trcml

24/1/2023 09:11

Read Full ThreadReply

Long ago a small flurry of commercial property agents decided to go public: and quoted. DTZ, Colliers CRE (UK), Fletcher King, Pepper Angliss & Yarwood (via Mercury Holdings - which had a go at Lee Baron but according to my contact there couldn't come to terms on price). I remember reading about Teacher Marks saying none of their partners could have written a cheque for £10,000 so going public would alter that - at the time I thought not a proper reason to go public. Thing is commercial property agencies would rather keep all the profit for themselves than dish it out as dividends to all and sundry.

As for Fletcher King rating valuation has a lot of competition and thanks to the VOA changing the rules is nothing like as lucrative as was; it alo takes a long time for surveyor revenue to come to fruition. I used to have a few shares but after a short while concluded the share price was never likely to soar.

My best investment was buying into CBRE Inc at the depth of the 2008 sub-prime crisis when its share price was equivalent to GBP £2.50. Unfortunately for family reasons I had to sell too soon, a pity because the share price rose to its previous height of $52 approximately (it's now about $83. Savills I had a go at and profitably, but long after I should've done but before the share split.

ydderf

15/12/2022 07:51

Read Full ThreadReply

I notice that is has been 21 years since I first posted on this thread - the good news is we are both still here, the not so good news is the investment returns over those years...

small cap value investor1

29/9/2022 06:50

Read Full ThreadReply

Yes I have a decent sized holding
Hoping that the new largest shareholder will produce some action
Previously it seemed Directors first Shareholders second

maverick67

28/9/2022 17:42

Read Full ThreadReply

Anyone invested?

ntv

28/2/2022 17:08

Read Full ThreadReply

Taken a while to say the least but that is red tape for you

ntv

16/2/2022 10:23

Read Full ThreadReply

If they offer here I might be interested again
End of July now
Seems rather to long since the application supposedly went in but I know these things take time

bluemango

07/2/2022 16:23

Read Full ThreadReply

Well I wasn't expecting that reaction!

bluemango

07/2/2022 13:27

Read Full ThreadReply

Today's RNS from Great Portland Estates bodes well for progress here.

Toby Courtauld, Chief Executive, said:

"It is a significant achievement to deliver record leasing in a period marked by such economic and social disruption, which is a testament to both the quality of the spaces we have been delivering and the dedication and hard work of the GPE team. Absent a resurgence of the pandemic, our confidence is building for the remainder of 2022, as we expect the combination of economic growth, a return to normal trading conditions and central London's magnetic appeal to be positive for our markets."

GRE up 33% today on that news.

ntv

23/12/2021 08:40

Read Full ThreadReply

new appointment still pending

ntv

16/12/2021 12:51

Read Full ThreadReply

Seems to be taking for ever to sort. Red tape I guess

ntv

05/10/2021 12:18

Read Full ThreadReply

Share options are OTT

ntv

04/10/2021 06:31

Read Full ThreadReply

First part of a deal and at a premium
A good start

playful

04/10/2021 06:06

Read Full ThreadReply

Interesting.. will continue to hold and see where this goes.

ntv

27/9/2021 19:37

Read Full ThreadReply

Deal or No Deal
it is taking a long time to decide

profdoc

12/7/2021 08:43

Read Full ThreadReply

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 14:51

Read Full ThreadReply

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

tomboyb

05/7/2021 08:57

Read Full ThreadReply

Lets see what happens today -

tomboyb

02/7/2021 14:22

Read Full ThreadReply

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 14:18

Read Full ThreadReply

Is cash nearly same as market cap?

tomboyb

02/7/2021 14:16

Read Full ThreadReply

Friends in high places -



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 12:25

Read Full ThreadReply

50-55 coming up -

playful

02/7/2021 12:13

Read Full ThreadReply

yabba dabba doo

tomboyb

02/7/2021 12:10

Read Full ThreadReply

Max buy at 47p is 1500 shares -

Tight -