Abrdn Property Income Share Discussion Threads

[speedsgh] 15/2/2013 11:39

There is an update today on API in Simon Thompson's column on IC website.

[salpara111] 14/2/2013 15:06

Best not to get caught out as the trader longs unwind their positions.
I am keeping this on my monitor until the next update as the share price should have settled by then and we should have a better view of trading for this year.

[horndean eagle] 13/2/2013 18:01

Wouldn't be totally surprised if some of the larger investors who wanted out might try and flip their position to one of the interested parties. They might want to get their feet under the table ahead of others. Picked up stock this morning near the lows. Happy to let the position run for a few days yet.

[speedsgh] 13/2/2013 15:45

Well, someone is obviously still keen on these. Plenty of sales going through and the bid keep ticking up. Suggestion of a hostile bid may prove to be a smart one in time.

[ukinvestor220] 13/2/2013 13:56

might even get a hostile bid in the meantime

[salpara111] 13/2/2013 12:14

It is going to take quite a while for a lot of long strategic positions to unwind so realistically the share price is not going anywhere for probably 3 months which is fine as that will allow them to get another set of results out and the situation will be much clearer at that point.

[ukinvestor220] 13/2/2013 10:22

great trading range then gymfit

[cockneyrebel] 13/2/2013 10:03

The ones I hold are in my pension, they can stay there.

Tend to get bounces when you least expect them in these situations imo.

CR

[gymfit] 13/2/2013 09:50

Just gone into a long term trading range of 55-65, will be a long time till the arbs unwind

[ukinvestor220] 13/2/2013 09:40

you always get the low ballers !! Los Desesperados !!

[shrout] 13/2/2013 09:16

Well I bought at 28 and 39, and sold most of my holding at 68.5 and 74.5, but have held on to a few. Still well in profit, but it's all a bit of a shock after 90p only a few weeks ago and talk of bids well over 100p.
No idea what fair value is, but I doubt it's as low as some are speculating. Just going to let mr.market settle.

[soundbuy] 13/2/2013 09:06

Numis downgrade tp from 70p to 67p

[salpara111] 13/2/2013 08:27

For once in my life my judgement was perfect having sold my stake acquired at 60 for 90.
I guess the main question now is....what is fair value?
The main thing that concerned me at the last trading update was the fact that top line revenue growth appeared to have stalled and the only reason they were able to increase profits was due to margin enhancement, they are far too small a company to be hitting a wall in terms of revenue growth and I guess that is what is scaring people.
This new trading statement is definitely making a less bullish forecast going forward.
If a reasonable amount of growth is expected then 50p is probably a bit mean but if they are going to struggle from here to grow the top line then 50 is probably a bit generous.
Place your bets!

[soundbuy] 13/2/2013 08:15

Ummmmmmmm.........I've had better starts to the morning....

[britishb] 13/2/2013 08:11

BAd luck one and all but think that was the likely outcome after the previous statement.

BUt only question now is how much is API worth?

I say 6x taxed profit less pension deficit/debt makes it around £25m at best. That's only 32p/sh. Will be interesting to see what Mr Market thinks....

[greenroom78] 13/2/2013 08:00

Looks like I'll be out. I switched all my holdings into a spread bet with a guaranteed stop back in November in case something such as this occurred. I almost lowered my stops yesterday but am glad I didn't as they are just below the close yesterday. Disappointing result after a trip up to the 90s and back and I really expected them to conclude something given the strength in price back end of last year. Warnings are a nuisance but there were hints towards it in the last update.

I'm Disappointed, but will try and learn a lesson from this. It is hard to choose between taking profits and running winners.

Assuming I am now stopped out, good luck all remaining holders.

[ukinvestor220] 13/2/2013 07:55

someone keen to dump 10K pre market ....

[bigbigdave] 13/2/2013 07:53

Expecting a drop today but.......
'the Board remains focused on maximising shareholder value' gives optimism for the future.

[shanklin] 13/2/2013 07:53

...especially now they're showing pre-market at 60/61.

[shanklin] 13/2/2013 07:52

If they deliver an EPS of 8.5p this year and 9p next year, which seems to be at the lower end of what their RNS is suggesting, then they are certainly not expensive at current levels.

[dangersimpson2] 13/2/2013 07:48

Talks called off combined with a minor profit warning should mean share price weakness today however the fairly low rating should mean they don't drop too far.

[cockneyrebel] 13/2/2013 07:15

Oh well, I guess that stement looked likely after the recent fall imo.

Disappointing but the world hasn't ended imo.

CR

[salpara111] 11/2/2013 10:31

This has now been a year in the gestation.
I really do think it is time that someone put up or shut up!

[bigbigdave] 06/2/2013 18:17

Pretty much bouncing off the trendline.
Reckon that we may get a trading update anyway in March.

[greenroom78] 05/2/2013 22:21

Decent bounce today.