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Share Name Share Symbol Market Type Share ISIN Share Description
Mckay Securities Plc LSE:MCKS London Ordinary Share GB0005522007 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.29% 169.50 162.00 170.00 169.50 169.50 169.50 5,960 16:28:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 25.3 13.2 14.0 12.1 159

Mckay Securities Share Discussion Threads

Showing 1276 to 1300 of 1475 messages
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
27/3/2013
18:37
Decreasingly oversupplied might be more accurate?
sleepy
27/3/2013
17:42
If it were so simple - getting the 10yr might have been a coup compared with 5yrs and no concession. Long leases help with the banks, though that's less of a problem here. And, of course, 2 yrs on ten might be an improvement over the market's three yrs on ten: 'increasingly undersupplied' = 'decreasingly oversupplied' - semantically, anyway.
jonwig
27/3/2013
16:54
Good spot Housemartin2. I've noticed that with some other Property companies. They announce new and extended leases and highlight the higher rent levels obtained, but the news of the extended rent free period is hidden in paragraph eight. When you do the maths and calculate just how much rent they will receive over the life of the lease it amounts to no meaningful increase at all. Who do they think they are kidding?
lord gnome
27/3/2013
16:26
Interesting to see that the RNS mentions Maidenhead in the same sentence as ' an increasingly undersupplied regional market' This is clearly not undersupplied enough as to not require a 2 year rent free period on a 10 year lease !!
housemartin2
27/3/2013
14:38
Today's summary RNS shows their strengths in refurbishing second-grade SE properties and achieving lettings renewals. The discount to nav still seems to reflect their hedging exposure, but it's related to *rising* rates so could even be disposed of at a profit next year ... or next ... or ...
jonwig
28/2/2013
16:14
play of the week in shares mag today, highlights 38% discount to NAV and a prospective 5.9% dividend.
wirralowl
21/2/2013
21:04
The trouble with department store Beale is that Perloff is just after the property assets although I suspect he may have a bidder lined up for the retail, ie. viewing Beale as a potential break-up situation. Heaven knows why he bid 36p a share, although it has given him a foot in the door and, yes, nav is twice the present share price, in theory. MCKS looks more straightforward in that I suspect Perloff feels it is just too cheap. Having how got a stake, he may feel he has an option to offer McKay cash if they ever need finance on the cheap through an equity issue. Chart looks interesting too, I would guess, if it nudges up just a few coppers more.
coolen
21/2/2013
07:32
coolen - I hadn't come across BAE before, but I see what he's after: over 46p of NTAV per share (though that's down from 80p or more a year ago). I presume you hold them - and good luck. Not in my line, though.
jonwig
20/2/2013
20:58
Perloff (and I fully agree he is a shrewd investor) also holds a slug of department store Beale (BAE)which he effectively bid for at 36p. Price now 18p: http://www.investegate.co.uk/beale-plc-%28bae%29/rns/tender-offer/200808040700065187A/ The question for Perloff fans is which of the two targets you go for: Mackay at the 140p level at which he is presently buying, or Beale at 18p, some 50% below his purchase price ?
coolen
19/2/2013
08:28
Many thanks...... and i see some more lsrge trades going through this am. Onwards and upwards perhaps.
janeann
19/2/2013
07:09
And a very shrewd investor! (Hope he isn't losing his touch.)
jonwig
18/2/2013
21:01
It is for Perloff - he's a legend!
topvest
18/2/2013
20:32
OT but Ive just read the last TS from Panther Secuities.(of 3/12/12) out of curiosity; quite a surprise to find it contains the personal ramblings of the chairman. Never thought a TS was the place for this type of thing.
janeann
18/2/2013
16:17
RNS - Holding statement - Andrew Perloff (Panther) has added another 135k & has gone through the 5% level: 2,295,000 shares being 5.002%
skyship
15/2/2013
15:31
agree, not extinct, thankfully - very positive IMS is helpful
alter ego
15/2/2013
12:39
definitely life still here........
janeann
15/2/2013
07:56
Good IMS today http://uk.advfn.com/news/UKREG/2013/article/56316917 Highlights: The most significant event for the Group over the period was the freehold disposal of 100 Bothwell Street, Glasgow (100,270 sq ft) for GBP16.79 million. The sale price represented an 8% surplus over book value (30(th) September 2012) for the property, which was developed by the Group in 1988. The disposal on 4th January 2013 followed the uplift in value secured in May 2012 when a lease extension was agreed with the Student Loans Company. The proceeds will be recycled into commercial property within the Group's core London and South East markets that replace income with the potential to add value through development, refurbishment or active management. The disposal leaves the Group's portfolio located entirely within these markets, split into three main sectors: South East offices 43%, London offices 34%, South East industrial 21% and residential/retail 2% (by value as at 30th September 2012 valuation). ------------------ The Group acquired 66 Wilson Street, London, EC2 in December 2012 for GBP3.6 million at an initial yield of 9.9%. The office building, which totals 12,345 sq ft, was built in 1988 and occupies a prominent corner location just to the north of Broadgate and Finsbury Square. This location is benefiting from increasing TMT occupier demand and the anticipated impact of Crossrail. The building is let until June 2013, at which time either the tenant may choose to extend its occupation or the Group will implement a comprehensive refurbishment. -------------- At Pinehurst Park, Farnborough (acquired in June 2012) planning consent permitting conversion from office to residential use has been achieved for the former Convent (13,400 sq ft), which is being marketed freehold at a price of GBP900,000. Disposal of the Convent was the planned first phase for this asset, leaving the balance of the site (2 acres approx) with a secure running yield (on cost, less estimated net disposal proceeds from the Convent) from the retained office element of 17% until February 2018, during which time the potential for an uplift in value from residential consent will be explored. --------------- Portfolio occupancy (by rental value) increased to 93% from 91% (30th September 2012). The five largest void buildings, totalling 76,000 sq ft, account for 73% of this void (by rental value). These are all located in established centres and are being marketed in good condition to enhance letting prospects. --------------- Rents received within seven working days of the December 2012 quarter day continued to exceed the Group's target of 90%. Tenants paying rents on a monthly basis remain low and well below 5% of rents demanded. There were no tenant insolvencies over the period. ---------------- None of this is new news but presented in one release it looks quite impressive and illustrates managements new attitude.
alanji
14/2/2013
16:05
well its got to 140 on the bid where it hasnt been for a while. odd set of trade data too..... almost completely alternating buy and sells.
janeann
14/2/2013
15:25
movement? Looks about as lively as a dodo to me.
alter ego
14/2/2013
14:48
well starting to show some movement today; about time given the discount to NAV
janeann
28/1/2013
17:10
At 47% LTV is reasonable and similar to peers. Swaps are now aligned with loans. Rates not bad - £75k from 4.8% to 5.17% in March 2014 £25k from 3% to 4.32% in April this year.
alanji
28/1/2013
13:36
MCKS has been trading within the very narrow band of 130p/140p for the past 9months. The problem keeping the lid on the share price may be the relatively high LTV and the continuing trap of their swaps which prevents them going for an early refinancing to lock in the historically low interest rates. I'm sure they would love to "Do a Picton", but it doesn't look as though they will do so... free stock charts from uk.advfn.com
skyship
07/12/2012
14:55
Agreed, the stats of a 6.3% yield and a 43% NAV discount suggest 132p is an attractive buying level. However, with sentiment still against the sector and the indicators in downtrends, I'll wait and watch for the moment. These can move 5%+ in the blink of an eyes, so will set a 125p buy limit just in case... free stock charts from uk.advfn.com
skyship
29/11/2012
15:54
This imho is the cheapest propert company around..a safe 6.5pct yield a high nav of 230p and good tenants....I have a 2qd price target in 2 years time.
patviera
21/11/2012
14:42
Lord G, etc. ... I missed the MCKS results because I was checking stuff ahead of going to yesterday's AGM of Town Centre Securities [TCSC] in Leeds. It's similar in that it has regional expertise, though more retail-focussed. For anyone interested in propcos, it seems that the larger [FTSE100] are fully-valued, and the rest won't get much capital growth until markets recover outside the hot areas of central London. MCKS and TCSC have different skills and areas, but each one appears to be good at what it does. Neither is over-leveraged unless there's a repeat of 2007-09. So no wizardry for a while, but yields of ~6% are attractive.
jonwig
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
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