Braime Share Discussion Threads

[coolen] 23/9/2014 16:03

Steady interest developing with plenty of small trades all of a sudden. Anyone know why ?

[dupree] 02/7/2012 17:30

I rang them up a year or two or more ago when i noticed that my BMTOrdinary shares had risen modestly whilst the BMT had gone through the roof
Bloody annoying as I was folowing Tara's picks and even she had not differentiated between the two different shares
I can't explain exactly but apparently its all to do with the old fashioned ways these northern industrial family businesses issued shares and how another industrial family has been trying forever to muscle in, which leads them to snap up any BMT share that leaves the Braime families grasp, while having less interest in the BMTO
It's all very Barbara Taylor Bradford sounding!
Whilst the gentleman I spoke to had to observe profesional behaviour in what he said, he was not claiming that the companies performance or prospects justified the price and pointed to the low yield.
I am in them essentially for the industrial land site with development potential. They are what people call 'tucked away'!
Put the BMT and the BMTO on the same graph and wonder.

[m.t.glass] 23/3/2012 12:47

What happened on 21 Dec 2010 to trigger the near-fivefold rise in five quarters from then till now? Results next week.

[tara7] 25/5/2010 15:32

Yet more director buying.

[tara7] 26/4/2010 15:08

Full offer for 300 shares

[tara7] 09/4/2010 11:59

95-120, and trade goes through at 117, shows what we all know Kit Cat, you should steer clear of shares.!!

[knitcraft] 09/4/2010 11:57

Why, who says so. Complete supposition.
Why not try facts for a change.

[tara7] 09/4/2010 11:55

Small buy today i see, hope to see a broker note soon.

[tara7] 01/4/2010 11:31

Mud thanks , just what value did your brother put on the land.?

[herschel k] 01/4/2010 09:49

no worries, as I said initially, if there are core business reasons for investing here then that's a different matter completely.

the land will be worth something, eventually. :)

good luck to you too.

[tara7] 01/4/2010 09:37

Thats fine, and thanks, however even if you rule out the land value 100%, you have a company on a pe of 4 falling to under 3 in my view this year. A broker note and or director buying will in my view move these up fast. Look at the chart they are doing better now, [at £1.00 a share] than when the stock was £3.00.!! thats markets for you.!! Good luck in any event.

[herschel k] 01/4/2010 09:26

Tara,

Not saying you didn't, but you can't say "FACT" when it's something you've read in a paper. I'm trying to advise you to be careful to base your investment expectations on either: -

1. A planning permission for apartments (even if they had one); and/or
2. What you read in a newspaper.

A bit of research is all it takes to find out things aren't quite what they seem.

In terms of your second point, here's where we fundamentally disagree - I don't think any builder will buy the site for the current development purpose identified in the Planning Brief. IMO, the brief will change significantly when it is demonstrated to the local authority that there is no market for the identified usage (which there isn't and isn't likely to be for some considerable time IMO).

You say they will put in for their own planning with the "mix to make the most profit" - what do you mean? do you mean houses? if so, this brings me back to my first point about this site, that the subsequent value will be significantly lower than that mooted by you initially, because even if (and it's a MASSIVE if - I don't think they've got a chance at all if you look at what it is surrounded by) the local authority allowed housing here instead of apartments, you'll get about 1/10th of the no. of units on the site (if that).

Besides, who'd want to live in a house surrounded by industrial/commercial and retail property?

IMO, it is likely to be redeveloped for this kind of usage (ind/comm/retail), with a land value significantly lower than that for a mix of 700 apartments and commercial.

H

PS: I've only made comment here because I'm following all of your tips for 2010 and happened to think you were wrong on the basis of your investment on this one. Nothing against you personally, hope you understand. :)

[tara7] 01/4/2010 09:09

Two points, I posted what i read in the paper in good faith. Next any builder who buys the site would put in his own Full planning, with the mix to make the most profit.

[herschel k] 01/4/2010 09:00

Tell you what, I'll make life even easier for you: -

https://publicaccess.leeds.gov.uk/online-applications/propertyDetails.do?activeTab=relatedCases&keyVal=HWJ3IOJBLI016

That's all the history of the site between 2005 and 2009.

1 application in 2007 - the retrospective one for the illuminated advertising hoardings.

[herschel k] 01/4/2010 08:57

tara,

check the planning portal at Leeds City Council.

very easy to do.

there is no planning permission granted on that site for 700 apartments.

I'd rather believe the planning department's own records than a newspaper, thanks.

Here's the link, so you can check yourself: -

https://publicaccess.leeds.gov.uk/online-applications/

Just put the postcode in.

H

[tara7] 01/4/2010 08:48

Now eat your words please.!! From the Yorkshire Post 5th Sep 08. Finance director David Brown said the site HAS planning permission for about 700 flats. FACT. !!

[tara7] 31/3/2010 16:07

The paper and accounts say a detailed app went in in 2007, if i am wrong then you are right i must apologise.The site does have a planning brief that is 100% for sure.

[knitcraft] 31/3/2010 16:04

TARA.
You have been posting on here that PP was granted. Apologise and admit you were wrong.

[tara7] 31/3/2010 16:03

In my view value is to be found here, directors may buy again to prove my point, we will have to wait and see.

[knitcraft] 31/3/2010 16:03

MORE CLAPTRAP from Tara.

[tara7] 31/3/2010 16:01

That may be the case , however the land at just £4M Not £15M gives you a FREE company that should in my view make a Million this year.

[herschel k] 31/3/2010 15:59

tara,

only if you can sell it.

which you can't.

I'd lay odds on that they will submit a revised application for the site prior to expiry of the existing permission and that the value of the land will suffer significantly as a result.

H

Edit: Planning hasn't been approved yet?! WTF?! How can you suggest valuing land without a permission in the same manner as that with, irrespective of how implementable it is or not? LOL!