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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -1.50 | -1.11% | 133.50 | 3,474 | 16:35:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 130.00 | 137.00 | 131.00 | 131.00 | 131.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 31.24M | -29.49M | -0.5614 | -2.33 | 68.82M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:33:55 | AT | 1,474 | 131.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 05/12/2023 | 10:38 | UKREG | Town Centre Securities PLC Results of the Tender Offer |
| 04/12/2023 | 16:39 | UKREG | Town Centre Securities PLC Timing of Tender Offer Results Announcement |
| 01/12/2023 | 14:49 | UKREG | Town Centre Securities PLC Result of General Meeting |
| 01/12/2023 | 14:40 | UKREG | Town Centre Securities PLC Result of AGM |
| 08/11/2023 | 12:55 | UKREG | Town Centre Securities PLC Announcement of Tender Offer |
| 18/10/2023 | 06:00 | UKREG | Town Centre Securities PLC Final Results |
| 14/4/2023 | 11:49 | UKREG | Town Centre Securities PLC Acquisition of remaining 50% of Belgravia Living |
| 14/4/2023 | 06:00 | UKREG | Town Centre Securities PLC Sale of part of Whitehall Riverside, Leeds |
| 28/3/2023 | 06:00 | UKREG | Town Centre Securities PLC Change in notifiable holding by Directors of TCS |
| 09/3/2023 | 07:00 | UKREG | Town Centre Securities PLC Half-year Results |
Town Centre Securities (TOWN) Share Charts1 Year Town Centre Securities Chart |
|
1 Month Town Centre Securities Chart |
Intraday Town Centre Securities Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 05/12/2023 | 15:00 | :::: TOWN CENTRE SECURITIES :::: | 363 |
| 02/3/2016 | 23:21 | *** Town Centre Securities *** | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2023-12-07 14:33:55 | 131.00 | 1,474 | 1,930.94 | AT |
| 2023-12-07 14:33:55 | 131.00 | 2,000 | 2,620.00 | AT |
| Top Posts |
|---|
Posted at 07/12/2023 08:20 by Town Centre Securities Daily Update Town Centre Securities Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker TOWN. The last closing price for Town Centre Securities was 135p.Town Centre Securities currently has 52,531,000 shares in issue. The market capitalisation of Town Centre Securities is £68,815,610. Town Centre Securities has a price to earnings ratio (PE ratio) of -2.33. This morning TOWN shares opened at 131p |
Posted at 20/11/2023 17:31 by londonbus @castlefordtigerYes: hxxps://s3-eu-west-1 Now, we know the value of the portfolio will have declined since 2022 - but not that much. I'm holding and will buy again after the tender off has gone through and the share price has fallen back. |
Posted at 18/11/2023 18:00 by bouleversee I won't be taking up their ludicrous and opportunistic tender offer which would leave me with a loss of around 50% after holding for many years. I shall hang on in the hope/expectation of a Hotel Chocolat type offer. I intended to buy those while they were low but never got round to it. For all we know they may have had an offer already. The UK market is generally low at the moment but won't stay that way for ever. It wouldn't surprise me if the share price rose above the tender price before the meeting to approve the offer takes place. Has anyone seen anything in the press about this offer? Haven't seen anything in The Times but I suppose that could be because it hasn't been approved yet. |
Posted at 08/11/2023 22:21 by spob If someone offered to buy TOWN for 145pI am sure the board would decline |
Posted at 08/11/2023 22:15 by spob .They can stick their tender offer where the sun does not shine A tender offer should be much closer to NTA per share (around 284p) This derisory offer is 49% below NTA |
Posted at 18/10/2023 07:01 by battlebus2 Results as I expected. Loss per share of 60p due mostly to downgrade of valuations like I said earlier. NAV still 291p and the business is doing well. Dividend maintained. Happy to hold. |
Posted at 27/9/2023 19:20 by londonbus Can't see anything floating round.Price still falling.... |
Posted at 15/9/2023 09:58 by 1tx Higher interest rates will affect TOWN to the extent that increasing rates are damaging property values;however they will not cause material increased costs as almost all current borrowing is now covered by the outstanding balance of the 5.375% TCS First Mortgage Debenture 2031.For the first time in years its rates are competitive!Whilst TOWN is trading at a huge discount to book NAV.The problem I can't really work out easily is if the company is able to make a worthwhile profit at net rental income level.Its costs/overheads seem to be considerable and little is left to pay a sustainable property based income.Perhaps the development part of the portfolio is a drag on profitability & increases costs.Without a return to previous dividend levels I think an increase in valuation is unlikely. Incidently I noticed that an associated outpost of the TOWN empire listed Braime Group PLC;a specialist engineering group whose HQ is an impressive brick building on Hunslet Road,Leeds is reporting record profits.TOWN own 15% of voting shares(BMTO) & over 20% of the more numerous non voting shares (BMT).Their holding is worth around £5m.TOWNs shares are held under a nominee account. |
Posted at 13/9/2023 15:54 by londonbus Yep - the discount gives a "Margin of Safety"Price down again. |
Posted at 06/9/2023 19:35 by londonbus @castleford tigerThe small cap nature of TOWN makes it unattractive for traders - which provides a further discount. They'd be more interested in the likes of British Land. Suits me - will keep buying. |
Posted at 06/9/2023 13:04 by castleford tiger Nicholas306p 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 |
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