Capital & Regional9 Mar 2021 09:31
Firstly thanks to all for their input and views on this HMSO forum, I have been purchasing HMSO for the last 8 weeks in the lead up to this week's results and the (hopefully) inevitable boost with the easing of lockdown restrictions.
Have also been buying, for similar reasons, Capital and Regional Properties (CAL.l) who released an interesting set of final results this morning, the commentary (imo) was balanced, citing the large reduction in NAV, but the willingness of lenders to work with them to ensure convenants are still viable. Rental rates also generally on par with 2019, surprisingly good level of new rentals and rental collection slowly getting better. Prior to the latest lockdown a high level of occupancy in their malls. To be clear am not suggesting anyone should buy CAL, it is just for information in relation to HMSO. There has been a 10% SP rise yesterday and the same again so far today (and similarly to HMSO a general upward trend for the last few weeks), so am very hopeful for a strong positive movement for HMSO later this week.
Cheers