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
  -7.00p -2.40% 285.00p 282.00p 288.00p 290.00p 282.00p 290.00p 27,022 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 27.5 6.7 12.7 22.4 151.51

Town Centre Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
18/12/2017
09:02
jonwig.you are quite correct.the buy price at Friday close was 273 and with no trades this morning you cant buy below 281.5
manrobert
18/12/2017
07:17
manrobert - yes, strange price swings are common with this company. Whatever the share price, they are pushing ahead with development in Leeds. Partnership with the Council will help. They say they are "working with aparthotel operators", which seems a bit ambiguous - develop then sell, or sell and develop? https://www.investegate.co.uk/town-centre-secs---town-/rns/investment-in-new-development-scheme-in-leeds/201712180700035633Z/
jonwig
17/12/2017
13:36
veryse nsible.think present price is very attractive and may buy more next week.
manrobert
17/12/2017
13:22
4% yield - increasing dividend = long term hold. I ignore any price moves which are not news based.
peter27
17/12/2017
12:03
fairly light trading but only about 20% in private hands and low free float.dont see any concerns with trading.
manrobert
17/12/2017
10:44
Wtf happened to share price? Any info guys?
retsius
08/12/2017
08:14
i find it often does with this share.
manrobert
07/12/2017
11:42
xd 8.25 today. Has the market forgotten?
jonwig
30/11/2017
06:36
1pvh - no, it was about three years ago that I went - just the once. It was uneventful.
jonwig
29/11/2017
23:18
Just wondered if anyone on here went to today's AGM?
1pvh
18/10/2017
17:20
inki - yes, he's been keen for a while (starting from a much lower price than this).
jonwig
18/10/2017
14:27
This company is constantly being tipped by Simon Thompson in the Investors Chronicle (online again this week)summarised as a Medium Term buy.
inki
26/9/2017
05:59
The video from the ED event is now on the home page of: Https://www.equitydevelopment.co.uk/
jonwig
13/9/2017
06:21
FY results: https://www.investegate.co.uk/town-centre-secs---town-/rns/final-results/201709130700035561Q/ Discount to net assets seems to be a permanent feature (18% at present). Developing rather than renting tends to cause this, plus their high headline debt (though most of that won't cause concern for 13 more years). Increase in dividend welcome - yield nearly 4%. Car parks still a tiny part of the business, but a growing one. Good to see electric charging points on their premises. Strong hold, I think. EDIT: Liberum target price 340p.
jonwig
04/9/2017
13:10
if anyone in/near London wants to meet the FD, Mark is presenting their FY results at the next Equity Dev Private Investor Forum. Evening of Wed, Sept 20 at MHP / free to attend, register here: https://www.eventbrite.co.uk/e/equity-development-investor-forum-september-2017-tickets-37192632164?ref=ebtn
edmonda
07/8/2017
05:41
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
11:23
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
09:32
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
07:51
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
07:43
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
10:42
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
07:55
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
06:14
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
16/6/2017
23:12
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
Chat Pages: 3  2  1
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