The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Capital & Regional plc, the co-investing property asset manager, today announces that The Mall Fund has completed the sale of 4 shopping centres to clients of Rockspring Property Investment Managers at a price of £135.9m, reflecting a net initial yield of 7.5%. The valuation of these properties as at 30 June 2010 was £128.1m
The co-investing retail and leisure property asset manager increased its net asset value by 11% to 52p a share in the first half of the year. It also made a pretax profit of £18m, compared with a loss in the same period last year of £131m. No divided is being paid, however. The NAV uplift was driven by a 5.3% increase in the value of the properties held in its funds. The Mall saw a 3% increase in valuations and sold shopping centres at Aberdeen in February for £47.4m, at Preston in March for £87m and at Ilford in June for £70.6m.
I think 330 to 340 would be a great entry price, i have very little free funds at moment, i am thinking of transfering more into my share acount, but have seriouse amount tied up in shares. I dont thing BVS will rise alot as all builders are not loved at the moment even with great results, CAL a property company turned a 131million loss into a 18million profit this year and the share price did not move?BVS is a great company and will come good very happy to be invested in it.
NOTIFICATION OF INTEREST DISCLOSURE PURSUANT TO SECTION DTR5 OF THE FSA DISCLOSURE & TRANSPARENCY RULES On 30 July 2010, the Company received notification that Laxey Partners Limited has an interest in 19,017,367 Ordinary shares of 1p each in Capital & Regional plc. This represents 5.42% of the issued share capital of the Company.
Hi Foxhound hope you are keeping well, and the shares are kind to you. We may get a spike in this share, if takeover rumours are true, i think alot of the building share are under priced. Price should rise in the back end with Bovis talking of paying Divi.
Year still holding making a big loss , but worried just wish i had more spare cash to top up. I cant believe TEF went down aswell after such good results. I think even if a company is gold plated it will go down at the moment. Ant idea when it will change for the better?
CAPITAL & REGIONAL PLC APPOINTS NEW CHAIRMAN Capital & Regional Plc, the co-investing property asset manager, is pleased to announce the appointment of John Clare as Chairman with effect from 29 June 2010. John was previously Group Chief Executive of Dixons Group plc between 1993 and 2007 and a non-executive Director of Hammerson between 1988 and 2009. John is currently chairman of JJB Sports and Dreams plc.