Great Portland Estates Share Discussion Threads

[badtime] 24/6/2007 19:53

anyone syil about?

[efil4zaggin] 22/5/2007 19:36

What's tomorrow going to hold? I can't beleive the share price over the last couple of weeks. Maybe we should get our rep up.... ;-)

[mykai] 05/2/2007 09:42

At top end of trading range at the moment

[spacemoggy] 15/12/2006 08:44

Another nice rise this morning, the momentum keeps this one on the up and up...Santa Rick

[spacemoggy] 13/12/2006 13:08

Great Portland Estates PLC
13 December 2006






13 December 2006

Extraordinary General Meeting - proposed amendments to the Articles of
Association to facilitate conversion to a UK-REIT

The Board of Great Portland Estates announces that Shareholders have today
voted overwhelmingly in favour of the Resolution proposed at the
Extraordinary General Meeting to amend the Articles of Association to
facilitate the Group's conversion to a UK-REIT.

By converting to a UK-REIT the Group will:

• eliminate the Group's contingent corporate tax on chargeable gains of
approximately £108 million (as at 30 September 2006);
• become largely exempt from future corporation tax, and
• immediately enhance both the Group's triple net asset value and adjusted
earnings per share.

Timon Drakesmith, Finance Director said:

'With market conditions in central London favouring our disciplined and
focused approach to the creation of value, we remain confident that, in the
new UK-REIT environment, we will continue to deliver attractive returns for our
shareholders.'

[spacemoggy] 11/12/2006 08:58

Long again for March @ 655p...Rick

[spacemoggy] 04/12/2006 08:37

It's taking a bit of a rest at the moment before the next push upwards imho...Rick

[spacemoggy] 14/11/2006 16:21

Long again 614p...Rick

[spacemoggy] 14/11/2006 16:06

NTA = i'd rather give it to charity lol

[torabora] 14/11/2006 15:20

Take your cash and put it into NTA, see my post.

[hammywheel] 14/11/2006 15:15

GP will now be a bid target for Derwent London, which will be twice as big as GP. The combined outfit would be in the FTSE100

[hammywheel] 01/11/2006 10:08

"The main property managers retired at the time of the demerger" - Err, no they did not !

[spacemoggy] 01/11/2006 08:55

Back in long @ 611p...initial target 650p....Rick

[linhur] 06/10/2006 09:44

I think Robert Rayne would prefer to run LEo Capital which was hived off from LMS earlier in the year. The main property managers retired at the time of the demerger and I expect Toby Courtauld is quite keen to expand his empire.

It will be a sad end to Max Rayne's property empire if it ends up with GPOR or Derwent Valley.

AllIMHO
Linhur

[spacemoggy] 05/10/2006 15:38

Just took a look,crikey,VERY illiquid share,not for me,as i only hold for very short periods...a day or two maybe up to a month,but thanks for highlighting it,and good luck....Rick

[spacemoggy] 05/10/2006 15:34

Thanks Ken :-)

[kenmill] 05/10/2006 15:32

spacemoggy

LMSO

[spacemoggy] 04/10/2006 09:43

Hi Ken,i know nothing about LMS...what's the market epic please...Rick

[kenmill] 04/10/2006 09:33

I have been in LMS for 10 years and seen the share price go from 60p to the current 330p (including the demerged venture capital side) Both companies have a good record and good management. The combined group (if it happened)would continue to be a good investment but there may be a hitch over deliberations as to who would run it. The Rayne family have controlled LMS for decades.

[spacemoggy] 04/10/2006 08:25

LONDON (AFX) - Great Portland Estates PLC said The Great Victoria Partnership, its 50/50 joint venture with Liverpool Victoria Friendly Society, has agreed to let Phase II of its retail development at London's Regent Street to Gap, the fashion retailer.

The clothing company will take a new 15-year lease on the enlarged 10,000 square foot store paying an initial rent of 1.1 mln stg per year, rising to a minimum of 1.21 mln stg after the fifth year.

The letting of the 10,000 square foot Phase II development is the third international retail letting at the project, following last month's letting of both Phase I units totalling 17,300 square feet.

GPE property director Robert Noel said the deal with Gap brings the total rent achieved in new lettings by the group on Regent Street, Oxford Street and Bond Street this year to over 4 mln stg.

Earlier this week, Great Portland confirmed that it is engaged in preliminary merger talks with London Merchant Securities PLC, another property developer with high West End retail exposure.

Portland keep making good deals and driving the share price up...Rick

[hotstuff] 28/9/2006 12:34

This is a really impressive rise in share price.GPOR tends to drop back in similar mode,but this time I feel it may not.Anyone know what the Charts say?

[spacemoggy] 27/9/2006 10:00

I started this new thread to highlight the nice upward movement in the share price I am making good money in this one,a steady riser....Rick

[spacemoggy] 19/9/2006 09:58

LONDON (AFX) - Great Portland Estates PLC said it has let out the office space at its newly refurbished 21 Sackville Street property in London for 1.2 mln stg a year, equivalent to 80 stg per square foot.

The company said the four floors, comprising 14,200 square feet, have been let on 10-year contracts to US fund manager Cohen and Steers, Icelandic investment bank Straumur-Burdaras and investment management group Wolf Asset Management.

That's some rent lol...Rick