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Pin to quick picksCapital & Regional Share News (CAL)

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SMALL-CAP WINNERS & LOSERS: MJ Gleeson expects to outperform views

Mon, 11th Jul 2022 10:42

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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SMALL-CAP - WINNERS

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Capital & Regional PLC, up 4.5% at 59.76 pence, 12-month range 54.00p-76.60p. The retail property investor completes the sale of the residential development project at its 17&Central community shopping centre in Walthamstow, London, to the residential developer Long Harbour for GBP21.65 million. This disposal is in line with the company's strategy of seeking ways to create value from its portfolio assets through the reconfiguring or repurposing of underutilised space for other uses, which also help drive footfall and operational performance. The group plans to use the majority of the proceeds received to further reduce its loan facility within The Mall Limited Partnership.

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MJ Gleeson PLC, up 3.1% at 530.00p, 12-month range 490.00p-910.00p. The housebuilder says full-year results will be "significantly" ahead of expectations. The Sheffield-based land investor says its average selling price stood 15% higher than a year ago at GBP167,300 in its financial year ended June 30, due to a 12% increase in underlying selling prices and changes in mix. In its second half, it sold 1,068 homes, up 24% from 861 a year ago. "Following such a strong performance, the board expects the results for the financial year to 30 June 2022 to be significantly ahead of market expectations and remains confident in the group's future prospects," says MJ Gleeson. In addition, says it has started the new financial year in a strong position.

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Restaurant Group PLC, up 0.9% at 43.96p, 12-month range 41.34p-130.20p. Deutsche Bank starts coverage on the Wagamama and Frankie & Benny's owner with 'hold' rating.

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SMALL-CAP - LOSERS

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Go-Ahead Group PLC, down 2.5% at 1,530.40p, 12-month range 450.60p-1,668.00p. The transport operator says it expects a "busy summer ahead" as passenger numbers surge as Covid-19's grip on the market weakens. Both its Regional Bus and London & International Bus units impressed in the year ended July 2, the company says. Elsewhere, Go-Ahead expects UK rail profit before exceptional items within a GBP25 million to GBP30 million range. In International Rail, it forecasts an operating loss before exceptional items within a GBP15 million to GBP20 million range.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Capital & Regional faces tough conditions but still a 'buy' for Berenberg

(Sharecast News) - Berenberg has reduced its price target on Capital & Regional but insisted the property group remained a buying opportunity, despite the challenging conditions surrounding shopping centres.

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Monday broker round-up

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Capital & Regional shares slide after tough year for retail

(Sharecast News) - Shares in community shopping centre investor Capital & Regional were well into the red on Thursday morning, after the company announced its full-year results for the year ended 30 December.

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WINNERS & LOSERS SUMMARY: Just Group Sinks After Scrapping Dividend

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11 Feb 2019 08:29

One in ten UK shops empty amid 'perfect storm'

(Sharecast News) - Shopper visits to the high street, retail parks and shopping centres all fell last month, fresh data showed on Monday, while a newspaper report on the same day said mistrust between retailers and landlords was stoking a "perfect storm" for retail landlords.

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24 Jan 2019 13:34

Capital & Regional portfolio value drops but FY profit seen in line

(Sharecast News) - Property investment company Capital & Regional said on Thursday that its net rental income for 2018 was expected to be flat and adjusted profit should be in line with market expectations, but the valuation of its portfolio declined amid negative sentiment towards retail assets.

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21 Jan 2019 11:50

JP Morgan sees rents falling as it cuts ratings for commercial property

(Sharecast News) - JP Morgan Cazenove has downgraded a host of European property companies, including FTSE 250 firm Hammerson, as the UK retail sector continues to battle weak consumer sentiment.

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21 Jan 2019 09:36

BROKER RATINGS SUMMARY: Goldman Cuts Rentokil, Experian; Lifts Babcock

LONDON (Alliance News) - The following London-listed shares received analyst recommendations Friday afternoon and Monday morning:----------FTSE 100----------GOLDMAN CUTS TO - -

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18 Jan 2019 07:27

PRESS: Property Firms At Risk Of Rent Cuts From Debenhams Portfolio

LONDON (Alliance News) - Several London-listed property firms may face rent cuts as troubled retailer Debenhams PLC looks to restructure its store portfolio, the Financial Times reported on is in

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31 Oct 2018 13:09

Capital & Regional Non-Executive Director Guillaume Poitrinal Resigns

LONDON (Alliance News) - Capital & Regional PLC said Wednesday that Non-Executive Director Guillaume Poitrinal has resigned from the real estate investment trust with immediate - the boss of -

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29 Aug 2018 13:31

Berenberg starts Intu, Capital & Regional at 'buy'

(Sharecast News) - Berenberg initiated coverage of Intu Properties and Capital & Reginal at 'buy' as it highlighted three key reasons why it sees value in the UK shopping centre market.

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28 Aug 2018 13:05

Tuesday broker round-up

(Sharecast News) - John Laing Group: RBC Capital Markets downgrades to sector perform with a target price of 330p.

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28 Aug 2018 08:54

Capital & Regional gets approval to expand Walthamstow mall

(Sharecast News) - Capital & Regional has received formal approval for its plan to extend and develop a shopping centre in the London suburb of Walthamstow.

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