Helical Plc Share Price (HLCL)

Nice to see, is it just someone buying or is there something afoot?

I am in again today until next results end of March. Their focus is Manchester and London now. However if I see a profit then I shall take it in the meantime.

Have been reading up about this company. They are reducing the risk by selling non-core assets to pay down debt, recent transactions have been below book cost which could be why this is trading below NAV. They have been toying around with the loans more recently which will yield annualized savings going forward. However I think the property portfolio and so assets on the book will need to shrink further in the coming years. Profits cannot hope to match debt obligations in the next 6 years even if they achieve the growth they believe will come. If anyone has been keeping up with property news it's that swathes of people are set to lose their homes in the next 7-8 years as they struggle to pay off the capital of their interest only mortgages. A sharp downturn in UK domestic house prices will impact office and retail spaces. Not to mention the very real threat BREXIT poses on the UK service sector, far from creating new jobs we are likely to see jobs lost in this space according to analysts.

Moving up today, rising again tomorrow. Big deal in the offing or just pre-Xmas rise on good 2018 prospects?

Half year results tomorrow. Let's see how we fare.