Today's fall

lse:blnd

#1

Anybody any ideas on the reasons for today’s 3 percent fall in the SP given the FTSE100 is currently up 0.33percent or 14 points? I have been unable to find information on possible reasons myself.

Kind regards

TJ


#2

Partly due to going ex-div, but doesn’t completely explain it (div is 7.52pps)


#3

It had risen around £1 over previous 8 weeks so yesterday’s & today’s falls possibly profit taking.


#4

could be a sector trend. Hammerson and Derwent also saw sharp falls today.


#5

def a sector gloom - Land also well off today - dont know what caused it though!


#6

Brexit, of course! (Smiley face).


#7

Well it is tipped as a potential Buy for 2018 by HL today.

https://www.hl.co.uk/shares/five-investment-ideas-2018

GLTA
CM


#8

Fall caused by negative retailer Xmas news, especially Debenhams


#9

And more recently the demise of Maplin and Toys R US and many restaurant companies struggling.

Although a lot of BLND is office blocks etc I think there is a great deal of uncertainty and weakness in the market. Property valuations and rents will suffer.

Bland has dropped from mid 800’s highs in the last few years and is now closer to financial crisis levels…

I dont see much upside for the time being imo, just plodding along at the relatively good divi. Until, that is a major correction, and then it will be timing to get out!


#10

According to Estates Gazette British Land owns 6 Toys R Us stores. https://www.egi.co.uk/news/toys-r-us-on-brink-of-closure/