Haven't read the article, nor know the REIT particularly well, but a look at the balance sheet shows a (conservatively?) geared company, with debts in excess of £1bn, higher than a year ago.
It's possible they have £1bn headroom on undrawn facilities, plus cash, but that's not the same impression I get from a statement such as "has over a billion GBP in cash", and might explain the apparent lack of ambition to invest in land/property acquisitions currently.
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BBOX and all that money?
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- Lemon Half
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Re: BBOX and all that money?
ReallyVeryFoolish wrote:Thanks, the article I guess is paywalled. I think if anyone were to google for "Survival of the fittest", it may find the article dated 25th June. Here's a link.
https://www.investorschronicle.co.uk/sh ... e-fittest/
Just free registration will do it (and they don't spam you).
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