Shaftesbury Share Discussion Threads

[cockneyrebel] 09/4/2009 14:22

Shorters about to get Shaftsbury'd?

CR

[cockneyrebel] 09/4/2009 11:54

About to break out of the downtrend resistance by the look of it - flies when it starts going.

CR

[fast investor] 19/3/2009 14:00

Yes and the Brokers are now taking a shine to the stock.....

Shaftesbury PLC

FORECASTS
2009 2010

Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Arbuthnot Securities
18-03-09 BUY 17.12 12.23 11.00 18.29 13.33 11.00

KBC Peel Hunt Ltd
04-03-09 BUY 9.99 7.21 8.80 11.99 8.65 8.80

Teathers
04-03-09 RED 16.69 11.98 11.38 18.34 13.50 12.15

Singer Capital Markets Ltd
11-02-09 UREV

2009 2010
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 16.90 12.10 11.20 18.32 13.42 11.00

1 Month Change 0.69 0.47 0.20 0.62 0.59 -0.06
3 Month Change 0.67 0.45 0.20 0.61 0.58 -0.06

Notes to forecasts
Where confirmed by brokers, forecasts for REIT's combine PID and non-PID dividends. Otherwise, they are excluded from consensus with a D flag


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -94.09% 1,232.34% 10.91%

DPS 78.27% 6.67% -1.79%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA £41.00m £47.88m £49.75m

EBIT £40.86m £46.34m £49.28m

Dividend Yield 3.33% 3.55% 3.49%

Dividend Cover 0.09x 1.08x 1.22x

PER 347.40x 26.07x 23.51x

PEG -3.69f 0.02f 2.16f

Net Asset Value PS 469.29p p p

[phillis] 16/3/2009 15:49

good retail sales in Central London helped by increased tourist traffic

[phillis] 11/2/2009 09:13

impressive IMS

[onehanded] 19/1/2009 13:59

Time to get in again. Dipped my toe in with 1k worth at £2.94, see what happens. Have more if drops to £2.80.

[onehanded] 16/12/2008 11:27

Sold stock that I bought a few weeks ago today at £3.75 mark, bank the profit for Christmas. Dont want to be too gready, still have a few left from a while ago, leave them to run.

[onehanded] 24/11/2008 14:32

Holding, have £3.50 as my next level pre Christmas. Results should provide that boost.

[void concept] 20/11/2008 18:05

Lovely. That's precisiely the right way to play this market. Quick and easy small turns on the stocks you know well. (And avoid letting the losses run!)

[onehanded] 20/11/2008 15:25

Did a quick buy rolling spread, opened and closed for £228.

[onehanded] 20/11/2008 14:53

Thanks picked up a bit cheaper, just will wait for the return. No mad rush but expect after results to pick up.

[void concept] 20/11/2008 10:30

Onehanded.....some excellent observations. And congratulations. I think you've just got your 2.88.

I too agree with the quality of this one. Indded I was amazed at the uplift from small fashion retailers the other evening whikst in Earlham Street (though also considered how many of these would be here in a year)

As for take over rumours I think it's a tad too early. I am aware of the press rumours: Mike Ashley, Nick Kemsley et al (thogh suspect this mob bought at the top) As for the really smart cookies I believe they are either sitting tight or buying bombed out debt.

With each day that passes I am amazed with the decreasing sentiment. So much apparant value but still the market falls. So maybe your averaging down strategy will work.....

[onehanded] 18/11/2008 17:01

Hi, thanks for joining the chat. It's holding £3 because this is the one of the best run companies.

Agreed that the downturn will effect it (in the price now) but the new leases are usually for at least a 25 year term. Supply of new restaurants, particularly in the West End, is limited by strict planning and licensing regulation. At the same time, there is an ever growing demand from experienced and enterprising operators to open new ventures to satisfy the increasing popularity of "eating out", an important element of any visit to the West End.

Anyone knowing the history of London knows the key areas for shopping and what makes London famous and these have them in the portfolio. Yes it will effect the top end but if the market looks ahead, this will and is a real steal for someone. Have a buy order in at £2.88, so don't mind a small fall to fill this.

[trader vics] 18/11/2008 16:46

yeah great sector right now..NOT!!

in my opinion, i'm afraid the market doesn't care what shb owns. amazing it's holding up at £3

[onehanded] 18/11/2008 10:56

Picked up a few at £3.07 today, could not help it! Results are going to be ok, better than expected but still showing a downturn. Tucked these away, have £2k left if if drops below below £2.88, next buy target for me.

The company owns many shopping areas- villages' in London's West End, including the Seven Dials area of Covent Garden, Chinatown, and the iconic Carnaby Street area.

Shaftesbury's business model is not merely about renting out space to retailers. It is choosy about which companies it leases space to, shunning high street chains.

It also takes a holistic approach to each of its locations, improving not just the buildings but the entire area, with the result being Shaftesbury is able to drive rent rates up.

[onehanded] 13/11/2008 12:06

If you wait too long you may find a bid rumour out. A lot of outsiders looking at the portfolio to pick it up dead cheap. Can't see it sub £3.

[void concept] 11/11/2008 18:14

Agree - though I'm holding off till sub £3 as i reckon it will be draaged down furtehr with sentiment.

I've never heard a bad word said about this one. All the top people in the trade rate the management - all fit and proper top toffs plus an amazing portfolio. Frequently used as an industry benchmark for professionalism and integrity.

[onehanded] 24/10/2008 10:59

This has reached real bargin levels, has to be the buy and hold.

[phillis] 21/7/2008 11:54

Laxey increasing stake. Expect some action by the end of summer

[onehanded] 12/6/2008 06:52

Directors buying, see the floor at £4, Well run company, being dragged down.

[onehanded] 05/6/2008 11:14

Expect another big rise in the coming months.

[phillis] 04/6/2008 09:43

Signs of life at last
A good one to tuck away

[onehanded] 22/5/2008 06:45

Keeping a eye on this too

[onehanded] 21/5/2008 07:28

Oh and results May 28th, not going to be the best but much better than thought IMHO