||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Panther Securities Share Discussion Threads
Showing 126 to 149 of 150 messages
|i saw they bought a property from palace capital
the property appears to be vacant and the cost was £200k|
that is mainly due to the high costs of borrowing and losses on the interest rate hedge
will the agreed refinancing deal reduce costs or not
no clear info so we have to presume not
clearly the building land in birmingham is worth a fair few quid and will hopefully lead to another special dividend in the next year or so|
|Read the Annual Report. Always an interesting read.
Overall though Panther has performed quite poorly over the last 10 years. He's been caught in too may value traps for my liking... Beale being the obvious example of a company looking a good bet for insolvency, but with the prospect of some reasonable assets. Panther and Perloff himself seem to have paid the price on Beale - no doubt, we will make a gain overall, but I'm not sure its been a great move.|
|Go on, you know you want to! With asset values, ASBOs, and anti EU arguments...
|AP is a canny old soul and trousered Beale assets that produces a fair yield. It's a long term hold but just appreciate the entertainment you get from AP and no doubt his future campaign to exit the EU...|
|TTHE BEALE PUCHASE LOOKS AN INTERESTING ONE PAYING 4.5M TO GET 650K OF INCOME
LOSING 200K FROM STORES DOS PUT A BIT OF A DAMPNER ON IT BUT IS EQUAL TO PAYING 4.5 FOR 450K OF INCOME SO 10% INITIAL YIELD.
85K POSSIBLE EXTRA RENTAL INCOME FROM THAT ASSET PLUS RENTING OUT THE SPACE
INTERSTING AS WILL BE THE TERMS OF NEW FINANCING AGREEMENTS
HOW MUCH WILL IT COST TO LOWER THE INTEREST RATES IE BANK FEES
THE BIRMINGHAM ASSET HAS TO BE WORTH A FEW BOB TOO|
|Yes, agreed. Think this was all part of the asset stripping plan, albeit not sure why he ever took equity and preference shares in Beales as it was always going to end this way.|
|The Beales CVA presents an interesting situation with Beales effectively owned by Perloff and Panther seeing a reduction in rent. I suppose that he knows what he's doing and Panther will do OK from this, but ....?|
|About same age as me, then.|
|He's only 71 so he could go on for at least another 10 years before he retires. Property doesn't have to be too hard work! Hope he goes on for many years.|
|I was looking to invest here and looked back at his RNSs from 2007 onwards. He did amazingly well through the GFC and his only moan was the value of the loan swap, which I see still figures.
Every time I wanted to buy, I was quoted a ridiculous spread (on the phone, not online!) for a derisory number of shares: 225 last time I asked. Maybe there will be the chance sometime, but the othe possibility is that the magic will die when he goes.|
|Yes, he's great. Always brightens up your evening when you have an amusing rambling to read.
Have you seen their head-office....very frugal.
He likes a bargain!|
I can confirm Andrew Perloff never fails to add a set of ramblings to his RNS. You may not agree with all of them but they are always amusing and thought provoking.
I hate to admit it but in a way they are why I invested here.|
|It's in character! Though I sense his ramblings are getting longer and longer.|
|What a bizarre RNS|
|I agree that Andrew Perloff is an interesting read , which I always enjoy.
I would have liked to see a note about what his strategy is in tripling the Interim Dividend.It is hard to see a reason for it although it is giving us 6p a share extra cash six months early .
At the risk of being accused of counting the teeth of the "gift horse" , it would be good to know what it is all about.
1) We may get another 9P final - great but prob not?
2) We will get a 3p final and never find out? good chance
3) We get a 4P final and still none the wiser.
4) They flog off some of the recent buys and make a special distribution - sent by the tooth fairy. Not sure who would want the old Co-op stores as they are.
5) Andrew Perloff needed some extra cash after buying Beale PLC so trebled the divi|
|I imagine the 9p interim and 3p final is simply tax avoidance on the new dividend tax regime from April 2016. Less strategy, more tactics.
I doubt we've seen the endgame on Beale, a skilled asset strip in progress.
Hope to see the silly mark-to-market on the derivative disappear from the balance sheet over the next few years as interest rates rise and term shortens.
|Yes . Have to agree this is probably the time to sell some of the properties bought in the 3/5 year ago spree when prices were much lower.
I wonder what the strategy is behind the tripling of the Interim dividend? Can it be a precursor to a sale? I don't see the scope for much of an increase above 3P in the promised final dividend unless there are going to be some biggish disposals in the next few months.
I 've been round a few Beales stores recently and don't see much of a change , so it looks like we will see a steady rate of closures and redevelopments from there in future years. Panther no longer hold any Beale shares but stand to lose rental income if Beales get into more trouble.
Anyway the increased dividend has given the shares a welcome boost.
|Think he likes running a PLC and I trust him to do the right thing as he has enough money. If he took it private, he would have no audience for his highly amusing ramblings that we all enjoy (excluding any left wing holders no doubt)! Just think it's time in the cycle that we started getting some good news here. No good news, means he must have lost some of his touch in recent years as now is the time for big profits in the real estate sector particularly when the investments were made a few years back.|
|see web site for properties under offer
surprised he has never taken it private|
|couple of properties under offer might have been the news
not going with common sense on interest rates causes this to be poorly performing because of high interest charges eat away at rental income
selling off assets will with residential planning permission will help profits but more slowly than rest of the sector
a couple of big deals could change things
less expenses will help
worth holding for chairmans rambling in reports!!!!!|
|Thanks anyway. Hoping that the wider regional property recovery will finally impact the Panther tertiary portfolio. To be honest, Perloff has had a very very disappointing 5 years. You almost wonder whether he has lost his touch a bit, through digging deaper holes on Beales and other distressed assets. Lets hope we get some meaningful good news in 2015.|
|What a 2000 share buy can do!
Shares are marked up 15P after a £7000 splurge in Panther shares.
Maybe we have found the magic formula to get the price moving up.
Or maybe not?|