||EPS - Basic
||Market Cap (m)
Poland Inv. Share Discussion Threads
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|Obviously the PIF management woke up to the fact that there is nothing worth buying in Poland anymore, so needed to expand their horizons. Subsequently, an investment in '3 Point' a UK pharma packaging firm. Well, i suppose it fits into their diversified 'Euro' portfolio now.
Will be monitoring these more with possible extra buying for my portfolio.|
|Does anybody know what investments PIF are making??|
|Guys get into ADL before results come out tomorrow or Friday! WHY? well because the price was sitting at 1.25p for some time before suddenly jumping to 2.125p at the end of last week. Today the MM's were willingly to take up to 150k shares off your hands at 2p - what does that tell you?? - they need shares urgently at this level because the're anticipating a sharp rise in the SP!!
Only 28 million shares on issue and a lot of those are tightly held. Expect a SHARP RISE over the next few days. DYOR etc.|
|Are they taking the PIF ?|
|If it involves Stephen Dean then that's enough info you need. Look at Artisan (ART) for more info.|
|How can you research this stock? i'm trying to at the moment? i can't find anything?|
|I would do a bit of research on directors first if I were you guys ;)|
|Correct. £400k raised through a placing at 3p. Cant get very excited about this one but then again Poland is one of the better new EU entrants. SM|
|Just been looking at this particular newbie with a view to having a dip next week. Am I right that their main field/sector of investment is in Polish engineering and industrials?
|Is Unite positioning itself for PIFs? Mar04:
A trio of directors have bought shares in student and key worker accommodation specialist Unite Group after yesterday's results and the strategically significant appointment to the board of a specialist in real estate investment trusts.
At the beginning of this month Unite appointed a new non-executive director who could end up having a crucial influence on the company's strategy. Stuart Beevor has vast experience in the property industry and is group fund management director of international property group Grosvenor Group. He is also a representative of the Investment Property Forum but most importantly he is a member of the Royal Institution of Chartered Surveyors UK Real Estate Investment Trust (REITs) industry working group.
As such Beevor has a vital insight and great deal of knowledge of an area many property companies are eyeing up ahead of the likely arrival of REITs or 'Property Investment Funds' some time next year. As a result many property companies are expected to change their status to REITs for the tax benefits. As a result in recent months the discounts to net assets at many mainstream property companies have narrowed dramatically as investors jostle for a piece of the action.
There has been no official word from Unite and it may be that Beevor has simply been brought in for his general property expertise. Nevertheless Unite is well positioned for further growth and should break into the black in the not too distant future. Yesterday Citywire recommended it as a buy on a long term view.
|Stockmarket veteran Nils Taube and his colleague of 22 years John Hodson, views on PIFs, from citywire Aug04:
Recently Hodson has been buying companies that are rich in property assets, such as British Land (BLND), Pillar Property (PLL) and Quintain Estates & Development (QED). They also have a large holding in Sainsbury in the belief that it trades at a discount to the value of its massive property portfolio, which was last valued in 1972.
Hodson and Taube are also excited about the prospective introduction of real estate investment trusts (Reits) into the UK. Details of the precise structure of Reits are not yet available but Hodson told Citywire he knows some of the people who have been advising chancellor Gordon Brown and believes he will be led in the right direction. 'It should work, as long as Gordon Brown isn't too greedy,' Hodson said.
|Aberdeen Property Fund likely to benefit from PIFs- extracts from Jun04 citywire articles:
Real Estate Investment Trusts (REITs) are the other factor that will drive the sector higher, according to Ross.
He added: 'Whether REITs are introduced will depend on the current consultation by government and how onerous its restrictions are.
'But REITs will generate an attractive lump sum for government through a conversion tax and this is a clear incentive for the administration to make this work.'
"...Alex Ross, who runs Aberdeen's £107m Property Share fund. He produced returns of 49.9% over the year and, like virtually all his peers, generated the strongest quarterly return in the April-June period last year.
Ross says that an increase in consolidation was a boon for the sector over the past 18 months as it helped to highlight valuation gaps: 'Shares in the sector have been trading at a discount to net asset value and, by March 2003, we saw some discounts stretched to 40%.
'However, the pick-up in economic confidence has filtered through and investors are now starting to look at a recovery in the office rental market, which has been weak for the past three years,' he says.
Ross expects a recovery in this sub-sector towards the end of 2005 and is using share price weakness as an opportunity to increase exposure.
The advent of real estate investment trusts (REITs) or property investment funds (PIFs) has also quickened interest and Ross believes they will help to iron out discounts in the sector.
He says: 'When REITs were introduced in the US, Australia and France, they certainly helped narrow valuation gaps. The long-term average in the UK has been in the 15-20% range.'|
|A consultation paper on how the proposed Real Estate Investment Trusts (REIT) might work was recently released by the Treasury.
The proposals are part of the government's strategy to increase residential house building to address the current shortage identified in the Barker Report.
The consultation paper suggests that the solution might be to construct an investment trust that would pay no corporation tax but would be required to distribute a high level of income. Tax would be paid by the individual rather than the trust and the trust's shares would be quoted on the stock exchange like any other investment trust.
As property is an illiquid asset, the consultation paper suggests that a closed end fund would be more appropriate than an open-ended unit trust type structure. The paper envisages that all types of property commercial, industrial as well as residential homes would be eligible to be held within a REIT, although the emphasis is on the trust holding newly developed property.
This makes sense since if large amounts of money were suddenly poured into the existing property market through the introduction of REITS or something similar, this would have the effect of pushing up prices.
The government is also keen to find new sources of finance for housing associations and social housing which REITs could provide. The document concludes: 'the government believes there is great potential to increase corporate and institutional investment through PIF (Property Investment Funds) in order to raise standards in the rented sectors, and provide an alternative to the highly geared buy-to-let market. It is also keen for a PIF to stimulate greater development activity in the residential property market providing a vehicle into which new properties can be converted and managed more efficiently.'
|See http://securityresponse.symantec.com/avcenter/venc/data/trojan.download.berbew.html for details of this virus.|
|I have just received an unsolicited email [nothing new!] with the title
Re: Your E-Loan Refinance Application
The odd thing is it has a .PIF file attached. And of course a .PIF is a wrapper for a Windows (or sometimes DOS) Executable. I looked at it (under Linux) and it looks fishy. I would not click the attachment under Windows.
If this is what I think it may be it could be a worm that emails itself to further victims and performs unspecified possible other actions to your computer.
You have been warned ...|
|Kayak - thanks for the above info. I also got the "Wells Fargo" version of the trojan horse in question.
Just as well I run my email under Linux ...|
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