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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Axa Property Trust Limited | LSE:APT | London | Ordinary Share | GG00BHXH0C87 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.75 | 31.00 | 32.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/6/2018 19:32 | RNS: On 21st June 2018 the Board unanimously agreed that it is in the best interests of the Company and its Shareholders to wind up the Company voluntarily in accordance with the Companies Law, appoint Linda Johnson and Ashley Paxton of KPMG Channel Islands Limited as Liquidators, and to cancel the admission of its shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. | kalkulacka | |
27/3/2018 11:04 | The update section seems to be signalling that UCI is looking for a substantial reduction. The real question is likely to be how large the consequent asset reduction is, and therefore what the true NAV is. | nicholasblake | |
22/3/2018 15:49 | So 44p for 64p NAV, but a NAV that can't be realised easily? | stuart14 | |
22/6/2017 20:07 | AXA must employ numerates who can add up. They are not doing their job properly & Fee deduction would get them concentrating. | atholl91 | |
22/6/2017 10:20 | WTF! AXA PROPERTY TRUST LIMITED (a closed-ended company incorporated with limited liability under the laws of Guernsey with registered number 43007) REDEMPTION ANNOUNCEMENT (AMENDMENT) Following the restated NAV as at 31 March 2017 issued on 21 June 2017, the redemption announcement released by the Company on 12 June 2017 has also been amended to reflect the restated NAV per share as at 31 March 2017: 1) The Redemption Price per Share will now be 66.67 pence by reference to the restated NAV per share as at 31 March 2017, compared with the previously announced Redemption Price of 70.26 pence. 2) Approximately 26.42% of the Company's issued share capital will now be redeemed, compared with 25.07% previously referred to. All other information disclosed in the redemption announcement issued on 12 June 2017 remains unchanged, including the total amount, and the equivalent amount per Share, to be returned to Shareholders. | davebowler | |
21/6/2017 18:01 | The Redemption Price per Share will now be 66.67 pence by reference to the restated NAV. | kalkulacka | |
21/6/2017 18:00 | Original NAV 70.26p Restated NAV 66.67p | kalkulacka | |
12/6/2017 09:47 | Yes, very useful to keep us going until they sell the final property. Can't be long now...... | redhill9 | |
12/6/2017 09:05 | Nice redemption announced at 70p/share. | deadly | |
01/6/2017 15:03 | 30 May 2017 AXA Property Trust Limited Net Asset Value 31 March 2017 (Unaudited) FUND NAME NAV PER NET ASSET VALUE NAV DATE SHARE (GBP000s) AXA Property Trust Limited 70.26p 22,347 31 March 2017 Company website: retail.axa-im.co.uk/ | davebowler | |
23/3/2017 14:10 | Prospects The Manager continues to work on the sale of the last remaining property, the Multiplex cinema complex outside Bergamo, east of Milan. A number of interested buyers have come forward over the last year but it has not been possible to convert such interest into an acceptable sale transaction. The holding is a modern purpose designed building next to a busy shopping centre, and the Company receives, contracted for nearly 8 years, rental income from a major film distribution organisation.(UCI Italia) The Board, the Manager and their agents, believe it is in the interests of the shareholders to persist in the marketing campaign and not adopt a "forced sale" approach. As this process could well continue for some time the Board, over the next few months will review the various options available to minimize the Company's expenses Charles Hunter Chairman 21 March 2017 | davebowler | |
21/3/2017 17:57 | No sign of the Half Year Report that according to the NAV announcement on 28 Feb would be released in the "next few days". Hopefully the delay is due to news on the sale of the Italian property. | culver | |
21/2/2017 07:32 | I may buy some if it goes a bit lower | robizm | |
20/2/2017 21:03 | someone bought 200k at 65p; seems they forgot the redemption date. | deadly | |
16/2/2017 12:59 | So, if you bought today, would you have 44% redeemed? I believe the answer to that is "Yes" (subject to it actually being 44.74%) but you should check with your broker if unsure. Sorry, I don't understand the first part of your comment. My understanding of the RNS is that at close of business on the record date 17 February 44.76% of any shares held will be redeemed for 71.4p per share on 1 March. The remaining 55.24% of shares held will convert to a new ISIN at market opening on 20 February (although some brokers will take longer to process - I'm thinking here of Barclays in particular). | redhill9 | |
16/2/2017 12:18 | Ex dates are normally Thursday while record is Friday. So, if you bought today, would you have 44% redeemed? | langland | |
16/2/2017 11:22 | I don't think so - the record date is close tomorrow. Fro the RNS: EXPECTED TIMETABLE Redemption Announcement date 02 February 2017 Redemption Date, Redemption Record Date, 17 February 2017 (close of expiry of Old ISIN business) New ISIN enabled, CREST Accounts credited 20 February 2017 Payment of proceeds date 01 March 2017 | redhill9 | |
16/2/2017 07:05 | Presumably the price will be ex the redemption today. | langland | |
13/2/2017 16:18 | To nibble or not to nibble, that is the question. Whether 'tis nobler in the mind to take the cash or to buy more, bank the 7p per share difference in the redemption price for 44 per cent of the shares and be left with a single Italian asset. Just not quite sure there's enough margin of safety here in advance of knowing the results position. | nk104 | |
03/2/2017 16:04 | Thanks Redhill. Look forward to seeing the Interims out end Feb which should give indication of NAV including cash remaining and value of remaining property. | atholl91 | |
03/2/2017 11:51 | atholl91, I suggested something in excess of 50% so the distribution 44.76% is lower than I guessed could be afforded. I was estimating the respective ratios of the three asset components of Rothenberg, Curno and Cash/Debtors/Credito I'm not unhappy as the distribution per share of 71.4p is top-end of what might have been expected, and the previous APT comments on 31 October about anticipating a sale of Curno (the one remaining property) within 12 months is encouraging for the prospect of another significant distribution this year as either a final payment or one that settles most of the remaining asset value. It was possible to buy APT at 64p for the first couple of hours yesterday before the market worked out the figures - arguably a bargain in the circumstances. | redhill9 | |
03/2/2017 09:41 | Redhill, re 622 post shouldn't redemption have been 10/15% higher? | atholl91 | |
02/2/2017 17:12 | delayed reaction to the news, but a few buys later. | deadly | |
02/2/2017 11:01 | LSE:APT OKSearch Axa Property Share News (APT) 5 Follow APT Share Name Share Symbol Market Type Share ISIN Share Description Axa Property LSE:APT London Ordinary Share GG00BD5J7902 ORD NPV Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade -0.50p -0.80% 62.00p 62.50p 65.00p 64.00p 62.00p 64.00p 77,458.00 10:17:49 Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Real Estate Investment & Services 0.0 1.6 2.1 29.8 35.70 Alert AXA Property Trust Redemption 02/02/2017 7:00am UK Regulatory (RNS & others) TIDMAPT AXA PROPERTY TRUST LIMITED (a closed-ended company incorporated with limited liability under the laws of Guernsey with registered number 43007) REDEMPTION ANNOUNCEMENT Further to the passing of the Special Resolution by the requisite majority at the Extraordinary General Meeting held on 27 February 2014 and the powers therein granted to the Board, the Company will return approximately GBP18.4 million to Shareholders, equivalent to approximately 31.96 pence per Share, on 17 February 2017 (the "Redemption Date") by way of a redemption of a proportion of all Shareholders' holdings of Shares (the "Redemption"). Words and expressions that were defined in the Circular posted to shareholders on 4 February 2014 (the "Circular") shall have the same meaning where they are used in this announcement, except where the context requires otherwise. The Redemption Price per Share shall be 71.40 pence, by reference to the NAV per Share as at 30 September 2016. The Redemption will be effected pro rata to holdings of Shares on the register at the close of business on the Redemption Date. Approximately 44.76% of the Company's issued share capital will be redeemed on the Redemption Date (that is approximately 44.76 Shares for every 100 Shares held (the "Relevant Percentage")). Fractions of Shares will not be redeemed and so the number of Shares to be redeemed for each Shareholder will be rounded down to the nearest whole number of Shares. Following the completion of recent real estate sales as part of the Company's disposal programme more fully described in the Circular, the Company currently has approximately GBP18.4 million in unallocated cash, making this an appropriate time to distribute to Shareholders the unallocated cash. Further redemptions will be issued as cash reserves are made available for distribution. The costs and expenses of this Redemption are estimated not to exceed GBP7,500, equivalent to approximately 0.01 pence per Share being redeemed. The Company currently has 57,577,470 Shares in issue of which none are held in treasury. All of the Shares redeemed on the Redemption Date will be cancelled. A further announcement will be released following the Redemption Date to confirm the new number of Shares in issue. The Shares will be disabled in CREST on the Redemption Date and the existing ISIN, GG00BD5J7902 (the "Old ISIN"), will expire. A new ISIN, GG00BDC40227, in respect of the remaining Shares which have not been redeemed (the "New ISIN") will be enabled and available for transactions from and including the first Business Day following the Redemption Date. Up to and including the Redemption Date, Shares will be traded under the Old ISIN and as such, a purchaser of such Shares will have a market claim for a proportion of the redemption proceeds. CREST will automatically transfer any open transactions as at the Redemption Date (which is the record date for the purposes of the Redemption) to the New ISIN. Payments of redemption proceeds are expected to be effected either through CREST (in the case of Shares held in uncertificated form) or by cheque (in the case of Shares held in certificated form) within 8 Business Days of the Redemption Date. Shareholders will be paid their redemption proceeds in Sterling. EXPECTED TIMETABLE Redemption Announcement date 02 February 2017 Redemption Date, Redemption Record Date, 17 February 2017 (close of expiry of Old ISIN business) New ISIN enabled, CREST Accounts credited 20 February 2017 Payment of proceeds date 01 March 2017 | davebowler | |
02/2/2017 08:42 | Redemption Announcement Redemption Date - 17 February 2017 The Redemption Price per Share shall be 71.40 pence Approximately 44.76% of the Company's issued share capital will be redeemed Payment of proceeds date - 01 March 2017 | kalkulacka |
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