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Blimey - BLND took a hammering today.

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OLTB
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Blimey - BLND took a hammering today.

#171480

Postby OLTB » October 4th, 2018, 7:34 pm

I know it was the ex-div date, but crikey.

Cheers, OLTB.

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Re: Blimey - BLND took a hammering today.

#171484

Postby maximan » October 4th, 2018, 7:44 pm

Hi OLTB
Yes 31.4p down and divi only accounted for 7.75p.
I can only think this was due to Brexit woes.

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Re: Blimey - BLND took a hammering today.

#171489

Postby Dod101 » October 4th, 2018, 8:28 pm

The market in general was well down today, but I sold British Land a few weeks ago because the price was drifting down and I thought London offices could take a hit.

I have subscribed for Smithson with the proceeds.

Dod

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Re: Blimey - BLND Yield up

#171490

Postby PinkDalek » October 4th, 2018, 8:30 pm

Just sayin'. ;)

Plus, there is the other B word on the horizon, The Budget.

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Re: Blimey - BLND took a hammering today.

#171491

Postby CommissarJones » October 4th, 2018, 8:31 pm

IMV the cause of the drop is more likely to be Fed Chairman Jerome Powell's "we're a long way from neutral" comment on interest rates.

https://www.cnbc.com/2018/10/03/powell- ... rates.html

Real estate is nothing if not a rate-sensitive sector. SGRO and LAND also got pasted today.

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Re: Blimey - BLND took a hammering today.

#171492

Postby Dod101 » October 4th, 2018, 8:43 pm

It should hardly be a surprise that interest rates are likely to rise.

Dod

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Re: Blimey - BLND took a hammering today.

#171496

Postby OLTB » October 4th, 2018, 8:57 pm

I see - thanks chaps.

I know that we’re all about the income, but considering the general retail sector’s woes, if landlords like BLND may have to accept lower rents or indeed more properties with void periods, this may lead to reduced income and therefore reduced dividends. If I held retail and BLND which some may have in their portfolio, this may be a double whammy hit on income if both sectors are feeling the pinch.

Cheers, OLTB.

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Re: Blimey - BLND took a hammering today.

#171521

Postby moorfield » October 4th, 2018, 10:48 pm

OLTB wrote:Blimey - BLND took a hammering today.


Blimey - BLND yield soared today.

Hamburgers just got cheaper ...

idpickering
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Re: Blimey - BLND took a hammering today.

#171549

Postby idpickering » October 5th, 2018, 6:12 am

moorfield wrote:
OLTB wrote:Blimey - BLND took a hammering today.


Blimey - BLND yield soared today.

Hamburgers just got cheaper ...


Quite obviously true, however I'm not impressed. I've held British Land for 8 years and the sp has gone nowhere. In fact yesterday it fell into negative territory. To be honest I wish I'd dropped them before now, the income is not cheaply bought (to quote Dod I think?). There are better shares out there. I have Taylor Wimpey and Persimmon on board too. Don't be surprised if I drop BLND today....maybe. ;)

Ian.

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Re: Blimey - BLND took a hammering today.

#171550

Postby IanTHughes » October 5th, 2018, 6:40 am

idpickering wrote: I've held British Land for 8 years and the sp has gone nowhere. In fact yesterday it fell into negative territory. To be honest I wish I'd dropped them before now, the income is not cheaply bought (to quote Dod I think?). There are better shares out there. I have Taylor Wimpey and Persimmon on board too. Don't be surprised if I drop BLND today....maybe.

Wow! As you may know, I entirely agree that Income is the primary aim of an HYP but your cavalier attitude to Capital Value by selling at a loss surprises even me :D You should have done as dod1010 reported and sold a few weeks ago. If only he would let us in to his insights before it is too late.

Seriously though, do you really think your best solution is to sell a holding that to my mind now provides a yield that is at last interesting? Should you not be thinking of a top-up? Please note that I am not a holder and have not done any research into BLND, but I am curious as to why you think it is no longer an HYP candidate?


Ian

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Re: Blimey - BLND took a hammering today.

#171551

Postby idpickering » October 5th, 2018, 6:43 am

Further to my post, I may well just do the HYP thing, as I should, and just concentrate on the income, and hold on. We'll see. If I was to sell, I've no idea where to redeploy the cash currently, as I have all those that take my fancy in my screening already. Hmm?

Ian.

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Re: Blimey - BLND took a hammering today.

#171555

Postby Arborbridge » October 5th, 2018, 7:25 am

I had a quick glance at the Hargreaves table of FTSE risers and fallers yesterday, and my first thought was: "blimey, some of our HYP shares are taking big hits today". It wasn't just Blnd by any means.

I would have thought worries about London office space might have impacted the company well before now, so I don't think this is the answer. My XIRR for B Land may have been hit by Brexit and Trump effects as have many other companies - which I also see reflected in the performance of some well known "HYP-like" ITs* - but the decline started before that, so what's going on? Is it just that London property is overvalued? Perhaps, it is an occupational hazard when investing in property.

Note that BATs has the shakes as well - maybe we should be doing the "HYP-like" thing and taking this opportunity to top-up - either now, or later when things really get rough, with the fall out from a long bull-market** and leaving the EU.

Arb.


*Hyp-like in the sense that they invest in a similar group of shares.

** I've often thought about this. One day, as is inevitable, we could suffer another 20-40% drop - and what would our reactions be? Sell off and start all over again building our HYPs? Hold tight, of course. But it'll need steady nerves when your capital values go haywire across the board.

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Re: Blimey - BLND took a hammering today.

#171559

Postby TUK020 » October 5th, 2018, 7:32 am

Arborbridge wrote:
** I've often thought about this. One day, as is inevitable, we could suffer another 20-40% drop - and what would our reactions be? Sell off and start all over again building our HYPs? Hold tight, of course. But it'll need steady nerves when your capital values go haywire across the board.


Aha, I thought this was the purpose of the 'no-look November'. Get us in training for this moment

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Re: Blimey - BLND took a hammering today.

#171564

Postby idpickering » October 5th, 2018, 7:38 am

Arborbridge wrote:I had a quick glance at the Hargreaves table of FTSE risers and fallers yesterday, and my first thought was: "blimey, some of our HYP shares are taking big hits today". It wasn't just Blnd by any means.

I would have thought worries about London office space might have impacted the company well before now, so I don't think this is the answer. My XIRR for B Land may have been hit by Brexit and Trump effects as have many other companies - which I also see reflected in the performance of some well known "HYP-like" ITs* - but the decline started before that, so what's going on? Is it just that London property is overvalued? Perhaps, it is an occupational hazard when investing in property.

Note that BATs has the shakes as well - maybe we should be doing the "HYP-like" thing and taking this opportunity to top-up - either now, or later when things really get rough, with the fall out from a long bull-market** and leaving the EU.

Arb.


*Hyp-like in the sense that they invest in a similar group of shares.

** I've often thought about this. One day, as is inevitable, we could suffer another 20-40% drop - and what would our reactions be? Sell off and start all over again building our HYPs? Hold tight, of course. But it'll need steady nerves when your capital values go haywire across the board.


Wise words indeed Arb, thank you. I really should be a grown up HYPer, and just do what it says on the HYP tin.

Ian.

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Re: Blimey - BLND took a hammering today.

#171571

Postby Arborbridge » October 5th, 2018, 7:52 am

idpickering wrote:Wise words indeed Arb, thank you. I really should be a grown up HYPer, and just do what it says on the HYP tin.

Ian.


Health warning: I could well be utterly wrong! DYOR as ever. If this type of investing gets too hot, or one isn't getting a satisfactory long term result, there are plenty of alternatives 8-)

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Re: Blimey - BLND took a hammering today.

#171573

Postby idpickering » October 5th, 2018, 7:57 am

Arborbridge wrote:
idpickering wrote:Wise words indeed Arb, thank you. I really should be a grown up HYPer, and just do what it says on the HYP tin.

Ian.


Health warning: I could well be utterly wrong! DYOR as ever. If this type of investing gets too hot, or one isn't getting a satisfactory long term result, there are plenty of alternatives 8-)


You're on form today Arb. Message received and understood.

Ian.

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Re: Blimey - BLND took a hammering today.

#171578

Postby moorfield » October 5th, 2018, 8:11 am

idpickering wrote:Quite obviously true, however I'm not impressed. I've held British Land for 8 years and the sp has gone nowhere. In fact yesterday it fell into negative territory. To be honest I wish I'd dropped them before now, the income is not cheaply bought (to quote Dod I think?). There are better shares out there. I have Taylor Wimpey and Persimmon on board too. Don't be surprised if I drop BLND today....maybe. ;)


I don't hold but I can see the dividend has been rising steadily over the past 5 years: http://www.britishland.com/investors/dividends

At 5% yield you should be buying more Ian, not knee-jerk selling (what are you going to replace with yielding >5% ?)

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Re: Blimey - BLND took a hammering today.

#171581

Postby idpickering » October 5th, 2018, 8:16 am

moorfield wrote:
idpickering wrote:Quite obviously true, however I'm not impressed. I've held British Land for 8 years and the sp has gone nowhere. In fact yesterday it fell into negative territory. To be honest I wish I'd dropped them before now, the income is not cheaply bought (to quote Dod I think?). There are better shares out there. I have Taylor Wimpey and Persimmon on board too. Don't be surprised if I drop BLND today....maybe. ;)


I don't hold but I can see the dividend has been rising steadily over the past 5 years: http://www.britishland.com/investors/dividends

At 5% yield you should be buying more Ian, not knee-jerk selling (what are you going to replace with yielding >5% ?)


Thank you moorfield, you are absolutely correct. For what's worth BLND are up 2% as I type. I'm going to do the right HYP thing and hold on. Where else am I likely to find that yield anyway? The costs involved too. I'm staying put with BLND, the best REIT for a HYP IMHO.

Ian.

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Re: Blimey - BLND took a hammering today.

#171583

Postby Dod101 » October 5th, 2018, 8:25 am

You could take a look at Primary Health Properties. Their share price does not do much but they are steady and yield around 4.6%

Dod

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Re: Blimey - BLND took a hammering today.

#171593

Postby IanTHughes » October 5th, 2018, 9:11 am

Dod101 wrote:You could take a look at Primary Health Properties. Their share price does not do much but they are steady and yield around 4.6%

Sell a holding yielding over 5.00% and replace it with one offering 4.60%? One of us is on the wrong board and I do not believe it is me!


Ian


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