Akis1999
18 May 2017
Re: Results Seems to me the market is seeing things a different way today.
EssentialInvestor
17 May 2017
Re: Results PER is usually pretty meaningless with commercial property imv.It's NAV, LVT and yield. You also need to take a view on the quality of assets etc,however quality is high with BLND on my take.
casabanker
17 May 2017
Re: Results BLND certainly looks oversold to me. I bought in recently at 658. The PER is about the same as the dividend which can be a red flag but it can also be a sign of undervalue. There is risk with BLND when cyclicality is considered but I think much of the risk is already priced in after this share's recent fall.Casa.
Akis1999
17 May 2017
Re: Results I have bought in at the level I sold at a month or so ago. Maybe I rushed ?
EssentialInvestor
17 May 2017
Re: Q3 Trading update Just reading that post and it's a pretty fair summation.Yes everyone should be aware of the cyclical element and there will be timeswhen the market is much more difficult.A near 30% discount to NAV with a falling LTV looks reasonable .We also had a rapid 10% bounce from recent lows which needs to be kept in mind today.I would be more concerned about wider UKX weakness and some of the pumped upratings of overseas earners, particularly with a recovering GBP. All IMV only.
EssentialInvestor
17 May 2017
Results Look reasonable to me, all be it couched in Brexit uncertainty going forward-it appears companies have to take this line atm.Discount to NAV appears to allow for most outcomes. LTV will be below 27%on the Leadenhall sale completion- that's the lowest LTV that I can remember for BLND,at least without checking.
Yee Wo
16 Apr 2017
Moneyweek 14 Apr pg 26 "The outlook for commercial property overall is not too inspiring, but some share prices have already adjusted for this. British Land (LSE:BLND) has overreacted, falling from a high of nearly £9.00 three years ago to today's £6.50-odds, representing a real discount of about 27% to the underlying net asset value (NAV). Management has reduced gearing prudently, and the 4.5% yield is not to be sniffed at."Begs the question why is the market attaching such an undemanding valuation to BLND?
old_punter
14 Apr 2017
Re: Q3 Trading update aspace,A good summary of the case for the shares, and the recent rise in the share price may just be some buying on realisation that the discount to nav has been too large. Unless there is something specific we don't yet know about. Shares still look very good value after the rise to 652p, the discount should narrow further in time.
steveggiles
07 Apr 2017
Re: Reason for Friday's sharp rise? The following came out a couple of days ago and the SP seems to have made positive moves since (but don't know if the two are related):[link]
old_punter
07 Apr 2017
Re: Reason for Friday's sharp rise? Now 646p, has been very strong last few days, why, haven't noticed anything to explain the rise.I have thought it was oversold and with a 4% plus yield one could wait for the discount to net worth to narrow. The other thought, a long shot but mentioned to me a while back by a retired fund manager, is possible bid interest from a $ investor/institution.
Rhigos
03 Apr 2017
Reason for Friday's sharp rise? In Zosia Wasik column in Weekend FT:British Land, was up 2.9% to 604.4p after the company announced that it had been given green light for the regeneration of Kingston town centre's Eden Walk shopping centre in West London.
Rhigos
31 Mar 2017
Reason for today's sharp rise? I note Barclays restating overweight view but that does not sound like it could be be reason for today's rise. Anyone got any ideas to explain rise today?[link]
aspace
14 Mar 2017
Re: Q3 Trading update "Let me know if you have some arguments that point out the flawed nature of what I wrote."OK Games. I'll pick up the gauntlet you have thrust down, and defend those of us who invest in property companies like British Land, against your ferocious onslaught!!! 
Having said that, I basically don't disagree with your premise anyhow. I invest in BLND and other commercial property companies as a way of safely diversifying away from my other industrial and financial investments. What I like about BLND and LAND and SMP and TRY is precisely that sentiment does go up and down. So whereas you say sentiment in London commercial property is currently bad, I see that as precisely a good reason to invest now. Hence I have been gleefully topping up and will continue to do so as my limited funds allow. And as for data, I also like BLND for the following reasons:* Approx 30% discount to net asset value. And that asset value includes no intangible assets. These commercial property companies are bricks and mortar with no funny accounting games going on (compared to say GSK and many others whose balance sheets are loaded with intangibles). * +4% dividend yield. Even though that may not be fully supported by rental income, and reliant on asset sales as you suggest, BLND have been in excess of 2.5% dividend yield for the past 9 years. * Their rental income stream is supported by long leases, upward-only rent reviews, rent paid quarterly IN ADVANCE, parent company guarantees triggered if the tenant goes bankrupts. * You been in any of their buildings? They're fantastic. * Even in the gut-wrenching Global Financial Crisis BLND's dividend was in excess of 1%. So I like 'em. Even though they're not the star performers of my portfolio.
foolish learner
12 Mar 2017
Re: Q3 Trading update GamesThanks for the link in the previous post it was worth the read (even better if I were an accountant with some inside information) even if it clearly says don't believe all you read on first viewingAs for BLND aren't they are a developer as well as a rent collecting landlord and overall profit/FCF with the ability to pay dividends being the keyPerhaps on this wet day I should be doing some comparisons with other like companiesFL
gamesinvestor
12 Mar 2017
Re: Q3 Trading update Andy, I'm sadly not a subscriber to Sharescope m8, I found this from a simple Google search and it wasn't restricted access.I used to be an investor in BLND -- if you look back through all the posts somewhere.I'm not investing, via equities, in property anymore and this is one of the reasons.I guess you disagree based on your response. Let me know if you have some arguments that point out the flawed nature of what I wrote which the article supports.Games
