Axa Property Share Discussion Threads

[badtime] 20/1/2016 16:21

Held up well in considerable market turmoil ..recent slide in pound has helped I guess ..toying with adding.Apart from nibbling on som Shell I've been sitting on my hands

[eeza] 20/1/2016 16:04

Could have been - but maxed all my dosh out, here, yesterday. Lol !!

[badtime] 20/1/2016 14:55

Were h topping up? :)

[eeza] 20/1/2016 14:50

Negotiated trade printed @ 52.74p for 9 shares.

[eeza] 19/1/2016 16:21

Carney helping the cause - NAV should be ~ 62.22p.
Used my 'cash-back' to add a few times today.

[eeza] 16/1/2016 00:30

Also be using mine for the same.

Added 2 days ago also.

[badtime] 15/1/2016 23:25

When I get the latest 'cash back' I'll be using it to top up my holding

[eeza] 15/1/2016 19:08

Expected to see a few more sells, looks like most are holding for the full liquidation.

[redhill9] 15/1/2016 18:56

Close enough.

[eeza] 15/1/2016 18:39

Cash is due to be paid on the 18th - Monday next.

At Euro 1,3033 I make the NAV to be 62.01p.

[rj allen] 15/1/2016 18:05

TDW have updated my holding but have not paid out any cash yet

[redhill9] 15/1/2016 18:01

Unless I'm picking-up a duff exchange rate, the euro is now at 1.3026 which means the NAV at 30 September 2015 of 59.82p becomes 62.22p (all other things being equal, which of course they won't be).

That implies a discount of around 17.4% to the latest Bid price I noted of 51.8p, and 14.6% discount to Offer price of 53.5p. I keep buying more APT because I get the feeling based on the last year or so that they are genuinely able to liquidate in short time and at fair value.

Am I missing something or is this still a very solid buy considering the announced intention of liquidation fully in the very near future?

[eeza] 08/1/2016 21:30

Euro strength should be helping the NAV, which should be ~60.77p

[eeza] 07/1/2016 19:18

Received a Corporate Action notification from TDW regarding the redemption stating that 24.2% were being redeemed.
Still haven't updated my holding though - FFS, how long does it take a computer to calculate (x * 0.758).

[badtime] 07/1/2016 12:14

Youinvest..but they also zeroed my existing holding ..51

[typo56] 07/1/2016 11:09

Typical slack brokers. I think the problem is they haven't setup parameters for the new shares. For the same reason I suspect they also wouldn't allow you to sell, which IMO is disgraceful.

I had no problem from open with IG.

[redhill9] 07/1/2016 10:48

Tried to buy more this morning as share price clearly wrong but Barclays saying "not eligible to hold in SIPP/ISA" and Hargreaves Lansdown saying "suspended pending corporate action". Badtime, who did you buy through and what share price did you get?

[badtime] 07/1/2016 09:44

Missed the low but have added

[typo56] 07/1/2016 08:56

I think it could be viewed like a ROC, but combined with a consolidation (there are 24.21% fewer shares).

[eeza] 07/1/2016 08:53

MM's have treated it as if it was a ROC - unfortunately no funds at the mo else I would have been in.

[typo56] 07/1/2016 08:51

Yes, I spotted that. I calculate theoretical equivalent today to be 53.46p from 55p yesterday, so 48p was a nice buy. But I may be confused.

[langland] 07/1/2016 08:50

Yes I believe it was wrong pricing. I managed to get 10 in but little stock around. All previous redemptions (I have had them all last 2 years) have not affected price. MMs seem to have treated it like a exdiv which is plainly wrong.

[skyship] 07/1/2016 08:39

Was that a strange mis-pricing this morning - missed it as wasn't 100% sure of the repayment format; but if solely a redemption, then a great opportunity missed to get back onboard!

[eeza] 06/1/2016 11:36

6pm tonight deadline.

Edit: 6 January 2016 (close of business)