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MERE Matrix Eur

106.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Matrix Eur LSE:MERE London Ordinary Share GG00B7GHJ063 PART PREF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 106.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 106.25 GBX

Matrix European Real Estate (MERE) Latest News

Real-Time news about Matrix Eur (London Stock Exchange): 0 recent articles

Matrix European Real Estate (MERE) Discussions and Chat

Matrix European Real Estate Forums and Chat

Date Time Title Posts
31/10/201219:08MATRIX EUROPEAN REIT2,309

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Matrix European Real Estate (MERE) Most Recent Trades

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Matrix European Real Estate (MERE) Top Chat Posts

Top Posts
Posted at 06/7/2012 13:20 by n1mgn
if i have worked it out correctly the nav is still around 230/40 so personally i think the recent move south has reflected this , with a great income stream i dont see why we anywhere near this price, even if the value fall another 5% would give us a nav around 2 quid , and 10% 175 , i think ???
Posted at 26/6/2012 20:09 by n1mgn
hi all,

does anyone know what the surplus cashflow is now ? i guestimate it to be approx 15p a share ?? hope someone can help ?
Posted at 01/5/2012 07:43 by nigelwestm
I see they've finally completed the sale of the Celle property in Germany at a small premium to what it was valued at on 31 December: €9.8 million as opposed to €9.4 million.

If they carry on doing this then the share price should start to converge with NAV per share and we'll go above £2.
Posted at 25/4/2012 08:15 by nigelwestm
Yep... share price fell but given that we know they plan to continue to sell assets at a premium to NAV and are buying back shares for a price that is well in excess of the current share price buying more of these is a no brainer. Every time that they return cash to me I use it to buy more MERE shares.
Posted at 02/4/2012 16:54 by zangdook
The Second Redemption will be effected at the Redemption Net Asset Value per share as at 30 March 2012 of 246 pence per share.

Better than 238, I suppose.
Posted at 31/3/2012 10:03 by skanjete2
The calculation of the NAV seems to use the correct number of shares, so the NAV/share seems to be right.
The statement "of which 10p is attributable to the distribution made on 26 October 2011" in that case is of course wrong.
Posted at 31/3/2012 09:55 by jonwig
Z - you're right, in fact the redemption shouldn't have any effect, apart from costs.
Last October, the NAV was reduced by 3.85% and the number of shares in issue by the same percentage, leaving the NAV per share unchanged.

The 279p as at Dec 2010 hasn't been restated for comparison.
Posted at 31/3/2012 03:07 by zangdook
I'm a little puzzled by this:

We have today announced a distribution of 10p per share, which will
take place by means of tender...

I can't find that announcement anywhere. It's not in the Annual Report; there's no mention apart from that one reference. Did someone forget to release an RNS?
Posted at 18/11/2011 15:52 by zangdook
Please let us know if you get a reply, kramch.

One point - "160p \share NAV" - 160p is not NAV. It seems to be an approximation of the share price. If it's not I don't know how they worked it out. Either way it's an inappropriate level. I could understand employing someone who might be able to get us better than NAV - but he should be paid a share of that excess.
Posted at 29/1/2011 13:28 by kimboy2
I do not intend to sell at the moment and my holding is part of a diversified portfolio of 40 or so shareholdings.

I have no idea what you mean about loaded language.

The valuation yield on 31/12/10 valuation is a yield of 7.96% on an income of E30.2m.

The valuation according to the market valuation of the MERE share price is 10.5% according to my calcualtions.

I look forward to the days of a 6% valuation yield, an increasing rent and no discount to NAV.

It will come one day.
Matrix European Real Estate share price data is direct from the London Stock Exchange

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