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IGRE Invest IN Glbl

100.00
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invest IN Glbl LSE:IGRE London Ordinary Share GB00B132SB63 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 100.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 100.00 GBX

Ing Global Real Estate Secs (IGRE) Latest News

Real-Time news about Invest IN Glbl (London Stock Exchange): 0 recent articles

Ing Global Real Estate Secs (IGRE) Discussions and Chat

Ing Global Real Estate Secs Forums and Chat

Date Time Title Posts
03/6/201422:55ING Global Real Estate55

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Ing Global Real Estate Secs (IGRE) Most Recent Trades

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Ing Global Real Estate Secs (IGRE) Top Chat Posts

Top Posts
Posted at 03/6/2014 22:55 by praipus
Weiss in again!


Tracking the rest of Weiss's holdings on the WAM thread:
Posted at 10/7/2012 22:02 by praipus
IGRE £1.1144 NAV


O/t:notanewmember have you seen the WAM thread before?

I try to track the systematic activist value investors trades for all shareholder and PI's mutual benefit.
Posted at 10/7/2012 21:37 by notanewmember2
I see the same familiar posters. We must be using the same filters/scans. This one popped up on my radar, but has this got any more legs on it? I say this because the share price is nearing the 2007 highs, the peak of the real estate boom. Thanks in advance.
Posted at 29/6/2012 13:49 by praipus
Tender offer price:

"Following the release of the NAV as at 26 June 2012, the Calculation Date, the repurchase price is:
95.33 pence per Share"
Posted at 12/6/2012 11:38 by praipus
CG Asset Management increasing their IGRE holding to 11.27%
Posted at 25/5/2012 13:50 by praipus
Tender offer etc
Posted at 24/8/2011 12:38 by praipus
Just noticed Weiss Asset Managements arrival here.



I'm tracking the rest of Weiss's holding on the WAM thread:
Posted at 04/3/2010 16:27 by davebowler
IGRE NAV very resilient but the Trust is on a big discount to asset value-as no doubt its underlying holdings are too-so a double discount is on offer.
Posted at 18/5/2009 14:06 by skyship
Been another very nice ride; but now out again - top price being 51.77p. Discount down to just (sic!) 22% & yield down to c.6%.

May add to TAP - one of the best bargains still around, especially after the share price has retraced 16% on profit-taking from 25p to 21p.
Posted at 08/4/2009 09:10 by skyship
Have today emailed the Company regarding the absurdly high NAV discount:

========================================================
RE: Board Meeting next week - AGENDA ITEM - NAV DISCOUNT LEVEL

In the last Annual Report & again in the Interims of Aug'08, the high NAV discount has been a concern to the Board, but nothing has really been done to address the problem.

In his Interim statement, the Chairman, Crispian Collins, stated:

"I stated in the Annual Report that the Board had been very conscious of the widening share price discount to NAV and indeed, at the end of 2007, 50,000 shares had been bought back to Treasury. Whilst no further shares were bought in during the 6 month period to end 30 June 2008, a further 50,000 shares were acquired on 11 July 2008 at 71p after the period end.

The second half of 2008 is likely to be as volatile as the first half and the Board and Manager will remain focussed through this period on preserving and, where possible, enhancing shareholder value."

The Board obviously agree that the share price is a very important aspect of shareholder value, not just the underlying asset value; so could the Board please make serious endeavours to do something about that absurdly high discount.

Discussions with the Brokers may realise other mechanics, but precedent suggests the following two methods as the most likely:

1. To provide a future wind-up date, usually accompanied by a roll-over option at the time. A date in c.3-5 years would provide the Market with a Gross Redemption Yield target which would have the effect of substantially reducing the discount

2. Less effective, but more popular, is a share buyback scheme. To be effective however this does have to be implemented with rigour - not by the two token buybacks seen over the past 6months

I hope that this item can be seriously discussed and actioned; and I look forward to hearing from you after the Board Meeting.

Regards
=====================================================
Ing Global Real Estate Secs share price data is direct from the London Stock Exchange

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