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Said this will be 140 by end Aug still sticking with it 1 week to go up 10% and the 500k buy will boost it .
hoping for a good day here ,might not look in as much , 2 good rns at another share I hold ,will look in from time to time ,hoping for a blue finish at gpor
hoping for a strong finish here today , had been watching covid test manufacturer ncyt this morning ,with news due there tomorrow , liking how
gpor share price moving today ,also hoping tomorrow at gpor might be a strong day
with gpor on risers leader board today ,be good if more research ,and buy into gpor
strong day today , like the number of share buys today .
Mentioned in today's press https://bit.ly/2K6wMhR
Would have thought management would have pushed out an RNS indicating how BREXIT is expected to affect their bottom line to give encouragement (or otherwise) to shareholders. Of course they be working on it but their share price seems to be dropping more than the market average so action is needed quickly to give stability. Nothing is going to change in the next 2 years minimum.
I never look at broker ratings, from the ones I read they must be based on the throw of a dice or after a night on the beer. With the results GPOR posted this should be no where near this price. Anyway, will hang onto them for the long term and see where it goes from here, if it drops past £6.00 I will call it a day.
Goldman Sachs reiterated their sell today, so may well partly explain drop. Also, news that the London property market is stagnating ahead of Euro vote. But what can you believe nowadays? According to the Broker Ratings on this site, Goldman have reiterated their sell at a target price of £8.50. Their first sell recommendation was a £7.82. But with a price of £7.63 last night I find it hard to understand what the broker means. Surely, surely, a sell recommendation at £8.50 when the price is £7.63 is really a buy? Broker recommendations are useless anyway, but when it is likely they are incorrectly reported they become even more worthless.
Expect they will get their cheap SIP shares tomorrow and the share price will rise again, buy 20 get 40 free, nice work if you can get it. Question is, do they deserve it? RNS says yes, share price drop, makes no sense.
Glad I am not the only one who can't make head nor tale of this companies share price. Most of the buys/sells over the weeks are automatic (according to LSE). Maybe I am not reading the market right.
This share makes me want to give up the markets. Seemed like a terrific set of results, one broker upgrades and one downgrades and the yet the price drops badly. What is even more annoying is how it is giving up most of its recent gains. No sense here now, unless there is something we don't know. Time to depart GPOR because this is just too irrational.
Yet price is plummeting. Anyone know any rational reason why?
Great Portland Estates plc ("GPE") announces that it has exchanged contracts to sell Mortimer House, 37/41 Mortimer Street ("Mortimer House") for a price of £26.95 million. The office property, extending to circa 23,800 sq. ft. net internal area (31,200 sq. ft. gross internal area) is currently vacant, and benefits from consent for a triple B1/A1/A3 use on the ground and basement floors.
As usual I bought into a company that looked on the face of it was trading an average of about £8.30 a share so it seemed a good investment for the long term at £8.44. Trading statement was good reading and now the price has tumbled for no obvious reason and it is bouncing up and down like it does not know where it wants to be and in my view, and according to the numbers, it is well below where it should be. Drives me nuts. Property prices continue to be on the up so May's numbers should be good reading. Anyone know why we have this idiotic unjustified price level?
So, China is set to grow at only 5.5% GDP, oil is dropping in price again, and company earnings are gloomy. But's lets look at that all a bit closer. A GDP of only 5.5%! What a joke. Most countries in history would bite the arm off of everyone who offered them that kind of growth. Oil price dropping. Well, could be solved virtually overnight if the suppliers put their heads together for five minutes - which they surely will soon. Gloomy company earnings. What tosh, honestly. How on earth do earnings suddenly look so gloomy? What do I mean? Well, surely companies had enough foresight to see this all coming and should have been more realistic with their earnings forecasts? In the same vein, surely, surely, the stock market didn't think that continued massive growth was possible in China (if it was to be fully believed to begin with)? Hence, what we have here is stupidity on the markets now. This is a sell off based on too many investors thinking that markets only ever rise - which they have done since 2009. Hence, some bad news suddenly emerges and it all gets treated out of proportion sending the markets into meltdown. I've been investing in shares since 1986 and have seen all the pullbacks since then. None have been based on such stupid and panicky behaviour as this one is. It is a sell off being overdone. Trouble is, eventually it forces people like me who usually sit out crashes to get out as well. Hence, I dumped everything I had first thing this morning aside from this share, another property developer, a bank and an engineering outfit. GPOR and the other property outfits are now too far beneath NAV to make any sense at these levels. When this nonsense has settled down - and timing here will have to be very well judged - I will be coming back into the market in a big way because too many excellent fundamentals are being ignored now. In the meantime, I will be surprised (but not shocked) if basic common sense about NAV's don't start to kick back on very soon with property developers like GPOR. We shall see.
Since 1st January this has dropped over 15% in value for no reason I can find. Nice to see management are still stoking up on their SIPs so perhaps the organisation is doing well and Wednesdays Interim will indicate that. 2nd December the price was a nice £8.90 and it is now at the price is was Dec 14.
Can't believe we have both missed something. Feb interim should give a good indication of where they are at. Maybe the market has fell out of love with the property market
Yes, I have been wondering the same thing. But I have looked and looked through the company data and can't seen anything to cause this drop. I have been watching this share for some time and have to conclude that it seems very closely linked to the FTSE 100. I suppose that is because central London properties are so aligned with success on the money markets. Perhaps I have missed something and perhaps there is an issue but the crucial time will come when the FTSE has a proper rally lasting for a few days. If GPOR doesn't come up with it, then I will think again.
60p so far despite a good RNS. Anyone have a theory or otherwise why this has dropped. MM manipulation was my 8nitial thought but now I am wondering if I missed something.
Ok...thanks... (Bought yesterday on the dip)
Pheonix - I would not worry to much about broker ratings as they can vary. Most of the buys and sells are automated which is probably linked to MM's driving the price up and down to make gains. Overalll the outfit appears to have blips but over the last couple of years have grown by about 25-30%. Would not get anywhere near that in an ISA so, for me, it is a good long term investment.
Broker downgrade to neutral - was that enough, even in a weak market, to cause the drop today? Anyone have views on this outfit generally?
The Great Wigmore Partnership ("GWP"), the 50/50 Joint Venture between Great Portland Estates plc ("GPE") and Aberdeen Asset Management ("Aberdeen"), announces that it has sold 95 Wigmore Street for a price of £222.4 million reflecting a net initial yield of 3.4% and a capital value of £2,209 per sq. ft.. UBS Global Asset Management's real estate business in the UK purchased the property
b>Weekly Analysts’ Ratings Updates for Great Portland Estates PLC (GPOR) April 8th, 2015 Updated April 10th, 2015 Filed Under • by ABMN Staff</b> A number of research firms have changed their ratings and price targets for Great Portland Estates PLC (LON: GPOR): 4/8/2015 – Great Portland Estates PLC had its “buy” rating reaffirmed by analysts at HSBC. They now have a GBX 869 ($12.96) price target on the stock. 3/31/2015 – Great Portland Estates PLC had its “outperform” rating reaffirmed by analysts at BNP Paribas. They now have a GBX 890 ($13.27) price target on the stock. 3/27/2015 – Great Portland Estates PLC is now covered by analysts at Canaccord Genuity. They set a “buy” rating and a GBX 918 ($13.69) price target on the stock. 3/26/2015 – Great Portland Estates PLC had its price target raised by analysts at Morgan Stanley from GBX 860 ($12.82) to GBX 930 ($13.87). They now have an “overweight” rating on the stock. 3/24/2015 – Great Portland Estates PLC had its “hold” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 861 ($12.84) price target on the stock. Shares of Great Portland Estates PLC (LON:GPOR) opened at 835.0001 on Wednesday. Great Portland Estates PLC has a 52 week low of GBX 600.0400 and a 52 week high of GBX 849.5000. The stock has a 50-day moving average of GBX 808.71 and a 200-day moving average of GBX 732.71. The company’s market cap is £2.87 billion. Great Portland Estates plc is a property investment and development company focused on central London real estate. The Company’s 81% of its portfolio is in the West End with the remainder in the City, Midtown and Southwark. It manages its property portfolio in-house, including asset management, leasing and development management.
<b>HSBC Reaffirms “Buy” Rating for Great Portland Estates PLC (GPOR) Posted by Logan Wallace on Apr 8th, 2015</b> Great Portland Estates PLC (LON:GPOR)‘s stock had its “buy” rating restated by investment analysts at HSBC in a note issued to investors on Wednesday. They currently have a GBX 869 ($12.96) price target on the stock. HSBC’s target price would indicate a potential upside of 4.73% from the company’s current price. Great Portland Estates PLC (LON:GPOR) opened at 831.4999 on Wednesday. Great Portland Estates PLC has a one year low of GBX 600.0400 and a one year high of GBX 849.5000. The stock has a 50-day moving average of GBX 808.71 and a 200-day moving average of GBX 732.71. The company’s market cap is £2.86 billion. A number of other firms have also recently commented on GPOR. Analysts at BNP Paribas reiterated an “outperform” rating and set a GBX 890 ($13.27) price target on shares of Great Portland Estates PLC in a research note on Tuesday, March 31st. Analysts at Canaccord Genuity initiated coverage on shares of Great Portland Estates PLC in a research note on Friday, March 27th. They set a “buy” rating and a GBX 918 ($13.69) price target on the stock. Analysts at Morgan Stanley raised their price target on shares of Great Portland Estates PLC from GBX 860 ($12.82) to GBX 930 ($13.87) and gave the company an “overweight” rating in a research note on Thursday, March 26th. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating and set a GBX 861 ($12.84) price target on shares of Great Portland Estates PLC in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 893.60 ($13.33). Great Portland Estates plc is a property investment and development company focused on central London real estate. The Company’s 81% of its portfolio is in the West End with the remainder in the City, Midtown and Southwark. It manages its property portfolio in-house, including asset management, leasing and development management.