O Twelve Estates Share Discussion Threads

[quepassa] 05/5/2010 10:59

Good buying opportunity.

All IMO. DYOR.

QP

[ntv] 05/5/2010 10:06

nice drop
interesting little company

[quepassa] 30/4/2010 19:35

But Panther Securities with just beneath 30% are a particularly noteworthy investor.

ALL IMO. DYOR.

QP

[quepassa] 30/4/2010 18:27

This is a closed end investment company. You wouldn't really expect them to.

All IMO. DYOR.

QP

[high park] 30/4/2010 17:26

According to the 012 website, the Directors hold precious few shares.

[quepassa] 30/4/2010 16:44

Links.

CORPORATE WEB-SITE:-




CORPORATE CALENDAR




MAJOR SHAREHOLDERS





QP

[red army] 30/4/2010 16:12

Just phoned the company and they said that the results would be announced around the same time as last year ie July.

[ydderf] 30/4/2010 15:39

stockbrokers are not usually in accurate and up to date touch with the commercial property investment market, i reckon that averaging best and worse case gives most likely present nav i.e. 34p

[duncan hammatyme] 30/4/2010 15:13

so your analysis is close i'd say

[duncan hammatyme] 30/4/2010 15:13

broker recently gave a conservative NAV of 26p i believe

[ydderf] 30/4/2010 14:57

On OTE, my estimated NAV calculations after the disposal are as follows:

All figures from Half Year Report 30th September 2009 adjusted for my estimate of current investment auction values from recent auctions in London.

Investment Property 171.5 - 17.8 disposal = 153.7
ERV 16.6m - 1.65 disposal = ERV = 15m
Capitalise ERV of 15m (remaining after disposal) at 7% 214m revised value of investment property, an uplift of 60m or 49p per share.

So best case is 45p including derivative liability
Pessimistic scenario would be 8% capitalisation rate which produces an uplift of 28p per share, or a NAV of 23p after accounting for the derivative.

Main risk is 'cheap' buy out by a major shareholder.

Good hunting!

[duncan hammatyme] 30/4/2010 14:31

another tick up comign?

[duncan hammatyme] 30/4/2010 13:45

think it's either june or july, not 100%

[struk2008] 30/4/2010 13:42

When are the results due.

[paul1967] 30/4/2010 13:42

Where is Freddy, all that panic about it falling back;-)))

[duncan hammatyme] 30/4/2010 13:39

well i bought some more today and averaged up, can see this near the broker target come the results (25p)

[wattzy] 30/4/2010 12:14

Really happy that the gains have held after the last rns, and we are still ticking up slowly, can see this in the 20's over the next few weeks/ months.

Solid little company.

[red army] 30/4/2010 12:07

This holding alows me to sleep at night.

[quepassa] 30/4/2010 11:14

This share has been off the radar.

If property valuations are uplifted in the forthcoming results as is probable in my view after the dramatic recent disposal at 37% above Sep '09 book value, this share has the possibility of being significantly re-rated by the market.

All IMO. DYOR.

QP

[quepassa] 15/4/2010 14:40

Great to see such a positive broker report on O Twelve Estates. Well worth reading the full page write-up. Yes, thanks for posting it.

I guess Liberum's summary about O Twelve gives a flavour of how they rate the Company:-

" We see enormous value in Henry Boot and O
Twelve Estates as our monthly foray into the property world."

All IMO. DYOR.

QP

[newswseller] 15/4/2010 13:25

thanks for the broker note, very interesting

[paul1967] 15/4/2010 10:29

Yes, why i'm happy holding

[quepassa] 15/4/2010 09:38

O Tweleve showing resilient performance over last few trading sessions.

The story behind their recent £24m Disposal at 37% above Book Value is being digested by the market and the beneficial implications of this on the Company and the rest of their property portfolio valuations are dawning.

ALL IMO. DYOR.

QP