Share Name Share Symbol Market Type Share ISIN Share Description
Sovereign Reversions LSE:SVN London Ordinary Share GB0008467432 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 192.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.0 -15.4 -80.1 - 32.55

Sovereign Reversions Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
26/8/2010
20:48
Should have got you own bid together then! Not helpful, I know. I feel just as robbed but we 'little people' have to accept the ways of the world and make what we can from crumbs than fall from the banquet.
tonyrelaxes
26/8/2010
07:51
Cheque arrived....its all over and I KNOW it was worth a lot more!
mikey34
20/8/2010
12:07
Anyone got the cheque yet?
mikey34
09/8/2010
15:09
From second 6/8/10 RNS- "Despatch of cheques or settlement through CREST (as appropriate) in respect of the consideration will take place no later than 24 August 2010. "
tonyrelaxes
05/8/2010
11:19
Alan, the 'expected timetable' says the 'despatch of cheques and settlement through CREST' is up to 14 days after the Effective Date. The Effective Date should be 9 August - a Monday. So we get paid sometime before Monday 23th Aug.
tonyrelaxes
05/8/2010
07:57
So shares suspended today and listing canceled Tuesday. Anyone who knows more about these things than me care to guesstimate when we get paid? Week commencing 16th?
alanrussell
04/8/2010
20:01
Agreed,hedgehunter,but seemingly all in vain.This has been absolutely nicked. Incidentally,someone sold 3000 shares today at 186.According to my maths they will receive £480(PLUS COSTS ) less than they would have received within a couple of weeks.Either,they really need the money right now or they just don't read stuff.
mikey34
29/6/2010
15:48
Calling all fellow smaller shareholders, if Grainger Equity Release business take Sovereign reversions PLc, it will become a monopoly on the equity release PLC, as the only other equity release provider is Hodge Bank, who may exit out of the market for equity release loans . This info is not in the documents sent, and if this gets sold for this low value, it has been stolen, I'd urge shareholders to vote no, and try and get management to help support growth as anotehr market provider exits the arena.
hedgehunter1
04/6/2010
18:11
What a shambles.How can the directors pretend they have done their best for shareholders??Anyone in from before the credit crunch is out of pocket.....this opportunistic bid came when the stock was on its knees but had huge potential in a growth area.Grainger will be laughing about this and I suspect our directors will too.
mikey34
04/6/2010
12:59
Well that's it done and dusted. 202p per share in August. Shame but I suppose a profit is a profit.
alan russell
11/5/2010
14:19
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.
hedgehunter1
06/5/2010
07:39
Shame but that's life. I never like takeovers as it is usually the good ones that get bought naturally enough. Assuming all goes ahead I will get a lump of money back from what always looked a solid investment and goodness knows what silly thing I will do with it!
alanrussell
06/5/2010
07:34
Put my undertaking to accept the offer as "very soft with a very high hurdle".
mikey34
05/5/2010
14:10
Agreed,Alan.I wasn't sure how to interpret the lack of buying.A bit more detail would have helped.
mikey34
05/5/2010
11:06
5 May 2010 SOVEREIGN REVERSIONS PLC UPDATE ON FINANCING AND TRADING The Company has received confirmation of bank credit committee approved for the extension of its loan facility due to expire in June 2010 by a further two years. This approval is subject to formal documentation. In the financial year to 30 April 2010, proceeds from the sale of investment properties and shared equity loans exceeded GBP6.9m, an increase of 53% over the year to April 2009. 68 properties were vacated, compared with 60 in the previous year. The Company has invested less than GBP0.5m in home reversion plans during the year. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Good news on funding. Would have been nice if the company had explained the lack of buying. Prices too high? Unlikely, there have to be customers under pressure to re-finance. Cash handy in defense against unwelcome bid? Any ideas?
alanrussell
21/4/2010
14:18
Presumably that's what they're talking about - the appropriate level of any offer. I've got a uneasy feeling that this will go at about 225p.
alanrussell
21/4/2010
13:50
What could there possibly be to talk to Grainger about vis a vis their derisory offer?It currently massively undervalues this company and as the cycle on property evolves that undervaluation will grow.
mikey34
31/3/2010
16:17
If Grainger get this for 185 they will have pinched it.
mikey34
30/3/2010
07:34
From today's Times: Sovereign Reversions helps older people to convert the value of their homes into cash. Yesterday, however, investors spotted an opportunity to release some value from the company itself. Shares in the home equity release group rose 32½p to 155p after it said it had received a takeover approach. Grainger, Britain's largest listed residential landlord, admitted to being behind what both parties described as a preliminary approach. It envisages making a 185p-per-share cash offer, which would represent a premium of 51 per cent to Sovereign's closing price on Friday and would value the group at almost £31.4 million. Shares in Grainger were down ¼p at 135p. The approach would never have happened if a small army of individual shareholders in Sovereign had not chalked up a rare victory last year against a group of rebel investors, led by Harry Hill, chairman of Countrywide, the estate agency, and Peter Gordon, a former partner at 3i. They wanted to gain control of the company and gradually wind it up. Now it is chaired by Bob Wigley, the former Merrill Lynch banker, who also chairs Yell Group.
alanrussell
29/3/2010
07:46
Couldn't agree more alan.
mikey34
29/3/2010
07:43
I do hope this bid fails. On a 10 to 20 year view the asset base is very sound and collapsing pensions may force a lot of people to seek cash for equity in their house. This has always been one for the patient.
alanrussell
29/3/2010
07:28
Not surprised there's a bid......look at the NAV......this is a long way undervalued.
mikey34
15/3/2010
16:26
After no trades for ages ,suddenly 4 Buys totalling £75K.
mikey34
22/10/2009
13:43
ianmcd, I agree with your overview generally.
mikey34
Chat Pages: 5  4  3  2  1
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20161203 19:47:39