Matrix European Real Estate Share Discussion Threads

[n1mgn] 01/4/2010 15:36

ill take 20p and be a very happy easter bunny ,

where is the news , so frustrating

[geng] 01/4/2010 13:13

Wouldn't that be great if it got back to 40p per year dividend?

My original purchase here was at 35p - I'd be getting +100% return every year!!! not to mention the capital growth!!

[sand dollar] 28/3/2010 17:17

Zero as you well know, my point is that sentiment is beginning to change, and commercial property will appear on more investors radar, and yes MERE will return to paying a dividend, income generation is the only long term reason for their existence.

[asmodeus] 28/3/2010 14:41

What's the yield from MERE then?

[sand dollar] 28/3/2010 12:06

A friend of mine is in the commercial property business, and his comments yesterday were that the Pension Funds and Sovereign Wealth Fund were currently pilling into commercial property. The pension funds in particular need income and where else can they get it, even with the yields dropping as a result of the money flooding in it is still far higher than other asset classes are able to offer. The market is yet to catch up,and when it does these prices will look very cheap. With the IZD sale on top of this you couldn't be in a better place in my view.
No ramp intended, just interesting to hear the views of someone with his nose close to the ground.

[phil1969] 27/3/2010 09:10

Karldinnel

You are right to be suspicious. I too have been watching the MM's drop the price without any trades trying to rattle a few weak investors and get hold of stock otherwise they won't have any stock to sell back.

If no RNS on Monday and MERE are still 120p on Monday morning i'm adding to my holding.

[karldinnel] 25/3/2010 17:53

I'm no chartist (don't really believe in it) but it is interesting that there seems to be a slight dip before every announcement or news leak...

[johnv] 25/3/2010 17:25

Thanks A75, didnt know that

[a75] 25/3/2010 16:16

johnv you can get more, click market data

[n1mgn] 25/3/2010 16:08

thanks boys , i already have a good holding but am looking to buy some more around 110 , hopefully i get them , but wont be unhappy if it flies ,so frustrating all this waiting

[johnv] 25/3/2010 15:43

The most you can buy thro barc is 4k@115.18p now

[johnv] 25/3/2010 15:41

Tis pity you only get the last 5 trades on plus

[johnv] 25/3/2010 15:00

114.49p thro barclays

[n1mgn] 25/3/2010 14:52

what price you guys get ??

[karldinnel] 25/3/2010 13:58

I just topped up...

[asmodeus] 25/3/2010 13:07

The Board of Matrix European Real Estate Investment Trust Limited confirms that the Annual General Meeting ("AGM") of shareholders will be held at 10 am on 8 April 2010 at the Company's registered office, Sarnia House, Le Truchot, St Peter Port, Guernsey.

[raisinwheats] 25/3/2010 12:50

AGM 8th April 2010.

[n1mgn] 25/3/2010 12:21

might give me a chance to buy back my shares i sold in error at 1.07 a few weeks back , brokers got the order ,

when the agm , isnt it first week of april , maybe they are waiting for that before the deal going through , any ideas ??

[geng] 25/3/2010 12:06

Final shake before the off????

[tim00] 20/3/2010 09:35

The fix will coincide with the length of the LBG loan, ie to January 2014. I would imagine the rates will be better once IZD is sold and the company's liquidity is much improved. The fact that they initially said the fix would be carried out soon after the refinancing was signed off suggests they thought IZD would be tied up quickly. So did I! I was definitely wrong on that, for reasons we may never know...

[a75] 20/3/2010 09:31

thats interesting , how long can they fix for. if five years and currency hedged this is such a simple business. its also pretty easy to understand.

[tim00] 19/3/2010 18:49

As I understand it, MERE will fix its interest rate on the LBG debt once IZD is sold. (MERE had stated that it would fix the rate within 30 days of the LBG refinancing being signed off, but I don't think it has happened yet.) It is helpful that euribor rates have continued to ease lower: the 3 month rate is currently at record lows. This of course will have a modest beneficial impact on future interest payments.

[geng] 18/3/2010 17:24

Bid creaping up each day now - must be about to move up again