Capital & Regional Share Discussion Threads

[spec7] 10/9/2009 17:18

Nice little directors buy to end a reasonable day.
I have to admit i was wrong about the share price today. I really thought this would be sub 30p. The huge dilution of shares seems to have had little effect on the overall price and the quick profit takers didn't really materialise either.
Not grumbling and happy to hold :-)

[cyberbub] 10/9/2009 16:11

kibes, surely the £18M management fee is not 20p per share any longer, with this big dilution?

I am encouraged though that we have not ( yet :-/ ) dropped lower, even though 90% of people must have got their shares fully cleared by now. Hopefully there will be some more upside in these - let's see tomorrow!

DYOR

[kibes] 10/9/2009 15:40

santori, post dilution from the offer document

Basic NAV per share 33p
Triple net diluted NAV per share 32p
EPRA diluted NAV per share 41p

However, the above takes no account of the property management business which manages £3.2 billion of property on behalf of the funds which CAL co-invests in and currently has fee income of around £18 million/annum. Since this earnings business is handled by teams who are working for CAL anyway it seems to me this sum must go through almost straight to the bottom line. In that case it must be worth perhaps 20p/share on top of the NAV but perhaps someone has a better idea?

In previous years the fee income also included a performance element. In 2006 the overall fee income totalled £90 million due to fund outperfomance, so there is clearly a lot of potential upside here if property values do recover.

[utsushi] 10/9/2009 14:02

Post dilution, could someone fill me in with the revised NAV.TIA.

[cyberbub] 10/9/2009 13:23

PS just checked and my shares have now come through, but I ain't selling yet!

[cyberbub] 10/9/2009 13:22

Spec7, that's exactly what TDW did to me!

[typo56] 10/9/2009 12:58

cyberbub, of those 50% of brokers how many are actually Selftrade?

I ask because I believe the Lloyds online broking is Selftrade.

[kibes] 10/9/2009 12:54

Got my shares in my Crest account at 10 am today and am holding on to them. Also have closed my short which I opened at 40p to hedge the position, so here's hoping they go up from here. Looks like a bottom has formed on the chart, bearing in mind huge gains seen recently with the likes of QED and MNR I think we could reasonably hope for 50p quite soon here.

[painter] 10/9/2009 12:40

blackwel - 10 Sep'09 - 13:05 - 1466 of 1468

Check back on your statement they should have taken your money on 2nd of Sept.

Good luck if they did not

[boobly] 10/9/2009 12:25

......LOL !.....You`re not wrong !!!

[cyberbub] 10/9/2009 12:22

It really is amazing that it seems that at least 50% of brokers have either made blatant errors or become very confused, over what should be a straightforward share issue. Incompetence reigns!

[blackwel] 10/9/2009 12:05

just to add to the confusion, selftrade told me this morning that because my shares were subject to a market claim it may be up to 14 days before i get them,
i got them an hour ago but they havent taken the money for them??

free shares ...happy days (i wish)

[g2am] 10/9/2009 11:33

Proothi12 I got mine last week, it seems strange you don't have yours yet

[painter] 10/9/2009 11:22

sja123 - 10 Sep'09 - 08:27 - 1442 of 1463
Selftrade tell me this morning that my shares will not be credited to my account until next week!!

I use Selftrade and my shares were not there this morning. I emailed them
at 08:15 and they were credited at around 11:55.

Try emailing!

[the big fella] 10/9/2009 11:10

I always thought you were suppossed to run your profits and cut your losses. If you ignore the spike on the chart these are set for a decent run north no matter what a few small PI's do.

[wimbled] 10/9/2009 11:05

open offer shares received at 11:52 hrs.
sold at 11:55 hrs. sorry had to take big profit.

warning there maybe more. always take profit

[cyberbub] 10/9/2009 10:06

That would be nice boobly!

I haven't got my shares either yet, contacted TDW and they told me they would "probably" be in my account today but it could be as late as tomorrow. When I asked about the 8AM 10th Sept in the timetable they pointed out that it says "on or around" :-(

[boobly] 10/9/2009 09:53

L2 Looks quite fruity :

4 x 95000 @ 37p V`s 2 x 18385 @ 37.75p

Would not be surprised to see this shoot north again now that the funding is in place and the new shares have been issued .
GL All!

[typo56] 10/9/2009 09:45

Okay, PP. Sounds like someone at Lloyds was confused about eligibility on the phone. Perhaps they meant that you'd missed the acceptance date. Hope you get it cleared up anyway.

[bunky3] 10/9/2009 09:40

same as you proot. will no doubt be there soon. im not selling anyway

[proothi12] 10/9/2009 09:31

anyone had their shares yet???? I have paid for them but they do not appear in my TDW account. Any confirm pls

[puchpilot] 10/9/2009 09:30

Typo56. It is Lloyds that are telling me that I am not eligible for the open offer, because the settlement date falls after the eligibility date for the open offer. They told me this by telephone yesterday when I was querying why the money for the o/o had not been removed from my account.
Despite the above, during the o/o process, Lloyds sent me an e-message to say I was entitled to the open offer. I accepted this offer prior to the deadline. My problem is that this message is missing from my inbox and I know that I didn't delete it and Lloyds are saying it was never sent. Just feel like I am being scammed, although I am sure it is an error on their part. I can't answer your question about Selftrade

[typo56] 10/9/2009 09:17

PP, yesterday you said:

I bought CAL on 18th Aug with settlement date on 21st through Lloyds Stockbrokers. Sold holding on news of open offer on 20th. Eligibility date 5:00p.m. 19th Aug. Lloyds are saying I am not eligible for open offer entitlements, because my settlement date was after o/o.

That doesn't seem to be quite what you're saying now. Now it sounds like you have a dispute over whether or not you accepted the offer in time for the shares in your nominee account. That's a different matter.

Am I correct in thinking Lloyds online trading is in effect Selftrade nowadays?