Derwent London Share Discussion Threads

[philanderer] 30/5/2020 00:01

MARKET REPORT: Dealmaking appears to be returning to property sector as investors look to bag a bargain during market slump

[essentialinvestor] 27/5/2020 15:02

Phil, thanks for that.

If EU negotiations hit the buffers over the summer, which looks a distinct possibility, that may open up an opportunity for the sector.

Rurun of last summer?, expect with COVID as well.

[philanderer] 27/5/2020 14:28

Kempen & Co comment on the sector..

Derwent London: Less retail, less pre-let risk, low leverage, and still a structurally undersupplied office market with a quality demand bias.

[philanderer] 18/5/2020 14:02

New office construction in central London is at an all-time high, but developers’ confidence in future leasing demand has been hit by Covid-19, according to a new survey

[philanderer] 07/5/2020 10:09

...or not it seems.

I remember now it was brought forward to 8th april doh !

[philanderer] 06/5/2020 23:28

Trading update thursday

[philanderer] 06/5/2020 09:00

Peel Hunt downgrades to HOLD. .....tp 3100p. Down from 4400p

[philanderer] 30/4/2020 10:15

30th april JP Morgan underweight tp 2850p cut from 3720p

[philanderer] 29/4/2020 14:35

xd tomrrow morning for the 51.45p dividend

[philanderer] 08/4/2020 14:24

Derwent London confirms dividend, halts construction

Wed, 8th Apr 2020 10:42ShareCast

(Sharecast News) -

Office developer Derwent London confirmed its final dividend on Wednesday and said all employees below board level were on full salaries and benefits but did move to halt construction on multiple sites across the city.
Derwent London will make a final dividend payment of 51.45p on 5 June despite the "unprecedented global disruption" being caused by Covid-19.

The FTSE 250-listed group highlighted that it had already received 73% of rents due on the quarter, with another 6% now being received on a monthly basis in May and June. Derwent also said it had agreed on payment plans on another 12% of rents.

Derwent also stated that following a positive start to the year, its retail, restaurants and leisure sector properties had suffered as a result of government lockdown measures.

However, Derwent has deferred expenditure and decisions on future projects to stem outgoings during the outbreak - temporarily pausing construction on three major sites.

Derwent added it had a low loan to value of 16.2% with cash and undrawn facilities of ?554m and "significant" headroom on its covenants, with rents having to fall by 70% and values by 71% before breaching them.

Chief executive Paul Williams said: "Derwent London is well placed to meet its commitments to invest in its longer-term objectives and to balance its stakeholder responsibilities."

As of 1040 BST, Derwent shares were up 2.15% at 3,324p.

[philanderer] 11/3/2020 14:18

11th march Morgan Stanley overweight tp 4250p

[philanderer] 03/3/2020 10:49

STIFEL RAISES DERWENT LONDON TO 'BUY' ('HOLD') - PRICE TARGET 4275 (4000) PENCE

[philanderer] 27/2/2020 12:32

BARCLAYS RAISES DERWENT LONDON TARGET TO 3600 (3100) PENCE - 'UNDERWEIGHT'

[philanderer] 25/2/2020 10:33

11th feb Peel Hunt.... 'hold'..... tp 4400p up from 3850p

[dplewis1] 25/2/2020 07:08

As always looking solid. Divi up 10%

[philanderer] 20/2/2020 20:25

Full Year results next tuesday.

[philanderer] 15/2/2020 00:01

Impossible to time it right. I've top sliced eight of my thirty this week just for some insurance. Strange times.

[dplewis1] 14/2/2020 18:12

Yep - as usual I sliced too early!

[philanderer] 14/2/2020 18:06

Looks like a closing ATH

[philanderer] 10/2/2020 13:40

'Property investor spend on central London offices on the up'