|Warner Estate Hldgs
||EPS - Basic
||Market Cap (m)
|Real Estate Investment Trusts
Real-Time news about Warner Est. (London Stock Exchange): 0 recent articles
|cwa1: Just joined the merry gang with a very small nibble. Share price chart lloks like a downhill toboggan run but hoping that things might be bottoming out and better things might be round the corner in the next 6-12 months.|
|haroldthegreat: any chance here of a rise in the share price?|
|mike24: manipulation of share price?
had read that fireplace,
cksn moved 20% in afternoon, 235-197 and back
tell me that was'nt manipulation?
what suprises me there has'nt been more 1day swings
in the comm prop sector.|
|scburbs: Investors getting confused here? When a company is at 100% LTV the banks are normally in charge. If they had been on 70-80% LTV (like CAL) then I would understand the share price rising.
As a main market company they are obliged to issue an IMS by 6 weeks before the end of the first half. Deadline would seem to be next Wednesday 19th.|
|scburbs: Even worse than I expected with NAV at 8p and now negative as indicated by Nickcduk. The management contracts may be profitable if the banks allow them to survive, but the profits will just be swept to the banks through increased interest rates and fees.
Worth noting that they have been discussing the refinancing with the banks since February and its a fair bet that if they do refinance it will be on terms that pick up any excess value. It is surprising that the share price is holding at 28p.
As I said in the past, at best, this is set to be a zombie fund being run on behalf of the lenders. Whilst it could come back if property values rise it is currently worthless other than hope value.|
|hooley: Share price down almost 10% on the back of selling £75,000 of stock. Not so much a shake as a chainsaw to the trunk. Another 9 dealing days and a net asset value of over 200p a share will be on offer for nothing.|
|explorer88: A nice rise from WNER :-)
BXTN next ? (net assets 290p/share - similar to WNER - , share price 24p, half that of WNER ...:-))|
|hybrasil: Can you imagine how the family must feel. In 1993 the share price was £2. Now 15 years later having been higher than £8 it is now £1. Thats fine if they can continue their impressive dividend growth record. I suspect they will have to cut it substantially.
What has brought this impressive, originally conservative,property company to its knees? One word - overborrowing.
If we do not see corporate activity at this price after all its only worth 1/5th of its reported NAV then I seriously suspect trouble.I am a holder having started to buy at £1.32.|
|kenny: On all public information available, they are far from bust. Problem is high gearing but the recent interim management statement seems reassuring on this e.g. some loans re-arranged and covenant LTV's increased.
NAV is way above current share price and if we get a rate cut at the end of this year they should start to emerge.
More likely a big seller who needs to be cleared out. If like me, you take the view that they will still be in business in 5 years' time, this is a buy albeit a risky buy. Short term, no sign of any good news on the horizon which surely does not help.|
|nickcduk: Results are out on Friday I believe. Expecting a fall in NAV but dividend should be nice and safe. The fund management side of the business isn't reflected in the NAV either which allows such a rich dividend to be paid. Yielding over 6% at the current share price. Im happy just to trade the volatility here. If it spikes lower I will pick up some more and then sell them when it eventually bounces.|
Warner Estate share price data is direct from the London Stock Exchange