Havent the foggiest how to value this stock after the recent corporate action and to be honest I havent the patience either being on hols but all i can say is its been a corker of a momentum stock with big gains of late.

Please keep that in mind and DYOR.

No chart unless someone can post an updated one up.

Will post present broker forecasts below.......

Capital & Regional PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Arbuthnot Securities
24-08-09 NEUT

KBC Peel Hunt Ltd [R]
21-08-09 HOLD 36.45 35.49 12.00


GROWTH
2008 (A) (E) (E)

Norm. EPS % % %
DPS -18.52% % %

INVESTMENT RATIOS
2008 (A) (E) (E)

EBITDA -403.40m m m

EBIT -404.00m m m

Dividend Yield 56.41% % %

Dividend Cover -27.68x x x

PER -0.06x x x

PEG f f f

Net Asset Value PS 254.94p p p


dyor

Well done Master! Got in at 33p after your comments and a study of the form and charts. The placing was always going to hold these up and it was just a matter of time as to when they rose. Just got out under 40p and I'm quite happy with that.

Will watch from the sidelines for now.

BROKER CALL: Capital & Regional upgraded
16 October, 2009 07:01:27 AM


JP Morgan goes to overweight from neutral with a 40p target price. Broker calls it a highly geared recovery play.

What do you think GF 40p or worth holding ? .

getting ready for a BREAKOUT

dealerdear

re - Well done Master! Got in at 33p after your comments and a study of the form and charts.

well done, I am still on them as the volume was very good last Friday and now the rewards are being felt, one step closer to BREAKOUT as we got through 40p.

Strong order book / Level 2 at the end

Property investment manager, Capital & Regional has exchanged contracts for the sale of its head office at 10 Lower Grosvenor Place, London, to Kardamyla Holdings for 10.5m cash. Completion will take place in February 2010.

The Company says the proceeds will be used to repay the 7.44m debt outstanding on the property with the balance being retained in cash.

dealerdear

I got out today at 40.75p, as it seems the news did nothing for the share price and the volume was slowing from last Friday.

If there is any retracement on the days ahead, then maybe I will have a closer look again.

I was expecting a BREAKOUT but as the volume has almost gone then there is not much change of that at the moment.

Yes I'm glad I got out. I find once you've made your money, lock-in your profits and move on. I've no idea where this is going now so why stay in.

i think this is a great long term,short play might suprise u in the short term too

We shall see. In the meantime I see no reson to buy in again at the moment.

One for the "UPS"

CAL 31.125p ( 31 / 31.25p )

Reason: Positive news today of large profit from losses with balance sheet sorted and NAV of 43p or 52p EPRA and rising ( 40% discount ). Directors buying large during the last 2 month. Brokers giving buy recomendations last month as it was Investors Chronicle

Intraday

2 month Candlestick with volume

3 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 2 days

Talk about a share that has gone nowhere for ages!

The last couple of weeks though there has been some life in it which suggests Master you may well be right.

It looks a turnaround in first half

* H1 pretax profit 18 mln stg vs loss of 131 mln stg
* Net debt at June-end falls to 48 mln stg
* Says outlook for sector to remain challenging

Aug 11 (Reuters) - British property fund manager Capital & Regional Plc (CAL.L) swung to a first-half pretax profit, helped by higher property values and disposal of assets.

The company said it sold 10 properties for 378 million pounds ($599.3 million), with its share comprising of 80 million pounds.

UK fund property valuations were up 5.3 percent for the year to date, said Capital & Regional, which invests in leisure centres and shopping malls in Britain.

"The outlook for the sector remains challenging and we will as a consequence continue to manage the balance sheet prudently," Chief Executive Hugh Scott-Barrett said in a statement.

Pretax profit for the six months ended June 30 was 18 million pounds compared with a loss of 131 million pounds a year ago.

European Public Real Estate Association net assets were 52 pence per share on June 30, from 47 pence a share at December-end.

Net debt at June end fell to 48 million pounds from 63 million pounds at December end, helped by repayment of a loan through an asset sale.

Property under management at June end was 2.9 billion pounds compared to 3.1 billion pounds at December end.

A good push last Friday, looking forward to tomorrow, large volume for the last few days.

I have come across Investor Chronicle from 17th August.
I post it below in case anyone hasn't seen it.

Property fund manager Capital & Regional is restructuring its way towards recovery, reporting increased net asset value, a return to profit, and healthy valuation gains at its three main funds.

Following on from last month's , it completed the 136m disposal of four shopping centres at a 6 per cent premium to book value, days after releasing interim results. The sales will reduce gearing in the fund, with a target of reaching 65 per cent by 2014. Across all three funds, disposals of 378m were made in the first half of the year.

The 'magnifier' effect of gearing means C&R's NAV gains have been the highest in the sector, although with experts predicting a 'double dip' in values ahead, this outperformance could have a time limit. However, on balance sheet borrowings are under control, and the anticipated sale of the Great Northern Warehouse will restore a net cash position.

In future, C&R could benefit from consolidation within the property funds sector, having shown its prowess in complicated commercial mortgage backed securities refinancing. "We've got through a process a number of others are just beginning to come to terms with," says chief executive Hugh Scott-Barrett. "Consolidation opportunities is one area where we should focus our energies."

Broker KBC Peel Hunt forecasts headline NAV of 59.2p this year, up from 47p in 2009.

this has been so quiet.
i think should start moving from here.

Highlights of the results today:

Continued strengthening of financial position

-- Growth in net assets per share to GBP0.56, up 12% from the 2010 year end, and EPRA net assets per share to GBP0.63, up 11% from 2010 year end

-- Robust recurring pre-tax profit of GBP16.4 million, up 10% from 2010
-- Group share of cash distributions from funds and joint ventures of GBP15.7 million
-- Group net debt to equity ratio falling to 24% compared to 29% at 2010 year end

-- Sale of six properties in The Mall and The Junction for GBP370.0 million, at or above valuation

-- Acquisitions of The Waterside Shopping Centre in Lincoln and Schwabisch Hall in Germany and the recycling of cash distributions to increase the Group's investment in The Mall Fund to 20.15% shortly after the year end

Impressive operational performance in challenging market conditions

-- Strong asset management delivering 101 new lettings and 57 lease renewals at, or above ERV across the UK funds

-- Strengthening UK fund occupancy of 96.8%, up 0.6% from the 2010 year end and
-- Uplift in The Mall footfall of 3.2% and outperformance of the national index by 3.7%

-- Continuing improvement in reducing our environmental impact with a 9% reduction in The Mall energy consumption and 7% reduction in carbon output across the Group

-- Positive momentum in delivering the asset management and development pipeline

Commenting on the results John Clare, Chairman said

"I am delighted to report an increase in net asset value of 12% to 56 pence per share and an increase of 10% in recurring pre-tax profits to GBP16.4 million. These results are all the more encouraging as they reflect the impact of asset management initiatives which have boosted income not only in the UK funds but also in the joint ventures."

Not a chart for those averse to heights!

Starting to light up. Can double in a month. IMO

Berenberg today initiates coverage of Capital & Regional PLC (LON:CAL) with a buy investment rating and price target of 60p.