Land Securities Share Discussion Threads

[ntv] 02/3/2018 08:30

maybe the chairman will do something about the discount
if everyone believes the discount is a fair valuation of the properties then they might as well write them down to save on tax if they paid any

[quepassa] 18/12/2017 08:33

Friday 15th. Broker Note.

Liberum REITERATE their HOLD recommendation with unchanged Target Price of 1120p.

ALL IMO. DYOR.
QP

[cc2014] 04/12/2017 12:36

CFO just purchased £250k worth

[pillion] 19/11/2017 11:52

Just looking here
At current share price of 932; from latest figures

does this give a discount to nav of about 35%
or am I missing something ?

[its the oxman] 14/11/2017 22:24

Looks very cheap re nav with good yield. Not sure what the the widest discount it has traded on in the past is though?

[chiragmahe] 14/11/2017 16:11

why the fall?

[quepassa] 14/11/2017 07:06

Interim Divi up a 10% from 17.9p to 19.7p.

Bodes well for similar increase to final divi.

[ntv] 18/10/2017 17:59

and again but missed the spike at the close

[ntv] 11/10/2017 19:16

closed small long today
reasonable return

[call-logger] 21/9/2017 12:46

The date for the 60p special dividend should be announced soon

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

General Meeting 3.00 p.m. on 27 September 2017

Latest time and date for dealings in Existing Ordinary Shares 4.30 p.m. on 27 September 2017

Despatch of payments and CREST accounts credited in respect
of proceeds, if B Shares redeemed on 29 September
13 October 2017

Despatch of payments and CREST accounts credited in respect
of proceeds from sale of fractional entitlements arising as a result
of the Share Consolidation
13 October 2017

[essentialinvestor] 21/9/2017 12:39

Just had another few.

HLCL is my main sector holding, added this AM.

May's speech tomorrow, sentiment sour with Brexit.

[hugepants] 21/9/2017 12:37

I topped up yesterday also. The date for the 60p special dividend should be announced soon which may spark some interest.

[essentialinvestor] 21/9/2017 12:35

I bought a very small amount late yesterday.

[hugepants] 21/9/2017 12:29

looking a bit grim here

[hugepants] 04/9/2017 08:42

Picked up a few of these. Look good value at below 1000p. 30% discount to NAV, approx 4% forward yield and 60p special dividend (date to be announced).

[quepassa] 27/7/2017 14:26

Nice.

QP

[essentialinvestor] 30/5/2017 21:07

Added a few today and will again lower, if available.

[sirhedgealot] 25/5/2017 11:30

1200 please. Hehe

[quepassa] 08/5/2017 10:30

Finding greater support.

QP

[essentialinvestor] 23/12/2016 11:43

Very nice recovery from the early December low.

[quepassa] 01/12/2016 12:17

Not yet in bargain territory by a good measure.

When it hits 750-800p, it will be attractive. But not until then.

LandSecs - like the other property majors- displays worsening symptoms of Brexit-rot.


ALL IMO. DYOR.
QP

[quepassa] 22/11/2016 17:57

Re Post 27.

Axiare up 20% in two months.

Land Securities down 7-8%.

That's telling you something when Spanish real estate stocks are outperforming UK real estate stocks.


ALL IMO. DYOR.
QP

[quepassa] 27/10/2016 09:40

As much as I believe that Land Securities is an outstanding company, it seems clear that Brexit-rot has set into the UK real estate market.

Fears that parts of the UK corporate population will desert London for mainland Europe will spur ongoing weakness and foster doubt over occupancy levels and rental yield for some time to come.

At current yield, it seems to me in a Brexit world that Land Secs now neither 1) offers a particularly attractive yield , nor 2) offer much prospect of revaluation uplifts - but possible downards valuations.



Turned bearish on the sector since September.

Down 7% just over the last month and 25% over a year. Not good.

Have now sold all holdings in LandSecs and will hope to reinvest in better times.


ALL IMO. DYOR.
QP