Great Portland Estates Share Discussion Threads

[essentialinvestor] 04/10/2022 11:56

Today's transaction shows a continuing demand for grade A London space.

Sold some following a lovely bounce for GPE and the sector.
Markets due one more leg down at a guess.

[essentialinvestor] 28/9/2022 15:26

Nice reversal.

[essentialinvestor] 27/9/2022 15:58

Up to my full holding here now, whether a good idea or not!.

[essentialinvestor] 23/9/2022 13:31

Back in for a very small amount. might regret this one.

[essentialinvestor] 22/9/2022 17:05

That looks a support level gone, so goodness knows where this is now heading.

[essentialinvestor] 02/9/2022 20:44

The 4.90'ish area has been support on a number of occasions,
although not sure that means much atm!.

[nickrl] 02/9/2022 19:25

EI dividend is still at naff levels and with economic chaos on the horizon i can't see them lifting it. Of course they do have some good assets so someone would probably try take them out if the price fell too low so that will probably put a floor on how low they could go.

[essentialinvestor] 02/9/2022 12:32

Anyone see some value here at current levels, tempted.

[essentialinvestor] 12/7/2022 13:29

May be heading lower?, UK economic outcome weakening for 2023/4.
Perhaps not the time to buy back in.

[essentialinvestor] 07/7/2022 08:53

£6 was my short term target which we have now about hit,
so have closed out my trading position.
Would expect market volatility is far from over so there
may be an opportunity to grab some lower down again.

[essentialinvestor] 01/7/2022 18:46

It is. They just added "Estates" to their corporate title - all the same otherwise.

It ..better reflects the business, apparently!.

[bscuit] 01/7/2022 18:37

Back to pre-ticker name change price right?

[essentialinvestor] 01/7/2022 17:52

Previously GPOR.

[essentialinvestor] 01/7/2022 17:51

Having been net sellers of property for over 6, if not 7 years in the run up to what
looks like a looming recession, GPE may be ideally placed to benefit from the next cycle.
As we may be early in this bear market, lower prices possibly available over the next few months.
One to watch at least.

[rambutan2] 11/3/2016 17:17

New thread after name/epic change...

[18bt] 27/1/2016 11:47

Anyone any views as to whether have Intermediate Capital Group as the manager is going to make any difference to performance? Name change on Monday. Recent share price performance has been awful.

[18bt] 08/12/2015 07:47

Trading update this morning. Nothing much in the 3 months but YTD performance is fine.

[18bt] 20/10/2015 09:25

This share price has perked up with an interim dividend and share buybacks. The problem is that they are awash with cash - still c15% discount to NAV, but that is histroically low and probably reflects the amount of cash - extract that and the discount is closer to 19%.

[skyship] 01/5/2015 09:30

18BT - I see I was wrong in stating no yield here. Actually paying an unchanged 15.5p total for a 2.7% yield.

However NAV performance disappointing; and to opt for buybacks is a lamentable decision. I have nothing against buybacks per se for asset-backed cos such as PE Trusts and propcos; however they should only be used when the discount has risen to levels well above peers. In the case of GPE the discount is still below that of peers!

They are being done to satisfy an institutional seller, so GPE funds are being wasted to help out a single shareholder. The funds would be better distributed to ALL shareholders through an increased dividend.

GPE remains a SELL in my book. Far better to buy into BPM ahead of the early June Prelims; and the rumoured sale of a large portfolio holding. An increase in the 205p NAV looks assured, so the current 28.8% discount at the 146p offer price suggests the stock is mis-priced...

[18bt] 29/4/2015 08:01

Some share buy backs launched in addition to prelims - need to analyse this one.

[18bt] 17/3/2015 09:57

I'll wait for Prelims, but I'm beginning to think that the only value they add is access to the big funds rather than selection and the own funds element is unexciting.

[skyship] 17/3/2015 09:41

I personally feel that money is wasted in GPE - no yield and only a 15.4% NAV discount - well below peers.

You may want to wait for the Prelims next week (25th March); however in the meantime in the PE sector perhaps check out BPM for a 33% discount & JPEL for a 26% discount.

A look at most of the charts on the PE thread shows that comparatively speaking GPE has been dead money!

[18bt] 17/3/2015 08:10

Of all the PE houses, Graphite appear to have been very quiet - no deals since November. Nothing on GPE since IMS in October.

[topvest] 26/9/2014 21:31

Yes, doing well. Happy to hold.