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OTE O Twelve Estate

6.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
O Twelve Estate LSE:OTE London Ordinary Share GB00B0XPT375 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 6.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.75 GBX

O Twelve Estates (OTE) Latest News

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O Twelve Estates (OTE) Discussions and Chat

O Twelve Estates Forums and Chat

Date Time Title Posts
07/7/201223:15O Twelve Estates Ltd340
28/1/201109:442012 OLYMPIC GAMES PROPERTY PLAY80
05/2/201015:46Takeover target or wet squib ?934

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O Twelve Estates (OTE) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

O Twelve Estates (OTE) Top Chat Posts

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Posted at 07/7/2012 23:15 by quepassa
ACCEPTANCES TO THE UNCONDITIONAL RECOMMENDED OFFER OF 7P PER SHARE NEED TO BE NOTIFIED TO THE BROJKER/REGISTRAR BY 19th JULY.

ALL IMO. DYOR.

QP
Posted at 28/6/2012 08:40 by quepassa
Unconditional offer Recommended by Board at 7p per share has been released.



ALL IMO. DYOR.

QP
Posted at 18/6/2012 13:18 by moreforus
for the entire issued and to be issued share capital
of the Company not already owned by VIII Investment at a price per
share of 7 pence.
Posted at 28/10/2011 17:03 by quepassa
So Westbrook now with around 77% are likely at some time to make a bid, in my view only, for the rest of the shares at little more than the current knoock-down price. It would only take a further £4-5million at todays market cap for Westbrook, plus a small acquisition premium for them to get the whole of O'Twelve.

If Westbrook have just bought Panther's 10% to increase their holding to 77%, it seems unlikely to me, that they won't go for the full 100%.

ALL IMO. DYOR.
QP
Posted at 25/7/2011 12:19 by cerrito
As someone who used to hold shares and did have this on my radar was interested to see the results.
Despite the current price being below the price at which they did their placing some months back and the success in reducing voids (at least pre Thurrock) I have no enthusiasm for buying the shares (even though the discount to March 31 2011 valuation has increased after this morning's fall).

The cash flow for the last year was a good improvement over the previous year but operating cash flow was just enough to pay the interest bill and nowhere near enough to pay the oneoff debt renegotiation fee.
For me an appropriate price would be to buy at about 6.75p but not sure if it will fall so far so will forget.
Posted at 24/12/2010 11:53 by daniel
OTE is very disappointing; I wonder where the Bod expects existing investors to get funds to save themselves from such heavy dilution? They've given away the control of the company for peanuts. Very selfish indeed!

I will like existing shareholders to come together so that we can block this deal, by voting against it. Send me an email at Kssksally at yahoo dot com, to estimate how much vote we can gather.A couple of large holders will be on board
Posted at 17/12/2010 10:07 by paul1967
I doubt you go to the expence of an open offer without a verbal agreement with your major holders.
Regardless of intentions, it places the company in a financially stronger position with a multi billion $ company behind them. No fear of covenants here now. If they buy upto 25% more after the placing, any offer has to be in excess of 10.5p but i don't think that is the intention, OTE need a dynamic board, currently we don't have that.
There is no point following a share you are not happy with or uncertain with, waiting for it to fall and think "glad I never" or watching it double and thinking" wish I had"
That is fantasy trading.
With a "possibly to be major share holder" wanting 50% and 1 share at 10.5p the stock in my opinion warrants a 5% investment in my portfolio, may make a tidy sum, may lose a bit, that's what the markets are all about, otherwise invest in a savings account and check your interest payments monthly, that is guaranteed.
No point wondering what may happen as you will go round in circles and end up back where you started knowing little more than you did before. Cough up £30m you may get a better picture.
Posted at 16/12/2010 11:04 by linhur
NTV

Having thought about it, I agree it looks like a backdoor effort to get OTE on the cheap.It is cunningly priced as it indicates they value OTE at around 11p.

I think Panther and Utilico have separate agendas so I do not think their will be takeover from them for OTE. Panther might see an exit point by selling to the offerors as I think his average price would be in single figures.. Not sure what Utilico will do as their buying price would be higher than current share price

Initially I was interested in this offer as I have been looking to get into OTE but I do not like offeror having control as they are not paying a premium for control.

regards
linhur
Posted at 30/7/2010 11:28 by daniel
The fact is this, the Board must understand that less competent management in real estate companies that have suffered huge dilutions have gone nowhere. The share price is held down for ages. On the other hand, companies like Minever and Quintain; which have completely avoided dilutions or at rock bottom prices while their portfolio valuation improved have gain over 500% in share prices in past 15 months. There is no better placed real estate company in the LSE with similar opportunity than OTE with the approach of the Olympics.
Topvest comments may be designed to talk the company down in the hope acquiring large shares, otherwise I cannot justify why a holder would be clamouring for dilution.
Posted at 08/2/2010 17:59 by daniel
The Directors need to state clearly to the market if they know of any reason for the significant decline in the share price. The share price now requires a 100% increase to be back at October prices. Given the debt restructuring, agm, share buy back and other important events since Sept, the share price anomaly is of concern.
O Twelve Estates share price data is direct from the London Stock Exchange

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