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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
  -3.00 -1.54% 192.00 187.00 193.00 195.50 187.00 195.50 60,730 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 29.3 9.5 8.6 22.4 180

Mckay Securities Share Discussion Threads

Showing 1276 to 1300 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
09/5/2013
13:59
Sorry confusing ! Better read as - The sale is only 11% of his fund's holding in MCKS. Retains over 2m shares in MCKS
housemartin2
09/5/2013
11:03
Only 11% of his fund's holding in MCKS. Retains over 2m shares
housemartin2
08/5/2013
13:21
coolen - it's 250,000 shares within his pension fund. I doubt it's a significant disposal, and surely not a transfer out. Relax!
jonwig
08/5/2013
12:17
On the surface, Perloff appears to have become less bullish since his recent purchase at around this price -if so, any reason do you think ? If not, is Perloff just punting in and out ?
coolen
08/5/2013
08:07
Perloff slightly reduces his holding: http://uk.advfn.com/news/UKREG/2013/article/57458361
skyship
01/5/2013
12:30
Er a bit over excited on 25th April clearly !
housemartin2
25/4/2013
11:56
Jonvig, yes I knew but could not get a decent picture off the site this morning so thanks for this. Well given its more than 1 floor then the footprint is less than 0.3 acres so I think that makes me even more excited about the potential value of the rest of the site. What do you think about Office to Residential for other McKay properties ? obviously only a minority of holdings could qualify but its all in London & SE where strong pressure for more housing and a real economy going on. Change use/ flog off / buy-develop more offices / faster rent growth / faster divi growth for us. yum-yum
housemartin2
25/4/2013
11:11
Housemartin - this is the old convent building they've just sold: ... and this shows the IBM offices:
jonwig
25/4/2013
10:59
Bodes well for the rest of Pinehurst Park if 13400 sq feet ( which I think was one storey, tell me if I am wrong) is enhanced by such an amount on getting residential permission. The whole site is 2.8 acres and 13400 sq ft is c0.3 acres. Looks like change of use was not too difficult to obtain with this Authority given the timing between acquisition and change. However its several years before the IBM lease expires and a lot can change by then (esp politicians) On a more general footing, office to residential is currently in favour. I wonder how much of McKay's Estate could lend itself to further enhancement
housemartin2
25/4/2013
07:15
You're right, Lord G. That's one thing about housebuilders' balance sheets: "strategic land holdings" tend to have no residential planning permission and are valued accordingly. When the permission (inevitably) comes, the values are raised a good whack.
jonwig
25/4/2013
06:51
I think that just shows the difference between residential land values and housing land values, jonwig. My district council has just purchased land adjacent to an industrial estate for £200,000 per acre. Last year, when the developer had ambitions to get planning permission for housing on the site, their price was £1,000,000 per acre.
lord gnome
25/4/2013
06:32
Value a building at £750,000 and sell it within a year for £1.2m. How come? Residential use. Housebuilding in the SE must be back in boom mode.
jonwig
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
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
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