lambrini girl
17 Feb 2016
Re: NEW ARTICLE: Trends and Targets for ... 650 strong pivot..for a bounce/couple months...is this the bottom??..prob not..closerto £5 would be tempting theres better value elsewhereat moment..
MacPithy
17 Feb 2016
Re: NEW ARTICLE: Trends and Targets for ... Hi LambrinigirlLooks like your Bot's picked up on BLND being over bought despite brokers promoting a rise to the high 900's. This 20% drop to a reverse predicted Feb 2014 reserves a bang on.But where to now, a bounce back or continued decline or a period of level plateau at 600 ish?Got a new target?Regards JM
lambrini girl
16 Feb 2016
Re: NEW ARTICLE: Trends and Targets for ... oh dear..wots happened to all the smug bulls..I warned in 2014 this would be cheaper in 2016..BANG ON!!!
oldjoe1
19 Nov 2015
BLND, Broker BUYS..... BLND British land......Brokers Buys......British Land Co broker viewsDate Broker Recommendation Price Old target price New target price Notes18 Nov Numis Add 831.75 - 957.00 Reiterates18 Nov Exane BNP Paribas Outperform 831.75 990.00 990.00 Reiterates18 Nov Deutsche Bank Buy 831.75 1,025.00 1,025.00 Reiterates18 Nov JP Morgan Cazenove Overweight 831.75 1,000.00 1,000.00 Reiterates
oldjoe1
17 Nov 2015
BLND, BROKER NOTE....... BLND British Land..................[link] Hargreaves Lansdown COMMENT (17 NOVEMBER 2015)<b><i>Half year results from British Land, one of Europe's largest publicly listed real estate companies, saw management highlighting "strong occupational demand." The group signed 573,300 square feet of lettings and renewals in the period, with virtually its entire portfolio full given occupancy of 98.4%. For its Office portfolio, it let or renewed terms on 208,200 square feet of space - management noted "Across the Office portfolio, we are making good progress enhancing and enlivening environments, strengthening long-term demand for our space, and appealing to a broader range of occupiers." For its Retail portfolio, it let or renewed terms on 365,100 square feet of space, with performance aided by stronger markets and the quality of its assets according to the company.Highlights:European Public Real Estate Association's (EPRA) Net Asset Value (NAV) rose by 7.5% to 891 pence per shareUnderlying or adjusted profit before tax increased by 10.3% to £171 millionQuarterly dividend of 7.09 pence; bringing the half year to 14.18 pence (+2.5%)Chief Executive Commented:"We are reporting another strong set of results. In recent years we have positioned our portfolio to benefit from long-term macro trends. This focus has underpinned our performance in the last six months where we have benefited from strong occupational demand and a sound UK economy. Moreover our high quality portfolio and attractive and flexible development opportunities, position us well for the future."</i></b>
oldjoe1
17 Nov 2015
BLND, 934p SP Target... 17 Nov 2015 British Land Co PLC BLND Investec Buy 830.00 820.00 934.00 934.00 Reiterates
oldjoe1
17 Nov 2015
BLND, Excellent Performance...... BRIEF – British Land first – half pretax profit rises 10 pct17-11-2015 07:24Nov 17 (Reuters) – British Land Company Plc :H1 underlying pretax profit rose 10.3 percent to 171 million stgTotal accounting return of 9.1 pct for six months to Sept. 30, 2015 (H1 2014/15: 13.7 pct)Quarterly dividend of 7.09 pence; bringing half year to 14.18 pence (up 2.5 pct)Underlying profits were 10.3 pct ahead at 171 million stgTotal gross investment for six month period was 920 million stgSource text for Eikon: ... Further company coverage: BLND.L(Bengaluru Newsroom +91 80 6749 1136)[link]
oldjoe1
15 May 2015
Re: BLND About To Breakout.......... <b>Boom time at British Land</b>Lee Wild | Thu, 14th May 2015 - 12
6Property giant British Land (BLND) did exactly what was expected of it last year. Demand for commercial property is booming and net asset value (NAV) jumped by over 20%. A sharp rise in the value of its property portfolio helped generate a total accounting return of 24.5%, and growth prospects look underpinned by favourable economic conditions.NAV per share grew from 688p to 829p in the 12 months to 31 March, in line with market forecasts, as the value of properties on the balance sheet jumped by £1.7 billion, or 12.1%, to £13.6 billion.Low interest rates have fuelled the property boom, and there seems little likelihood of a rate rise soon. The "Cheesegrater" office block in Leadenhall Street, which British Land finished last July, is already receiving record rents for the City. The building is now 84% let or under offer, compared to 53% at the start of the year.And a Conservative victory in last week's election could also be good for business this year, suggests the company. The prime Central London market softened in the run-up to polling day given the risk of a mansion tax on properties above £2 million. "The super-prime market moderated slightly, but we are continuing to see good demand for exceptional new build properties, such as Clarges Mayfair," it said.Indeed, new records for sales have been achieved at the Clarges development where 22 out of 34 apartments have been sold at an average of £4,750 per square foot."We have a modern portfolio focused on the right locations; a strong balance sheet with a low cost of debt; and an exciting development programme," says chief executive Chris Grigg.And the analyst community is certainly backing the business."The outlook is also robust with the twin positives of increasing employment in London and real wage growth supporting demand for London offices and regional retail respectively," says broker Panmure Gordon. "British Land is well placed to benefit from this with the retail portfolio fit to embrace the omni channel retail environment, superstore exposure reduced to 7% and the land bank positioned for future development."British Land shares are currently nudging significant historical technical resistance levels at about 865-875p, but Panmure reckons its forecasts for 6% growth in NAV this year to 877p "looks light", and sticks with its 'buy' rating and 994p price target.There's also a final quarterly dividend of 6.92p, which takes the full-year payout to 27.68p, with a further 7.09p proposed for the first quarter of 2016. There's a prospective dividend yield of 3.3%.
oldjoe1
15 May 2015
Re: BLND About To Breakout.......... BLND British Land, Broker Views.....Date Broker Rec. Price Old target price New target price Notes15 May 15 Goldman Sachs Buy 874.25 975.00 985.00 Reiterates15 May 15 Numis Add 874.25 - 964.00 Reiterates15 May 15 Canaccord Genuity Buy 874.25 907.00 1,002.00 Reiterates15 May 15 Exane BNP Paribas Outperform 874.25 1,010.00 980.00 Reiterates14 May 15 Investec Buy 874.25 904.00 904.00 Reiterates
oldjoe1
15 May 2015
BLND About To Breakout.......... British Land extended gains on Friday morning following a solid annual report a day earlier, as a host of analysts issued positive ratings for the stock.Goldman Sachs and Canaccord Genuity both raised their target prices for the shares and kept 'buy' ratings, while Numis Securities reiterated an 'add' recommendation and Exane BNP Paribas left its 'outperform' stance unchanged.Goldman, which lifted its target from 975p to 985p, it said the results showed a "source of opportunity" for the real estate investment trust.It highlighted a "variety of positive catalysts" for the stock going forward, ranging from rent growth in the London office market, positive trends in the retail portfolio, a lower exposure to superstores and a reduction in financing rates."We believe FY2014/15 results provided further/clearer evidence of how BL has positively repositioned its business; e.g., 64% of its portfolio now in London and south east UK, an EPRA occupancy rate up to 97.1% and a well-replenished development pipeline offering significant potential," the US bank said.British Land's loan-to-value ratio reduced to 35% in the year ended 31 March from 40% previously, which Goldman said "offer[s] a reasonable balance between capturing the upside from the current positive macro without putting BL's longer-term strategic focus at risk".The bank said: "Management is running the business based on expectations of rent growth for at least a couple of years, consistent with our view of the macro. We re-iterate our 'buy' rating."The stock was up 1.1% at 876o by 11:16.
II Editor
14 May 2015
NEW ARTICLE: Boom time at British Land "Property giant LSE:BLND:British Land did exactly what was expected of it last year. Demand for commercial property is booming and net asset value (NAV) jumped by over 20%. A sharp rise in the value of its property portfolio helped generate a ..."[link]
albent
08 Apr 2015
Sound past performance however with suspect future prospects. Infographic for British Land (LSE:BLND): [link]
steveggiles
10 Feb 2015
Re: NEW ARTICLE: Trends and Targets for ... @lambrini girlHow very right you are proving to be! E.g. see [link]
aspace
23 Jan 2015
Re: 779 - sure looks good to me.... I agree. Property has been a core part of my feeble investment portfolio for approx 20 years and has grown in value over that time, even after including the pain of the Global Financial Crisis. BLND has clearly emerged well as shown by 2014 asset value growth and due to investment of the capital raising just prior to the current London revival it looks pretty rosy for 2015 and beyond. I'm sure valuable lessons were learned from the credit crunch and noticed a lot is said about financing availability and flexibility in the 2014 annual report. No doubt top of CFO Lucinda Bell's list of priorities. Another thing I noticed was their mention of "accounting return". That is a measure I've been using for some years and have not seen it used elsewhere until now. It ignores the share price and is calculated on net asset value increase plus dividend. For 2014 BLND achieved a respectable 20%, having been negative in the GFC and modest in the years since. For 2015 I estimate it will be 19% using a 3.8% overall average rental yield (assuming BLND can control costs which seems a reasonable assumption) plus 7.5% valuation uplift, and NAV per share at about 800p for 31 Mar 2015 (upbeat half year report as at 30 Sep 14 was reported by BLND as 769p). My estimates may be a bit on the favourable side but achievable. On conventional measures that puts us on a prospective PE of about 6 and dividend yield of about 3%. Based on the current share price of 833p it seems the market might be even more optimistic than I am. I'm happy to hold but a bit pricey for me to add more at that level. FWIW DYOR.
daressaalam
07 Jan 2015
779 - sure looks good to me.... The extreme gloom posted by some for this share over the last year is dispelled and with the starting price at 779 - where is it going ? Sell Yellers help again please.MKLW is also one of my favourites, the curse of property be damned - there is still profit in bricks in my thinking.
