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PHU M&L Property

23.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
M&L Property LSE:PHU London Ordinary Share GB00B0YMRZ51 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 23.50 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 23.50 GBX

Pactolus Hungarian Property (PHU) Latest News

Real-Time news about M&L Property (London Stock Exchange): 0 recent articles

Pactolus Hungarian Property (PHU) Discussions and Chat

Pactolus Hungarian Property Forums and Chat

Date Time Title Posts
19/11/201714:47Pactolus Hungarian Property103
21/2/201320:09Action Group ..against the directors, esp. Mr Sheppard4
31/5/200718:17Phew!-

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Pactolus Hungarian Property (PHU) Most Recent Trades

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Pactolus Hungarian Property (PHU) Top Chat Posts

Top Posts
Posted at 19/11/2017 14:47 by smithie6
so

I see a nice little case of fraud near the end of the days of PHU being listed

with properties apparently being sold and the money pocketted by others, not the company !!

interesting !!

AIM, what an absolute fu#&@#ing disagrace

legal corruption and theft
Posted at 03/9/2014 08:56 by smithie6
Can Mark Shepheard just operate PHU for ever for his own benefit ??

so that shareholders do not get the income ?
and perhaps can also not wind up the co. either since MS can perhaps block that with his votes ??


..."if" so...then the rules must be changed....since clearly immoral
and
it breaks the objectives STATED in the IPO doc......which is what people relied on as true before putting their money in...
Posted at 20/8/2014 19:26 by smithie6
35% charge to collect the rental income....

novel !!

35% !!

(typical rental property manager fee is 7-12% in Eastern Europe where the properties are)

maybe someone should wander down to a police station.....
since it looks to me like an on-going theft is going on !

and Mark Sheppard
and Midas Investment
appear to be a large part of it

----

35%

I would be willing to do it for 25% !!...saving PHU loads !
for 25% half the world would be willing to do it !
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 21/2/2013 20:09 by zampase16
Actually, I think you may be on to something. Why don't you get the share register and tell others shareholders you are selling all your shares except 1 share, using the capital to short the shares further and then ask them to support you suing the company to get their capital back (you can with 1 share).

This way the stock could drop so you Win.

AND you might win the court case so you win double!

Double top!

Sadly I cant help as I am all short.
Posted at 21/1/2013 15:21 by markt
a similar case at many property companies I think....

over at OCH the dirs. put forward EGM resolutions to transfer most of the company to themselves.....in return for their massive salaries...and bonuses...

bonuses earned/claimed....while the company has gone down the tubed....inferring that the claimed bonuses for massive company profits (30ME claimed in 2009) were intentional lies.

What does the FSA do ?
Nothing of course.

Shareholder action group formed.....and hopefully going to submit papers to the winding up hearing in Cayman Islands highlighting the possibly illegal actions by the directors.....
imo UK markets are in practice unregulated.

so...if you invest in companies listed in the UK you need to be ready to take legal action in the Cayman Islands....since the FSA or LSE or UK police wont do anything to help you.

----

anyway,
personally I will never invest in anything connected to Mark Sheppard, Midas or any of the PHU directors....or the OCH directors.....or.....long list !
Posted at 21/1/2013 15:17 by markt
I wonder if the FSA investigation into


Mark Sheppard (of Midas
Investment Management Limited, the Company's Asset Manager)

and PHU

and including intentionally breaking its IPO conditions/promises....and hence taking original investors for a ride....

(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 19/8/2010 12:39 by bish100
Well at least they have brought the assets down in line with sensible parameters as pointed out 12 months ago.(Can't see these dropping much further)
Next huge issue that these guys face is that the same decrease in rental returns will be announced soon. Cannot beleieve that they have kept rent at 140 per sq metre.Would imagine this was only held up by 2/3 year fixed rent contracts which will be coming up for review now!
Not sure an asset manager at 359K euro's per year is that good value either - However it has dropped from 400K+ in 2008. Most CEO's of mid cap companies don't recive that let alone a manager of 50 properties!!!!!
I guess the hungarian finances have stabilised but foreign investment (And wealthy westerners occupying these apartments)plus movement in the housing market could transfrom futures here very quickly. The problem is will this happen prior to them running out of money!!
Not sure who the share buy back is benefitting (Directors and business associates i should suppose!!).Certainly not the company as this cash could go towards reducing debt!
Stay away!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Posted at 16/6/2008 10:55 by bish100
LOL

Simple supply and demand -
There are literally thousands of 'high end' apartments with not enough 'ex pats / to fill them.
Also to avoid confusion there is very limited turnover of these thoudands of flats (Most have been waiting to be let for 12-18months plus).

A fairly disappointing NAV - LOL - If these guys had to sell this business they would be lucky to get 25p per share....
Posted at 04/10/2007 09:53 by stucom
POL....IC...THIS WEEK.....negotiating a short/med term finance facility to be used to increase number of apartments owned in budapest (54 @ end june,now 65,expected to hit 95 by march '08)apartments are old commie members turn of the century 2 bed gaffs.once refurbed,they be rented out to overseas 'blue chip'companies on 2-3 year leases,yielding 8% goes on about recent problems,but is 'fast becoming a centre for accounting and payroll outsourcing which should boost rental demand'...all apartments are in dist 5&6 (close to parliament building)they cover an area equivalent to the City of Westminster plus Kensington and Chelsea.
positives are PHU are cash +tive on a monthy basis,with current rent (i'd rather they got paid in euros!)climbing to almost 950k euros.2 villas purchased,which are to be split into 9 flats....
share news equates to...............
'like other property companies,concerns over inflated values has pushed PHU's share price down fron June high.in buda,prices have only rise modestly over last 12 months,but may change as more foreignservice centres are set up there.the Hungarian minister of Economy& Transport predicts the number will double to 80 over the next 3 years......
all down to belief i suppose.will the 'blue chips' come,will their economy remain stable,and can they push their growth targets..3 years to double.not sure how that will inpact on sp,timescale,as i've only come across this company,via looking at euro comps as a whole.......good luck,will watch.....stu
Pactolus Hungarian Property share price data is direct from the London Stock Exchange

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