Firering Strategic Minerals: From explorer to producer. Watch the video here.
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1. Excellent liquidity at £80m
2. 73% of rents collected
3. Only £100k exposure to Arcadia group
4. 37 new leases signed, up 7% from prior year
5. Progressing health centre dialogue with NHS - potential vaccination centres?
Source: https://polaris.brighterir.com/public/capital_regional/news/rns/story/wvpq10w
Hey rs2002, still not a lot of action on this bb I see, obviously not alot of love for cal! Personally, I quite like this as a share, I get this is in retail and therefore consider to be a 'dying' industry but the numbers are still ok considering? I'm sure im missing something major, but having brought years ago 2010 ish I think, £300 worth it's returned 40% in div, nothing to get excited about, approx 4% per year, not compounded I may add, but sp especially after consolidating 10 to 1, has dropped to ridiculous levels imo. Ie I had avg at 43p, that then became 430 in Jan 2020, its now 85% down, so I've topped up at 100(200), 36(200) and now 60(300), overall avg 77pish. They are 'safe' till 2023, and have a balance sheet that gives asset value of over 5 times its current sp?Someone asked why the losses over last few years, I maybe misunderstanding the basics ie money in was less than money out, but actually looking at the property revaluations, 120 mil was disposed in assets value last year. Its got 2021 revenue in cash in the bank, surely this has to rerate once the country is back to 'normal'? I'm sure there will be more action on here once back over the £1 as the sheep start to flock, imagine the div returning at only a 1/4 of the last paid price, still 7p, ie 11% of todays sp, personally I see it a worthwhile punt, guess we will see in a year's time! Would say gla, but its more like good luck rs2002! Cheers, chris
Hey Chris - what a stonker of an update from Mr Hutchings (CEO) this morning.
- 80% of 2020 rent collected which is remarkable in light of the pandemic and lockdowns. This does make sense when you establish that Cap & Reg have a lot of exposure to supermarket who have been doing very well for essentials.
- £80m cash on the balance sheet with £60m available immedietely so more than sufficient liquidity
- Net Asset Value (NAV) share price of 150-158p based on current performance reveals this significantly oversold and due a rapid recovery. As I write this the share price is surging to 100p and totally expected.
- Emerging partnership with REEF technology to utilise idle car parks for smart mix use hubs which is going to be very lucrative. Think Amazon locker boxes for collection and other logistical tools and resources. ctric bike and scooter rental companies, on-demand aviation businesses and peer-to-peer car rentals. In addition micro fulfillment centers and is creating rideshare car buffering zones that reduce congestion, where drivers can also access services like car detailing and maintenance within the hub. A very shrewd move when you consider REEF are the largest parking operator in North America. I also understand pop-up kitchens will emerge - think Deliveroo or other logistics
- Residential project progressing. London Waltham Forest Council’s planning committee approved plans to demolish part of The Mall shopping centre in Walthamstow and build 538 new homes. Combine that with the commerical stores and you have a completely regenerated region of London which is going to be very lucrative.
I can see this going to 150p+ very quickly
This seems very high risk;
Net debt to property value has gone from 46% in 2019 to 65% in 2020.
Waivers have been obtained on all facilities for Q1 2021 covenants and ongoing discussions for more relaxations puts me as a sharedholder at ease. Couple this with the 80% of net rents received for 2020 and £80m liqudidity, I don't see this at low to medium risk, let alone high-risk.
The market is doing the talking at the moment and with Hammerson moving in the right direction, the Chancellor giving his backing for retail/high-street and extended furlough, market makers are recongising value here.
I'm on the train to 150p+
Sp being walked down nicely today. Can't really be the market sentiment with volume at this level.
Good old tree shake, yesterday but pleased to see the fundamentals shining through and taking this back up.
Intrigued more about the smart hub business with pop-up services utilising car parks; they would also respect social distance as well, with the Deliveroo IPO coming, I can really see more start-up kitchens appearing in these allotments and Capital is well placed with REEF technologies to advance with this.