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Share Name Share Symbol Market Type Share ISIN Share Description
Alpha Real Trust Limited LSE:ARTL London Ordinary Share GB00B13VDP26 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.68% 145.00 140.00 150.00 146.00 145.00 146.00 1,250 08:35:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 6.1 3.9 5.8 25.0 97

Alpha Real Share Discussion Threads

Showing 226 to 248 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
03/3/2019
10:41
Cheers bb, Whatever way you slice or dice it we have an unstable situation here. When a company like ARTL is at a very large discount AND has a very, very large cash pile something has to give as the capitalist system simply doesn't allow a situation like this to exist for long. What we have here is FREE MONEY. A major shareholder could buy this at 195p/share and make a very tidy profit not to mention realising a massive increase in the value of their existing shareholding. To buy 65% of the shares would cost c.£86m but ARTL has (or will have) close to £65m in cash and that's before any settlement in India. Come to think of it you wouldn't even need to be a major shareholder. Offer 195p (cost £130m) get the cash immediately (£65m) run down the loan book sell off the Birmingham site and your investment is now so low that you can just wait for the remaining assets to be sold at a price you like and at a very healthy percentage profit.
pavey ark
01/3/2019
16:26
Pavey - thanks for your input on Alpha. I hold and agree that the valuation looks very attractive. For some reason, as evidenced by a lack of activity on this discussion, little private investor interest here at the moment.
belgraviaboy
01/3/2019
16:15
Doesn't six weeks fly. I now make cash to be 95p/ share. If you buy at 145p your 50p buys 115p of very, very sound and possibly undervalued assets. Just saying!!!
pavey ark
27/2/2019
13:07
Six weeks ago I posted some fairly detailed facts/info on ARTL and absolutely no response. Am I the only person following this company? Anyway we should get an update soon and the NAV and discount should make rather silly reading. I expect the NAV to be close to or over 200p and this does not take into account the other "hidden" increases in NAV. 1. Indian investment has to be worth more than £3.9m 2. The buy to let valuation looks very low, especially Leeds. 3. The Spanish shopping centre has the recently acquired additional land and planning permission would increase the value a fair bit. Just saying !! I'll go away for another six weeks now. PS: if someone knows something I've missed please let me know. I don't mind a healthy portion of humble pie especially if it saves me some money !! PPS: I can see this being taken private as the figures would make a lot of sense especially if the people taking it private already hold a fair number of shares.
pavey ark
15/1/2019
12:19
Today was my last and most expensive purchase here. The question is , have I got my figures right !!? I make the NAV to be 205p with the cash worth about 70p a share. Below is a little bit of research and if you can get into it from my link is certainly worth a careful read. hxxps://www.ashurst.com/en/news-and-insights/insights/unlocking-the-potential-of-build-to-rent-housing---the-key-to-solving-the-uk-housing-crisis/ The "golden Brick" reference is worth taking careful note of and also the fact that Robert McAlpine is the preferred contractor/partner with ARTL and even more importantly they are the go to guys for Standard Life and their "build to Let" programme. I did not accept that £12m was a true carrying value for Monk Bridge so we shall see and perhaps quite soon. If the Leeds and Birmingham sites are sold on for a modest £20m total then NAV should rise to 210p/share with cash of 100p in that value !! NB: I would like to see these figures checked out.
pavey ark
21/12/2018
18:17
db, yes but only a 25k order and that was after your post. The rather derisory share price increase is largely negated by a massive spread. We have had a 27p increase in asset values, a massive £40m cash realisation and nothing really has happened to the share price The big clue here was when a senior director bought a million pounds worth of shares. This substantial share purchase was simply ignored here and now we are waiting for Simon Thompson to state the bleedin' obvious.
pavey ark
21/12/2018
12:30
Looks as though buying has just pushed the price up.Pavey??
davebowler
20/12/2018
14:20
db, had to go with a telephone order with another broker after buying some online with them earlier. The MMs were playing their usual game of not having any stock but not willing to raise the bid price to get more. Three MMs deal here and the spread was/is ridiculous. They were willing to buy 50k shares and pay 138p .....wasn't that nice of them ? Online/low cost brokers do most things by their computer system and if a share is not on it they are lost.....the lesson here is ..."you get what you pay for" Having said that I dealt with Idealing for many years and still have accounts and plenty of shares with them, I have little doubt that the guys at idealing would have got round this for me. Come April I intend to put my ISA allocation with idealing.
pavey ark
20/12/2018
12:52
I think its more of a Kiid issue. HL are a waste of space. If they haven't got it set up then they won't offer the stock.
horndean eagle
20/12/2018
12:38
Pavey. I'm surprised your broker couldn't take a telephone order instead of putting you off due to their system deficiency.
davebowler
20/12/2018
12:14
Easily the most frustrating trading day ever. A large lump of cash with a new broker but ARTL wasn't on their system .....it will be tomorrow .....oh good !!! Bought more with spare cash then sold another share to raise cash but the price was climbing. I should be grateful I had a reasonable holding to start with. ARTL is now 50% cash and at a discount of 30% to net asset value.( over 200p) I have said this before.. these guys know what they are doing. The carrying value at Monk Road is too low and the cash should come from India...at last. Edit: not only does this free up the £22m they had invested in the data centre but this deal adds c. 27p to the NAV.
pavey ark
20/12/2018
11:38
The other big positive is they are now stuffed with cash and ready to put it to work. If market wobbles continue then should hopefully get some pretty juicy returns in due course. ST no doubt will flag up the huge bump in nav later. No one else really seems to have noticed.
horndean eagle
20/12/2018
11:32
Yes that's great news and a credit to the team.They are well paid but produce the results!
davebowler
20/12/2018
10:34
Disposal of Frankfurt at a huge premium to book value. NAV near 200p now. Shares should move to new highs soon.
horndean eagle
19/11/2018
23:13
Ran through the interims. NAV continues its stately increase up from 172.9p to 178.4p in the six months to end of September plus of course the dividends- presumably two of 0.6p. That said there is a change in the portfolio with the Freehold Fund holding more than halving in the six months to £13.96m, the introduction of Hamburg, continued investment in Frankfurt and Leeds as well as mezzanine loans. Their portfolio is pretty well insulated against a messy Brexit, though I guess AURE would find the going hard in such an eventuality. I reduced my holding by 28 pc in the tender offer.
cerrito
16/11/2018
07:40
Results as expected with the exception of the Monk Road carrying value. I think that it is worth noting that a valuation of 9% of a GDV is erring rather heavily on the cautious side but it will all be sorted out in due course. My target here is 15% compound share price growth for the next three years or £2. Given the current projects in hand things may even go better that that but 15% would certainly keep me happy.
pavey ark
15/11/2018
10:46
Completed a second top up purchase this morning and I'm rather surprised to be on my own. Made my initial purchase a few months ago and with the two additional purchases now have a reasonable holding at c.132p The purchase of £1m of shares by a director seems to have been ignored. The Hamburg deal though not highly significant shows how nimble these people are. The legal dispute in India looks like it is coming to a conclusion. The most significant factor in my additional purchase has to be the build to rent projects, especially the Leeds Monk Road scheme. These projects have been carried at a value of c15% of their gross development value but the company has said that the Leeds project now has a GDV of £153m up from £55m due to new planning approval. If the 15% valuation is applied the carrying value goes from £9m to £23m or 21p a share. The company have even stated that this revaluation will have a material effect on the valuation and this will be announced on the 16th of Nov. I'm not in here for the quick gain as I rate the management team but it does look like things are certainly on the move.
pavey ark
12/11/2018
13:13
29 October 2018 LEI: 213800BMY95CP6CYXK69 Alpha Real Trust Limited ("ARTL" or the "Company") Results of Tender offer The Board of the Company today announces the results of the tender offer set out in the circular published by the Company on 5 October 2018, which closed at 3.00 p.m. on 26 October 2018. The Tender Price was 138 pence per Ordinary Share. In total, 1,584,564 Ordinary Shares were validly tendered under the Tender Offer, representing approximately 2.3 per cent. of the Company's Voting Shares in issue as at 26 October 2018 (excluding Ordinary Shares held in treasury), including any Ordinary Shares validly tendered in excess of the Basic Entitlement. All valid tenders will be satisfied in full.
davebowler
24/10/2018
21:50
I have gone in for my basis allocation and a further 20pc for the excess tranche. Given that the concert parties are not participating I am assuming quite a lot of my excess will be bought out...and to be honest not sure why I did not tender more.
cerrito
08/10/2018
13:06
I'm pleased about the tender but am not participating.
davebowler
05/10/2018
20:15
Glad that I have a bit of time to consider the tender offer; given recent share price history and relatively wide bid offer spread, 138p has its attractions but do not need the cash and still at a huge discount. I guess there will abit more uptake than that of this time last year at 123.1p
cerrito
04/9/2018
12:29
Mind you, I think none of FIAF's freeholds are of the toxic variety. See post 188.
davebowler
27/8/2018
20:44
Thanks hpcg for pointing that out
cerrito
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
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