Hansteen Share Discussion Threads

[lbo] 01/2/2010 21:57

Get out of UK commercial property

[topvest] 06/1/2010 20:25

I bought some of these today. Looks an exciting REIT here with a chunk of cash to spend, some very high yield properties, an unhedged euro portfolio and a strong management team with an excellent record. You can buy for around NAV which is not bad with a 4% yield, the prospect of valuation gains and a couple of hundred million to invest near the bottom.

[investinggarden] 19/10/2009 10:08

Hold recommendation from Growth Company Investor

[ydderf] 13/10/2009 19:38

what a load of old cobblers the directors spout, property investment is not rocket science - see for example:

[martincc] 01/10/2009 14:13

Results seem ok, NAV down to 107p and further reduced to 87p post new shares, so based on that price looks to be up with events?

Pushing ahead with move from AIM to full listing, and convertion to a REIT.

L2 today looking good, 140k v 60k
I still get the feeling something more is going on here?

[purplebox] 17/9/2009 21:27

Will these hit £1 tomorrow - or will it be next week?

[robson1974] 11/9/2009 12:03

bid rumours on FT Alphaville live blog


NH
sticking with the small caps
NH
some bid rumours around in Workspace
Workspace Group (WKP:LSE): Last: 26.00, up 0.75 (+2.97%), High: 27.50, Low: 25.25, Volume: 7.02m
NH
the idea seems to be that Hansteen may come in for them
NH
they are cashed up
NH
something like £200m in the bank
NH
and might look to put it to work

[lbo] 10/9/2009 20:36

AIM-listed Hansteen is planning to graduate from the junior market to the Official List and then convert to a Real Estate Investment Trust (REIT).

[martincc] 24/8/2009 09:13

good article posted on MNR board by mdchand, refers to HSTN recent holding in WNER




Another struggler is Warner Estate Holdings, where stock market favourite Hansteen has parked its tanks on the lawn by buying an 18.5% stake.

[knitcraft] 18/8/2009 10:20

This looks better and better as seems to be lagging behind other propert plays.
Lots of news due in next few weeks. See above posts.

[martincc] 13/8/2009 11:00

L2 looking better, most trades past couple of weeks going through PLUS

[martincc] 10/8/2009 15:58

key info -

HSTN

Ints 22/09/08
Fins 2/04/09
AGM 8/06/09

AIM listed, continental Europe real estate
y/e nav 128p announced in fins 2/04/09
3.2p divi p/a
Existing portfolio yielding over 8.75%
Intends to go to full listing within 12 months
June09 fundraising at 75p raised £194m net of expenses
N/E Chairman is James Hambro of JO Hambro

23/06/09 placing & open offer doc - NAV as at 31/05/09 was 124.4p, so at 32% disc to NAV

3/08/09 launches HIPUT fund. Planned to be £180m, HSTN putting up £30m, to invest in UK industrial property & gets mgt fees -
'As Property Adviser, Hansteen will receive an asset management fee and a
performance based fee equal to 20% of returns above a hurdle of 10% per annum
rising to 30% above a hurdle of 15% per annum.'

6/08/09 big trades, 10M+ vol.

Next news, ins around 22/09??

[martincc] 10/8/2009 15:57

From Citywire Jul09 -

Leading fund manager team Mark Lyttleton and Nick Osborne of the BlackRock UK Absolute Alpha fund have invested substantially in the AIM-listed property company Hansteen Holdings PLC.
Lyttleton purchased 43.8 million shares in the company, representing 9.82% of the issued share capital and worth £52.15 million at Monday's closing price. He is likely to have been buying into a rights issue announced by Hansteen last month.
Hansteen is a property company that focuses on investing in industrial property in continental Europe. The group's net asset value fell by 7% to 128 pence in its latest annual results reflecting a decrease in value of its properties over the year. However, during 2008 both income and occupancy remained robust and normalised profit increased for the third consecutive year.
The BlackRock UK Absolute Alpha fund is a unit trust that aims to deliver a positive absolute return for investors regardless of the UK market environment. Lyttleton has been investing in UK equities for 15 years and Osbourne has been with BlackRock since 1999.

[omerta] 10/8/2009 15:39

Also Artemis shows as going over 10% today.

Firm price in recent days may be down to them appearing to add 250/- to their holding taking it to 10.4%

[martincc] 10/8/2009 15:28

Hi CR,
good to see you here,
I've been watching these for a time & bought in this morning.

I've got some research info, will post later

[cockneyrebel] 10/8/2009 15:06

Lovely and quiet on here - bought in today.

Resultrs in a month and 2 directors bought 1m each in the placing recently @ 75p.

Chart has just broken out, property sector hotting up.

CR

[qs9] 30/3/2009 17:41

This does look interesting as a year+ play.....any up to date broker notes? Thanks

[omerta] 07/2/2008 17:37

Could it be something to do with a less politically stable situatuon in the countries DDC have invested in >>>> Croatia, Slovakia, Romania etc.?
Regular retail sales going through HSTN and the price goes a tad better most days = suggests possible Institutional demand.......... Management well regarded Stand by for a "cheap" BID !!

[hectorp] 06/2/2008 11:00

hmmm! missed all that! I forgot to stick this company on my monitor.
- Why has this done so well compared with DDC falling. Is there a case now for switching to DDC if you made a bomb here recently.

[hectorp] 26/11/2007 10:38

so why has this doggy done nothing but tumble?

I'll stay with DDG.

[lbo] 07/7/2007 14:55

New signs of distress in the UK's shaky commercial property market have emerged after Standard Life slashed the unit prices of five of its real estate funds in response to nervous investors cashing in their holdings.

[omerta] 20/6/2007 13:30

LBO ... thanks for that link. The volume trades do not appear to have been done on the Plus market although KBC are up there in 50/- and WINS in 5/-.
Although the price is the same 132/5 in both markets this morning I have found that the LSE quote more competitive in other stocks that have a Plus alternative.
The recent fund raising at 131p was done at market levels.. virtually no discount and went very well and all the news coming out of the company has been bullish/steady so any bad news would surprise.
This stock must have a Beta factor of about 2 !! so a 10% fall in a couple or so weeks is abnormal ........ so perhaps I better get ready to be surprised afterall.

[lbo] 20/6/2007 11:11

Placing was at 131p so it looks like it got ahead of itself and we have sellers taking profits. Or some bad news is on the way!

I took profits a while back and watching now to see how far it falls. It may also be related to the fact that they been quoted on plus markets also since January which is quote-driven not mm driven. Seems a lot of big volume has been trading on plus markets the last few days.

[omerta] 19/6/2007 23:27

Anybody out there...?

All news thus far in 2007 has been positive... fund raising/Institutional demand and maiden dividend payment.As a result the share price has been going slowly but steadily better. Now suddendly a 10% fall in three trading days..with some size going through

Odd ....