The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Thanks JB
Stickywicket99 the last 3 plots for 9 elms have had contracts exchanged and the 90% balance £100m is due to be paid early 2022. Cant recall seeing anything suggesting it has been received yet (I may be wrong) so not sure if it will be in the upcoming results.
https://www.investegate.co.uk/royal-mail-plc/rns/exchange-of-contracts-for-sale-of-nine-elms-plots/202112131000064263V/
Stickywicket99 I agree with Oligarch re leasing and the need for most buildings for operations, of course there are some options around consolidation of sites etc. One of the biggies in recent times was the sale of I think it was about 12-15 parcels of land at Nine Elms from memory we have received payment for most of these and have spent a big chunk already on site prep costs. I think it was mentioned in a fairly recent update/financial presentation and if I can find any links I will post.
Stickywicket99, I know that there are plans to redevelop some of the Mount Pleasant site however as much as this site is financially valuable, it is also strategically valuable so I don't think that it would be feasible to sell it off.
Thank you. Just musing how many prime locations, London etc, are left that might be sold and relocated ?
Stickywicket99, with regards to your question regarding the value of the RM estate "What, if any, relevance, does anyone attach to this "fact" ?
The RM estate is fairly large (although a fair amount of it is now leased) and I would say that it may be a factor if we were looking at a takeover bid or winding up the business, however, I'm fairly certain that it doesn't really have any influence on the SP as these are assets that the business needs in order to operate.
The Property Valuation of RMG is possibly more than the Market Cap of the company.
What, if any, relevance, does anyone attach to this "fact" ?