Hansteen Share Discussion Threads

[grahamite2] 01/9/2014 10:58

I have been looking through REITs on a recommendation but most seem to have drawbacks - paying out more than earnings, imminent placings, already having gone up 20% in a year...

This one seems such a standout, I wonder if I am missing anything?

[mach100] 11/5/2014 15:41

Yes John. This has come on my radar. I think the divi is nice. They have made some smart deals and exits. The Euro weakness will hit the bottom line though. Any views on potential upside here? Will the change to the Bond conversion price mean anything material?

[johnsoho] 28/3/2014 15:27

This is a very quiet bulletin board. Good sign in my view so just purchased a few

[purplebox] 12/10/2013 16:08

Pound seats this time...?

[lew stules] 27/9/2013 10:37

Consolidation at the £1.00 level for a while until the next leg up to
£1.15 - £1.20 IMHO.

[purplebox] 24/9/2013 21:34

Can't seem to keep the pound seats at the moment...

[sharpshare] 29/8/2013 10:58

ERET interim results out today.
European Real Estate Investment Trust Limited
NAV is up 1p to 194p per share.
Current share price 80p
So discount to NAV is 59%
Net LTV 58.4%

Hansteen with top qualtity management now trading at a premium to NAV.
Perhaps HSTN may like to buy ERET at a nice discount.

[topvest] 28/8/2013 16:08

Really good news today for Hansteen holders - not so if you are a Warner Estates holder. I'm pleased to be in the right camp. This gives Hansteen significant scale - a transformational deal by the looks of things.

[ydderf] 05/2/2012 12:40

SKYSHIP - you got that (9 months later 76p) right!!!

[skyship] 13/4/2011 14:23

Massive placing & open offer @ 81p. This will ground them for ages. A stonking sale, especially if you are seeing this today & can still sell for 84.5p.

BUY CIC @ 111.5p - predator @ 28% NAV discount
BUY MCKS @ 119p - a target with a 6.8% yield & a 39% NAV discount
BUY IFD @ 37.4p - yielding 9.4% and a 24% NAV discount

Property companies standing at their asset value are an absurdity IMO...

[nellie1973] 30/3/2011 16:23

broker upgrade

[skyship] 23/3/2011 18:28

Well I certainly misread this one back in September - up 13% since then. But now standing at the underlying NAV, so a retrace to 75p more than likely in the short/medium term.

Microcap REIT McKay Securities (MCKS) yields 7% and stands on an NAV discount of 41% - yes, 41%. NAV of 195p versus share price of 115p!

Looks like a good switch to me....

[nellie1973] 23/3/2011 17:57

Broker upgrade today

[lbo] 07/2/2011 20:06

Commercial property owners and developers are in breach of covenants on four out of every five loans, with £194bn at risk, according to an unpublished report for the Bank of England. Lenders with £243bn outstanding to commercial property companies are still heavily exposed to bad loans and could take heavy losses in the coming years. The Bank of England Commercial Property Forum said that three years on from the start of the credit crunch many of the key property loan risks identified in 2009 were still relevant, the Times reports.

[nellie1973] 07/1/2011 13:46

Broker upgrade

[purplebox] 26/10/2010 17:59

ExDiv Tomorrow.



"As announced on 31 August, the Board of Hansteen has declared an interim dividend of 1.4 pence per share (2009: total dividend of 3.2 pence) which will be paid on 25 November 2010 to ordinary shareholders on the register on 29 October 2010. Of this dividend 0.56 pence per share is a REIT Property Income Distribution (PID) in respect of the Group's tax exempt property rental business."

[rambutan2] 22/10/2010 01:10

div...

DIVIDEND DECLARATION

As announced on 31 August, the Board of Hansteen has declared an interim dividend of 1.4 pence per share (2009: total dividend of 3.2 pence) which will be paid on 25 November 2010 to ordinary shareholders on the register on 29 October 2010. Of this dividend 0.56 pence per share is a REIT Property Income Distribution (PID) in respect of the Group's tax exempt property rental business.

The second dividend for the financial year to 31 December 2010 will be payable on 26 May 2011.

[rambutan2] 04/10/2010 23:56

19m volume today, great majority of which was in a bunch of big trades this morning all at 75p, which pretty much a mid price. In any case, HSTN ended up 2% on a down day.

[exel] 27/9/2010 08:23

thanks ram, maybe we could make a new thread (say HSTN) at some point, if/when there is a meaningful block of research to post. I am still reading myself in. meanwhile, this one remains on the radar for a number of reasons (was always v impressed by Ashtenne, although sadly not a holder there. your buys (above) now look very smart indeed. I sense that the institutions are stocking up here, and expect further RNS flow to support that view idc. ex

[rambutan2] 27/9/2010 00:33

exel, it's not possible to change.

[exel] 26/9/2010 10:33

Cezary - would it be possible to correct the typo in the name of this thread? thanks, ex

[horndean eagle] 21/9/2010 20:12

Its index shuffling giving HSTN a boost just like it did previously. It won't last. METP and IFD also spiked very hard on Friday.

[rambutan2] 21/9/2010 15:13

Quite poss that have got another deal in the wings, the banks still have vast amounts of prop on their books (see pg3 of FTFM yesterday) which they need to shift.

Alternatively, perhaps an overhang has been cleared. I noticed that Artemis had sold down recently.

Whatever, it makes recent buys in the low 60ps look good.

[gill17] 21/9/2010 09:55

Stranger and stranger. A price increase of 10p on very small volume. Something must be brewing?

[rambutan2] 20/9/2010 13:27

Could be due to the FTSE 250 demotion coming into effect today ie related index sellers out as at close fri.