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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Derwent London Plc | DLN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 50.00 | 2.51% | 2,042.00 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,036.00 | 2,010.00 | 2,042.00 | 2,042.00 | 1,992.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 17/2/2021 13:54 by philanderer New City buildings planned as investors bet on post-pandemic return to London offices |
Posted at 03/2/2021 18:19 by philanderer 'China leads £46bn race for London property'Commercial real estate in the UK capital is 'top of investor wishlists' despite a boom in home working during the pandemic |
Posted at 18/1/2021 13:55 by philanderer Aviva Investors shows £100m vote of confidence in London, with plans to create new office campus |
Posted at 07/1/2021 14:19 by philanderer Investor confidence in the London office market picks up following sales plunge, research showsInvestor spend on central London commercial property tumbled by £3.9 billion last year, but demand improved in the final quarter… |
Posted at 21/12/2020 13:25 by philanderer Central London offices still attractive to investors, despite Covid-19 disruption |
Posted at 19/12/2020 00:53 by philanderer Shares in quality office landlords such as Helical (HLCL) and Derwent London (DLN) trade at sizeable discounts to NAV. Given the ultra-prime location of their offices, broadly stable asset valuations and solid balance sheets, that looks to be an overly harsh judgement of their prospects by the market.Investors are likely to have to pay a high premium for exposure to safer returns from popular logistics stocks, but those willing to stomach greater risk may find more compelling value within the office sector. |
Posted at 19/10/2020 13:46 by philanderer Canny investors are betting the London office market isn't as dead as feared. Witness British Land, Land Securities and Great Portland Estates |
Posted at 08/9/2020 09:56 by philanderer Morning EI, yes Panmure downbeat..In sellside, Panmure Gordon’s down to “hold” on Derwent London: The period post the EU referendum was one of uncertainty for the London office market with values and rents moving sideways. As a result, the London office REITs traded at a 20-30% discount to NAV, the lack of visibility or any signs of growth putting investors off. However, at the end of 2019 post the general election it felt like there was a clear pathway to growth and the stocks (including Derwent) moved to a premium to NAV in anticipation. This optimism has come to a grinding halt post COVID-19 and whilst we highlighted in our May note concerns about the impact of a wider economic fall-out on the London office market, it appears four months later that a structural change in the way we work might have a bigger impact over the medium term. The net result, whatever the outcome, is a return to uncertainty and a discount to NAV. Therefore, whilst we continue to believe Derwent London looks attractive trading on a 29% discount to NAV, until there is greater clarity of outlook, we see the shares moving sideways and downgrade from Buy to Hold adjusting our target price to 2886p (20% discount to current+1 NAV) from 3556p. |
Posted at 26/8/2020 14:05 by essentialinvestor Hi Jack, unfortunately not!.. had a small amount on a few occasions only.Expecting a sharper sell off here which has not happened up to now. With the continued media comment on the future of office work, It might be worth considering why the share price has been relatively resilient. Perhaps some investors may see demand longer term from certain industries. Anything collaborative, for example media, PR, marketing etc are perhaps better served in an office environment, also any organisation requiring higher security with client and internal communications. There must be a reason this is not significantly lower. |
Posted at 12/8/2020 12:54 by philanderer Afternoon EI, Numis poitive..Numis: Derwent London is undervalued Property development business Derwent London (DLN) is trading at too wide a discount as investors price in too much Covid-19 concern. Analyst Robert Duncan retained his ‘buy’ recommendation and target price of £38 on the shares, which fell 40p to £29.24 yesterday despite a ‘confident set of results’, with the net asset value (NAV) of the portfolio is 2% ahead of forecasts. ‘Derwent London is well positioned to continue adding value for shareholders through its largely de-risked current projects,’ he said. ‘We expect small upgrades to consensus NAV forecasts, and believe that the current 24% discount to trailing NAV is too wide, with sentiment overpricing risk as the full impact of Covid-19 on the office occupational market emerges.’ |
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