Company's reiterated confidence

Rents continue to rise across all Landsec business lines. The same comment applies as for British Land: at a rate well below inflation. But that in itself is good news. Landsec remains relatively positive for 2024.

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: CTEC, LAND, IMB, INF, VOD, DOCS, ATYM, RQIH, TXP, & UOG.

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: LAND, ITH, ARIX, SRAD, VANQ, GRID, OMU, & SED.

Another year of eroding NAV in 2023?

“Interest rates higher for longer” (management’s quote) should drive British landlords’ recurring EPSs in 2023-26. Landsec’s balance sheet appears resilient, despite further negative revaluations recorded in H2 22.

Initial Equity Trading Comments - 16 May 2023

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: IMB, LAND, VOD, GNS, BVIC, ALL, LIKE, & SUR.

London Offices - Initiation of Coverage - Work to do as the cycle resets

Yields shifting materially in the UK

Landsec’s actions point to assets being too expensive in many sectors in 2019-22. The company is preparing to seize opportunities later in the decade.

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: LAND, IMB, CNA, VOD, WRK, N91, UOG, & ZPHR.

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: LAND, ASC, VSVS, CCC & HDD.

Asset rotation on track

Landsec intends to shift a third of its portfolio from low-yielding mature assets to profitable new developments. Now, all leans on being abe to execute disposals quickly.

Stabilising Retail; flattish Offices

There are the first signs of a levelling performance in British Retail attributable to Retail Parks, even if both Central London shops and Regional malls continue to experience painful times. London Offices were more or less stable in H1 21 despite rising vacancy as far as LandSec was concerned.

Capital Access' Hot Off The Wires - The Day Ahead

Today's news & views, plus announcements from LAND, CCH, TRN, QLT, FOX, KOD, IPF & BVC.

Hardman & Co Monthly: October 2024

Feature article: Labour’s first Budget - Investors in their sights? Summary ► Budgets are always important for investors. ► The imminent Budget, at the end of October, will be doubly so, because it is the first from the new Labour government, and it has already signalled the need to fill an alleged £22bn black hole, while ruling out changes to more than half the tax base. That implies a lot of the pain will be felt by investors. ► This paper considers the impact of increases in rates for th

Morning Note – 30 September 2024

Global Smaller Companies

GSCT offers comprehensive exposure to small-caps worldwide…

Balancing act

Over the past three years, trusts with blended approaches rather than a strong tilt to growth or value have been at or near the top of the pack across the developed equities sectors, benefitting from their flexibility in a period of extreme style gyrations.

Clip Money is a rapidly growing NCR-backed start-up based in Ottawa, Canada, and operating in Canada and the US.

Clip Money is a rapidly growing NCR-backed start-up based in Ottawa, Canada, and operating in Canada and the US. It is helping physical stores and businesses quickly, safely, and less expensively deposit cash into their bank accounts, as well as replenishing notes and coins for store operations. The company uses its proprietary software platform to facilitate cash management, and its network is made up of a network of DropBoxes and NCR ATMs located in retail outlets. Clip also partners with Bri

Templeton Emerging Markets Investment Trust - Under-owned, undervalued & under-appreciated

Templeton Emerging Markets Investment Trust’s (TEMIT’s) co-managers Chetan Sehgal (lead manager) and Andrew Ness consider that the case for emerging markets is not well understood. Hence, they believe that the regions remain under-owned, undervalued and under-appreciated, which provides an interesting opportunity for global investors. There are several powerful trends supporting the superior economic growth prospects of emerging markets versus those in developed regions, including demographics,

Zeus Industrials Round-Up - 13 September 2024

The UK industrial sector continues to show promising signs of recovery, with manufacturing PMI reaching a 26-month high of 52.5 in August as all survey indicators but one expanded. Economic data has also been encouraging, with UK pay growth cooling to a two-year low and inflation rising only slightly in July – supporting the case for further interest rate cuts this year by the BoE.

Allenby Capital TMT Update - 09.09.24 - ENSI.L, CPX.L, TERN.L, CHSS.L, ELEG.L, CNC.L

Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.

HICL INFRASTRUCTURE: coverage dropped

We have dropped our coverage of HICL Infrastructure owing to internal reorganisation. Our rating, target price and estimates are therefore no longer valid.

Impressive progress in H1'24, forecasts maintained

Growth and income

PCI Pal - FY24 revenue growth of +20%, strong partner momentum

PCI Pal’s FY24 trading update shows FY24E revenue growth of +20% to £18.0m, strong traction with major partners, and FY24E net cash in line with our previous £4.3m. FY24E revenue of £18.0m includes a £0.7m impact from a specific project where the customer has paid in full and the company has delivered the services, but following discussions with the auditors the Board has decided to defer the revenue from FY24 into FY25. The remaining £0.4m revenue change vs our previous FY24E forecast reflects

Morning Note – 29 August 2024

All change: a closer look at the AIC’s revised sectors

This spring the Association of Investment Companies (AIC) overhauled its sector classifications, adding 13 new sectors and renaming 15 others. This decision was made in an attempt to more accurately reflect the shape of the industry, and help offer investors greater clarity when comparing peers. Several of the changes came in the alternative asset spaces and these are very welcome. Alternative assets have been an area of increased popularity in recent years, making a rationalisation of the secto

Diverse Income Trust (The) - Unloved small-caps offer long-term opportunities

The Diverse Income Trust (DIVI) aims to generate a good and growing level of income, as well as capital gains over the long term. It is not constrained by benchmarks and has a wide opportunity set across the market capitalisation spectrum to find high-quality, resilient companies that can sustain dividend growth over the long term. The managers, Gervais Williams and Martin Turner, have a small-cap bias and over two-thirds of the portfolio is outside of the FTSE 350 index. Since its inception in