Share Name Share Symbol Market Type Share ISIN Share Description
Kennedy Wilson LSE:KWE London Ordinary Share JE00BJT32513 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1,117.2234 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1,114.00 1,115.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 191.50 73.30 49.10 22.8 1,464
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,117.2234 GBX

Kennedy Wilson (KWE) Latest News

Kennedy Wilson News

Date Time Source Headline
16/10/202006:00ALNCIN BRIEF: Kennedy Wilson Europe To Repurchase GBP130 Million In Bonds
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Kennedy Wilson (KWE) Discussions and Chat

Kennedy Wilson Forums and Chat

Date Time Title Posts
25/8/201715:05Kennedy Wilson Europe276

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Kennedy Wilson (KWE) Top Chat Posts

djderry: I should also note that they're getting it at a knock-down price,I would not be surprised if some other group see the value on offer here,notwithstanding the same DNA that links the two companies.( KW is Big Brother).The increased offer means that any investor,depending on their circumstances,will be getting much less under the old offer if they elect to take it (for tax considerations) and also there is still no real premium on offer here.Yes,the share price has gone up,but only because it had gone down as investors realised the deal could not pass muster in its then current form.
mad foetus: Here's what I just sent to Dear Juliana, I am an investor in Kennedy Wilson Europe, and through a number of structures own around xxxxx shares in KWE for my family. Like most investors, and no doubt the board of KWE and the investment manager, I have been disappointed at the stubborn discount to NAV at which KWE shares have traded, particularly over the last 12 months. I have appreciated the attempts that the company has made to reduce the discount, such as the buybacks last autumn. However, they have not been successful. In the meantime, the underlying activity of the company has been, from all the published news, very successful. Property has been refurbished, new leases have been entered into on much improved terms and the company's exposure to the Eurozone looks to have been a very well timed investment. Along with, I believe, the majority of investors, my feeling has been that at some point the value of KWE will become apparent to the wider market and in the meantime I am happy to continue collecting a very healthy and sustainable dividend. The proposed scheme of arrangement with KW. is therefore, from my perspective, unwelcome. There is the practical issue of how to hold US shares, and I understand many smaller investors are concerned that such shares may not be eligible within a SIPP or ISA. There is the additional currency exposure that is unwelcome to sterling investors. But above all, as a European, I have an understanding of the UK and European property market and want exposure to the type of assets KWE invest in. I do not have the same feeling or desire to be exposed to US property. Were the scheme of arrangement to take place at a price close to the NAV of KWE, I would accept it, sell the shares in KWE and move on. However, since the announcement the sharp decline in KW. stock means that the transaction would take place at something like a 20% discount to the NAV of KWE. I would sooner stay invested in KWE and pick up the dividends until the market sees the value in the underlying assets. Failing that, a sale of underlying assets over, say, a 24 month period and a return of capital to shareholders would, from my perspective, be better than the scheme of arrangement, which strikes me as selling KWE cheaply into a merged entity that I do not want to hold. I would grateful if you put my thoughts forward to the board and the investment manager and encouraged them to continue with the good work that KWE has done to date. The market will, at some point, recognise the value in the underlying assets.
bench2: Re my earlier post 227 , Selftrade have confirmed that KW a US quoted stock will not be eligible to hold in an ISA . I will check elsewhere but I think the old restrictions on non EU stocks still applies . Neither set of shareholders will be too pleased with management , as the KW price has fallen by 11.6% to $19.90 and the £/$ rate is now $1.2981 vs $1.2779 in the initial bid document . The current price of KW and fx rate values KWE at 1022p . So the current share price of KWE is tracking the reduced value of the bid . I agree with most posters KWE far superior to KW with better growth prospects , div growth , and higher yield and no witholding tax deductions . The board should be doing a better job .
djderry: The links between KW and KWE are well known.However the independent directors at KWE have fiduciary duties to see value for shareholders maximised and I'm talking about us,not them!! (Although I hold shares in both)
mad foetus: Drop Mary Ricks an email. I think a lot of holders don't want to end up with US shares and I imagine the US shareholders are not that happy with the effect of the announcement on the US share price.
mad foetus: Also, the US share price has dropped a bit the last couple of days and the strike price is now closer to 1100p. I am not sure why we would want to agree a deal at a discount to NAV: surely realising the property is a better bet?
kazoom: Not long before we find out anyway. ;-) Certainly KWH are getting KWE for less than the NAV but for more than "the market" thought it was worth. If the market prices/caps before the deal were meaningful then KWE shareholders are getting a bigger slice of the pie than they "deserved" on the other hand KWH shareholders are getting less. 1110 could well be a good buy price (I honestly don't know) but I think that would be because either one or both companies were undervalued in the first place or because there are actually good synergies/efficiencies to be had. I honestly don't think it's because there is an arb between the market price and offer price, but as I say we'll find out soon!
kazoom: I'm pretty sure that there is NOT actually an arbitrage opportunity between the current price (c.1110) and the apparent merger price (1174). Until and unless any synergies etc. kick in then the merger is a zero sum game. So if the KWE shares have risen (effectively because they are getting the "better" end of the deal) then the KW Holdings shares will fall to balance - and if you do the sums it comes out to around 6%. So expect the KW Holdings shares to open later in the states at around 6% down. and the revise KWE value in the merger will be c. 1110. Maybe a little higher if the market has some faith in the value add of the merger, but I doubt it will be 6% at this early stage.
hugepants: I don't disagree. Worth noting the current share price is at a 7% discount to the recent share buyback price. "Completed £100 million share buyback of 9.8 million shares at an average price of 1,020 pence per share, representing a 17.7% discount to Q3-16 adjusted NAV per share"
mick: Still can't figure out what's causing the continuing weakness in KWE share price - will be in two weeks on 26th Feb. Looks like there is an institution selling down.
Kennedy Wilson share price data is direct from the London Stock Exchange
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