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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alpha UK Multi | AUMP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 70.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 70.00 | 70.00 |
| Top Posts |
|---|
Posted at 03/1/2014 09:35 by ydderf Most of the 2014 property predictions I have read are for a recovery, UBS for example:" UK commercial real estate values remain 36% below the 2007 peak, and are up 18% since the July 2009 trough. We expect capital value growth to gather momentum in 2014. Meanwhile we expect rental growth to return this year, backed by an improving economic backdrop. The initial yield on the UK property sector is 6%, whilst the listed real estate sector is trading at a small discount to Net Asset Value and offers a 3% dividend yield. We expect a total return of 8%-10% for the direct real estate sector in the next 12 months." It is strange to remember that not many years ago, property companies shares sold at a premium to NAV, this usually occurs at that part of the cycle when growing investment values are out of step with the historic balance sheet valuations. Some say what goes around, comes around. You have to decide for yourselves but if premia return, then the historic AUMP NAV of £2+ would be quite a interesting benchmark........ |
Posted at 05/12/2013 11:56 by liarspoker With NAV north of 200p the current AUMP share price undervalues the company by some extent even with the high interest rates.Ben Graham said a bargain stock is a stock with at least 50% upside. I think AUMP is worth somewhere between 120-150p so it's definitely a bargain stock in my book. BTW have you guys checked out SPPC ? Another huge undervaluation. |
Posted at 11/2/2013 14:35 by toback Just musing here, a thought occurred to me following my posts above.If the BoS has already provided for a some / lot of the debt - an aspiring investor - who might see the upside and want to work with AUMP - may be able to buy the debt off the BoS. Am sure BoS are in the market for such shenanigans. Result BoS get some of their money back straight away and able to write back some of the provisions (more likely offset). AUMP either get a new long term investor or some of the debt written off. A win win all round. Fingers crossed. |
Posted at 24/8/2012 01:25 by lavagrouch i am curious about note 21'An incentive arrangement will come into effect either upon the Shareholders voting to continue or wind up the Group at a meeting of the Company to be held on or after 30 June 2013. At that time if the annual rate of return has been 15% or more for the period from 10 August 2010 until 30 June 2013, then the Investment Adviser and Manager will be entitled to 20% of the excess above that target level of return.' I had not realised there was the potential for AUMP to be wound up next year. Can anybody shed any light on this? |
Posted at 01/3/2012 12:46 by bubble pricker So AUMP will liquidate the office SPVs. I think this is good news. The impact on NAV will be minimal (about 3p), and it will remove a black mark on the finances (covenant breaches). It is great for AUMP that these distressed assets are in SPVs and the rest of the portfolio remains unaffected. Fundamental numbers will improve as a result of the liquidation. |
Posted at 07/10/2011 08:38 by opener Big discount to NAV,but gearing and no dividend the problem here. |
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