Capital & Regional plc
20 October 2009

?


20 October 2009




CAPITAL & REGIONAL PLC
SALE OF 10 LOWER GROSVENOR PLACE




Capital & Regional Plc ("Capital & Regional" or the "Group") today announces
that it has exchanged contracts for the sale of its long leasehold owner
occupied building at 10 Lower Grosvenor Place, London, to Kardamyla Holdings
Limited for GBP10.5 million in cash. Completion will take place in February
2010.


The proceeds will be used to repay the GBP7.44 million debt outstanding on the
property with the balance being retained in cash. The sale reduces debt and
frees up capital for alternative future use.


The property was included in the 30 June 2009 accounts at GBP10.1 million, which
included a GBP0.8 million head lease adjustment, and net annual rent payable
intra group for the year to 31 December 2008 was GBP850,000.


The property is currently being used as Capital & Regional's head office but the
Group will move to rented premises on completion.

[hungry wolf] 20/10/2009 12:13

We appear to have reached a stale mate.

Dow to open strong so perhaps that will get the appetite back for our conservative investors over here.

[warmsun] 20/10/2009 08:24

I will try and keep an eye on it as and when I can.

[bruce8] 20/10/2009 08:17

21,309 at 41.25

67,821 at 41.75

298,788 at 42 in one order plus another 45,000

[edward hopper] 20/10/2009 08:13

warmsun is that 42p order still there?

[warmsun] 20/10/2009 07:04

We have a 331k sitting at 42p. If that gets taken out then it will be very interesting

[hungry wolf] 19/10/2009 21:50

P.S.
Thanks edward.

[edward hopper] 19/10/2009 21:31

Hungry Wolf

quote

"I look at mms buys"

isnt 4% by standard life enough

dont get me wrong mate,your plan B will see you alright!

all property companies are good its just this has the best short/med/long term grow,so its luck you still have half.

HOLD TIGHT!!

[edward hopper] 19/10/2009 21:15

big dave

i was there that day it closed at 98p,and it actually spiked at £1.05 during the day.

Hungry Wolf

if you hold onto the rest of your CAL shares ,your might beable to buy LLOYDS and get 2 for 1 ,just like down at somerfield.

And put RBS behind you!!