Mountview Estates Share Chat (MTVW)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Mountview Estates	LSE:MTVW	London	Ordinary Share	GB0006081037	ORD 5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+50.00p	+0.49%	10,250.00p	10,000.00p	10,500.00p	10,100.00p	10,100.00p	10,100.00p	13	16:35:06

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Real Estate Investment & Services	70.3	36.9	766.4	13.4	399.65

Mountview Estates Share Discussion Threads

Showing 401 to 425 of 425 messages

Chat Pages: 17 16 15 14 13 12 11 10 9 8 7 6 Older

Date	Subject	Author	Discuss
08/8/2018 20:34	Jonwig - all seems a bit pointless as the concert party are able to overturn this at a GM but it could signal a greater degree of dissatisfaction amongst some of the other family members. Interesting that the dissenting vote is up by around 100k this year and of course you can see the point as the chairman's salary appears to be going up by £12k annually which equated to 16% last year and 14% this year.	strathroyal	Read Full Thread Reply
08/8/2018 17:59	I see the AGM was a bit contentious ... again! The AR: Https://www.mountviewplc.co.uk/AR2018.pdf	jonwig	Read Full Thread Reply
14/6/2018 12:33	I'm actually encouraged by the statement. It indicates that Mountview recognises that it has a finite life and will eventually be wound-up rather than diversify into areas where it does not have an experience advantage.	nk104	Read Full Thread Reply
14/6/2018 12:25	strathroyal - "superglue" it certainly isn't! Revisiting the RNS of 5 Sept 2013: The Company has been notified that the Concert Party Agreement has been terminated with effect from today and that remaining concert party members consisting of certain Sinclair family members, related Sinclair family trusts and companies under the control of certain Sinclair family members as more particularly set out in the Appendix to this announcement, have agreed the terms of a revised concert party agreement. This revised agreement sets out certain terms of conduct between the concert party members, including the event of an offer being made for the Company. The concert party members are not bound under the terms of the revised agreement to vote together at a general meeting of the Company. This concert party continues to have control of voting rights over 2,085,263 shares representing approximately 53.48 per cent. of the Company's issued share capital. The current (revised) agreement ends in Sept 2019, but can be extended. I don't know what the CGT rules are for a takeover with huge personal implications. Doesn't an all-share offer (by, say, Grainger) defer the charge?	jonwig	Read Full Thread Reply
14/6/2018 12:06	I too thought the CEO comments were interesting. Presumably they were addressed to members of the concert party and encouraging them to diversify their portfolios by use of the (enhanced) dividend income rather than considering selling their shares. This seems to be one of the more likely family controlled companies that might be taken over. I say this because at the last AGM over 20% of shareholders voted against the resolutions yet the annual report only shows one notifiable stake that doesn't belong to the concert party and that was only just over 4%. So perhaps the concert party isn't held together with superglue.	strathroyal	Read Full Thread Reply
14/6/2018 08:55	I would guess as all the family receive huge amounts in these divs they will be quite sensitive to div taxation issues, cant say it bothers me tho as I pay nothing ...	catsick	Read Full Thread Reply
14/6/2018 07:52	Yes, I'm quite relaxed about these. Note the way the CEO's comments are much longer than usual, and I sense some thoughts about "Life after Mountview" - ie. return some capital as the traditional business contracts, rather than push expansion into new areas. If so there's plenty of hidden value to unlock. I wonder if he's aware that there's a rumour that the Budget will align dividend tax with income tax (ie. same at 20%)? If so, that partly explains the increase. I'm willing to add if the price drops hard today, though I sense it won't!	jonwig	Read Full Thread Reply
14/6/2018 07:42	Results so-so taking longer to sell stuff so profit realizations are slowing but the margins are still fat on what they are selling, increasing div makes sense as leverage is still negligible .	catsick	Read Full Thread Reply
29/5/2018 18:49	The trouble is the share price has gone nowhere in 3 years and the divi is not exactly enticing. But knowing me I will get bored and sell up and then they will sell up the following day for 30-40% more!	tiswas	Read Full Thread Reply
29/5/2018 17:58	Can we expect anything significant in term of news?.	robowen65	Read Full Thread Reply
29/5/2018 16:42	tiswas - at least it's the sort of boredom where you can go away and not worry about the house falling in! Yes, 14 June.	jonwig	Read Full Thread Reply
29/5/2018 15:55	Results in a couple of weeks time hopefully might relieve the boredom.	tiswas	Read Full Thread Reply
31/1/2018 10:54	There's been a lot of press coverage recently of lower London house prices. It looks to be more than just high-end properties. Maybe that's it. The full interim report is on the website. I haven't had time to look closely to see if there are any significant details.	jonwig	Read Full Thread Reply
31/1/2018 10:42	Heading for the 105 support. Anyone have any thoughts?	tiswas	Read Full Thread Reply
29/11/2017 12:12	NAV has increased by 6.8% because that is what the company has added to retained earnings after taxation and dividends. Note that the 6.8% figure compares NAV with the figure 12 months ago, not the financial year end. However, we all know that NAV is meaningless for MTVW because it relates to the book value of assets and that is a long way away from the present realisable value. Maynard Paton has conducted another good review on his blog, which is well worth reading.	greatgiginthesky	Read Full Thread Reply
23/11/2017 08:38	gdjs - true, but it would have been good of them to tell us asomething! Maybe a fuller interim report will come onto the website.	jonwig	Read Full Thread Reply
23/11/2017 08:29	The ratio was only 2.0x in H2 2017 - not sure how much we can read into short term fluctuations.	gdjs100	Read Full Thread Reply
23/11/2017 07:45	Rather downbeat H1 results. May have leaked yesterday? https://www.investegate.co.uk/mountview-estates---mtvw-/rns/half-year-report/201711230700032851X/ Clearly Mr Sinclair puts it down to Brexit uncertainty, and I think I know where he pins the blame: ... until the bureaucrats in Brussels agree to meaningful negotiations with our government those uncertainties will remain. Have I perhaps read it right: property sales 2.7x cost against 3.4x in H1 last year - have they been mostly selling recently bought properties, or accepting lower prices? If the latter, why is NAV up by 6.8%? A cold bath for the share price?	jonwig	Read Full Thread Reply
02/11/2017 16:12	Look at paragraph 5 of the Introduction to the recent Notice of General Meeting. Some shareholders with substantial holdings want a different independent non-executive director and a compromise seems to have been reached with the company agreeing to consider appointing another one as well as Mrs Jarvis. We will see if this is an attempt to shake things up a bit and get the share price up nearer to real NAV.	greatgiginthesky	Read Full Thread Reply
31/10/2017 13:16	Thanks Jonwig. Clearly the scale of the votes against the remuneration and auditors, as well as Ms Jarvis, suggests someone isn't too happy. Given the concert party control over 50% of the votes I'd have thought it someone was that displeased with the way the company is run, they would be better off moving along but then what do I know...? No obvious reason not to support the board it appears, so I shall act accordingly. Thanks again for your insights. Best, DB	dab26	Read Full Thread Reply
31/10/2017 12:57	DAB - can't thinkof anything! She's a property consultant (though in Scotland) and seems properly qualified for the job. And of course it's probably nothing to do with any tensions in the controlling factions here since the resolution is an independent one. Perhaps outside shareholders think either that they don't need another non-exec, or they would perfer one who will stand up to Duncan Sinclair a bit!	jonwig	Read Full Thread Reply
31/10/2017 12:48	Can anyone educate me as to what the issue was with Ms Jarvis' re-election? The voting pattern from the AGM makes me think that there must be something going on here, behind the scenes, but I have no idea what that might be. Would be useful to have some idea of what is going on when considering ones vote for the GM. From the notice of the meeting, I can't see any obvious reason why Ms Jarvis' re-election would have proved controversial. Thanks in advance for any enlightenment you can provide. Best, DB	dab26	Read Full Thread Reply
22/9/2017 20:12	True value will only ever be realised when the concert party decides to exit and I doubt that will be for a very long time. This share epitomises the long term approach to investing. Buy for a 20 year, 30 year or longer view to enhancing value. And when the next recession hits the UK economy and the MTVW share price suffers collateral damage, then that is the time to fill your boots with more shares.	greatgiginthesky	Read Full Thread Reply
21/9/2017 13:31	Struggling to get past that early 2015 high! I would not mind if the yield were a little higher but goodness knows how long before true value realised.	tiswas	Read Full Thread Reply
09/8/2017 18:44	Seems like the AGM was eventful. Three resolutions passed by 2:1 only, and one failed conclusively - reelection of Mhairi Jarvis defeated 87:13. I've been to two AGMs and she didn't speak, but wasn't the only silent director. Mr Sinclair doesn't like dissent, and another GM is to be arranged to try to overturn the vote! EDIT: there must be some rules about who is not allowed a vote on certain resolutions - eg. reelection, remuneration. I don't know what they are.	jonwig	Read Full Thread Reply

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