Great Portland Estates Share Discussion Threads

[nickrl] 25/9/2020 22:03

KKR Investment Management LLC notified they have 5.35% this afternoon. Not previously on the register by the looks of it so suspect they've picked them up off another holder.

[essentialinvestor] 18/9/2020 16:34

Bought a small amount at an average of £5.59

[essentialinvestor] 15/9/2020 12:28

Closed those off. Hopefully some more opportunities in the weeks ahead.

[essentialinvestor] 12/9/2020 17:16

May be on a trip to retest the March low?.
Bought a small amount before Friday's close.

[essentialinvestor] 06/8/2020 08:54

I've sold out and hoping to buy back in again on a bad day. Luck to holders.

[essentialinvestor] 03/8/2020 19:24

Great Portland is approx 70% office, from memory.

GPOR gearing is also lower.

[shieldbug] 03/8/2020 14:29

Not sure how well the Capco GPOR comparison holds up. Covent Garden is a pricey area.

According to Annual Report Capco have 58% exposure to retail/restaurants/lesure and Covent Garden portfolio has a weighted rental value of £93/sq ft. For what its worth Capco state like for like rental of £55m off 1.2m sq ft - suggesting and real world average £45/sq ft.

GPOR say their average office rent is £53.4/sq ft.
GPOR say their rent roll is £100m on 2.6m sq ft - which would indicate an average rent of £38.5/sq ft. Considering their gross rental income was £80m - that would suggest that in reality average rent is more like £30/sq ft.

One might imagine that GPOR with lower rents may find their tenants more able to pay. But then again the opposite might also be true.

[essentialinvestor] 29/7/2020 15:54

Sold a few.

[essentialinvestor] 21/7/2020 13:18

Capco reporting a -17% fall in the 6 month period to 30 June.


GPOR have an approx 30% exposure to retail/resturants.

DLN approx 13% exposure.

Helical under 3%.

[essentialinvestor] 20/7/2020 14:59

Hi Jack, straight back at you.

About 30% invested atm, need some downside to justify that. Not happening atm.

[cousin jack] 19/7/2020 16:17

Thanks EI. Yes, gradually adding at set levels is a good approach in current market. I'm doing similar on SMDS at the moment (I've just posted thoughts on that board).

Good luck with your holdings.

[essentialinvestor] 17/7/2020 10:28

Hi Jack, apologies late reply.

On GPOR under £5.50 looks a better entry point, as mentioned.
(Ideally a retest of the March low under 5.30 as I said to SKY on
another board earlier this week).

Plan for Great Portland is to add small amounts only at set levels-
it just hit a second buy point.

SLI my main sector buy this week as hope for some sort of bounce.

[cousin jack] 15/7/2020 14:23

As you said on the RLE thread "You need to be very agile and a tad lucky, to trade this sector and make money atm".

However you succeeded with GPOR on Friday and I'll be interested to see if you can repeat today. A brave call though.

[essentialinvestor] 15/7/2020 11:07

Bought those back.

Under 5.50 approx, if available, looks a good entry point.

[essentialinvestor] 13/7/2020 14:30

Bought a small amount before Friday's close which I've taken quick turn on.
Will have another look if available under £6.

[essentialinvestor] 06/9/2019 09:00

£3.60 ? - well in the midst of a deep bear market and a severe recession
that type of level may not be out of the question. However it's not a level I see fwiw.

Thanks for the view.

[muffinhead] 06/9/2019 03:31

I can't connect the balance sheet numbers (NAV,operating profit trend, eps, small dividend, pe ) with the company market valuation

Seems to be property obscessed money wanting to bury money in a "sure thing" and not worry about returns on equity

Chartwise the price action on monthly chart is volatile rubbish suggesting distribution bear flag

Target 360p imo

[essentialinvestor] 02/9/2019 12:25

Back over £7. At least for now.

[essentialinvestor] 19/8/2019 19:31

Prefer Great Portland with their lower gearing and reduction in share count,
Derwent is a quality business though.

[llef] 08/8/2019 08:56

Derwent announced today that they had sold a building in london for 4.8% above dec 2018 values. Implies to me that the london office demand is still strong, no signs of a plunge... yet!

"The disposal price net of costs and potential top-ups is £99.6m, 4.8% above December 2018 book value."

[essentialinvestor] 05/8/2019 13:15

Without the buy back this might be closer to £6 imv.

[essentialinvestor] 22/7/2019 12:19

Under £6 that may be an interesting longer term entry,
depending on how hard any Brexit hit may be.
If London commercial property values plunge then would need to reassess.

[porsche911sse] 23/5/2019 08:23

Mentioned in today's press

[llef] 08/11/2018 09:48

very positive statement from derwent today - must augur well for GPOR I would have thought