Helical Share Discussion Threads

[edwardt] 09/11/2020 19:14

Not sure why this was not up same as blnd and land sec today..

[edwardt] 30/9/2020 17:47

Oi oi somebody wants them.

[essentialinvestor] 21/9/2020 06:38

Spec, it's government policy I'm primarily concerned about. Particularly if we are looking at further COVID measures, can see the moritorium running well in to next year. Clarification on an end date and it changes the dynamic.

[spectoacc] 21/9/2020 06:33

I'm looking at it two ways: 1. Things are about to get a lot worse, for an indeterminate time. People are banging on about Wave 2, but this is still Wave 1 IMO, which wasn't fully suppressed. Wave 2 to look forward to later 2. There's an awful lot in the price with REITs, and Covid isn't going to last forever. What will they look like in 12 months ? Very few are over-geared to the point of debt getting called in.

[essentialinvestor] 21/9/2020 06:28

Yes I did note that at the time, thanks. I'm increasingly uneasy on the UK commercial property sector full stop.

[spectoacc] 20/9/2020 07:18

@EI - perhaps sunk costs on 33 Charterhouse give them little choice. Also it's a 50:50 JV I think? So both mildly better for costs/risk, and mildly worse for any decision to walk away not being entirely theirs. Been nothing said since the 23rd July update - perhaps doesn't need to be - but this reads ominously now: "Commenting on the Company's activities, Gerald Kaye, Chief Executive, said: "Today's Trading Update is issued against a background of growing optimism that the immediate health threat presented by Covid-19 is receding, permitting the continued re-opening of the UK economy. With city centre retailers and food and beverage operators now open, it is vitally important to the economies of the cities in which we operate, London and Manchester, as well as across the country, that businesses act on the Government's encouragement to return to their offices to work.."

[edwardt] 15/9/2020 16:56

Whatever happened to the rumoured bid??!

[essentialinvestor] 30/8/2020 16:08

Https://www.dailymail.co.uk/news/article-8677655/Capita-shut-100-offices-devastating-blow-PMs-campaign.html While I don't believe Capita is a Helical tenant, this may give some indication of the challenges to come for UK office focussed REITS.

[essentialinvestor] 27/8/2020 10:48

What has surprised me is Helical proceeding with 33 Charterhouse Street and borrowing to pay for that construction work. It is also going to be a tower, over 15 floors. Is there going to be a market for this?. Looks an aggressive move imv.

[essentialinvestor] 27/8/2020 08:48

In ordinary times I would say this is interesting at the current NAV discount, however these are far from ordinary times and a future role of the London office market is in question. How far will values and rents need to fall to compensate for this. Tbh I can't answer that.

[essentialinvestor] 27/8/2020 07:41

Hi SKY, just to clarify the March 2020 low was circa £2 a share. My lowest buy price in March was at £2.01.

[skyship] 27/8/2020 06:49

Chart suggesting a return to the recent 250p low: free stock charts from uk.advfn.com

[skyship] 27/8/2020 06:46

Problem is total exposure to City life - London & Manchester. Also has a seam of residential (big city apartments no longer flavour of the month!) and city office development. Happy with the more diverse and geographically dispersed SREI - 46% discount @ 31p...

[essentialinvestor] 23/8/2020 12:47

Helical trading at a 40% Discount to NAV. Practically no exposure to retail at circa 2%.

[essentialinvestor] 15/8/2020 14:36

London property sale post COVID, so there are still buyers.

[essentialinvestor] 23/7/2020 17:15

Reasonable update.

[essentialinvestor] 07/7/2020 08:14

Given the current significant NAV discount, coupled with strong rent collections, Helical arguably has one of the better risk/reward metrics in the sector?.

[essentialinvestor] 07/7/2020 08:08

Strong collections, had a few.

[badtime] 03/4/2020 13:27

Well done EI ..I knocked this off my watch list ...silly me!Won't make that mistake again

[essentialinvestor] 02/4/2020 14:33

All out now, luck to those. holding.