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Share Name Share Symbol Market Type Share ISIN Share Description
Town Centre Securities Plc 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
  0.00 0.0% 138.50 138.50 142.00 - 857 09:41:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 28.0 -24.2 -45.5 - 74

Town Centre Securities Share Discussion Threads

Showing 201 to 223 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/3/2021
19:34
I keep topping up
castleford tiger
24/2/2021
09:56
TOWN responding well to HY results! https://www.londonstockexchange.com/news-article/TOWN/half-year-results/14876120 NAV surprisingly only down 0.8% paying an uncovered interim of 1.75p (3.25p). Haven't got time now to read the whole report but still feel their disposal of the retail pk assets was an adverse move on long term income and they still have 10 years to run on the 5.375% debenture but did use some of the proceeds to buy some back but just short of £100m o/s this will weigh on costs.
nickrl
16/2/2021
10:27
Put on gardening leave with no new job announced, and no candidate lined up to replace him - seems very like a falling out. Question is, over what. Don't hold either, tho everything has its price.
spectoacc
16/2/2021
10:24
Interesting you rarely see the use of the word "gardening leave" to explain someone's departure but when the CEO also gives a glowing report on the individual contribution thats invariably code for a falling out!. Company is dominated by the Ziffs so Dilley doesn't fit in? Looks like he only had 3218 shares so if there going to take it private he wouldn't make anything. Don't own these and even at 60% below NAV can only see another write down at year end on the portfolio they own.
nickrl
16/2/2021
09:29
Gardening leave, hmm. "Mark Dilley commented: "I would like to thank Edward and the rest of the Board for their support and trust during my time with the Company. This is absolutely the right time for TCS to revisit its Board makeup and for me to consider the next stage in my career following the excellent and invaluable experience I have benefited from during my time at TC"
spectoacc
16/2/2021
09:24
Is this a dispute about his salary or something more sinister?
peter27
19/1/2021
15:47
The Ziff family would loose the REIT status if they chose or were in a position to acquire the company personally
inki
19/1/2021
10:51
TOWN rent collection out today and they've collected 76% at the cash level for this qtr. https://www.londonstockexchange.com/news-article/TOWN/latest-rent-collections-and-notice-of-hy-results/14831524 There forecasting 83% at the cash level ytd or 87% with deferrals. 5% in exchange for improved lease terms and 8% is o/s no some of it can pay but won't brigade. I like the comment "Premier Inn, owned by Whitbread Plc, unexpectedly paid only half of their rent due for the latest quarter, leaving £0.1m unpaid, without any agreement" Well trailed in the mainstream press they were going to do this! They sold several income producing assets last year so income is down several million but costs aren't. At the cash level be surprised if they will cover operating costs and interest (the debenture at 5.75% is a real drain) so nothing left for divi but we will see when half year results released on 24 February 2021. The Ziff family could have taken this at a low price but haven't isn't a good omen either and whilst its on hefty discount to NAV the interims we show another stepdown.
nickrl
30/12/2020
12:33
Https://www.bbc.co.uk/sounds/play/m000nzr1 The Bottom Line (BBC podcast) Commercial Property Wars Released On: 05 Nov 2020 Commercial landlords and tenants are at odds over unpaid rents due to the pandemic. Many retail, hospitality and leisure businesses are suffering acutely. Most have landlords who collect rent for their premises. In turn, many landlords have to pay interest on their loans to the banks. The pandemic is upsetting that delicate financial balance. It's estimated that billions of pounds is owed to landlords in unpaid rents. Threats of legal action against tenants are hitting the headlines. Just who should take more of the financial hit - commercial landlords or their tenants? Guests Edward Ziff, Chair and CEO of Town Centre Securities, a property investment firm Mark Dixon, CEO of international Workplace Group, which rents, develops and sublets office space and Charlotte Heyes, director of the small pub chain, Common and Co.
spob
30/12/2020
07:22
Many companies have been taken private for well below TNAV in the past
spob
30/12/2020
07:19
Why would they need to find £75-100m they already own most of the shares
spob
29/12/2020
14:04
what is latest asset value per share 292 at end of June We get currently just over 5% ( based on price as was 95p) tiger
castleford tiger
29/12/2020
14:01
To take it private they would probably have to find £75M to £100M - and that would be taking it at a steal. Someone lending would be taking on the gearing effectively, into consideration as well.
inki
29/12/2020
13:54
be difficult shafting long term holders at these silly valuations
castleford tiger
29/12/2020
13:43
Would the ziffs consider taking this private ?
spob
29/12/2020
13:18
Castleford - quite so - Banks have bigger issues than with TCS - Gearing is one issue, yet the Asset Value to share price is still relevant. There is a diversification factor here which should help the company survive. It will prosper if the country does.
inki
29/12/2020
12:27
A sale of any part of the group more than sorts out the LTV Banks understand property issues and are more relaxed. There is potential 100% gain here this year and by spring it will be too late to buy tiger
castleford tiger
29/12/2020
12:09
hybrasil my sentiments exactly but market is doing usual Xmas to New Year leap aided by Brexit and Oxford Vaccine as well and im tempted with a spread bet but timing it is key as its cost money to keep them open.
nickrl
29/12/2020
12:04
no chance of this failing. I bought 90k at under 100p and all in the drawer tiger
castleford tiger
29/12/2020
11:53
Its simply too highly geared for me. Look at their last report. They state there is december 2020 covenant and that there is a risk they may breach it. Remember Warner estates. They had lasted generations. This could go the same way
hybrasil
29/12/2020
09:17
Nice to see a jump here
playful
25/12/2020
13:01
Is this a buy now at 100p with Brexit done and things perking up possibly?
its the oxman
22/10/2020
14:06
COVID-19 Update - HTTPS://www.investegate.co.uk/town-centre-secs---town-/rns/covid-19-update/202010220700058363C/ ...Edward Ziff, Chairman and Chief Executive commented: "We continue to see a consistent and reassuring level of rent collection. To have maintained collection and deferred payment levels at 87% to date reflects the quality, uniqueness and diversified nature of our portfolio and the collaborative and strong relationships we have built in partnership with our tenants over many years. "I am also pleased with the significant and swift progress made on our disposal programme. £41.2m of sales since our June year end has allowed us to significantly reduce debt, lower the proportion of retail and leisure assets in our portfolio, increase financial headroom, and create greater flexibility for the future as we reset and reinvigorate the business."
speedsgh
Chat Pages: 9  8  7  6  5  4  3  2  1
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