SA Property Opps Share Discussion Threads

[jambo172] 04/10/2010 09:43

Good news.
Let's see some action.

[badtime] 20/9/2010 19:16

Nice to c some movement..sed the constipated man..lol

[badtime] 17/9/2010 21:09

Hmm..1 million dumped today ..no change on the bid..cant c MM's holding tht sum without a buyer lined up

[badtime] 31/8/2010 20:27

lol..agreed

[kiwi2007] 31/8/2010 09:54

Always good to get in before the crowd arrives :o)

[badtime] 31/8/2010 09:24

OO.anthr poster :)

[kiwi2007] 31/8/2010 08:56

Shareholders oust management and sell assets - return money to shareholders - probable 30% p.a. return.

There are few property companies that have
delivered asset value growth over the last
three years. Those that have been almost
exclusively exposed to emerging markets
and have been rewarded for this excellent
outperformance with a substantial share
price falls. Developed market property, long
perceived as being safer, have experienced
substantial asset value falls and share price
outperformance. This is quite perverse.
However, this does present opportunities for
investors that can take advantage of these
anomalies.

We have built up a position in
South African Property Opportunities
alongside a number of like minded investors
at discounts in excess of 60%.
Shareholders have forced change on the fund
over the last year with the original directors
being removed, the managers changed and a
strategic review implemented. The result of
this review was announced last month and
provides further clarity for the future of the
fund. The portfolio has been divided into two
with part to be realised in an orderly fashion
over the next two years and the remainder
being retained for further additional
development prior to disposal over the next
three years.


These sales will allow for a phased return of
capital to investors. The method of return -
share buy backs, cash distributions or
tenders - have yet to be decided. Assuming
it takes the full three years to complete and
only realising the current asset value, this
would generate a 30% per annum return
using the current share price. To date, there
has been a modest discount narrowing which
should accelerate.

[badtime] 28/1/2010 22:44

hmm..someone has 22% now

[badtime] 25/8/2009 21:52

Interesting.....egm requested...someone isent very happy with the way things r progressing...gd stuff

[badtime] 23/7/2009 20:31

hmm....interesting update..wonder if ther wil b any shift in share price tomorrow

[badtime] 26/3/2009 18:09

nibbled on a few at 70..nice to c the spread narrow a tad

[badtime] 03/3/2009 21:45

anyone hold?