Member Info for gewillia

Remember, Max, that parliament is supreme. It can write whatever laws it likes. So Corbyn would need to get a bill through the Commons giving the government the right to compulsorily acquire 50%, or whatever percentage he wanted and setting out the terms for their purchase.

It's slippery John MacDonnell who scares me. He talks airily of compensation costing the govt. nothing, via the issuance of bonds (gilts). Quietly forgetting that interest has to be paid and ignoring that the NG yield is some 5.5%, whereas undated gilts yield less than 2%. The other threat to investors, was expressed by him on Andrew Marr's show in October, when he observed that compensation could later be reduced or clawed back, if it later transpired that the pension fund was in deficit, or "other problems" unspecified, existed.

Robert Mugabe nationalised most of Zimbabwe's assets in this fashion, and, of course, later welshed on the toilet paper he issued.

Many thanks Panier. I'm much obliged.

Would a kind reader please explain what "Adjusted jaws of negative 1.6%" means please.

In half-a-century of reading company reports, I've never come across this one. Ignorance is bliss, he says, on a sunny Monday morning.

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.