NEW ARTICLE: Stockwatch: A quality income play to start 2018 "Can LSE:BBOX:Tritax Big Box REIT, an investor in warehouses largely serving the UK digital economy, maintain its trend of steady capital growth backed by a relatively secure income?Tritax yield's 4.5% prospectively and its mid-cap shares are ..."[link]
One Creechurch Place Here's the letting Helical alluded to in their update. Good sp increase yest. Large discount unwarranted. Hyperion Insurance Group has placed 100,000 sq ft under offer at Helicals One Creechurch Place, EC3.Helical and the Healthcare of Ontario Pension Plan Trust Fund completed the 273,000 sq ft building at the end of 2016, but have as yet to secure a tenant.In a trading update on 13 July, Helical said: We have significant interest from a number of potential tenants interested in leasing space on the majority of this 273,000 sq ft building.It is understood Hyperion will pay around £65 per sq ft for the space and Helical will take on some of its existing leases as an incentive at 16 Eastcheap, EC3, where it occupies 30,600 sq ft, and Bankside House, SE1, where it occupies 11,000 sq ft.Quoted rents at the building are £67.50 per sq ft for the seventh floor, with slightly lower rents for lower floors and slightly higher rents for higher floors.
Re: Thoughts Nice post update reaction, 20 pence Up on last week's lows.
Good update Another non core retail asset sold, the 3 recent sales nicely above March '17 NAV.The wider business appears to be developing well, striking discount to NAVwith the sp trading under £3 currently.
Thoughts The current SP with a fat discount to NAV now allows for a lot.Have built up a sizeable long position, I've followed Helical for nearly30 years.The FY results webcast is available on their investors site, worth a watchfor anyone interested.As always all IMV only, please DYOR.
looks like agood buy Manchester Office purchase looks good , capital cost of under £300 a sqfoot and rent under £20 look on low side for that location. Could be some good rents to follow the refurb plans to come . K.C.M.
Lets hear some views anyone Very Qt here, we'll just bought in today sub £4 which is a great discount to NAV . Strong prospects of unlocking profits on developments along with good Income stream attract me to this stock .
NEW ARTICLE: Stockwatch: Profit from Brexit uncertainty "Has London commercial property topped out, or may offer further upside? The five-year chart for £460 million investor and developer LSE:HLCL:Helical Bar epitomises the strong run and recent doubts: after soaring from 165p in 2012 to 470p by ..."[link]
Under the radar It seems there is little interest in this stock but that does not explain the current fall after sustained growth. Is there anyone out there with an explanation?
Mike Slade The day has finally come for Mike Slade who has run the business since its inception to step aside. At least he will remain as chairman and Gerald Kaye has been there 20 years so effects will be limited.
Pretty cool HLCL / MKLW infographic report Good Helical Bar / A&J Mucklow Group plc comparison. Has analysts estimates of EPS which is interesting. [link]