Mountview Estates Share Discussion Threads

[jonwig] 11/8/2021 16:15

AGM voting:



The usual: independent votes against some NEDS and a promise to "engage" with outside shareholders.

Any trading comments or revolts to report?

[greatgiginthesky] 04/8/2021 20:33

Volume today 9,727. Never seen that before. Go figure.

[konradpuss] 22/7/2021 19:43

Well I think that question would go down like a lead balloon with Duncan.

The new non executive chairman is the one to ask.

He is very switched on and on their case it appears to me.

I will ask in any case although I usually leave it to others to ask questions.

[twells1] 22/7/2021 18:53

Konrad
If you are at the agm could you ask about succession planning. Is there a plan?

[konradpuss] 22/7/2021 18:21

NTV, I am, as usual, planning to be at the AGM.

[ntv] 22/7/2021 12:04

Could be an interesting AGM,Is anyone going ?

[konradpuss] 12/7/2021 18:47

Essential you should try and buy back in prior to the valuation in my humble.

[essentialinvestor] 12/7/2021 16:22

I sold last week, did not get the top price, will buy back in on
a bad day if available.

konrad, many thanks for bringing this to my attention, much appreciated.

[catsick] 12/7/2021 16:13

The report is on the website now, nothing of any real note in there, the bare minimum of info really, seems no interest to do another valuation...

[ntv] 09/7/2021 08:53

Despite todays announcement, neither doc is on their website

[jonwig] 07/7/2021 07:10

Interesting thing about the 2014 revaluation of the trading stock from book (£318m) to £666m is:

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.
(2015 AR.)
So there was no assumption of a future uplift when the regulated tenancy expires.
£163/sh in 2014 - possibly near £200 now, as suggested above.

Why the sudden interest right now?

[strathroyal] 06/7/2021 23:16

Whilst the volume has been higher the last few days, nevertheless there has been no real volume and I for one can't see any sign of a takeover. Perhaps the prospect of a revaluation has got some investor(s) anticipating a substantial NAV increase. Wouldn't be a surprise considering that Note 4 of the accounts continues to suggest this.

The other possibility is that if we have now reached the stage where few of these tenancies are coming onto the market, then MTVW will start to throw off significant amounts of cash once the long term debt has been repaid. As the company is unlikely to be able to buy back shares, the prospect of special dividends arises.

[konradpuss] 06/7/2021 21:07

jonwig, not a hope in my humble. If there were a bid, I doubt private equity, probably the William Peers Group as they are holders.

[greatgiginthesky] 06/7/2021 18:16

Regarding a takeover I still subscribe to the view expressed in post number 423.

[nk104] 06/7/2021 17:28

Was a bit of a sudden rise into the close - and the XD date is Thursday, not tomorrow. It's all a bit too exciting for me. MTVW generally has the boredom factor (which I mean as a compliment).

[jonwig] 06/7/2021 17:21

Well, I own two stocks which are being pinched, and this looks much like a fantasy stock market.
I suppose any approach would be rebuffed if only because of CGT bills looming?

[ntv] 06/7/2021 17:18

Are you joking jonwig?
Certainly another closing high again today

[jonwig] 06/7/2021 16:52

Gosh - we can't be "on the list " can we (of PE takeover activity)?

[greatgiginthesky] 06/7/2021 08:13

Konrad- tha Allsop valuation as at September 2014 showed values more than double the balance sheet and was conducted subject to leases in place. At that time it was possible to attribute a NAV per share of £180.

[jonwig] 06/7/2021 06:41

On fair volume for this share. Average deal size about 30 shares, and mostly one way.

[ntv] 05/7/2021 20:53

New closing high

[jonwig] 18/6/2021 07:09

konrad - The NPV is probably as you say, lower owing to time value of money.
Also we can't be sure that London prices have been rising all that quickly recently.

[konradpuss] 17/6/2021 20:45

ydderF and jonwig, I would argue that the NAV is not £200.

If you are referring to the NAV if all the units were vacant then yes I agree.

My current view of the NAV is circa £150/£160. I might be wrong mind!

[greatgiginthesky] 17/6/2021 17:24

You can get all the analysis you want/need from maynardpaton.com

[jonwig] 17/6/2021 09:43

weemonkey - there will be details in the full AR when it's published next month.