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TCSC Town Centre

303.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Town Centre LSE:TCSC London Ordinary Share GB0003062816 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% 303.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Town Centre Share Discussion Threads

Showing 101 to 124 of 425 messages
Chat Pages: Latest  5  4  3  2  1
DateSubjectAuthorDiscuss
12/6/2007
15:47
Chairman2
Leeds Coucil website is usually of interest

inki
11/6/2007
09:35
inki

thanks for the update

one last thing do you (or anyone else) have local
knowledge of Leeds developments etc?

chairman2
10/6/2007
22:44
This company is continually buying back shares for cancellation, making the free float out there reduced. Hence the price is becoming more volatile when there are any moves. Most moves have been insignificant in size but the share price has reacted disproportionately. The shares are substantially 'family controlled' hence as director/owners they would not be buying in shares if they did not feel there was substantial value in the underlying assets (ie: current developments are assets which do not necessarily have relevant values for a balance sheet).

I wish I could give Chairman2 in post 86 a breakdown of shareholdings. I have worked on this on various occasions, but because of cross-shareholdings of directors/trustee positions which I suspect may exist, a lot would be pure speculation. REIT status is highly unlikely (with individual shareholders 'entitlements' already exceeding 10%) despite the courteous observance that is shown as acknowledgment within the financial reports.

Property in general is for the long term. A commercial development company is even more so orientated.

Dividends may be a positive for REITS, but this company has substantial development potential.

inki
07/6/2007
09:56
Yes I am a holder - I basically have a hold portfolio of dividend
shares.

When I first bought I thought this would be a candidate for
conversion to REIT. But now I see with family shareholders
in the driving seat they would have mised motives about
paying for the conversion charge (out of their own pockets)
They would save the income Tax loss on their conventional
dividend (10%) as REIT divis are gross - but that may not
be an attraction to them.

Unfortunately bigger issue is property is a sector very
much out of favour this year but it will turn - every dog
has his day - eventually

chairman2
07/6/2007
09:34
Are you a holder Chairman? Its been a good dividend stream this year and seems to have a very strong balance sheet. I wonder if refusing to join the REIT game has been a smart move?
ladywormer
07/6/2007
09:11
Lw - neither do I not being based in Leeds
I dont even have the local goss which I would
like to have. But its good to see someone is
watching the share price as well

chairman2
07/6/2007
08:19
I am but there is so little information/interest in Town Centre - I don't have anything to post!
ladywormer
06/6/2007
16:14
Is there no one else other than me watching this?
chairman2
21/5/2007
15:09
Has anyone got up-to-date figures for
the connected parties shareholdings??

After all the share option and buyback
transactions of the past few months I
have lost track and cant seem to find a
source for the data.

chairman2
10/4/2007
11:45
apologies inki

re REIT status

just seen your post of last March (2006!)

but are you right?

chairman2
10/4/2007
11:43
I wonder is there any move by the family to convert this into
a REIT? with a decent yield there ought to be some advantages
in getting divi paid tax free if any of the shareholdings are
held in tax free funds (SIPPS, chairtable Trusts etc.

Of course there is an entry charge in real cash to Gordon the menace
and there may not be the cash or stomach to pay it.

anyone know or have an inside view?

Thanks

chairman2
10/2/2007
12:38
See AFX 9th December below
Major Retail Scheme: Award of Planning Permission

Hammerson plc and Town Centre Securities plc's plans to regenerate a major site in the centre of Leeds have taken a step forward with a resolution passed by the council to grant outline planning permission for the development.

The 100,000 m² retail-led scheme, which is centred around the Eastgate & Harewood Quarters of the city, is to be developed in a 90:10 joint venture between Hammerson and Leeds-based property company Town Centre Securities. The scheme will be anchored by a 24,000 m² John Lewis store and will include over 100 retail units, restaurants and bars, a hotel, office accommodation, up to 600 new homes and 2,700 associated car parking spaces.

Hammerson and Town Centre Securities submitted a planning application in July 2006. The decision to give the scheme the go-ahead has been made by Leeds City Council following detailed consideration and an extensive three-year public consultation programme. A development agreement for the scheme was signed with the City Council in December 2006.

It is anticipated that construction of the Eastgate & Harewood Quarters will begin in 2009, with completion in 2012. The total cost of the development is estimated at £675 million, of which Hammerson's 90% share would amount to £610 million.
John Richards, Chief Executive, Hammerson plc, commented:

"This is a significant milestone for the Eastgate & Harewood project. We look forward to working closely with the Council and with our joint venture partner, Town Centre Securities, to bring forward these exciting proposals."

Edward Ziff, Chairman and Chief Executive at Town Centre Securities plc said:

"This is great news for Leeds and we are very pleased to receive the backing of the City Council for this important project. The regeneration of the Eastgate & Harewood Quarters will bring a rundown area of the city into public use, by providing a fantastic living, working and recreational environment which reflects the needs and aspirations of the people of Leeds."

inki
08/2/2007
16:47
Thanks both for your helpful comments. You seem to have been following this one for sevral years, inki.
johnalbertthomas
08/2/2007
13:22
Trading here is limited due to the lack of liquidity in the stock
The price movement in the short/medium term is really unrelated to financials,but stock liquidity.
The majority of the stock is held by director/families and institutions.

inki
08/2/2007
10:56
Post removed by ADVFN
Abuse team
08/2/2007
10:27
You shouldnt take PER on TCSC at face value John. Included within TCSC profit is revaluation gains. Those have been pretty big over the last few years. NAV is the important measure for property companies. I picked some up a few weeks ago for a trade around 550p and sold out at 598 on Tuesday. It does move around a lot and there are plenty of opportunities to trade in and out of the stock.
nickcduk
08/2/2007
09:22
Can anybody tell me what is going on here? This was strongly tipped in Dec by Momentum investor at about 650p -- and has since dipped an now pulling back up. Something to do with interest rates? Why is the Per so low, or this typical for this kind of business?
johnalbertthomas
22/9/2006
15:24
Lots of small trades today. Is someone out there tipping this stock ?
inki
22/9/2006
15:24
Lots of small trades today. Is someone out there tipping this stock ?
inki
30/6/2006
20:45
why so little info/comment on this companies thread?
adelwire
12/6/2006
07:30
Results out today from estate agent Farley&Co.

I mention it here because until recently Farley was a single-shop estate agent in London, but is aiming to expand nationwide - with E.M.Ziff as its ceo/chairman - the same E.M.Ziff who is ceo/chair of TCSC.

m.t.glass
22/3/2006
16:57
Interesting price movement.
As the family holdings each exceed 10% there is little likelyhood of it becoming a REIT.
Alternatively as it is likely to be excluded from joining the party, perhaps a privatisation is now more likely.

DYOR

inki
21/3/2006
17:57
Post removed by ADVFN
Abuse team
21/3/2006
17:40
Someone has been having fun !
inki
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