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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Off-Plan Fd | LSE:OPF | London | Ordinary Share | JE00B5NFKB77 | ORD SHS NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.50 | GBX |
Off-plan Fund (OPF) Share Charts1 Year Off-plan Fund Chart |
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1 Month Off-plan Fund Chart |
Intraday Off-plan Fund Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/11/2010 | 17:00 | 90 Pence of a house for 9p, seller gone.!!!!!!!!!!!!! | 386 |
| 16/7/2009 | 12:29 | FORCED SELLERS THREAD | 2 |
| 22/7/2008 | 12:23 | Offplan with Charts & News | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 24/11/2010 10:57 by tara7 Thanks guys looks like OPF and NTA were the very best property/builder investments one could have over the last two years.However even they did not get near my Comland , who got bought out as the boom bust in AUG 2007. They were part of a Banner Homes 1 for 4, share split and cost me 4p each. Sold for £9.50p.!!![each] |
Posted at 24/11/2010 10:12 by jamie62 good post:borchardt - 26 Oct'10 - 08:40 - 366 of 379 Half yearly report in June quoted cash resources of approx £1 million. Insurance claim will result in further inflow of £1.1 million - Total assets therefore aprox £2.1 million. Assuming wind up costs and expenses of approx 250k this would give wind up proceeds of approx £1.85 million against current market cap of £1.2 million Redemption proceeds therefore approx 83p per share. If anyone has any thoughts on these figures please post. |
Posted at 26/10/2010 21:33 by hpotter Now pleased I held on. So we think about 75p at final redemption? Doesn't this make the current market price seem a bit low? |
Posted at 26/10/2010 08:44 by tara7 Well done what a share all for 9p in the header.!! |
Posted at 26/10/2010 08:40 by borchardt Half yearly report in June quoted cash resources of approx £1 million. Insurance claim will result in further inflow of £1.1 million - Total assets therefore aprox £2.1 million.Assuming wind up costs and expenses of approx 250k this would give wind up proceeds of approx £1.85 million against current market cap of £1.2 million Redemption proceeds therefore approx 83p per share. If anyone has any thoughts on these figures please post. |
Posted at 31/3/2010 13:28 by grlz "The Board have resolved to redeem, on a pro rata basis, up to 3,345,929 Participating Shares (equivalent to approximately 60 per cent of the 5,576,549 shares in issue) at a price of 63p per Participating Share, representing a redemption of approximately GBP2.1 million." does not include the £1.1m deposit, which is still subject to claim - although OPF has stressed this won't be a problem as its insurance backed. ..so 63p at the up and coming vote with 49p coming later less expenses to wind-up the fund ;) DYOR |
Posted at 04/11/2009 15:57 by grlz Jamie, I guess you're not with TDW as their still updating.... although TDW did finally get around to sending me notice of the corporate action this morning lolAdmission is tomorrow - 5,576,545 shares £3.9m NAV = circa 70p NAV Even if the share price remains the same OPF is good value given the fund is selling assets as its get closer to being wound-up....another 70p cheque in the post soon unless NH uses the cash he's just got from the redemption to takeover the fund as a new vehicle for his property ventures? Would make sense, no debt hence strong banking ties with existing discounted properties fully let producing income to covering admin costs/salaries. Plus its offshore so the tax is minimal. All imho/DYOR |
Posted at 14/8/2009 16:36 by grlz I can't believe the lag on the news and the share price reaction - its like the MMs love giving money away, hope some others here took advantage ;)Many here have known for an age this deal was dead and was in a sense confirmed by Nigel Henry's purchase of the Kaupthing c19% stake some months ago. Purchasing into OPF has been buying into a waiting game for today's news - OPF will now see £4.1m of cash returned for potential distribution to shareholders and also the material uncertainty of the £25m liability to purchase 118 units at Canon House is now removed. A quick breakdown to what OPF has left (DYOR) £4.1m Cash Deposit / Escrow from the cancelled Canon House deal £2.2m Cash in Bank £0.8m Wimbledom House, Leicester - 6 Apartments, leased yielding 4.3% £1.7m The Heart - 9 flats, leased yielding 6.2% (1 was sold 2/09 for £190k) £8.8m Rough and ready total which £6.3m is cash £4.2m MK could be further gains imho? |
Posted at 23/3/2009 16:09 by relishing They are very surprised the share price is so low relative to the NAV:"Performance The audited net asset value ('NAV') of the Fund at 30 September 2008 was £9.1 million (2007: £9.5 million). The NAV per ordinary share has reduced to 81.2p at year-end from 85.1p at 30 September 2007, largely due to the Fund exiting the Liverpool development and the write-off of attributable recognised profit. Whilst this asset value performance is reasonable against the extremely difficult economic backdrop, the Fund's share price performance has been poor. It fell 27 per cent. from 74.3p to 54.5p during the financial year (implying a widening discount of 33 per cent. to NAV per share) and since the year-end has fallen further sharply, touching a low of 8.5p before recovering and settling recently around 12.5p. Much of this recent fall appears to be as a result of one of the Fund's largest shareholders apparently willing to sell at any level to dispose of its entire holding. Given the historic low levels of liquidity in the Fund's shares, the low share price is not surprising but the discount to NAV is now stark. Shares in residential property funds are unlikely to be rated favourably in the prevailing climate and the Fund is arguably too small to generate much analysis in the market, but the Board and Manager are surprised at the size of the discount to NAV and that the introduction of an annual continuation vote at last year's annual general meeting ('AGM') has not had a more positive impact on the discount." |
Posted at 18/3/2009 11:58 by barnetpeter This is the critical part from last years results:Against these measures of asset performance it is therefore disappointing to report that the share price during the period fell 11.6% from 84.0p to 74.3p, a level around which it remains today. The fall occurred in the last 2 months of the period and the price has not moved in very little trading since the year end. Lack of liquidity in the stock remains a key driver in this widening discount. Your Board remain extremely cognisant of this problem. As I reported last year we have investigated means with which to address the issue. We were therefore pleased to report the issue of a further 20 per cent. in issued share capital to Elsina Limited, a company owned by the trustees for the Tchenguiz family and advised by the Consensus Business Group (CBG), in April last year at 95p per share. Disappointingly, and somewhat surprisingly, this had no positive impact on liquidity or the share price. Therefore, following an extensive round of shareholder meetings last November and consultation with the Manager, the Board has decided to put forward a resolution to this year's AGM to consider an amendment to the Fund's articles of association which will, if passed, introduce an annual continuation vote at each AGM with effect from 2009. Shareholders will have an opportunity each year to decide whether the Fund should continue with its present investment policy or commence an orderly realisation of the property portfolio. The Board anticipate that this measure should have a positive impact on liquidity and the share price discount over time. |
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