We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Invesco Pty | IPI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.225 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.225 | 0.225 |
| Top Posts |
|---|
Posted at 07/1/2014 16:26 by knowing RendjPosts: 61 Off Topic Opinion: No Opinion Price: 0.39 Still hopeful14 Dec '13Whilst the share price has fallen a little over the last month (on the back of the downbeat half year report) I'm still hopeful that we'll end up with a positive NAV before the final sales. The main reason for my hope is that it doesn't make sense for the bank to force the sales before next September even though they have every right to demand that. If the company is given just one more year to sell these properties, that will be long enough for the values to boost adjusted NAV well above zero. My hunch is based on the fact that after the most recent warehouse sale, adjusted NAV will be about -£15m and the remaining properties will prob. rise a little in the next valuation. If they rise by £2m overall and NAV is -£13m in Jan with remaining properties worth £170m then one year of values rising 2% a quarter would take us into positive territory. 2014 is going to be THE year for secondary commercial property in the UK so most of that growth could come from the UK part of the portfolio as it is gradually sold. As long as the Euro properties hold their values then they could be sold in 2015 in a way which left shareholders with something more than 0. A lot of 'ifs' but the two key positives of the bank being unlikely to force a fire sale and the property markets starting to race forward mean I'm more confident than the market or even IPI directors! THis share is not for the faint hearted though, now for anyone who really needs the money they invest in it! |
Posted at 15/11/2013 16:59 by flyingswan INVESCO Property Income Trust Limited(LON:IPI)manaIs IPI Ready To Move Up?Find Out Here |
Posted at 22/10/2013 19:13 by flyingswan This could be one reason IPI share price has been raising recently:"The European commercial real estate investment market had its strongest third quarter since 2007 with 35.5 billion in transactions - up 21% on Q3 2012, according to the latest data from global property advisor CBRE. "Commercial real estate investment in the core Western European markets UK, Germany and France was particularly strong in Q3 2013. Investment in UK commercial property was at the highest level since Q3 2007 with 14.1 billion of transactions completed in Q3 2013 - a 19% increase over Q3 2012. Germany, with 6.2 billion in Q3 2013, showed a 21% increase over Q3 2012. France also had its highest Q3 investment activity since 2007 with 4.6 billion - a 39% increase on Q3 2012. These markets also posted sequential gains compared with Q2 2013, with investment activity for all of Europe improving 7% compared with the prior quarter." |
Posted at 13/9/2013 10:16 by knowing Excellent summary from Gilteddge on LSE:For what it is worth, here are my views. You should know I have been accumulating a significant position on the expectation of an ultimate turnaround. IPI have so far breached every single covenant multiple times.. In return RBS have extracted their pound of flesh.. The key factor is that every single interest payment has been met even in the worst of times and they now currently have a decent interest cover. There is going no forced liquidation of the portfolio, or even a bits and pieces sell off. The latter scenario means that IPI will then lose critical mass and will cease to be able to operate as a viable business entity. No, the situation will continue for the medium term, with loans being rolled over until the portfolio returns to a positive LTV and even then it wont be liquidated unless a buyer can be found for the majority of the portfolio. It's also possible it will survive as a business entity once the LTV returns to some semblance of sanity. After all, they have met their every obligation even through the worst of times. IPI earned a revenue profit of 2.9p a share in the last financial year which puts its current P/E ratio at the princely ratio of 0.14. So here you have a company valued basically as worthless by the market yet still earning a profit of around 5 mill pa. All you need to work this out, is to ask yourself, what would you do if it was your money that was invested and you had a debtor that has met every interest payment. Are you going to through him out with the bathwater? Don't think so! We would both want our capital back at a minimum and we at least hang on until that becomes possible. Also RBS now has a quasi equity stake in IPI, so the tone and substance of the relationship goes deeper than can be read in any financial report. |
Posted at 31/5/2013 18:33 by flyingswan INVESCO PROPERTY INCOME TRUST LIMITED - Circular re related party transactionIntrepid Potash IPI | 5/30/2013 11:45:00 AM INVESCO PROPERTY INCOME TRUST LIMITED - Circular re related party transaction INVESCO PROPERTY INCOME TRUST LIMITED PUBLICATION OF A CIRCULAR Invesco Property Income Trust Limited (the "Company") has today published and issued to Shareholders a circular approved by the UK Listing Authority (the "Circular") in relation to the proposed appointment of Invesco Real Estate S.á r.l. ("Invesco Real Estate Management") as company secretary and administrator to the Company's Luxembourg-domiciled subsidiaries (the "Luxembourg Subsidiaries"). Invesco Real Estate Management is part of the same group of companies as Invesco Asset Management Limited, the Company's investment manager, and is therefore a related party of the Company under Chapter 15 of the Listing Rules. The proposed appointment of Invesco Real Estate Management as company secretary and administrator to the Luxembourg Subsidiaries will constitute a related party transaction for the purposes of the Listing Rules and accordingly is conditional on Independent Shareholder approval. The Circular convenes an extraordinary general meeting of the Company to be held at 10.15 a.m on 17 June 2013 (the "Extraordinary General Meeting"). An ordinary resolution, to be approved by Independent Shareholders, will be proposed at the Extraordinary General Meeting to approve the Related Party Transaction. Copies of the Circular will shortly be available for inspection at http:// www.morningstar.co.u Copies of the Circular are also available in electronic form on Invesco's website: www.invescoperpetual Terms used and not defined in this announcement have the meanings given in the Circular. 30 May 2013 http://www.stockhous |
Posted at 28/1/2013 11:25 by flyingswan mentions IPI: |
Posted at 02/3/2012 10:34 by flyingswan Someone just bought some shares at 1.46p so looking very positive. (02/03/2012 - 10:23:31 - IPI - 1.46p - O - 67,636 Shares) I was away on holiday when this was published: Interim Management Statement 14/2/2012 Invesco Property Income Trust Limited Net Asset Value and Interim Management Statement The unaudited Adjusted Net Asset Value per share of Invesco Property Income Trust Limited... ADVFN competitor.com/actio |
Posted at 18/2/2012 12:37 by investor_tp @FlyingSwan: that article is about *high-end* *residential* property, and therefore has close to nothing to do with IPI.@asmo: I'm hanging on to these for the time being, but mostly because there's not much more to lose in my case and the fact that they're so highly geared means they might turn around in certain scenarios. This is not really based on any proper analysis though. @Goldenhorse: have you factored the 'Profit Participation Fee Agreement' bit (RNS 15-08-2011) into your calculations? (I have to admit I don't fully understand that section, maybe it doesn't have as much impact as I think it does) |
Posted at 13/2/2012 10:15 by flyingswan ... So heavily affected was one trust Invesco Property Income that in 2011, the trust, managed by Rory Morrison, restructured its debt and altered its investment strategy. The trust is now expected to wind down in 2014.The investment objective was changed to reflect the fact that the trust was widening its portfolio to continental Europe, with a particular focus on acquiring and managing assets in markets such as France and Germany, where properties can be bought and sold with relative ease. All is not bad, however. Last week, for example, saw the £1bn F&C Commercial Property Trust (FCPT) successfully raise £15m in an issue of new shares. The trust listed them on the London Stock Exchange on February 1 at 103.41p - a 3 per cent premium to net asset value (NAV). The fund has traded at a premium over the past year. The company claims its level of dividend, which created a yield of 5.8 per cent based on the share price at the close on February 1, is attractive to investors. In fact, since the market bottomed in March 2009, property investment trusts have staged a remarkable comeback... |
Posted at 19/1/2012 22:23 by goldenhorse Ouch! - I feel your pain...I wouldn't despair totally though, I've got 400k in the bottom drawer at about 2.5p and I'm happy to hold on to the end but you must bear in mind that I'm an optimist! Worst case, it gets delisted (and the recent documents have said they are keeping listing under review...) But the good thing is the simplicity of the share since the reset of the loans and the investment objective. It is now a straightforward, highly geared play on non-prime commercial property price recovery. If the macro clouds clear and it gets to be believed that the world won't end this year, it is very possible that non-prime property could go on a rebound run and this sector could come out of deep freeze... In terms of IPI specifically, the recent valuation statement was very encouraging on occupancy levels (even though valuations continued to fall) and shows the continued track record of good asset management. This is so important because it: 1) Keeps the trust will within its new covenants (good headroom on both valuation and interest cover), and 2) Keeps the portfolio in good shape for if (when?) the upturn comes. No more acquisitions = no new risk, just sit tight, manage the shop and wait about 18 months before starting aggressive disposals towards a wind-up in 2014. It's a very straightforward plan. The equity is worthless at the moment given the external market, but the numbers are interesting given that there is (as things stand) a two-year payoff horizon. 153m shares 192mGBP debt 192mGBP valuation Say our portfolio realises 10% over the present valuation, that's 19.2m... Assuming a big haircut of costs (which always seems to accompany these situations) of 25%, there could be c. 15m to distribute to shareholders - that's 10p per share. You could say that 10% is optimistic, but the most recent disposal of the Pegasus building yielded 46% over March '11 valuation. Why? Because of a new 7year lease - the result of effective asset management. 46% across the board (which is ridiculous!) would take us to about 65p per share! None of this takes into account possible benefits or downsides that would come from a strengthening Euro (if the world doesn't end) with respect to debt and valuations - I've not done the detailed calculations on this, would appreciate it if someone else has..? So I don't think this is a zombie... it's in a coma, which is a quite different thing. Have I got the wrong end of this stick? GH |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
