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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bourne End Prop | BEP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 20/6/2000 00:30 by acol Did anyone else benefit from a punt on BEP? I posted on the 12th May that Helical Bar had just taken a 12% stake in the company. They have just offloaded 1.5mn shares at 64p. A nice little earner for a shrewd company with a nose for good value.Anyone buying on the 12th May would have realised a fairly safe profit of 28% based on the mid price. I bought @ 44p & gained just under 45% profit in just over a month. Property may well be a depressed sector but it is still worthwhile targetting well managed small companies which trade at very high discounts to NAV. |
Posted at 16/5/2000 01:22 by acol morse codeI agree with your view on interest rates. This is all the better for companies like BEP which have got rid of their long term expensive debt. You may well be correct in your assertion that property will continue to be a depressed sector. However, out of favour sectors often produce some good bargains with BEP being a good example. Generally speaking the 'trend is your friend' but in todays uncertain market I am happy to pick up the odd value share. Not necessarily to keep it for long. BEP has already increased by 20% in 3 weeks. Not bad when many 'more exciting shares' have reduced by that amount in less time! I think there will be more consolidation/takeov |
Posted at 12/5/2000 21:29 by linhur Most analysts seem to ignore FRS13 and most of the public quoted property companies put the effect in a note to the accounts.It mostly affects acquisitions or disposal of the whole company if the debt cannot be rescheduled.Most property companies ignore it for practical purposes as they argue that it is not their intention to repay the debt before it is due and the debt was used to fund purchases with a lot higher return than currently available. I now have 30% of my portfolio in the property sector as it gives a high dividend yield and backed by assets which are discounted between 25-50%.Also one or two consolidations ( I am currently waiting for Dencora at 300+ having bought at 185p) are starting to happen IMHO good value in the sector as no indication that market rents are coming down. regards linhur |
Posted at 12/5/2000 14:38 by acol Interesting situation developing with this company. Helical Bar has just taken a 12.05% stake in the company. Not surprising really when you consider the huge discount to NAV. Brokers expect NAV to be 99p a share by the year end.BEP has been transformed in recent months with the disposal of the high coupon debt. At the time this promoted the shares to rally to 64p. Directors have been consistent buyers for several months. The current share price has been depressed because of the general dislike of property companies and those specialising in retail property in particular. In recent weeks I have detected a slight improvement with, for example, LAS off its lows. Boring maybe but I have been quite happy to tuck a few away as a medium term punt. I have made good money (is there any other kind?) from a medium term trade of this share. I reckon the relatively new management have made some good moves & at least they have backed their judgement by their own money. |
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