Falling £will certainly help those foreign investors completing this year at Vibe ,Horizons where there is plenty of cover already ingrained in the price having bought at 30% below current markets Very diminished risk of failed completionsfor TEF However reading the foreign press unlikely to be jumping in to pick up any new stock unless fire sales as they think we are basket cases
Lots of office space in London and Canary wharf under construction and pre let for long dated leases and those jobs are coming to help TEF's patch. IN the great recession Canary wharf lost far fewer jobs than econometric analysis predicted. Reason was that the new office space at canary wharf was on average 18 year leases and prime. Thus the job cuts in business and financial services sector that did occur meant that staff came out of non-prime… Read More
With respect Terrace, I hope the BOD will have a better idea than me about the specifics of their business. I personally have found that by talking to directors and senior managers at the informal part of AGMs I come away with a much more granular view of how things are going and how they feel about the business. In TEF's case, whether it is comments about how the penthouse sales launch went, what impact they're seeing from the change of mayor, evidence of foreign investors being more… Read More
Alex Cunningham that well known cutting edge politician has resigned from the shadow cabinet He is Minister for the Natural Environment .! Current events have probably alerted him to the fact the current environment is far from natural after they woke him up You couldnt make it up Apparently some passing 5th formers have been invited to take up the empty seats
The BOD will have no more idea about where this is all going than anyone else.As usual they will exercise extreme caution in their affairs but they don't have a crystal ball.You would think though that IPRS sales are very high on the agenda until the uncertainty clears.
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