Matrix European Real Estate Share Discussion Threads

[zangdook] 29/6/2011 10:27

£2.79 at 31 Dec 2010

Has there been a newer one?

[zangdook] 29/6/2011 10:15

I thought it was £2.85 but I might be ood.

[praipus] 29/6/2011 09:48

Interesting situation the only NAV details I can find say it is £2.99 per share!

Is that correct?

[zangdook] 29/6/2011 07:17

I'm not surprised at Weiss jumping in. As you say, it's a vote of confidence - reassuring that they can't be too concerned about the Euro imploding which was one remaining worry. Given the potential returns here, perhaps they'll push on towards 29%.

[skyship] 29/6/2011 07:11

A major vote of Confidence - Weiss have bought 2,199,218 shares (6.12%)

[asmodeus] 23/6/2011 20:31

Said to be a sale.....

[badtime] 23/6/2011 20:04

joh see skys post 2150 ..he seems to hav noticed it :)

[johnv] 23/6/2011 19:34

No your right 7000 or 7k not 7,000,000 (:

Did you notice the 1m trade today

[skyship] 23/6/2011 18:51

johnv

Did you mean 7000km (ie 7million) or did you mean 7k (ie 7000)?

[skyship] 23/6/2011 18:49

badtime - sorry, yes, thought I'd posted as such - perhaps felt guilty! I couldn't resist the 164p to 184p day trade.

Interesting trade today - 1.036m @ 1.71p. Thats a 2.9% chunk!

[badtime] 22/6/2011 19:03

didnt know u sold out sky

[johnv] 22/6/2011 14:23

still buy 7000k@172

[skyship] 22/6/2011 13:59

Bought back in with an exploratory 5k @ 170p.

That was over an hour ago; and since then some institutional buyer has hoovered up in excess of 125k @ the same price of 170p. Looks as though I may not get my 2nd cheaper 5k if they continue....

[johnv] 20/6/2011 12:26

thro barclays, max you can buy is 11k@178 whilst selling 5k@165. Does anyone have level2?

[badtime] 20/6/2011 10:36

ridiculous spread

[badtime] 16/6/2011 18:40

i do hav some IFD...many seem to b pulling bak along with the rest of the market...a period of weakness? do u still hold some HPEQ?...a portiont of cash mayb useful ..as i think better buying opportunities will arise

[skyship] 16/6/2011 18:32

Hi Badtime - will certainly be back in should there be an opportunity below 170p.

Have you seen Alan's post with a property companies resume on the CP+ thread? An excellent summary of the many plays in this secondary/tertiary theatre.

No doubting that the Best Buys currently are IFD & MCKS...

[badtime] 16/6/2011 18:19

buying anymore sky?

[badtime] 08/6/2011 19:30

inevitable profit taking i guess

[skyship] 04/6/2011 18:54

MERE v. TEIF.......the race is on for the first to fall to a bidder.

At the moment my money is on TEIF after that 6.4% changing hands yesterday!

Happy days returning for the small property plays...

[geng] 04/6/2011 18:15

I think there may well be a buyer for the whole lot.

They gave notice to the fund manager in Jan 2011 and Karoo bought 10% in April 2011 - only a few weeks ago - this disposal plan must have been known at the time.

Still have to wait for shareholder approval - but wouldn't suprise me if straight after approval we get an offer for the whole lot.

That is if we don't get a bid for the company in the meantime from Karoo.

If not enjoy the gentle flow of cash in dividends and special payments. I would expect the next divi due in a few weeks to also be increased.

[tinytim30] 04/6/2011 16:28

240/250 dont forget the divi

[nigelwestm] 03/6/2011 16:44

Hey Mathis. I was only joking. As far as I am concerned, if you are right and these are "only" worth 240p after costs then I'm happy to hold a few until they dispose of everything.

Indeed, it wouldn't surprise me if they sell the odd property at a premium. They've done it before. And, as has been pointed out above, the rental income alone should be enough to pay off everyone involved in running MERE.

[mathisvale] 03/6/2011 13:05

NigelWM

I am not trying to be a wet blanket or urging you to sell. I am just trying to work out how much each share is worth AFTER all the costs are considered. That seems to me to be a prerequisite before deciding whether to buy, sell or hold after this RNS

[nigelwestm] 03/6/2011 10:57

i.e. Special Dividend City, Arizona!