Derwent London Share Discussion Threads

[philanderer] 05/10/2020 11:25

Agree nick.

And they've got to get some opening windows into their buildings.

[nickrl] 05/10/2020 11:19

philanderer for sure this has accelerated change that was already happening but i dont believe it spells the end of the office full stop more an evolution into how office space is used. DLN have good assets that will play to this need but imv there immediate risk is the scale of expiries/breaks over the next 12-18mths and we need to see how that plays out. Q3 update due in around a month should give an update.

[philanderer] 05/10/2020 10:10

'Covid-19 has changed working patterns for good, UK survey finds'

Few staff say they intend to return to their offices five days a week

[philanderer] 01/10/2020 15:02

Millions still furloughed as commuters abandon the office again

[philanderer] 30/9/2020 13:59

Almost half of staff at UK offices had returned before new advice – report

Proportion was rising steadily before workers in England were again told to stay home to fight Covid

[philanderer] 28/9/2020 14:12

Today's rise maybe a read across ?

....Great Portland Estates was a high riser after private equity firm KKR bought a 5.35% stake in the property company for around £74m.

[essentialinvestor] 28/9/2020 08:32

Sold last weeks small buy.

[essentialinvestor] 25/9/2020 12:49

You have got to be incredibly careful in this sector atm

investor confidence looks to be ebbing away.


Reluctantly exited the rest of a small position in CLS (CLI) this morning,
having sold some on Thursday and also sold out of MCKS yesterday.

[skyship] 25/9/2020 08:14

WOW - a chartist's delight to see such an obvious short. Unfortunately haven't been tracking DLN & SHB. Will now add them to the CP+ thread - though too late this time around!


free stock charts from uk.advfn.com

[essentialinvestor] 24/9/2020 00:43

Hi Nick, had a very small amount at 23.77.

Although could not recommend DLN to anyone atm.

If you were asked to imagine a set of circumstances that were extremely bearish
for London commercial office, you would be hard pressed to dream up the current
reality.

I've become significantly more cautious on the sector over the last couple of weeks
and cut sector holdings as mentioned on the SLI board recently.

Well done again on your prescience.

[philanderer] 24/9/2020 00:24

More than welcome nick :-)


'City back in shutdown as firms send staff home'

Raft of big employers expected to update their guidance to staff after Boris Johnson’s address to the nation

[nickrl] 23/9/2020 20:57

EI thing is I didn't do a short! Mind you certainly at an interesting price now and they have a good portfolio and barring a major economic collapse ought to be able sustain current dividend meagre though it is. However, they have a big level of expiries and breaks that are coming next year and in current environment that clearly represents a big risk so would have preferred to see a slower share price decline into 2021 to have some visibility over this but need to be careful not to miss a buying opportunity.

Also thanks to philanderer for the link.

[essentialinvestor] 23/9/2020 14:05

Very good call here by Nick.

[philanderer] 23/9/2020 13:55

HSBC and Goldman Sachs delay plans for return to offices in England

[philanderer] 23/9/2020 13:26

Excellent audio interview..

The future of the London office market: In conversation with Derwent London and Knight Frank

[philanderer] 19/9/2020 10:07

Online tours will be available for Brunel Building and White Collar Factory at this year's London Open House

[philanderer] 18/9/2020 14:10

Queen's property drops in value by £500m after rental receipts decline

[philanderer] 17/9/2020 18:40

'Nearly two-thirds' of adults back in the workplace, says ONS

[essentialinvestor] 16/9/2020 11:26

Closed my latest trades off @ 26.60.

[essentialinvestor] 14/9/2020 12:25

Nick, good call here, you mentioned around £25.

[essentialinvestor] 10/9/2020 17:49

Had 2 lots tody.

[philanderer] 10/9/2020 17:44

'No rise in workers in UK city centres despite back-to-office plea'

Worker footfall was at 17% of pre-lockdown levels at end of August, unchanged from June

[essentialinvestor] 10/9/2020 13:35

Hi Phil, just had a very small amount.

The share price gave ample advance warning here as the previous tight range had held
for a number of months.

Nick mentioned circa £25 as a potential buy area and that looks an interesting buy point.