Mountview Estates Share Discussion Threads

[konradpuss] 06/6/2021 09:17

ydderF, do you remember the early nineties? Residential property was literally being given away. If interest rates go up it will not only be the highly leveraged house owner but also the government trying to service its debt, both will be in big trouble.

[ydderf] 06/6/2021 08:48

The share-price has been around this level for 6 years, the housing market (+10% last 12 months) is a drug from which no government can wean the voterati. If interest rates rise the corruption of the market means that nobody will suffer and a fix will be found to prevent punters, sorry owner-occupiers from being thrown out onto the streets. This is a one-way too big to fail bet, and the time to sell will be never or when the distorted UK housing market is fixed whichever is sooner. Follow the insiders - when did they ever sell a share?

[konradpuss] 05/6/2021 14:05

Essential, I think much pressure will be put on the management at the EGM to pay up for another Allsop valuation. I never miss it - well I did last year!

The valuation will be the catalyst.

[essentialinvestor] 05/6/2021 13:58

I bought a small amount, however still don't see a catalyst for the SP
to more accurately reflect what NAV may be and that is partly the problem?,
we don't have an update to date figure.

So understand the rationale but don't see a catalyst.
The reason I bought is overvaluation elsewhere.

[konradpuss] 26/5/2021 18:04

ydderF, the long term upside is that the valuation gap closes i.e. the gap between the worth of the portfolio and the valuation reflected in the current share price.

I would suspect fair value is £150/£160 a share. Unfortunately I am a valuation surveyor by qualification so I am sure to be wrong!

[ydderf] 26/5/2021 08:22

"Where is the longer term upside, the share price is trading below December 2014 levels" Essentialinvestor would you be a buyer or a seller of your house at 2014 prices?

[essentialinvestor] 25/5/2021 13:12

Where is the longer term upside, the share price is trading below December 2014 levels.

[konradpuss] 24/5/2021 18:16

ydderF, when all around your are losing their head invest in Mountview.

[jonwig] 24/5/2021 06:58

Happens every year. Mr Sinclair invites engagement then puts some stick about.
May look like Benny Hill, but acts like Francis Urquhart.

[ydderf] 24/5/2021 06:22

Interesting conflict with insider and outsider shareholders being played out, nothing will change but a little more scrutiny will result. Not that any of this matters, buying the shares is buying the UK housing index at a discount and receiving a dividend for the privilege. One of the few real investments available to rational investors during the crazy new normal where City hacks describe Bitcoin as an 'investment'

[konradpuss] 15/5/2021 18:48

Thank you. I still find it amazing they are still buying the volume of tenanted units they do most years.

O.K. the management are over paid, however which management of a relatively successful quoted company are not?

Their interests are also mostly aligned with the common shareholders.

While we are waiting for the revaluation we are receiving a reasonable dividend.

I wonder what the coming wave of inflation will do to/for this company?

[jonwig] 15/5/2021 18:32

konrad - you're more up-to-date than I am with their statements, thanks. It was a full external valuation, unit by unit first time.

(Incidentally, next to any post you make is a 'Edit' button, can be useful!)

[konradpuss] 15/5/2021 18:25

Sorry should have said 'would cost' virtually nothing.

[konradpuss] 15/5/2021 18:25

Jonwig, I was at the last 'open' agm and the chief executive said there would be one after BREXIT - COVID was not on the horizon then.

The directors could do a 'desk top' that would could the virtually nothing.

I like the new chairman - he appears to be asking the right questions.

[konradpuss] 15/5/2021 18:24

Jonwig, I was at the last 'open' agm and the chief executive said there would be one after BREXIT - COVID was not on the horizon then.

The directors could do a 'desk top' that would could the virtually nothing.

I like the new chairman - he appears to be asking the right questions.

[jonwig] 15/5/2021 18:14

GFC- Great Financial Crash, 2007-09. When I went to the AGM after the big revaluation (2015?) the then chairman said they would do it annually. He left not long afterwards! It seems the exercise cost over a million pounds.

The point about house prices is that the properties are on the books at cost so don't show up fully in the accounts. Another revaluation would probably be more useful to the dissident shareholders, so I'm not expecting one.

[steve3sandal] 15/5/2021 18:13

Global Financial Crash or crisis.