Between now and 28th July you can win a week at the Greek Hovel paying just a cleaning and pool fee – by explaining in 300-1000 words why if you had to bet everything on one share on a three year view what that share would be. To see how to enter go HERE and PLEASE KEEP SENDING IN ENTRIES. Twenty Fourth up is my friend and fellow Hammer the Euroloon Jonathan Price
I was not surprised to read that the latest Rightmove (RMV) house price survey was very mixed. I think you can all guess what the tabloid thoughts for 2024 performance are going to be on akin matters. Meanwhile, I see that British Land (BLND) observed in its first half numbers today that it “now expect ERV (estimated rental value) growth at the top end of our previous guidance for FY24”. Has it really bucked the poor housing market trend?
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?
If I was lazy, then I would just tell you all to re-read my article from six months ago titled “Sage Group continues to perform, whilst British Land continues not to”. Fundamentally, the call remains unchanged as Sage Group (SGE) remains a relevant business for the next few years, whilst prospects for British Land (BLND) remain…debatable. But are either of them at a good level to buy new shares in?
I am pleased to see Sage Group (SGE) shares back up to a circa 800p share price after the publication of its full-year numbers earlier today. Six months ago, I noted that I was “once again…in love with Sage Group shares”. Even though I am not a personal user of its small business capabilities, it is still super relevant from a cloud and ongoing new R&D perspective. But, whilst the share was cheap in May, it looks closer to being a fairer value today. In short, time to take some nice profits at Sage Group. So, if one of Newcastle’s FTSE 100 finest is doing well, what about the more London-focused British Land (BLND)?
It is always an interesting moment when an outgoing CEO of a troubled business writes their final set of results thoughts. We have this today in commercial property name British Land (BLND), a company which back in July I observed had an office business which 'remains a slower car crash'...
Hello, Share Takers. You might think it odd that I commend to your further inquiry a company that relies on office rents and town centre commerce for its income. But it seems to me that the British Land (BLND) share price is too low. Especially if you bear in mind that the virus won’t last forever. It will disappear with an effective vaccine, if not sooner from a natural death. And British Land is doing better than expected in the virus’s unpleasant reign...
According to my pocket calculator, British Land (BLND) is sitting at just under a 45% discount to NAV. That is better than the dog days of mid-March but still reflects a sharp discount expansion from the start of the year or versus longer-term norms. No surprises there, but it would like to tell you that today's full year numbers (to the end of March) are naturally a game of two periods, pre the pandemic and post the start of the pandemic…but I think the evidence is somewhat different...
Hello Share Twiddlers. I think I've commended British Land (BLND) to your further inquiry in the past. But stories change and I’ve modified my optimistic view. I feel the latest set of - half-year - numbers isn't too encouraging. The company lets out property to retailers. And we all know the High Street has been beset by closures and liquidations recently. For British Land, net rental income fell by nearly a tenth to £243 million...
Hello Share Trudgers. British Land (BLND) is not a company I might invest in at the moment. It rents space to retailers for one thing. And as stores struggle with higher business rates and the fact that many more of us choose to do our shopping online, the high street store is under fire.
Hello, Share Cinchers. It’s been a while since I last commended British Land (BLND) to you. I don’t regret that, though the share was falling at the time and has yet to really rebound. The company deals in what they are not making any more of and it owns it around the UK, including where it’s most costly: London.
