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Share Name Share Symbol Market Type Share ISIN Share Description
Mountview Estates Plc 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
  0.00 0.0% 11,500.00 11,300.00 11,800.00 - 8 08:00:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 64.9 34.9 725.7 15.8 448

Mountview Estates Share Discussion Threads

Showing 301 to 325 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
06/8/2015
13:16
Brahms, I can't help you there, because I don't have a mortgage. Manage the flat and get tenants myself and the net yield was 5.66% from day 1.
greatgiginthesky
05/8/2015
20:40
GreatgigI'm not questioning the capital appreciation on London property over the last year , let alone 12, I just can't see how rental returns cover a mortgage, let alone give one a return.
brahmsnliszt
05/8/2015
17:45
Brahms, my BTL is in London near a new Crossrail station and has been amongst my best investment returns over 3 years. Recently re-let at a higher rent there is still huge rental demand for good properties. If I could recommend one location to buy/rent it would be Sydney harbour. Pure magic. Dream on.
greatgiginthesky
05/8/2015
13:21
Brahms, one thing that has become very apparent to me selling properties over the last two or three years is that the solicitors for the vendors, banks, building soc.s etc. are getting a whole lot more picky. The number of boxes to be ticked and questions answered has increased alarmingly!
eggbaconandbubble
04/8/2015
11:48
Agree eggI've had mine since 2001. Capital appreciation was secondary to decent returns at the time.To invest now? People must be mad in London.
brahmsnliszt
04/8/2015
11:44
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)investor themselves. 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.
eggbaconandbubble
03/8/2015
21:33
Still got my btl 4 be townhouse in Greenwich and holiday apt abroad.No intention of selling either.
brahmsnliszt
03/8/2015
14:07
I'm now nearly out of all my BtLs after 20 years. Will elaborate later. Must fly!
eggbaconandbubble
03/8/2015
13:48
eggs - since you are maybe potentially involved in BtL, 'never ending tenancy' doesn't seem to be the case; this should explain it, though it may not be the most up-to-date, considering all the recent legislation: Https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/11445/138295.pdf I'm looking at #2.4 on p17. It's actually quite encouraging for you.
jonwig
03/8/2015
12:38
Who can then remarry presumably. The never ending tenancy. I'm not intending to put the dampers on here. I actually have a situation that I am personally looking at.
eggbaconandbubble
03/8/2015
11:13
Yes: spouse, civil partner, live-in lover. I suppose you can't be a live-in friend for a few weeks before death and claim - or can you?
jonwig
03/8/2015
10:35
If a protected/sitting tenant dies, does the tenancy transfer to the spouse until their demise?
eggbaconandbubble
03/8/2015
09:40
Oops. I think the answer is that the company refurbs and sells properties when they become vacant and they have little control over when that will be.
greatgiginthesky
01/8/2015
11:04
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!
jonwig
01/8/2015
09:36
Which brings me to my next question. What is the point of selling more properties in any one financial year than is necessary to fund the dividends, if the surplus is then simply reinvested into other similar type properties? It's a bit circular, isn't it?
greatgiginthesky
31/7/2015
13:53
greatgig - yes, absolutely! I think I suggested £180 per sh after the interims. In any case, the new dividend policy will be paying out an increased part of the gains in future. I hope. So I'll shave that to my earlier figure. If, of course, it really is a new policy. If opportunities to acquire regulated tenancies decline it's reasonable to expect the company will return more cash to shareholders. (Though some lucky ones will have a hefty tax bill next year ... how will the company deal with that?)
jonwig
31/7/2015
13:38
jonwig, I am not sure that extrapolating the NAV by reference to note 4 in the accounts will get us to the £200 figure. For example, sell only the longest held properties and you will get a much higher gross profit than if the newest properties are sold. In truth, the properties sold in any one financial year will be a blend of old and not so old, but the average will vary slightly from one year to the next.
greatgiginthesky
30/7/2015
10:23
Hi Mayn. I hope the new chairman has been warned! He will have to field all the questions. I intend going to the AGM, and we've booked a trip to London anyway.
jonwig
30/7/2015
08:57
AR 2015 -- I can imagine Graham Murphy is readying his long list of questions right now ahead of the AGM. Last year the AR said the search for the next CEO was 'intensifying' -- now it seems the hunt has been indefinitely postponed. I must admit, when you look at how MTVW's dividend and NAV have grown since the present boss took charge, I bet few non-family shareholders can complain. The AR 2015 reveals the boss received a 20% wage hike to £360k, a lovely £300k bonus and a hefty £99k pension contribution. No wonder he wants to stay put. Mayn
tmfmayn
30/7/2015
08:15
And Papy, if you now look at Note 4, you'll see that a proportion of the trading properties were sold last year for three times their book cost (about 2.7x if you subtract costs), and apply a 20% tax rate you'll get a notional value of 2.4x book value, rather than 2x as in Note 15. That brings you a "true" NAV of almost £200 per share.
jonwig
30/7/2015
08:06
Another thing, which caused some annoyance at last year's AGM is the CEO succession. He's scotched this pretty firmly (page 5): Our management teams continue to evolve and it may become appropriate to appoint one or more of these personnel to the Board ... ... ... I will be happy to step aside when we have in position those of proven ability who are capable of producing results at the level for which I have been responsible for an extended period of years. In other words, internal succession and his choice of who and when. The golf buggy doesn't beckon.
jonwig
29/7/2015
19:59
Copy of Note 15: 15. Inventories Residential properties 2015 £000 323,020; 2014 £000 321,323 The Company’s freehold and long leasehold interests in its portfolio of properties which are held as Trading Stock were valued on 30 September 2014 by an External Valuer, Martin Angel FRICS of Allsop LLP. The valuations are in accordance with the requirements of the RICS Valuation – Professional Standards – Global and UK Edition, 2014. The Market Values are on the basis that the properties would be sold subject to any existing leases and tenancies. The valuer’s opinion of Market Value was primarily derived using comparable recent market transactions on arm’s length terms. Allsop confirm that the aggregate Market Value of the Company’s interest in its trading properties was Freehold £473,759,504 Long leasehold £192,106,762 Total £665,866,266
papy02
29/7/2015
19:05
Annual Report now up: Http://www.mountviewplc.co.uk/AR2015.pdf Note 15 looks significant.
jonwig
14/7/2015
07:34
IMHO it hinders a potential bid by Grainger, who will be focussing on how to fend off the activists and I do not think that making an offer for MTVW aids that process. Nor do I think that Grainger would seek to attract a white knight offer from MTVW - it's beyond their financial capability to entertain such a thought. However, if Grainger is taken private then that would leave MTVW as the only play on the stock market in this kind of business and some of those exGrainger shareholders may seek to redeploy their funds into MTVW in order to maintain an interest in the regulated tenancy market. Just a thought. Edit - Thinking about it a little more, if I were a Grainger shareholder I might well tuck some MTVW shares away in anticipation of the rush.
greatgiginthesky
08/7/2015
13:29
greatgig - I meant to respond just after your post, but forgot (!), sorry! My thought was that Grainger was mentioned as a possible bidder for MTVW (by people at the AGM). I'm struggling to decide whether this actionist move helps or hinders that thought. ~~~~~~~~~~~~~~~~~~~~~~~~~~ The new Chairman (Antony Solway) has bought 300 shares straight after his appointemnt. I note that Mhairi Lindsay Jarvis (appointed over a year ago) as non-exec hasn't bought any. EDIT: Antony Solway - bought a further 200 shares.
jonwig
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
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