Prospect EP. Share Discussion Threads

[isa23] 12/6/2008 12:05

I've also bought in, though a lot less than Wolstencroft. Sold some of my Invesco Property (up 25% today) to raise cash for pejr.

[wolstencroft] 12/6/2008 11:40

Well my order is in through my broker for 50,000 at 44p or better, see if it will be filled...

[jmankey] 11/6/2008 15:42

They are investing in undervalued assets. The high rental yields indicate just how undervalued these assets are, especially in the context of Japan with its low interest rates.

[stuart14] 11/6/2008 15:35

The hold funds (REITS) so if they go down then their NAV goes down. Can only assume the selection of REITS they hold have been hit hard over the last few weeks.

[joan of arc] 11/6/2008 13:28

Can no one explain how the xd NAV goes from 46.45 on 15 May to 42.36 on 5 June, ie nearly 10% in 3 weeks, and remember the share placing should have slowed this down!

[wolstencroft] 11/6/2008 12:46

bossman




particularly

[stuart14] 11/6/2008 10:23

Well you can now buy in cheaper than the placing guys!!

[bossman1978] 10/6/2008 20:28

No idea joan, not sure wat the outlook is for this share. it is hard to find information on this share. Anyone any ideas were to get updates??

[joan of arc] 10/6/2008 19:05

Can anyone explain why their NAV seems to be collapsing so dramatically? Surely the Japanese property shares are not nosediving that fast are they?

[bossman1978] 10/6/2008 12:47

have we reached the bottom yet? It is hard to know.

[webby] 09/6/2008 14:27

Dying to buy back in but will they drop more?

[scrod] 18/5/2008 17:17

Obviously the placing does not dilute, it gives the company an opportunity to buy more REITs at severely discounted prices. It was a bit galling to see the placing price so much lower than the share price I wish I had bought more like Warre.
I am really liking the look of PEJR now with a medium/long-term view.

[bossman1978] 18/5/2008 16:32

Yes i bought some a few weeks ago. The divi sounded good. Just wasn't happy to hear that a placing could be taking place.

[scrod] 18/5/2008 15:22

Do you own any shares in PEJR, Bossman?

[bossman1978] 18/5/2008 13:18

Has anyone heard any news about this share?

[stuart14] 15/5/2008 14:16

Warre, so were you buying shares from the placing direct from Panmure? Nice work if so.

[warre] 09/5/2008 08:56

I agree Webby. The fundamentals and the numbers were not compelling when I first looked at it back in 06; I believe they are compelling now.

[scrod] 09/5/2008 08:54

Have you bought in yet Webby?
Forever the bridesmaid...

[webby] 09/5/2008 08:00

Moneyweek been plugging this share since Nov 06 when I started this thread.

[warre] 08/5/2008 19:13

On 2 May 2008 you could buy as many of these as you wanted by having your broker contact Panmures (I did). So for 44.31p per share you got a portfolio of REITS trading at an average of a 40% discount to their underlying NAV, on the face of it as a result of forced hedge fund selling, at a yield of 15% per annum with the prospect of yen appreciation against sterling of say 20% on a two year view by which time the shares should more than double to at least 100p on pretty conservative assumptions. This is before any performance fees kick in. The shares are trading up 17% over the placing price. DYOR as I did, but thank you Money Week. What more can you wish for! Do the numbers for yourself and compare them with other investments.

[pip_uk] 06/5/2008 16:37

Good looking buying today, and the share price has held up well.
The increase in the share numbers has gone down very well, and the perceived view of the fund managers is very positive.
Onward and upward I hope.
There`s the divi anyway.
Cheers.

[stuart14] 02/5/2008 07:21

I'm still looking to buy. Tips can highlight very good opps but aren't often worth following straight after they're published. If I can buy at NAV next week I will do so, the Div makes it worth it long term

[pip_uk] 02/5/2008 07:14

Scrod.
You have it in one, it`s obvious that the Money Week article was over the head of a few.It made it plain on the risks and rewards that are on offer here.
I personally bought in on reading that article and moved into the blue.
Where will you get such a return for your money, patience is the key word here.
I shall buy any dips.
Regards.

[scrod] 01/5/2008 23:46

Unbelievable. If you bought PEJR just from a mention in Money Week, without even the basics of your own research, you deserve to lose money by selling now. The company announced the basis of fund raising - information freely available. If you had read the latest quarterly report you would have sufficient information to understand the risks and the opportunity here and this latest announcement would be no surprise.
The underlying investments are seriously undervalued due to selling. PEJR want to raise more funds to take advantage of the situation.
You should take responsibility for your own decisions and research (lack of) before blaming someone else.

[wolstencroft] 01/5/2008 20:19

perhaps - is he the iilama or some strange-named trust's manager? He has been buying this for a while if so, and is likely deeply underwater.