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Share Name Share Symbol Market Type Share ISIN Share Description
Industr. Multi LSE:IMPT London Ordinary Share IM00B4N9KC32 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 317.50 0.00 0.00 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 7.8 3.8 45.3 7.0 43

Industr. Multi Share Discussion Threads

Showing 1 to 20 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/10/2014
09:27
This is interesting / opportunistic ISIN IM00B4N9KC32 ANTLER INVESTMENT HOLDINGS LIMITED, A HOLDER OF INDUSTRIAL MULTI PROPERTY TRUST PLC, IS LOOKING TO GAUGE INTEREST OF HOLDERS WHO WOULD BE INTERESTED IN SELLING THEIR SHARES AT A PRICE OF 55P PER SHARE. PLEASE NOTE THAT THERE IS NO GUARANTEE OF SHARES BEING PURCHASED BY ANTLER INVESTMENT. IF NO ELECTIONS ARE MADE WE WILL APPLY THE DEFAULT ELECTION TO YOUR HOLDING AFTER THE REPLY REQUIRED DATE FOR PROCESSING PURPOSES. PAY DATE IS INDICATIVE. EX AND RECORD DATES SPECIFIED ARE FOR PROCESSING PURPOSES ONLY AND THEREFORE SHOULD NOT BE RELIED UPON FOR YOUR ABILITY/ENTITLEMENT TO PARTICIPATE IN THIS EVENT.
lavagrouch
08/10/2014
17:48
this SP's in no man's land. it's either; 1); a viable secondary commercial property-stock, to which the market ( traditionally ) applies a discount of c. 30 - 40 % to stated NTA's. last reported NTA = £2.23 ps, so expect share price = c. £1.33 ps 'bottom end', yeah ? OR; 2); it's unviable & not likely to survive it's next re-financing, expect share price c. 5 - 10p. so where the hell does this 53p come from ( since I'm leaning towards 1); I suppose I should buy some more, but as Iron Storm suggests, they may yet get even cheaper ).
the troll
29/9/2014
16:11
Expect some weakness over the next month as some people may have to sell. Keep an eye out there may be some barmy prices coming.
ironstorm
09/9/2014
17:02
EezyMunny, The recipient of the 15% interest (ARTL) is listed (on the specialist fund market) and trading at a material discount (c.50%) to NAV so you may want to buy some of them. IronStorm, You can hold ARTL with TD Investing so I would assume IMPT will be possible too. You may need to complete (& pass) an experienced investor questionnaire though.
scburbs
09/9/2014
15:08
I guess it only goes up as and when current situation changes. Currently Alpha are most definitely stiffing us with their 15% interest rate. All that will convince me we are not being stiffed is when they sell off some properties or refinance as they say they will. As you say I don't thing the mgt have done anything yet to convince me that their intentions are anything but honourable - I'm just conscious of the powerful position Alpha currently hold here.
eezymunny
09/9/2014
13:56
Thanks Eezy. I will check with TD Investing to see what they will do. Thinking on this I am starting to come round to the idea. Costs to be reduced and purportedly better access to finance should help the NAV gap narrow. And so far this management have not stiffed us and I am sure they could have. So I hold for now too and hope to see this increase by the year end after the next IMS.
ironstorm
09/9/2014
13:14
FWIW I received this from my broker Iron "he Specialist Fund Market is the London Stock Exchange's regulated market for specialist investment funds, targeting institutional, professional and highly knowledgeable investors. It is for this reason that xxxxx does not trade on this market. Assuming that the proposals are approved you will therefore be unable to purchase any more shares in Industrial Multi Property Trust from the 27th October 2014. The stock will be removed from our website and if you wish to sell your shares you will need to do so by contacting our telephone dealing team." So I assume OK to hold in my account, tho not entirely clear. One wonders if Alpha have our best interests at heart (this move plus lack of action on the sales front) but have decided to continue holding given NAV (which has much more likely than not bottomed IMO) so far above share price Also notice one II increasing. Wouldn't surprise me to see a bid if current situation persists - tho that's just idle speculation.
eezymunny
09/9/2014
12:44
Well thats a bit of a turn up that they want to de-list from the main market and re-list on the Specialist Fund Market to reduce ongoing costs and allow the Board to take advantage of commercial opportunities that may arise. There is also talk of future financing options and improvement in the efficiency of entering these - whatever that means. As part of this they will be ditching pre-emption rights - too much hassle apparently - and no need for shareholder approval on corporate actions. Though they still expect to do most of this. In reality probably not a big deal as these are not especially liquid. But would welcome other views as I don't know if they can still be held in a nominee account (like mine are) or whether it is as easy to deal electronically etc..
ironstorm
27/8/2014
19:05
Well maybe - but selling below book (as long as not a lot below book) looks like a good start. Because whilst they have saved the company now they need a plan to realise the value. And hope is not it. In five years time they will be at the same level of debt, the cash will be gone and I wouldn't want to place a bet that valuation will have gone up lots. Certainly increases to utilisation will stop the cash drain but it is not enough to pay us out. Selling at 10% below valuation would not take us below 200p NAV. Selling enough to pay off the expensive debt will see us profitable and able to grow again. Where's the plan FFS!
ironstorm
27/8/2014
18:02
on the other hand, they've got modern & attractive units to offer. maybe this management simply isn't willing to sell below book value ? justifiably perhaps, especially in view of the economic 'miracle' we're supposed to be experiencing; maybe they'll turn out as the bargain of the decade, who knows ?
the troll
27/8/2014
11:48
59.5p share price = 73.3% discount to NTA, looks grim.....see also IERE.
the troll
27/8/2014
08:31
No real change to the situation here - until they achieve those asset sales. Cash outflow of c£600k giving us 5 years of cash at that rate. If you are writing to the Chair could you ask him to RNS asset sales as that is the only way to get closer to NAV and profitability.
ironstorm
27/8/2014
08:12
Cannot understand as to why they have not achieved any sales to reduce LTV I shall be writing to the Chairman about this as shareholder value is at risk.
red army
23/8/2014
10:28
Target still £2
red army
23/8/2014
08:02
Well we are due an update here in the next week. So hopefully news on asset sales.
ironstorm
14/8/2014
08:23
Also worth noting http://www.investegate.co.uk/helical-bar-plc--hlcl-/rns/acquisition-of-industrial-portfolio-for--30m/201408140700090867P/ Industrial properties acquired on 8% yield. The IMPT prop portfolio currently yields c. 10% suggesting that as and when they "reduce the LTV ratio through limited strategic sales" that they have a good chance of achieving NAV+ Time will tell - meantime we are lumbered with the unpleasant current finance charges. I remain of the opinion that this might have spectacular upside but with plenty of risk until they offload some properties at a good price...
eezymunny
14/8/2014
07:52
Looks like a little bit of stakebuilding - long May it continue
ironstorm
04/8/2014
17:21
Just as a comparison was looking at Town Centre Securities (which is not directly comparable but as close as I can find). IMPT in brackets Share Price Discount to NAV 20% (70%) Occupancy Levels 98% (87%) NAV improved by c8% recently (-) Divi c1.5% (-) Profitable (Loss making) LTV 50% (c83%) BTW if my calculations are correct an 8% increase in NAV could see the share price rise by 25% to maintain the same discount. However 8% might be a big ask as they are loss making.
ironstorm
04/8/2014
11:17
An update to NAV is due this month - looking for the valuation to have improved. Any news of asset sales would be a bonus. BTW first time I have set up a thread - let me know if it needs to improve.
ironstorm
04/8/2014
11:08
In 2014 we should see: - Valuations Increasing - NAV increasing from the Middle of the year - Increasing Occupancy - From an improving economy and better management - Asset sales at or above NAV. - Debt reductions - Break even over the year - driven by increased income and reduced debt payments hTTp://ironstorminvesting.blogspot.co.uk/2014/05/still-alpha-bet-on-improving-economy.html
ironstorm
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