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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Matrix Eur | MERE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 106.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 106.25 | 106.25 |
| Top Posts |
|---|
Posted at 13/7/2011 15:51 by sand dollar Treating the proceeds as capital gain/loss makes good sense especially as some big original investors are sitting on some substantial losses. It will be interesting to see what price they get for their first sale, if this is close to it's NAV we could see people jumping on board, and the share price increasing. You will still have the option of selling your shares or waiting for further property sales. Not a bad position to be in. |
Posted at 07/3/2011 08:03 by tim000 Looks OK, but of course they need to sort out their problem properties to get the portfolio valuation moving north. That will be the key driver of the share price for investors. |
Posted at 11/2/2011 09:55 by kimboy2 I certainly didn't view my comments as negative. The NAV is around 280p. Within that valuation there are some assets doing better than others. One way for the NAV to improve is for the worst performing assets to improve, so it is natural that an investor should focus on these. That is just common sense rather than negative sentiment. If I was negative I wouldn't be here. This is a medium term hold. Eventually the NAV gap will close, eventually the valuation yield will fall from 8% to around 6% and eventually rents wil rise in line with nominal income. Plus a dividend while we are waiting. |
Posted at 10/2/2011 14:57 by nigelwestm Looks like they might have started, sand dollar! The shares are up a bit today. It's high time some professional investors recognised the inherent value here!But even if we don't go much higher I'm happy to keep receiving my 8-9% in dividends!! |
Posted at 25/1/2011 21:33 by a75 sounds daft but i have actually had almost 100% success with trading this share over the last 18 months, (i mean using 3 month cycles or so) seems so solid and moves around 35% not sure how long it will continue or whether we will enter a new range soon but it always comes back due to the divi and and sensible borrowings. agree these original investors probably wont come back so leaves room for us PIs to make a little for once without needing inside info. its all plain common sense info (i hope).on the more important subject of frankfurt can someone remind me what % of the portfolio/income it represents and the 60s thing does concern me. |
Posted at 24/1/2011 22:34 by kimboy2 Thanks for that. It doesn't loo as though Europort is going to improve quickly. It seems to me as most of the newbuild is still to be built.As for a meeting with investors why not suggest it to Carmensfella to see if they are up for a free meal. |
Posted at 24/1/2011 21:47 by kramch I spoke to the Matrix today, as I wanted a plan of Europort. A constructive conversation (which is a change from some companies!).I then spoke to an old friend who manages a similar site nearby which has c 25% voids. There is a lot of new build (including iconic offices) going up locally. This is showing up the secondary '60s stuff as very dated, and rents are falling significantly. MEREIT are paying down some of the FX liability, and would take advantage of any strength in sterling to reduce it faster. The loss is in the accounts, but the cash still has to be paid over by June 2014. They would be happy to meet a few private investors, preferably after the results are out in March, to discuss the fund. Any takers? I didn't ask about the IBM Nice negotiations (which are 10% of the fund's rent) but I can't imagine them needing the same amount of space with everyone working from home (as I would if I lived in Nice!). K. |
Posted at 23/1/2011 11:37 by nigelwestm This is a great share to hold. The reason that the share price is so low is that the original investors targeted by the trust have seen their investment fall significantly.Relatively new investors who have got in over the past two years, like myself, have enjoyed great returns so far. But since this is a share that noone in the financial press seems to write about there only appears to be a handful of people involved here (probably a few private investors with a good nose and lots of dosh). I can't imagine the people behind MERE can go to the usual property investors who invest in their funds and say "I know that we have lost 80-odd per cent of the capital you invested over the past four years, but we're coming back." Even institutions will be twice shy after they have been bitten once, despite the value here that is obvious to the rest of us. I think it is going to take time, but value will out here. Meanwhile, I am happy to take 9%-plus in dividends (actually more like 15% given my average price) for my trouble. |
Posted at 20/1/2011 09:17 by kramch Not great, Frankfurt turning into a disaster area, voids up from 29% to 36% even after new lettings, does anyone know what's the problem with this location? They're desperately trying to hang onto IBM in Nice, and now Mgt are getting really concerned about their FX liability crystallising in 2014. I don't understand why these funds can't borrow in Euros to fund euro assets instead of taking out hedging contracts. Investors think they're buying European commercial property with the risks and opportunities associated, then find they're in a hedge fund! K. |
Posted at 20/9/2009 20:50 by affc21 The Sunday TimesSeptember 20, 2009 Where the wealthy are investing their money Here, we look at five ways the rich are investing their money: 1 COMMERCIAL PROPERTY The drop in prices has raised rental yields from about 4.6% two years ago, to 7.9%, and affluent investors are buying bargains. Bill O'Neill, portfolio strategist at Merrill Lynch Global Wealth Management, said: "Commercial property in Europe and the UK has been neglected by investors. Worries about companies' financing persist, but it does mean this area is cheap, particularly in the UK." Three-quarters of private banks surveyed by Hotbed, an investors' network, said they believed the coming year would be a good time to invest in the sector, compared with only a third in 2008. Several firms have launched commercial property funds recently. BDO Stoy Hayward Investment Management has just started the UK Strategic Income Property fund with Coba Asset Management and Strutt & Parker, the property consultant. The fund's target is a total return of 10%, with the managers taking a performance fee of 20% of anything earned over that. The minimum investment is £100,000. Seven Dials Fund Management has launched the Lightstone Prime High Street fund, which will buy shops in towns and cities such as Chester, Kingston and Canterbury. Astrid Cruickshank, the manager, said: "The unprecedented volatility we have experienced over the past 18 months has given rise to an increasing number of opportunities at prices that are very attractive compared with historic levels and offer long-term performance potential." Clavis Walden is planning to launch the Property Authorised Investment fund in November. It will invest 80% in bricks and mortar and 20% in shares, and aims to pay investors 7% a year. In another sign that confidence is returning to the market, brokers such as Bestinvest have begun tipping the New Star UK Property fund again. It once held more than £2 billion of investors' money, but is now worth £635m because of huge outflows and poor performance. It is down 23.3% in the past year and is yielding 5.9%, according to Trustnet, the data provider. |
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