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SHB Shaftesbury Plc

421.60
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shaftesbury Plc LSE:SHB London Ordinary Share GB0007990962 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 421.60 419.00 420.20 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Shaftesbury Share Discussion Threads

Showing 701 to 724 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
29/12/2023
15:09
Hi Konrad, IF those properties require significant CAPEX, he may not want to commit additional capital?.

GPE may be a nice opportunity for the next 12 months imv.

There's an SHC bb btw.

essentialinvestor
29/12/2023
14:16
Essential, I wonder if you saw that Sammy Lee is currently selling a third of the Langham Estate. The price mentioned was circa £500 million.

O.K. he purchased the whole estate thirty odd years ago for £75 million.

It does have some retail however the majority is office!

He has spent as little as he could over the years so investment is now required.

As they say, watch what folk do, not what they say.

konradpuss
02/3/2023
14:02
Sold a few just under £4.18. New era beckons.


Decent 3/4 year risk/return?.

essentialinvestor
01/3/2023
22:49
From CAPC results they have an overview of Shaftesbury Capital

4.9B assets estimating 192p NTA LTV 31% earliest debt expiry 2024

oh and still a lousy yield i suspect.

Anyhow the wildcard to me is if Shaftesburys Mortgage Bondholders redeem their bonds (2027 2.3% 2031 2.4%) the replacement funding aint going to be cheap. SONIA+1.5% increasing by 0.25% every 6mths to 3.25%. Given rise in interest rates i would be selling my bonds if i held any.

nickrl
01/3/2023
13:52
CapCo now trading at a 1% premium to the conversion price - based on the
SHB share price at the time of this post.

essentialinvestor
26/2/2023
17:19
@EI new company will be known as Shaftesbury Capital PLC listed from 7th March.
nickrl
30/1/2023
14:10
Will start a new board if the merger completes, which is now looking likely?.
essentialinvestor
30/1/2023
13:40
Going right way helped by sterling weakness. Though presume turnover is gross and not net RPI

The sustained recovery in footfall and trading previously reported continued into the important Christmas and New Year period. Whilst domestic visits to our villages were flat against December 2021, having been impacted by a series of rail strikes, footfall was buoyed by continued growth in international tourist numbers. Across our portfolio, our hospitality, retail and leisure occupiers have outperformed the wider West End, reporting turnover on average 42% ahead of 2021, a period which had been affected by the Omicron Covid variant, and 6% above 2019.

hindsight
24/12/2022
10:24
I would be very surprised if the CMA decided to investigate.
konradpuss
24/12/2022
10:14
CMA will make a decision on whether to refer merger with CAPC to a full investigation on 22/2/23.
nickrl
08/12/2022
16:29
At the time of this post the SHB share price premium on the merger terms is gone.

First time since the deal announcement.

essentialinvestor
08/12/2022
15:27
Added a small amount.
essentialinvestor
30/11/2022
13:38
Konrad, reads fairly well?, all be it 2023 will be a tough year.
essentialinvestor
29/11/2022
20:34
nickrl, I know I have always been 'down' on Bickell however I wish him the best and hope he never appears on the board of a quoted property co. again.

He can go and sprinkle words liked tended and curated on his vegetable patch in his hopefully long and permanent retirement.

konradpuss
29/11/2022
16:17
Merger premium over Capco terms has opened up again a tad, caused by the delay I'm assuming.
essentialinvestor
29/11/2022
15:02
Capco gearing is relatively low.
essentialinvestor
29/11/2022
14:14
@giltedge gets rid of Bicknell seems to be the only positive the directors will tell you otherwise of course but feels like a capco takeover in all but name
nickrl
29/11/2022
12:31
Going great on there own, positive NAV, Shops, Offices, Flats thriving. Understand have to renegotiate debt on merger, add to costs. Can someone explain the benefits of the merger?. I would invest as a stand alone Company but not merged with CAPC.
giltedge1
29/11/2022
10:05
results out with NTA up and divi up a fair whack but still a lousy yield. they've already spent 13m on the proposed merger which now has been pushed back to Q123 whilst CMA decide. no debt issues to concern them for years although post merger it may look a lot different.

as i say yield at 2.75% makes it pointless for me but lets see what the new entities policy is on divis.

nickrl
21/11/2022
18:17
Given their portfolio profile is this risk underestimated.
essentialinvestor
01/11/2022
22:32
@konradpuss at least Bicknell is exit stage left once the merger completes
nickrl
01/11/2022
21:37
Let's face it, the portfolio is great, however I think it has gone ex growth for a while. How much of a reversion is left? Not much in my humble.

Yields, due to interest rates are moving out. I have not looked at their debt profile of late, however banks are twitchy.

The thing that annoys me is the use of the word 'curated'. I bet Bickell dreamed that one up to increase his salary!

No real numbers so it is difficult to form a strong opinion.

Agree, this is pre Truss.

konradpuss
01/11/2022
20:34
It is a good update but have to remember most of the reporting period was before Kamakaze unleashed chaos on the UK so not an indicator of where its headed but with reduced level of pound ought to keep tourists flowing. Still have lousy yield even at these depressed share price levels so will have to see what the merged entity with CAPC looks like.
nickrl
01/11/2022
19:45
Any views on trading update Korandpuss / nickrl

At least the debt is longer term than some

Total
facility
Year of maturity Facility type GBPm
----------------- ----------------------------- ---------
2023 Revolving credit facility(1) 100
2027 Bonds 290
2029 Term loan 135
2030 Term loan 130
2031 Bonds 285
2035 Term loan 120
----------------- ----------------------------- ---------

hindsight
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older

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