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
  0.00 0.0% 182.50 181.00 184.00 182.50 182.50 182.50 11,180 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 3.2 2.7 33.1 5.5 122

Alpha Real Share Discussion Threads

Showing 76 to 100 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
14/7/2015
16:49
As a NAV enhancing strategy not much use, but as a discount managing tool potentially very effective and cheap.
scburbs
14/7/2015
16:46
Surprised how aggressively they have bid this up in the last few days, for so little reward!
tiltonboy
14/7/2015
16:15
Nibbling at a few more of their own shares. Looks like they may be starting an ongoing buy back plan to manage the NAV discount down to a more sensible level. A 10% discount to NAV (i.e. a sensible discount) would be around 40% uplift in the share price from here.
scburbs
02/7/2015
07:40
Good to see ARTL back on the acquisition trail as they move out of defensive mode and towards growth reflecting increasing confidence. It would be good to see them get the Spanish refinancing done as it is an unknown drag on their cash resources, albeit the mezz loan repayments should continue to top up cash resources. Also a small sharebuyback, perhaps the first of many as a good use of cash, albeit they probably need a tender offer at a premium to achieve much volume. http://www.investegate.co.uk/alpha-real-tst-ltd--artl-/rns/acquisition/201507020700289581R/
scburbs
19/6/2015
11:13
Fair enough, yes there's an FX component, so depends on which measure you look at (A) YOY rent: GBP rent -1.3% yoy FX impact: -7.4% New lease impact: +4.2% (86.5 to 90.1% ERV) So you could fashion an argument in EUR yoy for c2% rental growth/unit occupancy (B) Future passing rent (sum of minimum lease payments): GBP growth: -4% FX: -7.4% New leases: +4.2% So you could fashion an argument that npv of estimated future rental/unit occupancy is down a bit. I'd have liked some colour on this in addition to "loads of new leases look!". Essentially I dont like relying on yield compression to improve the h20 (or any other) NAV, I'd rather seen a healthy rental growth picture. EDIT - maybe I should be using YE FX rate comparison in (B) which improves the picture a fair bit, so actually I'm not too worried about this now.
erstwhile2
19/6/2015
10:20
Hi Erstwhile2, Please can you post the extract. Are you sure it isn't just FX? From what I can see in the notes (note 3) it looks like rents will be up in Euros. "For Euro based balances the year end exchange rate used is £1:€1.367 (2014: £1:€1.210) and the average rate for the year used is £1:€1.274 (2014: £1:€1.186)."
scburbs
19/6/2015
07:58
I like this story overall but H20 rental income is down overall, not mentioned anywhere except in the notes unless I missed it, which I don't like.
erstwhile2
19/6/2015
07:18
H20 appears to be performing well with income yield hitting a mighty 13.5% p.a. and occupancy up to 90.1% (86.5% last year).
scburbs
19/6/2015
06:56
Solid NAV growth, good earnings yield, solid and increasing dividend. Continues to look very good value at 65p. Difficult to see why the NAV discount is anywhere near the current 40+%.
scburbs
19/6/2015
06:12
Results time:- http://uk.advfn.com/news/UKREG/2015/article/67353779 David Jeffreys, Chairman of Alpha Real Trust, commented: "ART has had a positive year with earnings continuing to grow. Value adding asset management and improved leasing have contributed to the value increases recorded in the Company's directly and indirectly held investments. Taking advantage of the improving economic backdrop and increased investment market activity and pricing, the Company has sold a number of its non-core investments. As ART's current investment portfolio is being improved, we continue to seek new opportunities focused around the twin strategy of investing in debt investments where capital can benefit from a preferred risk position and asset investments and co-investments with substantial cash flows or scope for high risk-adjusted returns. The Company is actively sourcing and analysing new investment opportunities and has the agility and financial reserves to capitalise on those that meet its investment criteria. Our improving earnings and enhanced cash reserves position the Company strongly for continued progress in the year ahead." Highlights include: -- NAV per share 113.2p: 31 March 2015 (107.0p: 31 March 2014) -- Adjusted earnings per share of 7.5p for the year ended 31 March 2015 (40% up from prior year 5.3p) -- Continued earnings growth: income from core and non-core investments, both equity and high yield debt continue to add to the Group's earnings position -- Declaration of an increased dividend of 0.6p per share, expected to be paid on 17 July 2015
cwa1
27/4/2015
13:34
More positive Spanish news. "Spain's government has raised the country's official growth forecast for the second time in two months, with the economy now expected to expand by 2.9 per cent this year. Mariano Rajoy, the prime minister, said the revised forecast meant that Spain was on track to become the fastest-growing large economy in the eurozone in 2015, writes Tobias Buck in Madrid." http://www.ft.com/fastft
scburbs
27/4/2015
09:59
Interesting comparison on Spanish shopping centre prices (4% down on 2011). The Pinto one is also south of Madrid, ARTL's one looks better location wise in Rivas-Vaciamadrid which is closer to Madrid and has strong population growth. "London-based private equity firm Doughty Hanson is finalising the sale of two shopping centres in Spain for a reported €115m, around €5m less than it paid for them four years ago." hxxps://www.pie-mag.com/articles/9553/newsletter/44808,ac7abbb9d3f6e58f9879cacec1615c974f4c0d19,ed11ab4a8b9d7e177d355e0fe3e8b4b10eaafe07,1887d9fe72113e02de1ed4c1cd0e8799d6468c05 "Doughty Hanson & Co Real Estate acquires two shopping centres in Spain 01/03/2011 Doughty Hanson & Co Real Estate, one of Europe’s leading private equity real estate investors, has acquired two shopping centres from Sonae Sierra for €120m. Plaza Éboli is a neighbourhood shopping centre located in Pinto, one of the main towns in the southern Madrid metropolitan area. It was completed in 2005 and occupies a commercial area of over 31,000m2. El Rosal is a regional shopping centre located in Ponferrada, a town in the western province of León in north-west Spain. It was completed in 2007 and has a gross lettable area of over 50,000m2." hxxp://www.doughtyhanson.com/real-estate/news/2011/01-03-2011.aspx
scburbs
01/4/2015
15:43
Good to see after a few weeks.
battlebus2
01/4/2015
15:37
Spread narrowed late today..at one stage you could buy at .65 and sell at .651
badtime
31/3/2015
12:24
TD Direct Investing, new name for TD Waterhouse, will trade. Today is the last day of the financial year for ARTL. My guess is the NAV will be higher than 109.1p announced for 31 Dec 2014. Ground rent portfolio is almost certainly to have risen in value. Direct property values probably up. Small loss for net Euro exposure. Gross income should be higher than fees and dividend payments. My guess is about 111p for year end reported NAV. Anyone else want to have a guess at the reported year end NAV to be announced probably sometime in June? I wonder if they will raise the dividend, they can afford to.
sharpshare
31/3/2015
08:35
FWIW, both iDealing and Selftrade giving live quotes at the moment. Only tried for 10,000 though. Both quoting 64.99P.
cwa1
31/3/2015
08:33
Cerrito, Looks like some brokers are not allowing Specialist Fund Market stocks. A few got the same issue with MVI.
tiltonboy
31/3/2015
08:27
I tried to buy some on Barclays on line but was told could not trade it; there have been trades today I note. Anyone have some insight?
cerrito
27/3/2015
11:29
Not showing ..but bought back in today
badtime
09/3/2015
16:13
Bought in at 69.5p last week, impeccable timing as ever ;o)
fozzie
09/3/2015
16:10
Not surprised to see a slight retrace given the rise but the discount is still there and will close over time imv.
battlebus2
09/3/2015
16:03
IMPT results out last week. Small improvement in LTV over the year. Increases the cushion to about 22% of the £79.9m property assets. Nice 15% yield on loan asset for next 3.75 years.
sharpshare
09/3/2015
15:57
Yes, partly due to the low liquidity investors are able to buy £1 of assets for 62p.
sharpshare
09/3/2015
13:23
Bit of profit taking .. Contrary to whatI was going to do I dipped out at 70 end of last week as I didn't like the liquidity..down much more and I will consider getting back in
badtime
04/3/2015
10:02
Further to my previous comment they are happy to take 10k online but will only let me buy 1k without putting a limit in
badtime
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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