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QED Quadrise Plc

1.49
0.0375 (2.58%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quadrise Plc LSE:QED London Ordinary Share GB00B11DDB67 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0375 2.58% 1.49 1.435 1.545 1.52 1.435 1.50 7,414,909 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -3.09M -0.0021 -7.14 22.42M
Quadrise Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker QED. The last closing price for Quadrise was 1.45p. Over the last year, Quadrise shares have traded in a share price range of 0.66p to 3.30p.

Quadrise currently has 1,494,904,968 shares in issue. The market capitalisation of Quadrise is £22.42 million. Quadrise has a price to earnings ratio (PE ratio) of -7.14.

Quadrise Share Discussion Threads

Showing 7176 to 7200 of 11150 messages
Chat Pages: Latest  290  289  288  287  286  285  284  283  282  281  280  279  Older
DateSubjectAuthorDiscuss
29/7/2015
09:21
Whether I bought this as a puppy, as a flea ridden stray or as a Crufts prize poodle if I still happen to be the rightful owner having provided my capital as pet food for the last six years I now deserve a chance to get a fair return on my investment. It is the same whether I bought last decade or last Tuesday. I am the owner and directors are employed to obtain a fair price and act in good faith for the shareholders.

Look at the NAV in the last seven years

2009...121
2010...120
2011...116
2012...110
2013...104
2014...115
2015...122

The offer to shareholders is £1.31 at a point where the NAV is now increasing steadily and debt is at record low levels. Why do we need to sell ? With Wembley delivering on plan the NAV would be at £1.50 within two years and a steady income with which to pay a dividend too

davidosh
29/7/2015
09:16
Don't you worry this dog has come good for me... I've been holding from 40p...
Its a matter of squezzing the dog one last time!

shaf200
29/7/2015
08:50
You've stuck with this dog, now you want compensating. That' not what this is about. This is an offer. An offer for a dog.
jl9
29/7/2015
08:01
At 131 its a steal. Happy to let them go at 2.50.
shaf200
29/7/2015
08:00
Totally agree with you Davidosh, this price is scandalous. Unbelievable!!
maddox
29/7/2015
08:00
Major Shareholders Information - as per Quintain website this morning


Shareholder Name,Amount,% Holding


Norges Bank 46,089,481 8.76 %
Standard Life Investments 36,650,340 6.97
AXA Investment Managers SA 27,473,157 5.22
APG Asset Management N.V. 27,224,112 5.17
Morgan Stanley Invs Mgmt Ltd 26,377,835 5.01
Caledonia Investments PLC 26,300,036 5.00
BlackRock Inc 26,060,682 4.95
Third Avenue Management LLC 20,117,773 3.82
Legal & General Group PLC 15,933,832 3.03


According to the above, The Major Shareholders account for some 48% of the o/s share base of QED.

It would not surprise me if collectively, the Major Shareholders don't send Quintain management a collective message that they want/demand more and that the offer SIGNIFICANTLY UNDERVALUES the future prospects and value of the Quintain Estate.


ALL IMO. DYOR.
QP

quepassa
29/7/2015
07:57
There are no major shareholders on board with the bidder yet as far as I can see.The only irrevocable acceptances declared are the directors with their measly 0.3%.
All to play for still ! I'm certainly not selling my shares even though I could get 131p in the market as I write this.If this wasn't already my largest holding I'd be thinking of buying more.

maiken
29/7/2015
07:55
please see news in header 131p
jaws6
29/7/2015
07:52
Whats the take over price? Thanks
shaf200
29/7/2015
07:41
There is no effective premium being offered at this price.
Hopefully institutions will consider that London property is better than cash that would have to be re-invested.

inki
29/7/2015
07:40
david
Agree .

jaws6
29/7/2015
07:31
That is a shockingly poor price for shareholders who have been in the company for years and had no dividend and patiently awaiting an appreciation above NAV after all those years.

In the meantime whilst shareholders had zero income via divis the directors have been paid fortunes for selling off all the assets to pay off the historic debt burden !! No doubt the directors will ensure they get a nice handsome reward for setting this deal up too?

Just out of interest after all these years and positive outlook on Wembley with gearing down to low levels why would patient shareholders want to give up now at a price just a few pence over last reported NAV ? This price is way below the predicted returns on development values over the next three years with outlook for Wembley exceptionally bouyant and not even at a price set as the target by the house broker in their last note ?

This was just three weeks ago....

Liberum Capital today issue a broker note and REITERATE their BUY reco. on QED with a maintained PRICE TARGET of 135p.


In my view any offer should have been around £1.50 to give shareholders fair reward for patience and to be anywhere near the returns of my other property company investments over the last three years. The share price has actually been flat over the last 18 months and no dividend remember. So share price returns are everything here.

davidosh
29/7/2015
07:23
Plenty of selling. Investors worried the offer might fail?
alan@bj
29/7/2015
07:11
I might add that,as I recall, at the last results QED were talking optimistically about getting an extra 25-30% of units at Wembley via an enhanced planning permission.Seems the bidders will be getting that upside for free at the current price.
The more I think about this the more it feels like shareholders are being shoved aside.I really hope another bidder steps in or the bid is rejected.

maiken
29/7/2015
07:09
Well, it will be interesting to see if this recommended offer flushes out any further bid at a higher price.

I fully agree that that possibility can neither be ignored nor ruled out.

London property is in hot, hot demand.

To see the whole Wembley/Quintain caboodle being sold at this proposed price is underwhelming.


ALL IMO. DYOR.
QP

quepassa
29/7/2015
07:04
Lets hope so. At that price, if MJ accepts then it won't be in the interest of shareholders he is accepting.
winsome147
29/7/2015
07:01
I agree winsome.QED is by far my largest holding and on anything other than a very short term perspective at this price I think I will be better off if QED remains independent.FWIW my initial view is that I will vote no.
I also wonder if a rival bidder will emerge.Such a lowball offer leaves them exposed.

maiken
29/7/2015
06:48
That is cheap! We support them through the precompletion stage only for someone to jump in and buy them up at less than 2016 NAV.

I'm guessing Maxwell will remain on the board and continue to run the company with a handsome uplift in salary and bonus.

150p would have been fairer. Vote no!

winsome147
29/7/2015
06:47
Private Equity.

This is the USA based private equity firm which has launched the recommended takeover for Quintain:-



As a recommended Cash Offer with a decent enough premium and no apparent Competition conflicts and with firm financing in place, this is to all intents and purposes a done deal.

ALL IMO. DYOR.
QP

quepassa
29/7/2015
06:42
Maybe... I fully expected us to get well past 131p in coming years with an increasing completion rate. I fear Lone Star are getting a bit of a bargain.
cszjrh2
29/7/2015
06:11
131p bid - a very nice surprise!
alan@bj
03/7/2015
12:12
Liberum Capital today issue a broker note and REITERATE their BUY reco. on QED with a maintained PRICE TARGET of 135p.

ALL IMO. DYOR.
QP

quepassa
01/7/2015
07:47
Phenomenal results from peer comparator and regeneration specialist St Modwen for 6 months to 31/5/15:-

Financial Highlights
•306% increase in profit before all tax to £203.1m (H1 2014: £50.0m)
•21% increase in NAV per share to 394p (Nov 2014: 325p) and EPRA NAV per share up 25% to 427p (Nov 2014: 342p)
•Earnings per share up 281% to 75.4p (H1 2014: 19.8p)
•Initial recognition of New Covent Garden Market (NCGM) contributes £128.0m to net valuation increase of £170.2m (H1 2014: £33.7m)
•Realised property profits of £41.3m (H1 2014: £19.1m)
•30% increase in interim dividend to 1.9p per share (2014: 1.463p per share)



The words from Bill Oliver St. Modwen CEO make encouraging reading and point to a very positive and supportive market back-drop:-



"These record-breaking results are underpinned by the growth in the UK property sector and are testament to our continued belief in the regional marketplace and our long-term approach to regeneration as a whole. They are positively supported by our three major projects reaching significant milestones in the period. Most notably the New Covent Garden Market site in Nine Elms, London reached unconditional status in April.

"We continue to increase our levels of both residential and commercial development and to add further value to our major projects and our broader £1.5bn property portfolio, delivering maximum returns for the business and for our shareholders."



In my view, the discount to NAV of the Quintain share price makes the share look
very good value against a strong London market and great demand for new-build and main-market housing/apartments.

ALL IMO> DYOR.
QP

quepassa
18/6/2015
21:07
The Company's Annual General Meeting will be held at 11.00 am on Monday, 20 July 2015 at the Hilton London Wembley Hotel, Lakeside Way, Wembley HA9 0BU.

Well they certainly listened and are starting at the more sensible time of 11am but will more shareholders turn up? How many of you are planning on coming ? There were just three shareholders there last year from memory.

davidosh
18/6/2015
14:06
Barclays today REITERATES its OVERWEIGHT recommendation on Quintain and RECONFIRMS its PRICE TARGET of 138p.


This inicates that Braclays see more than 30% UPSIDE to current share price.

ALL IMO. DYOR.
QP

quepassa
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