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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| M&L Property | PHU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 23.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 23.50 | 23.50 |
| Top Posts |
|---|
Posted at 19/11/2017 14:47 by smithie6 soI see a nice little case of fraud near the end of the days of PHU being listed with properties apparently being sold and the money pocketted by others, not the company !! interesting !! AIM, what an absolute fu#&@#ing disagrace legal corruption and theft |
Posted at 03/9/2014 08:56 by smithie6 Can Mark Shepheard just operate PHU for ever for his own benefit ??so that shareholders do not get the income ? and perhaps can also not wind up the co. either since MS can perhaps block that with his votes ?? ..."if" so...then the rules must be changed....since clearly immoral and it breaks the objectives STATED in the IPO doc......which is what people relied on as true before putting their money in... |
Posted at 20/8/2014 19:26 by smithie6 35% charge to collect the rental income....novel !! 35% !! (typical rental property manager fee is 7-12% in Eastern Europe where the properties are) maybe someone should wander down to a police station..... since it looks to me like an on-going theft is going on ! and Mark Sheppard and Midas Investment appear to be a large part of it ---- 35% I would be willing to do it for 25% !!...saving PHU loads ! for 25% half the world would be willing to do it ! |
Posted at 17/2/2013 18:40 by markt Any interest in forming an action group to take action against the bod and especially Mr Sheppard ?for subjects such as - not complying with the principle of the IPO....ie. to pay a dividend - Sheppard and/or his companies taking all the income via exorbitant costs so that shareholders get no dividend - investigate the valuations given in the IPO, imo they are false, inflated. They can be compared with actual property transaction prices recorded in the registry office. rent roll of EUR 816,012 at 31 December 2011 .....but Mark Sheppard and his companies (such as Midas Investment) manage to consume that....so not able to pay any dividend ! To collect the rent and do local management....appear if the IPO document had said that of 816k income....it would all be consumed by Mark Sheppard et al ....and that none would get as far as shareholders..... NO ONE WOULD HAVE SUBSCRIBED. ie. the IPO doc. did NOT give a "true and fair" representation of the investment imo the IPO was a con. ILLEGAL. Mark Sheppard is laughing all the way to the bank. investors taken for a ride. ....shareholders have put up the cash....but the only person to benefit appears to be Mark Sheppard and his companies that manage the company and the assets... Honourable ? imho....no. |
Posted at 29/1/2013 15:01 by zampase16 A dividend was paid in 2007, 2008 and 2009. After that the credit crisis kicked in.Sheppard has about 35% of the shares so surely he carries 35% of the risk? BUT Europe is a mess and that part of Europe is even worse so your direction is agreed.Why bother investing in any small caps anywhere.they are all the same. |
Posted at 21/1/2013 15:21 by markt a similar case at many property companies I think....over at OCH the dirs. put forward EGM resolutions to transfer most of the company to themselves.....in return for their massive salaries...and bonuses... bonuses earned/claimed....wh What does the FSA do ? Nothing of course. Shareholder action group formed.....and hopefully going to submit papers to the winding up hearing in Cayman Islands highlighting the possibly illegal actions by the directors..... imo UK markets are in practice unregulated. so...if you invest in companies listed in the UK you need to be ready to take legal action in the Cayman Islands....since the FSA or LSE or UK police wont do anything to help you. ---- anyway, personally I will never invest in anything connected to Mark Sheppard, Midas or any of the PHU directors....or the OCH directors.....or.... |
Posted at 21/1/2013 15:17 by markt I wonder if the FSA investigation intoMark Sheppard (of Midas Investment Management Limited, the Company's Asset Manager) and PHU and including intentionally breaking its IPO conditions/promises. (IPO document stated expected dividend yield....while in practice Mark Sheppard has managed to divert all the income to be consumed by excessive charges by Midas....so that shareholders have put up the cash to buy the assets that create the income....but the income goes to Mark Sheppard and Midas, and related parties.) You can see that shareholders are not happy.....with mention in RNS that some shareholders are pressing the bod to reduce costs.... will be resolved before Mark Sheppard manages to get PHU de-listed......once it is de-listed I assume that any FSA interest in checking if the IPO was illegal ....will wain... yet again, investors take risk, get shafted and lose money....while directors or directors vehicles make money and take no risk. London Markets, corrupt imo. |
Posted at 24/12/2007 12:31 by metaphysicalman Thanks for your views p0lzeath.Why do you think fraud is more likely here than any other company? And why are management and their costs any more uncontrollable than in any other company? PHU were cash positive at 30 June with no loans and had no loan costs. New loan facility will only be drawn down when acquisitions are to be made, on which, unless they are complete idiots, rental income should exceed interest costs (borrowing at euribor +1.6% so approx 6.3%, vs gross rental yield 8.5% average). So why do you think the rental income is insufficient to cover loan costs? Regarding the dividend, you may be right, but I'm investing for capital growth not income so doesn't bother me. Re capital appreciation, that's the key question, that's the gamble, and you may well be right - but so might I be. Regards MetaphysicalMan |
Posted at 02/12/2007 23:58 by slapdash That is what annoys me..... I think overheads for the small amount of money raised mean that it is difficult to pay a dividend... yes they did one in the first year but that was out of capital gains from buying flats and then selling them on and not out of continual rental income as it should be... why the hell losses at the half year stage... what are they doing over there to rack up such apparently high management fees????Look at DDC which is, as I understand paying dividends out of income... that yields in theory 10% so perhaps it is the better one to go for???? We shall see.... slapper |
Posted at 29/11/2007 19:00 by p0lzeath I have a brilliant handle on Bp property. Don't trust the 20% pa increase stats as it's rubbish. Look at the real estate info on the sites I named. Inflation is 7% and property is just about keeping up with that in Bp.Thought long and hard about PHU, had a big position in it earlier this year for the divi but was glad after thinking twice to get out breakeven. Has fallen since. You're better off looking at HSTN or DDC on their lows (now, actually, don't hold either myself) or wait for PHU to look silly cheap, low 30s coming up. If you want to make money on Hungarian property and can wait 5-10 years, you should go out there and buy some village plots or 'weekend houses' in the outlying villages about 30 mins from Budapest. Still cheap as chips. Orbital motorway being built near to one very nice bit. |
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