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(LAND) Land Securities Group General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 10, 2015.

  1. Microem1

    Microem1 Administrator

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    (LAND) Land Securities Group General Share Chat
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    Read Beaufort Securities's note on LAND SECURITIES GROUP PLC (LAND), out this morning, by visiting https://www.research-tree.com/company/GB0031809436

    "The company posted a strong performance for the year as revenue profit, net asset value per share and lease terms increased, while net debt declined. The company's smart asset management and balance sheet discipline ensured the business is in a robust position. This is evident from the proposed rise of 9.9% in dividend. We believe that Britain's impending EU referendum has led to uncertainty in the business and slowdown in decision making as several policies may change if the country votes in favour of leaving the EU. However, the company's portfolio comprises a number of high-quality, resilient property assets, which place it well among peers. Thus..."
     
  3. Mongoose82

    Mongoose82 A Legendary Member

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    Read AlphaValue's note on LAND SECURITIES GROUP PLC (LAND), out this morning, by visiting https://www.research-tree.com/company/GB0031809436

    "Land Securities published its FY16 (end March) results. Profit stood at £362m, up 10% yoy, or an adjusted EPS of 45.7p and the dividend was increased by 9.9% to 35p. Basic NAV gained 10.3% yoy to 1482p. Occupier conditions remained strong, with footfall up 3.4% vs a decrease of 1.3% at the national level, and same store sales gained 1.5%, also ahead of the benchmark..."
     
  4. Groucho

    Groucho Member

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    Land Securities, Waiting To Pounce 20 October 2017
    Share Price: 988p Target Price: 1150p (+16%)

    Land Securites (LAND) is the UK’s largest commercial property landlord, focused upon London Ofces and Retail Property in key UK locatons. The quality of the portolio has increased over the past few years, with the average ofce lease length now 10.3 years - its longest ever - and with an overall loan-to-value rato (LTV) at c21%, the business is well positoned to take advantage of weakening commercial property prices. Trading on a 32% discount to FY-18E Net Asset Value, and yielding over 4%, we believe that the current share price is excessively factoring in the Brexit efect on UK commercial property. We look for a double- digit total return over the coming 12 months, although can see no obvious catalyst for the share price today.
    We thus ascribe a Long Term Buy recommendaton with target price of 1150p.
    https://www.beaufortsecurities.com/img/pdfs/research/landsecurities201017.pdf
     

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