O Twelve Estates Share Discussion Threads

[quepassa] 07/7/2012 23:15

ACCEPTANCES TO THE UNCONDITIONAL RECOMMENDED OFFER OF 7P PER SHARE NEED TO BE NOTIFIED TO THE BROJKER/REGISTRAR BY 19th JULY.

ALL IMO. DYOR.

QP

[topvest] 28/6/2012 21:32

Yes, a sorry end just ahead of the Olympics. The prospect of a bubble in property prices around the Olympics has been a loser of an investment theory unfortunately. Happy now to take the 7p and move on. I still am amazed that Perloff and Panther made a profit on their investment in this dog...are they the only winners?

[quepassa] 28/6/2012 08:40

Unconditional offer Recommended by Board at 7p per share has been released.



ALL IMO. DYOR.

QP

[quepassa] 19/6/2012 09:25

Scruffy little company.

As this would be recommended by the Board and as discussions are advanced, I think there is a strong likelihood of a formal bid arising which would most probably succeed as Westbrook already own 77% of the Company. This is my opinion only.

ALL IMO. DYOR.

QP

[topvest] 18/6/2012 20:10

012 has been a very poor investment. I bought a few more at 8p in 2009 and I will still make a loss on those! But I'm happy to take 7p if that's what comes in and cash up this dog. Two dogs today have come home - 012 and CW.!

[quepassa] 18/6/2012 14:27

Post 331 refers.

[mildred49] 18/6/2012 13:39

woo a free £50 odd quid

well done moreforuseless

and you got all those CGT losses to use up as well on bankrupt stuff like DISL and EFD hey ?








moreforus
18 Jun'12 - 13:35 - 113027 of 113027


comedy i'll hold for 7p....only managed a tiny amount but still it's free money!

[moreforus] 18/6/2012 13:18

for the entire issued and to be issued share capital
of the Company not already owned by VIII Investment at a price per
share of 7 pence.

[quepassa] 28/10/2011 17:03

So Westbrook now with around 77% are likely at some time to make a bid, in my view only, for the rest of the shares at little more than the current knoock-down price. It would only take a further £4-5million at todays market cap for Westbrook, plus a small acquisition premium for them to get the whole of O'Twelve.

If Westbrook have just bought Panther's 10% to increase their holding to 77%, it seems unlikely to me, that they won't go for the full 100%.

ALL IMO. DYOR.
QP

[truckertee] 28/10/2011 13:15

That's Panther sold out, obviously to Westbrook.

[truckertee] 27/9/2011 13:18

At these levels you'd think our properties were full of squatters.

[hybrasil] 26/9/2011 11:49

I wonder did cerrito ever buy.

At these levels it is surprising that Andrew Perloff isnt hoovering them up!

[empirestate] 17/8/2011 09:29

looking reasonable value from here on a NAV basis

[envirovision] 25/7/2011 12:23

How are you working out your 6.75 ?

[cerrito] 25/7/2011 12:19

As someone who used to hold shares and did have this on my radar was interested to see the results.
Despite the current price being below the price at which they did their placing some months back and the success in reducing voids (at least pre Thurrock) I have no enthusiasm for buying the shares (even though the discount to March 31 2011 valuation has increased after this morning's fall).

The cash flow for the last year was a good improvement over the previous year but operating cash flow was just enough to pay the interest bill and nowhere near enough to pay the oneoff debt renegotiation fee.
For me an appropriate price would be to buy at about 6.75p but not sure if it will fall so far so will forget.

[truckertee] 21/6/2011 16:31

Looks like 3x 250k buys today. That's a lot for this company as recently we've hardly had any buys of size.
I wonder if we have a leaky ship re some news.

[cyril4] 21/5/2011 10:29

Looks like everyone has lost interest in this one,are my right

[hybrasil] 28/4/2011 12:05

what %age do Panther own?

[cyril4] 28/4/2011 11:31

when do we get a member of panther securities on board

[induna123] 16/3/2011 08:06

sounds good

[praipus] 01/2/2011 21:53

reffering to directors if they are rubbish shareholders can vote them off. I dont think it's such a big risk or concern.

[paul1967] 28/1/2011 11:36

institutions are share holders

[praipus] 28/1/2011 10:26

Institutions can vote them off if they don't look after the shareholders.

[paul1967] 28/1/2011 09:44

"think panther will ditch these
"
Why, all the others have added.