Axa Property Share Price (APT)

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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 Shares Traded Last Trade
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  0.00 0.0% 31.75 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
31.00 32.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 0.16 0.47 67.6 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 31.75 GBX
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Axa Property (APT) Latest News

Axa Property News

Date Time Source Headline
19/1/202312:36UKREGWorsley Investors Limited Director/PDMR Shareholding
10/1/202313:09UKREGWorsley Investors Limited Holding(s) in Company
15/12/202207:00UKREGWorsley Investors Limited Half-year Report
18/11/202207:00UKREGWorsley Investors Limited Net Asset Value(s)
10/11/202216:40UKREGWorsley Investors Limited Second Price Monitoring Extn
10/11/202216:35UKREGWorsley Investors Limited Price Monitoring Extension
09/11/202207:00UKREGNorthamber PLC Holding(s) in Company
12/10/202215:41UKREGWorsley Investors Limited Second Price Monitoring Extn
12/10/202215:36UKREGWorsley Investors Limited Price Monitoring Extension
04/10/202215:40UKREGWorsley Investors Limited Second Price Monitoring Extn
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Axa Property (APT) Discussions and Chat

Axa Property Forums and Chat

Date Time Title Posts
26/3/202010:13Axa Property698

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Axa Property (APT) Top Chat Posts

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Posted at 04/2/2023 08:20 by Axa Property Daily Update
Axa Property Trust Limited is listed in the Real Estate Investment & Services sector of the London Stock Exchange with ticker APT. The last closing price for Axa Property was 31.75p.
Axa Property Trust Limited has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 20,758,441 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Axa Property Trust Limited is £6,590,805.02.
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Posted at 30/5/2019 17:02 by redhill9
n1mgn, I'd suggest its a combination of the one asset not being easily liquid and uncertainty over the future direction of the company.

I'm holding a few shares as the residue after the many share redemptions over recent years and will just wait to see what happens. Not sure I'd be buying though.
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Posted at 28/2/2019 10:41 by nicholasblake
Good to see uplift in NAV at half: https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/APT/13982595.html
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Posted at 18/2/2019 09:44 by n1mgn
hi Chaps has anyone received the funds from the share buy back ? many thanks in advance
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Posted at 07/2/2019 20:16 by horndean eagle
Yes. A change will require 50% and given he got voted on board it is likely he would win again. Whether APT directors will let it get as far as fighting it is another matter. I really don't like what they are proposing but I fear we are going to legged over.
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Posted at 15/1/2019 17:11 by redhill9
Something to keep us going - redemption on 29 January of 11.3% of shares at NAV of 45.39p. Very welcome.



REDEMPTION ANNOUNCEMENT

Further to the powers granted to the Board by:

1) the passing of the Special Resolution to change the Investment Objective by the requisite majority at the Extraordinary General Meeting held on 26 April 2013, and

2) the passing of the Special Resolution to amend the Articles of Association of the Company by the requisite majority at the Extraordinary General Meeting held on 27 February 2014,

there is approximately £1.2 million in unallocated cash now available for distribution to Shareholders as a result of the ongoing, managed wind-down of the Company through asset disposals and corporate re-structuring. The Company will return this amount, equivalent to approximately 5.13 pence per Share, to Shareholders on 28 January 2019 (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 “Circular̶1;) 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 45.39 pence, by reference to the NAV per Share as at 30 September 2018. The Redemption will be effected pro rata to holdings of Shares on the register at the close of business on the Redemption Date. Approximately 11.3% of the Company's issued share capital will be redeemed on the Redemption Date (that is approximately 11.3 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. (continues)
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Posted at 14/1/2019 13:12 by jeangl
As you may have seen, a certain Mr Nixons is looking to take over the vehicle, which we can only assume he will loot at the expense of “normal” shareholders once in charge (black box mandate, undetermined fees, no return of capital as planned currently etc). First step: EGM in a week (23Jan), in which he seeks to be appointed as director. People who share my view, should imperatively vote their shares ASAP against this directorship appointment resolution.
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Posted at 04/11/2018 18:33 by nicholasblake
HE, The group will take a loss on Curno but if by way of an asset sale the sub which owns it could make a taxable profit if it owned the asset BEFORE APT bought the sub.
IMO the bigger point is that with a continuing mandate and a refreshed board a price closer to 2017 book value ought to be on the cards, which would push NAV/share (prior to any CGT)above 50p.
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Posted at 02/11/2018 14:17 by redhill9
Just been looking at the June annual figures reported a few days ago.

I calculate that cash (after allowing for debtors, creditors and provisions) equates to a tad over 12p per share out of the NAV of 45.68p, so around 33.6p of the NAV relates to the property value.

With share price at current 36p that suggests the property is in the share price for only around 24p, a discount to NAV of 29% (assuming cash continues at same level, i.e. rental income covers costs). Also assuming after the massive write-down in value that the property is fairly valued in the NAV, and with the prospect of an up-rate when the lease is re-negotiated with a sale then increasingly likely, this looks like a strong hold?
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Posted at 01/11/2018 11:01 by jgh03
Reaching 30% would be very significant. According to the City Code on Takeovers and Mergers, "When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced."
Source: hxxp://www.thetakeoverpanel.org.uk/the-code/download-code

Whether there is scope to adjust the price offered downwards in the light of capital redemptions I don't know.
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Posted at 02/2/2017 11:01 by davebowler
LSE:APT
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Axa Property Share News (APT)
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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
Print
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
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