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.. not today they're not!?! Anyone know any reason for this nasty little bump down?
Is British Land leading the way up for city property?? Or am I engaging in wishful thinking?
May be true, I trimmed 60% today too, will run the rest.
Looks like a buy signal to me if you're now out! As interest rates go down next year this will climb back IMHO. Don't forget loads of shorters need to find a way to exit their positions in REITs. Some will try to manipulate an exit, including getting their broker mates to issue suspect forecasts. Those holding now can look forward to an increasing yield, that looks good now against gilts. All IMHO.
The rest of those bought at under £3 in July for about 410p
What a difference less than 2 months does here to Sp , plus 30% , big mistake selling still got legs..atb
Meanwhile, British Land was lifted to 'neutral' from 'sell' and the price target to 350p from 290p.
Is there another British Land they're talking about? or are they just not that good at this?
The stock is ex- Div today hence the drop.
Good balance sheet, decent outlook, nice dividend with a lot of room to re-rate from these levels. Unless we think 2008 house crisis is a given.
Some at just over 365p ,of those bought at under £3 in July
Stargate...looming Death Cross, is it fiction ,hope so
https://www.dailymail.co.uk/news/article-12750979/Death-Cross-Wall-Street-trading-meaning-bear.html
Real estate trust sector has turned negative today, and the fact that the leading riser, is Palace Capital , a not well traded share , is not encouraging . Also BLND, has lost its second place to another equity. I must emphasise that my target price, means the likely closing price, not the briefly inflated high price, which ends up being rejected by the market. Good luck, to anyone who managed to sell near the 370 high.
The high price today of 370.4, has been rejected to fall to 361.4, which is negatively below the midpoint of the high/low of 370.40/354.50. Second negative factor is the Japanese candlestick doji, small body(close-open) of 1.6/16(high-low). Sp, rejected by overhead supply at 363.60. The Japanese doji, high and low price are important so if subsequent to today the close is below 354.50, sell. If the close is above 370.40 buy.
370p already.....
maybe update your TA?
Sp, of 350, is the price projected from the June 2023, low, so expect the equity to retrace to area of 327, before resuming trend up. Also overhead supply from old peak at 350 lends credence to retrace. Sp, objective is 383, eventually. Positive divergence in the RSI(relative strength index), provides the bullish price target of 383.
Good. Hopefully a rebound in their sector is now underway, and with my purchase at under £3, I am pleased with the progress so far. Excellent dividend yield at the current price level.
I logged into the post results presentation. Simon Carter was confident that they were in the right sectors of the property market and that operationally they were doing well. Underlying profits and eps are up 3.4% on the comparative period last year, high occupancy levels (96% overall), rental growth accelerating and the dividend up 4.8% with the balance sheet looking robust. Net asset value was down reflecting the increase in yield at which the properties are being valued but at 565p per share they currently stand at over 40% discount to NAV. The yield is higher than investing directly in commercial property so for me it is a firm "Hold" with the potential for some appreciation when we come to the end of the interest cycle.
Very pleasing results with a 12.16 dividend going ex div in about 10 days to be registered by i.e. 23rd / 24th.
Agreed. Seems a bargain at this price. Certainly one of the highest yields for this share that I've seen. The risk is always capital loss with property at the moment, so steady is great by me.
Seems a 'steady as she goes' sort of message.
It appears as though the prediction that rates won’t rise again is having a positive effect here and at Land Sec.
Sp riding high today, looks a good day to sell , so I did along with lgen and bt.a....Happy days, but not happy weather...atb
Hitting years low again , interim dividend another month 23rd ish Nov , but yet to be declared, usually around 15th ish Nov , last time I sold at 350p ish off back of a year low , also took a few today ....atb
Just bought some more at 300p