Helical Share Discussion Threads

[andy mack] 12/11/2015 14:33

Anybody following this company? Looks good on paper and increasing assets and rent roll with decent amount of cashflow

[thomcooper] 16/7/2014 12:54

Will be interesting to see if 370-80 provides any resistance now...

[thomcooper] 16/7/2014 12:52

Well, it sank...

[thomcooper] 24/6/2014 19:08

Seems to be quite a lot of resistance / support around the current price. Will be interesting to see whether it bounces again, or sinks through it.

[thomcooper] 17/6/2014 11:51

Back near May lows. Will it push through or bounce?... I remain short.

[essentialinvestor] 16/6/2014 11:12

As previously posted I would not pay that premium to NAV, just imv.

[thomcooper] 16/6/2014 11:06

It doesn't matter what class it is. Commercial property is going to have a flood of supply over the coming year & current prices have skyrocketed in a speculative manner.

[essentialinvestor] 15/6/2014 14:10

This is commercial property, not residential.
I think we all appreciate the market is cyclical.

[thomcooper] 11/6/2014 11:39

Really! What if all these Chinese investors parking cash start moving it back home as their currency starts appreciating (as the Chinese government have said they're going to do - & need to do to transition to a more stable & self supporting economy).

What happens to all the mortgages when interest rates start to climb to counter the inflation that the above will cause?

Just because london prices have been bolstered by foreign safe haven investing, doesn't mean that prices are infallable.

My hairdresser was explaining to me the other day how she was going to buy a flat, save up for another & then rent it out, then buy another...so she can retire.

Might have another years worth of boom yet though.

[leec060778] 10/6/2014 23:12

Interesting points though!

[leec060778] 10/6/2014 23:12

London Property never goes 'Pop' Thom....the City never feels a recession. It's a beast of its own making.

[thomcooper] 10/6/2014 18:14

But, as I said earlier, it could potentially go up further from here as £100m dev profit is a blockbuster headline that's going to linger for a while. I'm currently weighing up some profit taking on my shorts & considering whether to get back in in a few months time. London property has to pop at some point, but Draghis borrowing Yellens punch bowl so the party may go on until 2015.

[thomcooper] 10/6/2014 18:11

Exactly. They've clearly had a lot of development property come through thst theyve been able to shift into a receptive market. But, there are lots of new office schemes being built in London & it is only a matter of time before the bubble goes pop again. If not, they're unlikely to win big in the same way next year.

At the end of the day, real estate is real estate. It produces a set yield & the NAV goes up & down usually below 20% pa. Therefore, you should look at the long term performance of the co. In my opinion it is not much different to you going & buying an office & rent it out. You wouldn't expect to pay £455m (Hlcl market cap) for £340m worth of property. The management are very good, but they're never going to be good enough to warrant paying a 30% premium.

[leec060778] 10/6/2014 10:22

Cheers Essential....

[essentialinvestor] 10/6/2014 09:28

Lee, you may want to look at the forecasts on Digital look.

The valuation is best looked at in the context of NAV imv.

[leec060778] 10/6/2014 09:22

Just out of curiosity Thom what makes you think the share price is overvalued?The Marketcap to Pretax Profit ratio is x4.4....which is fantastic!

[thomcooper] 09/6/2014 17:26

I saw an article a few weeks ago (can't put my hand on it) illustrating the abundance of new schemes in the pipeline.

Not sure that they'll be able to keep up that return on developments (although it is impressive).

Directors dumped a load of shares a few months ago, so sell the news?

A correction is way overdue in london. Cyclical downturns occur every 7 years or so. 2008 + 7 = 2015. Might have another good year. I'm short & have been doing nicely from February high. Might consider getting out for a bit though as I'm now at a minor loss & believe it could go higher for a few months at least.

Based on The investment properties alone (development properties haven't been producing much over past few years & won't if we get another downturn), the share price is wildly overvalued, but as I say, we could see it climb north for a while yet.

[leec060778] 09/6/2014 15:56

Fantastic share price ..just went Large an Long. Undervalued IMO

[thomcooper] 29/4/2014 00:19

Something else regarding the share sale to the co. If the co wanted more shares then it should have done a pre announced buy back so all could have participated.

[thomcooper] 29/4/2014 00:03

Shorts going nicely...

[thomcooper] 17/4/2014 00:34

Directors thought similar too by the looks of things... I'm short at least down to sub 250 if not lower if world doesn't look so rosy when it gets there.

[thomcooper] 16/4/2014 23:51

This is way overvalued. NAV a lot lower than Cap. Been short since 370. Got a long way to fall yet...

[essentialinvestor] 15/2/2013 09:07

Would tend to agree with that Cerrito.