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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
  -7.50 -1.2% 616.00 615.50 616.50 621.50 615.50 618.00 93,591 09:46:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 126.9 26.0 8.5 72.5 2,367

Shaftesbury Share Discussion Threads

Showing 351 to 374 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
26/6/2020
21:56
Konradpus, where does the 6% come from ? Risk free (gilts) have shifted from 1.25% to 0.5% 30 year so 3% is now paying 2.5% credit risk vs 1.75%, a 40% increase
hindsight
26/6/2020
19:06
How about a nightmare take? Now let's start by looking at the income in the last full years account - £98.00 million. That is before Bicknell and co. get their 'hands in the till'. Now how much does it cost to send out a few rent demands? The capitalisation yield they used for the NAV was 3% (roughly). Now let's sprinkle a bit of reality in the new 'virus' world here. £98.00 million x 6% = Capital value £1.6333 billion Oh! less the debt - 979 billion = .654 billion. Now there are 307.3 million shares in issue - NAV per share = £2.12 a share. Perhaps you can all check my math?
konradpuss
25/6/2020
13:42
Hi Nick, thanks for the view. Very grateful not to be in London today, hot enough in Weybridge!.
essentialinvestor
25/6/2020
13:27
Essential, its rent roll will be trashed this qtr but to be fair it has already acknowledged that there are tough times ahead. So it was disappointing that in the results they still put so much stall into ERV when in reality in the short to medium term that no longer has relevance. This business has running costs of c£32m and that's before they end with potential big rates bill for void costs. They are forecast 50% NRI reduction over the Mar/June qtrs but this will drag on for at least 12-18mths longer so i don't see them being divi payers anytime soon. As sub 500 beckons again worth a punt as CAPCO are now a likely interested party although would be better for both of them to do a merge of equals.
nickrl
25/6/2020
11:36
Hi konrad, what may be unsettling the sector is a growing realisation COVID looks hear to stay, at least for the remainder of 2020 and in to 2021. For a business like SHB, who's assets significantly benefit from tourism, that may paint a vulgar picture.
essentialinvestor
24/6/2020
19:02
I guess it is the negative about potentially how much rent will be collected this quarter day?
konradpuss
24/6/2020
14:50
CAPCO share price coming off sharply.
essentialinvestor
23/6/2020
16:31
Essential, I certainly will. Don't hold your breath! I was very lucky to get out at the level I did. It really was luck more than judgement. I just felt they were priced for perfection back in November last year. I sound like a real bear, however I would be very careful of DLN. The plus side is that they are no geared much. I just worry about the vacancies coming.
konradpuss
23/6/2020
16:11
konrad, please post when you buy back in, providing you do. Hoped to pick up some DLN lower down, hesitated with a purchase in mid May.
essentialinvestor
22/6/2020
20:43
Essential, I am sure sooner would have been the best bet. Oh! that is what I bet on! I am almost certain they will raise some new equity now. Bicknell will want to do what he did to Sammy. A nice private placing to dilute Cap Co.
konradpuss
22/6/2020
20:09
I think the share price is flagging a disaster of a June quarter day in my humble.
konradpuss
22/6/2020
14:57
IF SHB issue equity at some point to navigate this crisis, it will be interesting to see if sooner, rather than later was the better option (my guessestimate is sooner). Multiple companies used the recent equity market bounce to raise cash. * the FT article does refer to this Wednesday, apologies that was my misinterpretation.
essentialinvestor
22/6/2020
14:07
Ah right, this Wednesday.
essentialinvestor
22/6/2020
14:01
Essential 24th June is rent quarter day when demands issued should be settled. Expect RNS's to follow later in the week into next week The smart landlords will have been proactive with all there tenants from last qtr and the RNS's will hopefully be transparent about what accommodations they have come to so there can be better visibility on the impact to income over the next 6-18mths.
nickrl
22/6/2020
09:07
Article in this weekend's FT referring to 1 July as watershed Wednesday with some property companies expecting as little as 10% of rents.
essentialinvestor
21/6/2020
21:01
Deadly, I so agree about the funny money. What an experiment! It will end badly, mark my words. Nickrl, I wonder if Norge would push for such a merger? I guess they would to cut management expenses, however Bicknell will resist if he is not made CEO. Cap Co will not let that happen as they are probably in the better position so deadlock.
konradpuss
21/6/2020
17:03
Ok Konrad best of luck, I like a bit of healthy debate as you should always respect opinions. I do agree with you in the sense that in the next 6 months there should be more chance of the share price going down then up. Just hope any storms are weathered and what comes out the other side is better then before. Years ago all we had every decade was the usual boom and bust, but since the last credit crash world governments have down everything in their powers to pump printed money into economy and crash interest rates which has pushed asset prices up. With everything linked now like never before could world governments allow everything to crash like it use to in good old days or will everything carry on being propped up on funny money??
deadly nightshade
21/6/2020
17:00
Main concern in terms of sentiment is will virus cases begin increasing again as we approach winter. Hopefully this will not be the case, no one in their right mind wants that scenario. Unfortunately if you take an example of Florida, which went gung ho on reopening, virus numbers appear to be rapidly increasing again. SHB outlets significantly benefit from tourism. So this is a little more complex than an ordinary cyclical recovery.
essentialinvestor
21/6/2020
16:52
Oh! and where do I see Shaftesbury in three years time. No idea right now. It could range from a take over to a discounted rights issue or heaven knows a V shaped recovery with those reversions intact and Bicknell getting himself a big bonus! You pay your money you take your pick.
konradpuss
21/6/2020
16:49
Deadly, Cap Co are neither wrong or right currently. They have a non-exec. who was a very important and long serving director of Shaftesbury so he will have a good insight although historic. Cap Co also have a 'read across' from their Covent Garden Estate. I like a good margin of safety and I cannot work out if it is there right now. Ask me in six months. I might not get in at the bottom then mind.
konradpuss
21/6/2020
16:37
Also nick/Konrad what do you make of capc valuation of buying into shb. A lot of people say shopping / retail is hard to price due to lack of sales but by capc buying in the have nailed a price here so are you saying capc and their dd are wrong? Remember they bought their share right in the midst of covid some were aware of current situation
deadly nightshade
21/6/2020
16:25
Konrad where do you see shb in 3 years time? Surely if this catastrophe you are predicting does come then capc would be looking for a possible all share merger with some Megga assets?
deadly nightshade
21/6/2020
16:21
Nick it's swings and roundabouts 12 years ago when I was renting the tennets could call the shots as rents were low with plenty of choice, fast forward a couple of years and supply dried up and the demand force rent prices through the roof. It's the same with employment at the moment a lot of firms have had to make do with having to employ some right idiots due to shortage of labour, if this mass unemployment starts then firm will be able to cherry pick better qualified workers. The decent firm ride these peaks and troughs out and the badly run ones go to the wall
deadly nightshade
21/6/2020
15:30
nickr1 you make an interesting point about recognising the income however not collecting it. After September when they can then take tenants to court, I wonder what our illustrious audit profession will have to say about this. My view is that if the rent is not pursued then they will qualify the accounts if it is not written off. I am not an accountant mind!
konradpuss
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
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