londons future Any view from posters on london property now that The Brits have shot themselves in the foot TWICE!
NAV Shares in this company usually trade at a significant premium to NAV, but now (at 280p) they are at a significant discount. Despite massive investment at Earls Court, debt as a percentage of assets before debt is still below 20%, which is on the low side for property companies.
Jefferies analyst Mike Prew Target 250.00 Capital and Counties Properties Plc could see the value of its development siteat Earls Court drop to 30 million pounds from 50 million pounds per acre within 12 months, Jefferies LLC analyst Mike Prew wrote in a February note. He cut his price target for the company by 20 percent to 250p. The stock was little changed at 336.3 pence.