Abrdn Property Income Share Discussion Threads

[foxman14] 25/1/2013 08:28

Well that was exciting! Sold a few (5K) at 85p just bought back in at 76p. Will it settle around 80p until the next bit of news?

[britishb] 25/1/2013 08:27

Thankyou for your thoughts Greengiant and very well done, twas a really great post! I lost a few quid today but a little less than if you'd never posted that.

[greenroom78] 25/1/2013 08:26

I just got lucky. I closed mine on the bell before IG went telephone only at 86.6p so buying back at 77p I'm already up. The amount of times I've watched a drop and not been savy enough to do this, so makes a change for me.

Silly drop IMO.

[bingowing] 25/1/2013 08:20

Greenroom, i think you'll make an easy 8% or so there in a day or two.


I'm all out of cash at the mo to add. GRRRR

[greenroom78] 25/1/2013 08:19

I've added back my sbets at 77p.

[bingowing] 25/1/2013 08:19

Some getting screwed here.

[ukinvestor220] 25/1/2013 08:18

there we go - now widen the spread, thats it !!

[protean] 25/1/2013 08:17

Buys roughly equal to sells yet price down 14%.

[bingowing] 25/1/2013 08:17

Uk, or wanting to buy loads up on the cheap at these levels....

[ukinvestor220] 25/1/2013 08:16

"Indicative proposals received to date" ... not all proposals !

the potential buyers prob applying pressure to stop the share price running away

[ukinvestor220] 25/1/2013 08:15

easy money eh !!

[cockneyrebel] 25/1/2013 08:14

I think those selling are bonkers imo.

The eps and assets and growth alone are worth £1 imo. The statement suggests by the timing that the indicative buy priced was up with the bid price - so they might sell for near 90p or stay independet - they were doing a great job without a bid!

All imo/dyor etc - I'm holding still

CR

[bingowing] 25/1/2013 08:11

it'll bounce but for FFS, that is just ridiculous.


Still, a buying op for many i guess.

[greenroom78] 25/1/2013 08:10

Sitting on the bottom trendline now which has been strong support over the past year.

[soundbuy] 25/1/2013 08:10

Reasonably priced once again, will take a few to add when feel its settled - first to blink on the rise I guess......

[protean] 25/1/2013 08:10

Quite a move down.

I'd imagine there are some longer termers waiting in the wings to buy.

[greenroom78] 25/1/2013 08:09

Closed most of my spread bets on the bell, am treating this as an opportunity so am watching for the bounce.

[bingowing] 25/1/2013 08:07

FFS!


Stupid RNS, Its not like this has risen insanely is it!

[valhamos] 25/1/2013 08:07

Thinking of buying more - currently 76p to buy

[freonwarrior] 25/1/2013 08:06

I'm out! 10% stop loss.

[ukinvestor220] 25/1/2013 08:00

well they didnt issue an RNS when it was above 85 p !!

[greenroom78] 25/1/2013 07:54

90p or under would be a 'no deal' from me, but with the two large holders %ages they will be making the decision.

I thought this mornings RNS is a little irresponsible in that they could've given a price range rather than just saying below 90p.

Personally at under 90p I hope the can continue without a t/o.

GLA

[greengiant] 25/1/2013 07:25

Hi All,

Unfortunate news about the proposed sale but maintain my view that between 6x and 7x EBITDA is the right multiple for this sector - the 2 latest cases have been Britto Merlin and Paragon Print and Packaging being sold for this multiple. Cannot see API going for any more.

gg

greengiant 13 Dec'12 - 15:12 - 769 of 894 0 0 edit

Hi All,

Just thought I would give my 2p worth here. Companies within the Packaging Sector are generally selling for a multiple of around 6x - 7z EBITDA. Example of this are CCL's recent acquisition, Sun's acquisition of Britton Merlin. This is on a cash free debt free basis so you have to knock debt and pension deficit off.

Looking here we have around £6m EBITDA for H1 and a forecast of 8.80p EPS for FY so you could expect around £10m - £11m EBITDA for the full year. That would give you a top end forecast of £77m less around £5m debt and £7m deficit although expect £2m reduction in H2. So overall, say £10m debt. That gives top end £67m which is not a million miles away from here.

Property is a plus so there may be some upside their but would be unusual.

gg

[protean] 24/1/2013 11:38

Strong volume again today.