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SHB Shaftesbury Plc

421.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Shaftesbury Investors - SHB

Shaftesbury Investors - SHB

Share Name Share Symbol Market Stock Type
Shaftesbury Plc SHB London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 421.60 01:00:00
Open Price Low Price High Price Close Price Previous Close
421.60
more quote information »

Top Investor Posts

Top Posts
Posted at 15/9/2020 12:15 by undervaluedassets
London Prime property recovers in the end.

Meanwhile Mr Market is offering investors a chance to get in at a nice price.

That is my thesis .. plain and simple
Posted at 29/6/2020 10:59 by essentialinvestor
Would guess it would lead to a polarisation in London commercial office,
between A class developments and the rest?.

Most of the people I know enjoyed working from home in the initial weeks
and are now looking forward to get back to office life. From a socio economic
viewpoint it's an interesting trend to watch, besides having implications for investors.
Posted at 21/6/2020 08:52 by deadly nightshade
Yes some shops will go bust that's a fact of life but new things emerge and the thing here is a lot of the assets are not multiple shops they are unique business's and new ideas will be invented. The doom mongers have been moaning about property being over valued for years but as I say it never goes down longterm. Interest rates are next to nothing shed loads of money have never been easier to borrow. Debt appears to be very easy to refinance. You only have to look at what our government are borrowing, if you looked at the bond market the other day investors were actually paying the government to lend money to the government.
Posted at 18/3/2020 14:19 by loafofbread
With the news that a number of property funds have just shut up shop and because of the liquid nature of this stock I've just closed out.

Nothing to stop this getting hit again if investors need funds.

Pretty sure we will follow Europe into lock down this week end anyway.

Preservation of capital is the way forward.
Posted at 11/12/2006 10:17 by intrinsic value
Property firm Shaftesbury posted a 30 percent rise in the value of its assets on Monday and said it saw considerable capacity to continue growth in rents.

Shaftesbury said its adjusted diluted net asset value per share (NAV) - a key performance measure for property companies -- was 590 pence at the end of its financial year to September 30.

The group said it made 13.9 million pounds adjusted pretax profit in the year, down 2.6 percent from a year ago, as net property income grew 8.3 percent to 47 million pounds.

Shaftesbury, which mainly rents space to bar and shop owners in London's West End, said it expected a moderation in yield movements in the coming year but rental growth would driven by occupier demand in its sought-after locations.

The group, with its premises mainly located in Covent Garden, Chinatown and the media districts of Carnaby Street and Charlotte Street, said it expected to convert to a low-tax real estate investment trust (REIT) in 2007.

REITs are property-managing companies which pay no tax on their rental income or on their capital gains as long as most of their income is paid out to investors as dividends.

They are common in several countries and are being launched in Britain on January 1.

Shares in the group, which have outperformed the real estate sector by 9 percent over the last 12 months closed at 703 pence on Friday, valuing the group at around 933 million pounds.

The group, whose properties include celebrity haunt The Ivy restaurant, said it would pay a final dividend of 3.73 pence per share, giving a total for the year of 5.65p, compared to 5p a year ago.

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