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CRC Circle Property Plc

3.50
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Circle Property Plc LSE:CRC London Ordinary Share JE00BYP0CK63 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
3.00 4.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.50 GBX

Circle Property (CRC) Latest News

Real-Time news about Circle Property Plc (London Stock Exchange): 0 recent articles

Circle Property (CRC) Discussions and Chat

Circle Property Forums and Chat

Date Time Title Posts
18/5/202306:34Circle Property 42
25/2/201009:59CRC a valuation782
23/5/200808:36GedW's hotties-
15/9/200608:57Copper Resources Corporation - 'an exceptional opportunity'?794
05/4/200614:09CRC- THE NEW VOG!!!!!!!!!!!!!!!!!5

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Circle Property (CRC) Most Recent Trades

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Circle Property (CRC) Top Chat Posts

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Posted at 18/12/2021 09:37 by pdosullivan
These lads should have engaged with Palace Capital and done an all share merger when PCA was on their register. The cost synergies from having a single management team and (presumably) on renegotiating lending facilities would have been very accretive. The market also pays more attention to the larger property groups.
Posted at 17/12/2021 20:17 by nickrl
Couple of office sales gone through today with the price achieved on Moorgate pretty impressive - who says offices are going out of vogue

"In addition, the Company is pleased to announce that it has exchanged contracts to sell 141 Moorgate, London to Moorgate (141) Properties Ltd. The total sale price of approximately GBP7.1 million (of which 51.04% is due to the Company as head lessee) represents a 27.3% increase on the 30 September 2021 valuation of GBP2.85 million (the valuation of the Company's 51.04% interest). The cash proceeds from the sale due to the Company of GBP3.6 million will, on completion, be utilised to reduce the Company's gearing"
Posted at 14/4/2020 08:39 by nickrl
CRC C19 update today. Rental collection at 70% forecasting 79% by end of month. They have put out a NAV update to 31/03/20 which is pretty good going. Year end results deferred for six months and expects divi to be maintained.
Posted at 10/7/2019 08:31 by tp6
Good results... Circle Property Plc (AIM: CRC), which invests in, develops and actively manages well-located regional office assets, announces record results for the year ended 31 March 2019. John Arnold, Chief Executive of Circle Property Plc, said:"These results endorse Circle's strong business model, our expertise in identifying well located regional office assets and actively managing the portfolio to deliver consistent income and maximum returns to shareholders.This year we have continued to outperform the sector having delivered a 20% increase in NAV, a 12% increase in contracted rental income and have in place the firepower to undertake value accretive acquisitions. In recognition of our confidence in the outlook and in our ability to deliver consistently strong returns, we are proposing a 12.5% increase in the full year dividend to 6.3p per share." 
Posted at 10/6/2019 13:49 by tomps2
Video of Circle Property (LON:CRC) Mello presentation by John Arnold, CEO & Edward Olins COO

Outlines what they do. The current portfolio. The board. Their history. Their strategy and the investment opportunity.
Posted at 12/3/2019 16:02 by trogerswinning
From Shares Magazine

Director Deals - Circle Property Plc (CRC)
11 March 2019

John Arnold, Chief Executive Officer, bought 27,151 shares in the company on the 11th March 2019 at a price of 184.00p. The Director now holds 1,005,122 shares.
Posted at 15/2/2019 09:23 by trogerswinning
CIRCLE COMPLETES £100 MILLION BANK REFINANCING


Circle Property Plc (AIM: CRC), the specialist regional UK office investment, development and management company, announces that it has completed an agreement with RBS and HSBC for a £100 million new financing facility. The facility replaces a £55 million facility with RBS agreed in June 2016 and amended in March 2018.


The new facility comprises a senior revolving facility agreement for £60 million, with an "accordion" option to extend the facility by a further £40 million. The facility has a four-year term, with the option of a further two-year extension, at an interest rate of 2.05% over LIBOR.


Looks like an attractive pricing, should give them more firepower.
Posted at 17/12/2018 10:41 by trogerswinning
Strong results. Portfolio looks to be growing very nicely.

NAV up 30% to 275p a share. (NAV up 20% since March 2018.)

25.2% increase in net rental income to £3.80m.

LTV down to 40%.

Very interesting - "Since IPO, Circle has delivered a NAV compound average growth rate of 29.5% and a total return compound average growth rate of 32.1%."

Still making good progress in the leasing space in a slow market.
Posted at 28/12/2007 21:04 by 19joyns59
To be honest I have no idea as to what is happening here. With the stock in the 160s there seems to be no relationship to the pricing of the Metorex bid. My guess is that there is someone out there building a competing position with Metorex. It could be Glencore, who if you remember were at one point going to be given a substantial stake in the company (via a new share issue). if no-one is there is no rationale to the current share price. Having been in since 40p I sold most of my holding recently at 146p, but I still retain some, but am likely to sell them as soon as I can, given price rise. Go the Metorex or CRC site for all the background info relating to the offer. The risk is that Metorex will get sufficient acceptances to enable it to make a mandatory offer for all outstanding stock and then you'll get 125p or stock equivalent. Given the current share price this would not be clever if you still hold. Take your pick. I don't know what your situation is, so difficult to provide any advice here. Everyone else on the BB seems to have lost interest.
Posted at 10/12/2006 12:07 by pinhead3
I've been doing so work around the Hinoba-an project based upon the HHPI 1998 feasibility study, re-creating it & varying the parameters.

HHPI 1998 survey Hinoba-an - original criteria per AIM lising document.
NPV project $243m
Mine life 15 years
Average production 56,000 tonnes pa (35K min 95K max)
Total implied production 840,000 tonnes
Capital $236m
Operating costs $0.48c /lb
10% discount rate
Long term price of copper$1.00/lb
IRR 28%

CRC share now 18.5% (92.5% X 20% JV)
Long term USD:GBP rate 1.85
CRC share JV $45m / £24.3m / 40.1p ps / 32.2p fd ps.

Additionally it was thought that precious metals would contribute $0.10 /lb but was not included in NPV as not enough work had been carried out.

Increasing the Cu price to $1.25/lb (per Kinsenda) gave
NPV $474m/ CRC share $87.6m / £47.4m / 78.2p ps / 62.9p fd ps.

Operating costs will have increased since 1998. Philippines inflation has been approx 7% pa & the USD/PHP rate has increased from approx 40 to approx 50 over the period 1998-2006. Indexing that increases the operating costs per lb to $0.66 / lb.
Increasing the operating costs + $1.25/lb copper price gave.
NPV $308m/ CRC share $56.9m / £30.8m / 50.8p ps / 40.9p fd.

The original survey did not include the top 15m & it is expected that the total resources at Hinoba-an will increase by approx 10%. This would increase the total production from 840,000 tonnes to 924,000 tonnes & potentially the mine life from 15 to 17 years.
Increasing the total production & mine life gave (+ $1.25/lb + op costs $0.66/lb).
NPV $331m / CRC share $61.2m / £33.1m / 54.6p ps / 44.0p ps fd.

A substantial gold mineralisation has been found at Hinoba-an that will significantly improve the rate of return of the project. Original survey estimated that the Au would contribute $0.10 /lb to the project.
Including $0.10 per lb gave (+$1.25/lb,+ op costs & 10% higher resources).
NPV $427m /CRC share $79.0m / £42.7m / 70.5p ps / 56.7p fd.

With Cu prices around the $3/lb mark it is conceivable that the long term Cu price used in the Q2 feasibility study could be as high as $1.50/lb (or 50% of current levels).
Increasing the Cu price to $1.50 / lb (+ all above) gave.
NPV $667m / CRC share $123.5m / £66.7m / £1.101 ps / £0.887 p fd.

There is potentially even more upside to this project with scope for capital & operational cost reduction now that partners are in place who have infrastructure (smelter,etc) in the Philippines.
If the copper price stayed at the current levels this would make this project worth £3.50 to CRC (£2.80 fd), although this is very unlikely over the next 15-18 years.

Based on the HHPI survey Hinoba-an is worth 40p (or 32.3p fd) without any cost / time outlay for CRC & greatly reduced risk. I'd now reduce the discount risk on Hinoba-an to 10% from 40% giving a discounted value of 36.1p (or 29.1p)

I expect that the survey in Q2 07 will included 10% higher resources, higher cu price, higher op costs & the Au contribution. On this basing Hinoba-an is worth minimum of 70.5p (or 56.7p fd). At this stage there is a higher degree of uncertainty on these changes so I'd apply a 20% discount. This gives a discounted valution of 56.4p (or 45.4p fd).

With Kinsenda alone worth 90p (fully diluted & discounted at 15%) or approx the current sp, Hinoba-an a potential 45p asset (50% share price upside) is for free at these levels.
Circle Property share price data is direct from the London Stock Exchange

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