Invesco Uk Property Income Trust Share Discussion Threads

[ihavenoclue] 18/12/2009 22:54

4.9 to 4.2p ... what a last minute drop !!!

[billthebank] 14/12/2009 13:44

Have to admit pleased to see a small resurgence in the share price of IPI. How long before we test 7p again? Wonder why this is moving up Is it as some investors don't want to miss out if the commercial market takes off? It would be nice to see this push upwards a tad more from here. Just need some confidence or even solid news that an agreement has been made with our Bank so that we are reassured that all is well as long as we continue to reduce our overall exposure by covering our interest payments thro not paying a div. I can see no reason for this not to move up from here as long as we had some favourable information. Still a fair spread which does not help 5/5.8p as we stand.

[gdasinv2] 09/12/2009 22:19

Reson is long term - Property always very Long play. Look at your own property...same situation , industry knows/thus fund hold it long term.

[ydderf] 09/12/2009 18:28

i don't see a way out of this mess, there are too many europroperties, the sharp recovery has only been in credit drunk uk, trouble is, the company can't tell it as it is...

I ask you, negative shareholders funds on any measure, how can any holder ever get paid out?

[button1980] 04/12/2009 11:24

...and we know the prices are rising - but yes, risky. Waiting for the next value report, maybe end of month/start of Jan.

[bones30] 04/12/2009 10:56

Because they are very highly geared. A small increase in the price of property will make a huge difference to their NAV. This is quite a risky one I agree.

[three days] 03/12/2009 01:38

This has too much debt.Why would anyone buy?

[button1980] 02/12/2009 14:49

Rise In Value Of UK Property Assets May Not Be Sustainable





By Anita Likus

Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- A revaluation of assets at a small London property company showing a 10% increase in capital values may signal optimism for developers and, to a lesser extent, landlords, but it may not be sustainable.

Property investor and developer Minerva PLC (MNR.LN) Wednesday said it revalued its portfolio for the period from June 30 to Nov. 30, which is now valued at GBP1 billion, after a GBP93 million surplus, or 10% gain.

Minerva Wednesday released its revaluation as it called investors to reject an GBP80.6 million bid from South African vehicle KiFin Ltd., which it said significantly undervalues the company. The new revaluation doubled Minerva's net asset value per share to 95 pence from 47 pence at June 30.

It is the only property company to complete a valuation in recent months but "the first of many expected to show an upside of this size," said an industry expert.

JP Morgan analyst Harm Meijer said he believes "the 10% increase in property valuations looks reasonable, and is in line with the output of our econometric model, which indicates a potential sharp jump of 17% in U.K. property prices in the 12 months from June."

But although the valuation is good news, it doesn't directly translate to real estate investment trusts such as Land Securities PLC (LAND.LN) or Hammerson PLC (HMSO.LN) as Minerva is more focused on London developments, and those usually record larger gains.

Minerva has two City of London office developments, the Walbrook and St. Botolphs, which represent two of only four new buildings in the City of London through to the end of next year. It also is developing a prime residential project at Lancaster Gate overlooking Hyde Park.

As the U.K. property market suffered from the credit crunch, with property values falling some 45% peak-to-trough, property companies halted developments.

But as the market started to recover in the summer, developers have considered acquisitions, although they are more cautious about developments, so there is very little planned for delivery after 2010, boosting the value of existing space.

The Investment Property Databank Index showed that, since the market's upturn, which began modestly in August, U.K. commercial property has produced compound 3.2% capital growth. That has reduced the fall since the trough in July, 2009, to 42.4%, according to the IPD U.K. Monthly Index.

The sharp rise in property prices is likely to "be followed by sharply lower values or a flattish market for a long time," said Meijer. As rising prices have been fuelled by a rush to secure the best quality assets, industry specialists expect a W-shaped recovery, or another dip in prices next year, so the current rise may be unsustainable.

Morgan Stanley analysts said that while the U.K. property market is hot, the markets will be choppy in 2010.

"Prices of U.K. ... property are being squeezed up driven by rising institutional allocations to commercial property while availability of stock in the investment market remains limited," said Morgan Stanley's Bart Gysens.

"If property values rise more and for longer, there will be a correction as owners start selling into a strong market," he said.

[gdasinv2] 01/12/2009 09:54

Last RNS suggest the valuation is not the actual price - when they sold the last property to bring the debt down - Market and Bank understand it, Certainly...a Lot of potential this little man...Loaded few more

[carterit] 30/11/2009 17:58

I know what you are saying a1. However,are we at the bottom in the property market ?

If yes,a small appreciation in NAV can turn things around.

They are ok on the interest cover covenant,so they can more than cover the repayments.

Any money that would have been put aside for dividends is instead being used to reduce the debt burden - but if/when they do get back to paying dividends,they were actually paying >6p per year.

At some point,the banks will demand (no doubt) that money is raised to pay off some debt and bring the LTV % down.It seems impossible to do at the moment,due to the share price being wht it is - but i wouldn't be surprised if/when we start to get a recovery in asset values (and hopefully share price),that there will be some attempt to riase funds,but would probably need the share price up above the 25-30p region first.

With shares like this - which are a gamble - by the time you are sure that they will be ok,the shatre price would be far above current levels

[a1samu] 30/11/2009 15:52

To pay 6p for something that is worth minus 21.1p at worst or worth minus 6.7p @ best, & producing a loss/share of 8.4p, seems, throwing good money after bad?!

It appears, that the managers, professional and others keep on doing OK out of this, wheather the NAV is up or down. Nice game if you can get in @ the right end.

[barrywhit] 24/11/2009 11:05

It will show the AT trade price (SETS) then at end of day will show the mid price between bid and offer, but as there is such a large spread between bid and offer, we go from gainers leaderboard to losers leaderboard in the same day sometimes...........lol

[asmodeus] 24/11/2009 10:03

And now they're showing Current same as Bid! (10.03 a.m.)

[jl202] 23/11/2009 14:41

How is AFN showing current above offer?

jl.

[andrbea] 23/11/2009 14:00

rose Friday & today (15%)

[billthebank] 20/11/2009 00:06

Warranty Spoke too soon. Down we go again so frustrating & the spread is huuuuge again Really don't get why the mms are trying to discourage trading in this share. Really annoying. Personally I will wait until we are back in double figures b4 deciding what to do. I wonder when we will get news re the banking arrangements. Prima facie it appears that there are no real concerns as having stopped paying a divi the Bank seems happy to to accept the overall indebtedness is falling whilst the fund's asset base has stabilised. Prob the bankers have more serious problems of their own to manage!!!!

[warranty] 18/11/2009 18:51

Looking strong now.

[jl202] 17/11/2009 17:26

Close down after huge intraday spike more to form,

jl.

[warranty] 17/11/2009 16:18

MNR bid and the new optimism about commercial property helping the price today.

[gdasinv2] 16/11/2009 15:59

seems like few profit booking -- will buy when goes back to 5.5

[jl202] 16/11/2009 15:18

More of the same please - any news? Lots of buys,

jl.

[asmodeus] 16/11/2009 15:05

"Up 20.5%" at 6.0p now (15.05)

[gdasinv2] 16/11/2009 14:43

10p in 2 wks and then no stop until 40p by Feb

[ihavenoclue] 16/11/2009 08:50

Graph is starting to look a little stronger