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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Soverign Rev | SVN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 192.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 192.00 |
| Top Posts |
|---|
Posted at 11/5/2010 15:19 by hedgehunter1 SVN, is being stolen because of certain instituations, wanting to take a quick profit after buying share when they were cheap. There is real discount value to be unlocked here slowly and surely, with prices recovering it seems the value of H+C is also going for free and it just starting to show value!Small shareholders should form a strong view and resist this offer! The portfolio, should be broken up and release value for shareholder that way if people want theri money back, but at least we would get closer to true NAV of say £2.45- ~£2.50 per share rather than £2.02. Lets hope a white knight arrives. |
Posted at 12/10/2009 08:51 by mikey34 Incredibly quiet thread....always a promising contrarian sign!!?A good trading update today....divi to be resumed....things looking altogether better.This is currently below most radars. |
Posted at 25/1/2008 17:09 by cockneyrebel Someone is trying to get a decent chunk but no sellers coming forward.The tick up near the close doesn't seem to be showing a trade either so mm's marking up to fill a larger buy in the wings imo. Nice buying when nobody appears interested but behind the scenes someone's very interested :-) Those Milton Home as you say Magnerita look very interesting. Already done one merger. There's been a lot of director changes at Milton Homes towards the end of Dec - bit of a boardroom tussle regarding buying SVN? Directors walk then Milton buy 350K @ £3, 15% above market. We'll see. CR |
Posted at 24/1/2008 16:46 by cockneyrebel Cheers Cambium, I noticed the warrants today.I'm beginning to think these might be a reverse takeover target for Milton? If you were Milton Homes and wanted to list on AIM how cheap and easy it would be to buy SVN instead, pick up a really cheap company and obtain a stock exchange listing? I'd also like to know why these were marked up at the open - no delayed trade shown so I suspect the mm's were trying to get stock for a larger buy that never got filled. CR |
Posted at 18/1/2008 16:00 by cockneyrebel I notice Pru and Norwich U are getting big on Equity Release lately, advertising a lot on TV - SVN a bid target from these two possibly, rather than Just Retire?CR |
Posted at 22/7/2007 20:14 by mikey34 Some very good posts here.Like the look of this stock. From a macro point of view it`s in a good place. This is an area likely to see a lot of growth and SVN seems to be below most investors radars at the moment. The Home and Capital acquisition will broaden the base. Embedded value at 520 is 35% above where we are now. IC article positive on Friday and also Sunday Telegraph today. |
Posted at 18/7/2007 14:53 by hedgehunter1 Been watching this little group, with interest over many years, and have too say am taking a slighly different view point for the following reasons.1. The group, now has admin expenses running at £1.9m a year, which has increased faster than the increase in the portfolio growth.Admit they bought H+C but this is a huge overhead for such a small Cap company, do they really need so much cost on such a passive business? 2. The share holder have been diluted by the raising of the £3.5 equity, which has not been deployed, and if anything PIC must feel pretty hacked off at putting in £3.5m equity now worth £3.4m after a year. 3. Profits are all through valuation upside assumptions, and portfolio has not been inspected fully. 4. SVN being out bid by Grainger and Bridgewater time and again. 5. Bank debt has doubled, and they have hardly bought any property? 6. If the value of the asset is nearly £484.5p per share VP, sell at say 80% discount for the premium as quoted in accounts they mention, less tax treatment, you get back to current share price. How do you get a decent total return, as it doesn't come from income stream. 7. What are the directors paying themselfes one wonders, in comparision to Grainger who is far larger. Be very interesting to hear what the cunning plan is at the AGM meeting. My view is cash flow is critical, and with rising interest rates, why increase debt, unless you can earn in way in excess in terms of total returns given market risks. Have to say have sold large volumes, and will be selling more, when possible. |
Posted at 17/7/2007 20:49 by magnerita I took the following from the results:The P&L is pretty meaningless as merely all revenues stem from revaluation of the portfolio (GBP 8.1m out of GBP 9.7m of total income). All assets are carried at 64% of the vacant asset value. SVN hints that they are eager to acquire more portfolios, even at a premium to the likely carrying value in the accounts resulting in a loss at consolidation/recogn I am still confused by the dividend. SVN is building up a portfolio of assets, leading to cash-outflows (GBP 8.3m of cash outflow pre financing). I don't understand why they feel the urge to pay a dividend although it is small. In conclusion shares look cheap (valued in line with NAV and at a 36% discount to embedded value). On the other hand, given the interest rate hikes, it is unlikely that the embedded value will increase a lot this year as house prices are set to move sideways and asset acquisitions could lead to some dilution in NAV. I like this stock given the high growth prospects of the equity release market after the regulatory change, SVN's strong focus and at current levels I am also looking to add more to my position. |
Posted at 16/7/2007 21:01 by ianmcd Results look good. There's a lot to read but from what I can see so far...Net asset value is up 8% at 342p, and at current price of 350p that means the business is virtually thrown in for free as the assets are fairly solid. Dividend raised by 7% but still makes it under 1% yield. Pretax profit up to 7.2m (from 2.8m last year) which is a big hike. Strangely my figures for their previous PTP was -0.4m (normal) or 0.14m under FRS3 but these new figures are under international stds for the first time (IFRS) making a direct comparison difficult but I believe they have requoted previous figures under this standard. Whatever the measure was it is a substantial rise. I make it 50p pretax per share, and EPS is 33p, so PE is now 10 and a huge dividend cover so plenty of potential to keep raising it. They quote an "embedded value" of 485p, not sure of what that is yet. I wasn't too sure how they would keep the cash flow going in the short term until they got to make more money from sales but it seems they are doing something right. The price didn't budge much so maybe very few others are watching. I am inclined to add a bit to my holding when I have the chance. |
Posted at 27/3/2007 16:28 by hedgehunter1 Stock is very tightly held. The forthcoming regulation has slowed everyone down in the sector. The assets keep rising in value, and the business model is sound.With only £8m of debt, and a provision of £6m to cover CGT, frankly with a VP value of circa £140m, it has got to be the cheapest property play out there. Now that SVN own 100% of Home and Capital it now has got the deal flow. This is a lock away Buffet stock, and relook in ten years time, look at freshwater for that. |
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