|SA Property Opportunities
||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
|SA Property Opps Daily Update: SA Property Opportunities is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker SAPO. The last closing price for SA Property Opps was 6.50p.|
SA Property Opportunities has a 4 week average price of 6.50p and a 12 week average price of 6.50p.
The 1 year high share price is 10p while the 1 year low share price is currently 5p.
There are currently 62,292,810 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of SA Property Opportunities is £4,049,032.65.
|praipus: No mention of share price discount to NAV.
Have you ever seen this in an annual report?
"Executive Directors' fees
The Executive Directors received annual basic salaries of (see annual report), increased to (see annual report) with effect from 1 October 2009.
Pursuant to the terms of their respective service agreements, Craig McMurray and John Chapman are entitled to incentive
payments of, respectively, 1.5 per cent. and 0.5 per cent. of (a) all sums distributed to shareholders, and (b) all net proceeds of
disposals which have not yet been distributed at the time of termination of their respective agreements. The agreements also
contain change of control provisions which, from the fourth anniversary of each executive's appointment, trigger payments of the
same percentages of any offer price if the Company is acquired. The fees due under the change of control provision are scaled
back by 25 per cent. each year if the change of control occurs prior to the fourth anniversary of each executive's appointment."|
|kiwi2007: 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
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
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
SA Property Opps share price data is direct from the London Stock Exchange