Matrix European Real Estate Share Discussion Threads

[nigelwestm] 15/2/2011 16:07

mexical. It's a word used by people who clearly have never worked in the City. "Basher" is far better.

[zangdook] 15/2/2011 11:54

If there's a buyer there might be a bid coming, perhaps. I'd be sorry to lose this one, it's always the ones you're happy with that get taken out.

[mexical] 15/2/2011 11:46

Yes " de-ramper" is such a chav- bound non-word, like calling someone without a car a de-driver

[geng] 15/2/2011 11:43

The L2 bid just keeps coming and moving up. I haven't seen it so strong for years.

With very little appearing on the offer until £1.45 I think it will get to this value quite quickly - my view is someone is accumulating!

Just wish I'd been braver at the recent 90p and bought more than I did

[nigelwestm] 14/2/2011 17:07

Another of my commercial property holdings, IERE (which invests in similar areas to MERE), has said it will be making a NAV/IMS announcement for the last quarter of 2010 this Thursday.

I don't have as much invested in IERE as I do in MERE, having found the management of that trust a little disappointing. But could be worth reading through its IMS since it should provide clues about how the commercial property climate in Europe is affecting these sorts of vehicles.

[nigelpm] 12/2/2011 11:12

NigelWest - look back over your posts re: deramping and the point is clear I think.

[nigelwestm] 12/2/2011 10:21

No, I am not a troll. If I have been a little provocative then it was because I wanted to see some reasoned argument, which has since been delivered.

I totally accept that Kimboy is not a "de-ramper" (I so hate that nonsensical term; I prefer basher) and if I have come across as unnecessarily aggressive then please accept my apologies.

Anyway, we are now seeing strong interest in this share, which we should all be happy about. So, for now, I shall shut up until I have snippets of news or research to pass on.

[zangdook] 12/2/2011 08:32

NWM is a troll, best filtered

[nigelwestm] 12/2/2011 08:09

Oh do grow up! I have a core holding in MERE that I don't intend to sell until we either get to 200p (which I believe is fair value) or we get some concrete news that tells me we have reached a level where the shares have become overvalued.

We all have our own investment strategies and when MERE fell below 90p a couple of months back I decided to top up. When they got to 110p and went ex-div I decided to sell those same shares back into the market, prompted by both what I perceived as the negative sentiment I had seen on here (and elsewhere) and the knowledge that MERE has fallen back sharply in the past after going ex-div.

Are you telling me that when you buy a share you never topslice? Even when I am hugely bullish about a share I will take a few profits on the way up because you never know what may be around the corner.

In this case, it seems that someone a lot more knowledgeable than either of us is now accumulating since no retrace has occurred. In fact the shares have put on more than 10% since ex-div.

If we are all holders we should be happy about this and not getting into tit-for-tat arguments.

Good luck with your investments nigelpm!

[nigelpm] 11/2/2011 17:49

NigelWest,

First you accuse a great poster like Kimboy of deramping and then you sell some at 110p. You couldn't make this stuff up!

[nigelwestm] 11/2/2011 16:48

I notice we closed up at 125/127 on volume of just over 40,000 shares.

Must be very difficult for an institution wanting a sizeable piece of MERE to accumulate in the marketplace because this share seems to be very tightly held: in the past I've noticed that even volume of 10,000 shares can see it move down or up quite sharply due to it being rather illiquid.

Interesting times!

[nigelwestm] 11/2/2011 13:39

Hey Kim. I accept that you were just being cautious rather than negative.

Anyway, seems we are on the up here so could be an exciting few weeks!

[kimboy2] 11/2/2011 09:55

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.

[sand dollar] 11/2/2011 09:30

Nigel, probably best not to day trade this share, difficult I know to resist taking a profit, but this is perhaps one to take a medium to long term view on.

[nigelwestm] 11/2/2011 08:26

Hi Kim. I've been in these since 50p, seen them go all the way up to 130p-plus (where I did topslice a few), then somewhat inexplicably fall down to the low 80s - when I bought a few more - just before the recent steady rise to 110p.

I was convinced that negative comments posted here and negative sentiment surrounding the eurozone generally would see these get knocked back down again, so I sold some at 110p on the day MERE went ex-div. Thankfully the fact that MERE is fundamentally undervalued convinced me to maintained a core holding!!

But I take your point!

[kimboy2] 11/2/2011 08:10

Well I haven't sold any and I am meant to be the de-ramper !

Results should be about a fortnight so no doubt we will learn a bit more then.

[nigelwestm] 11/2/2011 08:02

Up again early doors. Someone significant must be accumulating, I reckon.

I, rather stupidly in retrospect, sold around a fifth of my shares after it went ex-div at 110p since the bid/offer hadn't dropped on ex-div day and I expected the usual fall back to below a pound until the run-up to the next dividend payment (even though I know that these are heavily undervalued)

Why do I try and trade these things? Stupid!

[sand dollar] 10/2/2011 15:06

Too true, 8% divi not a bad downside!

[geng] 10/2/2011 14:58

Looks like a nice big Gap all the way from £1.19 to £1.45

coming very soon...
IMHO
--------------------------------------------------------------------------------

[nigelwestm] 10/2/2011 14:57

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!!

[sand dollar] 09/2/2011 19:05

Schroders are launching a Global Property Fund on Feb 18 investing in a portfolio of REITS, another sign of optimism returning to the sector. Lets hope they buy a few MERE shares !

[sleepy] 09/2/2011 17:22

Went ex-div on 26 Jan

[johnv] 09/2/2011 15:39

divi paid on 25th feb

[mexical] 09/2/2011 15:15

Isn`t there a divi due?