Equable Prop Share Discussion Threads

[bubsy2] 30/3/2007 16:56

theres no way these will be here monday at this level the guys a genius in the past with some other investments say no more good volume today as well for a new tiddler

[kneath] 30/3/2007 16:35

Hupgowat / 5dally: As I said in my above post "Given the smoking ban, in the short-term this can only get even worse". The fact is, in Ireland the smoking ban did adversely impact 'in the short-term'. Weatherpoons have already produced their update and clearly stated that in Scotland, the no-smoking ban had hit their profit line. It takes some-time for the benefits of non-smoking to realise. Unfortunately, bottom end pubs tend to be managed by bottom-end managers with bottom-end skills. Given the rents they pay and the low GP they deliver due to small vol throughput, they barely break-even. They are not in the postion to invest in upgrading their kitchens to a level satisfied by the EHO to look for the obvious alternative forms of revenue i.e food. They will simply go bust but only after months of no-payment of rent.

Given the industry in which we now communicate I would imagine that your profile would not endear you to the sort of pubs that you can buy for £475,000. Not nice. If you are suddenly conjuring the image of Country Taverns, Harvesters, Toby Restaurants, Farmhouse Inns and the like, think again. Each of those would have a price tag in excess of 1.5m - and that woould not be a particularly successful one. Think more of a rough & knackered Rovers Return for £475000

[5dally] 30/3/2007 16:12

Kneath I dont see the smoking ban as a problem, if you look at Ireland this ban was taken like a duck to water, everyone just got on with it, plus the Pubs that had the outside space set up a covered area.IMO and DYOR
hupgomwat point taken

[pre] 30/3/2007 15:59

didn't any pi's get in at 1.4p?

[jarvisd4e] 30/3/2007 15:58

5dally 2.7p

[hupgomwat] 30/3/2007 15:54

Thats the rub, where it will go right....smoking is bad for you and I will be one of many in a pub for the first time in years....as now, my clothes and hair won't stink of others, disgusting reek!!!

[kneath] 30/3/2007 15:47

Point of concern. If the portfolio of 10 pubs was bought at approx £4.75m(inc shares), that values each at £475,000. If they were bought as a going concern, an element of that value will be in the price paid. Having spent 22 years in the pub game, my view is that these are bottom-end pubs, which will be radically affected by the imminent change in smoking-legislation. They may be devalued by the inability of the management to make a profit leading to potential forfeiture of the rental income compromising the yeild. Furthermore, one of the larger chains (i genuinely cannot remeber which) recently announced the disposal of a significant tranche of their bottom-end pubs for this very reason. They will not be the only company. Additionally, 2 years ago it was a mucch-bandied statistic, that at any one time, approx 10% of Britains' pubs were for sale. It can only get worse. Given the smoking ban, in the short-term this can only get even worse. Whilst I am inspired by 'some' of the management (Coffee Republic?), I would have been keener to invest were they in any property but pubs at this time. Let's hope they diversify & promptly!

[pre] 30/3/2007 15:25

Thanks jarvisd4e...so did pi's get a slice of this?

[5dally] 30/3/2007 15:24

Nothing goes up in a straigh line but I'm very tempted with this one,Are you in jarvisd4e? and at what price

[jarvisd4e] 30/3/2007 15:20

Equable has raised £1,554,900 before expenses via the placing of 111,064,286 ordinary shares at 1.4p per share with institutional and private client investors ("Placing").

[pre] 30/3/2007 15:10

was the placing open to the public or merely institutions? tia

[jarvisd4e] 30/3/2007 15:05

might as well post 10p soon!!
good luck buyers.

[topinfo] 30/3/2007 14:29

This newcomer from Desmond Bloom looks set to soar. Take a look at his previous investments, listed below.!!!


Embargoed: 0700hrs, 30 March 2007
Equable Properties Plc
("Equable" or "the Company")
First Day of Dealings

Equable Properties Plc, the commercial property investment company founded by Desmond Bloom, is delighted to announce that trading in its shares on the AIM market of the London Stock Exchange will commence today.
The Company, which intends to build a sizeable portfolio of commercial property to include retail, offices, industrial, hotels and pubs, has today completed its first portfolio acquisition. The portfolio of ten pubs throughout England and Wales has been acquired as to £4.5m of cash and the issue of 12m shares in Equable. Property valuers Knight Frank have valued the portfolio, with an initial yield of 8%, at £5.7m.
Equable has raised £1,554,900 before expenses via the placing of 111,064,286 ordinary shares at 1.4p per share with institutional and private client investors ("Placing").
In addition to expanding its core portfolio in the UK, Equable intends to explore opportunities internationally and, in particular, within the developing economies of Eastern Europe.
Desmond Bloom, the founder and Chief Executive of Equable, has more than 30 years experience within the commercial property industry. He was Chairman and Managing Director of Dwyer Plc which was listed on the London and Dublin stock exchanges. He later became Chairman and Managing Director of Premier Land Plc, a commercial property investment company listed on the London Stock Exchange. Both companies enjoyed tremendous success under Desmond's directorship with the shares increasing from 6p to 405p and 5p to 95p respectively.
The non-executive Chairman of Equable Properties, Nicholas Jeffrey, has considerable public company experience and, most recently, was Chairman of Coffee Republic Plc, where he continues as a non-executive director. Nicholas is the former Chairman of United Industries Plc as well as several other quoted companies.
Desmond Bloom, Chief Executive, commented,
"I am strongly of the opinion that commercial properties will continue to enjoy capital appreciation as a result of rental growth in a buoyant UK economy. For this reason, we are delighted to offer investors a platform, in the form of Equable Properties, to participate in what I intend to be a diverse and solid UK portfolio with the possible additional upside of potential exceptional returns from the developing economies of Eastern Europe."
For further information, please contact,
Desmond Bloom
Chief Executive, Equable Properties Plc
Tel. [phone]
Ben Simons
Hansard Group
Tel. [phone]
Robert Lo/Natasha Reed
Nabarro Wells & Co.
Tel. [phone]
Placing and Admission Details
Placing Price: 1.4p

Number of Existing Ordinary Shares: 5,000,000
New Ordinary Shares being issued pursuant to the Placing: 111,064,286
Number of Ordinary Shares in issue following the Placing: 129,850,000
Percentage of enlarged issued ordinary share capital being represented by the Placing Shares: 85.53%
Percentage of enlarged issued ordinary share capital held by the Directors: 9.35%
Market capitalisation on Admission at the Placing Price: £1,817,900
Net proceeds: £1,070,692
EQUABLE PROPERTIES PLC

[bubsy2] 30/3/2007 09:40

goin one way ................

[bushie] 10/3/2002 23:26

djlungi,

I have and am working for a very large one now though I'm under an NDA so I won't say more than is necessary at this juncture.

One thing that I have learnt about telcos is that they are very incestuous as such one gets to become quite familiar with a number of them even having never set foot on their premises.

The one that I'm most impressed with to date has to be Orange. The folks who've worked there seem to possess the fondest recollections.

[weidnerworld] 10/3/2002 23:08

bushie

thanks again, the picture gets clearer for me and you certainly don't come across as someone with an axe to grind.

By the way, I live about 6 months of the year in France and as much as I love the country dearly, they do have certain mannerisms and personality aspects............


also jhan66

part of the interest in things French is due to being able to observe certain things at close hand re info above.
When arriving in France last year it appeared as though mobile phone useage had increased by 3 or 4 fold in 6 months, also the broadband take-up by small business appears to be accelerating at a rate not seen in the UK (by me) and knowing a few people in Spain and Holland both private individuals and small businesses who had taken up with Wanadoo who appeared to make inroads into these countries very quickly. All these are personal observations made by me personaly but it pointed to a western Europe that was taking telecoms to heart after a slow start. Just my thoughts.

[jhan66] 10/3/2002 21:14

Bushie, Didn't intend my comments to sound like an advert. I know a fair amount about them & would probably describe myself as an optimist, but I'm thankful I never bought in.
Tell me (if you can), have you worked with other telco groups and have any particularly impressed you ?

W- Impressed at your homework on ITXC. I'm not fully up to speed but the litigation has been partly thrown out. The claim is dismissed by Evslin (well he would wouldnt he). But think I'm right that there's not a lot of money at stake and the downside risk to the company is small.

[weidnerworld] 10/3/2002 01:09

jhan66

very interesting, but what of the lawsuits, surely that could damage bottom line and reputation?

[jhan66] 08/3/2002 23:07

Check out ITXC for new millenium telco market.
They're the largest global wholesale VOIP Carrier. All experts & analysts predict massive growth in this market at the expense of old Telco's.
Share price completed a 2002 double bottom today.

They've got cash, but don't kid yourself this is a high risk share, dont bet the mortgage. I am a shareholder, but dont want to appear as a ramper as well

[weidnerworld] 07/3/2002 00:27

my goodness jhan66, you know your stuff!
It does appear as though they are different and therefore at times may have an edge which may be interesting. I'll do some more digging based on whay you've given me.
Thanks again for the info.

[weidnerworld] 06/3/2002 12:12

this company traded on Pais and New York exchanges appears to have a massive infastructure in hundreds of countries but is relatively unknown here in the UK, anybody with an insight or a view?

[jhan66] 06/3/2002 10:49

Level 3 is a big US Carrier with grand ideas. Their area is `big pipes' aim to offer the cheapest wholesale international telecom service by building the biggest trunks. Intended to competitively undercut the going rate for interanational transfer. same as Flag, Viatel, Global Crossing, Worldcom & a million others. Problem is - they didn't forsee just how low prices were dropping.
Sita/Equant is a little different- they offer improved access - anywhere with an airport -opens up Africa, China etc. They also sell on resiliance. they have a multitude of routes. Line goes down in Poland, no problem route through Hungary..., Everyone else can do this only through using partners.