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There results are due early march and I am sure they are going to be good.
Looks very positive, going forward this company will make a good return on your investment.
Yes I am still in TEF I sold some at 315 and 325 then bought back at 290 as well, cant believe how much money I have made on those shares. I am in profit with CAL, I just have a feeling this will spike one day so holding out for 50p plus.
Are you still in Telford? Sold half my lot here a few weeks back when TEF retraced to 290p.It was worth it but this has gone up 10% since
What more can be said, really happy the way this company is being run. I am in good profit, but not selling as this company will only get stronger.
Most of the factors I predicted in July have come about, the restoration of the dividend earlier than expected, or will be resolved before the year end. With a Net Asset Value per share of c 52p and some further capital value gain possible, then the continuing share price discount to NAV of 25% remains too large - especially once the refinancing of The Mall CMBS is completed. I think there is more to come from this.
better times ahaed
Market seems to be very upbeat about todays just about satisfactory half yearly
A little bit disappointing that despite downgraded revaluation these 2 centres were sold at a loss and that they were forced into this situation to reduce their overall debt to avoid punitive financing costs.Lets just hope that they are no more High Street casualties
With the return of the consumer to the High St looking more assured, this company appears to continue to be overlooked. Net Worth fell from £196M to £180M between 2011 and 2012 but it seems that valuations have just about troughed now. Nevertheless, its Market Cap. remains at an unjustified and massive 33% discount - well over the sector norm. Debt is much reduced and the company is optimistic of refinancing in the coming months. The Final 2012 Accounts imply a resumption of dividends also by the end of 2103. All in all, this ought to produce both significant capital gain and a return to the 'income stocks' list in the next 6 months. Some risk remains in the sector but this company looks a no-brainer as a buy right now.
Interim Management Statement For the period from 31 December 2012 to 15 May 2013 ASSET MANAGEMENT DRIVES SOLID OPERATIONAL PERFORMANCE AND CONTINUED PROGRESS WITH THE GROUP'S STRATEGIC OBJECTIVES Capital & Regional plc, the specialist retail property company, today announces its interim management statement for the period from 31 December 2012 to 15 May 2013. Highlights · Solid operational performance in the UK Shopping Centre portfolio: · Occupancy up 0.9% year on year to 94.6% · Footfall has outperformed the national index by 1.3% in the year to date · Stable rental income across the Group's UK and German assets since 31 December 2012 · Ongoing progress with active asset management initiatives: · 14 new lettings secured, including two significant leases to TK Maxx and All Star Lanes now open at Great Northern unlocking the centre's potential · Eight lease renewals agreed and 31 rent reviews completed · Planning approval granted for The Hub leisure concept at Redditch and three out of four restaurant units already under offer, with Nando's as the anchor tenant; 16,000 sq ft gym under offer to Pure Gym · Planning consent granted for the £8 million reconfiguration of Waterside Lincoln; lettings agreed with Next, H&M and New Look who will anchor the centre and help to create the city's premier fashion destination · Successful programme of non-core asset disposals continues with sale of Hemel Hempstead at an advanced stage · Group's continued deleveraging achieved with a £17.4 reduction of Mall debt and proceeds of £30.6 million from the sale of X-Leisure.
9 May 2013 NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION DTR5 OF THE FSA DISCLOSURE & TRANSPARENCY RULES On 8 May 2013, the Company received notification that Henderson Global Investors has an interest in 47,839,383 Ordinary shares of 1p each in Capital & Regional plc. This represents 13.68% of the issued share capital of the Company. END
NOTIFICATION OF INTEREST PURSUANT TO DTR 5 AND DTR 3.1.2 OF THE DISCLOSURE AND TRANSPARENCY RULES DTR 5 On 1 May 2013, Capital & Regional plc (the Company) received notification that Parkdev International Asset Managers (Pty) Limited had transferred their shareholding of 73,064,197 ordinary shares in the Company, representing 20.89% of the issued share capital, to PDI Investment Holdings Ltd, a Mauritian GBC 2 company. In addition Parkdev Investments (Pty) Limited have also transferred their shareholding of 9,441,413 ordinary shares of the Company, representing 2.70% of the issued share capital, to PDI Investment Holdings Ltd. PDI Investment Holdings Ltd, Parkdev International Asset Managers (Pty) Limited, Parkdev Investments (Pty) Limited, Pinelake International Limited and Clearance Capital (Cayman) Limited together with L Norval and N Haasbroek and their interests in trusts are all connected parties. The total shareholding of all these parties is 102,427,163 ordinary shares in the Company which represents 29.29% of the issued share capital. DTR 3.1.2 Capital & Regional plc (the Company) received notification on 1 May 2013 pursuant to DTR 3.1.2 of the Disclosure and Transparency Rules that the Directors' interests in ordinary shares of 1p each in the Company remain unchanged from the above transaction and therefore continue to be as follows: Beneficial holder Beneficial holding % of issued share capital of the Company Louis Norval 102,427,163 29.29% Neno Haasbroek 102,042,913 29.18% ENDS
large trade of 8,941,413 went through at 33p, any clues
I agree I got out of SMP too early at 180p but put some of that into TELF so I cant complain.Stan "The Plumber" is dead Hugh!! Our man with the cheesy smile.Always slow in paying and I never forgot when his horse won the grand national some guy who lived next door to the trainer stole the show on TV lapping up all the attention with Stan being ignored with a fixed smile on his face wishing the guy would p*** off so he could milk the adulation We digress still watching I might be too late on the scene
I think cal will come good, will take a long time i was hopping for 50p last year. We need a div to move this share price. Hugh scott-barrett is doing a good job and i like the way he is pushing cal forward. I was in smp aswell a really good company i made good money on those shares but sold out before the really big rise. Sir stan lives near me so that is why i allways have smp on my watch list. Tef doing well the retrace in price is only profit taking, i did not buy a house from them yet : ) i think steph could be right we may see 3 in the future.
Followed you in here from Telford.Im a commercial property surveyor more shed than retail but they hold some great kit which has been devalued in the overall scheme of things.Havent bought yet but watching Cant see many more mega casualties and im sure the institutions will be buying counter-cyclical.Aberdeen have always been big buyers into retail in depressed market .Great recovery stock and good SIPP fodder I hold Hansteen for long term TerraceHill as an improver and just got out of St Modwen -a little too hastily.Quite like Conygar but they are very heavy in Wales West Coast which has got along way to go
This share is comming good, well done all long term holders.
This looks one to tuck away for a useful capital gain with the potential for a return to the dividend list in prospect in the not to distant future. Market Cap of £100m compares to a Net Worth of £196m in 2011 Annual Report and even with cautionary valuation reductions in 2012 and allowance for the off balance sheet items, this looks overdone. Support also available from a current share buyback programme. I suspect it will be due a rerating in the next 12/24 months, if not sooner.
Is this share going to come right at last, loads of RNS interest in the shares.
Top Director Sells Capital & Regional (CAL) Director name: Mr Kenneth Ford Amount sold: 172,278 @ 28.28p Value: £48,720
Capital & Regional (CAL) Director name: Mr Hugh Scott-Barrett Amount purchased: 75,000 @ 28.97p Value: £21,728
"Providing the group with a firm financial foundation for the medium term was an important accomplishment in the year," it said in a statement. "The new arrangements with the group's pension scheme and agreement on new banking lines finalised in late November - both running through to the end of 2015 - mean that the work to position the group to achieve growth, irrespective of tough domestic markets, can come through." The firm had a net cash balance of over £5.0m at the end of the year. William McGrath, Chief Executive, added: "Our great brands, tight cost control, product innovations and international market development programmes continue to sustain us against the headwind of weak housing transaction levels - for which prospects are now somewhat better. We will be investing in our key brands to make sure 2013 is a more progressive year for the group."
Nice 50k buy
So they've sold it at pretty much book value. It reduces the total debt situation slightly and improves strategic focus. I guess it also suggests to the market that the accounting values may not be far off market values, i.e. the discount to NAV is currently way too high (NAV per share was 53p in June). These are all positives, but in the grand scheme of things this is a minority asset within the overall portfolio. It doesn't change the general economic climate or the level of consumer footfall, or the rental yields, or the occupancy rates. Until there are significant changes on these KPIs, I can't see the stock taking off. That said, this news does help get CAL on the radar and, like I say, it does highlight the very big discount to NAV which (IMHO) is unjustified.