Town Centre Securities Share Discussion Threads

[castleford tiger] 06/9/2023 14:04

Nicholas

306p value per share v 120p to buy..........

Dividend at 4% gives some return

Quite a bit of stuff remains undervalued
inflation at 10% will filter into prices sooner or later.

35p in the £1 is a very heavy discount.

I keep buying but the price falls.

Soon be £1

[nicholasblake] 05/9/2023 17:24

General UK commercial property malaise?

[castleford tiger] 05/9/2023 17:09

what keeping this down?

[boystown] 16/4/2023 23:20

So what's the PTBV here now - around 0.43 with a c.3% yield? So why the depressed price if they keep selling stuff above book?

And what's the endgame; i.e. what will it take to achieve a reasonable rating (i.e. beyond a generalised sector recovery)?

Or is it a complete value trap with the Ziffs at 55%?

[battlebus2] 14/4/2023 07:43

Good news this morning with completion of part of the Whitehall Leeds residential property sold at £13 million well above the book value of £10 million. 10 million will be used to pay down debt and the rest working capital.

[aringadingding] 09/3/2023 11:45

Maybe if that is how the market thinks they will decide it's not worth it and sell up

[nickrl] 09/3/2023 10:42

HY results out and had it not been for valuation drop they might have got LTV finally down below 40% with all the sales they've made. Divi isn't covered at the cash level but need to exclude the 0.7m the directors have received for the sale of "your parking" as thats a one off and its more favourable. Can't see much scope to improve the divi so yield remains wholly unattractive.

[nickrl] 05/2/2023 13:27

Looks like Ashley is after Luton Mall not sure it really helps here now as i believe its held off the books now but they are the centre managers.

hxxps://citywire.com/investment-trust-insider/news/sunday-papers-ashley-swoops-for-shopping-centres

EDIT: should have been posted on CAL

[battlebus2] 09/12/2022 16:58

Yesterday for 2.5p payment on January 6th I believe.

[retsius] 09/12/2022 09:20

is it x div today?

[castleford tiger] 28/10/2022 08:43

hxxps://www.thebusinessdesk.com/yorkshire/news/2101317-900-city-centre-apartments-set-for-approval?utm_source=newsletter&utm_medium=email&utm_campaign=Yorkshire_28th_Oct_2022_Daily


looking good

[castleford tiger] 20/9/2022 11:10

I suppose it takes all types?

[castleford tiger] 07/9/2022 18:25

Added several lots today

[andy246] 24/8/2022 11:55

Inki,
I haven't been told my allocation yet.
Also today is supposed to be the payment date for the tendered shares.

[binley1] 22/8/2022 16:52

I tendered all my holding and about 16% has just been credited to my account so I expect just under 85% will have been accepted for the cash offer at 185p

[inki] 22/8/2022 11:41

Does anyone know yet what their EXCESS ALLOCATION in addition to the guaranteed tendered amount that they have been allocated ?

[spob] 10/8/2022 21:04

offer price is around 180

so not much to earn

none the less

all irrelevant in the grand scheme of things


just waiting for the figures in september and thereafter

i'll be surprised if this remains listed for much longer

absurd discount to true NAV

[nicholasblake] 10/8/2022 18:08

If someone tendered a few and was able to top up its a nice little earner.

[linhur] 10/8/2022 16:47

inki

All smoke and mirrors as usual.

You will get all your guaranteed entitlement at 185p

Excess shares will be scaled back.

The unknown factor is how many shareholders did not take up their entitlement by abstaining completely. As the Concert Party did not participate that entitlement will not have been taken up. Difficult to see how many shareholders did not participate

linhur

[inki] 10/8/2022 14:44

Does anyone know the terms in the 'Tender' circular of the over-subscription allocation, supposedly 2.14 to 2.17. Thanks

[spob] 20/7/2022 10:20

Yeah, testing the market for dummies Lol

[nickrl] 18/7/2022 22:40

Spob the fact is they testing the market to see whose interested at that price and if they find willing buyers all the better for those that are remaining.