Blog posts

Property Shares Spooked by Land Securities and Pets at Home Accounts Attacked

Land Securities Group (LAND) published their annual results yesterday. I don’t hold the stock but what they said seems to have spooked the whole property sector. The company is a large holder of both retail and office property. For retail property, only 38% of rents due were collected within 10 days of the due date in March. For offices it was better at 89% but that is still down from the prior year at the same time. What possibly really scared people ...

Pay at HSBC and Santander, Net Worth, Duplicate Dividends and Persimmon

Apparently bankers still live in an unreal world so far as most of us are concerned, even after the financial crisis of ten years ago when their remuneration was attacked. The Financial Times covered two stories on the pay of bankers in today’s edition (16/7/2019). The first was on the opposition to pay at Standard Chartered and comments from the CEO, Bill Winters, on it after a vote of almost 40% against their pay policy in May. The concern is mainly ...

Pets at Home -one for pet lovers?

Pets at Home Group is one of the few upcoming IPOs that will be open to retail investors. A "pre-announcement" that gives some details of the float has already been issued. Financial information so far supplied is not detailed but revenue was £598 last year from 369 retail stores and 246 small animal veterinary surgeries. The retail stores often include in-store grooming salons (for pets of course, not their owners). The business is currently owned by KKR and they seemed to have ...
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