Land Securities Share Discussion Threads

[quepassa] 10/1/2020 08:14

Land Secs is a top FTSE100 share pick for 2020 in my view.

The vastly improved and stabilised political backdrop in the UK will increasingly put LanSec back on the investor radar as overseas money floods back into the UK - both for equities and high value non-retail real estate.

Hints by the BoE that interest rates are unlikely to rise - and may even be cut- will add further support.

Personally expecting share price outperformance from LanSec this year as new CEO gets into his stride.

ALL IMO. DYOR.
QP

[quepassa] 19/12/2019 09:26

One of the more unusual type of Broker recommendations.

Yesterday.

Deutsche downgrade from BUY to HOLD...

...but INCREASE TARGET PRICE from 950p to 1020p

[quepassa] 13/12/2019 15:41

A massive post-election bounce for the LanSec and a great vote of confidence in the company which is well-placed to benefit from a pro-business, low-tax Majority Conservative government.

Now at 1,000p being up 7.5% or 70p on today's session.

ALL IMO. DYOR.
QP

[quepassa] 13/12/2019 10:03

A very supportive election result for LanSec which will likely unleash a pent-up wave of overseas investment which had been holding back due to various political uncertainties in the UK.

ALL IMO. DYOR.
QP

[quepassa] 28/11/2019 15:46

Important Broker Note with UPGRADE today.

Morgan Stanley issue broker note with OVERWEIGHT recommendation and significantly UPGRADE their TARGET PRICE (from 948p) to 1050p.

This Follows another positive PRICE UPGRADE already this month already from

-Deutsche (22/11) which REITERATE BUY with INCREASED TP (from 910p) to 950p


Other BULLISH recent broker calls this month are:-

13/11 UBS REITERATE BUY with unchanged TARGET of 1075p
19/11 RBC REITERATE OUTPERFORM with TARGET 1075p (1100p)


ALL IMO. DYOR.
QP

[essentialinvestor] 27/11/2019 15:25

Out of LAND now, luck to those holding.

[essentialinvestor] 15/11/2019 16:39

Land v Blnd - divergence. Nice week.

[quepassa] 14/11/2019 16:21

A prospective 5.2% yield for blue-blooded Land with an increased dividend by 3% and robust outlook continues to look very attractive in my view.

ALL IMO. DYOR.
QP

[essentialinvestor] 14/11/2019 16:11

There is the long term dividend history, the current payout is still below 2008.

Hopefully they can maintain the payment through the next downturn,
as happened in 2000.

However in terms of valuation, the dividend is not the important factor,
It's avoiding the dilutive rights issues which destroyed so much
value in the last downturn - they decimated NAV.


2007 NAV £20.76 a share, 2009 NAV £6.39.

[quepassa] 14/11/2019 16:00

A prospective 5.2% yield for blue-blooded Land with an increased dividend by 3% and robust outlook continues to look very attractive in my view.

ALL IMO. DYOR.
QP

[essentialinvestor] 14/11/2019 15:21

Outlaw. prescience continues to allude me for some unknown reason ).

Would never encourage someone to trade, mentioned many times that buy
and hold is often easier. As well as a direct holding, have an indirect
holding in LandSec through two investment trusts.

As QP found out on DLAR, sometimes just continuing to cling on to
something for dear life, can be very costly.

Both LAND and BLND have net asset values significantly below their 2007 peak, 12 years later. They are highly cyclical REITs, not compunders. Good fortune.

Outside possibility of an overseas bid atm.

[quepassa] 14/11/2019 14:51

A prospective 5.2% yield for blue-blooded Land with an increased dividend by 3% and robust outlook continues to look very attractive in my view.

ALL IMO. DYOR.
QP

[outlawinvestor] 14/11/2019 13:57

I'll never understand why posters need to inform the rest of us that they've traded. It neither adds to nor detracts from any meaningful fundamental analysis previously contributed. It only serves to encourage others to trade likewise and maybe, just maybe, make one appear prescient.

[essentialinvestor] 14/11/2019 13:49

Right, may be misreading this, have sold 35% of my holding at 9.01.
Hoping LandSec is available lower down. If it continues up,
would consider selling another 25% over 9.20.
Luck to those holding, will have a look back here on any large moves.

[essentialinvestor] 14/11/2019 09:55

Up around 20% since the mid August lows thought we would see more of a
retracement, but not happening atm. Some of the income funds have been
adding LAND recently.

[essentialinvestor] 14/11/2019 07:53

Might be worth a look under 8.50.

LandSec metrics more resilient than BLAND on the respective updates.

[essentialinvestor] 13/11/2019 12:34

Well QP I expected you might not like that post!.

At least they have not bought back their shares as with BLND.

[essentialinvestor] 13/11/2019 07:41

Just fwiw I would apply at least a 30% discount to the bulk of their
retail portfolio. The current NAV discount that Landsec sells on that may be largely illusory imv.

[quepassa] 12/11/2019 19:09

"Landsec had a good first half, delivering resilient results in unsettled market conditions.

"We have made excellent progress on our GBP3.0bn pipeline of development opportunities, with 1.0 million sq ft now on site. Our new products, Myo and Fitted, have landed well with customers. We have been proactive in the tough retail market, maintaining high occupancy and protecting income. We have extended our leadership in sustainability by setting further stretching targets. And we've upped our pace in innovation, introducing better ways to design, construct and manage space.

"With a general election next month and the UK's proposed exit from the EU further delayed, we remain alert to market risks. However, Landsec enters the next six months with confidence; we're in a strong financial position, have an exciting development pipeline and are agile enough to seize value-creating opportunities as we see them."



...so says the CEO of LanSec.



Given the state of market uncertainty surrounding some real estate sectors and politics, I reiterate that I think this is an exceptionally strong outlook.


ALL IMO. DYOR.
QP

[essentialinvestor] 12/11/2019 14:43

... exceptionally strong outlook ? - must be reading a different set of results then.

[quepassa] 12/11/2019 08:26

Looks to me like very robust results with an exceptionally strong outlook.

A very welcome and appropriate increase by near 3% in dividend.

That's s good sign of Board confidence in today's market.


ALL IMO. DYOR.
QP

[speedsgh] 15/10/2019 11:28

From The Sunday Times...

Property giant Land Securities, led by Rob Noel, nears £650m sale bonanza -

Property giant Land Securities is close to sealing the £650m sale of a portfolio of cinemas, restaurants and indoor ski slopes as it builds a war chest for deals in London’s real estate market...

[quepassa] 15/10/2019 08:12

Back over £9.

Land had been vastly over-sold.

Additionally, Shorts effectively all wound down now.


Elliott Capital further reduced their short position to less than 0.5% on 11th. October


ALL IMO. DYOR.
QP