Capital & Regional (CAL)

Sector:

Real Estate

Index:

FTSE Small Cap

61.40p
   
  • Change Today:
    -0.20p
  • 52 Week High: 71.40
  • 52 Week Low: 49.20
  • Currency: UK Pounds
  • Shares Issued: 233.00m
  • Volume: 8,725
  • Market Cap: £143.06m
  • RiskGrade: 438
  • Beta: 0.15

NewRiver gets two more weeks for possible Capital & Regional offer

By Benjamin Chiou

Date: Thursday 12 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Shopping centre owner Capital & Regional has extended the so-called 'put up or shut up' deadline for a takeover offer from NewRiver by two weeks.
The company has received expressions of interest from a number of parties over recent months, but saw shares tank earlier this week after confirming that UK property investor Praxis had walked away from a potential buyout.

NewRiver, which had approached Capital & Regional's majority shareholder Growthpoint Properties back in May regarding a possible cash-and-shares offer, originally had until the end of play on 12 September to either announce a firm intention to make an offer or call off talks.

"To allow the discussions with NewRiver to continue, the board of Capital & Regional has requested, and the Panel on Takeovers and Mergers has consented to, an extension to the date," Capital & Regional said in a statement on Thursday.

"There can be no certainty that any firm offer will be made for the company, nor as to the terms on which any offer will be made."

NewRiver now has until 26 September to put up or shut up.

Capital & Regional's share price, which had dropped by 9% over the past two days, was up 1.1% at 63.27p, giving the company a market cap of £147m.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CAL Market Data

Currency UK Pounds
Share Price 61.40p
Change Today -0.20p
% Change -0.32 %
52 Week High 71.40
52 Week Low 49.20
Volume 8,725
Shares Issued 233.00m
Market Cap £143.06m
Beta 0.15
RiskGrade 438

CAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.04% above the market average85.04% above the market average85.04% above the market average85.04% above the market average85.04% above the market average
94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average
Price Trend
66.51% above the market average66.51% above the market average66.51% above the market average66.51% above the market average66.51% above the market average
70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average
Income
94.32% above the market average94.32% above the market average94.32% above the market average94.32% above the market average94.32% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average
83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average83.78% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAL Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-24 11-Apr-24
Paid 27-Sep-24 07-Jun-24
Amount 2.85p 2.95p

Trades for 21-Nov-2024

Time Volume / Share Price
16:27 97 @ 61.60p
16:27 4 @ 61.60p
13:30 411 @ 61.66p
13:23 348 @ 61.60p
13:23 1,000 @ 61.60p

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