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TOWN Town Centre Securities Plc

-1.50 (-1.11%)
07 Dec 2023 - Closed
Delayed by 15 minutes
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

Town Centre Securities (TOWN) Latest News

Town Centre Securities (TOWN) Discussions and Chat

Town Centre Securities Forums and Chat

Date Time Title Posts
05/12/202315:00:::: TOWN CENTRE SECURITIES ::::363
02/3/201623:21*** Town Centre Securities ***-

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Town Centre Securities (TOWN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-07 14:33:55131.001,4741,930.94AT
2023-12-07 14:33:55131.002,0002,620.00AT

Town Centre Securities (TOWN) Top Chat Posts

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

Yes: hxxps://

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 145p

I 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 tiger

The 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

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
Town Centre Securities share price data is direct from the London Stock Exchange

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