Mountview Estates Share Discussion Threads

[jonwig] 16/3/2021 15:29

The NED whom nobody likes has bought 100 shares: https://www.investegate.co.uk/mountview-estates./mtvw/director-pdmr-shareholding/202103161249394472S/

[greatgiginthesky] 04/3/2021 17:57

Yes, a little odd on volume of only 431, but every movement of the share price is unexplained.

[yieldsearch] 04/3/2021 17:34

down to 11,000 on no volume today. hmm

[jonwig] 10/2/2021 07:24

Grainger trading update. Includes: Our sales performance of ex-regulated tenancy properties has been notably strong, with high volumes ahead of valuations.

[konradpuss] 03/2/2021 18:05

It's the thinness of the market I guess.

[twells1] 03/2/2021 15:56

up 5% today Why? No announcement No press comment no share dealing

[konradpuss] 12/1/2021 21:32

jonwig, I think that the stock price is reflecting a partial recovery (only small mind) in 'value' investing. I further think Mountview have probably found a few more opportunities to buy (so they said) and the sales market for their 'kit' has been O.K. of late. I wonder if they have received 'the keys back' from a greater number of tenants due to Covid? I just wish they would do a survey of the age of their tenants and whether they are the first tenant (you can pass a 'regulated' on once).

[jonwig] 12/1/2021 17:28

Nope - it's been a head-scratcher since Christmas!

[twells1] 12/1/2021 17:26

Mountview up 8% today. Does anyone know why. No RNS, no press comment. Have the Murphy family and Mr Sinclair made up. Only 82 shares traded. Very odd

[konradpuss] 31/12/2020 12:21

Jonwig, Mountview own some good locations in London. They bought a big estate in Southfields a while back which must look very good now. The chief executive told me at the last AGM I attended he was much criticised for buying it at 'the wrong time'. I think he has been vindicated. Yes an odd share price move. I think it is just the market makers not the market.

[jonwig] 31/12/2020 09:27

Yes, that's possible. But I thought people were moving out of cities so down-market London prices wouldn't take part in that.

[greatgiginthesky] 31/12/2020 09:18

Odd indeed. I have found that the share price reacts more to the trend of house prices than anything else the company does. Plus ca change!

[jonwig] 31/12/2020 09:08

Quote now 122-123 (£) and no marked trades today. Odd, to say the least!

[konradpuss] 29/12/2020 08:27

Well we have got a deal from the EU! Low volume as usual and no news feed. I guess, little stock with the market makers and a bit of demand.

[catsick] 29/12/2020 08:07

Wierd move is there something going on here ?

[jonwig] 27/11/2020 15:31

A good link, thanks. Here's the clickable version (for "blue" users): https://www.allsop.co.uk/media/rarity-value-regulated-tenancies/ [Hint, capitalise a letter, eg: Https, etc. and you're OK.]

[greatgiginthesky] 27/11/2020 14:51

hxxps://www.allsop.co.uk/media/rarity-value-regulated-tenancies/ Written last year, but a useful take on the marketplace and commentary on the discounts available. Replace xx with tt. Methinks the increase in inventories will have arisen from a block purchase.

[jonwig] 27/11/2020 07:12

konrad - the header title was based on the idea in 2008 that MTVW would benefit from the GFC by hoovering up properties from distressed owners. The same could be happening again considering that London was worst hit in the first wave. The main question is whether the prices were low enough to make a good enough profit margin.

[jonwig] 26/11/2020 20:28

Yes, that shows as "increase in inventories" (£17.226m) in the cashflow statement, which dwarfs recent previous periods. I haven't had time to look much into these numbers, but I'm pretty satisfied.

[konradpuss] 26/11/2020 20:04

Interesting, Duncan says the company has made 'substantial purchases'. Dividend maintained. How many companies have done that this year?

[jonwig] 26/11/2020 12:14

Here, bare bones! https://www.investegate.co.uk/mountview-estates---mtvw-/rns/half-year-report/202011261045146291G/

[jonwig] 26/11/2020 08:12

I'm sure they usually have results out at 7:00. Mind, they're so detailed and complex that delay can be expected. And Duncan is still busy writing his lengthy narrative.

[konradpuss] 25/11/2020 16:30

I remember quite well at the 2018 AGM I attended the CEO, Duncan Sinclair (who looks and acts much like Benny Hill!) expounding on the history of the company and giving reasons why they have only every really bought regulated tenancies. I did not attend the 2015 AGM so I cannot comment on what was said then.

[strathroyal] 25/11/2020 15:28

jonwig - agree re 2) but they don't seem to be able to find anyone within the family to take over from DS and they have always acknowledged that their areas of expertise are those quite narrow ones of the existing business so I do think that they will reluctantly accept 1).