foolish learner
11 Nov 2016
should be good news This looks positive so hoping buyers read across to BLND and their price rises to cover some of my losses. Staying a holder as the divi is acceptable and the price will rebound at some stageDerwent London record lettingsStockMarketWire | Thu, 10th November 2016 - 07:44Derwent London reports record lettings despite uncertain market conditions.Lettings have now surpassed the full year 2015, with 495,300 sq ft in the year to date securing £28.3m per annum of rental income.Other highlights:* On average lettings have been 6.9% ahead of December 2015 ERV* £11.6m of lettings were in H2, at an average level 2.8% ahead of June 2016 ERV ......
triceratops
31 Oct 2016
Good value I've bought these the last couple of weeks for an average of a smidgen under 600p.They are trading back at the levels they were at the beginning of 2013 so unless London property is going to fall 20%+ these seem to be good value at these levels. I'll add some more if we dip back down to 550p.5% yield is not to be sniffed at either.Tops
aspace
21 Sep 2016
Re: BLND price to NAV
gamesinvestor
14 Sep 2016
Re: BLND price to NAV
gamesinvestor
14 Sep 2016
Re: BLND price to NAV
old_punter
28 Aug 2016
Re: BLND price to NAV <=0.8 Agree nobody knows the current NAV but one has to make a judgement on whether the share price is likely to have discounted whatever the reduction might be, talking my book but I will be surprised if the current 660p is not taking a too gloomy view so one should probably buy or at least hold, and there is a decent yield of over 4%.
aspace
27 Aug 2016
Re: BLND price to NAV
Rhigos
26 Aug 2016
BLND price to NAV
old_punter
20 Aug 2016
Re: previous post The price target was revised down to 550p, not too far from 570p, but well below current price of 647p at which by the way forecast yield is 4.5% which is a plus. Savills recent interim statement makes the point that with interest rates so low commercial property remains an attractive asset class for investors given current yields. That makes sense to me and, if so, why should London commercial property values fall as far as Jefferies must assume to justify a 550p share price?Of course DYOR, I am a holder of BLND so talking my book.
old_punter
20 Aug 2016
Jefferies revise target price from 570p to 550p Mike Prew their analyst is respected and the above looks to be the reason for the share price weakness last week. Haven't seen his latest comments but in July he was saying nobody knows how to value a City office block until we know what form Brexit will take and that could be a while. Fair enough but isn't the current share price of 647p more than discounting this and whatever decline in prices there seems to have been post the vote, not seen anybody suggesting more than single digits. Before the vote Peel Hunt were forecasting NAV at 957p for March 2017.What do others think?
old_punter
15 Aug 2016
Re: Directors Sales Games,The RNS doesn't say the sales by directors of a bit under half of the shares awarded under a LTIP were for tax but another award under a MSP a few days earlier said the sales again about a half were to cover tax liabilities, so reasonable to guess the later sales were for the same reason. So holding my shares but if you are right and the shares get down to 600p or lower I shall probably add although, at the moment, I see rightly or wrongly more short term upside in MCS.
gamesinvestor
13 Aug 2016
Directors Sales 05-Aug-16 British Land Company BLND Roberts,Timothy Andrew 37,499 @ 6.66p £249,668.3405-Aug-16 British Land Company BLND Grigg,Chris 70,586 @ 6.66p £469,961.5905-Aug-16 British Land Company BLND Maudsley,Charles 37,499 @ 6.66p £249,668.3405-Aug-16 British Land Company BLND Bell,Lucinda 30,772 @ 6.66p £204,879.98Looks a little more than a tax cover -- although not checked.I think they may be looking for this to fall well below 600.Games
old_punter
06 Aug 2016
Re: Return to an old favorite Can't disagree with buying at 619 and selling at 670p, maybe you will get to repeat the trick. I like buying property assets at a discount, problem is of course nobody is too sure what the current NAV is post Leave vote although the company has since come out sounding fairly upbeat about its prospects.FWIW I think the gap is just too wide at c30% between what prospective NAV was reckoned to be before the vote (957p for March 2017 from Peel Hunt in May 2016) and the current price of 665p. A 4% yield is not bad and I can live with that (assuming it gets paid) if I am wrong and the shares get cheaper in the meantime in which case I may buy more.
Damp Seaweed
30 Jul 2016
Re: Return to an old favorite long @619p========== ====Sold @670p.~7.5% (+divi) return over <6 weeks.Just feel that yield is insufficient viz risk in current climate.
old_punter
26 Jul 2016
Possible bid interest An old fund manager friend told me he thought a $ investor could be interested in acquiring this given the bonus of £ depreciation, and I saw the same point made in a Numis investment trust review, not instancing BLND but making the general currency point. A long shot but nothing in the price for that possibility.
