||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Max Prop Share Discussion Threads
Showing 26 to 48 of 50 messages
They're saying...if Max goes down...the bondholders go down with it.|
|Could be the next RXP|
|bought 96171 This is going places|
|I think so little minx|
|This looks like it extend it's all time highs tomorrow. Expecting 5% fairly comfortably|
|So is this worth investing in again?
Held it many years ago and always keep it on monitor.|
|On 16 September 2013, the Company received notification that, as of 9 September 2013, Outrider Master Fund, LP held a beneficial interest in 223,984,937 ordinary shares in the Companyrepresenting 10.3% of the total voting rights attached to the issued ordinary share capital of the Company.|
|No doubt there is value here now that the shares trade at a reasonable NAV discount - now 18%. However:
# there is no dividend
# there are still 4yrs to go before the intended wind-up
# they paid a bizarrely high 9% coupon for extra funding firepower and also gave away equity upside. This when their peers were refinancing at rates below 5% with insurance companies and pension funds. WHY?
One still for the back-burner....meantime make money from APT, CIC, DSC...|
|added to the isa|
|ALL TIME LOW BELOW IPO|
|More chunky buys coming in again this morning - two trades totalling 394k @ 103p so far...|
|free stock charts from www.advfn.com|
|Bought back in here. A few earlier in the week @ 105.6p , then a small top-up today @ 102.75p after reading of the encouraging Director purchase.|
|Thanks for posting|
|If anyone interested, MAX made a massive acquisition today - no ADVFN newslinks - go to:
I'm out incidentally, once again better value elsewhere - IFD @ 38p being the best!|
|Hmm - no post for over 6months - hardly what you would call "On the Radar"!
Anyway, personally I think there could be value here now @ 103p. Limited downside as likley to be support again @ 100p. Also NAV c.124p.|
|seems that this share has awoken from its slumber following the High Wycombe transaction.
However, does anyone know if there's any other reason why this seems to have come back to life ?|
|is there a divi?|
|The individual assets are:
Concorde Business Park, Manchester (125,000 sqft in five buildings; peppercorn
leasehold 105 years unexpired)
Brooklands Business Campus, Horsham (116,000 sqft in two buildings with consent
for a further 100,000 sqft)
Centric MK, Milton Keynes (107,000 sqft)
Westpoint, Manchester (104,000 sqft)
Silbury Court, Milton Keynes (77,000 sqft)
3500-3700 Solent Business Park, Fareham (71,000 sqft in three
Overbridge Square, Newbury (66,000 sqft in five buildings)
New Bond House, Bristol (47,000 sqft)
Aldrin Place, Farnborough (25,000 sqft)
Workplace, Milton Keynes (27,000sqft)|
|Max Property Group has acquired ten office investments from UBS Triton Property Fund for £36.5m plus acquisition costs.
The 760,000 sqft portfolio produces a rent roll of £5.0m pa and is 46% vacant by floor area, with a rental value on the vacant space of circa £3.5m pa. The net initial yield on the transaction is 12.7%.
The total cash requirement for the acquisition is expected to be £38.9m, to be met from the Group's cash resources.
Max reported a pro forma cash balance of £113m in its interim results statement as at 30 September 2009. Adjusting for this acquisition and for the disposal of Southwood Business Park which was announced on 30 December 2009 and which completed on 21 January, 2010, the Group's pro forma cash balance is c. £84m and net debt in the Group amounts to c.£36 million.|
|Max Property Group Plc (MAX.L: News ) said it has exchanged contracts for the sale of Southwood Business Park to Scottish Widows and Centurion Properties for £16.5 million. The property, located in Farnborough, comprises a 152 thousand sq. ft high office content industrial estate built in the late 1980s, producing a gross rental of £1.696 million p.a. and will be managed by Centurion as part of the pair's Active Industrial Portfolio joint venture.
The sale price represents a profit to Max Property Group of £1.8 million over its September valuation.|
|Picking AIM's property performers
So, the RNS confirms the completion of the acquisition. And the market appears pretty uninterested ...|