Abrdn Property Income Share Discussion Threads

[soundbuy] 07/1/2013 12:45

Feels like the home straight here........

[sportbilly1976] 07/1/2013 12:33

max i can get online is 500 shares...

[soundbuy] 07/1/2013 12:31

Somebody hoovered up those earlier sells......

[greenroom78] 07/1/2013 12:07

New highs beckoning as well IMO.

[cockneyrebel] 07/1/2013 12:06

Something going on imo - never fell on all those sells and now up on a couple of buys.

CR

[sportbilly1976] 07/1/2013 09:31

A few more getting bored with the wait it would seem....

[sportbilly1976] 04/1/2013 15:31

Looking at their interims, they had earnings (before exceptionals) of £5.0mln so approx £10mln for the year, although obviously the mgmt here should be lookign forwards when viewing offers not backwards at prior periods

so 6xEBITDA would give a nice conservative £60mln (just about current sp)

If we then take into account this US property then that gives us some premium to look towards

[greengiant] 04/1/2013 15:22

Packaging industry still a target for takeovers / MBO's this one completed on New Years Eve

Sun European set to buy Paragon
Sun European Partners is to purchase Paragon Print and Packaging, which makes labels and packaging for food retailers such as Tesco and Sainsbury.
The deal, which takes the buyout fund close to 30 acquisitions of packaging company globally, values Paragon at about £150m, according to a person with knowledge of the sale.

6xEBITDA

gg

[sportbilly1976] 04/1/2013 15:13

quite a few taking profits here today...

[sportbilly1976] 02/1/2013 14:40

. post withdrawn after negative impact of it :)

[cockneyrebel] 02/1/2013 13:22

Looks like that high is going to get taken out soon imo - 2 mm's now bidding on 82p.

CR

[sportbilly1976] 02/1/2013 12:55

half p for 12k...good job no-one trying to get 50-100k :)

[protean] 02/1/2013 12:19

Looking good.

[sportbilly1976] 02/1/2013 12:03

looks like another delayed buy just gone through...

[cockneyrebel] 02/1/2013 11:12

People payinmg a premium to get a bit over market two days running, looking interesting :-)

CR

[sportbilly1976] 02/1/2013 10:28

well there's the reason for the uplift earlier...delayed 14k buy at a premium

[bigbigdave] 02/1/2013 09:27

Looking good, news coming?

[cfro] 31/12/2012 16:10

Hopefully the New Year starting with the markets opening Wednesday will bring us some cheer.

[protean] 31/12/2012 10:54

On the 17th Dec, the IC reckoned that "we should have some news on this in the next few weeks". We're now 2 weeks on from that, so got to be fairly soon.

They also reckoned on "upside here towards 100p a share if a takeover materialises".

So a reasonably good chance of a 25% upwards move in a week or two if the takeover comes through, which many see as increasingly likely.

[greenroom78] 31/12/2012 10:31

Heading in the right direction again. Without sounding like a broken record, surely we must hear something soon?

[sportbilly1976] 31/12/2012 10:29

moving up nicely again this am on a few buys...

[protean] 31/12/2012 09:13

The Crystal Amber fund seems to be having a good run up with a number of decent holdings including API. Their website contains the recent Investors Chronicle article which rates both the fund itself and also SUH and API.

Can't be long until further news on the bidding now.

"Packaging materials group, API, is of keen interest, too, after the board put the company up for sale following pressure from major shareholders. The sale process is ongoing, but a sale looks likely after US activist fund and 32 per cent shareholder Steel Partners and 28 per cent shareholder Wynnefield Capital announced they want to sell out. The most likely bidders are trade buyers in Germany and the Middle East and foil-makers in Asia. It's even possible that Illinois Tool Works may bid even though its offer of around 100p a share was turned down seven years ago.

It's worth pointing out that API has a hidden and valuable asset in its New Jersey site which "covers 20 acres within the Manhattan commuter belt and is potentially worth a significant part of its market capitalisation" according to Crystal Amber, adding that even without a bid "reorganisation, investment and marketing initiatives combine to offer share price upside well in excess of 100p". I agree and, with API shares currently priced at 70p in the market, there could be significant upside from this holding, too.

It goes without saying that I rate Crystal Amber, Sutton Harbour and API all as buys."

[cockneyrebel] 28/12/2012 16:08

Nice buyiing here today - news come the New Year next week?

CR

[protean] 27/12/2012 12:07

Creeping up.

[sportbilly1976] 21/12/2012 16:21

don't think there is much to it other than a shuffle of holdings...but possibly they might want to improve one funds performance before the year-end?