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Dividend is fantastic and seems very stable. Looking at trades, there are many small buys so guess people are investing set amounts on a monthly basis. I put in a lump to enjoy the dividend, but also decided to set up a monthly top up especially at this price level.I see it as a kind of savings account, but with an amazing interest rate!
This stock I like just like a up tick in price
Any views?
I’d say 35 / 40p is more realistic.
How could it get back to 200p? NAV is 118p and since it was 200p there has been massive dilution from share issues
The divi might help to pull us back up. 80p might be a realistic target looking at other REits with similar profiles of NAV discount and LTV
Great to see patient investors being rewarded. I cannot believe this is not back to ~200p yet. A screaming buy given it has recovered 97% rents and in black.
anyone knows what's precisely happening with the dividend?
It is confirmed (https://www.lutontoday.co.uk/news/people/luton-mall-owners-plan-sale-of-shopping-centre-for-ps81m-3723325).
Primarily due to a failed bid to halt new developments just outside of the town, just off of M1 Junction 10.
They have also listed their Hemel Hempsted property as held for sale.
Is there any truth in the rumour that this company is looking to leave Luton?
I can only hope it is true.
Impressive RNS today.Taking huge advantage of non- recourse finance to cram down lenders.Business should be completely restructured this year .And the return of dividends.Good to see the consortium partner putting in cash,albeit on a loan basis.
I am into this stock for the long term I just hope the board can turn this stock around
Hi everyone, I see that the shares from the Open Offer, are in my account today. Having looked at this overall, with the debt cut being a positive move from C&R, I bought some extra shares yesterday, in the hope that this company can now go forwards. I had a much bigger holding in the past, which was mullered by the 10 shares for 1, share consolidation, but if all goes well, am certainly prepared to buy some more of their shares in the near future. Would welcome your thoughts please? BW’s. Hulvard.
I don’t see any good in this stock in the short term holding long hope it will turn around
Great news for retail in malls and stores and brokers should welcome this news, too.
British Finance Minister Rishi Sunak is stepping up plans for an online sales tax. This will hit Amazon, Boohoo and other online sellers. This should level the playing field a little and I believe will encourage retailers not to abandon their retail presence.
Source: https://www.reuters.com/world/uk/uk-treasury-prepares-launch-online-sales-tax-telegraph-2021-10-17/
Agree, Hammerson did something very similar and drove down their LTV level against their property estate.
Long term, they should have a more favourable rate and I wouldn't be surprised if the move from lenders in someway helps with their hybrid strategy. It's possible RBS or the earlier lender may have been against working to achieve these strategic goals.
A return to dividend for H2 2022 is also encouraging news for shareholders.
Onwards and upwards.
Great announcement today.Cutting debt to 50% .Still too high but much more manageable.Big bonuses for the top two in 2023.CorePortfolio NAV only marginally down at 30 Sep.Share offer at 56p. Pretty close to market level.
Thanks RS .. let's hope you're right .. hoping for a switch of the downward curve sooner rather than later, really don't want to see this drop to 40p
Don't worry chaps. I've been invested for over 12 months, my entry was 40p and whilst I saw 90p+ and didn't take it, I'm staying put.
1. Footfall to offices is returning but the large expoure with CAL is their retail malls and in particular supermarket tenants like Aldi/Lidl I believe
2. The recent collaboration with the Hong Kong Property developer will look at hybrid models such as retail and residential developments. It's no secret that Hammerson has submitted plans to convert their former Leicester store into ~330 flats with a new commerical ground floor space. What is stopping CAL submitting the same?
Source: https://planning.leicester.gov.uk/Disclaimer?returnUrl=%2FPlanning%2FDisplay%2F20210461
3. As Christmas approaches we will see retail and panic buying set in which should see positive footfall.
4. 90% occupancy from their tenants and 83% of which rent received at last reporting period
5. ~£0.5bn property portfolio which put their Net Asset Value at ~100-120p alone - This will increase as property prices go up and they open the doors to a hybrid model with their Hong Kong partner, Far East Consortium International.
Source: https://www.business-live.co.uk/commercial-property/shopping-centres-owner-capital--21526318
Whilst I've seen a lot of profit slip, I don't mind if this slips further and selfishly, I hope it does - if it gets to 40p, I shall be throwing the kitchen sink at it.
A lot of savvy investors are realising that bricks and mortar still have life in them, beyond office and commerical application - hybrid is the key here and this is an exciting opportunity for CAL.
Good luck, investors.
Thanks good to hear I'm not alone..
I am like you in at over 80 I look at this as a long term hold
All.. can anyone advise where this might end up.. I'm in at 87p and watching it drop everyday is painful .. don't want to sell tho as knowing my luck will rise .. thanks
Company is a total mess.Farcical tax position on dividends.Hemel and Luton will be cut loose.It would be criminal to invest any money in the latter.Buyer of bank debt will take over Hemel.What point in bringing in FEC unless they bring a pile of cash to the table.Ordinary shareholders likely to be squeezed out? Going Concern statement interesting.
LTVs worryingly high .
They have kicked the can down the road on covenant waiver on Luton to Jan 2022 but what are they going to be able to do to bring that back under control
You can't make a silk purse out of a sow's ear
What was the total asset write down for 2020,what caused the 181 m op loss even with a 72 m revenue?
I am looking to invest in this stock but a big buying and selling price anybody tell me why