Share Name Share Symbol Market Type Share ISIN Share Description
Capital & Regional LSE:CAL London Ordinary Share GB0001741544 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00p -2.56% 38.05p 329,312 16:35:01
Bid Price Offer Price High Price Low Price Open Price
38.50p 38.70p 40.40p 38.50p 39.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 89.20 22.40 3.20 11.9 267.2

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Date Time Title Posts
30/10/201817:42Capital and Regional plc64
11/7/201609:23Caledonia Mining- London listing coming?2
01/9/201509:36Capial and Regional, What is going on?2,393
29/12/201411:32capital & regional converting to a REIT1
02/7/201407:54Capital & Regional PLC with Charts and News20

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Capital & Regional Daily Update: Capital & Regional is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker CAL. The last closing price for Capital & Regional was 39.05p.
Capital & Regional has a 4 week average price of 37.50p and a 12 week average price of 37.15p.
The 1 year high share price is 59.50p while the 1 year low share price is currently 37.15p.
There are currently 702,342,500 shares in issue and the average daily traded volume is 372,895 shares. The market capitalisation of Capital & Regional is £267,241,321.25.
jeffcranbounre: Capital & Regional is mentioned in today's (30/12/14) ADVFN podcast. To listen click here> Also in today's podcast: - Francis Hunt otherwise known as The Market Sniper trader @TheMarketSniper technical analyst and teacher will be talking about the oil price, Asos and BHP Billiton. - And the micro and macro news including: BP #BP. Royal Dutch Shell #RDSB Bhp Billiton #BLT Asos #ASC Camco Clean Energy #CCE Horizon Discovery #HZD Vernalis #VER Capital & Regional #CAL Persimmon #PSN Next #NXT Kibo Mining #KIBO Nanoco #NANO Port Erin Biopharma Investments #PEBI BG Group #BG. Provexis #PXS Tesco #TSCO TalkTalk #TALK Vodafone #VOD LED International #LED Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin
1nf3rn0: Director purchases, always good to see, especially towards the top of a recent run up in the share price.
spurious: results 7th March. Recent heavy and sustained director share purchases including Parkdev increasing strategic holding to around 29% and steady buying from Standard Life to over 9% gives confidence.Retail figures would suggest the high street is not dead and backs reported increased footfall at Cap and Reg and rising nav (54p) last update.I see considerable short term upside by either higher share price or take out Regards SP
m1keg: Nick, Value will out eventually. This is just a long term hold till the markets get themselves back in order. Its just a load of tosh that the market is effecient at what it does. If somebody offered 50p for the company the market would bounce to 65p ,at least, then the market would be forced to look at its actual true value. I agree by the way that Interims where very good. I'm sure a dividend would help the share price but honestly I'd rather the management continue using the cash for the moment. I can wait a few years for my 120p get out price! MikeG
nilip: Oooohhhh ! how the mighty have fallen :-) From over 1500p to 38p free stock charts from Looks likes there's something going on behind the scenes again here ... Share price seems to be limbering up to race up again ? This could be the start of a heads up situation all of a sudden ? Been ticking up nicely last few days ... could things be about to become all rosy again ?
crosswire: An Interesting read posted on another thread: +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ DON'T KID YOURSELF Any amateur can gain live access the markets from their office desks or their iPhones. It's mesmerizing stuff. And it's all too easy to start kidding yourself that you are an experienced day trader. You might get lucky riding a few peaks and troughs ... but when the wider market is still trading in the bottom 30% of it's historic curve, you will likely ultimately miss out on much bigger profits from simply holding some well-researched prospects. Witness my Barclays example above. Accept that markets are volatile, and don't beat yourself up about wild swings that are outwith your control (or the control of the companies that you are invested in). AIM markets are more volatile than most, especially the lightly traded shares, where the spreads are elastic. Only the most experienced day trader can hope to truly profit on short-term plays. And I'm talking about the top 2-5%. Anyone else who can consistently turn a quick profit by calling the peaks and troughs, is either lucky or a liar. You always hear from the guys who made a quick buck, but you never hear about the many other trades where they lost out. It's a dangerous game, because the markets can move so so fast, particularly on news (positive and negative). SPIKES There is another type of trader (not investor) who chases momentum, volume, spikes. This type of trading exaggerates rises, and exacerbates falls. It's a fact of life and should in no way be confused with honest market sentiment about the longer term prospects of a company. It's a snapshot of exaggerated emotion at one small moment in time. If you are skilled enough to capitalise on it, then great. But the vast majority of us are not blessed with such foresight or intuition. That's why we resort to fundamentals (solid research), technicals (to time entries and exits), or ideally both. Rational as opposed to emotional pillars on which to base our investments. Never jump in on a spike. You might get impaled on it. Accept that you may have to hold a stock that trades flatly for many months before the potential you saw in it is realised, and it finally rockets. It's difficult to hold while you see other stocks fly. You may feel like you're missing out. But there is an old saying that it is better to be sitting on the plane and strapped in for take-off, than trying to chase it down the runway. If you end up trying to chase other stocks, you will overtrade ... and you could well be selling out of a perfectly good position to catch a temporary spike elsewhere. And remember, the people who make most money out of shares that rocket, are the ones that bought and held while it sat on the launch pad. Always buy into the company, not the share price. And just accept that you can't be in them all. As long as you back more winners than losers, you'll be OK. BOTTOMS AND TOPS We all know the adage: 'buy low, sell high'. Sounds deceptively simple, doesn't it? But it's a surefire way to make money. Especially when markets remain depressed. Really, unless the core fundamentals of your investment take a sour turn, there should be little reason to sell anything at a loss as the market primes itself for recovery. Warren Buffet never bought a share at the bottom. And he never sold at the top. So don't beat yourself up for not calling the bottom. In such volatile times, if you can stay within a 30% deficit on a share that you expect to deliver 100%+ profit at some point, then you are doing fine. You've also heard the saying: 'love to take your losses, and hate to take your profits.' That may be true in a more stable market, where a 20% dip in a share may be indicative of something really alarming. But in a volatile market where shares like YELL can drop 24% in a day and then post two days of 30% rises, the less stressful and more profitable option may be to simply stick to your guns and hold. THE ART OF SIMPLY HOLDING If I've learned one thing over this last year, it's that Holding is an underrated strategy. But it's not easy. The only way to do it successfully, is to do your research and stick firmly to the reasons you bought in the first place. It also helps to remind yourself of a few core realities when markets turn sour: 1. Accept that you have invested directly in a company at a volatile time on the stockmarket. 2. Recognise that all stocks will go up and down, and that some will experience wild swings on certain days in either direction. Nothing goes up in a straight line. 3. Take heart that lot of these swings will be precipitated by factors that are not within the control of the company: e.g. low or high volumes / sector slumps and boosts / wider market gloom or optimism / ii buying or selling / MM games etc. etc. So really, your only hope of beating the market is to do your research, and buy or sell on the basis of that research ... and the known news/facts. And, provided the fundamentals and news do not change, there is little point in selling out. Certainly, you would be foolish to take a loss on a share if the fundamental reasons you bought in remain unchanged. How many times have people got spooked by a short-term slide, then sold up, only to see the share kick back up as quickly. Example: I held SKR for a long, long time recently at around 15p. It seemed to do nothing for months while all around me, other shares rocketed. Many times I felt tempted to sell ... especially as it would rise to 19p, then slide back to 12p. But I stuck to my guns (and my research). And it recently broke 45p. There is an old saying that it is better to be sitting on the plane and strapped in for take-off, than trying to chase it down the runway. If you have researched your prospects, and you like the potential ... and you have a target share price in mind (and a timeframe to achieve it), then provided the fundamentals remain intact, you should hold your position. The more confident you are in the core fundamentals, the more cool-headed you can be about holding, or even seeing dips as buying opportunities. With market makers capitalising on the opposing emotions of rampant greed and abject fear, it is the cool heads who will make the money. THERE IS A TIME TO SELL AT A LOSS And that time is only when the fundamentals turn against you. The biggest loss I ever took was about 40% on TRP ... when they hit a duster. The share price recovered a little, but I put the money to work elsewhere. I didn't sell on sentiment, I sold on bad news. That's OK, because the fundamentals had changed. Sometimes this happens. You have to take it on the chin. It could have gone the other way. But it's worth reflecting that my biggest 'losses' by a COUNTRY MILE were on all those shares that I sold out too early (even though I might have sold at 100% profit). Examples: Taylor Wimpey bought at 5p and sold at 13p. It's now 39p having touched 55p. Barclays bought at 50p and sold at 90p. Now look at it. Vedanta bought at 740p and took fright at 540p. Today it is 2209p. Not making that mistake again. PATIENCE: THE MOST VALUABLE COMMODITY There is another saying that the stockmarket is just a mechanism to transfer money from the impatient to the patient. Sadly, the tools we now have to access the markets actually encourage us to be impatient. Direct access to live prices, second-by-second Level2 analysis, instant RNS notification ... no wonder we're all jumpy! And no wonder we overtrade. The brokers must be loving it. The Market Makers are capitalizing on it. Even shares that experience little volume get walked up and down to create the illusion that there is a liquid market, prompting us into hourly re-evaluations of some relatively safe and static holdings. Warren Buffet (again) said that you should not invest for 10 minutes in something that you would not be prepared to hold for 10 years. It's taken me a year to see the true virtue in this statement. I am now prepared to hold all my shares for years if needs be, to realise a strong profit. I'm 39. I have time on my side. I intend to use it. Thankfully, when the markets are feeling bullish, most well-researched prospects put in some strong upward moves. You tend to find that, regardless of short-term volatility, the fundamentals will always win out. It is far less stressful to just sit tight and let your desired share price come to you. Example: One of the first shares that I truly researched was Afren (AFR). I first bought them at 28p and watched them slide to 14p, when many were urging 'SELL'. But this didn't tally with what I knew about the company at where it was going. So instead of selling, I bought all I could at 14p. And I still hold 80% of them today at 90p+ GREED v FEAR The market is just a tug-of-war between fear (bearish) and greed (bullish). It is important to take a position right in the middle. If you let either extreme govern your trading decisions you will, most likely, lose out. So don't be too fearful. If you've done your research into your investments, you should have nothing to be afraid of. This gives you a real advantage and puts you in control of your investment. And don't get too greedy. If you have hit your desired share price target, then take some profit. That is, after all, why we're all invested. And it never feels bad taking a profit. You have beaten the market. You have earned it. Go do something nice with it! We are trading in extremely volatile times when these opposing emotions can be manipulated, for better or worse. So it strikes me that it might be advantageous to try and remove as much emotion as you can from your trading strategies. Easier said than done, I know. Especially if you rely on these BB's to inform your trading decisions ...
lomax99: There was a helpful link to a Property Week article over on iii, it's worth a read: Capital chap 11.09.09 By Laura Chesters, Deirdre Hipwell Capital & Regional's rehabilitation culminated this week with a £70m equity raising. Deirdre Hipwell meets chief executive Hugh Scott-Barrett and Laura Chesters analyses the state of the markets in which Cap & Reg operates One investment banker calls Hugh Scott-Barrett an 'unsung hero', while another favours the more biblical accolade of 'miracle worker'. But the chief executive of co-investing asset manager Capital & Regional is having none of it. Despite spearheading a turnaround of a company, which, just before he arrived, had the dubious honour of the being the worst-performing property stock in 2007, Scott-Barrett stresses the restructuring has been a concerted endeavour. 'This has been a team effort and it is very important that the market recognises that,' he says. 'What we have engineered over the last 15 months shows that the business as a whole is in better shape than people might have assumed.' This is borne out by Monday's fully underwritten £69.2m equity raising for the main Cap & Reg group, £23.5m of which comes from South African property company Parkdev in its debut UK investment. Final furlong The equity raising completes the final stage of a complex restructuring of the company, which, on 1 April 2008 – Scott-Barrett's first day on the job – was nearly on its knees. Two weeks earlier the extent of Cap & Reg's problems had become clear when chief executive Martin Barber was ousted in the wake of a share price plunge and a 21% decline in net asset value in 2007. The three sectors in which it operates – retail parks, shopping centres and leisure – were bearing the brunt of the consumer downturn (see below). With Scott-Barrett at the helm, Cap & Reg began a methodical restructuring of the three main funds it manages and co-owns – the Mall, the Junction and X-leisure – before reorganising its German business and sorting out the company at a group level. First in line for repair was the Mall shopping centre fund, which Cap & Reg jointly manages with Aviva Investors. 'The Mall fund was self-selecting because of circumstances,' says former investment banker Scott-Barrett. 'Its loan-to-value ratio issue was apparent relatively quickly on joining the company and it was such a big part of the net asset value that its health was fundamental to the group. With Aviva, who have played a large role in stabilising the fund, we set about the task of fundraising.' The two partners raised £286m of equity from Mall unitholders last June, which was combined with the proceeds of property disposals to pay off a £572m Royal Bank of Scotland loan. The Mall, which is now valued at £1.35bn, owns 21 UK shopping centres. Next was the Junction retail park fund, which averted a loan covenant breach in April this year through the sale of three properties for £148m and the injection of £64m of equity from Bill Benjamin's Area Property Partners. Area not only joined existing Junction shareholders Aviva Investors, Hermes and Cap & Reg, but built on a relationship it formed after buying a 50% interest in Cap & Reg's German portfolio for €65.6m last August. 'Our partnership with Area began in Germany and then evolved into the Junction. The logic of disposing of a stake in Germany was that the capital that could be realised to the group from establishing a German fund [on its own], would be substantially less than selling a stake,' says Scott-Barrett. 'With the markets deteriorating and in terms of maximum value, a timely execution of a joint venture was a more logical solution.' And last month came the shoring-up of the X-Leisure Unit Trust. This was accomplished with another £50m equity raising, a revision of the banking facilities, the sale of the O2 Centre in north London for £92.5m and a refinancing of the main Brighton Marina property. Scott-Barrett says the X-Leisure restructuring was an 'important step in strengthening the financial position of the fund'. It was one of many deleveraging steps and loan renegotiations across Cap & Reg's business that culminated in the equity raising this week. Indeed, even before Scott-Barrett joined Cap & Reg, his predecessor, Martin Barber, had begun the reorganisation by selling an 80% stake in 2007 in its Fix UK trade counters arm to Paradigm Real Estate Managers and Bank of Scotland Corporate for £32.2m. 'It has been a major restructuring and the focus has been on stabilising the funds as well as the group,' says Scott-Barrett. 'During the last 18 months I have counted up 17 separate negotiations with banks across the funds that we have been a party to, which is an indication of the number of moving parts that we have had to deal with.' The equity raising and the renegotiation of the group's core banking facility with Lloyds Banking Group was 'the last step in the stabilisation of Cap & Reg'. 'It positions us defensively against further valuation falls and gives us the potential to grow again, having been on the back foot reacting to events,' he says. 'Now we can begin to anticipate events.' And Scott-Barrett is confident not only that Cap & Reg can rebuild value for its shareholders but also that, even with its diluted equity stakes, it can benefit from its geared exposure to the performance of the funds and from any market turnaround. It will maximise the value of the existing portfolio before seeking to add other ventures or funds in its core UK and German retail and leisure sectors. Scott-Barrett says this potential for renewed growth has been a central theme to the restructuring, which has gone beyond fire-fighting, as evidenced by the Parkdev tie-up. 'The partnership is not limited to the current arrangements but it will be a partnership to work with and leverage in the future as Parkdev diversifies,' says Scott-Barrett. 'We had been thinking about who best to bring in as an anchor investor, who would bring more than just capital for a one-off financing, so we could accelerate our [recovery] strategy. Parkdev is a savvy investor who recognised the value of the portfolio for all Cap & Reg's challenges.' In a further sign of the company's renewed confidence, Scott-Barrett says Cap & Reg could invest what available equity it has in its funds alongside new and existing partners to 'scale up' the business if desired. 'A significant part of the business lies in its historic core as a significant property investor,' he says. 'We can continue to build on our asset management business while continuing to invest in property.' Cap & Reg's underlying business helped it to secure the support of its banks and equity partners for the restructuring in the first place, and will further assist a recovery, believes Scott-Barrett. 'The strength of the underlying business was a critical precondition for the success of restructuring, because you need a strong cash-generating business to gain the support of banks.' 'The strength of the underlying management team at an operational level was also critical in gaining the confidence of the banks.' He believes the management can handle any further market volatility and the recession. "During the last 18 months I have counted up 17 separate negotiations with banks across the funds " 'There will still be challenging quarters ahead and there are issues that retailers are having to prepare for such as fiscal deficits ... and that is clearly something we have to be prepared for. It is one of the reasons why we opted for the capital raising now, as we needed the additional cushion if these uncertainties do have an impact.' However, he sees signs of a nascent recovery in the 'real' economy. 'We have seen a slowdown in retailers entering into administration this year and, if I look across the board [at Cap & Reg's property portfolio], footfall is up year on year ... and the consumer has shown extraordinary resilience in a challenging environment.' The same could be said of Cap & Reg. Since April 2008 it has sold around £1bn of property, reduced the level of group debt from £625m to £119m, raised more than £500m of equity in total across its business, and secured the future of its funds. JP Morgan analyst Harm Meijer said last month that Cap & Reg management had 'done an outstanding job and the company has entered safe waters'. Scott-Barrett believes it was not only his investment banking credentials and insight into the issues important to banks that helped him. 'Any new chief executive always has an advantage because you are in a position to look at things completely afresh and it is the luxury of an incoming CEO to have a certain honeymoon period, if I can call it that in the circumstances,' he says. Cap & Reg still has to return profit. Its 2008 results showed a pretax loss of £513m driven by a slump in the value of its assets from £6.1bn to £4bn. In the first half of this year it has reported a £131m first-half loss, almost all of which came from writedowns on investments. Its proforma net asset value after the capital raising will be 32.4p a share. This is the real challenge that ABN Amro's former chief financial officer relishes. 'I am looking forward to the opportunity to try and prove myself in an environment where we can look forward to growth.' Read more:
stockadoodle: Im not a holder but been watching these the last few weeks: This is a summary of what has been announced this morning: LONDON (Dow Jones)--Capital & Regional PLC (CAL.LN) Thursday announces its intention to raise gross proceeds of GBP69.2 million by way of a placing of New Ordinary Shares in the Company. MAIN FACTS: -The Capital Raising is divided between: -GBP23.5 million through a Firm Placing to Parkdev and related investors. Parkdev is a specialist property and asset management company based in South Africa -Following the transaction, Parkdev's investment will result in a proforma shareholding in the enlarged Group of 25.4% of the enlarged issued share capital -The Board would like to welcome the Parkdev investors as long-term supportive shareholders -Price of 26.4 pence per share, a discount of 73.1% to the closing share price on August 19 of 98.0 pence, a 55.3% discount to 1 month VWAP of 59.1 pence per share and an 18.4% discount to the pro forma triple net asset value of 32.4 pence per share -Issue of 89.0 million New Ordinary Shares -GBP45.7 million through a fully underwritten Firm Placing and Placing and Open Offer to institutional investors and existing shareholders -Split 25% under the Firm Placing to Firm Placees, and 75% through the Placing and Open Offer to Placees subject to clawback from existing shareholders -Stapled unit of 1 Firm and 3 Placing and Open Offer shares -Price of 24.0 pence per share, a discount of 75.5% to the share price of 98.0 pence on August 19, and a 59.4% discount to 1 month VWAP of 59.1 pence per share and a 25.8% discount to the pro forma triple net asset value of 32.4 pence per share -Issue of 190.3 million New Ordinary Shares -Existing shareholders will have the right to purchase 2 New Ordinary Shares for every share held in the Open Offer and existing shareholders will be given priority in allocation in the fully underwritten GBP45.7 million Firm Placing and Placing and Open Offer to investors. -C&R also announces that it has renegotiated a number of its core credit facilities resulting in an increase in headroom under its core banking covenants, interconditional upon the Capital Raising.
rafieh: CR, I wonder if the surge in the DOW and the unexpected rise in home sales in the US will help CAL share price over the next few days. I think, on balance,it is more likely for the share price to touch 20+ level first than to head straight for 10p from here. In brief, the shorters will have a less comfortable sleep tonight than the longs. Agreed?
scburbs: One thing worth bearing in mind is that CAL have been revaluing every month and this means that the unit valuation of their funds is likely to be closer to market than some of the closed-end counterparts. They have also taken more savage valuation adjustments (doesn't mean the starting point wasn't too high though). When you layer on the discount in the CAL share price the discount is in the region of 90+%. Also most of the closed-ended counterparts referred to are investing in European property which have been behind the curve in terms of price adjustment compared to the UK. This means that a UK property company with a similar gearing to a European property company may be better value if the UK is closer to bottoming out.
Capital & Regional share price data is direct from the London Stock Exchange
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