BRITISH LAND COMPANY PLC (BLND)

BRITISH LAND COMPANY PLC (BLND)

Blog posts

Hybrid AGMs and British Land

The British Land Plc (BLND) Annual General Meeting is coming up on the 17th July and I took the opportunity to review the agenda items as some are particularly interesting this year. One resolution refers to a change in the Articles which have been substantially revised. They include: A new resolution to permit “hybrid” General Meetings where some members can participate electronically instead of attending in person. But “all electronic” meetings are still not permitted. This is surely a good initiative ...

Elecosoft AGM, British Land and Apple

Yesterday I attended the Annual General Meeting of Elecosoft (ELCO) as a shareholder. Elecosoft produce software products for the building/construction industry. It’s a fairly new purchase of mine so I thought I would go along and get an impression of the company and its management. The meeting was held in the City of London at the convenient time of 12.00 noon and there were about 20 shareholders present. That’s more than I expected given the size of the business (market cap only ...

Property Companies and TR Property AGM

Yesterday I attended the Annual General Meeting of TR Property Investment Trust (TRY). I have held shares in this company for a long time, and it’s always useful to attend their AGM as you get a useful update on trends in the property market from the fund manager (Marcus Phayre-Mudge of late). As he mentioned, the fact that they hold property directly, as well as holding shares in property companies gives them a unique insight into the state of the market. Apart ...

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 ...

What’s Spooking the Commercial Property Market?

There was an interesting article in the Financial Times yesterday (12/2/2016) by Vanessa Houlder on the possibility that deduction of interest costs against profits will be disallowed by the Chancellor in his next budget. Is this is what has recently spooked the commercial property market? The British Land share price is down 25% since last November, Land Securities is down a similar percentage, and even well diversified property investment trusts such as TR Property are down 16%. Surely property companies should ...

AGM Reports

British Land (BLND) AGM Report 2016

British Land Plc, one of the largest UK commercial property companies, held its Annual General Meeting at the Montcalm Hotel in the West End of London at 11.00 am on the 19th July. A suitable venue and time. I would estimate about 100 shareholders were present on one of the hottest days of any year. First a bit of background. British Land is a FTSE-100 company REIT with assets of £9,619 million. It's a favourite of retired investors who appreciate its high ...