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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mountview Estates Plc | MTVW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9,625.00 | 08:00:18 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9,625.00 | 9,625.00 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT & SERVICES |
| Top Posts |
|---|
Posted at 23/11/2023 09:54 by greatgiginthesky Another totally boring interim results announcement, which is reassuring for us ultra long term investors. Long term borrowings up by another £9.5m so still buying. Nothing to see here! |
Posted at 16/11/2022 09:13 by twells1 I would be very interested in Jonwig or Konrad's view on the announcement of Mountview on November 14th that the concert party has been disbanded. Does that mean the family is further split? What are the implications of the ending of the concert party?You will have seen the Investors Chronicle long article on Mountview. It is very suprising considering that Mountview is a small company with very few non family shareholders for there to be such a lengthy article. Who provided the information for the article. I noted in the article the comment on the extraordinary level of remuneration of the CEO for such a modest company and who is also very incentivised by his large shareholding. I appreciate that a valuation of the assets would be of no benefit to the company who buy and hold assets until the property is empty but it would be of benefit to shareholders of what is a PUBLIC company in allowing investors and shareholders to have some idea of the real value of the assets. We also have no idea of the succession policy of the company which considering the age and shareholding of the CEO is of importance. It is inevitable that Talisman will eventually buy out both the Sinclair and Murphy families but at what price and when? |
Posted at 06/7/2021 23:16 by strathroyal Whilst the volume has been higher the last few days, nevertheless there has been no real volume and I for one can't see any sign of a takeover. Perhaps the prospect of a revaluation has got some investor(s) anticipating a substantial NAV increase. Wouldn't be a surprise considering that Note 4 of the accounts continues to suggest this.The other possibility is that if we have now reached the stage where few of these tenancies are coming onto the market, then MTVW will start to throw off significant amounts of cash once the long term debt has been repaid. As the company is unlikely to be able to buy back shares, the prospect of special dividends arises. |
Posted at 07/6/2021 15:39 by undervaluedassets Well I have had a largish nibbleThe last full year report from the company was justifiably cautious when it came to residential valuations given Covid. That caution looks overdone to me now given the madness in the housing market. (I should know I am trying to buy a house). The shares have gone sideways for the last 6 years. Meanwhile the residential property market has definitely not gone sideways Sooo... the residential property portfolio is due a re-rating. When people get nervous in this country they don't buy gold, they don't buy bitcoin they buy houses. I think more importantly investors will end up here because they too are thinking along these lines So, given everything I see little downside here and, in the interim, I get paid to wait. |
Posted at 24/5/2021 07:22 by ydderf Interesting conflict with insider and outsider shareholders being played out, nothing will change but a little more scrutiny will result. Not that any of this matters, buying the shares is buying the UK housing index at a discount and receiving a dividend for the privilege. One of the few real investments available to rational investors during the crazy new normal where City hacks describe Bitcoin as an 'investment' |
Posted at 24/11/2016 08:09 by jonwig H1 results. From what I can see turnover and profit fall are down to the sd rules introduced by GO, causing deals to be made before March 2016 rather than after.Will the autumn statement benefit MTVW at all? Possibly, as more BtL investors throw in the towel. |
Posted at 04/8/2015 12:44 by eggbaconandbubble Jonwig, thank you for the link. It answers all the questions. good one.Brahms, my take on the current state on the Btl market especially in the SE is that everyone makes money except most likely the (new/recent/future)i Over the last 20 years the landlords have done well in both income return and capital appreciation but as of late the returns have dwindled to a level that it is hardly worth the effort and capital appreciation must soon start to grind to a halt as well (SE & London anyhow)if not go in reverse! OK, loans are currently very cheap but can only and will start to rise. Rents are very toppy too. Legislation is getting worse, more onerous and therefore more punitive. Along with pensioners, BtL landlords are a sitting target for being squeezed by the Chancellor. On top of all that I wonder how many potential investors realize that on top of income tax on rental income that they will finally have to pay CGT when they sell their investment. At present, that is at an uncomfortable level (a property sale is always going to be in the higher tax band) but just imagine in years to come when there is the likelihood of a Labour govt.! And possibly under Mr Corbyn to boot. CGT could well be over 50% Now that the world and his wife are in the know and talking about BtL around the dinner table, I get the feeling that it is no longer an attractive investment. That said if as you say you have had your properties for sometime they no doubt are showing a handsome appreciation and great annual return on the initial investment. Under those circumstances maybe best to hold on rather than paying tax and then deciding what new investment to make! Especially if one has good long established tenants. |
Posted at 01/8/2015 12:04 by jonwig I think it's just "stick to your knitting". they are good at buying regulated tenancies, and selling when the terms end, after refurbishing.If they didn't sell, they'd just become another BtL investor - which might be their strategy. (Of course, their existing assured tenancies probably come into that category.) I want to ask them at the AGM about future plans as assured tenancy opportunities decline. I think their plans may have to change in view of the dividend tax! |
Posted at 28/6/2015 14:02 by greatgiginthesky Taken from the Sunday Times (for your interest)Raider takes aim at Grainger AN ACTIVIST investor has pounced on Grainger, the FTSE 250 landlord, and plans to push its management to squeeze more cash from its residential empire. Crystal Amber has built a stake of about 3% in Grainger, which specialises in buying regulated tenancies at a discount and selling them on at a profit when tenants die or move out. The activist fund is understood to be interested in realising £500m of future profits — known as the “reversionary surplus” — that are not yet factored into Grainger’s balance sheet. Market sources said Crystal Amber’s appearance could also flush out a takeover bid. Several suitors are believed to be circling Grainger, which is seen as vulnerable because of its sleepy market performance. Unlike those of many other property companies, its shares trade at a hefty discount to the value of its underlying assets. Its chief executive, Andrew Cunningham, a 20-year veteran of the company, is set to step down next year. The board is thought to have identified a successor, who could be unveiled in the next few weeks. Crystal Amber’s raid is the latest in a series by activist investors. Elliott Advisors, a US fund, won a messy fight against Alliance Trust in April, putting two non-executives on the board. With 4,000 properties worth £1.3bn, Grainger has one of the biggest regulated-tenancy portfolios in Britain. These tenants have the right to live in the homes at sub-market rent for life. Grainger buys the properties at an average discount of 30%, collecting rent. When it eventually sells, it collects the 30% profit, or reversionary surplus, and any house price inflation on top. Crystal Amber is thought to be planning to push Grainger to sell the surplus to an insurer or another specialist at a discount for upfront cash. Richard Bernstein, the fund’s boss, said: “We think this is a highly undervalued asset.” However, a source close to Grainger suggested it would resist the idea: “You can’t pick one part of the business and decide to unpick it — it doesn’t work like that.” |
Posted at 25/6/2015 18:55 by jonwig gargle - an analysis on Stockopedia estimates £175/sh, but I don't think he's factored in any London inflation. You can read without registering:I'm an IC subscriber, so I'll pick up anything said. Their "Chronic Investor" blog was a bit scathing about MTVW a while back ... run like a private company and they don't talk to Investor's Chronicle!! |
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