Summit Germany Share Discussion Threads

[lochgarman] 14/4/2008 19:11

cnx....im not with you?? Does it not depend on what price you got in yourself....e.g. below the price the large stakeholder pays/paid?

[cnx] 14/4/2008 06:24

large stake building at prices substantially below nav is not good for small
investors who may be forced into a takeout at below nav

[jpmorgan] 10/4/2008 21:46

Lochgarman,

As you say it is quite rational for zohar levy to take advantage of situation. Clever move to purchase just before the dividend is paid, as yield on purchase price alone means getting assets for less than 50% of NAV of assets alone on this purchase!

As Benj Graham says, "in the short term the stock market is a voting machine, and in the long term it is a weighing machine".

JPM.

[lochgarman] 09/4/2008 10:45

in my own view the market is depressed because mr bipolar 'mr market' is in a manic depressive mood at the moment. The share price bares little resemblance to the value inherent in the companys stock.

the german economy seems to be re-wakening after many years in stagnation.

You have to be greedy when others are fearful.

If you ask me the ceo-zohar levy is been just that!

[jpmorgan] 08/4/2008 21:40

Why is this share so depressed? Am I missing something? Looks positive from analysis....
->Germany stable economy....
->Significant cash holdings in company.
->60m rent roll, and interest bill fixed for next 5 years at 40m. Margin of safety
->Solid yield of 5.5p = 8% Yield on Euro0.69p purchase price.
->Owner/Manager- buying assets for 55% of NAV price - not stupid - spend Euro22m in April to double shareholding.
->Rent roll can increase with refurbs and lettings over next year from existing stock
->Sector is out of fashion, but fashions come round again, and property tends to be a classic...

[lochgarman] 07/4/2008 09:59

and zohar levy buys another---massive amount of shares....it looks like a takeover attempt is imminent??

[lochgarman] 04/4/2008 21:54

yes, but the ceo has bought a massive amount of shares and somebody else must have either bought a massive amount of shares today (or converted their existing cfd....e.g. qvt finanicial)....massive turnover with share price increase..

very interesting

[ydderf] 01/4/2008 07:22

interesting.......distress in markets good news for potential aquisitions, but apparently not bad for the company's exisiting holdings......what a load of old cobblers!

[cnx] 01/4/2008 03:30

increase of 10% in interim dividend

[trustman] 03/12/2007 20:12

Huge turnover......buybacks....stakebuilding?

[trustman] 20/11/2007 13:52

LBO - quite interested in this one for diversification.ALPH and UKCM seem to be offering yields of c 8% at the moment,

Any idea of yield this year and next......and the level of gearing?
Many thanks, T.

[lbo] 28/9/2007 17:20

Shock drop in German retail sales
Friday, 28 September 2007 08:59

Official figures show that German retail sales posted a surprise drop of 1.4% in August compared with July. There was an annual drop of 2.2%.

Analysts had expected retail sales to edge 0.3% higher in the month. The figures backed up a survey published on Tuesday by the Ifo research institute that showed business sentiment among retailers falling sharply.

Meanwhile, separate figures showed that the French economy grew 0.3% in the second quarter, unchanged from an earlier provisional estimate. The growth rate, in line with expectations, slowed from a rise of 0.6% in the first quarter.

[blott] 07/6/2007 08:43

LBO - you've posted a lot of information on SGL - I'd be interested to know your own thoughts on it's prospects

richandjanet - you can buy through barclays stockbrockers

[richandjanet] 05/6/2007 12:20

Tried to buy some of these through Hargreaves Landsdown but they don't deal in them. Anyone had similar problems.

[lbo] 28/3/2007 11:56

Trading at a 23% premium to NAV!

Net asset value per share increased to Euro1.082 at 31 December 2006

[lbo] 26/3/2007 16:55

Results on wednesday

Interesting to see these guys on the share register

[lbo] 20/2/2007 14:10

Economic outlook still strong for Germany
Sunday, February 18, 2007 - By Vincent Landon in Berlin
The figures will only add to expectations of a March interest rate rise from the European Central Bank and raise speculation of further increases to come.

The flow of positive data began on Tuesday when the Federal Statistics Office revised upwards its growth rate for 2006 from 2.5 per cent to 2.7 per cent due to a strong performance during the last three months of the year.

It was the best economic performance for the eurozone's largest economy since 2000 and the week was still young. In its annual economic report published on Wednesday, the German government upped its 2007 growth forecast to 1.7 per cent in 2007 instead of the previously forecast 1.4 per cent.

The average annual jobless rate would fall to 9.6 per cent this year from 10.8 per cent in 2006, the government predicted. Indeed ''with a bit of luck'' the annual average jobless total could fall below the key four million mark, Germany's economic minister Michael Glos told a news conference in Berlin.

In 2006, the annual average jobless total stood at 4.487 million. The last time unemployment in Germany was less than four million was in 2001. On the same day, the German Institute for Economic Research (DIW) predicted 2 per cent growth against a previous GDP estimate of 1.8 per cent.

Hard on their heels on Thursday, the Association of German Chambers of Industry and Commerce (DIHK) upped its forecast from 1.5 per cent to 2.3 per cent.

The DIKH shares the government's expectations on unemployment and believes that the number of jobless could drop by 500,000 this year. Foreign trade has recently accounted for the lion's share of growth. German exports hit record levels last year up 14 per cent at €893.6 billion. The figures pushed the trade surplus to €161.9 billion, its highest level since unification.

Domestic demand was also strong at the end of 2006 as Germans rushed to make big purchases ahead of a sale tax increase from 16 per cent to 19 per cent at the beginning of January.

Rising investments and increased industrial production were also factors. For 2007, many of these criteria remain valid - hence the optimism. Although the economy was certainly boosted by consumption ahead of the Vat hike, most indicators suggest that any decline in the propensity to buy is a temporary blip and that consumer confidence has remained strong.

The DIW predicts GDP in the first quarter will be up 0.4 per cent (compared to 0.9 per cent growth between October and December). The strength of the euro against the dollar and the yen is admittedly causing disquiet, although the latter seems to be more than offset by the boom in emerging Asian markets.

Luxury carmaker BMW, for example, sold a record 127,000 vehicles in Asia last year, up 14 per cent from the previous year. Wage pressures remain strong and there is particular concern about the latest round of pay negotiations with Germany's IG Metall union. In addition, further structural reforms are seen by economists to be essential. The government cannot afford to rest on its laurels even though recent labour market and social welfare reforms have helped enhance Germany's economic performance.

Taken all round, however, it seems highly likely that the Germany will be one of the top contributors to European growth this year. With other key eurozone economies having a strong start to 2007, the odds are very high that the ECB's key interest rate will go up next month.

[lbo] 19/2/2007 12:38

Germany has risen to one of the world's top three destinations for private equity investment in the Private Equity News annual survey of financial sponsors.

[cnx] 14/2/2007 01:08

as a long term hold also excluded from iht but increasing rental, then dividends ,are the key to commercial property investment for the small investor.

[lbo] 13/2/2007 15:31

I agree. Jack Petchey and a director buying recently is a good sign



Germany economy grows 2.7 percent in '06



Also worth looking at is Dawney Day Taveria (DTR) and Rutland European Property (RTY) for exposure to Germany Commercial Property

[irenekent] 30/1/2007 15:13

Been looking to invest in German property. This seems a good vehicle & one gets in at the beginning. I'm in with a small stake to start with. If its good enough for Jack Petchey its good enough for me!

DYOR

[sheeneqa] 22/1/2007 11:20

German economic recovery continued in Q4 - Buba


FRANKFURT (AFX) - The German economic recovery continued in the fourth
quarter of 2006, the Bundesbank said in its January monthly report.
"The cyclical upturn of the German economy has continued in the fourth
quarter, according to the data available so far," the German central bank said.
It said exports showed particularly strong growth in the quarter.
On Jan 11, the German statistics office Destatis said GDP grew a preliminary
0.5 pct in the fourth quarter compared with the third quarter.
On an annual basis, GDP grew a preliminary 2.5 pct in 2006 compared with
2005, according to Destatis.
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