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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Capital & Regional Plc | LSE:CAL | London | Ordinary Share | GB00BL6XZ716 | ORD 10P |
Bid Price | Offer Price | High Price | Low Price | Open Price | |
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57.20 | 57.80 | 58.00 | 56.80 | 58.00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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- |
Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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16:35:15 | UT | 7,149 | 56.00 | GBX |
Date | Time | Source | Headline |
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10/10/2023 | 06:00 | UKREG | Capital & Regional plc Director/PDMR Shareholding |
04/10/2023 | 13:29 | ALNC | ![]() |
04/10/2023 | 12:00 | UKREG | Capital & Regional plc Holding(s) in Company |
27/9/2023 | 06:00 | UKREG | Capital & Regional plc Acquisition of shares by Employee Share Trust |
14/9/2023 | 10:15 | UKREG | Capital & Regional plc Holding(s) in Company |
13/9/2023 | 06:00 | UKREG | Capital & Regional plc Results of Scrip Dividend Election |
07/9/2023 | 14:00 | UKREG | Capital & Regional plc Holding(s) in Company |
06/9/2023 | 11:10 | UKREG | Capital & Regional plc Director Shareholdings |
06/9/2023 | 09:33 | ALNC | ![]() |
06/9/2023 | 08:00 | UKREG | Capital & Regional plc Completion of Acquisition |
Capital & Regional (CAL) Share Charts1 Year Capital & Regional Chart |
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1 Month Capital & Regional Chart |
Intraday Capital & Regional Chart |
Date | Time | Title | Posts |
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16/11/2023 | 08:14 | Capital and Regional plc | 295 |
11/7/2016 | 09:23 | Caledonia Mining- London listing coming? | 2 |
01/9/2015 | 09:36 | Capial and Regional, What is going on? | 2,393 |
29/12/2014 | 11:32 | capital & regional converting to a REIT | 1 |
02/7/2014 | 07:54 | Capital & Regional PLC with Charts and News | 20 |
Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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2023-12-07 16:35:15 | 56.00 | 7,149 | 4,003.44 | UT |
2023-12-07 16:26:21 | 57.80 | 200 | 115.60 | AT |
2023-12-07 16:26:18 | 57.80 | 200 | 115.60 | AT |
2023-12-07 16:25:16 | 58.00 | 23 | 13.34 | AT |
2023-12-07 16:25:10 | 57.80 | 200 | 115.60 | AT |
Top Posts |
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Posted at 11/10/2023 10:58 by eigthwonder CFO and CEO chose to fund tax liability of share option exercise (rather than the more usual “sell enough to cover the liability” route). Encouraging, although with the yield on the shares likely greater than their likely cost of funds, the most obvious thing to have done. |
Posted at 27/9/2023 07:36 by netcurtains ACQUISITION OF SHARES BY EMPLOYEE SHARE OWNERSHIP TRUSTCapital & Regional announces that the Capital & Regional plc Employee Share Ownership Trust (the "ESOT") acquired 750,000 ordinary shares of GBP0.10 each in the Company on the open market at a cost of GBP0.574 per share on 26 September 2023. The shares are planned to be used to settle share awards that are due to vest over the coming months. The ESOT is not intending to make any further share purchases at this stage. Following the above purchase, the ESOT holds a total of 790,376 Ordinary Shares. - ENDS - I'm guessing it would not be a very good employee incentive scheme if they are expecting the share price to fall. |
Posted at 16/8/2023 05:44 by spectoacc Have no doubt Growthpoint will take them eventually - question is, at what price. They'll own enough of decide themselves what that is, or they could go down the traditional delisting route, leaving you with shares in a co that doesn't trade.Otherwise, agree it's interesting to see how zero rents are potentially a thing, simply to save the business rates/service charges. Too many REIT investors think property is a sure thing, but if/when recession comes, it'll quickly become apparent what a millstone unlet property can be (6 months rates relief for Industrial, only 3 months for Office/Retail). |
Posted at 15/8/2023 17:55 by nickrl @2wild if rents hold up at the Gyle looks a reasonable deal but that 12% looks best it might get. Morrisons and M&S don't pay rent only service charge but Next lease due up in less than 2 yrs and they wont stay unless they get a good deal based on what they've said in their results about lease costs going down significantly.CAL have certainly turned themselves around but high LTV and retailing could easily go south. They've already warned that Wilko has potential to lose 0.65m rent but even worse will add 0.9m to costs so shows you how important it is to keep tenants. My view is they need to sell Snozone so they can offload more debt. They also are losing the two mandates at Redditch and Luton so another 1.2m thats helping cover the overheads. Anyhow share raise fully underwritten with loan at competitive IR in current environment and looks like its coming from the current owners of the centre so acquisition a done deal. So getting tempted here as there must be a possibility of Growthpoint taking them out at some point. |
Posted at 07/12/2022 14:37 by spectoacc Not seeing much bad in that, albeit I sold out lower than here in the September rout.If the world keeps turning, CAL surely has some value. "...Assume(ing) that we do not see a further meaningful shift in the economic climate.." made me chuckle tho. |
Posted at 07/12/2022 14:12 by rambutan2 Progressing. Wood Green has certainly seemed fairly busy since the summer, although not sure where things stand with the Cineworld:Update on Trading and Property Portfolio Capital & Regional, the UK convenience and community focused shopping centre REIT, will host a tour of its 17&Central shopping centre at Walthamstow at 2.30pm today. During the event, the Company will provide the following operational update . -- Footfall in the five months to the end of November 2022 footfall was 11% ahead of 2021 and represented 90% of the equivalent period for 2019 representing one of the strongest periods on a relative basis since the start of the pandemic. -- In the five months to the end of November 2022, Capital & Regional completed 42 new lettings and renewals for a combined rent of GBP2.1 million, ahead of previous rent and ERV. Key lettings in the period include agreeing to extend the NHS diagnostics centre at Wood Green by a further 6,000 sq ft and the letting of the new Walthamstow Food Market to local operator Crate. -- Occupancy across the Group's Investment Assets has improved to 94.6% at 30 November 2022 from 93.8% at 30 June 2022. The main driver for the increase is the inclusion of the NHS medical centre at Ilford which is now in development following receipt of planning permission in October 2022. -- Rent collection is now nearing pre-Covid levels with 95.9% of the quarterly rent due on 29 September 2022 and 97.0%(2) of the rent due for the year to date received. |
Posted at 30/9/2022 18:11 by nickrl CAL needs a bit of unpicking as it was structured with assets within SPVs they controlled or SPVs that were under water and effectively off the balance sheet and with lenders.The biggest debt is over the Malls that they are retaining and these have just over 4 years to run with the lender til Jan 27 with the following statement on covenants "lender provided covenant waivers that run until November 2023 and modifications to cash trap provisions that run until May 2023" this suggests to me that whatever the covenants are they are breached? but as @huge says they are coy about declaring them for whatever reason. The LTV was c50% at HY but post HY they sold on two assets and thats lowered LTV to 40%. You have to give CAL some credit for the way they've managed to buy back debt below par on several occasions and got debt down from over 70% LTV. The other loan is on Ilford which is due refinance Mar 24 but has the potential to extend to Sept 25. One thing to watch is they have management income from the Luton asset which is up for sale and new owners may ditch them of course may crimp ability to improve dividend. Of course there is always the possibility that Growthpoint will buy it all up now the restructuring is largely complete. Edit: looked at the HY presentation and on slide 15 there is a table that says LTV covenant is 70% on Mall/Ilford assets whether thats the waiver level or not isn't clear but LTV of those assets are below the threshold. The fact that cash is trapped in the facilities suggests to me an indication that some element of the covenants is breached. |
Posted at 30/9/2022 15:40 by spectoacc Thanks @HP, must admit I've not looked, been in CAL from higher & thought "Growthpoint will cover it if there's another capital raise needed". However, with the way the markets are, wondering how quickly that might happen.I still think it's a good punt, well off the radar of most and with a supportive major shareholder. But think we have to look through to the end of the impending downturn to see CAL come through. |
Posted at 11/8/2022 08:18 by spectoacc Too overweight small REITs to add more, but CAL do seem to be pulling through IMO. Not sure that NAV rise isn't more due to a technicality (property held for sale) but the LTV seems genuinely manageable without further dilution now.Just in time. |
Posted at 14/10/2021 21:27 by rambutan2 It lives!Mall Debt Restructure and Reduction, Launch of Open Offer, Posting of Prospectus as well as Notice of General Meeting Capital & Regional plc (LSE: CAL) ("Capital & Regional", the "Company", or the "Group"), the UK convenience and community focused shopping centre REIT, is pleased to announce that it has reached an agreement with its lenders to restructure and reduce the debt secured over its four Mall Assets (the "Mall Facility") (the "Mall Debt Restructuring"), including the launch of a fully underwritten open offer to raise GBP30.0 million (the "Open Offer"). Lawrence Hutchings, Chief Executive Officer, comments: "We recently announced a set of results which clearly demonstrate the relevance of our Community Centres Strategy, the underlying strength of our portfolio and the skills and commitment of our team. Against the backdrop of a positive reopening of the economy following the disruption caused by the pandemic and increased confidence in our segment of the retail and services market we have been focusing our resources on generating the highest returns from our core Mall investment assets while working closely with our lenders towards both restructuring and reducing the Group's debt. "These proposed transactions, which will recapitalise the balance sheet, allow us to achieve just that and represent a significant and positive step forward for the Group. They will allow us to once again focus fully on continuing our repositioning and merchandising, while looking at how we can best leverage the expertise in our platform and, in due course, the reintroduction of cash dividends." "I would also like to take this opportunity to thank all of our stakeholders including our lenders, major shareholders and Growthpoint, as well as our teams, retailer customers and the local communities for their continued support throughout the challenges that the pandemic has presented." Key Highlights -- The Mall Facility currently comprises a GBP265 million debt facility with RBS and TIAA secured over the Four Mall Assets, being the Mall Blackburn, the Mall Maidstone, the Mall Wood Green and the Mall Walthamstow. TIAA currently has a balance outstanding of GBP165 million and RBS has a balance outstanding of GBP100 million. -- Under the terms of the Mall Debt Restructuring, Capital & Regional Holdings Limited (the "Purchaser") has agreed to acquire the GBP100 million of debt outstanding with RBS (the "RBS Debt") for a principal amount of GBP81 million, representing a discount of GBP19 million or 19 per cent. |
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