Mountview Estates Share Discussion Threads

[mw8156] 13/1/2004 19:13

ydderF
What about Estates and Agency and Smart,j both quite cheap?

[ydderf] 13/1/2004 05:09

020 8920 5777

[stewjames] 12/1/2004 15:23

Do you have a contact number/e-mail/address for them, Fred? They're not part of the Annual Reports Service and there's no contact details in the RNS releases.

[ydderf] 12/1/2004 15:17

StewJ - I suggest that you get hold of a copy of the annual report, and then we can compare notes....

[stewjames] 12/1/2004 12:05

Fred, the PE is low precisely because the NAV is underestimated. I think you're being way too optimistic expecting just under 500p EPS in H2 in any case.

BTW, you never addressed my comment in post 13 on how that method of calculating NAV could lead to a significant overvaluation. Any thoughts? Also, the '99 interims include rental income. This has never been separated out since in the RNS releases, though I assume it is in the full accounts (or do they no longer let?). Have you adjusted for this when calculating your NAV figure?

[ydderf] 12/1/2004 11:46

MTVW - p/e 5, and 45% of nav - all imho natch - no takers today - you must be off your collective heads! - but the more thoughyful and intelligent amongst you can refer to the statements and extrapolate from the relationship between stock, cost of sales and work out the true nav - I have to say it will be beyond most muppets here!

[ydderf] 11/1/2004 19:42

mw8156 - cheaper, daejan have nav of 34 v share price of 20, mtvw nav 65+ (imho) - they don't own commercial only residential v 36 share price.

[mw8156] 10/1/2004 12:09

Not as cheap as daejan?

[ydderf] 09/1/2004 15:17

lololol.........still cheap!

[ydderf] 08/1/2004 14:00

lol............

[ydderf] 07/1/2004 11:27

still cheap as chips and the lowest p/e of any in the property sector + a 50% discount to extimated nav ( you need to be a bit of a forensic accountant to work this out though)

[ydderf] 23/12/2003 08:11

and i still own it...............Mountview has been buying similar properties for 50 years.......

[ydderf] 22/12/2003 13:42

anyone who has been an investor in regulated tenancies over the years knows the huge potential profits to come - as an example, I paid £18,000 at auction for a fully tenanted freehold four floor house in London W14 in 1981.......

[sevey] 19/12/2003 22:14

Well I for one thought this one was undervalued months ago always a big spread but for the bottom draw a good bet .

I bet you did not know that some time ago this co bought all the YORKSHIRE WATERS HOUSING ESTATE now know as (kelda group)for pennies yes pennies!!!!!

I bet they look good now on valuations some properties bought for 2k now worth 200k a nice return thankyou.

S.

[ydderf] 19/12/2003 10:20

lololololol......................

[ydderf] 19/12/2003 10:20

lololololol......................

[ydderf] 13/12/2003 13:28

according to my calcs and extrapolations if MTVW were priced by the market in the same way as Grainger the price would £54

[mw8156] 08/12/2003 19:27

Grainger got a big write up in the Sundaa Times. Does MTVW fall in the same category and what effect would the adoption of REITs have?

[stewjames] 07/12/2003 20:27

Fair enough...I thought you were talking about some strange accountancy anomaly. However, you seem to be working on the assumption that all the stocks on the books are similarly undervalued. It could be that sales are typically of stocks bought several years ago. In this situation and in the strongly rising housing market of the last few years, isn't your analysis likely to result in significant overvaluation of existing assets?

[ydderf] 06/12/2003 16:33

skyracer, take a look at sales and cost of sales i.e. when trading stock is sold look at the cost of that stock, then value the whole trading stock on this basis..............?

[stewjames] 05/12/2003 07:43

skyracer, there isn't a premium to NAV, its on a 50% discount at least - test your analytic skills and look at the accounts and see if you can spot it - if you can't, you have no business buying shares my friend

Thanks for the advice, fred, but I think I'll keep buying shares all the same. Can you give us fools a nudge in the right direction?

[ydderf] 04/12/2003 14:22

i think the problem here is that muppets would only get about 25 shares for their usual consideration max! lololololol......

[ydderf] 03/12/2003 13:05

lololololol............£65 for £33 and a p/e of......what, 6 or 7?

definition of an exceptionally clever investor - someone with mtvw in their portfolio!

[ydderf] 02/12/2003 15:27

lol.......