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CMGP Comm. Prop. (SEE LSE:CGA)

18.50
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Comm. Prop. (SEE LSE:CGA) LSE:CMGP London Ordinary Share GB00B1P70L34 ORD 1P (SEE LSE:CGA)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 18.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 18.50 GBX

Comm. Prop. (SEE LSE:CGA) (CMGP) Latest News

Real-Time news about Comm. Prop. (SEE LSE:CGA) (London Stock Exchange): 0 recent articles

Comm. Prop. (SEE LSE:CGA) (CMGP) Discussions and Chat

Comm. Prop. (SEE LSE:CGA) Forums and Chat

Date Time Title Posts
06/1/201010:12CMGP154

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Comm. Prop. (SEE LSE:CGA) (CMGP) Most Recent Trades

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Comm. Prop. (SEE LSE:CGA) (CMGP) Top Chat Posts

Top Posts
Posted at 12/6/2009 16:10 by smudgersm1th
baron, you are right there, me too not a ramper, but when the memorandum of understanding becomes a solid financial investment by the chinese, this share is going at some stage to become very active and is not often easy to get hold of.
Posted at 03/6/2009 09:26 by baronstjohn
Commercial Group Properties PLC

("Commercial Group", "CGP" or "the Company")

Directors' Dealings




The Company was informed on 1 June 2009 that Julie Wing, a director of the Company, had on 1 June 2009 acquired 50,000 ordinary shares in the Company at nil consideration. As a result, Julie Wing's holding in the Company is 50,000 ordinary shares representing 0.238% of the Company's issued share capital and voting rights.

The Company was also informed today that Blenheim Limited, a company which holds shares on a discretionary trust for a class of beneficiaries which includes Chris Seymour-Prosser, a director of the Company, had on 1 June 2009 disposed of 50,000 ordinary shares for nil consideration to Julie Wing. As a result, Chris Seymour-Prosser is interested in a total of 7,561,761 ordinary shares, representing 36.01% of the Company's issued share capital and voting rights.

Ends

For further information, please contact:
Posted at 12/5/2009 19:36 by baronstjohn
Why did two buys bring he price down 5p anyone have any answers
Posted at 22/4/2009 20:54 by smudgersm1th
First denial then from the bosses, I don't do porkies.

Behind the scenes share deals which we are not supposed to be privvy to are going on...why the spread ? Coz they don't want to make a market...just yet. Broker probably got a slap for movin too fast up too soon, hence the cooling off period...stick with it !!
Posted at 22/4/2009 20:42 by lbo
Meanwhile property group Commercial Group Properties extends its recent sharp rally, to the mystification of the group's bosses, who professed to know of no reason for the recent share price improvement.
Posted at 22/4/2009 15:38 by smudgersm1th
Do the Board of Directors also have any idea why the quoted share price drops on absolutely zero volume... Anyway, they're all in China at the moment..oops
Posted at 21/4/2009 16:35 by asparks
so your average price is 1.50 I assume!
Posted at 21/4/2009 16:08 by asparks
smudge - what's your average price here?
Posted at 16/4/2009 15:25 by flyingswan
Commercail Group Properties (CMGP) is rising nicely today at 57% gain does anyone know what is driving this?
I have seen similar gains in IPI and XXIC all in the property sector. I think it is the positive US property Market which may be driving the recovery in the UK and Europe.
Posted at 17/12/2007 08:37 by asparks
From The Times
December 15, 2007
Fidelity manager puts faith in property stocks as he says share values will build
James Rossiter

Anthony Bolton, the veteran fund manager at Fidelity International, is calling the bottom for property stocks and considering buying battered-down shares in housebuilders and retail companies.

Speaking to investors yesterday at the annual meeting of his £400 million Fidelity Special Values fund, Mr Bolton said that he had bought into a number of well-known UK property stocks in recent weeks. News of Mr Bolton's strategy came as a report revealed that prices of commercial property buildings had suffered a record one-month fall in November, twice as steep as the worst monthly price declines felt in 1990, at the depth of the last commercial property recession.

Values of commercial buildings fell 4 per cent in November, bringing the three-month decline to 7.25 per cent, according to the Investment Property Databank (IPD). If price falls continue at the same rate then the value of offices, shops and warehouses could be 29 per cent down in mid2008 from their peak last summer.

The share prices of Britain's six largest quoted property groups - British Land, Land Securities, Hammerson, Liberty International, Segro and Brixton – have fallen on average by 45 per cent since January.

Mr Bolton steps down from running both the Special Values Fund and Fidelity's flagship £3.2 billion Special Situations Fund at the end of the month. He has run Special Situations since 1979, producing annualised returns of 20 per cent a year.

Mr Bolton held a large weighting in property until earlier this year. British Land and Land Securities have been favoured investments.

"Now with share prices falling, I've started to add back into this area," Mr Bolton told investors yesterday. The sharp decline in quoted property stocks reflects fears that companies' underlying building assets were overvalued. This summer's credit crunch prompted the sudden withdrawal of the large numbers of leveraged buyers who had been propping up the investor market for the past two years. Their sudden absence caused investor demand to slump and capital values to fall, even though the rental market across offices, retail and industrial has held up.

But price falls of individual assets, even after the release of yesterday's IPD figures, are still far shallower than the declines marked down on property stocks, many of which have halved this year. This discrepancy has presented a buying opportunity for Mr Bolton and the Fidelity funds he runs.

Mr Bolton added: "It discounts a big drop in property values, and in some areas it overdiscounts that."

Housebuilding stocks, meanwhile, have on average lost 50 per cent from peaks hit between February and April this year, reflecting fears that the housing market is set to crash.

While house price inflation has ground to a halt and sales volumes for the big firms have fallen between 10 per cent and 17 per cent since October, there are no signs yet that housebuilders have cut asking prices.

Property stocks are trading at discounts of 30 per cent to 50 per cent of their latest net asset per share valuations (NAV) – a core way of measuring the underlying worth of a property stock. Property companies are expected to write down their NAVs by up to 10 per cent over the coming months, reflecting the falls recorded by IPD. Housebuilders were trading at the start of the year on multiples of between 1.5 and 2 times their NAV but are now trading near par.

Barratt Developments bought Wilson Bowden in February for £2.2 billion, equivalent to 1.9 times NAV, including goodwill and valuing the enlarged group at £4.8 billion. Today Barratt has a market value of only £1.67 billion and this week fell out of the FTSE 100 index.
Comm. Prop. (SEE LSE:CGA) share price data is direct from the London Stock Exchange

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