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Land sec shares have fallen quite a lot now and i would think the current share price level is a very good entry point for a mid to long term hold topped up yesterday and a little more today
I just bought 1,000 to double my holding dating back to 2005. At todays price £8.37 the yield is 6.66% pa (4 1/4ly dividends last 12 months totalling 55.5 pence) and the discount to Net Asset Value (£14.03 at 31/03/18) is a ridiculous 40%. I'm buying prime London offices for almost half-price.
Unless you happen to believe the world economy and Brexit are going to crash London rents and occupancy rates in the next two or three years. I don't.
than blnd yesterday as the aforementioned looked a bit toppy. Excitement over after emergency doctor revving the engine, a nice little rise, puppy exercised so back to bed with a cuppa and hard gingerbread man.
Over the last few days and still at discount to NAV
Apologies for board hopping but- The petition is going quite well; ~4950 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. At 5000 I will send this to the PM & the chancellor as well as my MP again. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far. We really need a social / media savvy individual to help generate more interest in this.
Just got 1800 tickets , be back to collect after the summer hols .
So I'm here for a while and some relaxation :-)
Seems a good buy now imo
Surge for City spaces propels LandSec sales: Property giant Land Securities said momentum continues to grow after logging strong annual results earlier this year, with healthy take-up in London, low vacancy rates and rising rental values
Land Securities has had a solid start to the year and maintained good momentum, with healthy take-up in London, low vacancy rates and rental values rising. In its interim statement for the first quarter, the company said that in retail, the transformation of its portfolio is continuing to pay off. By focusing on assets which offer customers an excellent experience, while either being dominant in their catchment or highly convenient, it has seen footfall up 2.5%, same store sales up 3.8% and same centre sales up 5.4% on the same quarter last year.
mate this has been a buy since october 1345 is a bit of a low target ,what is wrong with 1500? or is 1345 just the next resistance? cheers wobbs lutonlagerlout at yahoo dot com
RECOMMENDATION BUY TARGET 1345 The Major trend of LAND SECURITIES PLC it is showing strength for buying. If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 1332 then it can show upside movement for the target of 1345 with the stop loss of 1319. CHART FORMATION:- Stock is trading in a range and line will lead to upside movement. Stock is trading above the 50 DMA with negative bias. Skype tayal.smith1
LONDON BOOM PAYS OFF FOR LAND SECURITIES Britain's biggest commercial property company has been a big winner from London's growth, with its pre-tax profits doubling in the last year. Land Securities, whose developments include the Walkie Talkie skyscraper, says it plans to develop 1.5m sq ft of space in the capital in the next 18 months
like we may be testing 13 quids again shortly?
Land Sec gets £1.2 billion facility: The U.K.’s biggest landlord Land Securities reported a new £1.26 billion Revolving Credit Facility (RCF) in a further sign of increasing lending activity in the property market
Land Securities sold its 95% stake in Times Square to real estate funds managed by Blackstone for £268.4m. The contract will reach completion in July and encompasses an office building currently let to six office tenants including Bank of New York Mellon and law firm Dechert until 2023.
Land Securities buys Moorgate site for £16.5 million: Land Securities has bought the leasehold of a 1.9 acre site near Liverpool Street for £16.5 million, paving the way for a huge regeneration ahead of the launch of Crossrail.
Rental values put Land Sec in good shape: Land Securities said its business and markets were in good shape, with rental values rising in London due to a shortage of new office space.
now lets look for the next leg up wobbs
ceiling for keep today wobbs
Google rents more office space at King’s Cross after campus delay: Google has signed a deal to let more space in a building at King’s Cross after deciding to redraw plans for new £650 million headquarters at the central London site.
fair play mick very quiet round here normally i was lucky i bought in at 1022 in october long may it continue cheers wobbs
LAND... LAND SECURITIES excelent trading update tues saw stock move to a 6 year high and breakout, VOL is heavy having broken out from a long term horizontal range. Momentum behind these at the moment. https://pbs.twimg.com/media/B2TwxaxIYAA835t.jpg"
London offices: selling into strength: The London office market is attracting international capital. A Taiwanese insurance company has bought a block near the Bank of England for £320 million, Brazil’s Safra group this week paid £700 million for a nearby tower known as the Gherkin, and the Qatar Investment Authority made a (rejected) £2.2 billion bid approach for the company that owns Canary Wharf. In the year to date, £9.9 billion has been invested in central London offices according to property agents JLL. The Gherkin deal is eye-catching, coming at an investment yield of 3.8%. City yields over the past seven years have averaged over 5%. But office Owners, such as the listed property companies, have a dilemma. London offices are good to own. Land Securities, which has more than half of its portfolio in London (mostly offices), on Tuesday reported an 11% jump in net asset value over six months. Together with rival British Land it is enjoying the benefits of brave decisions taken in 2010 to launch speculative developments (including big towers known as the Walkie Talkie and the Cheesegrater). With such a healthy rental market, now may not look the best moment to cut exposure. There is an election next year; interest rates will rise at some point; and lots of new supply is on the way – according to Deloitte, the amount of office space being built in London is at a 10-year high. All that space will eventually put a lid on rent rises. This week, Great Portland Estates, a central London specialist, sold an office development near Fleet Street for £166 million, at a yield of 4.5%. Others should follow its example, and take advantage of the strong market to prune their portfolios.
Positive Points: Management reported improved occupancy. Voids across its overall portfolio on a like-for-like basis declined from 2.0% as of 30 September 2013 to 1.8% at 31 December 2013. Retail Portfolio like-for-like voids declined from 3.0% to 2.5% as of 31 December 2013. The overall occupancy rate for the Retail Portfolio business rose to 98.3% from 97.8% as at 30 September 2013. For its London property division, management noted that "our programme of speculative developments continues to see strong interest from potential occupiers." Two new development starts were announced for its London Portfolio business. For the London property division, it high profile Walkie-Talkie building (20 Fenchurch Street, EC3), is now 64% pre-let with a further 23% in solicitors' hands. A planning application for the solution to the solar glare issue will be submitted next month. Management pointed to a "strong balance sheet." The dividend payment remains relatively attractive in the current low interest rate environment – 2.5% yield as of 22Jan14 (not guaranteed). A third interim dividend of 7.6 pence per share was announced, up from 7.4 pence last year.