old_punter
18 Jul 2017
Re: Good value Games,Interesting comments and estate agents get gloomy when turnover falls, if you are talking about top end London resi, yes crazy valuations. As a holder of BLND I am only interested in commercial property values and rents and whether any decline, to date or more likely prospective, may have been over discounted by Mr Market, as some on this board including me think..Today's BLND's view that their shares offer better value than buying property is welcome, and Mr Market approves, not that he's always right.
Still learningafterallthistime
12 Jul 2017
Re: Good value Well, I'm not sure I agree with all of that. Resi in very expensive parts of London has been hard hit by Osborne's swipe, commercial property is very different. I work in both. £8.8bn was spent buying London commercial property in H1 2017, £4bn of which was Chinese. BL have improved their estate massively over the last 10 years and have a lot of stuff that suits foreign investors. it also trades at a big discount to NAV - I agree, it needs to, but that is baked in. It also has long leases, tenants can't just walk off. It is very hard to see London getting stronger, discount to NAV will narrow for sure, but I don't think there is anything off the scale that will happen to BL. I bought after Brexit thinking it would get a bounce, it hasn't.... I feel it might get a bounce at some stage. I think the market has it about right for now, balancing the discount, the yield and the quality. It is a reit, so not intended to shoot the lights out. GLA. SL
gamesinvestor
11 Jul 2017
Re: Good value "I reckon Brexit will be good for London and UK property values"Old - If anything I'd discount Brexit completely it's not the factor that's having the adverse effect on the property values in London - that are falling and have fallen quite a lot.I have a couple of friends who work the areas of Belgravia, Knightsbridge, Maida Vale and MayFair. Without exception their view is that the London property market is dire.The independent practice in Belgravia has one of the most recognised names in the area running it (his local nickname is indeed Mr Belgravia).His view is that the market which was already slow, died immediately after Osborne introduced the punitive stamp duty at the top of end (including property bought through a business front) and has almost just simply stopped.Apartments for £24M (not high end for the area) suddenly incurred a £2M stamp cost and many investors have simply walked away from the prospect, figuring that such a large cost coupled with a super low yield, no longer justifies the transaction.He's moved from one large deal a month to 2-3 a year which is loss making for the practice.He also commented that the fall in sterling has not had the effect of foreign buyers loading up, but the opposite as they are unsure if they buy now, the sterling value against their own currency might fall further.Also, and probaby rightly so, as of a few months ago all trusts have to disclose the beneficiary to the UK land department before a transaction can take place, so it's no longer possible to keep anonymity from the transaction and ownership.The guy running the prestigious Knightsbridge practice also deals with prestige cars as a parallel business - he's all but shuttered the property agency - sold the premises (he was lucky enough to own it outright) and is making all his efforts and money on the cars.Games -- It's hardly surprising it's falling - the numbers are off the scale.
EssentialInvestor
28 Jun 2017
Re: Just climbed aboard XD tomorrow.I have also added recently and again today.Would like to see some of their smaller remaining retail assets sold,the retail portfolio looks considerably higher quality than 4/5 years ago.Strong Buy is on a longer term view, the current discount to NAV allows for a lot, all just IMV only, as always please DYOR.
sound money
23 Jun 2017
Re: Just climbed aboard Ha, Ha. Should be 6.22.M
sound money
23 Jun 2017
Re: Good value First purchase at £8.22.Fairly comfortable about the divi and a good level for capital appreciation.M
old_punter
22 Jun 2017
Good value Added today at 618p, vs Peel Hunt estimate of nav per share at March 2018 of 900p. Yield of 4.7%, nothing is safe but also going ex 7.3p on 29th June. I reckon Brexit will be good for London and UK property values, maybe after some nervousness, and if we instead end up with something close to status quo (I hope not) then no problem either. So a decent bet IMHO in a very uncertain market at this level given the discount and current yield.
trader jack
10 Jun 2017
Re: Just climbed aboard Should have added that I missed yesterday's lows but managed to buy in at 631.99p (635.54p after all charges.)
trader jack
10 Jun 2017
Just climbed aboard Took profits from another share holding where I still have a fair pile and decided to come aboard BLND.Good to see some familiar names, Hopefully this share can give me a reasonable return over the next 2-5 years or however long I remain with it.Regards to allTJ.p.s. if we really are to have a hung parliament why aren't the electorate all invited to Westminster to watch them all being st rung up one by one? Sorry if that offends anyoneBJ to replace TM??
EssentialInvestor
19 May 2017
Re: Results I also added today.BLND can move quickly in either direction, as most of us are aware.NED Buy also, as per the RNS.
Akis1999
19 May 2017
Re: Results US opens OK yet we are even more down than before. Has lost 5% in a week.
casabanker
19 May 2017
Re: Results I have taken the opportunity to double my holding in BLND today. No investment in stocks is without risk atm as the FTSE is close to its all time high. An investment here is about as low risk as you can achieve atm. imo. Casa.
Mr Jinks
18 May 2017
Re: Results leaving aside the upcoming political turmoil, GE and Brexit (who knows?) I'm encouraged to see the SP upward cross the 200 day SMA.IMHO cause for reasonable optimism
Akis1999
18 May 2017
Re: Results Well yes, but my opinion is you double down when there is a very significant fall, more than 5%. otherwise you wait to see what will happen. I can easily see the FTSE below, well below 7,000. That is the time to buy back in.
EssentialInvestor
18 May 2017
Re: Results I've continued to add slowly, UKX heavily off atm not helping.As mentioned yesterday my main concern is potential UKX weakness ratherthan BLND valuation, as current NAV discount already allows for a lot, just my take.
