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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Matrix Eur | MERE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 106.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 106.25 | 106.25 |
| Top Posts |
|---|
Posted at 25/4/2012 08:15 by nigelwestm Yep... share price fell but given that we know they plan to continue to sell assets at a premium to NAV and are buying back shares for a price that is well in excess of the current share price buying more of these is a no brainer. Every time that they return cash to me I use it to buy more MERE shares. |
Posted at 31/3/2012 09:33 by zangdook I'm also puzzled by this:Overall, the Group has seen a decline in NAV over the period from 279p as at 31 December 2010 to 238p at the year-end, of which 10p is attributable to the distribution made on 26 October 2011 and an additional 10p to the dividends paid in the year. Since the 10p distributed in October was not a dividend but, as you say, a redemption of shares, it shouldn't have had an appreciable effect on NAV, yet now they seem to be saying it accounts for 10p of the NAV reduction. |
Posted at 12/1/2012 11:26 by kramch ITCF; If you want to post some specific reasons why you think MERE might be worth buying, and stimulate a discussion you might get some considered answers. K. |
Posted at 29/12/2011 20:45 by kramch zd I don't read it like that. I don't know what the Casino lease is worth pa, but MERE now have a property with a lease length of 15 years, inflation linked, which should make it a more valuable sale proposition, for a payment to Casino of Eu 2m. Some "real-politik" negotiations on both sides. K. |
Posted at 20/10/2011 13:47 by kramch Lost in translation?This was a February blog. But interesting to know the background. Do we know the rent reduction MERE had to accept to keep IBM there? Are IBM still occupying the whole site? K. |
Posted at 05/8/2011 17:19 by skyship ASMO - actually it would be beneficial for MERE as the portfolio pie-chart shows:Germany - 52% France - 31% Holland - 6% Spain - 11% So, if the Euro broke up, then 89% of the portfolio would be in strong currency countries. Could be worth adding a few next week... |
Posted at 29/7/2011 13:32 by johnv From 7th July"Dividend The Board proposes to pay a six-month interim dividend for the period to 30 June 2011 of 5 pence per share to reflect current cash generated by the portfolio and this interim dividend payment will be made 25 August 2011, resulting in an ex-dividend date of 27 July 2011 and an associated record date of 29 July 2011." We must have. Not much of a drop |
Posted at 30/6/2011 10:04 by investor_tp MATHISVALE: I've been wondering about the tax situation too, but as I understand it proceeds will not necessarily be returned as dividend, but can also be returned as 'return of capital'. Someone correct me if I'm wrong please.My thinking was this: let's say I bought shares for 170p. Now, let's say that they pay a dividend of 15p this tax year, next tax year, and the tax year after that (numbers completely made up of course). Let's also say they return 50p of capital this year, and 100p next year, and 100p the year after. As I understand it, I would then have to pay tax on 15p worth of dividends this tax year, and no capital gains, with the capital basis reducing to 170p-50p=120p. Then next tax year I'd have to pay tax on 15p worth of dividends, and again no capital gains, with the capital basis reducing to 120p-100p=20p. Then in the tax year after that, I'd have to pay tax on 15p worth of dividends again and capital gains tax on 80p (100p-20p) per share. Is this right? |
Posted at 30/6/2011 08:45 by mathisvale The tax position on the proposed asset realisation looks very interesting, and if I have got this wrong would somebody please correct me.Suppose I buy £1000 worth of MERE shares today. Now after all the MERE assets are sold I will have received back about c £1500 in dividends and have shares worth £0. The tax on the divis is 10%, paid for by MERE and I have a tax loss of £1000 on the shares and £1500 in cash. That looks far too good to be true. Somebody tell me that I am dreaming. |
Posted at 03/6/2011 06:17 by mathisvale Are we all sure that MERE can get the full asset value for all of its properties when it tries to unload them on the market. What about the problem ones (like Frankfurt) where MERE was having trouble getting tennants.Also what about all the dealing costs of selling the properties and payofff costs for MERE's employees. Perhaps 240p - 250p per share is more realistic than the quoted 279p when all the costs are considered |
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