Alpha Real Share Discussion Threads

[battlebus2] 12/2/2016 07:54

Yes it's a bit of a diversification but still it's 9% return.

[skyship] 12/2/2016 07:51

Anyone else think this one a bit odd? Looks like a bit of a departure from their normal business model...

[skyship] 26/12/2015 11:54

£ goes a long way versus the Rand nowadays. Fleetingly heard we lost the toss....AGAIN!

BT - Yes, wet & windy at night; bright & sunny at the moment so a beach walk beckons - help to blow away yesterday's excess...

[badtime] 24/12/2015 23:59

Give them a cheer for me Tilts!Sky u r having better weather than my weekend trip!

[tiltonboy] 24/12/2015 15:47

SKY,

Been here since Sunday. Ridiculous prices, and struggling to spend too much money. Two evening meals and three rounds of beer (yes Mrs tiltonboy matches me pint for pint), and you are looking at less than £20. Test match tickets at £4 per day!

[skyship] 24/12/2015 13:33

Bonne Voyage...

Down in Cornwall the sun is shining, the sky is blue and the bottle bank already under siege...

Happy Christmas to all.

[badtime] 24/12/2015 11:32

South Africa?

[tiltonboy] 24/12/2015 10:41

I'm off to Kingsmead!

[badtime] 24/12/2015 08:54

Thought u'd be off to Sheffield Boxing Day

[tiltonboy] 24/12/2015 07:46

SKY,Seeing what is going on in Brum and the surroundings, I believe RLE have superior growth prospects in the medium term.bt,Yes continue to hold.Forecasting thunderstorms here on Christmas day, so hope it clears up for Boxing day!

[rj allen] 23/12/2015 21:27

Good results but the managers are also responsible for the disaster at Alpha Pyrenees

[badtime] 23/12/2015 19:42

Happy Christmas to both of you boys!PS Tilts you still holding Rothchilds 9% bonds?

[skyship] 23/12/2015 19:10

Hmm...prefer UAI to RLE. Some pretty chunky director buys yesterday.

Likewise...All Health & Happiness to all for Christmas and the New Year.

[tiltonboy] 23/12/2015 18:20

Surely that would have only taken you up to near your max%....

I would also have taken a slug at that price, but equally happy for the company to buy them back in.

Wishing all holders a merry Christmas and a happy and healthy New Year. Anything else would be a bonus!

p.s. 2015 has been a great year for my prop co's, and I'm expecting 2016 to be very much the same.

LXB, then LSR, with ARTL, and RLE to be slow burners but good performers.

[skyship] 23/12/2015 17:51

940K @ 75p. I would have paid that seller 77p, perhaps 78p for re-entry. But also perhaps not for the full 940k!

[badtime] 23/12/2015 09:06

Thanks Sky that will explain yesterday

[skyship] 23/12/2015 08:41

22 December 2015

TRANSACTION IN OWN SHARES

Alpha Real Trust announces that on 22 December 2015 it purchased 940,000 ordinary shares of no par value ("Ordinary Shares") at a price (before expenses) of 75 pence per share. Of the purchased Ordinary Shares 506,214 shares will be cancelled and 433,786 shares will be held in treasury.

[badtime] 22/12/2015 10:15

Some chunky offloads today

[scburbs] 09/12/2015 20:08

Looks like a great deal if they can go back and get a consent similar to the one that lapsed.

[scburbs] 04/12/2015 10:51

No sign that the AURE loan which expired on 24 November 2015 was repaid. Assuming it wasn't repaid this is set to generate a rapacious 12% over the next year (9% interest, 2% extension fee, 1% exit fee) on a loan between 40% and 60% LTV!

[mark20690] 28/11/2015 14:27

Report in line with my expectations. The value of the H20 investment (Madrid shopping centre) has risen 40%, and now accounts for 24% of NAV. Rents at H20 do not seem to have risen substantially at this point, but I expect they will in the near future, also given that rents are partly linked to tenants' turnover. The latter are on the rise, supported by the current macroeconomic picture in Spain.

Revenue profit is now about 6p per share, corresponding to a p/e of just below 14. This means the company earns enough from operations to keep the dividend rising. I expect a dividend rise of 10 to 20% next spring. This will contribute to reducing the share price's discount to NAV which is still more than 30%. ARTL now trades at a multi-year high but I expect it to go further. Catalysts will be the possible realisation of the Indian investment, rising rental income from the Spanish shopping centre (which is still highly geared even after the recent steep appreciation) and further deployment of ARTL's cash pile. Capital risk is receding as the LTV ratio of all of ARTL's investments is decreasing, and in the meantime it is being paid high rates of interest for its loans.

[davebowler] 25/11/2015 13:38

Just bought some more.

[davebowler] 20/11/2015 10:55

ALPHA REAL TRUST ANNOUNCES ITS HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2015

Highlights include:

-- NAV per share 123.5p: 30 September 2015 (113.2p: 31 March 2015)
-- Adjusted earnings per share of 3.0p for the six months ended 30 September 2015
-- Declaration of a dividend of 0.6p per share, expected to be paid on 18 December 2015
-- H2O valuation has increased by 7% (on an underlying Euro basis) to GBP71.5 million (GBP65.5 million March 2015), aided by asset management initiatives, including an improved tenant mix and physical upgrades undertaken by ART

-- H2O: the Madrid shopping centre attracted record visitor numbers in the first nine months of 2015

-- Capital recycling of the mezzanine loan to Europip; ART's loan position has reduced from GBP4.3 million to GBP0.6 million since the date of loan extension in November 2014

-- Investment of GBP3.2 million for the purchase of a 20.5% shareholding in Active UK Real Estate Fund plc, a company with a high yielding, diversified, UK commercial real estate portfolio

-- Investment of GBP2.1 million for the purchase of Unity and Armouries, a central Birmingham predominantly residential development site with planning consent for 90,000 net developable square feet in 162 residential apartments with ground floor commercial units. The project has a potential gross development value in excess of GBP25 million. This new investment targets the increasing growth opportunities identified in the Private Rental Sector ("PRS") residential market as a result of rising occupier demand and an undersupply of accommodation

-- Active leasing in both directly and indirectly held investments points to improving occupier demand and potential for rental growth

-- 94% of the Company's portfolio is allocated to investments in the UK and Europe that are or will be income producing in the near term

David Jeffreys, Chairman of Alpha Real Trust, commented:

"ART's direct and indirectly held equity investments in real estate continue to perform strongly. This is evident both in the UK and in other markets across Europe.

ART's active management approach has helped deliver improvements in underlying asset values, in both directly and indirectly held investments, across our investment markets.

The Company is actively seeking to increase the yield and underlying capital value of its portfolio by enhanced performance from existing investments, asset management initiatives and by additional investment, funded from its cash and liquid holdings, strong cashflow and capital recycling.

The Company's portfolio provides a balance of stable high yielding investments and investments that offer scope to deliver strong cashflows and high risk adjusted returns. The acquisition of ordinary shares in AURE and of the Unity and Armouries private rental sector residential development in Birmingham demonstrate our innovative approach to secure assets that meet our selective investment criteria.

The improving economic backdrop and increased investment market activity and pricing has allowed ART to continue to improve its portfolio mix.

ART continues to actively source new investment opportunities and has the agility and financial reserves to capitalise on those that meet its investment criteria. "

The Investment Manager of Alpha Real Trust is Alpha Real Capital LLP.

[battlebus2] 20/11/2015 10:12

Yes very cheap, I'm back in this morning.