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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Derwent London Plc | LSE:DLN | London | Ordinary Share | GB0002652740 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
20.00 | 0.93% | 2,168.00 | 2,166.00 | 2,170.00 | 2,180.00 | 2,128.00 | 2,140.00 | 168,578 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 190.9M | -476.4M | -4.2426 | -5.11 | 2.44B |
Date | Subject | Author | Discuss |
---|---|---|---|
13/8/2020 13:19 | EI thx for heads up on CLS will revaluate again. I also FD topped up 50k shares recently. | nickrl | |
13/8/2020 11:31 | Recent CLS results read well, perhaps because of the controlling families stake it gets little attention. I don't hold atm. | essentialinvestor | |
13/8/2020 09:55 | Morning EI , yep that's where I've put it :-) DLN updated: 13th aug Baclays underweight tp 2600p 12th aug Numis buy tp 3800p 12th aug UBS buy tp 4425p 12th aug Deutsche hold tp 3250p 12th aug Liberum hold tp 3300p 11th aug Peel Hunt hold tp 3100p 11th aug ++++ interims ++++ | philanderer | |
13/8/2020 07:41 | Hi Phil, just be mindful that the SHB share price is like a pinball atm, with rapid quick fire moves in either direction. One to keep on a watchlist at least. | essentialinvestor | |
12/8/2020 23:51 | EI, many thanks for the information. SHB could be interesting. | philanderer | |
12/8/2020 16:32 | Found a comment from Peel Hunt on Great Portland and they are/were looking for an approx 8% fall in 2021 NAV - comment made at their last results update. Given DLN operate in the same area geographically and Derwent's considerably lower resturant/retail exposure, a NAV fall of around 4/5% for 2021, may be. If COVID cases accelerate again and a further London lockdown happens. that may be too optimistic. | essentialinvestor | |
12/8/2020 15:57 | On fundamentals GPOR has significantly less resturant/retail exposure @ circa 30%. and also some of the lowest gearing in the sector. Very bullish on SHB longer term, the big challenge is where the share price low point will be for Shaftesbury and could not even hazard a guess on that. GPOR is closer to DLN in terms of fundamentals at least. DLN is around 88% office with similar gearing. | essentialinvestor | |
12/8/2020 15:47 | GPOR and SHB look very similar charts YTD | philanderer | |
12/8/2020 15:44 | Thanks Phil. | essentialinvestor | |
12/8/2020 15:44 | EI, I've seen nothing else. | philanderer | |
12/8/2020 15:34 | Interested to get some idea of where brokers see NAV in 12 months time, can't find any comment and don't have access to the professional full broker notes. Appreciate these are subject to change, however gives some idea of a ballpark type of estimate. | essentialinvestor | |
12/8/2020 14:46 | Philander after that broker note its definitely a sell!! Results are a lookback and I would have thought by now brokers would realise the world is changing. Im not in the doomsday club but the fact they've got 24% of leases on break or renewal next year is red flag in this market imo. Yes they've got good properties but your dealing with businesses who will need to rightsize once they have to stump up for the full payroll so they will hold the whip hand. As i say they aren't going under anytime soon but this isn't a premium propco that justifies the paltry yield. | nickrl | |
12/8/2020 12:40 | Phil, do you have any broker NAV estimate for 12 months out?, thanks. | essentialinvestor | |
12/8/2020 11:54 | 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.’ | philanderer | |
12/8/2020 11:46 | Phil, I thought the statement was reasonable given the backdrop, but would defer to Nick's view on this. Todays UK GDP numbers paint a vulgar picture. | essentialinvestor | |
12/8/2020 11:39 | A few having second thoughts today ;-) | philanderer | |
11/8/2020 23:47 | VIDEO A first look at 80 Charlotte Street | philanderer | |
11/8/2020 16:05 | Article in today's FT giving a view on the London office market, in a nutshell- the impact of COVID and companies deciding they need less space has yet to hit the sector. It may already be reflected (to an extent) in share prices imv, just not in fundamentals. The sector still vulnerable to setbacks on risk off sentiment imv. And there remains the big unknown - when will HMG call a hault to the moritorium?. | essentialinvestor | |
11/8/2020 13:04 | nick, excellent summary. I'm happy to hold giving my portfolio some exposure to the sector. | philanderer | |
11/8/2020 11:54 | Hi Nick, thanks for the view. Not holding atm. | essentialinvestor | |
11/8/2020 11:46 | Not going bust but can't see how its get any better from here. There being reasonable landlords to tenants with reduction in service charge income and rent free periods but its all coming at a cost. Also good to see rental collection transparency and whilst june qtr not so good its mainly a retail issue so small impact. Impact of all these agreements is carrying through into trade receivables up £15m and although small beer when your recognising income for 2021 will this end up being impaired though. Net impact is dividend wasn't covered but as rent kicks in at Charlotte St should substantially close the gap. Adverse though is 24% of income is up for breaks/expires in 2021 and in current environment has to be seen as high risk - 24% of H1 breaks/expires now vacant already as an indicator. With paltry yield needs to be below 2500 for me. | nickrl | |
11/8/2020 10:45 | Both John Burns & Simon Silver retired/retiring from Derwent London. They were the pioneers and drive behind the Company! Who knows how this will play out now, certainly uncertain times ahead. | looneytune | |
11/8/2020 10:16 | Hi Phil, what's you make of these results?. | essentialinvestor | |
11/8/2020 10:05 | The property development company increased its interim dividend, despite reporting a sharp swing to a loss on a revaluation deficit, while announcing the planned departure of its co-founder Simon Silver, an executive director and co-founder of the company. His retirement is effective February 2021, but he will support Derwent as a consultant until the end of 2022. Alliance News | philanderer | |
09/8/2020 23:25 | One day, the virus will subside. It could be eradicated. But even then, life will not simply return to the way it was before Covid-19. Spurred on by the coronavirus crisis, architects have been rethinking the buildings we inhabit. | philanderer |
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