Mapeley Share Discussion Threads

[gsands] 07/11/2008 15:26

Been adding today at 270p.

Shame to have missed the lower prices, but lack of funds at the time meant that I couldn't take advantage.

Still expect to do well over the long term.

[dope007] 06/11/2008 16:36

220p - 280p in an afternoon. That is a pretty decent rise for anyone

[rochdale] 06/11/2008 16:32

vaguely - no resistance on the upside!

Fortress results out as follows:

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Fortress Investment Group
LLC (NYSE: FIG) announced today that it will release its third quarter
results for the period ended September 30, 2008 on November 13, 2008 at
approximately 6:00 AM eastern time.


be interesting to see what, if any, impact their results and foreward statements have on the share price considering the size of their investment in MAY.

[ignoble] 06/11/2008 16:00

Decent volume today & the stock is on the upside ...vaguely encouraging ?

[rochdale] 06/11/2008 13:07

debt getting cheaper by the month!

[pillion] 06/11/2008 11:51

Chartwise I see this co has much further to drop



No advice intended

[ignoble] 06/11/2008 11:46

Certainly wouldn't dismiss that idea
IMHO

[rochdale] 06/11/2008 11:36

well then is the pressure on the share price purely the inferrence that Fortress are in trouble?

[deanforester] 06/11/2008 11:31

Having seen that IMS, I can't see any risk to the dividend, so that means a 40% yield is available.

Wish I had some spare cash to double up my holding. As it is, I need to conserve some for the LLOY open offer in January.

Like you say, GS, they can pay off that loan out of petty cash.

DF

[rochdale] 06/11/2008 09:19

you topping up further GSands - if so then you are a braver soul than I

[gsands] 06/11/2008 09:04

I don't think the company care too much about short term punters and traders.

I quite like this mornings statement.

Any 'real' holders prepared to study the H1 accounts with care will see that Mapeley have enough cash on hand to clear the £60m coming up for renewal in April 2009 (assuming they need to).

[jonwig] 06/11/2008 08:32

MTG: other UK property companies don't use FFO, which isn't a statutory accounting measure. But the notes to the annual report explain how MAY reaches the FFO numbers.

NickCD: quite so - their silence on funding position and covenants is a bit too nonchalant to my mind. If they are trying to give the message, "Funding problems? What funding problems might those be?", I don't think they will succeed in this market.

[m.t.glass] 06/11/2008 07:52

"..This calculation of FFO may be different from the calculation used by other companies and, therefore, comparability may be limited..."

Is it possible to deduce how the figures might otherwise compare?

[nickcduk] 06/11/2008 07:50

Not much meat on the bones unfortunately. Can't see today's statement changing sentiment in the stock. Everyone wants to know about their funding position.

[ignoble] 06/11/2008 07:17

Any thoughts on the Statement ?
I'm no analyst but I don't see any nasties ...IMHO

[gsands] 04/11/2008 16:59

08:56GMT 31Oct2008-Southern Cross soars as gets refinancing
-----------------------------------------------------------
Shares in care home operator Southern Cross soar 43 percent after it
announces that it has successfully concluded a refinancing with its banking
syndicate.
"The market was generally of the view that the refinancing would not
succeed and they would have to resort to existing shareholders. I expect it to
be up 35-40 pct this morning," says Brewin's Sahill Shan.

[rochdale] 04/11/2008 08:47

that hopefully will provide some insight into the refinancing situation

[pillion] 03/11/2008 21:04

Mapeley Limited today announces that it will release an
Interim Management Statement on 6 November 2008
before the commencement of trading on the London Stock Exchange.

[pillion] 03/11/2008 19:12

With Net Debt £1,679.00 m

and a shocking chart surely this is a stonking Sell

dyor,imho

[rupert1] 03/11/2008 18:03

Unfortunatley they only have £60m to refinance in the next 12 months. The rest of the debt is secure for the medium term.

With long contracts to Government tenants these guys look over sold (no I don't hold any!).

[gsands] 03/11/2008 17:51

Loss leader,

Surely the smartest thing to do in a falling interest rate environment is to buy debt?

The outlook for Mapeley in about 12 months could look very different to now.

[loss-leader] 01/11/2008 19:34

If southern cross can raise £70m in these troubled times at Libor + 3% (and rose 50% on the announcement today).. I would think that the very worst deal MAY could get next year will be at this level.

What value MAY with refinancing at next year's Libor + 1.5%?

ll

[nickcduk] 31/10/2008 12:42

I would have been tempted to pick a few up on the spike lower. Currently priced as an option on whether MAY survives or not. The write downs on their portfolio shouldn't be as aggressive as others as they are already on pretty high yields. I think they will survive and the shares will recover over time. That could be said about most property companies at present though. Results should give us greater clarity.

[gsands] 31/10/2008 12:36

Thanks for the post Nick.

I love it when analysts advise to sell at the bottom. Classic.