Capital & Regional Share Discussion Threads

[barefoot141] 20/8/2013 11:32

CAPITAL & REGIONAL PLC

SALE OF JARMAN FIELDS HEMEL HEMPSTEAD

Capital & Regional plc ('C&R') today announces the conditional exchange of contracts for the sale of Jarman Fields, Hemel Hempstead to Tesco Pension Trust for a price of GBP8.5 million, ahead of the valuation as at 30 June 2013.

Hemel Hempstead had no material impact on C&R's profit for the six months ended 30 June 2013.

The sale proceeds will be used for general corporate purposes and further re-investment in C&R's core UK Shopping Centre business.

Hugh Scott-Barrett, Chief Executive commented:

"The disposal of Hemel Hempstead is the culmination of excellent asset management work to create an attractive leisure asset and it will enable the Group to recycle cash into its core UK Shopping Centre business."

[cockneyrebel] 19/8/2013 12:28

Great chart:



Should clat on when that 42p resistance line goes imo:

[m1keg] 15/8/2013 09:34

Took much longer than I anticipated but I'm not the only one who misunderstood the nature of this recession. As the high streets disappear the fashion centred central malls will be able to best fight off the flight to online shopping. This company seems to be able to find well capitalised partners, they just missed out on a Glascow mall recently.

I'm thinking now they would like to talk one of their partners into buying the mall fund while increasing their stake at the same time. It certainly seems to make sense for Karoo who own 30pct of the company already, which means management and performance fees are paid in large part to themselves.

Don't think this is going to rerate to Nav in short term but will in long term so thats fine, I just now have to wait and try to sell before the next recession kicks in X years time or we have enough to retire early on!!.

[1nf3rn0] 15/8/2013 08:57

And now add into the above a fairly chunky Director purchase announced today.

[1nf3rn0] 14/8/2013 11:56

Yes patience paying off here. Return to profit and resumption of dividends should underpin the current shareprice.

[deadly] 14/8/2013 08:43

Return to profit. Looking good from here on.

[bankboy001] 16/5/2013 08:10

Capital & Regional plc
(the "Company" or the "Group")

Interim Management Statement
For the period from 31 December 2012 to 15 May 2013

ASSET MANAGEMENT DRIVES SOLID OPERATIONAL PERFORMANCE AND
CONTINUED PROGRESS WITH THE GROUP'S STRATEGIC OBJECTIVES

Capital & Regional plc, the specialist retail property company, today announces its interim management statement for the period from 31 December 2012 to 15 May 2013.

Highlights

· Solid operational performance in the UK Shopping Centre portfolio:

· Occupancy up 0.9% year on year to 94.6%
· Footfall has outperformed the national index by 1.3% in the year to date

· Stable rental income across the Group's UK and German assets since 31 December 2012

· Ongoing progress with active asset management initiatives:

· 14 new lettings secured, including two significant leases to TK Maxx and All Star Lanes now open at Great Northern unlocking the centre's potential
· Eight lease renewals agreed and 31 rent reviews completed
· Planning approval granted for The Hub leisure concept at Redditch and three out of four restaurant units already under offer, with Nando's as the anchor tenant; 16,000 sq ft gym under offer to Pure Gym
· Planning consent granted for the £8 million reconfiguration of Waterside Lincoln; lettings agreed with Next, H&M and New Look who will anchor the centre and help to create the city's premier fashion destination

· Successful programme of non-core asset disposals continues with sale of Hemel Hempstead at an advanced stage

· Group's continued deleveraging achieved with a £17.4 reduction of Mall debt and proceeds of £30.6 million from the sale of X-Leisure.

[bankboy001] 09/5/2013 12:27

9 May 2013

NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION DTR5 OF THE FSA DISCLOSURE & TRANSPARENCY RULES
On 8 May 2013, the Company received notification that Henderson Global Investors has an interest in 47,839,383 Ordinary shares of 1p each in Capital & Regional plc. This represents 13.68% of the issued share capital of the Company.

END

[bankboy001] 08/5/2013 23:02

CAL due an update on current trading on 16th May,

[1nf3rn0] 02/5/2013 20:13

Yes I think valuations here look decent. I bought back in a few weeks ago. It was one I held a few years back, and had been monitoring since. I also got back into THG last year - same story.

[cordwainer] 02/5/2013 15:32

i'm new here - attractive valuation at a glance, but concerned about generally reducing footfall ?

[bankboy001] 02/5/2013 07:36

NOTIFICATION OF INTEREST PURSUANT TO DTR 5 AND DTR 3.1.2 OF THE DISCLOSURE AND TRANSPARENCY RULES

DTR 5

On 1 May 2013, Capital & Regional plc (the Company) received notification that Parkdev International Asset Managers (Pty) Limited had transferred their shareholding of 73,064,197 ordinary shares in the Company, representing 20.89% of the issued share capital, to PDI Investment Holdings Ltd, a Mauritian GBC 2 company.

In addition Parkdev Investments (Pty) Limited have also transferred their shareholding of 9,441,413 ordinary shares of the Company, representing 2.70% of the issued share capital, to PDI Investment Holdings Ltd.

PDI Investment Holdings Ltd, Parkdev International Asset Managers (Pty) Limited, Parkdev Investments (Pty) Limited, Pinelake International Limited and Clearance Capital (Cayman) Limited together with L Norval and N Haasbroek and their interests in trusts are all connected parties. The total shareholding of all these parties is 102,427,163 ordinary shares in the Company which represents 29.29% of the issued share capital.

DTR 3.1.2

Capital & Regional plc (the Company) received notification on 1 May 2013 pursuant to DTR 3.1.2 of the Disclosure and Transparency Rules that the Directors' interests in ordinary shares of 1p each in the Company remain unchanged from the above transaction and therefore continue to be as follows:

Beneficial holder


Beneficial holding
% of issued share capital of the Company





Louis Norval


102,427,163
29.29%
Neno Haasbroek


102,042,913
29.18%



ENDS

[bankboy001] 01/5/2013 11:06

large trade of 8,941,413 went through at 33p, any clues

[1nf3rn0] 19/4/2013 21:14

Is commercial property slowly becoming a more sought after investment? I bought back in here recently, as well as picking up a few BLND, and note both have bucked the falling trend of the overall markets/commodities.

The planning changes to allow conversion of empty office space for residential use to meet Britain's desperate need for more housing should help underpin the commercial property sector, and maybe this is one factor helping things along. And clearly still plenty of foreign cash coming into UK property, especially in the South East.

Reminder: https://www.gov.uk/government/news/planning-measures-will-make-best-use-of-underused-buildings-for-providing-new-homes

[1nf3rn0] 20/3/2013 18:34

Director purchases, always good to see, especially towards the top of a recent run up in the share price.

[1nf3rn0] 18/3/2013 09:12

Have you got a link to that article? I couldn't find any mention on the Telegraph website.

These analyst notes have a 38p target, which seems more realistic for this year.

[bb123] 18/3/2013 08:27

Tipped in the Telegraph money section P19 on 16/3/13 and put C&R worth at 60p a share. Any comments on this value?
Cheers

[1nf3rn0] 14/3/2013 13:42

Henderson now above 12%. Tempted to dip a toe back in here for old times' sake.

[1nf3rn0] 20/2/2013 09:11

Hendersons bought more i see. Now at 11%.

[1nf3rn0] 15/2/2013 13:12

Yes there's been a bit of a revival from the smaller prop co's of late. THG is doing well too.

[purple boots] 15/2/2013 12:49

Looking interesting. Broken the down trend, just need to get above .30p to confirm. Henderson Global and Standard Life both increased lately and each have over 10%. They have also been buying back their own shares.

[1nf3rn0] 24/1/2013 17:50

Lol. They must be real flush with cash at the moment.

[nick rubens] 24/1/2013 16:32

They purchased 10,000 shares for cancellation!!!!


24 January 2013

CAPITAL & REGIONAL PLC

Transaction in own shares

Capital & Regional announces that on 23 January 2013 it purchased, through Numis Securities, 10,000 of its ordinary shares for cancellation at a price of 28 pence per share.

[nick rubens] 14/1/2013 15:01

I remember when this share was over £10 and upward. Amazing how wrong the market was at the time.

But where from here? I don't get what they are doing half the time except to look busy.

Is there any reason to buy this share anymore?