Max Prop Share Discussion Threads

[envirovision] 04/10/2011 11:30

ALL TIME LOW BELOW IPO

[skyship] 03/10/2011 08:36

More chunky buys coming in again this morning - two trades totalling 394k @ 103p so far...

[skyship] 29/9/2011 15:36

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.

[jlo10] 28/6/2011 11:17

Thanks for posting

[skyship] 28/6/2011 08:39

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!

[skyship] 15/4/2011 15:31

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.

[joe say] 06/10/2010 08:45

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 ?

[ydderf] 20/5/2010 14:09

is there a divi?

[cambium] 25/1/2010 14:09

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
buildings)
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)

[cambium] 25/1/2010 13:57

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.

[cambium] 21/1/2010 15:59

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.

[investinggarden] 12/11/2009 11:31

Picking AIM's property performers

[meljohn] 07/10/2009 11:40

Wil do.

So, the RNS confirms the completion of the acquisition. And the market appears pretty uninterested ...

[cambium] 06/10/2009 09:39

I am away tomorrow, keep an eye on things for us John

[meljohn] 02/10/2009 14:12

Quiet here. Perhaps things will warm up a bit after 7th October.

[cambium] 30/8/2009 20:40

Portfolio purchase update




Following extensive discussions with the Receivers of Industrious Group, the
Board of Max Property Group Plc ("MPG") can now confirm that completion of the
7.6m sq ft portfolio is expected to occur by 7th October, as previously
announced.


On Friday, 21st August a claim was issued in the High Court by an interested
bondholder against the holding company of the portfolio (in receivership) and
the Security Trustee. MPG is not a named party in this
litigation. Notwithstanding this litigation, the Receivers of Industrious Group
have confirmed to MPG that the sale as referred to in MPG's announcement of 5th
August has now gone unconditional.

[jeff h] 25/8/2009 13:08

kiwi2007 - well I would like that buy to have been mine but alas I can't claim the credit for it.

I bought 5k @ 120p - perhaps it's gone through on Plus

[kiwi2007] 25/8/2009 13:03

'a few' !!! The only buy showing is 100,000 @ 120p - If that's a few what do you call a lot? ;o)

[jeff h] 25/8/2009 12:09

Acquisition back on track - bought a few as seems a good price and more deals may follow.

[kiwi2007] 23/8/2009 12:28

It's Citi bank that's muddying the deal - apparently they want a slice, or even all, of the action and are owed money as a junior lender to industrious...

[cambium] 13/8/2009 17:01

Nick Leslau's Max Property Group's £245.4m deal for the Industrious portfolio has been thrown into doubt after receivers Ernst & Young said it was unable to complete the sale.



The listed company had expected the deal, at an initial yield of 10.3%, to be finalised by 7 October, but, in a statement today it claimed E&Y was unable to proceed.



Max exchanged contracts on the 7.6m sq ft industrial portfolio on 5 August, part-financed through a £128.3m loan from Eurohypo AG.



In a statement to the stockmarket it said: "The board of Max Property Group has been informed by the receivers of Industrious Group that they have not yet been able to satisfy the conditions to completion of the sale referred to in MPG's announcement of 5 August 2009.



"MPG is seeking clarification from the Receivers and will provide a further update as soon as possible."



All parties refused to comment.



Max was advised by Franc Warwick; King Sturge acted for Ernst & Young.