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Time IN is everything, if you are reinvesting the fat dividend. A low price is no problem.
Lti re:buy , timing is everything ,well done
Back to parity, plus the dividend for me , with further rate rises predicted , expect further volatile SP ....atb
Pleased with what appears at the moment at least, to be a well timed purchase.
Current market cap is so low in comparison to NAV of about £9 Billion
The media and stock market pundits paint doom and gloom.... the company delivers and the stock price is below 1990s.... paralell universes
It is the next update that should make you wary. Seems mms not buying into the rosy rns at the moment. One to tuck away though for the dividend the lower it goes. Quality.
Hope its a Good price. I got 306 last week topping up. At least there's nothing -ve in today's update.
At about 299p
Have you calculated the value of an investment if you'd reinvested the dividends at the bargain prices. Still a bargain.
Its valued at 1993 prices. You couldnt make it up... its the same as 1993 prices in nominal terms but taking into account inflation its probably half that. Something seriously wrong in the investing when a company with £11 billion of assets and debt fully hedged is valued at 2.75 billion...
The good news is the risk factors I listed may well be priced in. Everyone knows office values are struggling at the moment.
Debt repayment is the key thing to watch. They currently have some mega build projects needing a lot of capex and some years off completion. If/when they need to refinance - even years from now - it will be at much higher levels. To fund they can always sell other parts of the rest of the portfolio, but will have to be at lower prices than we've been accustomed to.
Yes, its in better shape to handle higher interest rates than the banks!!
British land is fully debt hedged until 2024 and nearly fully hedged til 2027.... interest rates in the short term are not relevant
I'm invested here now too but still mindful there are some risks. Commercial property values are under pressure, at the least we can expect another markdown in value of portfolio this year. Cost of serving debt going up and with commercial property at the coal face lenders will be charging accordingly. To a certain extent this will be offset by charging tenants more but in a downturn vacancies will naturally increase.
Once interest rates pull back expect the recovery to begin, but the question is by that point what state will the broader economy be in.
Today - UBS rating 450p BUY
I agree. I'm baffled. Great dividend, great cover, great PE ratio, great NAV vs MCAP. What's the markets issue?
Looks like a complete no brainer share to me. It's lower than during the great recession of 2009 and lower than the lowest point of the pandemic, despite having a market portfolio of over three times its capitalisation. I have been accumulating hard in the last few days - cheap isn't the word. Anyone selling at these prices is completely stupid...
Ex dividend tomorrow for 11.04p , let's see if it was more wiser or miser to buy tomorrow, took a few this morning...atb
The broker downgrades keep coming but BLND seems to be holding firm around this price which is encouraging.
BLND facing demotion from the ftse in the forthcoming quarterly shuffle.
Bought £60k at £3.48. Cheap!
I did buy a few more at 256
I will probably buy more if it gets nearer 350.
Shorters and their broker mates causing panic. Buying opportunity AGAIN!!
Only a buy at 350p or less.
some at under 359p