||EPS - Basic
||Market Cap (m)
|Real Estate Investment & Services
Mountview Estates Share Discussion Threads
Showing 376 to 400 of 400 messages
|CEO Duncan Sinclair purchases 36,000 shares taking his total to 574,383 shares. A good vote of confidence.|
|What would also be nice to know is how the 1.15m compares with the valuation a couple of years ago.|
|Well it sold at 1.15m vs the guide of 750k so they will be pretty happy with that and probably a fair price, there will be a nice dollop of profit on this one|
|Well in the auction tomorrow there is a 1460 square foot maisonette in chelsea for sale, the guide is 750k , maybe it sells at 900k but I used to live about 200 meters from this property and although its right on the busy kings road stuff in this area sells at 1000-2000 per square foot and a decent renovation can be done for 100 a square foot, so it would seem they are leaving a lot on the table, even though they probably bought it for next to nothing about 30 years ago ...|
|catsick - thanks for the info. I don't follow property auctions (or residential much). Would it be fair to say that since a buyer will probably be paying 3% sd he'd rather get a cheaper property and do the job himself?|
|Yes but its also 4 months without a move in the price, I would buy more on a move below 100 but otherwise just wait for the tennants to die and free up properties, there seems to be a mountview property in each allsop auction at the mom, another chelsea one in the current one so the still have decent stuff rolling off, they look like they are leaving some cash on the table by not tarting them up a bit before they sell them but thats prob a matter of opinion|
|I suppose so, but it was pretty exciting a couple of years ago!|
|This is the sort of share I like, 4 months without a post!|
|With interim earnings of 446.9p per share the P/E ratio is still under 12. Not too challenging. Plus, MTVW shareholders are notoriously long term holders.
So what if the profits are down over a six month period - property is a long term game.|
|Yes I was thinking they would trade lower and I would pick a few up, seems like no interest though ...|
|Am amazed that these haven't fallen further this morning. I think some of this was priced in, but I don't believe that much. Perhaps it's below the radar of most....|
|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.
|catsick - I see that they've finally sold that property as it didn't sell on the day. Presumably they took a reduced price but should still have banked a substantial profit.|
|Been watching for a while and just loaded up with a few more today at 10,900p. Normal dealing spread is 400p to 500p but just occasionally it narrows down to around 100p. Interims due out next month.|
|Interesting to see mountview selling a townhouse in chelsea in the allsops auction with a 2.75m guide there is going to be a huge dollop of profit on that !|
|And confirmation about the Concert Party today. Ain't no party like a Concert Party (with no respect whatsoever to S Club 7).|
|Announcement out about the Concert Party.
Agreement in principle to extend until 30 September 2019.|
|Thanks - his key point is that the sales made in the year were priced at a 44% premium to the 2014 one-off Allsop valuation. (And of course the trading properties are on the books at cost.)|
|ST in yesterday's IC says it is a '
Interesting comment looking at today's price action.
Think it unlikely but anyone seen/heard anything?|
|I wonder if Sinclair might take the group private?|
|greatgig - I do agree buybacks isn't their style - too much 'City-inspired financial engineering'.
I've just looked back at their results to March 2009: interesting that they saw an urgent need to reduce borrowings (wrong reason - they expected interest rates to rise, and that's where they were persuaded to take out the swap).
During the year 2009-10 they saw the opportunity to make purchases at low prices and even made record profits. the 2011-12 year was when the increased borrowings.
I think they are positioning themselves to make more purchases when the Brexit air gets clearer - they say as much in the current AR. That's where they have scope to increase debt again.
For myself, this is one of my largest holdings, so I'm not too keen to buy more at the moment. And not sell!|
|Mmmm, I think a share buyback unlikely as that would increase the percentage holding of the Concert Party and further reduce liquidity for the rest of us. Debt reduction is either because there are insufficient satisfactory properties available to buy or because management is being ultra-conservative (whenever was it not so?).
Interesting comment in the Chief Exec's report about the dividend having multiplied 26 times over the last 26 years. This seems to be the best indicator of the future.
I am contemplating adding to my holding at current levels (£100 per share).|
|Results look sound, I think the shares are wobbling on brexit and general property weakness, debt is now super low, I think the best use of funds now will be shares buybacks if we see the shares below 100 , the ltv now is probably only 5pct of true nav, with debt so cheap now a still conservative 25pct would seem to make sense now|
|In this era, it is nice to see a company run along such conservative priniciples
The prelims give CRS, which has compared MTVW with GRI in previous analysis (http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRS/12736943.html), more ammunition for its attack on GRI's cost base
In the prelims MTVW reports
gross profit £53.014m
Administrative Expenses £5.148m
Profit before tax £48.388m
In the last half year results, GRI reported Profit before tax of £36.6m after administrative costs of £16.2m
Sure, it isn't comparing apples with apples, but it isn't so far off|