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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| M&L Property | PHU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.50 | 23.50 |
| Top Posts |
|---|
Posted at 01/2/2014 16:26 by smithie6 "We aim to position your portfolio to have a risk structure equal to, or less than the global equity market and yet to provide enhanced returns. We are very competitive in our charging structure and we welcome all clients however large or small, who share our realistic ambitions."If any potential investors at Midas looked at what has happened at Pactolus and what Mark Sheppard has done....they would not imo invest a penny via Midas ! ..most of the rental income goes to Midas companies ...and NONE to shareholders...even though it was shareholders that put up the cash !! |
Posted at 17/2/2013 18:40 by markt Any interest in forming an action group to take action against the bod and especially Mr Sheppard ?for subjects such as - not complying with the principle of the IPO....ie. to pay a dividend - Sheppard and/or his companies taking all the income via exorbitant costs so that shareholders get no dividend - investigate the valuations given in the IPO, imo they are false, inflated. They can be compared with actual property transaction prices recorded in the registry office. rent roll of EUR 816,012 at 31 December 2011 .....but Mark Sheppard and his companies (such as Midas Investment) manage to consume that....so not able to pay any dividend ! To collect the rent and do local management....appear if the IPO document had said that of 816k income....it would all be consumed by Mark Sheppard et al ....and that none would get as far as shareholders..... NO ONE WOULD HAVE SUBSCRIBED. ie. the IPO doc. did NOT give a "true and fair" representation of the investment imo the IPO was a con. ILLEGAL. Mark Sheppard is laughing all the way to the bank. investors taken for a ride. ....shareholders have put up the cash....but the only person to benefit appears to be Mark Sheppard and his companies that manage the company and the assets... Honourable ? imho....no. |
Posted at 21/1/2013 15:17 by markt I wonder if the FSA investigation intoMark Sheppard (of Midas Investment Management Limited, the Company's Asset Manager) and PHU and including intentionally breaking its IPO conditions/promises. (IPO document stated expected dividend yield....while in practice Mark Sheppard has managed to divert all the income to be consumed by excessive charges by Midas....so that shareholders have put up the cash to buy the assets that create the income....but the income goes to Mark Sheppard and Midas, and related parties.) You can see that shareholders are not happy.....with mention in RNS that some shareholders are pressing the bod to reduce costs.... will be resolved before Mark Sheppard manages to get PHU de-listed......once it is de-listed I assume that any FSA interest in checking if the IPO was illegal ....will wain... yet again, investors take risk, get shafted and lose money....while directors or directors vehicles make money and take no risk. London Markets, corrupt imo. |
Posted at 30/4/2008 10:29 by williebiz Slap - there are some really good developments at the moment, Marina Park springs to mind as being one of the best in terms of location and concept plus the construction company is highly regarded.We looked into buying an apartment there but thought it too expensive, this was right at the top end in HUF/sq metre plus heavily loaded (more expensive) the higher up you went in the apartment building - nicer views etc. There were loads of Irish investors amongst others. We calculated that rental income required to give minimum acceptable yield was not achievable plus not likely to see much real capital appreciation - so it has proved to be the case. My advice would be to wait until the prices come down, eg Marina Part is still being developed, if you wait about 3 years there'll be quite a few disappointed owners wanting to release capital even at a real loss. If you wished to buy something near Budapest that stood a real chance of going up, there are a string of villages about 20-30 kms away that have family houses sitting in about 1000sq m of garden for a lot less than you'd pay for a 100 sq m apartment in the nicer parts of town. Driving into town is no problem outside the rush hour and easy in August too. Top tip - the M0 (M zero) orbital motorway is being worked on with a new North Bridge opening this year then motorway getting extended to Üröm The M0 will eventually be completed as a circle - currently 75% complete, eg with the bridge open you could already drive to the airport from Üröm purely on the M0 - but that'll take a few years more. The family houses in the villages on the Pilis hills side - that's near the Danube bend - are way underpriced IMV, particularly given the new commuting possibilities with the new roads/ bridge. Open then click on M0 Északi Duna-híd (északi szektor az M3 és a ... and you can move the Google map to see the villages I mean near to Üröm. Great climate! Added - here's a good map showing the motorways under construction, most is already open |
Posted at 09/4/2008 08:20 by slapdash change of adviser - i.e. wants to raise more money and dilute already suffering shareholders..secondly, I see the company is yet again trying to win the competition for the latest full-year results... last year I think they came out in July... what you would expect as this was tipped by Simon Thompson in the Investors Chronicle slap |
Posted at 29/11/2007 18:52 by slapdash polzeath - big fall today.. the one thing t hat worries me is that I have no handle on Budapest propertywhen I went to these property investor shows all these countries say their property is up 20% a year or some other crazy figure... the countries have no reliable statistics..... I suppose even in the UK it is somewhat guesswork.. In any event I just don't know what Budapest property is doing.... any thoughts... I suppose they could get hit by the credit crunch as most people have mortgages in Swiss francs as the interest rate in Budapest is so high... economic growth there I think has been weak but it could do better in the future... slap |
Posted at 29/11/2007 11:39 by slapdash polzath... what I worry about is whether there may be oversupply in Eastern Europe...after a world wide property boom developers could easily raise cash and so went for emerging markets where they could get hedge fund style fees.. however, could there be oversupply the same way there is in Leeds/Liverpoola nd Birmingham??? In those cities lots of people from London just bought off plan buy to lets at inflated prices.... It does seem odd when loads of Irish and UK guys fly out one day and then buy loads of property the next... Surely with property you want two attributes..a place people want to live... and a place where there are loads of jobs... do westerners want to live in Budapest... I think not... and the guys from there are coming over to the UK... are there loads of jobs?? Maybe some but probably not an employment boom.. those are my concerns... loads of off-plan stuff being hawked to overseas investors... can the native Hungarians even afford these flats being built all over Budapest?? Salp |
Posted at 17/5/2007 13:22 by slapdash well this is ticking up nicely as the market identifies quality.....where will the NAV be at the end of this year.. I would bet at least 20% higher... so that would add 14p to the reported NAV for the end of this year.. i.e. only 7 months away... so that would be a NAV of 85p.... Not bad at all..... why 20% well they will be geared... and did better than that this year... and weren't even fully invested last year.... but got a large increase.. THIS WILL ALMOST CERTAINLY BE A BUY IN THE INVESTORS CHRONICLE TOMORROW AS THEY DID TIP IT RECENTLY AND WILL LOVE TO CROW ABOUT IT.. (Whoops just read their writeup... says much further to go).. Also many of these recently launched property companies are trading above NAV... have a look at Dolphin capital and Bulgarian Property Developments... it is my contention that this should also be trading above NAV.. as is also a quality play.. Slapper |
Posted at 05/4/2006 16:45 by the big fella SlapI have heard that a couple of investors needed the cash...got caught with their panys down elsewhwere, so were forced sellers. Opportunity for others to pick up stock cheaper than me!!!!!! |
Posted at 05/4/2006 09:53 by the big fella Someone dumped 300K at 50p yesterday. Looks like there were some distressed investors in the placing. Not a great start to life, but having read the research docs on their property investments and the yields they are obtaining this should come good over the long term. Also they are in a market place that hasn't seen the astronomical rises experienced elsewhere. Looks like there will be more short term price weakness until the overhang is cleared. 50p a real possibility near term. |
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