Ask the analyst: why Chelsea should make Earls Court its goal

摘要

Property analysts come up with a range of reasons when altering the price target of the listed companies they cover - but until now, no-one has made a link to where Fernando Torres will be bothering the spectators in row Z in a few years'time. Martin Allen, analyst at Deutsche Bank, put out a fascinating note this week on Capital & Counties, the listed London developer, increasing his price target on the company, and looking at the prospect of Chelsea FC taking the company private so it could take control of CapCo's Earls Court site, which received planning consent this year, and build a new ground there. For asset managers at CapCo the decision to sell (or not) must be exercising their minds.