Fletcher King Share Discussion Threads

[profdoc] 12/7/2021 09:43

Thanks Norbert. Three aspects to the valuation then (1) £3m of cash not needed for operations (2) the operating business which normally produces £300,000 - £400,000 per year (c) the quotation

[norbert colon] 11/7/2021 15:51

https://www.thisismoney.co.uk/money/markets/article-9776285/Bold-return-250m-property-mogul-Elliott-Bernerd.html

[tomboyb] 05/7/2021 09:57

Lets see what happens today -

[tomboyb] 02/7/2021 15:22

Last cash element was just a tad over 3mill around 3.1 - Market cap around 4.2mill - New big investor to come -

[robhammers] 02/7/2021 15:18

Is cash nearly same as market cap?

[tomboyb] 02/7/2021 15:16

Friends in high places - https://www.theguardian.com/business/2004/jun/20/theobserver.observerbusiness7 Instead his fortune is put at £70m. His most lucrative deal was buying a site close to Heathrow on the M4 for £8m with Elliot Bernerd and Lord (Jacob) Rothschild. Five years later, Lipton and his partners sold what had become Stockley Park for £356m.

[tomboyb] 02/7/2021 13:25

50-55 coming up -

[playful] 02/7/2021 13:13

yabba dabba doo

[tomboyb] 02/7/2021 13:10

Max buy at 47p is 1500 shares - Tight -

[tomboyb] 02/7/2021 13:00

Elliott Bernerd, 60, a Londoner who left school at 15 with no qualifications, has been a giant of the UK property industry for 30 years. Chairman of the group Chelsfield Partners, he features 217th in the current Sunday Times Rich List, at an estimated worth of £277 million. He is 76 now but worth a few quid - Big bucks -

[bluemango] 02/7/2021 12:22

Thanks for the swift reply. Funny how a stock like this can be moribund and unexciting for years (dividend used to be decent enough to hang on for) and then something like this comes along.

[norbert colon] 02/7/2021 12:17

Yes I still take a look in here although I don't currently hold the stock. I'm not totally surprised to hear about some form of Corporate Action. A very solid well managed business but shouldn't really be listed. Met a rep from the long standing major shareholder at the AGM one year. Good luck!

[bluemango] 02/7/2021 12:14

Has anyone else got anything on this story? Norbert - are you still around? You seemed to have long standing connections with Fletcher King.

[bluemango] 02/7/2021 08:47

#683 That still leaves another close to 10% to acquire somehow ... And that's assuming District & Urban are willing to sell - having held for yonks.

[bluemango] 02/7/2021 08:46

Story hasn't really been picked up online as yet. Here's Eliot Bernerd of Chelsfield: hTTps://chelsfield.com/en/leadership/

[sea7] 02/7/2021 08:35

probably go after district and urbans 20.49% holding

[sea7] 02/7/2021 07:59

no problem bluemango

[bluemango] 02/7/2021 00:04

Wouldn't you normally expect an RNS if there's an expression of interest like this? And I understand the free float here is very limited, so where would that 29.9% stake come from, and at what price? Interesting times ...

[bluemango] 01/7/2021 22:54

Ah, that explains the sudden interest! Thanks sea7.

[playful] 01/7/2021 20:21

I bought into this earlier this year on the back of their SHIP business model and the passing of the baton to the young bucks, so I reckon with the bread & butter valuations business as recurring revenue they have a firm foundation to build on.