Mountview Estates Share Discussion Threads

[jonwig] 15/6/2017 14:31

I wouldn't assume both are sells to the MMs.

[greatgiginthesky] 15/6/2017 13:55

Two huge sales today totalling 130,415 shares. Who is selling; who is buying?

[jonwig] 15/6/2017 07:18

Here they are:



Actually, they're pretty good considering the H1 performance - nearly made up the shortfall. And NAV is ahead of the half year number.

Mr Sinclair's inscrutable mask slipped a little in his opening paragraph, expressing his frustration with our political masters. The full annual report will have a lot more detail, and I trust lower-grade London property won't have suffered as much as the premium stuff.

[greatgiginthesky] 15/6/2017 07:10

Preliminary Results for the year to 31 March 2017. Move along, please. Nothing to see here. Reassuringly boring.

[jonwig] 06/6/2017 10:06

Annual results announcement next week: 15 June.

[greatgiginthesky] 04/4/2017 22:30

CEO Duncan Sinclair purchases 36,000 shares taking his total to 574,383 shares. A good vote of confidence.

[greatgiginthesky] 30/3/2017 14:08

What would also be nice to know is how the 1.15m compares with the valuation a couple of years ago.

[catsick] 30/3/2017 12:54

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

[catsick] 29/3/2017 07:50

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 ...

[jonwig] 25/3/2017 06:30

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?

[catsick] 24/3/2017 23:39

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

[jonwig] 22/3/2017 17:54

I suppose so, but it was pretty exciting a couple of years ago!

[tiswas] 22/3/2017 16:40

This is the sort of share I like, 4 months without a post!

[greatgiginthesky] 27/11/2016 17:10

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.

[catsick] 24/11/2016 12:58

Yes I was thinking they would trade lower and I would pick a few up, seems like no interest though ...

[jockthescot] 24/11/2016 09:56

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....

[jonwig] 24/11/2016 08:09

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.

[strathroyal] 09/11/2016 22:04

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.

[greatgiginthesky] 26/10/2016 12:02

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.

[catsick] 24/10/2016 10:51

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 !

[nk104] 10/10/2016 15:35

And confirmation about the Concert Party today. Ain't no party like a Concert Party (with no respect whatsoever to S Club 7).

[nk104] 05/10/2016 14:08

Announcement out about the Concert Party.



Agreement in principle to extend until 30 September 2019.

[jonwig] 27/7/2016 18:26

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.)

[retsius] 27/7/2016 12:16

ST in yesterday's IC says it is a '
buy'
R.

[tiswas] 27/7/2016 11:30

jpjp

Interesting comment looking at today's price action.

Think it unlikely but anyone seen/heard anything?