Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Do you believe that British Land (BLND) has everything under control after announcing earlier today that it had collected 88% of office and 36% of retail rent due to it for the June quarter? As for what is still owed to it, it is engaging on a 'case by case basis'. You bet it is... As I wrote in late May, 'I guess anyone can get a high rent collected metric if you fudge through deferral, forgiving it or moving it to a different schedule...that still sounds like a future day of reckoning to me'. The shares are lower than when I wrote on the stock above and suggested shareholders should be selling at above four quid a share and that non-investors should not bother…
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.