Mountview Estates Share Discussion Threads

[konradpuss] 12/8/2020 19:44

Oh! I did so miss the AGM. It is always funny to see a family 'popping' at each other in public. The management is over paid, however most public companies have over compensated management. The good thing is the business model is not exacting. The most important fellow is the buyer who is not even a board member. Eventually, the buying opportunities will expire and this will be a pure liquidation play. I think you might find a few old tenants were taken by the virus and the sale of those units will be O.K. so an O.K. year coming up.

[jonwig] 12/8/2020 16:37

AGM result: https://www.investegate.co.uk/mountview-estates-/mtvw/result-of-annual-general-meeting---replacement/202008121537479637V/ I see Ms M L Jarvis has changed her name to Ms M L Archibald. The shareholders weren't fooled - they still voted her out. So another meeting to ratify her! What a carry-on.

[konradpuss] 26/7/2020 08:40

Jonwig, I think there is actually a mini boom in the residential market going on right now. O.K. the 'residential market' is a very wide term. Certainly the London suburbs are doing O.K. I think the company will have an O.K. half year. After that who knows with unemployment rates going way up.

[jonwig] 26/7/2020 08:16

I found Benny Hill very funny (though the BBC wouldn't touch him today). Duncan not, of course. Yes, possibly more vacancies as occupants will generally be quite elderly But what about sale prices?

[konradpuss] 26/7/2020 07:52

I see that there will not be the usual family spat at the annual meeting this year as it will not be 'open'. I bet Duncan (I always think of Benny Hill when I see him!) will put off the valuation due to the virus. I wonder if the company has seen an up tick of vacancies due to the virus?

[jonwig] 16/7/2020 18:40

2020 Annual Report: https://www.mountviewplc.co.uk/AR2020.pdf

[jonwig] 19/6/2020 09:54

Maybe it will be this year, when things become clearer. They did see a big increase in receivables (£1.8m, cf £56k) which might have prompted caution.

[greatgiginthesky] 19/6/2020 09:34

With interest rates low and the property market affected this year I would be happy to see gearing ratcheted up. No fears for the dividend.

[nk104] 18/6/2020 10:25

Yes - good results. At least with Mountview there isn’t the worry factor.

[konradpuss] 18/6/2020 08:10

Jonwig, I bet the new Chairman who is much better than the previous wrote it for Duncan! The new Chairman at the last AGM was giving a good commentary on asking all the right questions of the company. The previous one was a real 'yes' man.

[jonwig] 18/6/2020 07:43

Yes, I found them OK. Gearing reduced a lot, a sound move. Investment properties: sale gain £1.174m, overall fall £0.969m; so remainder went up a bit. Mr Sinclair getting really prolix, and almost human in his sentiments.

[konradpuss] 18/6/2020 07:35

Nice results today. Plenty of real cash produced. Rents coming in and gearing down. Dividend remain the same. The next half year results will reflect the 'virus' period - those should be interesting. Now I bet Duncan puts off the revaluation because of the virus! The AGM is to be confirmed as to whether it will be 'in person'.

[konradpuss] 10/2/2020 19:50

jonwig, the Murphys will not give up. I would love to know how the two sides of the family fell out?

[jonwig] 10/2/2020 12:52

A re-run of the 2019 AGM where independent shareholders blocked some appointments. "The wrong is righted", as the company might have said. Also: Following the 2019 AGM in August and prior to the general meeting held on 18 November 2019, the Company identified as far as possible those shareholders who did not support the various resolutions and attempted to engage with them to seek their views. They declined to meet or engage. A plotline idea for Midsomer Murders? Not quite, I hope.

[jonwig] 05/2/2020 07:16

Grainger's trading statement today includes: "Sales income from our regulated tenancy portfolio remains robust and we are seeing early indications of positive market tailwinds, ..."

[greatgiginthesky] 22/1/2020 09:15

Average monthly number of trades is normally around the 30 mark, yet November was 93 and December was 73, during which time the share price has come up from around £100. I expect the BoD will be looking at the share register closely.

[greatgiginthesky] 06/12/2019 19:00

IMHO there is zero chance of a takeover. See my post 387. If anyone would like to disagree I welcome their view. From a trading point of view, it is a buy when the property market is in the doldrums and, oh well, it is never ever a sell.

[tiswas] 22/11/2019 10:49

Hi Jon Looks like they have the size and institutional shareholder base to swallow up MTVW if they wanted to although I am not clever enough to know what extent it would be debt financed or what new equity would be needed. Presumably they would have plenty of room to gear up MTVW a lot more?

[jonwig] 22/11/2019 09:52

LOL, tiswas! Well, 10 years ago they were £40, so maybe they are. Seriously, though, there seem to be two family camps who are not on very good terms. This could mean a resolution is forthcoming with a possible bid which would need to be nearer the live asset value. I remember attending the AGMs a few years ago, and there was certainly speculation about a bid from Grainger.

[tiswas] 22/11/2019 09:30

Are these worth holding bearing in mind I will only be around for another 30-40 years or so?

[greatgiginthesky] 22/11/2019 09:00

H1 results = reassuringly boring.

[jonwig] 21/11/2019 08:29

H1 results: https://www.investegate.co.uk/mountview-estates---mtvw-/rns/half-year-report/201911210700041173U/ Margins and profits improved. Mr Sinclair, as usual, has no time for words.

[jonwig] 19/11/2019 08:18

... Anthony Powell, a Non-Executive Director of the Company, who assumed the role of Acting Chairman following Tony Solway's departure from the Board on 31 March 2019, has been appointed as Non-Executive Chairman with immediate effect. But a third of shareholders didn't even want him on the board. Meanwhile the share price does its stuff.

[jonwig] 18/11/2019 20:30

A strong share price but boardroom bother: Powell and Jarvis reapppointed to the BoD but only by 69:31. Powell, an accountant, was appointed in March 2018; Jarvis, a surveyor in July 2014. Her reappointment was unwelcome on more than one occasion. Interim results are due on Thursday.