Share Name Share Symbol Market Type Share ISIN Share Description
Town Centre LSE:TOWN 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
  +0.00p +0.00% 308.50p 306.00p 311.75p - - - 7,357 15:40:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 26.3 11.9 22.4 13.8 164.00

Town Centre Share Discussion Threads

Showing 26 to 48 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
07/8/2017
06:41
One of last week's tips in IC. No startling new insights, and it hasn't appeared on the web version yet.
jonwig
24/7/2017
12:23
ST in IC has an update. Subscriber only, but here are a couple of snippets: ...Town Centre signalled a move into the private rented sector by retaining ownership of the residential development at Piccadilly Basin, Manchester, where it is on site with a 91-unit development, and has been giving planning permission for a further 126 units as part of a framework agreement that could see 850 units worth £250m being developed.... ... On a 20 per cent discount to forward NAV, against a sector average discount of 11 per cent, and offering a prospective dividend yield of 4.1 per cent, I rate the shares a buy. I think it's worth flagging the PRS development, a popular invetsment for institutions at present.
jonwig
20/7/2017
10:32
Yes, agree, car parks are a fantastic complimentary part of the business. I believe they used to operate them many years ago before selling them on. I've parked in the Merrion Centre car park that TC operate and it's 5star if there is such a thing for car parks!!
1pvh
20/7/2017
08:51
1pvh - thanks: duly corrected. Agree with your analysis. Also, I'm surprised car parks don't figure in more propco portfolios, as they're steady cash generators. If you go to Royal Armouries by car (how else?) you're tied into their exclusive rights.
jonwig
20/7/2017
08:43
Hi Jonwig. It's 357 a share not 257 as I'm sure you are well aware. Cracking company who have increased or maintained the divi over 50 years. Have looked at some of TOWNs properties in Leeds and Manchester and can see plenty of upside with the development opportunities. Bought more recently and have had them in the portfolios for many years. Steady core holding
1pvh
19/7/2017
11:42
Looking at the amount of development work going on, it could well be lower than 2016's 357.1p. It's not your typical REIT, but if you know Leeds and Manchester you'll see the comparative advantages to London and SE. House broker's target price is 340p. EDIT: 2016 NAV corrected.
jonwig
19/7/2017
08:55
Hi jonwig, Any idea what projected NAV will be? I'm a fan of solid property portfolios such as Assura, PHP, Real Estate Investors. Thinking of adding this or Civitas to my portfolio.
winsome
19/7/2017
07:14
Very positive trading statement for the year. Full results on 13 Sept. https://www.investegate.co.uk/town-centre-secs---town-/rns/year-end-trading-update---notice-of-results/201707190700034359L/ The share price has been range-bound for about 8 months. Would be good to see 300p broken.
jonwig
17/6/2017
00:12
The Queen has today made our Chairman an OBE...congratulations Edward! Jolly nice character too.
playful
20/3/2017
11:12
just bt 5000 @297
manrobert
27/2/2017
10:03
You are right there Eggb Market-makers not slow off the mark though
pillion
27/2/2017
08:25
Looking at the size and number of trades this morning, or at least the trades that are showing few people have been swayed by the MOS article.
eggbaconandbubble
26/2/2017
15:55
expect a good boost to price in the morning from tip in the mail on sunday today.their tips tend to be very effrctive.
manrobert
26/2/2017
11:33
Http://www.dailymail.co.uk/money/investing/article-4259880/Town-Centre-Securities-nurtures-profits.html
spob
24/2/2017
16:52
I was at the 2014 AGM and Edward Ziff could not have been more welcoming. He even brought my cup of tea over after the formal meeting. I think these sort of family companies are under the radar of most other investors but people like us are happy to be part of the family.
ladywormer
24/2/2017
09:31
This is a family controlled firm with 53% in the hands of directors (Telegraph 2015) inferring duplication of some holdings shown as non beneficial. (Trusts?) Seems that institutional holdings, what there is, is generally smaller holdings. This appears to be a REIT concentrating on basic dividend, which have been modestly increasing.
inki
23/2/2017
14:17
Chairman - I don't think I've ever looked at tis aspect! (Mea culpa.) It can't be described as other than a "family firm", of course - another reason for the discount. I do remember that Edward Ziff couldn't be bothered takling to me at the AGM I attended a few years ago (though he was very effusive to some others). Other directors were very welcoming and communicative though.
jonwig
23/2/2017
13:57
the opacity of the Ziff family makes this more like a family firm - the only purpose for the listing is so as to give an opportunity for managers to get share options and the resultant drag on the equity as they get issued as new discounted shares and then sold seems entrenched.
chairman20
23/2/2017
07:23
Half year report: Http://www.investegate.co.uk/town-centre-secs---town-/rns/half-year-report/201702230700096094X/ Nothing to get excited about, nor concerned about. Dividend and EPRA eps up a bit, NAV down a bit (Merrion Centre owing to 'a yield shift' ... would have liked more detail on that). LTV still at 50% probably explains the persistent discount to 355p NAV, though more than half of this is the 2031 debenture. Share price stuck for the past four months. I'm happy to hold for the hoped-for benefits of shift to 'the North'.
jonwig
14/12/2016
14:41
lck of institutional support odd for a propco. R they waiting for the funeral I wonder
chairman20
09/12/2016
08:48
"No no he's not dead, he's, he's restin'!"
jonwig
09/12/2016
08:39
PS. And the bulletin board is dead!
retsius
07/12/2016
16:59
Sold at a loss. Still good value but dead x div unless we see some upward movement. Spread would put off NT and stock is difficult to trade above a very small quantity. GLA.
retsius
Chat Pages: 2  1
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