Blogs

Latest Blogs

NewRiver Retail (NRR) Reconstruction and Complex Pay Scheme

NewRiver Retail announced before their AGM on the 12th July that they were going to change their domicile from Guernsey to the UK. This will assist with their move...

British Land (BLND) AGM Report

It was a hot day in London yesterday for the British Land AGM, but shareholders stayed cool in the meeting despite the share price being way down from last year. This is a only a very brief summary of the full report I have written for ShareSoc members and just covers the interesting aspects so far as investing in commercial property is concerned. First a bit of background. British Land is a FTSE-100 company REIT with assets of £9,619 million. It's a ...

Bonds, Insider Trading and New Business Secretary

The risks inherent in open-ended property funds have received a lot of media coverage of late - see my blog post of the 5th July which simply said they should be avoided. With many such funds closing so that investors could not take their money out, the risks inherent in providing liquidity to investors when the underlying assets (namely buildings) are highly illiquid have become apparent. Paul Killik had an article published in Saturday's FTMoney (16/7/2016) that made some highly intelligent comments ...

McColls Retail Group – A Transformational Deal?

McColl’s Retail Group is a chain of 1,352 “convenience” and “newsagent” stores. After the market closed last night they announced the acquisition of 298 convenience stores from the Co-Op...

May The Force Be With You

That is surely an appropriate headline to follow the selection of Theresa May as Prime Minister designate. That was particularly so when she promised to attack the company "fat cats" and vested interests. Specifically for investors she said that "The people who run big businesses are supposed to be accountable to outsiders, to non-executive directors, who are supposed to ask the difficult questions, think about the long term and defend the interests of shareholders. As we have seen time and time again, ...