Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BRITISH LAND CO PLC. We currently have 8 research reports from 3 professional analysts.
|15Feb17 17:11||RNS||Director/PDMR Shareholding|
|15Feb17 17:08||RNS||Director/PDMR Shareholding|
|07Feb17 18:19||RNS||Holding(s) in Company|
|31Jan17 14:45||RNS||Total Voting Rights|
|31Jan17 07:00||RNS||British Land - 7 Clarges St letting update|
|19Jan17 07:00||RNS||Third Quarter Trading Statement|
|17Jan17 14:49||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
BRITISH LAND CO PLC
BRITISH LAND CO PLC
17 May 16
London is expected to stage a modest rally at today's opening, with the FTSE-100 gaining some 20 points. US stocks, which closed higher overnight as equities rebounded from three straight weeks of declines, were supported by surging in oil prices and a rally in tech stocks. Warren Buffett's Berkshire Hathaway provides the unexpected market support declaring a US$1bn stake in Apple, which rallied the shares and was sufficient to overcome cautionary sentiment following the weaker-than-expected New York manufacturing data released yesterday. Asia, by comparison ended mixed, with investors waiting for Zhang Dejiang, the No. 3 official in the Chinese central government, who is expected to speak at an economic conference tomorrow regarding China's "One Belt One Road" initiative. In the UK this morning, expect release of Inflation data, producer prices and the ONS house price index, while later this afternoon, US real earnings and inflation figures; results are expected.
Panmure Morning Note 19-01-16
19 Jan 16
Equity market weakness may persist for some time while the imbalances caused by weak global growth, oil and commodity prices and currency wars play out. UK commercial property looks a safe haven, in our view, backed by a robust domestic economy, supply scarcity, low interest rates and non-oil based currency. The challenges are to capture the current strength, while balancing the financial and property risks. These are central to the British Land strategy. The low gearing, coupled with a clear ability to operationally out-perform (as today's update evidences) indicates that the management is well prepared. We consider the 20% discount to NAV unjustified and retain our Buy recommendation and target price at par with the one year forward NAV.
Panmure Morning Note 02-09-15
02 Sep 15
British Land has a diverse retail portfolio which includes some prime shopping parks as well as a number of standalone bulky retail and supermarket shops spread around the country. Management has assessed the assets in the light of data on consumer behaviour and recognises that some weak assets can be revitalised whereas other may not. Consequently the group will continue a selective disposal strategy and unlock value in the balance. The group is well managed and differentiates itself by actively managing the liabilities as well as the asset portfolio to drive returns. We upgrade our target price to 1008p (from 994p) and retain our BUY recommendation.
Panmure Research - Property 01-09-15
01 Sep 15
UK retail property has suffered twin headwinds of weak consumer sentiment and the structural impact from online distribution. There is now sufficient data on consumer behaviour for retailers to be confident about their omni-channel strategies and implement them. We believe that this will have a profound effect on retail property valuations with the polarity between vibrant and weak locations being rapidly exacerbated. Landlords with strong retailer relationships, a contemporary offer and, crucially, the financial resources to keep the centres state of the art should excel and we foresee robust growth in those property values. Our analysis makes Hammerson the winner and Intu is the loser.
Panmure Morning Note 29-07-15
29 Jul 15
The sale of 39 Victoria Street for £139m is in line with the group strategy to recycle capital once the asset management process has been completed. This office building was acquired for £40m, refurbished in 2013 and let on a lease maturing in 2029 to a government body. The funds are being recycled into the Paddington Basin estate where the group acquired One Sheldon Square (which replaces the income lost) earlier this year and is on site at 4 Kingdom Street. We retain our Buy stance and 994p target price.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
Industry fundamentals remain positive
21 Feb 17
The Biotech Growth Trust (BIOG) is a specialist vehicle, aiming to generate long-term capital growth via investment in global biotech stocks. Following a particularly volatile period for the biotech industry, where concerns about drug pricing and investor risk aversion have weighed heavily on stock prices, the managers are hopeful that greater clarity regarding US healthcare policy will lead to continued improved performance of biotech stocks. Industry fundamentals remain attractive, including continued innovation and valuations are very supportive, which offers the potential for higher industry merger and acquisition activity.
Small Cap Breakfast
16 Feb 17
Saffron Energy—Schedule One update. Raising £2.5m, expected Mkt Cap £7.7m. Admission due 24 Feb. Italian Oil & Gas Play Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb. Arix Bioscience — Intention to float on the main market from the global healthcare and life science Company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management
13 Feb 17
Surface Transforms* (SCE): H1 results confirm operational progress (CORP) | Premaitha Health* (NIPT): European diagnostics partnership (CORP) | Lok'nStore* (LOK): Filling existing stores, developing new ones (CORP) | Victoria* (VCP): Entry into the European flooring market (CORP) | eg solutions* (EGS): Exceptional H2 performance (CORP)
Middle Britain growth
21 Feb 17
The Company has achieved our 2017 estimate in 2016 with EBITDA of £2.2m, up 37% on 2015. We upgrade our estimates by 10% at the EBITDA level in 2017. If the shares traded even at the lower end of comparators, they would trade at 17p. We expect the share price to reach our upgraded 17p price target in the short term. Few companies enjoy the unique positioning which Lighthouse has to benefit from the assets of Middle Britain.
Share & share alike
14 Feb 17
The rally in the last fortnight, highlighted in the table, reflects a continued flow of positive updates and economic news. The FTSE 250, Small cap and Fledgling indices have reached record highs. We are in the lull ahead of results for those companies with a December year end, a welter of economic data regarding the UK economy, the State of the Union address in the US on 28 February and the UK Budget on Wednesday 8 March. We will learn at that stage the latest forecasts from the Office of Budget Responsibility. As highlighted previously, the reaction to corporate updates will continue to set the tone.