Invista EUR Prf Discussion Threads

[badtime] 21/2/2014 17:28

Oh com on Gary it has narrowed to 52/59 :)

[gary1966] 21/2/2014 15:50

The thing I like about this stock is the narrow spread!! :-)

51.75-59 as I type.

[mozy123] 21/2/2014 09:37

Great call yesterday on the SHA thread Sky.

Preffereds covered 1.21 times NAV.

@ 54p any buys covered 2+ times.

Still a huge punt. Cerberus could just order a fire sale and wipe out ords and prefs.

The management have had years to sort this problem out yet the sales trickle. Hardly a state of panic at the board of IERP at the risk of wiping out thier shareholders.

[badtime] 21/2/2014 09:19

Thts nearly ten grand u found down the back of the sofa sky :)

[scburbs] 21/2/2014 09:13

Kenny, It is a punt, maybe a punt that will pay off, but it is certainly not anywhere near a no-brainer! The company is in a bad way and the prefs are along for the ride.

[kenny] 21/2/2014 09:08

Also, with the portfolio valuation now at a net yield of 8.32%, excluding voids at 14.8%, that should prove pretty attractive for refinancing. In reserve, so to speak, is the 14.8% of the portfolio that is void, which will improve LTV or net required for refinancing by either being let or sold - whatever figure they achieve on a sale or let.

IERP may not quite be a no-brainer but close!

[skinny] 21/2/2014 08:49

I hold these from 44.30 - I turned down a purchase @48p earlier in the week thinking they might come back a bit - trades @53p going through this morning - heyho!

[kenny] 21/2/2014 08:44

Yes, they have more than one iron in the fire, in terms of refinancing.

[envirovision] 21/2/2014 08:31

The ism sounds hopeful

[kenny] 21/2/2014 00:52

Recovery perhaps? Some comment:
hxxp://www.whichinvestmenttrust.com/property-investor-update-invista-european-recovering-uk-commercial-property-slashes-dividend/

[skyship] 19/2/2014 15:07

BT - I wish!!! Of course, I have been known to support other people's chateaux and vineyards...

[badtime] 19/2/2014 10:36

Gary i think tilts actually rounded it up as well ..have you visited his chateau and vineyard?

PS i nibbled on a few first up...i see the 'Sky' effect has moved the share price up

[envirovision] 19/2/2014 09:34

Lol sky, last of the big spenders

[gary1966] 19/2/2014 09:18

0.01%, crumbs you're wealthier than even I thought Skyship. I will pay even more attention than I already do to the stocks you are invested in. :-)

[skyship] 19/2/2014 08:04

Won't quibble over a decimal point!

AlanJi feels there may be value in the ords; so if he is right then obviously the prefs have total value. There are 29.1m of these, so it would take quite a writedown to leave them totally underwater.

[tiltonboy] 18/2/2014 21:45

It's only a 0.1% unit for SKY!

[badtime] 18/2/2014 21:12

Sky...u feeling flush? Punt at £4500 quid :)

[spittingbarrel] 18/2/2014 20:45

Thanks SKYSHIP

[skyship] 18/2/2014 18:15

As per Post No. 16:

[spittingbarrel] 18/2/2014 18:13

Does anyone know where I can find a prospectus for this Pref?

[skyship] 18/2/2014 16:09

I reckon it could be time to have a few - a total punt in my book, but the Risk/Reward makes it a reasonable play, so bought 10k @ 45p.

[envirovision] 18/2/2014 15:58

Latest disposal does inspire some credibility

[loobrush] 18/2/2014 15:56

Latest RNS sale of asset at £6 million in Czech.
At this rate refinancing will be achived end March which ,if ok, will see this price go to £1.00.
Currently 44p paying 18% annually the prefs are a great bet on the recovery-could be the best property bet this year !