Mapeley Share Discussion Threads

[ignoble] 24/12/2008 12:17

Madoff !
GS, one could argue that Gerald Ratner was honest , not exactly a career enhancing move admittedly !
Guess it would not look good if H.M. Government's Landlord went belly-up ! (& Santander's) ...not good for the image & all that

[ignoble] 24/12/2008 12:12

Interesting thought ...Fortress pick up cheap (hopefully) convertible bonds & then start to cover CFD short (albeit covered).which takes the ord'y share price to higher levels !

Pure speculation & no advice intended etc !

[kenatbabken] 24/12/2008 12:07

From a quick read through it seems that if Fortress take up what shareholders
with over 31,555 shares refuse and they exceed 75% of the company the shares will be delisted.It would therefore appear that Fortress were not selling,But
I wonder whether they engineered the price by short selling using CFD,s

[ignoble] 24/12/2008 11:45

Announcement from May ...re issue of convertible bond etc.

[vida] 23/12/2008 18:32

Depends over what length of time they're selling. Type of order.

[johnnygib] 23/12/2008 18:29

Fortress can't be selling or they'd have to announce.

[mitzis] 23/12/2008 17:20

Another last hour sell-off when is this going to end..?

[vida] 22/12/2008 16:38

Johnny - you are correct, but there is a school of thoughts which thinks the travails of Fortress are one of the problems here, and they are liquidating.

[orchestralis] 22/12/2008 16:27

I will blow 500 quid (profit from other investments TW.)on these at sometime, with a view that if I lose the lot then so what, but on the other hand, happy days! Complete Gamble!

[johnnygib] 22/12/2008 10:36

THis a punt only for the lenders and major shareholder. With a market cap of £17m it's effectively valued as a busted flush. Any value will go to the lenders and major shareholder, as they're in the driving seat to supply the cash to keep it going.
Anyone who invests is very very crazy.

[kenatbabken] 22/12/2008 09:07

While the company fails to inform the market of their position or at least
put out a statement regarding the inaccurate press speculation regarding the
HMRC portfolio it will continue to fall.
If anyone wants to contact them the email addy is [e-mail]

[vida] 22/12/2008 08:41

At what point does this become a speculative punt? Can't use the word investment as carrying values are almost impossible to analyse.

[james t kirk] 22/12/2008 08:40

It's all over the shop today!

[dancing piranha] 20/12/2008 00:22

I'm surprised GSands has any money left, as he was buying loads at 1000p!!

[ignoble] 19/12/2008 19:02

Chunky volume today !

[orchestralis] 19/12/2008 18:09

Hi GSands

I can remember having the following conversation (see below) with you in october regarding the possibility of these going lower and they have. I am still sitting on my hands with this one, but watching carefully. MCAP now £21 million! We need to wait for some positive newsflows and a change in direction. No point trying to guess the bottom. I would rather buy on the way up, if and when it comes.


GSands - 23 Oct'08 - 19:53 - 1301 of 1480


I'm buying more at this price. This is about as daft as crude oil going to $140 a barrel over the summer.

Total madness.

Orchestralis - 23 Oct'08 - 20:12 - 1302 of 1480 edit


GSands,

I would hold on for a while, these can go lower yet. Why are you so keen to buy at this particular level?

[gsands] 19/12/2008 17:52

Crikey - is the share price heading for zero?

[gsands] 19/12/2008 09:39

Do a Google search on 'HMRC' and 'STEPS' (which is the name of the contract between HMRC and Mapeley). You'll find some interesting reading.

[utsushi] 19/12/2008 09:33

Thanks Dean & Ken,

Sale and leasebacks can be onerous as you take a lump sum up front, and are then "on the rack" to keep passing back a fixed sum of rents you receive from the tenants-if you have any.

Re the freeholds, leaseholds to HRMC, it would be helpful to know when the break/expirey dates are, since they were all acquired together they are probabley the same.

HRMC are unlikely to default, but are likely to escape part of the portfolio.

I am not familiar with a set vacation allowance, does anyone know what that means?

[kenatbabken] 18/12/2008 21:30

I,ve always found Nicola extremely responsive and always mails back within a
couple of hours,Ideally I,d like to see the company issue what she told me to the market as DeanForester says it needs a wider audience and I told her so in my
reply

[gsands] 18/12/2008 21:00

Ken,

Thanks for sharing that with us. I've been trying to reach the company by telephone and email, but Nicola Perkins has failed to call me/email me back.

[rochdale] 18/12/2008 17:40

still think the share price here is where it is because of Fortress and the fact that if things do not look up for them their will be a heavily distressed seller in the wings with a huge holding looking to offload

there will be no serious buying of this share until Fortress sort themselves out

[deanforester] 18/12/2008 17:17

That deserves a wider audience.

[kenatbabken] 18/12/2008 16:21

Copy of an email received from Mapeley regarding my query about the HMRC offices

Thank you for your email.
Yes they are contractually bound until there is a lease expiry or a break option. HMRC have a set vacation allowance priced into their contract and to date they have not exercised their full entitlement.
The below article is misleading in that not all these properties are from the Mapeley portfolio and we have yet to receive a formal notice on the buildings within the portfolio. None of these planned vacations are unexpected and they are all within the vacancy allowance priced into the contract.