Rugby Est It Share Discussion Threads

[purplebox] 14/2/2010 12:33

Nav is 72.0p - surely an offer at 62.0p is too low.

[topvest] 14/2/2010 11:20

Well I think that offer works for me; I will take the shares in ING Real Estate if it looks sensible. The days of this investment estate, Rugby Estates and 012 are all numbered in my opinion.

Rugby is returning capital, and has just sold its Covent Garden portfolio.

012 is controlled by Perloff and Utilico and so it is very likely that a transaction is near.

This REIT is effectively "in play" due to the large Terra Catalyst holding.

The upside on ING is that at least it returns 1p/quarter in dividends on a 50p share price.

[qwazi] 18/11/2009 09:36

60p is fine for me ;)

[qwazi] 17/11/2009 11:29

100k gone through @ 51p. No way Laxey's offer is going through.

[qwazi] 16/11/2009 10:45

It would be "barking mad" to accept bid for RUGB, says chairman


Now that's a defence I like to hear!

[topvest] 08/11/2009 11:12

I can't see many investors accepting what is on the table. To be honest, I would much rather hold onto these for a 4/5 year time frame, in which time I'm sure they would do very well under existing management. As is usual, short-term action takes over.

[qwazi] 06/11/2009 16:04

And the buyer was..... Trafalgar!

That's great news IMO, they are an activist investor and will no doubt be out to see Laxey's offer improved.

[qwazi] 05/11/2009 16:24

About to get interesting? 1.5m just crossed at 41.5p - i.e. above the offer price...

[topvest] 03/11/2009 21:03

Offer document at 41p out. I'm not accepting, but I've bought shares in Terra recently as they seem to have cards stacked in their favour.

[topvest] 20/10/2009 21:10

I would hope so. I'm surprised that Perloff sold out so low as he still made a loss on his investment in this. Anything below 50p is daylight robbery, but I can see it possibly happening. Robert Ware is Chairman of Terra and he is also the CEO of Conygar. They are getting some stellar buys!

[cerrito] 20/10/2009 17:08

I am assuming that all the sales just announced made by Perloff/Panther/Portnard/Maland effective October 13 totalling 10.32m shares were made to Laxey.
Our last report of Laxey's shareholding was 10.024m following a transaction disclosed on March 27 so one can only assume it was their purchase from Perloff which allowed them to get to their present 21.025m shareholding.
I am a tad more optimistic. Looking at the major shareholders as at March 23-and we have not been informed of any changes- shows that Merseyside Pensions, Rugby Estate, Invesco Perpetual, F and C and Pearl have between them 29.72% and they will want something better.

[cockneyrebel] 16/10/2009 19:27

yep, a tad more imo but can't see a counter bid.

CR

[cerrito] 15/10/2009 23:45

Good to see the board showing some backbone but qwazi I think you are right it will be just a few more p

[affc21] 14/10/2009 21:05

Have moved on (moved my cash from here into KEIF), but wish all RUGB holders good fortune for the future.
With Thanks to qwazi for highlighting this on the CP+ board, I've gained a nice profit - I owe you a drink or two.

[cockneyrebel] 13/10/2009 15:24

looks like they have just been stolen from us - Terra have too many shares to be beat off I suspect.

Ah well, made a decent profit here if I have to suck it.

CR

[cerrito] 13/10/2009 15:03

Not happy with 41p but not sure where another bidder will come from
recognize with June 30 NAV at 60p a great deal for them
be interesting to see what the directors say

[chester] 09/10/2009 10:19

Starting to flicker today, very close to a nice breakout.

[ronwilkes123] 24/9/2009 10:12

you still in here CR

[ronwilkes123] 23/9/2009 20:25

quiet day, nice to see it hold its level, when some of its peers have fallen

[qwazi] 22/9/2009 08:45

Ticking up again early doors. There's a L2 bid @ 40.5p so I expect to see further strength today.

[cockneyrebel] 21/9/2009 14:17

Agree - up a tad more today.

I dare say assets are not the first target on an average retail investor's target when looking for a bargain so they may have missed this one but I feel pretty confident the buyers will show up in a shoal at some point.

CR