Wt Wner Usd Discussion Threads

[nickcduk] 20/6/2008 12:27

I guess WNER is getting tarred with the same brush as CAL. Falls look overdone but as has been the case for a long while there are hardly any buyers in WNER. With pretty much zero trading volume going through it doesn't take much selling to trash the price. Will add heavily to my position in due course but will wait for some buying interest to appear first.

Not too worried about debt on WNER as they have a lot of their property and debt in JV with the likes of BoS and Barclays. They have both been happy to extend further credit lines as recently as this month. No pressing debt renewals until 2010. Hopefully by then markets will calmed down somewhat and rolling over the debt won't be a problem.

[hybrasil] 20/6/2008 12:04

getting a bit scary now

[hybrasil] 19/6/2008 11:14

oh dear gone up slightly

[hybrasil] 19/6/2008 10:31

19p to go now £2.19 bid

[hybrasil] 19/6/2008 09:39

29p to go!

[kenny] 18/6/2008 14:25

Oh, now I am really worried!! Will short a few - like I few others posting here!

Still I like the 10% yeild and in five years time I will have collected 50% in dividends and probably another 50% in capital growth.

[zimzoot] 18/6/2008 13:47

Credit Suisse downgraded the sector

Property companies were also hit after Credit Suisse downgraded the sector from overweight to underweight. It complains rental income was being hit by rising interest rates and ballooning credit spreads. It has cut Great Portland Estates, down 19½p at 350¾p, from neutral to underperform, Land Securities, 52p lower at 1333p, from outperform to neutral, and Segro, 21¾p off at 397¼p, from neutral to underweight. It has raised Hammerson, down 14½p at 905p, from neutral to outperform.

[zimzoot] 18/6/2008 12:43

Warner Estate slumps to a loss

[zimzoot] 18/6/2008 12:42

Commercial property will be worse
Retail income dropping
Asset writedowns
High gearing

Full House here :)

[hybrasil] 18/6/2008 12:30

zimzoot
in my dreams.
At £2 this is a screaming buy in my book. But it still has to fall 15% before I get in

[kenny] 18/6/2008 12:14

Thankfully, Warner is not a housebuilder or involved in the residential market.

[zimzoot] 18/6/2008 12:08

You may get in at £1

Fitch downgraded sector
The housebuilding sector is lower following the decision yesterday by credit rating agency Fitch to downgrade Taylor Wimpey's debt to junk status, sparking concerns about the health of some of the weaker builders even though brokers say it was not an unexpected move. Persimmon, Barratt and Redrow lead the fallers but the sector as a whole is under the cosh

£347m debt on its balance sheet
pretax loss of 123.5 v 67.8 million

[hybrasil] 18/6/2008 11:45

and closer 2.37 bid

[hybrasil] 18/6/2008 10:33

its getting there £2.40 bid now

[hybrasil] 18/6/2008 08:44

You are probably dead right Kenny.
However I need sellers if I am to buy in at £2!!!

[kenny] 17/6/2008 13:59

I am a holder and at this price I wouldn not sell - no matter how many times the Telegraph advised so.

[hybrasil] 17/6/2008 08:24

Then was then. I last bought these at £2 and sold at £3 thinking that I had done well.
I like the fact that they have grown their dividend always. They are overextended at the moment but I dont think they will tube. I am surprised at the lack of selling.

[manrobert] 16/6/2008 14:57

i do not currently hold these but have in the past.bit rich of telegraph to advise selling as i seem to remember them advising to buy couple of years ago when the shares were698p

[zimzoot] 16/6/2008 14:52

indeed...next one to tank

[hybrasil] 16/6/2008 10:42

I see a sell tip in sundays paper. £2

[hybrasil] 10/6/2008 23:03

ANY MEMBERS OF THE WARNER FAMILY READ THIS THREAD?
I think the family general holding is so large that there simply hasnt been many shares traded. Despite these results very few moved (only 40k).I aM A BUYER AT £2.OO IF THE SHARE WAS TO FALL TO THAT LEVEL.

[hybrasil] 10/6/2008 08:28

well I was right.Still 7% increase in dividend. Gearing too high in the current climate. £2 ?

[hybrasil] 30/5/2008 09:36

I suspect we will see massive write down in valuation in the next set of accounts. I am a shareholder in wichford the properties there are all blue chip as are their tenants (all government) and their nav has fallen from 207p to 134p. So warner could have a bit to fall yet.

[contrarian2investor] 05/3/2008 17:31

Hi bearstalker.
any other lurkers out there?
I am watching and waiting to hear when the Credit crunch (part two)the CDS (CREDIT DERIVATIVE SWAPS) affect the property market/ debt market. So to answer you question yes the do believe that wner could go sub £3. I for one will be buy below £2.70 for the long-term.
This is only my opinion. DYOR.
c2i