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 Shares Traded Last Trade
  0.00 0.0% 3,250.00 241,568 16:35:06
Bid Price Offer Price High Price Low Price Open Price
3,264.00 3,270.00 3,314.00 3,222.00 3,244.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 230.30 280.60 253.82 12.8 3,660
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:29 O 16 3,271.825 GBX

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Derwent London Daily Update: Derwent London Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker DLN. The last closing price for Derwent London was 3,250p.
Derwent London Plc has a 4 week average price of 2,854p and a 12 week average price of 2,334p.
The 1 year high share price is 4,362p while the 1 year low share price is currently 2,334p.
There are currently 112,600,801 shares in issue and the average daily traded volume is 319,680 shares. The market capitalisation of Derwent London Plc is £3,659,526,032.50.
nickrl: DLN has sold one of bigger properties at 4% below last valuation but in doing so has offloaded potentially 40% of lease breaks/expiries in 2021 so maybe a shrewd move. However, separate RNS demonstrates that increasing rents at reviews/relets maybe becoming more challenging. OK they've increased the space let on this but at same rent and extended the lease by two years but at the cost of 11 months rent free. DLN on forecast 2% yield feels overvalued for me but I guess share price is reflecting the income stream due from various developments which they've pre let.
nickrl: EI they know the price has got ahead of reality but thats the market for you
philanderer: And another... Derwent London revealed on Tuesday that director Simon Silver had disposed to 12,170 ordinary shares in the FTSE 250-listed property investment and development business. Silver, who will retire from Derwent's board in February 2021, sold the shares on Monday at an average price of 3,181.96p each, for a total value of £387,244.59. Sharecast
nickrl: philanderer this is comparable to BLND and LAND so would expect DLN to be at same level. The ones at much greater risk are SHB and CAPC with higher retail exposoure.
nickrl: philanderer interesting article although timing of this is very circumspect at the moment but if you have break or an expiry coming up, as DLN do by the bucket load over next 18mths, the outcome is much less certain in the current environment hence my view this is where the risk lies with DLN. May take a look at short again if it goes up any further
nickrl: 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: One aspect to the DLN share price is on any recent weakness it's bought back quickly. It's bounced from this morning's low type area so many times now that I've lost count. It's only a pattern until it's not etc.
essentialinvestor: 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: 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?.
dplewis1: 13-Nov-2018 07:02:16AS MARKETS look for direction following October's stumble, highly valued growth shares have yet to fully recapture their verve, as is the case with more speculative smaller stocks. But value picks and those firms with strong finances are faring better.Last week's solid third quarter trading update from Derwent London suggests that the real estate investment trust ticks both of those boxes and therefore remains a solid pick from what is still an unloved sector, thanks largely to Brexit fears.First highlighted in November 2016 at just under £24, the shares trade at almost a 20pc discount to the last stated net asset value of £37.17 per share, even though the vacancy rate is just 2.3pc, the loan-to-value ratio only 16.3pc and interest cover more than five times. In addition, exposure to new developments is relatively modest and the two major schemes in London - the Brunel Building in Paddington and 80 Charlotte Street in the West End - are proving popular. They are now 68pc and 90pc pre-let respectively, up from 40pc and 73pc at the first-half stage.Brexit jitters could still weigh on the stock but the lowly valuation already prices in a lot of these concerns, while any unexpected good news from the economy could be the catalyst for fresh momentum in the shares. Still a good option for patient, contrarian value-seekers. Questor says: hold Ticker: DLN Share price at close: £30.34
Derwent London share price data is direct from the London Stock Exchange
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