ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

SHB Shaftesbury Plc

421.60
0.00 (0.00%)
19 Dec 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 551 to 575 of 725 messages
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older
DateSubjectAuthorDiscuss
27/12/2020
19:20
nickrl, I ask many people if they are likely to return anytime soon to a 'night out in the West End', O.K. subject to COVID restrictions.

It is interesting, most say they had already been put off by poor value. O.K. the tourists will eventually return.

I think rents (A3, plus retail) in Shaftesbury territory will eventually halve (a major generalisation)to bring back some value so that tenants will no longer be working for the landlords and the punter will not get completely fleeced on his or her night out.

The fall out of COVID will take some time to be fully reflected in valuations. I can also see office rents in the Central area of London plus the City being very weak for quite some time. Do I think they might halve - possibly.

I look at a City firm of lawyers I know well. They would like to reduce the space they occupy by 50%. Who is going to fill that vacant space?

The only good think for values is that interest rates look like they might stay low for the foreseeable. Don't completely write off inflation one day coming out the box like a jack in the box.

konradpuss
27/12/2020
18:46
As with many lockdown impacted stocks, the market is forward looking atm.

Yes the recovery will be multi year.

SHB perhaps one to look at on a bad day.

essentialinvestor
27/12/2020
18:07
Konrad we are likely to get a Brexit and Oxford vaccine boost this week and historical the market trades up well on thin trading over Xmas / New Year sessions so suspect it may go higher yet. My view is its overrated as well but optimism is carrying the day currently but my take is SHB tenants are significantly impaired with lower footfall baked in for a few years and with there move to t/o rents will see income depleted for sometime. Can't see a divi in 21 either for me its a potential spread bet opportunity
nickrl
27/12/2020
17:33
Essential, the recent share price up tick makes no sense to me after the recent results.

I guess 'the market' is looking at the future more optimistically than me.

konradpuss
27/12/2020
17:05
Start of a strong recovery from around Q4 2021 ?.
essentialinvestor
15/12/2020
20:57
Two takeaways for me in respect of these results.

!. They still think there is a substantial reversions in the portfolio - dream on.

2. Virtually nothing let in the second half of the year.

I am sorry to say much more pain here despite vaccines etc.

The West End got priced for perfection. The tenants were just working to pay the rent.

Times are achanging.

konradpuss
15/12/2020
14:17
Hi Nick, thanks for the summary.

To answer your question, only partly.

With their other institutional holders raising further cash, if needed,
should not be an issue. Far from ideal though as effectively it means
further NAV dilution.

essentialinvestor
15/12/2020
11:34
Results out today and watched presentation. My takeaways

- no surprise NAV down 18%
- only collected 53% of rent and that's flattered by taking 12% from rent deposits
- 25% written off with 9% deferred but no certainty of full recovery
- minimal impact from CVAs and administrations
- vacancy rate 10.2%
- tenants walking away at lease breaks/renewal
- high levels of resi vacancy due to overseas people leaving
- expect to burn through £45m in 2021
- interest waivers in place for 2021
- lowered ERV but still plenty to go for

CEO was bullish to be expected but the FD less so Short term it will tread water imv and even as the vaccine works its way through society there is still the cloud over international tourism which will weigh on this all through 2021.

It is now well funded but is probably the most philanthropic of all the REITs with its tenants but it really has no choice as the area is nothing if its full of voids.

Is it only CAPC interest that is keeping it propped up though?

nickrl
22/11/2020
12:56
My modest holding entitled me to 26 new shares. I applied for 250 and appear to have got them all. Let's hope it's not throwing good money after bad!
buoycat
19/11/2020
21:33
I see C & C Plc have raised a bond on part of their Shaftesbury holding.

Don't they get it? Buy something clever with cash and avoid debt. Why did Shaftesbury raise money recently - guess what, too much debt.

Sorry to say next year will be super tough and cash will be king.

konradpuss
19/11/2020
16:11
Average cost is looking good after today... one to sit on now for three years
dartboard1
19/11/2020
14:38
I was thinking broker had made error, thanks for posting. Got the standard few + 60% in the excess application. The news release read alot less, imagine other holders in the nominee didnt apply.
hindsight
19/11/2020
14:14
well that is a v pleasant surprise
Asked for 7000 and got 3421!

The balance of subscription monies has yet to make an appearance though....

phillis
10/11/2020
17:35
Doubt will get much oversubscription allocation in the OFS now
hindsight
10/11/2020
09:41
with results of Offer for subscription at £4 to come - maybe
phillis
09/11/2020
20:37
For once in my life in on the ground floor.

Got really cheap due to COVID .

Filled my boots today and now ready for the long recovery.

Don't care it is takes 6 months or 6 year.

Once in lifetime opp today. I hope everyone on this board took full advantage

undervaluedassets
23/10/2020
11:03
Philis, I don't drink regularly due to health, so you are probably
asking the wrong person!.

In my local area the Flintgate in Oatlands, Weybridge has a good reputation.

essentialinvestor
23/10/2020
10:22
Essential

Which is your local pub of choice

phillis
22/10/2020
21:38
EI my sentiments exactly that moratorium extension is almost inevitable with Tier 2 & 3 areas growing daily now along with increased costs to support staff. Its clear that restrictions even when imposed are having limited, if any, impact so this situation can only resolved by a national lockdown. Problem is govt continues to believe there are silver bullets to this situation and have learnt nothing from March by continuing to be reactive after the horse has bolted. So there is no way now the country we will be back to Tier 1 by Xmas so December becomes March and probably June 21 before moratorium is relaxed. The only saving grace is currently majority of landlords and tenants have come to agreements so unless tenants start reneging rental income shouldn't be majorly impacted, unless t/o linked, but how long before recessionary impacts start to inflict the property market im not so sure. Trading the pull backs feels an appropriate strategy but even there you can be badly caught out by an SHB type cash call who clearly thought the banks wouldn't stand behind them.
nickrl
22/10/2020
21:24
konrad, good call here, meant to mention earlier. Well done.
essentialinvestor
22/10/2020
19:39
I'm not tempted to buy back in, at least at this stage.

New restrictions are paving the way for a moritorium in place well in to
next year. Overseas tourism is still dead and now new tiered restrictions are in place,
with another possible national lockdown on the way.

The short term buying case was predicted on availability of a viable vaccine or virus burnout.

In early summer an expectation that life could be back to normal (or normal/ish) by Q1 2021,
now looks perhaps Q3 2021 - hopefully that won't be too optimistic as well.

essentialinvestor
22/10/2020
19:24
hindsight, a vaccine, now there is optimism.

Just listen to the 'Doc' on with Boris and the Chancellor today. Boris was 'biging' up the hopes of a vaccine and the 'Doc' poured cold water on it.

Sorry to say even if there is a vaccine, the old and sick will get it first and most other when offered will refuse it.

The management need shooting at this company.

If I owned the shares I would not go near this rights issue.

Going to £2.00 in my humble opinion.

konradpuss
22/10/2020
12:28
To be honest SpectoAcc, I dont think anyone knows, least of all me, all down to vaccine trial outcomes
Yes spoint for choice which good as allowed diversification

hindsight
22/10/2020
12:13
Suspect that's a good buy @hindsight, well done - not in here, and may yet buy CAPC instead. If a merger is going to happen eventually, they'll be the ones in the driving seat.

Massively spoilt for choice with REITs atm tho.

spectoacc
22/10/2020
09:00
Yes got the 450p for 413p, seems to me the two large holders are taking 75% of the rights in effect
hindsight
Chat Pages: 29  28  27  26  25  24  23  22  21  20  19  18  Older

Your Recent History

Delayed Upgrade Clock