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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Queen's Wk | LSE:QWIL | London | Ordinary Share | GB00B0HW5366 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.99 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
11/3/2010 10:03 | Presentation on the website is illuminating. Company now actually has net cash of circa 4m on the balance sheet. It is amortizing around 2.5m a quarter from the portfolio. They need to start to put the proceeds to work. Reducing Portuguese exposure will help alleviate market fears about credit risk. Hopefully they will kick off a share buyback soon. Highly accretive to both EPS and NAV around current levels. | nickcduk | |
11/3/2010 09:32 | this company has shown prudent provisioning for the last couple of years now and provision levels are well above current default levels. a 36% discount to NAV is too sharp and should narrow as the market looks through the cycle to NAV upgrades. Of course a 14% yield is almost unique in this market | pregonda | |
11/3/2010 08:16 | Yes default figures def look worrying. Market obviously knew in advance - again. Hope conference call can allay some fears. ADVFN chart already showing a fall in Sp - 2nd sight? | eeza | |
11/3/2010 08:12 | Have to admit I was a little disappointed with today's results. Obviously didn't see those higher defaults in the Italian and SME portfolio coming. On the positive side the Portuguese took back their loan which reduces our exposure and we are rapidly heading towards a debt free balance sheet. Reduced cash flow going forward is as a result of Portuguese taking back their loan. Discount to NAV is way too harsh and the yield on offer of 14.5% can't be bettered by many. Conference call will give a bit more meat to proceedings. | nickcduk | |
10/3/2010 16:19 | Nice pre-results action. Hopefully bodes well. Can't imagine a huge amount has changed since their last bullish update a few weeks ago. | nickcduk | |
09/3/2010 10:55 | Is there some relevance to QWIL?? | eeza | |
09/3/2010 10:29 | wrong thread | davebowler | |
08/3/2010 18:40 | Results on Thursday. Hoping that will be the trigger for a re-rating here. Default rates have stabilised and are improving in some markets. NAV should hopefully rise. Dividend should be maintained. Cerrito - They are reducing the debt as rapidly as possible and ahead of the revised schedule they agreed with the banks. Once debt free I think they will lay out a revised strategy. I wouldn't mind them putting surplus cashflow into share buybacks and then raising the dividend rapidly. | nickcduk | |
05/2/2010 11:39 | thanks Cerrito. | holts | |
05/2/2010 11:36 | Holts yes but sometimes wider Read the IMS which as they flag is for regulatory reasons and so has not much new Not quite sure why they are paying down debt so fast and have only E8.6m be good to explore at the next conference call My calculations show that quarterly dividend costs are about E2.24m ie less than half predicted quarterly cash flows Portugal an issue as you say nickduk...good info on page 12 of the presentation for the quarter ending June 2009 interested in the comment there that in the period end 2003 to mid 2009houses prices fell by 1%... would have thought they would have increased...we can take comfort from the fact that so few loans post 2003..be good to explore at next conference call exactly what is going on with BCP. | cerrito | |
05/2/2010 11:21 | selftrade quoting 189.07 - 196.52 , is that the usual type of spread ? | holts | |
04/2/2010 17:27 | I took another 4000 also. | eeza | |
04/2/2010 13:13 | Back in for some today. A few nervy sellers worried about Portuguese exposure but not that bothered myself. Happy to really load up on any spikes lower. | nickcduk | |
21/12/2009 14:03 | Last para is interesting albeit talking about U.S. MBS /secured loans | davebowler | |
08/12/2009 10:30 | and if you hold by close of play today, another divi... | timanglin | |
08/12/2009 10:23 | Interesting article on European RMBS | davebowler | |
25/11/2009 08:23 | Happy enough with today's results. They are over provisioning at present makes the numbers look even better. Seem to be doing a sterling job in recovering sums from the UK portfolio. Opportunities for new investments seem to be plentiful. Moving in CMBS is an excellent move. Only wish they had done it earlier as there is a lot of potential for recovery in that sector. Conference call should be fun. | nickcduk | |
24/11/2009 20:44 | News due tomorrow! Perhaps a few comments about the Portuguese portfolio - there should also have been reasonable cash generation. Have they been making modest investments? We will soon find out. | flying pig | |
10/11/2009 15:22 | I guess recent strength has come about because of PRD having a very good run. Metrics still much more favourable for QWIL and would expect the performance gap to narrow. Next trading statement should have a positive NAV growth. Should help us along. | nickcduk | |
12/10/2009 22:29 | Indeed, Nickcduk. TBMS seems indeed to have been absent as far as I can tell from observing L2. But we shouldn't count chickens....... ; he/she may be back soon from a well-deserved holiday or perhaps he/she sees bigger take-outs available at higher prices soon in the market. Still, I am slightly surprised at the recent take-off speed. Only makes you wonder what will happen if indeed serious NAV uplifts could materialise ( the FT I think just reported how AAA CLOs had strenghened dramatically recently with JPMorganChase a persistent big buyer in the USA ofcourse) or even that dividend is moved up towards what it was not all that long ago. Then the EURO is strenghtening too and there remains less mortgage misery and leveraging in Euro-land. As long as we will not get anymore credit meltdown at least.... Best wishes to all patient holders . Enjoy your fat divi cheques soon to land on the proverbial or real doormat. | zastas | |
12/10/2009 17:22 | Nice breakout for QWIL. Our long term seller who had been depressing the price has scarpered. They had one of the market makers constantly absorbing buys. Now the market makers want to be pretty far away from the offer. Yield now around 12.75%. Should be plenty more upside yet. Next set of results should hopefully show a higher NAV as a result of lower default and discount rates being used. That will hopefully be the trigger for the next sharp move higher. | nickcduk | |
12/10/2009 10:13 | nickcduk I am not a chartist but if you line up the highs since January this year it takes us to 3.00 euros. | sommet2 | |
12/10/2009 09:19 | Look primed to breakout to new highs soon. Seems to be a chase for yield at the moment. Bonds have performed exceptionally well this year and huge amounts of money continue to flow in that direction. Qwil still looks like an anomaly when it offers a 13%+ yield. Should be trading at below a 10% yield imho. That equates to at least 3.20 Euros. | nickcduk | |
09/10/2009 09:54 | I am setting this up as a possible site for LLPF NWBD CPBA CPBB NABA etc contributors Look under epic code PIBS | davebowler | |
24/9/2009 18:34 | I've just released some funds to do the same, Nick. May be there tomorrow at this rate. | eeza |
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