Axa Property Share Discussion Threads

[badtime] 29/2/2016 10:04

Yep that's how I see it

[eeza] 29/2/2016 09:59

So - NAV up to 62.06p at Dec 31

Plus good & bad

"Fuerth Bavaria was sold for EUR 34 million some 36% in excess of valuation at the time of the commencement of the Company's disposal strategy in 2013.
The industrial property at Venray Netherlands was sold in December 2015 for EUR6.6m, some 23 % below the 2013 valuation"

"The Board and Manager are quite confident of a good disposal of the German property. The two Italian properties are intrinsically sound

but their disposal is much less certain in context of the sub sector property markets in Italy."

[badtime] 29/2/2016 09:27

Well there we have it the half yearly report

[badtime] 26/2/2016 23:47

Ok half yearly report hopefully Monday with the possibility of another redemption announcement at the same time

[badtime] 24/2/2016 14:03

:) ...I'm relaxed...honest!

[eeza] 24/2/2016 12:31

Lol !!!

But NAV should be around 63.80p due to Euro X.

[badtime] 24/2/2016 12:22

And then someone dumped 50k

[badtime] 24/2/2016 10:58

Spreads tightened.....news imminent?

[badtime] 22/2/2016 18:46

Yep that's my thinking too.I was happy to add as stated in a recent post ...held steady during recent market turmoil

[redhill9] 22/2/2016 18:33

Based on last year, we may hear something Friday or maybe Monday.

All other things being equal, the current euro exchange rate seems to have tipped the NAV just above 63p.

APT have stated that Dasing and Venray were expected to be under contract by the end of 2015 so realistically should complete soon if they haven't already done so. My estimate based on last valuation information is that these two should generate around 14p cash per share, so maybe another distribution imminent.

[badtime] 21/2/2016 20:49

Update due this week?

[eeza] 19/2/2016 09:12

Buyers keep nibbling.

[badtime] 13/2/2016 10:01

Added a few at shade under 53

[badtime] 09/2/2016 16:08

Ask 52.75...tempted to add a few

[eeza] 09/2/2016 14:24

Lol !!

Yes, 2015.

[redhill9] 09/2/2016 14:17

I think you mean EOY 2015? That's what I meant about hearing soon. In the past APT seem to have made distributions as soon as cash has been available.

[eeza] 09/2/2016 12:40

All assets were slated to be sold by EOY 2014, other than Rothenberg which has now been marketed.

[redhill9] 09/2/2016 12:14

eeza, all other things being equal, that looks about right to me too with latest euro rate.

I'd expect we'll hear soon about further asset disposals and share redemptions - hopefully the end is nigh. Offer price is around 54p so still looks a solid "buy" to me on a short term view.

[eeza] 09/2/2016 11:57

Will be interested to find out the current NAV.
I make it ~62.88p.

[culver] 26/1/2016 13:05

Thanks eeza & redhill9. Will also raise a complaint with Barclays

[eeza] 25/1/2016 21:59

@culver

Re: Barclays; have a read of the ERET thread post #545 onwards, regarding ROC/Tender where similar problems occurred.

[badtime] 25/1/2016 21:32

Not had a problem

[culver] 25/1/2016 18:56

Has anyone experienced delays in receiving the redemption proceeds due on 18 Jan? Barclays Stockbrokers have not credited my account and claim not to be aware of any payments coming in to them.

[eeza] 20/1/2016 16:53

Well can't see any reason for the turmoil to affect the remaining property sales, so no reason for the share price to suffer.
While NAV should be increasing with Euro strength.