Mountview Estates Share Discussion Threads

[jonwig] 11/6/2014 11:59

Right, thanks. That probably explains it.

Presumably his reasoning was hidden asset value and/or corporate action?

[shutittrev] 11/6/2014 11:33

Unsure....however, on the 5th June Mike Walters tipped this and gave a very bullish narrative...

[jonwig] 11/6/2014 11:14

This can't be caused by a move to the All-Share index ... can it?

[jonwig] 04/6/2014 14:57

How much tracking is there of the all-share?
Don't know, though with MTVW it wouldn't need to be much to move the price.

Alternatively ...

a) investors are becoming wiser about the "true" (ie. not demanded by IFRS) asset value here, especially with the extraordinary London housing market,

b) the reported boardroom tensions might release value.

[newbold120] 04/6/2014 14:34

? maybe - announced this evening. worth looking out for?

[newbold120] 04/6/2014 14:33

going into the all share!

[eggbaconandbubble] 29/4/2014 10:06

Matey reckons they are good for £82.
MM's short of stock too.

[jonwig] 29/4/2014 09:34

The share price hike on decent volume last Friday and yesterday - big moves normally only happen after results announcements.

[eggbaconandbubble] 29/4/2014 09:17

jonwig, can you please explain what you mean. Ta.

[jonwig] 24/4/2014 19:04

Not something you see here very often!

EDIT: it's not a press comment as far as I can find, and not IC.

[chri5 wright] 07/2/2014 11:33

Consider that the reality of the situation is that the Sinclair family are 43% geared ( ie we as minority shareholders have lent them the money indefinetly, with no covenants or review dates ) and the rate of interest is 3.5% ( dividend ) - no capital repayments.

[nk104] 07/2/2014 11:12

I've heard of minimalistic statements, but this lot take it to another level.

Still, I much prefer cautious to hyperactive management.

[jonwig] 06/2/2014 07:33

IMS to the end of Q3:

Gross Profit is up by 11%, Profit before tax is up by 22% and Earnings per share are up by 23%. These figures show a position of strength at the end of our third quarter but the final quarter must give a strong performance before we can confirm increases for the full year. Debt has been further reduced so the Group is well placed to make any suitable purchases.

They don't mind buying already buoyant London house prices? Or are they looking further out? As usual, they don't say enough to be helpful.

[jonwig] 28/11/2013 08:20

HY results. Usual deadpan stuff, virtually no comment.

But the numbers say it all - profits nicely ahead, though it could hardly be otherwise in London.

I see they've booked a gain on sale of an investment property and bought more trading properties with the proceeds.

[jonwig] 05/10/2013 08:25

Trading stock is valued at the lower of cost and current market value.

It could well be that some sort of 'gross' NAV is as high as £150 if we assume such things as realising everything tomorrow as against undiscounted time effects, and ignoring refurbishment costs needed to bring properties to optimum saleability.

[coolen] 04/10/2013 22:21

Is this because "trading stock" has to be accounted for in the published nav at merely the original cost ?

[deuchar] 04/10/2013 20:16

I'm told reliably that the NAV is £150 per share-any comments

[jonwig] 08/9/2013 08:24

So why would they want to revise the Concert Party Agreement? Is there a clue here?

This revised agreement sets out certain terms of conduct between the concert party members, including the event of an offer being made for the Company.

Probably not ... anyway, it covers 53.48% of the shares.

[jonwig] 15/8/2013 19:23

greatgig - re. directors, I'd agree, but most are family connected, and therefore indirectly big holders via trusts, etc.

The 1,500 held by JLM is worth around £100,000 so not too bad ... bigger than mine!

[greatgiginthesky] 15/8/2013 09:40

This is one of those companies where director share purchases are great votes of confidence in the future performance of the company. So, it is a little surprising that there have been none here for 2 years now.
MTVW is a great share to tuck away and enjoy the forthcoming property market rise, with the likelihood of more dividend increases on the way. Not too exciting, but very solid.

[topvest] 29/7/2013 20:45

Sorry, don't have time for AGMs. Maybe one day!

[jonwig] 29/7/2013 07:00

topvest - if I thought they would go into wind-up mode, I'd be concerned that they'd delist first and keep the benefits for the 50%+ family holdings.

It's a question for the AGM, but I've never managed to make the trip up to London. Would it be convenient for you?

[topvest] 28/7/2013 14:03

Yes, thanks - so they have about 2% of the market. I don't really think they need a new skill if they can milk this for another 10-20 years and then wind the company up. There is still quite a bit of potential to play a larger share of the diminishing market place.

[jonwig] 28/7/2013 11:45

Topvest - is this the article?



It explains, also, why London is the main area for potential gain.

IC pointed out a while back (I think I posted a link) that MTVW needed a new skill to add to its portfolio.

[topvest] 28/7/2013 10:57

Anyone know how many regulated tenancies remain in the UK. I think I saw numbers a year or two back, but can't locate now. I seem to think it was about 100k, but might be wrong!