Braime Share Discussion Threads

[herschel k] 31/3/2010 14:59

tara,

only if you can sell it.

which you can't.

I'd lay odds on that they will submit a revised application for the site prior to expiry of the existing permission and that the value of the land will suffer significantly as a result.

H

Edit: Planning hasn't been approved yet?! WTF?! How can you suggest valuing land without a permission in the same manner as that with, irrespective of how implementable it is or not? LOL!

[knitcraft] 31/3/2010 14:54

Tara
Rubbish. Planning HAS NOT been given as yet anyway.

[tara7] 31/3/2010 14:52

The site is in for free, The land is in my view worth 10k per plot, a 2 bed will still get 85K and can be built for 50k can it not.

[knitcraft] 31/3/2010 14:51

Yes Yes I agree, as stated in earlier posts!

[herschel k] 31/3/2010 14:48

knitcraft,

that is only if tara is pinning her hopes/evaluation on the site having planning for 700 apartments.

if the company does something else within its core business to create value, then there may be a chance of share price growth over a shorter term.

but the site itself is, in practical terms, worthless at present - why do you think they say "it is unlikely a realistic offer will be forthcoming in the forseeable future"?

H

[knitcraft] 31/3/2010 14:45

Thanks for confirming my exact thoughts Herschel.

[tara7] 31/3/2010 14:17

ITs in the share price, you need help Knitcraft.!!! P/E of 4 growing at 30% plus a year, sat on 700 building plots. Whole company is valued at just £4m.!!

[foodcritic] 31/3/2010 14:00

Ok thanks for info next time I'm at Asda HQ I will take a look.

[knitcraft] 31/3/2010 13:20

The group, which employs about 100 staff in Leeds, plans to leave the five-acre site in Hunslet Road but said that owing to the downturn, which has seen developments mothballed and housebuilders scale back, it is unlikely a realistic offer will be forthcoming in the forseeable future.Finance director David Brown said the site, which has planning permission for about 700 apartments, could fetch between 5m and 16m."We're rattling around in here," he said. "It's old, there's a lot of maintenence, and we're within less than a mile of the city centre."It really is essential to relocate the business to get it into a more sensible size of operation"

Probably worth the lower end of that value.

[knitcraft] 31/3/2010 13:17

The planning was given 2 years ago and is fully priced into share price It is subject to final planning consent being given by Leeds City Council.

[tara7] 31/3/2010 13:10

Go to Yorkshire Post and put in Braime land sale.

[tara7] 31/3/2010 13:09

Knitcraft, not nice, its a fact in the papers , and in the accounts of the company.

[knitcraft] 31/3/2010 13:06

Absolute rubbish Tara.

[tara7] 31/3/2010 13:05

Site they work from [own ] in Leeds has old buildings with planning for 700 flats, they now only use a tiny bit of the site for production.

[foodcritic] 31/3/2010 13:03

Sorry knitcraft I don't know of the building plots? Only scanning through at the moment, tara7 could you provide more info on this? I know I am being lazy, but won't have time to do research for a few days now.

[knitcraft] 31/3/2010 12:59

Well we all know that now, please don`t repeat it. If you do, we will all know you are pumping it up.

[tara7] 31/3/2010 12:57

Oh and the 700 building plots come in for just about free.!!

[tara7] 31/3/2010 12:56

Well on a pe of 4 i do not think its a great worry, directors say the intend to lift the divi as profits go up. If you look at the company, once the loss making side stops,[this year] we should get a huge jump in profits.

[knitcraft] 31/3/2010 12:56

Tara now in. Watch the ramping start.
No stock available. Each buy takes it up 5 or 10p.
Gets to 150p Tara out, everyone left holding the baby. Shame.

[foodcritic] 31/3/2010 12:51

Agree tara7 great little company, net cash, increasing div, main focus on exports at the right time. Spread is horrible though, still mulling it over........

[tara7] 31/3/2010 12:12

First buy of the day showed up on results.

[tara7] 31/3/2010 09:54

This is a rock solid 100 year old company, growing , profits, dividends, on a very low pe and sat on 700 building plots. Even you can not point to risk here, CAN YOU ?

[knitcraft] 31/3/2010 09:51

What about CPL. totally comatose without your ramping.