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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
  10.00 1.59% 637.00 635.50 636.50 637.50 629.50 633.50 203,612 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 126.9 26.0 8.5 74.9 2,447

Shaftesbury Share Discussion Threads

Showing 301 to 324 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
11/6/2020
09:48
nickrl, I could not agree more - they should be talking - "maybe the portfolio is over rented now?" Would the self serving management say that? I think not.
konradpuss
11/6/2020
09:31
Konradpuss how they can talk about reversion when the ceo makes statements such as “Tenants may be needing support well into next year. The traditional lease model is falling apart.” “We’re likely to be supporting tenants, not just through lockdown but through recovery as well” " We expect to collect just 50 per cent of the total rent due between April and September" CAPCO jumped in too early as they will be in the same bloodbath but by next results reversion will be negative!
nickrl
10/6/2020
20:57
Well no rights issue - glad William Hill don't take bets on such stuff! However the real take away is that they are really struggling to collect rent. Surprise, surprise! Oh! and there goes Cap Co's paper profit. The management are still rolling out the same stuff (read bull s.h.1.t) about a 25% reversion. Madness!
konradpuss
09/6/2020
13:05
Konrad, generally speaking I would guesstimate some cyclicals are Ahead of fundamentals, even allowing for a forward looking equity market. Atm we have is a liquidity wave chasing finite assets. Now that may continue, or reverse to a degree. On fundamentals, the coming spike in unemployment may be underestimated. And possibly it's impact on corporate profitability.
essentialinvestor
09/6/2020
10:39
Covent Garden opening next week
phillis
08/6/2020
21:15
Essential - a paper profit! Let's wait for the results. A good friend of mine did an MBA with Sammy. He says he is very smart. He sold. He might have sold because he was very negative on the prospects. He might also have sold due to margin calls on debt. We might never know.
konradpuss
08/6/2020
12:54
Capco well over £100 million Up on their buy price, nice.
essentialinvestor
07/6/2020
21:28
Rent collection for the March quarter 60%. For the June quarter - much less in my humble opinion. Interestingly, I notice Jonathan Lane is a non exec. at Cap Co. so he knows much about Shaftesbury as he was one of the original founder directors.
konradpuss
07/6/2020
21:03
SHB are going to have to accept turnover rents for there F&B outlets otherwise all they will have is a big bunch of keys imo given tourism and home working will decimate footfall for around 12-18mths. These are the last to have not said anything on rent collection but at least have had most time to give a broader assessment on impact so lets see what they have to say next week although a lack of director buying is disappointing.
nickrl
06/6/2020
19:42
Comment in the I.C. today "Analysts at Peel Hunt see the transaction (purchaser of Sammy's stake by Cap Co) as a prelude to a merger, but warn that Shaftesbury's 20 percent share price premium to Cap Co could spell dilution." The half year results are out on 10th.June. I would put a few quid on a rights issue if William Hill would take it! I might be wrong mind. I would also put a few quid on the Shaftesbury (self serving) management resisting P.45's so would not agree to any take over unless hostile i.e. forced on them.
konradpuss
05/6/2020
20:55
Phillis, are you sure things will be back to 'normal' in the West End in two years. I am certainly not. The government have frightened the pants off most folk.
konradpuss
05/6/2020
13:57
Capco and SHB have a stranglehold on a valuable part of London Tenants come And go but the tourists will return Get in now for a two year play
phillis
05/6/2020
13:44
Think its pretty obvious tenants wont be paying much rent, question is how much will it cost to get to the other side. £50m pa ?
hindsight
05/6/2020
13:01
Mr Lee owns The Langham Estate so knows about tenant rent difficulty. I reckon he sold his stake in SHB not because he himself is in financial trouble but to get out before the share price falls and CAPC finds it has overpaid.
trcml
05/6/2020
09:25
certainly a nice short term uptrending chart but not likely to keep going too long . markets seem to have got ahead of themselves with lead market USA roaring and best not to argue with market and keep trading the trend .
arja
04/6/2020
20:31
I did say 'almost'! Yes, in the long run people will migrate back to Central London. It's just the interim that could be a 'killer' to many of Shaftesbury's tenants. More by luck than judgement Cap Co got away Earls Court just before the virus. I am sure that Delancy and its pension fund partner would have paid much, much less or probably not bought now. It a changed world as they say. Did you by at five quid? I did not.
konradpuss
04/6/2020
20:12
Do not feel sorry for them!. Look at it this way, worst case in 5 years there is perhaps 50% plus upside on their stake price?, within a couple of years SHB dividends may be paying interest on the money invested. That's outside the possibility of corporate action. Wall Street Journal also positive on the transaction fwiw. Capco imv are not trying to time an exact low. Opportunities to acquire a holding of that size are very few and far between.
essentialinvestor
04/6/2020
18:45
I was speaking to a property 'city solicitor' today. He was saying the March quarter was bad for Central London for his clients, he was predicting June would be a 'car crash'. One of his clients owns an estate in Central London valued at one billion. He is no piker. I do not think we saw the bottom at circa a fiver. I might be wrong mind! I still think a rights issue will be conjured up by the 'self serving' CEO. I almost feel sorry for Cap Co.
konradpuss
04/6/2020
07:51
Thank you. Am I right in thinking that a 'collector's premium' has been added to SHB's NAV? (As I recall, the reasoning that was that anyone buying SHB would get more than just the individual properties). In May 2017, it was reported that NAV rose to 912p, compared to 646p in 2007 just before the sub-prime crisis in mid 2008. I don't know what SHB NAV is now but CAPC buying in at a discount to share price when the latter itself is not a reliable measure makes me think CAPC are simply buying into a neighbour because that's closest to home.
trcml
03/6/2020
22:19
TRCML CAPC may have got some SHB assets on the cheap but how many of SHB tenants will be able to afford the rent is debatable. Furthermore given there highly leveraged to tourism my guess is SHB won't be paying out a divi anytime soon so this dead weight on CAPC. That said on a 2-5 horizon it may well be an opportunistic move on CAPC behalf.
nickrl
03/6/2020
17:31
I am trying to work out which company to buy into. I have knowledge of their respective properties. Would you think CAPC buying into Shaftesbury is a means to up the divi yield on CAPC's shares?
trcml
01/6/2020
19:09
Capco see value, however that could be a 3-5 year plus view.
essentialinvestor
01/6/2020
19:07
Wow! that will be a big hit. He must have been either under pressure from Mr.Bank Manager or he is extremely negative. Take your pick - mine is he was geared up to the eyes.
konradpuss
01/6/2020
12:34
Now that shows the advantage of Capco having sold that asset near the cycle top!.
essentialinvestor
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
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