Shaftesbury Share Discussion Threads

[nickrl] 09/5/2022 20:47

hindsight we won't get that detail until merger terms are agreed and put to shareholders. It will save the cost of one board but not doubt those going will all get severance terms so probably cost us more initially.

[hindsight] 09/5/2022 16:03

Yes storm on way EI, and inflation too for tenants. £ collapse may help on tourist side a bit Any one have an idea of potential cost savings or income improvements from the merger if it happened ?

[essentialinvestor] 09/5/2022 15:33

Now they need to navigate a coming recession - or something very close.

[davidro77] 09/5/2022 10:40

Even corporate action can't arrest the share price decline lol. Aren't these things generally supposed to realise shareholder value?

[konradpuss] 08/5/2022 20:36

Retire? the only way he will do that is with a huge 'package'. A bloated pair combining. If I were on the Shaftesbury board and I heard the word 'curate', I would fold up my papers and promptly leave. The only entrepreneurial deal either of these companies have done in the last few years is Earls Court. Cap Co, should have funded it properly like the buyers, Delancey and capitalised on it. O.K. both companies have excellent portfolios which could be run by monkeys.

[nickrl] 08/5/2022 20:06

At least media reports suggest Bicknell will be retiring

[sarcoline] 07/5/2022 17:51

Big Oz asset news imminent at CLON as early as Monday 7am. Price target....multibag.

[essentialinvestor] 07/5/2022 17:30

At last it's reportedly happening!.

[essentialinvestor] 02/3/2022 19:28

I'm not holding SHB atm as mentioned, have a small position in CapCo so keep an eye on this. Expect 2 will become 1 in time.

[konradpuss] 02/3/2022 19:25

Essential, our local Shell garage only sells electricity now. I must be sad as I own one of the first mass produced electric cars owned since 2000! A Ford Th!nk. Still very negative in respect of Shaftesbury. Now if they became a bit more entrepreneurial and got rid of the CEO.......

[essentialinvestor] 02/3/2022 19:13

Tell me about it Nick, I used to fill up with Shell V Power diesel, now it's the ordinary and 100 ml of additive. Cant justify the price.

[nickrl] 02/3/2022 19:00

EI if the current heightened energy prices get locked at these levels going to cause severe loss of disposable income. Diesel already at 1.57 round my area. Coal through the roof today at an all time high of $400 up a staggering 45% on the day and nearly 80% higher than previous peak. Expect another few hundred on energy bills next time they are reset thats if any energy supplier is left standing. Gloomy but could just as easily readily unwind if the mood music changes in Ukraine of course.

[essentialinvestor] 02/3/2022 14:56

Events of the last week are a headwind, disposable incomes squeezed further, may be fewer tourists just when a post covid recovery in numbers in its initial stages.

[phillis] 02/3/2022 14:52

but there wont be many Russian tourists visiting Covent Garden and Carnaby Street

[essentialinvestor] 09/2/2022 13:08

This area will never go out of fashion.

[phillis] 09/2/2022 12:56

I thought the art of investing was to buy good companies at low prices and lock them away Traders have a different view of course Mine are in a SIPP that will pass to my children

[essentialinvestor] 07/2/2022 12:33

I currently hold a very small amount of CAPCO - just for transparency, not holding any SHB atm. Monitor SHB as think CAPCO will ultimately bid. Appreciate the different views btw.

[skyship] 05/2/2022 09:41

EI - well, you know well my thoughts on SHB, so obviously I totally agree with david. Any upside here limited to the trading range; but essentially a downward trajectory as very small discount to NAV and no yield protection. Elsewhere in the sector 2021 provided enormous gains as valuations, yield compressions instigated great NAV recoveries - most now north of pre-pandemic levels. Still money to be made by switching from here to the likes of BREI & SREI: # BREI @ 92.4p - Disc. = 23.6% & Yld = 4.33% # SREI @ 55.10p - Disc. = 16.3% & Yld = 5.27% NB: SREI's keenly awaited Q4'21 NAV likely to be north of 69.4p, at which level disc. = 20.6% free stock charts from uk.advfn.com

[nickrl] 04/2/2022 14:02

On the face of it a pretty positive update on leasing activity and rental income. Bicknall previously promoted use of t/o rents but this is no visibility of how much NRI is under this arrangement. Also how much concession is being offered to seduce businesses in isn't clear. Mr Mkt not that keen on it today either but could be an entry point coming up as whilst I feel they are being tad over optimistic its not about to fall into a black hole like some dated shopping centre. Divi remains underwhelming should get an uplift but still won't make it and investable yield but this one is all about possible takeout although I still suspect a merger of equals would be better outcome.

[essentialinvestor] 04/2/2022 13:28

David, are you familiar with this part of London. It's not a shopping centre in Hull. Yes agree there is squeeze of disposable incomes in the year ahead.

[davidro77] 04/2/2022 13:16

Why do you say that? Sentiment has soured, the recovery is potentially in doubt and the mood amidst consumers has turned sharply lower. Retail is in trouble and footfall may likely fall again or stagnate. Where is the good news going to come from?

[hindsight] 04/2/2022 11:50

Imagine adjustments each way but atleast cash on hand rose Liquidity At 30 September 2021, available liquidity was GBP311.3 million (2020: GBP197.8 million) comprising GBP211.3 million of cash and our undrawn RCF (GBP100 million). Capital commitments to be funded from these resources totalled GBP18.8 million. -- At 31 December 2021: - Net debt: GBP740.9 million (30.9.21: GBP748.5 million). - Available liquidity: GBP318.9 million, comprising GBP218.9 million of cash and an undrawn revolving credit facility amounting to GBP100 million.

[phillis] 04/2/2022 11:13

time to get back in

[essentialinvestor] 24/1/2022 07:35

Hi Nick, I prefer Capco out of the two.

[nickrl] 19/1/2022 22:20

EI certainly above the trough now although I'd like some more transparency on how much rent is on t/o basis now and how its being evaluated for income purposes. The real turning point will be restoration of international tourism.