I have not been a fan of British Land (BLND) for ages, and am not surprised to see its shares down over 30% during the last year. As I noted a couple of months ago, the property company may bang on about “golden triangles” but I happily continue to own zero shares in the name (even if it has now fallen out of the FTSE 100). Does today’s AGM update say anything of interest?
As always, thank you to Visual Capitaist for this graphical aid. Surprisingly, London is in the mere 'overvalued' category. Vancouver, Toronto, Amsterdam, and Munich are 'bubble risks.' Warsaw seems to be good value.
Hello Share Riders. Regular readers will know this old punter favours REIT companies. These are outfits committed to paying over most of their profits to shareholders by way of dividends. Today’s offering deals in buildings in the Smoke and home counties. It’s called Capital & Counties Properties (CAPC), known as Capco.
Apparently, the most popular share amongst retail investors is Polymetal (POLY). Although shares have plunged 80% since the invasion, it seems Joe Public cannot buy enough of them.
For the first time in a couple of years I might be visiting London in just under a couple of weeks time. Such excitement (not!) to see the Big Smoke. I read the other day that “house hunters wanting to buy a property in London this year are likely to face more competitive market conditions than in 2021…Since January, 51% more buyers have entered the market and 35% more property viewings took place”. Such is the excitement (not!) for property market thoughts for 2022, because we all know that it is easy to extrapolate any generally positive move over the last 40 years for another few years.
Hello, Share Twiddlers. As this venerable old punter has occasionally recommended Royal Dutch Shell (RDSA) on this dazzling website, I’m cheered by some interesting news at the weekend. Shareholders voted to move its headquarters from Holland to London. As shareholders will enjoy some jolly benefits from the move, the result was never much in doubt.
Hello, Share Smashers. There’s some babble going round that London property prices could crash. Many more folks want to work from home in smaller and less stressful towns and cities. So a bricks and mortar company that focuses on locations outside the Smoke is worth a look. May I introduce Palace Capital (PCA).
Hello, Share Stringers. Perhaps my current favourite house builder – and I own shares in more than one – has made some reassuring noises. Berkeley Group (BKG) reiterated its annual profit forecast as it benefits from pent-up demand and tax breaks for homebuyers. As previously expected, profits at are expected to be about £504 million.
Hello, Share Seekers. My favourite housebuilder, Berkeley Group (BKG) isn’t doing too badly given the disrupted year all builders have experienced thanks to the virus. It’s announced that first-half revenue was only down by 3.8%, to £895.9 million. It could have been much worse, but the virus has, rather perversely, caused house prices to rise which offset most of the damage.
Back in June I observed that FTSE 250 name Workspace (WKP), which describes itself as a provider of ‘inspiring, flexible work spaces with superfast technology in dynamic locations’, was a survivor in the commercial property space…but back then the big hope was that its ‘flexible offer’ would come to the rescue as ‘Workspace is ideally positioned to benefit as London recovers from the impact of the Covid-19 pandemic’. Since then the share has been up and down, although it remains well down on a year-to-date basis. And today’s first half update tells you everything you need to know why this is…
Lebanese and Eastern Mediterranean restaurants group Comptoir (COM) has announced results for the first half of 2020 including noting “challenging” market conditions but “greatly encouraged by the strength of the Comptoir brand… confident that we will emerge all the stronger out of this crisis, working in collaboration with all of our partners, as consumer confidence lifts”. Hmmm…
We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Steve from Paddington, London.
We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Resident Euroloon Jonathan from London
We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Evil Banksta, in Bromley, London...
We're inviting you to send pictures in of what you see out of your window and/or of your new workspace. Just email them to editorial@shareprophets.com . Today, we're looking at the view of Kewal in Ealing, London
Hello Share Slakers. At first blush, the results for its half year ended 31 October from my favourite builder Berkeley Group (BKG) seemed discouraging. Profit before tax come in at £276.7 million, down by 31% compared to last time...
I never had Roger Lawson of Sharesoc down as a natural wit but I did chuckle when I read his comments on Telford Homes (TEF) and London/UK house prices. He is bang on the money, echoing exactly what I said in bearcast yesterday. Anyhow back to Roger “it’s the way he tell’s ‘em”
Some might see Foxtons Group (FOXT) as a good recovery play given how far the share price has fallen in recent times... but is it?...
Theatre productions and events marketing company Reach4Entertainment (R4E) has announced results from a “challenging” 2017, which also saw “significant change for the company particularly through the appointment of a new management team in Q4 of 2017 under CEO Marc Boyan”…
Hello, Share Smashers. With the price of homes retreating, you might be tempted to stay away from house builders. But one company I think might continue to do well is Berkeley Group (BKG). I’ve covered this sprightly builder a few times over the last year or so and the trend has always been up. Other builders have struggled, but not this one.
Mr H Khan appears not to realise that tweeting out boasts about how his FTSE short paid out thanks to London, i.e.the terrorist attack at Parsons Green, is more than a bit tasteless. I tweeted a suitable reply as you can see below.
Hello Share Tellers. With house prices falling, it may seem adventurous to keep on recommending selected builders to your attentions. But if you pick your builder carefully, there is every reason to expect their business to boom.
I find myself back in London ahead of a big event tonight as I explain HERE. So I am working at the pizza place now known as Wedge Issue and run by hipster Pizza Hardman Darren Atwater. It is most excellent and I commend it to you all if you are in Clerkenwell, although I am not sure I get this hipster business at all. I'm getting old. In the main podcast I look at why the LSE Asylum just does not work. In terms of stocks I cover Independent Resources (IRG), Nyota (NYO), FastForward (FFWD),Challenger (CHAL), the joke regulation one sees on the Standard List, Regency Mines (RGM) and some coal assets some folks think will go into the joke that is "New Worthington".
Hello Share Shellers. Some of my formative years as a broadcaster were at BBC Radio Leeds. It was in the centre of that fair city in a shopping paradise called the the Merrion Centre. Happy days!
Hello Share Pingers. For the last few years I’ve poured scorn on investing in most retail chains. This is because of the encroachment of on-line shopping. But I’ve changed my mind. For one thing the big retailers have built up blistering on-line operations of their own. They are putting up a strong front of competition to long-time on-line specialists like ASOS (ASC).
Hello Share Ticklers. I’ve just bought a bit of the City of London Investment Group (CLIG). Those of you with long memories may remember I’ve previously a piece or two commending this holding company to your further researches.
Already down to sub 100p having commenced 2016 at 188p, has a full-year trading update helped shares in London estate agency Foxtons (FOXT) recover somewhat? Er, nope…
Estate agents took a big hit last week when Chancellor Philip Hammond’s Autumn Statement revealed a surprise, in the form of a ban on letting fees.
I am not sure if this tape of a customer and his London stockbroker is kosher or not. It sounds real enough and I warn you that the language is awful. Even I would not use some of the words here. Enjoy
So far I have been wrong about Purplebricks (PURP), but despite that I still view it as over-valued at the moment.
Having recently been “very excited” to announce a second ‘Time Out Market’, Time Out Group (TMO) is now “absolutely delighted to announce that we will be bringing our unique Time Out Market format to London”. The following reviews with the stock market not particularly delighted – the shares currently 1.4% higher at 141p, still comfortably below the 150p June IPO price…
Hello Share Punchers. I’m not sure that I did not cover my favourite builder Galliford Try (GFRD) rather too recently. But when a share commentator like myself is more convinced of one of his subjects' future success more than many of his others, he should press the point more than once.
Hello Share Samplers. At the risk of annoying some of my gloomier detractors, I continue to argue that house builders are a good investment at the mo. A good friend of mine has just bought a large house in a very swish part of the Smoke. I admit this could be a mistake, as some London house prices are under threat because of Brexit. Fewer rich foreigners will buy here, it is argued, because the capital will no longer be seen as the centre of the financial universe.
I previously updated on my share tips of the year just after the Brexit vote – see HERE. The following updates on developments since…
Self-described “market leading recruitment business” Kellan (KLN) has announced results for the first six months of 2016. The shares are currently down 24%, to 0.95p, in response...
Having slumped from 2p following a profit warning in May, shares in Ten Alps (TAL) are currently recovering slightly on the back of a “Closure of Ten Alps Media Limited” announcement...
Foxtons (FOXT) shares reached an all-time low since their 2013 flotation in the wake of the EU referendum, and despite recovering from that nadir, sentiment remains weak. The shares are changing hands today at 113p, 8% lower on the day, in the aftermath of their latest interim results.
Estate agents and housebuilders plummeted after Britain voted to leave the EU, as the chances of a slump in the property market were seen by some as having increased as a result of that outcome. I have no doubt that some companies in these sectors will be badly hit, especially those whose business is focussed around higher end properties in London, such as Foxtons, but for others I see the recent drops in share price as presenting a buying opportunity, especially when taking a longer term view.
Hello Share Smashers. The big vote is only a gnat's bite away now. I'm still undecided. Perhaps I won't bother, as my dear old dad used to say that no election was ever decided by one vote, anyway. But any road up, it is not wise to either buy or sell shares at the moment, in my view. Not unless there is a pressing individual reason why a stock should be acquired ot dumped.
I’ve been fairly bearish on property in general for the past year or so, and whilst I was possibly a little premature in covering a couple of the larger estate agents as shorts, they have ultimately fallen since then.
This morning brings news of continued very high profitability at Telford Homes (TEF), the AIM-listed developer of London properties.
Thanks entirely to the courageous investigative journalism of the snot gobbler Dan “microscopic cojones” McCrum at the FT, ex Globo (GBO) boss Costis Papadimitrakopoulos is now formally in the soup – the company has reported him for fraud to “the appropriate law enforcement agencies in the UK, Greece and Cyprus.”
Interrupted by fuckwit PR men and a host of other things this is not a good day. But at least in 48 hours Pizza hardman Darren Atwater has the FSAL headache and I shall be away from acursed London and back in Bristol. On the podcast today: Outsourcery (OUT), Wandicso (WAND), Paragon Diamonds (PRG), Sefton Resources (SER), Fitbug (FITB), Koovs (KOOV), Boohoo.com (BOO), Daniel Stewart (DAN), Golden Saint Resources (GSR) and Blur (BLUR).
Hello Share Sprigs. I become fed up with the number of people who tell me I should stop trading shares and invest in houses instead. A family member even told me this week ‘House prices never fall.’ But they jolly well do, don’t they?
As we head into 2015, infamous bear raider Evil Knievil and I had a brief chat this morning about his top shorting ideas for 2015.
Hello Share Crashers: It is worth looking at house builders again. I think some of these companies will see a hefty rise in their share prices soon.Yes, I know that house prices have stabilised lately. In fact, the cost of London homes has just dipped. But surely we all expected that in the capital: property prices there were getting out of hand.
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