Results out - not disasterous. Been knocked a fair bit of late and trading at 20 - 25% discount to NAV - Unlike ours which trade at a premium! Surely prime London property will always be just that. So long term in my view it looks good.
See Rand is seriously strenghtening against the Pound so may be reason for weakness in price. Also, market seems to have forgotten the potential deal they announced to be looking at doing a while ago or perhaps the market knows it is not going to happen.
This is basically a buy and hold share for the long term.How ever one cannot ignore the present volatility.Not a time to add any i should think and if u are uncomfortable then lighten some what your holding or sell all.Personally i think this is the best i know of IN THE WORLD for commercial property.Over a ten year term this will turn out to be just a blip in the price.I read some where that the authorities in the UK are planning a meeting with business so as to take steps to avoid the recession or stagflation caiused by the American fiasco affecting the financial and property.For reasons why it is a good share to have go to Share Discussion then to LBT.In future i shall only reply to queries on specific shares under their correct headings as then i can easlier find what i've said previously.