Share Name Share Symbol Market Type Share ISIN Share Description
Alpha UK Multi LSE:AUMP London Ordinary Share IM00B4N9KC32 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 70.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 7.9 -2.1 -24.4 - 1.68

Alpha UK Multi Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
04/8/2014
10:21
With the name change I have created a new thread here: hTTp://uk.advfn.com/cmn/fbb/thread.php3?id=32420845
ironstorm
22/4/2014
12:54
Added some more today
red army
07/3/2014
18:35
Look at ALPH
red army
07/3/2014
18:00
discount to NAV = 58% +, risk = modest. if you can show me another commercial property stock on these parameters, I'll buy it. Thought not....
the troll
07/3/2014
09:23
I've been in since June 2007 - 111p ! Actually far higher after "adjustments".
asmodeus
07/3/2014
08:27
Been in since 30p so prepared to hold for the longer term.
red army
07/3/2014
08:22
IF you read my link above red you'll see how finely balanced the situation is. It's risky but with TNAV rising from end Sep to end Dec (first rise since 2006 AFAICS!) and rents holding steady, occupancy increasing slightly, I suspect risk/reward firmly in our favour. They badly need to make some disposals at a decent price and get rid of the more expensive new loans. Will be fun to watch!
eezymunny
07/3/2014
08:16
With the prospects of low interest rates for some time and a NAV OF 224p then why not put your money in here.
red army
04/3/2014
13:52
Bought these today for the EezyMunny portfolio FWIW http://uk.advfn.com/cmn/fbb/thread.php3?id=30375760&from=280 I see you have a certifiable interest here Trevor. I must be mad...
eezymunny
03/1/2014
09:35
Most of the 2014 property predictions I have read are for a recovery, UBS for example: "• UK commercial real estate values remain 36% below the 2007 peak, and are up 18% since the July 2009 trough. • We expect capital value growth to gather momentum in 2014. Meanwhile we expect rental growth to return this year, backed by an improving economic backdrop. • The initial yield on the UK property sector is 6%, whilst the listed real estate sector is trading at a small discount to Net Asset Value and offers a 3% dividend yield. • We expect a total return of 8%-10% for the direct real estate sector in the next 12 months." It is strange to remember that not many years ago, property companies shares sold at a premium to NAV, this usually occurs at that part of the cycle when growing investment values are out of step with the historic balance sheet valuations. Some say what goes around, comes around. You have to decide for yourselves but if premia return, then the historic AUMP NAV of £2+ would be quite a interesting benchmark........
ydderf
17/12/2013
16:50
I have just got round to looking at this. On the face of it, I agree it is an asset play. But lets not forget how well the guys have been doing running the portfolio and income will start to materialise as occupancy levels increase and debts are paid down. Overall though means we should be out of jail and can focus on realising the full value in an improving market as mentioned in the above post. Overall a much better position to be in with more to come. hTTp://ironstorminvesting.blogspot.co.uk/2013/12/alpha-bet-on-uk-market-raising-ante.html
ironstorm
07/12/2013
10:48
Most attention here has been on the NAV picture, but the income side of things is also worth some thought. From six months to June 2013 statement: "Based on the current total portfolio ERV, there is also a potential additional rent of £2.4 million per annum assuming the portfolio becomes fully let and income producing." With current last reported rent being absorbed by projected interest and administrative costs, the effect of this additional rent, if achieved, on a market cap of £6.3m would be quite significant. ...and this from the statement last week: " The Company believes this refinancing will establish the Group on a stable footing to enable the implementation of asset management initiatives. It is hoped this will lead to the commencement of the recovery of shareholder value in the Company." .....suggests that there may be (at least) two ways to skin this cat.... Finally this from Savills World Research on prospects for 2014: http://pdf.euro.savills.co.uk/uk/market-in-minute-reports/uk-commercial-market-in-minutes---nov-13.pdf: ■ Secondary yields, at least on the valuation-based indices, have shown less inward shift over the last three months - only moving in from 10.09% to 10.07%. However, market evidence indicates that the movement has been more substantial, and thus we would suggest that the point has now been reached when the spread between prime and secondary yields is starting to close. ■ 2014 will see an acceleration of this trend with the investment markets moving ahead of the leasing markets. The faster than expected economic recovery will stimulate a recovery in the leasing markets, and this will in turn lead to a decline in investor risk-aversion and an acceptance of the merits of good quality Grade B property across the UK. We also expect to see a rise in interest in development funding, with lower hurdles for pre-letting as confidence in the leasing markets rises.
ydderf
05/12/2013
17:20
something to think about; a 10% property re-valuation adds ( or subtracts ! ) c. £1 to / from NAV. highly geared or what ?
the troll
05/12/2013
17:08
with Libor @ c 1%, I make the AVERAGE interest rate on the £65m of newly agreed loans ( ie, RBS loan @ c 4% variable, others fixed @ 11 & 15% ) around 8.1% or c. £5.3m pa. they can just about afford it, I think ( & they'll be hedging c 25m ) but you can forget about dividends. PE = Nil, its a pure asset play. I'm astonished they managed to re-finance without an equity participation; discount from NAV still looks particularly steep @ c 64% & I agree, there's upside for patient investors. not sorry I sold into the uncertainty, but a little disappointed at missing the chance to get back in @ 71p. a watching brief from now on.
the troll
05/12/2013
16:15
The loans are unsecured so there is a price to be paid.
red army
05/12/2013
13:07
The loans will get diluted with the sale of properties and then the NAV will increase with the capital gain so all seems ok providing they can realise some assets in the coming months
red army
05/12/2013
11:56
With NAV north of 200p the current AUMP share price undervalues the company by some extent even with the high interest rates. Ben Graham said a bargain stock is a stock with at least 50% upside. I think AUMP is worth somewhere between 120-150p so it's definitely a bargain stock in my book. BTW have you guys checked out SPPC ? Another huge undervaluation.
liarspoker
05/12/2013
11:42
Well - they've re-financed, but I don't like the look of interest rates of 11% and 15%. Not sure about Libor plus 3%. What is libor these days? Will look it up. But I'm not anxious to jump back in.
asmodeus
04/12/2013
13:10
Certainly no news is not good news, I fear.
asmodeus
04/12/2013
13:08
the resolution extending the fund's life wasn't done at BOS's insistence ( or any of the other lenders they're speaking to ) or you'd have heard something by now surely ? what are William Hill offering on yet another short term roll-over I wonder ? & how many more can they do.
the troll
02/12/2013
13:08
it's always the same dilemma, asmodeus, damned if you do and damned if you don't; remember Game Group & HMV ? at least if you DO you still have your stake money & there are many many other opportunities to consider.
the troll
02/12/2013
11:41
I've sold most of mine as well, and at the same price, although simply just returning my stake, with no profit. I still hold a few in my ISA at a huge loss, and, like you, Troll, will await outcome.
asmodeus
02/12/2013
11:12
useless RNS; what you really need to know & they're not saying; are they going with BOS or not ? if so, we know BOS wants an equity participation ( see Aug. RNS ). OK, the sp's virtually doubled since then & it should be possible to do a rights / open-offer @ c. 50p. BUT FOR HOW MUCH ?? anything over £15m, thus diluting NAV to c. 92p & I reckon you're in trouble ( the market ALWAYS discounts these two-bit commercial property stocks from NAV by c. 40 % ). too uncertain for me; I've sold @ 53.57p for a 100% turn. I may or may not re-invest once I've read the precise terms of whatever they manage to agree.
the troll
02/12/2013
08:10
For those that haven't had a chance to see the RNS yet, this is the bones of it: "The Company announces today that CHIP (One) Limited, CHIP (Three) Limited, CHIP (Four) Limited and CHIP (Five) Limited have agreed with Bank of Scotland to extend the term of the loan facility agreement to 4 December 2013. The facility is non-recourse to the Company. Discussions with banks and providers of capital are continuing in order to pursue a further extension to, or refinancing of, this loan facility and a further announcement will be made in due course. " I can't decide whether this is good news or bad. Am hoping it means that a loan has been offered, but they are haggling over interest terms. Any other views?
asmodeus
Chat Pages: 4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20161209 02:02:24