Great Portland Estates Share Discussion Threads

[nil pd] 16/3/2006 09:19

goldthorpe: I'd be surprised if it were only around 376p. Wasn't that the NAV as at interims late-November? EDIT: I MEAN, AS AT SEPTEMBER 2005.

Keeping an eye open between 10:30 to 11:00am this morning - if GPE are true to form, we can expect results to be published then. I'm bullish. Wonder when we will be over 400p?

[nat7] 15/3/2006 16:40

Thanks Goldthorpe - hopefully FTSE will continue to push higher and maybe they can bank some profit on the option

[goldthorpe] 15/3/2006 14:56

nat7:

The initial level of the index at option purchase is 5142.
The notional amount is 120m.
The option cost was 14m.

At the present time (14:55, 15/03/2006) the FTSE is 5976,
so the gain is:
[(5976-5142)/5142] x 120m - 14m = 5.46m.

That's about 6.4p per share.

Nilpd: I don't suppose NAV at end December 05 will be far from 376p.
A lot of selling of GPE recently, but I haven't noticed any bad news. I actually mopped up a few shares earlier today using small amounts of spare cash in an ISA and a dealing account.

[nil pd] 15/3/2006 12:18

Results tomorrow, I expect.

Any views on the numbers, NAV?

[nat7] 15/3/2006 10:59

I wonder how much the FTSE option is now worth, bearing in mind the rise since purchased

[goldthorpe] 14/3/2006 14:23

Anyone know when the Finals are due out?

[goldthorpe] 08/3/2006 17:36

I think it's just general market conditions, profit taking etc. The buys and implied buys seemed to match the sells at close.

[nil pd] 08/3/2006 15:12

What's happening to the share price today? Results anticipated to be less than good or sales pre-end of tax year? Or other?

[goldthorpe] 27/2/2006 17:09

abeetle2 asked about the U-POL sale recently. I found the following, suggesting it completed:

[purse] 09/2/2006 16:24

Nice to see some price recovery today.
Still not quite back to where it was.

[abeetle2] 07/2/2006 10:10

thedaidai,
Thankyou very much for this response. I hadn't navigated properly the new graphite website.

[thedaidai] 06/2/2006 18:04

abeetle,

Huntress was refinanced in August 2005 resulting in a return of capital to GPE, meaning that the value of the remaining stake was lower.
see

[abeetle2] 06/2/2006 16:24

One curious thing is that in the announcement to the stock exchange on Jan 3 2006 Huntress Search was no longer listed as a top ten holding. Whatever happened to it?


ANNOUNCEMENT TO STOCK EXCHANGE
GRAPHITE ENTERPRISE TRUST PLC
3 January 2006
Graphite Enterprise Trust PLC ("Graphite Enterprise") announces that the ten largest
investments at 30 September 2005, the most recent date at which the portfolio valuations
have been reviewed by the Directors, were as set out below. All investments representing
more than 5% of the gross assets of Graphite Enterprise are included.
Company
Hicks, Muse, Tate & Furst Europe Fund
Corpfin Capital II
ICG Mezzanine Fund 2000
Graphite Capital Partners VI
U-POL
Wagamama
PAI Europe VI
Doughty Hanson & Co IV
Barclays European Infrastructure Fund
Preh

[abeetle2] 03/2/2006 16:53

But but that would imply all these sellers know that. Surely that can't be right.

[purse] 03/2/2006 14:23

Or has one of the holdings not performed.
Todays RNS covers holdings up to the end Sept, it leaves us with 4 months of unknown changes.

[abeetle2] 03/2/2006 14:22

--or is it, as in previous instances, in the absence of any NAV movement, a precursor of an upwardly revisionist announcement?

[abeetle2] 03/2/2006 09:51

An awful lot of selling today! Has GPE run out of steam?

[abeetle2] 25/1/2006 16:42

Anybody know what happened to the U-POL sale?

[goldthorpe] 26/12/2005 18:07

Huntress turnover in year to Dec 2004 was 33.6M, with operating profit of 2M. In GPE 2004 final accounts, its 44% of Huntress is valued at about 8p per current GPE share (6.4 x operating profits). In GPE 2005 interims, Huntress is valued at about 9.8p per GPE share. The original cost was about 2.5p per current GPE share.

Annual t/o of Huntress now stated to be over 60M: up 80% in a year. Sounds like another Maplin Electronics to me.

[goldthorpe] 26/12/2005 17:44

Thanks for that, thedaidai. That's over 8p per share on the NAV selling U-Pol.

[thedaidai] 23/12/2005 21:30

Graphite is selling its second largest single share company , U-Pol, to ABN Amro Capital in a deal valuing the company at £75m


The investment was valued at £8 million in the June 05 interims and should now be worth £15m for the 20.2% stake

The largest single share company, Huntress search is also growing rapidly


These may be the reason for the recent uplift in the share price

[18bt] 19/12/2005 11:02

Its nice to have a thread where almost everyone seems to be long term investors.

Goldthorpe: thanks for shareholder info. I hold mine through a SIPP, so the documents never come through.

With the FTSE call option, this is a good investment in a bull market.

BT

[purse] 16/12/2005 21:53

I think they are buys, I have an F&C ISA, with the divi re-invested, they have purchased at £3.6725.
Which suggests the large trades are also buys.
It's interesting depending on which Portfolio, or site you choose the closing price is as high as £3.6975 BID could be good for next week.

[goldthorpe] 16/12/2005 16:47

abeetle2,
I think they are buys; just interpreted as sells by the ADVFN software.